Novi Michigan Real Estate market update

Island Lakes Subdivision 

 Here is the last list of homes for sale and homes that have sold in the Island Lakes Subdivision in the last six months.

    One of the houses on the lake

                                                     one of the first homes built in Island Lakes subidvision

   Another style of home being built by Toll Brotherk                                                                                  

  For more on Novi real estate go to the side bar and click on Novi or click on the search for homes button above.

 Quote of the day: 

 If you are patient in one moment of anger, you will escape a hundred days of sorrow.

                                                                                Chinese proverb

Here are the latest statistics for South Lyon condos as of June 2008.

South Lyon Condo Price Statistics Num of Listings   20   15 10 5   0      R1   R2   R3   R4   R5   R6   R7   R8   R9   R10   R11   R12   R13   R14   Price Range

Price Statistics Legend Range Name Price Range Number of Listings Days on Market         R1 0 to 20000 22 111 R2 20001 to 40000 22 140 R3 40001 to 60000 8 159 R4 60001 to 80000 7 176 R5 80001 to 100000 10 180 R6 100001 to 120000 5 117 R7 120001 to 140000 8 89 R8 140001 to 160000 4 102 R9 160001 to 180000 2 156 R10 180001 to 200000 2 213 R11 200001 to 220000 1 1149 R12 220001 to 240000 0 0 R13 240001 to 260000 0 0 R14 260001 to 261000 1 61 For the 92 listings: For the 81 Sold listings: Average List Price $72,074.00 Average Sold Price $64,125.00 Median List Price $54,900.00 Median Sold Price $38,900.00 Highest List Price $350,000.00 Highest Sold Price $261,000.00 Lowest List Price $550.00 Lowest Sold Price $1.00 List Volume $6,630,797.00 Sales Volume $5,194,149.00 Avg. Days On Market 146 Avg. Days On Market 151

 Are you trying to sell your Northville home or looking to buy a Northville Michigan home?  If so the tables below will tell you the average time on the market for Northville listed homes, and Northville sold homes.  So whether you are relocating to Michigan or just moving within the Metro Detroit real estate marketthis table will show you the median sales prices and number of Northville homes for sale in a certain price range.

Northville Home Price Statistics Num of Listings   40   30 20 10   0      R1   R2   R3   R4   R5   R6   R7   R8   R9   R10   R11   R12   R13   Price Range

Price Statistics Legend Range Name Price Range Number of Northville Home Listings Days on Market         R1 150000 to 200000 26 152 R2 200001 to 250000 37 170 R3 250001 to 300000 44 157 R4 300001 to 350000 28 146 R5 350001 to 400000 36 153 R6 400001 to 450000 23 135 R7 450001 to 500000 25 163 R8 500001 to 550000 16 171 R9 550001 to 600000 30 219 R10 600001 to 650000 39 226 R11 650001 to 700000 29 222 R12 700001 to 750000 10 173 R13 750001 to 800000 14 207 For the 357 Northville home listings: For the 36 Northville Michigan Sold listings: Average Northville MI List Price $450,134.00 Average Northville Home Sold Price $403,635.00 Northville home Median List Price $425,000.00 Northville Michigan Median Sold Price $399,500.00 Highest List Price $799,900.00 Highest Sold Price $780,000.00 Lowest List Price $159,000.00 Lowest Sold Price $159,900.00 List Volume $160,697,800.00 Sales Volume $14,530,850.00 Avg. Days On Marketfor Northville homes 177 Avg. Days On Market for Northville homes 101  For more Northville information feel free to check out my other website www.RussRavary.com or search for Northville homes for sale by clicking on the search for homes button above. My quote of the day: A man travels the world over in search of what he needs and returns home to find it. George Moore

Whether you are selling a Farmington Hills Michigan home, or relocating to Michigan, or thinking of moving to Farmington Hills the tables below will give you an idea of the Farmington Hills real estate market.  The tables below will tell you how long Farmington Hills homes have been sitting on the market by price range,  what the average lisst price is and the average time on the market is.  

The tables below also give Farmington Hills homes average sold price and Farmington Hills median home sales price.  Don’t use this table to price your home, but use as an indication of where the price points are that people are buying Farmington Hills homes. 

Farmington Hill Home Price Statistics Num of Listings   1300   975 650 325   0      R1   R2   R3   R4   R5   R6   R7   R8   R9   R10   R11   R12   R13   R14   R15   Price Range

Farmington Hill Real Estate Price Statistics Legend Range Name Price Range Number of Listings Days on Market         R1 50,000 to 100,000 169 144 R2 100,001 to 150,000 528 150 R3 150,001 to 200,000 1077 152 R4 200,001 to 250,000 1340 155 R5 250,001 to 300,000 1321 156 R6 300,001 to 350,000 857 160 R7 350,001 to 400,000 714 170 R8 400,001 to 450,000 289 155 R9 450,001 to 500,000 155 175 R10 500,001 to 550,000 83 169 R11 550,001 to 600,000 68 178 R12 600,001 to 650,000 62 211 R13 650,001 to 700,000 38 146 R14 700,001 to 750,000 18 192 R15 750,001 to 800,000 25 206 For the 6744 listings: For the 1042 Sold listings: Average List Price $281,534.00 Average Sold Price $240,998.00 Median List Price $264,900.00 Median Sold Price $230,000.00 Highest List Price $800,000.00 Highest Sold Price $765,000.00 Lowest List Price $1.00 Lowest Sold Price $52,000.00 List Volume $1,898,666,000.00 Sales Volume $251,121,100.00 Avg. Days On Market 157 Avg. Days On Market 131

 There are many beautiful homes in Farmington Hills and Farmington Michigan.  You can find beautiful Historic Victorian homes, ranches, bugalow, large lots, and gorgeous newer colonials.  Farmington and Farmington Hills have a home style for almost any family.

 My quote of the day is:

What a pity human beings can’t exchange problems.  Everyone knows exactly how to solve the other fellow’s.  ~Olin Miller

Jose Cansecos 2.5 Million dollar L.A. home is being foreclosed on!

It doesnt matter if the house is worth a lot of money or the owner is perceived to be ‘rich’  There are many $500,000 + Metro Detroit homes that are being foreclosed on too!

• There are 32 Wayne County Foreclosed Homes over $500,000
• There are 145 Oakland County Foreclosed Homes over $500,000
• There are 7 Macomb County Foreclosed Homes over $500,000
• There are 4 Washtenaw County Foreclosed Homes over $500,000

The above information is gathered from foreclosed, as is, relocation owned properties that are listed on the MLS as of 5/2/08.

There are many great deals in Metro Detroit Real estate on foreclosures right now.  Some need work and other are ‘move in’ condition.  The key is to have the Metro Detroit Foreclosed home inspected and then compare the prices to other recent sold homes in the area.  That way you can find out whether you are getting a deal on the homes.  Search Metro Detroit homes for sale by clicking on the search for homes buttons above or email me for a list of Metro Detroit foreclosed homes in your area.  You can email me at info@RussRavary.com be sure to include the cities you are interested in, the price range, and what you would like in the house in terms of bedrooms, bathrooms, garage, basement. 

For more on Michigan foreclosures go to the foreclosure section on the side here or go to my other website www.RussRavary.com