Market Review from Real Estate One

 January kicked off 2011 with the same positive momentum shown in November and December. The inventory of available homes for sale declined, with listings down in all price ranges and markets, furthering our move towards a stable market. Even in this freezing month, buyers visiting open houses were up by 50% and showing appointments were up by 25%, compared to December.  

New Homes starting at $149,900 in Ortonville MI

Long Lake Village is located in Ortonville MI.  Construction has once again started in this community.  Not only can buyers expect a quality constructed home with many standard features included, they can now b

Michigan Real Estate Market

It is a bit to early to announce a definitive trend but historically the combined October and September sales have been a reasonable indicator of the up coming year (in this case a post tax credit market).

Michigan is beautiful in the Fall

10 Reasons to Buy a Home

Enough with the doom and gloom about homeownership. We have all heard so much from the media that has caused people to freeze in their tracks.  Weigh you circumstances and begin to compare the cost of home ownership verses paying rent.

Read the entire Wall Street Article

SEPTEMBER 16, 2010, 4:33 P.M. ET

House Sales show slight decline in Clarkston, Michigan

First Time Home Buyer sales has slowed in Clarkston, MI since the expiration of the Tax Credit. Supply and Demand tells all.

Absorption Rate Graph are posted for monthly comparison.   

August, 2010

June, 2010

Michigan Real Estate Market near Neutral?

If the banks continue their current strategy of a slow release of foreclosure inventories while focusing on short sales,  we can expect our market to look very much like it does now for the next two years, a Buyer's Market, but hovering close to a neutral market. That means that values in certain price brackets will not fall as fast, or even at all, while little appreciation in home values is expected in the upcoming years.

June Market Report - Michigan

The June market followed what we had expected, slowing from the peak activity levels prior to the tax credit expiration. The good news is that our slowdown has been less than most of the other markets across the nation. Available home (listing) inventories continue to fall which will help to stabilize value declines. The months supply of inventory for the metro area remains at a two year low of under six months (compared to the high in Nov. of 08' of over 14 months), still a Buyer's market, but moving in the right direction.
 

Clarkston Market Report

8663 Fish Lake Road, Holly MI 48442

Rare find for those buyers seeking a home with acreage and ample living spaces, 5 bedrooms and 4 full Baths. This well maintained home is situated on 10 rolling acres with two ponds, a large screened gazebo, shed and pole barn. Just Listed at $275,000    

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