Novi - Novi Michigan - Detroit Real Estate

Novi homes for sale

Here is a breakdown of Novi homes for sale. A couple of years ago you would have never found a home in Novi under $125,000. Now we have 8 Novi homes for sale listed under $100,000. The average time on the market for Novi homes is 158 days.

I always say the longer the house is on the market the more likely the house is over priced. All homes will sell if priced right. The home will sell when it becomes a value. I would say those homes in the $700 - $750,000 range are over priced for what they are.

Novi home Price Statistics

Range Name	Price Range	Number of Listings	Days on Market

	50,000 to 100,000	8	142
	100,001 to 150,000	15	179
	150,001 to 200,000	29	161
	200,001 to 250,000	17	109
	250,001 to 300,000	18	102
	300,001 to 350,000	13	145
	350,001 to 400,000	13	160
	400,001 to 450,000	17	75
	450,001 to 500,000	5	125
	500,001 to 550,000	12	285
	550,001 to 600,000	12	186
	600,001 to 650,000	3	31
	650,001 to 700,000	7	125
	700,001 to 750,000	3	512
	750,001 to 800,000	6	277
	800,001 to 850,000	1	13
	850,001 to 900,000	0	0
	900,001 to 950,000	0	0
	950,001 to 1,000,000	4	299

For the 183 *Novi home listings*:		For the *Novi Sold listings*:
Average List Price	$370,010.00	Average Sold Price	$0.00
Median List Price	$330,000.00	Median Sold Price	$0.00
Highest List Price	$999,900.00	Highest Sold Price	$0.00
Lowest List Price	$59,000.00	Lowest Sold Price	$0.00
List Volume	$67,711,750.00	Sales Volume	$0.00
Avg. Days On Market	158	Avg. Days On Market	0

More Novi real estate information

City of Novi data

Novi Subdivisions

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Posted on Mar 14, 2010 @ 9:08 pm by russ.ravary - View Profile

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Island Lakes subdivision, Novi Michigan

Here is an real estate neighborhood market update for Island Lakes subdivision Novi Michigan. Island Lakes subdivision is located North of 10 Mile Rd and west of Wixom Rd. Most of the homes sell for over $400,000 (off the lake) to over a $1,000,000 for a lake front home. The homes were built by Toll Brothers Building Company.

Here are all the homes that are currently for sale in Island Lakes as of 3/9/2010. There are 28 homes for sale in Island Lakes that have been on the market an average of 133 days.

LIST PRICE	STREET NAME	SQUARE FOOTAGE	BEDROOMS	BATHS.LAVS	YEAR BUILT
4000 for lease	CRESTWOOD	4630	5	4.1	2000
413,995	NEPAVINE	2420	4	2.1	2010
424,900	HILLSDALE	3519	4	2.1	2002
429,995	BILLENCA	2720	4	3.1	2010
433,995	AMESBURG	2690	4	2.1	2010
448,995	BILLENCA	2870	4	3.1	2010
455,995	NEPAVINE	2820	4	3.1	2010
471,995	CALVERT ISLE	3170	4	2.1	2010
478,995	BILLENCA	3200	4	3.1	2010
478,995	NEPAVINE	2760	4	2.1	2010
537,995	CHESAPEAKE	3440	4	3.1	2010
545,000	BELLINGHAM	3511	4	4.1	2005
549,900	DOGWOOD	3600	4	3.1	2004
549,995	CHESAPEAKE	3230	4	3.1	2010
549,995	CHESAPEAKE	3230	4	3.1	2010
567,995	CHESAPEAKE	3690	4	3.1	2010
569,995	CHESAPEAKE	3650	4	3.1	2010
575,000	TERRA DEL MAR	3485	4	2.1	2004
576,995	CHESAPEAKE	3830	4	3.1	2010
581,995	CHESAPEAKE	4020	4	3.1	2010
595,000	GLENWOOD	4041	4	3.1	2005
600,000	GLENWOOD	4007	5	3.1	2002
607,995	CHESAPEAKE	4170	4	3.1	2010
689,900	CRESTWOOD	4630	5	4.1	2000
689,995	CHESAPEAKE	4100	4	3.1	2010
799,000	TIMBER	4903	5	3.1	2003
799,999	ANCHORAGE CT	5622	4	5.2	2002
1,170,000	DRAKES BAY	5100	4	3.1	2004

Here are all the home that have sold in Island Lakes subdivision in the last 360 days as of 3/09/2010.

ADDRESS	LIST PRICE	SALE PRICE	DOM	SQUARE FOOTAGE	SP PER SQFT
26536 ANCHORAGE CT	349900	305000	5	3549	85.9397
24998 SAMOSET CT	399900	398400	210	3400	117.1764
24982 SAMOSET CT	449900	409000	40	3175	128.8188
25800 PENINSULA	434900	415000	179	3128	132.6726
25543 HILLSDALE DR	402900	415000	4	3522	117.8307
50545 LANGLEY DR	450000	450000	11	2900	155.1724
50638 BILLENCA DR	499900	480000	279	3359	142.8996
26519 GLENWOOD DR	550000	485000	202	4200	115.4761
24450 SAYBROOK CT	500000	490000	177	3814	128.474
24290 TERRA DEL MAR DR	574995	533000	78	3352	159.0095
25704 SHORELINE DR	554900	539000	90	4371	123.3127
50321 DRAKES BAY DR	595000	550000	124	4137	132.9465
50735 CHESAPEAKE DR	600000	570000	7	4258	133.8656
50651 CHESAPEAKE DR	624900	572000	47	4100	139.5121
50861 DRAKES BAY DR	649900	605000	70	4351	139.0484
50945 CHESAPEAKE DR	699995	685000	424	5546	123.5124
50641 DRAKES BAY DR	899995	775000	70	4700	164.8936
25810 SHORELINE DR	900000	775000	29	5300	146.2264
51052 DRAKES BAY DR	959900	915000	196	5462	167.521
25879 SHORELINE DR	1195000	1125000	68	5692	197.6458

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Search Oakland County Lake front homes for sale

More indepth Oakland County water front real estate and lake information

http://www.detroitmichiganrealestatehomes.com/005284

Posted on Mar 12, 2010 @ 10:02 pm by russ.ravary - View Profile

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Bellagio, Novi Michigan

Here is a March 2010 update on Bellagio Novi Michigan. Bellagio subdivision is Novi's premier subdivision. It is a gated subdivision that is home to some local sports celebrities. Here is what is currently for sale in Bellagio subdivision right now.

LIST PRICE	STREET NAME	SQUARE FOOTAGE	BEDROOMS	BATHS.LAVS	YEAR BUILT
1675000	BELLAGIO	5340	5	4.2	2006
1775000	RAVELLO	4883	4	4.2	2003
3399000	BELLAGIO	7000	5	6.3	2005

If you want more information on any of the three homes give me a call or email me.

Here is what has sold in Bellagio subdivision in the last year.

Bellagio homes that have sold in the 360 days as of 3/9/2010

ADDRESS	LIST PRICE	SALE PRICE	DOM	SQUARE FOOTAGE	SP PER SQFT
47510 CAPRI CT	999900	851000	67	5265	161.6334
47455 BELLAGIO DR	1500000	1350000	233	5813	232.238

Search Novi homes for sale and Novi foreclosures

Novi subdivisions

City of Novi information

My quote of the day is:

The Chinese use two brush strokes to write the word 'crisis.' One brush stroke stands for danger; the other for opportunity. In a crisis, be aware of the danger - but recognize the opportunity.

John F Kennedy

http://www.detroitmichiganrealestatehomes.com/005283

Posted on Mar 10, 2010 @ 2:35 am by russ.ravary - View Profile

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Oakland County real estate market reports

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.

Sales Statistics for *OAKLAND County MI*

Single Family Residence
Time Period	Number of Sales	Median Sale Price
Jan 2010	773	$130,000
Jan 2009	642	$121,950
Dec 2009	1,117	$125,000
Dec 2008	655	$134,600
2010 YTD	1,143	$121,480
2009	10,554	$118,000

Condominium
Time Period	Number of Sales	Median Sale Price
Jan 2010	230	$113,500
Jan 2009	184	$125,500
Dec 2009	307	$110,000
Dec 2008	198	$150,000
2010 YTD	316	$105,000
2009	2,896	$115,750

Here is more information about

Brighton / BrightonTownship

Commerce Township

Farmington & Farmington Hills

Milford

Novi

Southfield

South Lyon / Lyon Township

Search Oakland County homes for sale

http://www.detroitmichiganrealestatehomes.com/005267

Posted on Mar 08, 2010 @ 9:17 am by russ.ravary - View Profile

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Novi demographics - Novi real estate

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

Quick Facts about Novi Michigan	Novi	Michigan
Population, 2006 estimate	54,105	10,095,643
Population, percent change, April 1, 2000 to July 1, 2006	14.2%	1.6%
Population, 2000	47,386	9,938,444
Persons under 5 years old, percent, 2000	7.4%	6.8%
Persons under 18 years old, percent, 2000	27.6%	26.1%
Persons 65 years old and over, percent, 2000	8.1%	12.3%
Female persons, percent, 2000	50.8%	51.0%
White persons, percent, 2000 (a)	87.3%	80.2%
Black persons, percent, 2000 (a)	1.9%	14.2%
American Indian and Alaska Native persons, percent, 2000 (a)	0.2%	0.6%
Asian persons, percent, 2000 (a)	8.7%	1.8%
Native Hawaiian and Other Pacific Islander, percent, 2000 (a)	Z	Z
Persons reporting two or more races, percent, 2000	1.5%	1.9%
Persons of Hispanic or Latino origin, percent, 2000 (b)	1.8%	3.3%
Living in same house in 1995 and 2000, pct 5 yrs old & over	47.9%	57.3%
Foreign born persons, percent, 2000	12.7%	5.3%
Language other than English spoken at home, pct age 5+, 2000	14.4%	8.4%
High school graduates, percent of persons age 25+, 2000	94.0%	83.4%
Bachelor's degree or higher, pct of persons age 25+, 2000	49.1%	21.8%
Mean travel time to work (minutes), workers age 16+, 2000	26.6	24.1

Housing units, 2000	19,649	4,234,279
Homeownership rate, 2000	71.1%	73.8%
Median value of owner-occupied housing units, 2000	$236,300	$115,600

Households, 2000	18,726	3,785,661
Persons per household, 2000	2.52	2.56
Median household income, 1999	$71,918	$44,667
Per capita money income, 1999	$35,992	$22,168
Persons below poverty, percent, 1999	2.2%	10.5%

As I have said in some of my other metro Detroit relocation posts you have to remember that some of this demographic information has changed because it is over ten years old. In the last ten years the City of Novi I believe has become wealthier. There have been many high priced Novi neighborhoods built in the last ten years.

Search Novi homes for sale

http://www.detroitmichiganrealestatehomes.com/00518B

Posted on Jan 22, 2010 @ 9:00 pm by russ.ravary - View Profile

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