Detroit Real Estate

In the past year 30 homes in Island Lakes subdivision (Novi, Michigan) have sold. On average they were on the market for 95 days. These Island Lakes subdivision homes ranged from 3000 square feet to 5100 square feet. They were mostly colonial style homes.

 Island Lakes subdivision has a 170 acre lake, community club house with fitness center, pool, tennis club, and nature trials. The Island Lakes subdivision is located between 10 Mile and Grand River and between Wixom and Napier Roads.

Photo	Price	Address City	Bed Bath Style Sq.Ft.	Exterior Basement Garage Size Lot Size/Acres	Year Built Summer Tax Winter Tax School Dist.
	$2,850	25574 DOGWOOD LN NOVI	4 2.1 COLONIAL 3,024	BRICK 3 CAR 104X117X178X178/0	2002 7,579 2,679 NOVI
	$3,000	25490 DOGWOOD LN NOVI	4 3.1 COLONIAL 3,604	BRICK, WOOD UNFINISHED 3 CAR 100X100X160X160/0	2004 7,081 1,317 NOVI
	$3,150	24407 BELLINGHAM DR NOVI	4 2.1 COLONIAL 3,378	BRICK FINISHED 3 CAR 81X134X161X161/0.39	2005 7,791 1,267 NOVI
	$3,200	50864 CHESAPEAKE DR NOVI	4 3.2 COLONIAL 4,007	BRICK, WOOD UNFINISHED, WALKOUT 3 CAR 95X100X155X150/0	2005 10,928 3,692 NOVI
	$370,000	24974 ACORN TRL NOVI	4 2.1 COLONIAL 2,968	BRICK UNFINISHED, WALKOUT 3 CAR 86X200/0	2003 6,261 1,255 NOVI
	$375,000	24990 ACORN TRL NOVI	4 3.1 CAPE COD 3,419	BRICK 3 CAR 96X168/0	2004 8,748 3,232 NOVI
	$420,000	25571 HILLSDALE DR NOVI	4 2.1 COLONIAL 3,519	BRICK, OTHER UNFINISHED 3 CAR 96 X 160/0	2002 7,974 1,441 NOVI
	$430,000	25884 NW SHORELINE NOVI	4 4.1 COLONIAL 3,781	BRICK, VINYL FINISHED 3 CAR 104X98X175X175/0	2003 11,392 3,642 NOVI
	$435,000	24514 TERRA DEL MAR DR NOVI	4 3.1 COLONIAL 3,400	BRICK FINISHED, WALKOUT 3 CAR 94X100X155X147/0.34	2004 10,822 1,371 NOVI
	$465,000	24251 SAYBROOK CT NOVI	4 3.1 COLONIAL 3,849	BRICK UNFINISHED 3 CAR 9999/0	2007 8,860 1,465 NOVI
	$475,000	50638 BILLENCA DR NOVI	4 3.1 COLONIAL 3,359	BRICK, OTHER 3 CAR 58 X 165 X 145 X 138/0	2005 7,717 1,209 NOVI
	$480,000	50572 LANGLEY DR NOVI	5 4.2 COLONIAL 3,549	BRICK, OTHER FINISHED, WALKOUT 3 CAR 87X175/0	2004 11,014 1,395 NOVI
	$485,000	50564 LANGLEY DR NOVI	4 3.1 COLONIAL 3,475	BRICK, WOOD UNFINISHED, WALKOUT 3 CAR 85X85X170X170/0	2004 8,096 1,267 NOVI
	$485,000	24688 NEPAVINE DR NOVI	4 3.1 COLONIAL 3,350	BRICK, OTHER UNFINISHED 3 CAR 999999/999	2010 999,999 999,999 NOVI
	$485,000	26517 ANCHORAGE CT NOVI	4 4.1 COLONIAL 4,000	BRICK FINISHED 3 CAR 999999/0	2001 8,233 1,650 NOVI
	$499,900	25599 HILLSDALE DR NOVI	6 4.1 COLONIAL 3,537	BRICK, OTHER FINISHED, DAYLIGHT 3 CAR 96 X 160/0.35	2002 7,513 1,542 NOVI
	$522,000	26487 GLENWOOD DR NOVI	4 3.1 COLONIAL 4,041	BRICK, ALUMINUM UNFINISHED 3 CAR 138 X 145/0	2005 8,793 1,761 NOVI
	$530,000	24707 NEPAVINE DR NOVI	4 2.1 COLONIAL 3,660	BRICK, OTHER UNFINISHED 3 CAR 60 X 155 X 107.5/0	2010 513 165 NOVI
	$535,000	26548 GLENWOOD DR NOVI	5 3.1 COLONIAL 4,003	BRICK, WOOD UNFINISHED, DAYLIGHT 3 CAR 118X145X131X142/0	2002 7,417 1,487 NOVI
	$550,000	24386 SAYBROOK CT NOVI	4 4.1 COLONIAL 3,517	BRICK PART FIN , WALKOUT 3 CAR 9999/0	2007 8,898 1,471 NOVI
	$580,000	24936 HADLOCK DR NOVI	4 3.2 COLONIAL 4,789	BRICK 3 CAR IRR/0	2006 10,982 2,179 NOVI
	$592,000	50297 DRAKES BAY DR NOVI	4 3.1 COLONIAL 4,151	BRICK, OTHER UNFINISHED 3 CAR 105X160/0	2004 8,749 1,423 NOVI
	$610,000	50767 DRAKES BAY DR NOVI	4 3.1 COLONIAL 4,070	BRICK, OTHER UNFINISHED, DAYLIGHT 3 CAR 184X275X21X273/0.5	2005 9,178 1,493 NOVI
	$640,000	49720 TIMBER TRL NOVI	5 3.1 COLONIAL 4,903	BRICK, WOOD PART FIN 3 CAR TBD/0	2003 10,903 2,274 NOVI
	$645,000	26548 ANCHORAGE CT NOVI	5 5.2 COLONIAL 5,112	BRICK, OTHER FINISHED, WALKOUT 3 CAR 120X150/0.41	2001 9,550 1,920 NOVI
	$665,000	50861 DRAKES BAY DR NOVI	4 3.1 COLONIAL 4,351	BRICK, WOOD UNFINISHED, WALKOUT 3 CAR 115X144X191X193/0	2005 9,627 1,566 NOVI
	$670,000	50945 CHESAPEAKE NOVI	5 4.1 COLONIAL 5,546	BRICK, WOOD FINISHED, WALKOUT 3 CAR 91X150X102X183/0	2007 11,817 1,922 NOVI
	$951,000	25843 SHORELINE DR NOVI	5 4.2 COLONIAL 5,069	BRICK UNFINISHED, WALKOUT 4 CAR 169X370/0	2005 20,097 7,122 NOVI
	$1,000,000	25675 SHORELINE DR NOVI	4 4.1 COLONIAL 4,768	BRICK, STONE FINISHED, WALKOUT 3 CAR 197X190X182X291/1.06	2005 18,074 3,624 NOVI
	$1,040,000	49988 DRAKES BAY DR NOVI	4 3.1 COLONIAL 5,100	BRICK UNFINISHED, WALKOUT 4 CAR 1.3 ACRES/1.3	2004 15,147 1,870 NOVI

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

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 Currently, there are 5 homes for sale in the Bellagio subdivision (Novi, Michigan). On average they have been on the market for 105 days. These Bellagio subdivision homes range from 5000 square feet to 7000 square feet. They are mostly colonial style homes.

The location of the Bellagio subdivision is between 8 and 9 mile roads and between Novi and Ridge Roads. The Bellagio subdivision sits on 73 acres with a 4 acre central park, gazebo, and walking paths. 

Photo	Price	Address City	Bed Bath Style Sq.Ft.	Exterior Basement Garage Size Lot Size/Acres	Year Built Summer Tax Winter Tax School Dist.
	$1,399,900	48035 BELLAGIO CT NOVI	4 4.2 COLONIAL 5,196	BRICK, STONE FINISHED, DAYLIGHT 4 CAR IRREGULAR/1	2004 15,735 1,511 NORTHVILLE
	$1,450,000	47945 RAVELLO CT NOVI	4 4.2 CAPE COD 5,000	BRICK, OTHER UNFINISHED 4 CAR 139X160X235X232/0	2001 13,098 1,257 NORTHVILLE
	$1,495,000	47555 BELLAGIO DR NOVI	5 3.2 COLONIAL 5,300	BRICK, STONE UNFINISHED, WALKOUT 4 CAR 165X257/0	2003 13,447 1,336 NORTHVILLE
	$1,495,000	47685 BELLAGIO DR NOVI	5 6.2 COLONIAL 5,497	BRICK, STONE FINISHED, WALKOUT 4 CAR 132 X 277/0.9	2003 15,913 1,581 NORTHVILLE
	$1,599,900 ACTV	48085 RAVELLO CT NOVI	6 7.1 COLONIAL 6,964	BRICK FINISHED, WALKOUT 4 CAR 107X253X288X167/1.1	2001 16,326 1,622 NORTHVILLE

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

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

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Currently there are only 6 Northville foreclosures for sale.  These six Northville foreclosureshave only been on the market an average of 60 days.  Northville consistently has a lower number of foreclosuresthat the surrounding cities of Livonia, Plymouth, Novi, and Farmington Hills.

Photo	Price	Address City	Bed Bath Style Sq.Ft.	Exterior Basement Garage Size Lot Size/Acres	Year Built Summer Tax Winter Tax School Dist.
	$62,500	15748 MAXWELL AVE NORTHVILLE TWP	2 1 RANCH 1,210	VINYL NO GARAGE 55X130/0	1956 1,261 1,570 PLYMOUTH CANTON
	$99,900	16908 FRANKLIN RD NORTHVILLE TWP	3 1.1 COLONIAL 1,744	ALUMINUM UNFINISHED NO GARAGE 45X201/0	1945 2,008 1,647 NORTHVILLE
	$119,900	17373 RIDGE RD NORTHVILLE TWP	3 1 RANCH 1,262	VINYL 2 CAR 2 ACRES/0	1928 1,150 775 NORTHVILLE
	$124,900	15875 PARK LN NORTHVILLE TWP	4 2.1 COLONIAL 2,508	BRICK, CEDAR UNFINISHED 2 CAR 85 X 222/0	1971 3,645 2,014 PLYMOUTH CANTON
	$219,000 ACTV 210119360 RS	47237 BATTLEFORD LN NORTHVILLE	4 2.1 OTHER 2,524	WOOD 2 CAR 165X144/0	1968 3,858 438 NORTHVILLE
	$514,900	46777 7 MILE RD NORTHVILLE TWP	5 3.2 CAPE COD 4,615	BRICK, OTHER FINISHED, WALKOUT 3 CAR IRREG/1.32	1980 8,103 6,484 NORTHVILLE

This Northville foreclosure list was current on January 13, 2011.   If you would like to see any of these homes give me a call or email me.

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I hope Detroit MI real estate continues to go up in 2011 as it did in 2010.  Not to say that the City of Detroit doesn't have issues in terms of vacant, abandoned buildings.  Some are stripped of anything of value, some have become dump sites, and some have been set fire too.   

But in 2010 the average home sales price did go up.  In 2009 the average sales price was only $11,318.00 and in 2010 the average sales price increased to $14,431.00.  Which is a little better.  Itis much harder to find the absolute steals of homes under $7,000.  Now you would have to pay closer to $10,000 to get a nice home.  Investors have flocked to buy the cheap rental homes. 

Though many rental homes still sit vacant.  Many City of Detroit residents have migrated to the suburbs to rent the many homes that home owners can't sell because they are upside down.

Owning and renting Detroit real estate is still hard.  You have to be a good landlord and stay on top of the home being vacant.  Theives are still stealing the copper, furnaces, and hot water tanks out of vacant homes so you most likely would have to replace them.

Even the average days on the market has gone down a little.  In 2009 it was 81 days now it is 70 days.  Of course Detroit home prices can not rise dramatically because any bank loaning in Detroit is going to look hard at the appraisal.  So there can't be any dramatic rise in prices if a bank is involved. 

Of course this information is only homes that have been sold through the MLS.  For Sale by owners are not included in this data.

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Information provided courtesy of RealComp II Ltd.