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Posts Tagged ‘clarkston mi 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

Search The MLS

Selling Your Lake Oakland Home

Jackie Hawley

ReMax Encore, Clarkston

Cell: 248-736-6407

Jackie@JackieHawley.com

www.MiRelocation.com

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What Does BATVI Mean? Clarkston MI Real Estate

Simply- Buyer Agent To Verify Information.

This is also known as an ass covering, or in my opinion, a waste of precious space in the limited space allotted in the MLS.

If you are buying a Clarkston MI short sale listing, beware of listings where the listing agent fills out the listing in a shoddy manner, such as wasting space in the comments, not filling out the remarks section at all, inaccurate listing information, etc. Remember, the listing agent is the person we are relying on to complete the short sale to the banks’ and seller’s approval. If he can’t fill out the listing, how successful will his short sale negotiations be?

If you are selling a Clarkston MI home, check your MLS sheet to make sure it is complete and accurate and all 25 photos included. The MLS is in place to sell your listing to the buyers’ agents. If I am going to show 5 houses to someone and 10 show up in the MLS search, I will not show the listings that are incomplete or indicate laziness on the part of the listing agent.

Often times BATVI gets replaced by CHP or EXP (price change or expired listing).

Jackie Hawley
ReMax Encore, Clarkston
Jackie@JackieHawley.com

Cell: 248-736-6407

Marketing Your Clarkston MI Home

Choosing An Agent To Market Your Clarkston MI Home

Choosing A Buyer’s Agent

Search The MLS

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Clarkston MI Home Sales Are Up- AGAIN!!

2011 home sales in Clarkston MI were up in units, average sales price and total dollar volume from 2010. And 2010 was better than 2009. Is this a trend? Will 2012 be a better year than 2011? If you were waiting until the market hit rock bottom to buy, you may want to consider hopping off that fence. Inventory is low and you need to be ready when “that” house hits the market. Interest rates are also low. The annual average interest rate on a 30 year fixed mortgage was 4.45% paying .7 of a point. Almost a percent and a half lower than the hey days of 2003-2004-2005.

Some interesting facts:

  • 419 closed sales in 2011
  • 416 closed sales in 2010
  • 353 closed sales in 2009

That’s 16% increase in unit sales from 2009.

Average Sales Price:

  • 2011- $193,935
  • 2010- $188,712
  • 2009- $176,611

The average sales price in 2011 was 2.7% higher than in 2010 and 8.9% from 2009.

Part of this is due to the decline in distressed sales. In 2011 foreclosure sales made up 32% of the total sales. In 2010 they made up 37% of the total sales. Short sales made up a total of 18% of the total sales in 2011 and 22% of the total sales in 2010. In short- distressed sales were just under 60% in 2010 and just under 50% in 2011.

Total Dollar Volume:

  • 2011- $81,258,650
  • 2010- $78,504,030
  • 2009- $62,343,820

That’s a 3.4% increase in total dollars from 2010 and a 23% increase from 2009.

Cash sales made up 19% of all total sales in 2011, 32% of bank owned sales, 18% of short sales, 11% of regular or non-distressed sales.

Houses in general sold within 4% of asking price on average. Bank owned homes sold within 1% of asking price and short sales sold within 3 1/2% of asking price.

Search the MLS

Clarkston MI Homes For Sale

Writing The Offer

Financing

Choosing a Buyer’s Agent

Jackie Hawley
Keller Williams Realty, Clarkston MI

Jackie@JackieHawley.com

Cell: (248) 736-6407

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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

Search the MLS

Selling?

Buying a Foreclosure or Short Sale Listing

Clarkston MI Homes For Sale

Clarkston MI Lakefront Homes For Sale

Lake Oakland and Woodhull Lake

Lotus and Maceday Lakes

Deer Lake

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Just Sold! 8944 Stonegate, Clarkston MI- 5 Days on the Market Highest Price in Stonegate Sub!

stonegate clarkston mi home sales clarkston mi real estatePrestigious Stonegate is an upscale Clarkston neighborhood conveniently located off Dixie Highway about 5 minutes from I-75. Large lots, mature trees, Clarkston schools.

We listed 8944 Stonegate toward the end of a week and had come to terms by the end of the first weekend! A sweet 4 bedroom home built in 1996 on a 1 acre landscaped yard backing to a common area sold for $330,000 or $114.78/square foot.

Prices in Stonegatehave ranged from $225,000-$220,000 in the paststonegate clarkston mi home sales clarkston mi real estate year and a half. There is currently 1 home pending with an asking price of $329,000 and 2 homes for sale with asking prices of $324,900 and $340,000.

If you have a 4 bedroom home in the Clarkston school district and are thinking of selling, please don’t hesitate to contact me about selling. The last 3 homes I listed in the Clarkston schools that had 4 bedrooms all sold within 5 days and all sold for top dollar.

If you are considering buying a 4 bedroom home in theClarkston area you need to find a good agent (me) who checks the inventory daily. Inventory is low and the good listings don’t last long. 2 of the 3 listings I mentioned above that sold so quickly had multiple offers.

For Sellers

Seller Concessions for Dummies

You Accepted an Offer- Now What?

What Happens if the Appraisal is Low?

 

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

Jackie@JackieHawley.com

www.MiRelocation.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

For Sellers

Non Distressed Seller

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