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Posts Tagged ‘waterford mi lakefront homes’

Sylvan Lake Otter Lake Lakefront Home Sales Real Estate Sales

Waterford, West Bloomfield and the Village of Sylvan Lake Michigan

Median sales price on all sports Sylvan and Otter Lakes is up 31% from last year. Average sales price on Sylvan and Otter Lakes is up 26% from last year.

So far this year there have been 8 more sales on Sylvan and Otter Lakes than all of 2011.

Distressed sales are down. Way down. In 2011 distressed sales (foreclosures and short sales) made up 47% of all sales on Sylvan and Otter Lake. So far in 2012 there have only been 3 distressed sales on Sylvan and Otter Lake or 13% of lake sales.

Unit Sales:

2011- 15
2012- 23

Average Sale Price:

2011- $251,157
2012- $337,604

Median Sale Price:

2011- $202,500
2012- $295,000

Sales Volume:

2011- $3,767,352
2012- $7,764,900

Foreclosures (units):

2011- 5
2012- 3

Short Sales (units):

2011- 2
2012- 0

There are currently 8 active listings on Sylvan and Otter Lake– ranging in asking price from $95,000-$725,000. 1 short sale and the rest are normal listings.

Sylvan and Otter Lake is a 530 acre all sports lake located in Waterford and West Bloomfield Townships and the Village of Sylvan Lake, MI.

Compliments of Jackie Hawley of the JHawley and Associates Real Estate Team at ReMax Encore in Clarkston MI.

Cell: (248)736-6407

Jackie@JackieHawley.com

www.SearchMichiganMLSListings.com

Sylvan and Otter Lake

www.OaklandCountyMichiganLakes.com

Waterford MI Lakefront Homes For Sale

Clarkston MI Lakefront Homes For Sale

White Lake/Highland MI Lakefront Homes For Sale

Lake Orion/Oxford/Addison MI Lakefront Homes For Sale

Lapeer MI Lakefront Homes For Sale

www.LakeOaklandHomes.com

www.MacedayLake.com

www.LakeOrionLakeFrontRealEstate.com

For Sellers- www.JHawleyAndAssoc.com

For Sellers- www.AreaRealEstateExperts.com

www.ClarkstonMichiganRealEstate.com

www.MiRelocation.com

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Lake Oakland Lakefront Home Sales- Great News If You’re Selling! Buyers- Play Games And You May Lose Out!

Good news for current homeowners on Lake Oakland in Clarkston and Waterford MI. Prices are up and homes are selling quickly. If you want to live or own a cottage on Lake Oakland, you may need to wait for the right house to come up, but when it does, don’t hesitate or play games with the offer price or you may never get that house. Or worse you may end up in a Lake Oakland home in a year when prices are higher and interest rates will probably be higher, too!

The average sales price in 2011 was up 13% from 2010. Most houses sold within a few per cent of asking price if they didn’t sell for full price or more. Of the 12 sales on Lake Oakland in 2011 5 homes sold for full price or more. One house even sold for 34 1/2% over the list price. The longest time on the market was 34 days and many sold within the first week.

There are currently 4 pending sales on Lake Oakland– 3 normal sales and 1 bank owned home- ranging in list price from $209,900-$400,000. The sad news is if you are buying there are only 4 active listings– all non distressed sales- ranging in price from $189,900-$715,000.

2010: 14 units sold 2011: 12 units sold

2010 average sales price: $194,677 2011 average sales price: $223,320

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

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

Please don’t hesitate to contact me for additional information about homes for sale on Lake Oakland. With prices still low it is a good time to buy a cottage or second home or to upgrade to that lake house. Interest rates are still great and FHA will mortgage up to just under $300,000 so you don’t need a lot of cash (liquid) in order to buy right now. FHA 203 loans will allow you to mortgage the money needed to fix up a house that has been neglected or even beat up as many of the bank owned homes are.

Jackie Hawley
ReMax Encore, Clarkston MI
Cell: (248) 736-6407
Jackie@JackieHawley.com

Lake Oakland

Oakland County MI Lakes

Lakefront Homes For Sale In Oakland County MI

Market Evaluation (CMA)

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Silver Lake Lakefront Real Estate Sales

Silver Lake is a 101 acre all sports lake in Waterford Michigan– between Walton Blvd and Silver Lake all sports lakefront homes for sale waterford michigan lakefront real estateDixie Hwy and west of Silver Lake Rd. In the 2003-2005 peak times lakefront houses on Silver Lake typically sold in the three hundred, four hundred and five hundred thousand area with an occasional house selling in the six hundred thousand neighborhood.

Today sale prices on all sports Silver Lake are ranging from $150K range to the $450K range with a mixture of newer homes and older homes. Prices in 2010 seem to be pretty much on par with 2009, though still a long way from the peak times of a few years ago. On March 1, 2011 there were 4 active listings ranging is asking price from $219,900-$384,900 and there were 2 sales pending with asking prices of $200,000 and $299,000. Homes on Silver Lake may fall into either the Waterford school district or Pontiac school district this seems to be a rare case of school district not having an impact on price.

Below are sale charts for various years for Silver Lake lakefront homes. The charts are as complete as the data input in the MLS.

For a list of homes for sale on all sports Silver Lake please don’t hesitate to contact me.

Jackie Hawley

cell: (248)736-6407

email: Jackie@JackieHawley.com

Making an Offer- How Not to Buy a House

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Oakland County Lakefront Real Estate

Oakland County MI Lakefront Homes for Sale

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Sylvan and Otter Lakes Lakefront Real Estate Sales

all sports sylvan lake all sports otter lakeSylvan Otter Lake is a 530 acre all sports lake located in Waterford and West Bloomfield Townships and the Village of Sylvan Lake- south of Highland Rd (M-59), north of Orchard Lake Rd, east of Cass Lake Rd and west of Telegraph. Weed control is taken care of by the Sylvan Otter Lake Association. There is a state licensed water ski course on the south side of Otter Lake running along the edge of the swamp. Oakland County Boat Club is a private not for profit social club and marina located in Sylvan Lake since 1912 and is usually in charge of the Fourth of July fireworks.

 

Sylvan Otter Lake Association

Oakland County Boat Club

Sales for lakefront homes in 2010 were pretty brisk- 15 closings as opposed to 8 closing in 2009. Prices in 2009 ranged from $68,000-$534,000- 4 bank owned sales and 1 short sale. There was only 1 house that sold for under $100K but on the other end of the sales spectrum there was only one house that sold for over $235K. 2009 was very sad when you consider in 2005 there were 7 sales reported to the MLS and they ranged in price from $315,000-$617,500.

2010 fared much better than 2009 with 15 sales ranging in price from $60,160-$800,000. Again there wasall sports sylvan lake all sports otter lake only 1 sale below $100,000 and it was a foreclosure sale. 11 of the sales were $230,000 and up with 3 sales in the $300’s, 1 for $430,000, 2 in the $500’s and then a sale for $800,000. 3 of the 15 sales were bank owned and 4 were short sales- a much lower percentage of distresses sales than in 2009.

So far in 2011 (Feb. 28, 2011) there have been 2 closed sales- a bank owned home that sold for $150,000 and a regular sale for $314,000. There are currently 3 sales pending- a foreclosure asking $115,500, a regular sale asking $179,900 and short sale asking $182,500. There are currently 7 houses for sale on Sylvan Otter Lake ranging in asking price from $196,565-$850,000- 1 bank owned, 1 short sale and 5 regular listings.

If you are considering buying or selling a home on Sylvan Otter Lake please don’t hesitate to contact me.

Jackie Hawley

cell: (248) 736-6407

email: Jackie@JackieHawley.com

Oakland County Lakes

Sylvan Otter Lake Detailed Sales Information

www.MiRelocation.com

water skiing photo from flickr courtesy ack2

swans photo from flickr courtesy of John G Luker

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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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