Detroit Real Estate

Southeastern Michigan real estate update

Hi Everyone,

Just curious.. how many of you have seen the latest news about Metro Detroit real estate?  It's exciting news about the four Metro Detroit County "Summer Sizzle" for home sales and media value increase!  When is the last time we heard good news from the papers about the local real estate market?  Just to fill you in on some of the numbers which were shared;  Home sales were up in Livingston and Oakland Counties almost 30% and with Wayne County up over 12%.  Prices were up as well with the median price up 8.8% in Oakland, 11.1% in Wayne but, unfortunate, down 5.5% in Livingston County. 

What this means to you and I is that the limited inventory of Metro Detroit homes compared to the demand for quality homes is currently not in balance.  There are less Metro Detroit homes available because so many people can't afford to sell.  They owe too much on their home compared to what they can sell it for.  As long as this trend continues, we should continue to see prices increase slowly, although probably not at the same rates as the August numbers. 

This may be the best time in several decades to move up with the interest rates in the 4% range.  Call me and let's assess your situation.  You timing may be perfect for not only finding the home of your dreams, but to take advantage of the great interest rates, and home prices that we haven't seen in 10 years or more.

                                  Russ Ravary

313-310-9855

yesmyrealtor@gmail.com

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In the past year 16 homes on Strawberry Lake (Hamburg, Michigan) have sold. On average the homes on Strawberry Lake range from 550 square feet to 5000 square feet. The majority of the home styles are ranches and colonials.

 Strawberry Lake is a 257 acre, all sports lake. On the north end of the lake the Huron River continues on to Ore Lake. On the southwest side of the lake, Devils Basin connects Strawberry Lake toZukey Lake.

Photo	Price	Address City	Bed Bath Style Sq.Ft.	Exterior Basement Garage Size Lot Size/Acres	Year Built Summer Tax Winter Tax School Dist.
	$30,900 SOLD	10075 KRESS RD HAMBURG TWP	2 1 RANCH 560	WOOD NO GARAGE 118X437/1.24	1955 410 2,154 PINCKNEY
	$100,000	4634 OAKLAWN DRIVE HAMBURG	3 2 RANCH 1,047	VINYL 2 CAR 0.36 ACRES/0.36	1994 715 1,134 PINCKNEY
	$141,000	10255 KRESS HAMBURG TWP	3 2 COLONIAL 1,608	WOOD FINISHED 2 CAR 132 132 275 262/0.82	1974 708 1,122 PINCKNEY
	$165,000	5135 LISCH DR HAMBURG TWP	5 4.1 COLONIAL 2,854	VINYL FINISHED 2 CAR 300 X 200 X 200/0.69	1987 1,154 1,892 PINCKNEY
	$168,000	10477 HICKORY DR HAMBURG TWP	3 1 RANCH 920	WOOD 1 CAR 25X45X384X373/0	1945 758 1,938 PINCKNEY
	$179,900	10337 STRAWBERRY LN HAMBURG TWP	2 1 RANCH 800	WOOD 40 X 255 X 40 X 244/0.23	1946 1,015 4,218 PINCKNEY
	$190,000	4813 DOWNING DR HAMBURG TWP	2 1 RANCH 1,008	ALUMINUM NO GARAGE 38X40X165X170/0.15	1920 528 2,216 PINCKNEY
	$215,000	10727 STRAWBERRY HILL LN HAMBURG TWP	4 2.1 COLONIAL 2,404	VINYL FINISHED 3 CAR 127X222/0.65	1988 1,094 1,793 PINCKNEY
	$218,000	10631 INDIANOLA RD HAMBURG TWP	3 2.1 RANCH 2,025	WOOD UNFINISHED 3 CAR 103.93X168X140X186/0.76	1978 1,191 1,953 PINCKNEY
	$225,000	5280 EDGELAKE RD HAMBURG TWP	4 1.1 COLONIAL 2,304	VINYL 2 CAR IRREGULAR/0.18	1950 889 2,151 PINCKNEY
	$249,000	5101 GALLAGHER HAMBURG	3 3 CONTEMP 2,298	WOOD 2 CAR /0.45	1973 1,653 3,420 PINCKNEY
	$290,000	10706 BOB WHITE BEACH HAMBURG	2 1 RANCH, OTHER 1,103	OTHER 3 CAR 100x309x120x319/0.77	1925 939 2,152 PINCKNEY
	$335,000	10226 BUHL DR HAMBURG TWP	3 2 RANCH 1,881	BRICK, STONE 2 CAR 100X150/0.34	1960 2,300 3,644 PINCKNEY
	$465,000	5000 EDGELAKE DR HAMBURG TWP	4 2 RANCH 2,100	WOOD, LOG/LOG FACED UNFINISHED 6 OR MORE 331X174X163X246/1.1	1920 3,239 6,030 PINCKNEY
	$551,000	10686 BOB WHITE BEACH BLVD HAMBURG TWP	3 3 CONTEMP 2,964	CEDAR 5 CAR 50X299X60X310/0.37	1995 2,617 9,828 PINCKNEY
	$968,000	5191 GALLAGHER HAMBURG TWP	4 4.1 RANCH 4,872	BRICK 6 OR MORE IRREG/1.7	1996 5,117 10,855 PINCKNEY

 If you want to see any Strawberry Lake homes, please give me a call or email me at yesmyrealtor@gmail.com.

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 Currently there are 15 homes on Rush Lake (Hamburg Twp, Michigan) for sale. On average the homes around the lake are mixed from cottages to 3000 square feet colonials. Many of which are 2 stories.

 Rush Lake is 100 acres and is a private, all sports lake. Rush Lake is located South of Rush Lake Rd, East of Pettysville Rd and North of 36.

Photo	Price	Address City	Bed Bath Style Sq.Ft.	Exterior Basement Garage Size Lot Size/Acres	Year Built Summer Tax Winter Tax School Dist.
	$54,900	8689 RUSHVIEW DR HAMBURG TWP	2 1 RANCH 948	WOOD, OTHER NO GARAGE 50 X 135/0.16	1940 267 1,786 PINCKNEY
	$80,000	3309 JUNIOR HAMBURG TWP	3 1.1 COLONIAL 1,105	VINYL UNFINISHED NO GARAGE 50X150/0.17	1992 584 925 PINCKNEY
	$89,900	8677 RUSHSIDE DR HAMBURG TWP	2 1 BUNGALOW 1,015	WOOD 1 CAR IRREG/0	1945 495 3,692 PINCKNEY
	$110,000	3325 JUNIOR DR HAMBURG TWP	3 1 RANCH 1,008	VINYL NO GARAGE 50X50X150X150/0	2011 212 744 PINCKNEY
	$115,000	8640 CRESTON DR HAMBURG TWP	3 2.1 COLONIAL 1,505	VINYL UNFINISHED 2 CAR 50 X 50 X 135 X 135/0	2005 838 2,181 PINCKNEY
	$129,900	3825 ELMHILL DR HAMBURG TWP	4 2 CONTEMP 2,000	BRICK, WOOD FINISHED, DAYLIGHT 2 CAR 100X150/0	1978 613 2,381 PINCKNEY
	$140,000	8631 RUSHVIEW DR. HAMBURG TWP	3 2 BUNGALOW 1,130	VINYL FINISHED NO GARAGE 45X135/0.14	2002 562 2,329 PINCKNEY
	$149,000	3287 RUSH LAKE HAMBURG	2 1.1 RANCH 1,385	WOOD, VINYL NO GARAGE /0.99	1958 823 4,174 PINCKNEY
	$175,000	3468 RUSH LAKE RD HAMBURG TWP	2 1 RANCH 1,308	VINYL 1 CAR 40 X 35 X 127 X 133/0.13	1953 574 3,268 PINCKNEY
	$199,900	8416 SCOTIA HAMBURG TWP	4 2 RANCH 1,680	WOOD PART FIN , WALKOUT 2 CAR 104X130X100X127/0.24	1979 406 1,451 PINCKNEY
	$229,900	8415 BAUDINE RD HAMBURG TWP	4 2 CONTEMP 2,000	OTHER PART FIN 2 CAR 50X52X120X135/0	1988 1,007 2,877 PINCKNEY
	$239,000	2890 SHADOW BROOK LN HAMBURG TWP	3 2 RANCH 1,808	WOOD UNFINISHED, WALKOUT 2 CAR 134X383X103X346/1.02	1994 977 1,588 PINCKNEY
	$284,958	00000 BAUDINE RD HAMBURG TWP	3 2 RANCH 1,424	WOOD, STONE UNFINISHED 2 CAR 150X105/0.36	2010 1 1 PINCKNEY
	$309,900	9295 ANACAPA BAY DR HAMBURG TWP	4 3.1 COLONIAL 2,685	BRICK, OTHER FINISHED, DAYLIGHT 3 CAR IRREGULAR/1.38	2000 1,276 2,021 PINCKNEY
	$310,000	9318 ANACAPA BAY DR HAMBURG	4 2.1 COLONIAL 2,924	BRICK, VINYL 2 CAR 181X334X86X246/0	1999 1,280 2,028 PINCKNEY

If you want to see any of these Rush Lake homes, please give me a call or email me at yesmyrealtor@gmail.com.

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Southeastern Michigan homes and real estate

Here is what is happening in the metro Detroit real estate market

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I received a call a couple of weeks ago from a prospective lake front home buyer that was interested in Metro Detroit lake homes under $80,000.

The issue is that to get on a good lake or even get a livable lake front home in the Metro Detroit area you are going to be paying $100,000 - $150,000. 

Please note that these are the pictures of the more expensive homes not the under $80,000 lake front homes.

If you look at all the lake front homes that sold in the last year there are only 3 on what I would call good sized lakes.  As a local realtor I have been in many of the under $100,000 houses.  Some of them need to be completely torn down and you would be buying it for the property only. 

The buyer on the phone was expecting a nice 1000 square foot house on a big lake for under $80,000.  That isn't very likely to happen.  So I didn't want to get their hopes up.  BUT there are some homes that are worth it if you are handy and like to be living on a lake/small pond.  So yes it is possible to buy a Metro Detroit lake home under $80,000 but it most likely will need work, or be on a smaller lake, or be a very small house, or be a 1920's to 1950's home.  

Here is a list of all the Metro Detroit lake front homes under $80,000 that sold in the last 360 days

If you want the latest Metro Detroit Lakefront home listings emailed to you click on the link or you can just search without getting emails.

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