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Posts Tagged ‘clarkston mi lakefront real estate’

Lake Oakland Lakefront Real Estate- Rising Prices- Low Inventory

So far there have been 4 closed sales this year on Lake Oakland in Clarkston and Waterford MI with prices ranging from $245,000-$751,871 with an average sales price of $414,218.

Last year the average sales price on Lake Oakland was $223,320 and in 2010 the average sales price was $194,677.

3 of the 4 sales this year were “normal” sales with only one bank owned home compared to last year when half the sales on Lake Oakland were distressed sales and 64% of the sales in 2010 were distressed sales.

Houses are selling quickly and close to asking price. I had a buyer client get into a bidding war a couple weeks ago and our over asking price offer with a very strong buyer lost out.

There are currently 8 sales pending and 8 active listings on Lake Oakland.

For More Information About Lake Oakland

Oakland County Lakes

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Selling Your Lake Oakland Home

Jackie Hawley

ReMax Encore

Cell: 248-736-6407

Jackie@JackieHawley.com

www.MiRelocation.com

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Deer Lake, Clarkston Michigan, Lakefront Real Estate Sales

all sports deer lakeDeer Lake is 137 acre all sports lake in Independence Township (Clarkston MI) just minutes from I-75 and downtown Clarkston. Deer Lake Beach is located at 350 White Lake Road and is open to residents of Independence Township from Memorial Day to Labor Day (weather permitting). A fee is charged for use of the beach and for the boat launching facilities. Swimming lessons are available throughout the summer. Park rules are posted at the entrance.

Lakefront housing on Deer Lake sells for a premium. “Back in the day” lakefront houses on Deer Lake would sell for over a million dollars easily. Even last year when half the sales were distressed sales, the highest priced sale in Independence Township was on Deer Lake and closed for just under $1.7 million. One of the things that makes Deer Lake unique to the area is the availability of homes on acreage. Most lakes in North Oakland County are either areas of converted cottages OR developed to get the biggest bang for the developer’s buck. The house that sold for a million seven in 2010 was on over 7 1/2 acres. Even the lower price homes tend to be on good sized lots- even an acre or two.

There is currently 1 sale pending on Deer Lake (2-23-2011). A bank owned home, over 4000 sq. ft., on 12 acres.

On Feb. 23, 2011 there were 3 homes for sale on Deer Lake ranging in asking price from $699,000-$2,400,000.

Please don’t hesitate to contact me if you are considering buying or selling a home on all sports Deer Lake.

Jackie Hawley
cell: (248)736-6407
email: Jackie@JackieHawley.com

Oakland County Lakes

Lake Oakland and Woodhull Lake

Maceday and Lotus Lake

Sylvan Otter Lake

Lake Orion

Long Lake

photo from Flickr courtesy Themarzo

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Maceday and Lotus Lakes– Houses Were More Expensive in 2010 Than in 2009

all sports lakeMaceday and Lotus Lakes are all sports lakes in northern Waterford MI and spilling over into Clarkston MI. The 2 lakes are connected for a total 419 acres. There were 12 sales on Maceday and Lotus Lakes in 2009 ranging in price from $76,000-$590,000. In 2010 there were 13 sales ranging in sale price from $100,000-$475,000.

A little bit more detailed breakdown of the sales for Maceday and Lotus Lakes:

2009 there were 3 bank owned sales
2010 there was 1 bank owned sale

2009 there were 3 short sales
2010 there were 7 short sales

2009 76% of the sales were under $200,000
2010 38% of the sales were under $200,000

2009 8% of the sales were between $200,000 and $300,000
2010 32% of the sales were between $200,000 and $300,000

2009 16% of the sales were over $300,000
2010 30% of the sales were over $300,000

2010 sales data for maceday and lotus lakes

2010 Sales Data

2009 sales data for maceday and lotus lakes

2009 Sales Data

 

Are home priceson Maceday Lake and Lotus Lake on the rise? Or were there just nicer houses for sale in 2010? I think it may have been some of both.

On Feb. 11, 2011 there were 4 sales pending ranging in asking prices from $204,900-$789,877 and only 1 of those was a distressed sale (1 short sale and 3 regular sales).

On Feb 1, 2011 there were 9 active listings on Maceday and Lotus Lakes ranging in asking price from $200,000-$3,800,000- 1 short sale, 0 bank owned listings with the rest being regular sales.

Maceday and Lotus Lakes are all sports lakes- great for the water skier or jet skierin the summer and snowmobiler in the winter.There is a public access site at Williams Lake Rd just east of Maceday Lake Rd.

For the fisherman, Maceday Lake is a designated trout lakeand was stocked last fall with 1,000 lake trout with some of the fish being up to 18 inches long and ranging in age from 2-4 years. Maceday Lake was also stocked with 12,000 rainbow trout in 2010 and another 12,760 rainbow trout in April, 2010. It was stocked with 15,000 splake (brook trout/lake trout cross) in March of 2009 and 13,300 in April of 2010.

In 2005 sale prices on Maceday and Lotus Lakes ranged from $245,000 – $1,150,000.

Please don’t hesitate to contact me if you are considering buying or selling a home on all sports Maceday Lake or Lotus Lake.

Jackie Hawley
Keller Williams Realty
cell: (248)736-6407

Jackie@JackieHawley.com

Oakland County Michigan Lakes

Oakland County MI

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Waterford MI Lakefront Homes for Sale

Clarkston MI Lakefront Homes for Sale

from flickr courtesy flyfshrmn98

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