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Island Lakes subdivision Novi MI

What's the real estate market like in Island Lakes subdivision in Novi MI as of 12/5/2010?

Island Lake subdivision is a fairly large subdivision that is being built around a small lake in Novi MI.  There is only one builder and they are Toll Brothers building company.  All the homes that sit on the lake have been completed, but there is still many homes and home sites to be completed.  Island Lakes subdivision is a carefully planned subdivision with quite a few parks and a couple of beach areas for the residents to enjoy. 

Currently there are 26 Island Lake homes for sale.  12 of them are to be built homes.  The other ones are existing homes for sale. They have been on the market an average of 237 days, but that number is misleading because the "to be built homes" stay on the market longer than the other homes.

Current Island Lake subdivision homes for sale as of 12/5/2010
LIST PRICE STREET NAME SQUARE FOOTAGE BEDROOMS BATHS.LAVS YEAR BUILT
413995 NEPAVINE 2420 4 2.1 2010
429900 ACORN 3419 4 3.1 2004
432995 GLENWOOD 3478 4 2.1 2011
432995 CRESTWOOD 3478 4 2.1 2011
432995 CRESTWOOD 3478 4 2.1 2011
432995 GLENWOOD 3478 4 2.1 2011
433995 AMESBURG 2690 4 2.1 2010
448995 BILLENCA 2870 4 2.1 2010
455995 NEPAVINE 2820 4 3.1 2010
471995 CALVERT ISLE 3170 4 2.1 2010
478995 BILLENCA 3200 4 3.1 2010
478995 NEPAVINE 2760 4 2.1 2010
489000 TERRA DEL MAR 3400 4 3.1 2004
499000 DOGWOOD 3604 4 3.1 2004
514900 LANGLEY 3475 4 3.1 2004
537995 CHESAPEAKE 3440 4 3.1 2010
549995 CHESAPEAKE 3230 4 3.1 2010
549995 CHESAPEAKE 3230 4 3.1 2010
567995 CHESAPEAKE 3690 4 3.1 2010
569995 CHESAPEAKE 3650 4 3.1 2010
576995 CHESAPEAKE 3830 4 3.1 2010
589995 CHESAPEAKE 4100 4 3.1 2010
607995 CHESAPEAKE 4170 4 3.1 2010
650000 SAYBROOK 3517 4 4.1 2007
699000 ANCHORAGE 5112 5 5.2 2001
975000 SHORELINE 5465 5 5.1 2006

If you would like more information or would like to see any of these homes...give me a call or email me.  I know Novi and the local area.  There have been 3 Island Lake subdivision homes leased in the last year and 14 Island Lake homes sold in the last year.  They had been on the market an average of 121 days. 

Island Lake subdivision sold homes
ADDRESS LIST PRICE SALE PRICE DOM SP PER SQFT SQUARE FOOTAGE YEAR BUILT
50681 BILLENCA DR 2750 2795 22 0.9928 2815 2004
50864 CHESAPEAKE DR 3400 3200 10 0.7986 4007 2005
26385 CRESTWOOD DR 4000 4000 6 0.8639 4630 2000
24998 SAMOSET CT 399900 398400 210 117.1764 3400 2004
25543 HILLSDALE DR 402900 415000 4 117.8307 3522 2003
25571 HILLSDALE DR 399900 420000 400 119.3521 3519 2002
50545 LANGLEY DR 450000 450000 11 155.1724 2900 2006
25541 DOGWOOD LN 499000 475000 36 150.3164 3160 2002
25599 HILLSDALE DR 499000   15   3537 2002
50556 LANGLEY DR 539000 500000 44 144.5086 3460 2004
24351 BELLINGHAM DR 545000 505000 104 143.8336 3511 2005
25884 NW SHORELINE 510000   7   3781 2003
26487 GLENWOOD DR 565000 522000 8 129.1759 4041 2005
24374 TERRA DEL MAR DR 539900 527500 12 151.624 3479 2006
50735 CHESAPEAKE DR 600000 570000 7 133.8656 4258 2005
50651 CHESAPEAKE DR 624900 572000 47 139.5121 4100 2005
49720 TIMBER TRL 649900 640000 216 130.5323 4903 2003
25810 SHORELINE DR 900000 775000 29 146.2264 5300 2003
49988 DRAKES BAY DR 1095000 1040000 85 203.9215 5100 2004
25879 SHORELINE DR 1195000 1125000 68 197.6458 5692 2004
   

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Posted on Dec 10, 2010 @ 9:19 pm by russ.ravary - View Profile
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