Detroit Real Estate

 Oakland County real estate

 Here is January's Median sale prices and the number of sales.  Now there is an interesting statistic.... the median sales price was up.  That is a good sign for the metro Detroit real estate market.

Here is more information about

It depend on many different aspects on how much being on a main road reduces the value of the Farmington Hills home or any Metro Detroit home.  Here are some of the vary degrees of being on a main road.

• Is it a major 4 or 5 lane road?  Or is it a smaller 2 or 3 lane road?  Is it a freeway?
• Is it a busy road with lots of traffic noise? 
• Is the road to the side of the house?  Are you the first house in the sub?
• Is the back yard facing the road?  People with children don't like that many times.
• Is the road blocked by shrubbery or a wall.   A house with a "barrier" that blocks the view and gives the security of a solid barrier is best.  Homeowners like the security of feeling protected and having a wall or separation from the road.
• Is the front of the house facing the road?
• Is the road a gravel road with lots of dust?
• Is there a hill between the road and the house?

To some people a road doesn't bother them at all.  To others with kids it does.  One of the biggest things to remember is that a home on a road will be harder to sell in the future.  You have a smaller pool of buyers for Farmington Hills home because some people will not even look at a home on a main road.  Whether it is a Farmington Hills home or any other Metro Detroit home a road usually does reduce the value.

But should you buy a house on a main road?  Sure if you want the house and it fits your needs.  The cost reduction because of the road may get you into a home that you could not otherwise afford.  It may be the home that meets all of your wants.  So don't let a road stop you from buying the Farmington Hills home.

So now the question is "How much lower should I bid because of the road?"  What makes it a good value now?  But my opinion a front facing home to a busy road can decrease the value of a home up to 10% from a similar home with similar amenities in a subdivision.  

I hope this helps you. 

•  What else detracts from the value of a Metro Detroit home?
•  What adds value to a Metro Detroit home?
• Metro Detroit first time home buyer tips
• Oakland County lake real estate and Oakland County Lake information

                               ~~~       Search Metro Detroit area home listings       ~~~

Russ Ravary your metro Detroit real estate agent

If you are thinking of relocating to Farmington Hills Michigan and buying a piece of Farmington Hills real estate, here is Farmington Hills demographics.  This will give you a glimpse of the city and what it's residents characteristics are. 

The 2010 census will be taken soon.  There are many changes in Farmington Hills demographics in the last ten years.  So some of this will be a little inaccurate.

Farmington Hills Michigan information

Search Farmington Hills homes for sale listings

Farmington Hills real estate homes blog

Sunday is the last day for Farmington Founders Festival located in downtown Farmington MI.  It is located right on Grand River and Farmington Rd just east of Drake Rd and West of Orchard Lake Rd.  There is lots to do for the whole family especially if you have kids.

They have fine art booths located at the Masonic Temple right on Grand River.  So if you need a nice painting, fine jewlery, some nice glass pieces you might find what you want at the Founders Festival. 

There were about 50 tents of crafters and home items booths.  There is everything from doggie treats to cement statuary. 

They had a great area for the kids to enjoy.   A climbing wall, face painting, bouncy toys.  A kids paradise.  But there are no carnival rides or carnival game booths at Farmington's Founder Festival.

My wife and I clowned around and stuck our heads into the cutouts.   There was a constant line up from kids to grown ups taking their pictures.

There were live local musicans and a beer tent in the parking lot down from Dagwoods Deli.  All the local company booths were in this area.  From churches, home improvement companies, to raffles they are here for you to see.

And of course there were food booths and local companies booths in the festival too.  Whats going to a festival without getting an elephant ear or a corn dog?

It's a beautiful day... not to hot so come on out and enjoy the last day of Farmington's Founder Festival located off Grand River West of Orchard Lake and East of Drake.  Farmington MI is a great place to live or just to visit.  You don't have to be a Farmington resident to enjoy the festivities.  So come on over.

Russ Ravary your Metro Detroit real estate agent helping you find Wayne and Oakland County foreclosures and bargain homes

                                 Search Farmington Hills homes for sale and get the latest Farmington homes for sale emailed to you weekly

You can read all my latest posts by just scrolling down the page.  But here are some of the other ways to find the information you need.

• Use the search box - type the word or information you need
• Click on the categories on the side
• Or read my most read articles

Search Metro Detroit foreclosures

Search Michigan homes for sale

 get listings emailed to you daily so you don't miss the deals!