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Lake Oakland Lakefront Sales– Prices Continue to Climb!

Just like the rest of the North Oakland County area- home prices on Lake Oakland are up and there is a real lack of active listings available.

Unit sales are up, average sales price is up, median sales price is up, total sales volume is up…. the amount of distressed sales are down!

Units sold:

2010: 14 2011: 12 2012: 17 (as of Dec, 4)

2010: sale prices ranged from $95,000-$300,000
2011: sale prices ranged from $98,700-$560,000
2012: sale prices range from $55,000-$825,000

Average Sales Price:

2010: $194,677
2011: $223,320
2012: $313,341

Median Sales Price:

2010: $197,050
2011: $181,000
2012: $245,000

2010: 6 bank owned and 3 short sales
2011: 5 bank owned and 1 short sale
2012: 3 bank owned and 0 short sales

There are currently only 6 active listings on all sports Lake Oakland ranging inm price from $260,000-$1,599,000 and none are distressed sales.

Lake Oakland is located in Waterford and Clarkston MI in North Oakland County Michigan. It is a 235 acre all sports lake that connects via canal to all sports Woodhull Lake. Lake Oakland has always been a desirable lake to live on. In 2004 the losest price house sold through the MLS was $282,150 and in 2005 prices ranged from $250,000-$1,275,000.

Prices are on the rise but a great deal can still be had. Interest rates are still great and FHA will mortgage up to just under $300,000 and FHA 203K loan will allow for you to borrow for repairs at the same time.

Please don’t hesitate to contact me for additional information about homes on Lake Oakland.

If you are thinking of selling your Lake Oakland home, please call about my extensive marketing plan.

 

www.LakeOaklandHomes.com

www.MacedayLake.com

www.OaklandCountyMichiganLakes.com

www.ClarkstonMichiganRealEstate.com

www.SearchMichiganMLSListings.com

www.JHawleyAndAssoc.com

Jackie Hawley, Realtor ReMax Encore, Clarkston MI

www.MiRelocation.com

Jackie@JackieHawley.com

Cell: 248-736-6407

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