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Posts Tagged ‘clarkston mi home sales’

Clarkston MI Home Sales Up- AGAIN!! Can we stop calling this a declining market?

I’ve been hearing on the news lately how foreclosure filings are up in the Detroit area. I wish the media would separate Oakland County from the Detroit area. What exactly is the “Detroit Area” anyway? When listening to the news it seems to range from anywhere in Southeast Michigan to all of Michigan. Sometimes I think they just make stuff up.

The “true” housing stats are as follows- at least for the Clarkston area.

Sales are up from last year. Sales are up from 2010 and 2009.

The first quarter sales for the “Clarkston area” which I define by searching the MLS for Clarkston schools with sales over $10,000 to weed out the lease sales are as follows:

2012: 129 units sold 2011: 101 units sold 2010: 106 units sold 2009: 65 units sold

The average sales price in 2012 was $180,975 The average sales price in 2011 was $178,612 The average sales price in 2010 was $170,918 The average sales price in 2009 was $164,820

The amount of bank owned sales and short sales were about the same each year but considering the total unit sales have been up, the per cent of distressed sales are down. The average sales price for the distressed sales are also down.

In 2012 bank owned sales made up 33% of the total sales and short sales made up 16% of the total sales. In 2011 bank owned sales made up 47% of the total sales and short sales made up 23% of the total sales.

The average sales price of the bank owned sale in 2012 was down to $97,745 opposed to $134,139 in 2011.

As of yesterday (May1) there were only 164 active listings in the Clarkston school district. On Jan 5, 2009 there were 359 active listings in the Clarkston school district.

So basically unit sales are up 22% from last year and up 50% from 2009. The average sales price is up 1.3% from last year and up 9% from 2009. Distressed sales are down from last year and there is a huge shortage of homes for sale. Cash sales made up 23% of the total sales in the first quarter of 2012 and 9% of non-distressed sales were cash sales.

Thinking of selling? This is a great time- we have buyers and no houses to sell them. I’ve been showing a LOT of crap. Just because the inventory is low does NOT mean you can ask any price. Properly priced homes sell quickly – the trick is to price in a manner that you can get top dollar for this market and still sell quickly.

If you are thinking of selling your Clarkston MI home, please don’t hesitate to call.

Marketing Your Home

Why Choose Me to Sell Your Home

Preparing Your Home for Sale

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

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I want to start out by stating this post IS NOT for the potential Clarkston short sale seller. Short sales, and what I like to call a normal sale, are 2 completely different animals. Most Clarkston MI short sale sellers NEED to sell and are upside down on their mortgage. The regular seller may or may not NEED to sell but either way, they either have equity or have the money to make up the difference if they are upside down on their mortgage.

But this post is for the “regular” or “normal” Clarkston home owner who has at least been toying with the idea of selling for whatever reason.

If you have been thinking of upgrading you may be able to buy that house you couldn’t afford back in 2003 or 2004. You may be able to purchase that home you dreamed about back then for the same or less than you paid for your current home. And with current interest rates you may be able to upgrade with a lower house payment.

Other benefits to selling now:

  • Inventory is low which means a lack of competition. A good chunk of that competition are short sale listings and by virtue of the time it takes to get a short sale approved, a large portion of the buyer pool can’t even consider a short sale listing
  • Lack of new construction listings. Prices have gotten so low a builder can’t compete against existing homes.
  • Prices have gotten so low you may be able to downsize into a house for a very small or no house payment. Buying that retirement home a bit early and eliminating your house payment is about the ultimate in security
  • If you’re thinking of upgrading this may be a great time. Prices are low and whatever you may lose on the house you’re selling you can more than make up for on the other end. I have clients moving to the lake or onto acreage who never thought they would be able to live that lifestyle.

Other possibilities are to downsize and buy a second home/cottage. Or downsize and buy rentals for income purposes. I have one client who is buying small homes in the Lake Orion, Clarkston and Oxford areas and renting them out for double her house payments on those homes.

This is an economy where a lot of people are hurting beyond belief. It is also an economy where real wealth can be made.

Jackie Hawley, Realtor

ReMax Encore, Clarkston MI

Cell: (248) 736-6407

Jackie@JackieHawley.com

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Clarkston MI- 2010 Sales Were UP!! Units, Sales Price and Volume! Foreclosures Down!

Clarkston MIGreat News! Unit sales were up! Average Sales Price was up! Median Sales Price was up! Unit sales were up 15.6% in 2010 from 2009. Average sales price in 2010 was up 6.4% from 2009 and the median sales price in 2010 was up 7.4% from 2009. Total sales volume in 2010 was up over $16.5 million from 2009 and up over $5.7 million from 2008.

Bank owned sales made up 36% of the total sales in 2010; bank owned sales made up 45% of the total sales in 2009. Though foreclosure sales were down, short sales were up constituting 22.5% of the total sales in 2010 but only 14.7% of the total sales in 2009.

Inventory is down. On 3-3-2011 there were 161 active listings in Independence Township/Clarkston. On 3-4-2010 there were 196 active listings and on 3-7-2009 there were 306 active listings. Currently that’s about a 4 1/2 month inventory opposed to a 10 1/2 month inventory 2 years ago. Many of the current listings are crap- basically overpriced, because no matter how bad the condition of a house is it will sell if properly priced. I recently listed a home in Independence Township and had 4 offers within 2 days. It is not uncommon to be in a multiple offer situation and most homes are selling within 60 days after achieving their final asking price.

2009:

353 units sold
average sales price: $176,611
median sales price: $150,000
total volume: $62,343,820

2010:

418 units sold
average sales price: $188,624
median sales price: $162,000
total volume: $78,844,620

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

Clarkston MI Detailed Sales Data

North Oakland County MI Neighborhoods

North Oakland County MI Lakefront Real Estate

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Non Distressed Seller

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