Commerce Township, MI Real Estate News

By Russ Ravary ~ Metro Detroit Realtor call (248) 310-6239, Michigan homes for sale ~ yesmyrealtor@gmail.com
(Real Estate One)
If you want to get into buying Metro Detroit foreclosed homesfor investment purposes then one of the first places you want to start is by joining Metro Detroit's premier real estate investment association.  REIA of Oakland County is a great place to learn and meet fellow real estate investors. They have monthly meetings and this month's meeting is going to be chaulk full of information on buying Wayne County foreclosures and Oakland County foreclosures.  Here is the time, date, and general information COMING October 9th, 2008 Foreclosure Realtors Panel Some of the areas top real estate agents specializing in listing foreclosures will be answering your questions regarding how to buy Metro Detroit foreclosed homesfrom banks and mortgage companies.  They are the experts at listing and sell...
Comments 0
By Russ Ravary ~ Metro Detroit Realtor call (248) 310-6239, Michigan homes for sale ~ yesmyrealtor@gmail.com
(Real Estate One)
Lake Sherwood There are 627 homes on Lake Sherwood in Commerce Township. The homes are ranches, split levels, colonials, and cape cods. The lake is a man made lake. Lake Sherwood is an all-sports lake. The homes were built between 1958 to 1998. Square footage of the homes range from 1400 - 5100. The homes have: 2 + car garages 3-5 Bedrooms 2.1 + bathrooms Basements. (some walkout) Exterior of the homes are brick, cedar, brick/vinyl, brick/wood The streets near and around Lake Sherwood are: Sandbar Dr                  Ravinwood Dr Deerwood Dr                Commerce Rd Tiquewood Cir              Surfwood Dr Pikewood Ct                Trentwood Dr Windwood Ct               Leafwood Dr Driftwood Dr                Tamwood Ct Oakwood Ct                Barbwood Ct Raftwood Dr                W...
Comments 2
News Release from the National Reverse Mortgage Lenders Association May 10, 2001 FOR IMMEDIATE RELEASE Contact: Glenn Petherick, Director of Communications, NRMLA, 202-939-1753 Reposted by Ted Lewicki of Pillar Financial Corporation Seniors Discover New Health Care Financing Options in Reverse Mortgages - Free, New Consumer Guide Available - Washington, DC - Paying for health care has become an important issue for older Americans and their adult children. As medical costs continue to rise for prescription drugs, in-home care, and physical rehabilitation, seniors are having to shoulder a larger share of the financial burden or turn to their children for help. Fortunately, many seniors are discovering a relatively new solution for covering health care costs. It's a reverse mortgage, a uni...
Comments 0
By Russ Ravary ~ Metro Detroit Realtor call (248) 310-6239, Michigan homes for sale ~ yesmyrealtor@gmail.com
(Real Estate One)
I received a referral from Missy Caulk this week.  (Thanks Missy)  The couple was from California and wanted to buy a lake house in Michigan near Metro Detroit.  We have many great all -sports lakes near Metro Detroit.  There is Walled Lake, Wolverine Lake, Lake Sherwood, and White Lake. We saw quite a few nice Michigan lake homes in the $200,000 - $400,000.  It was a beautiful day.  The sun was shining, the weather was great for looking at Metro Detroit Lake homes.  We saw an old cottage that had a Michigan basement.  We saw another that the people were in trouble and we having to sell the lake home as a short sale.  We saw several on Walled Lake, but the clients liked Wolverine Lake homes better.  The clients did get a little nervous after talking to a homeowner.  The homeowner actual...
Comments 3
By Russ Ravary ~ Metro Detroit Realtor call (248) 310-6239, Michigan homes for sale ~ yesmyrealtor@gmail.com
(Real Estate One)
COMMERCE TWP MI REAL ESTATE INFORMATION Here are some graphs and tables that show average time on the market, how long Commerce Township sold homes took to sell.  They also tell the average Median sales price. If you want more information than what is below email me at info@RussRavary.com  or go to my websites www.RussRavary.com or www.DetroitMichiganRealEstateHomes.com to Search Commerce Township homes for sale Commerce Twp Home Price Statistics Num of Listings   180   135 90 45   0      R1   R2   R3   R4   R5   R6   R7   R8   R9   R10   R11   Price Range Commerce Township real estate Price Statistics Legend Range Name Price Range Number of Listings Days on Market         R1 50000 to 100000 63 137 R2 100001 to 150000 156 181 R3 150001 to 200000 176 215 R4 200001 to 250000 161 192 R5 25...
Comments 0
By Kathy Ulman
(Heritage GMAC Real Estate)
Lease/Lease Option to Purchase! 1300 square foot ranch with 600 feet finished in basement. Move in  Ready!  3 bedrooms,  2 1/2  baths,  2 car att. gar. and all sports lake access!  Lease $1,500.00/month.
Comments 1
By Ann Byer, Ann Byer Homes
(Real Living Metro Real Estate)
     Is it a good time to buy?  You better believe it and not only because home prices are flat or because sellers are willing to negotiate but because no one can predict what the mortgage market will look like "later". Now is full of knowns where later is full of unknowns with all the restrictions taking place.       Mortgage markets are seizing and lenders have no choice but to limit what they will lend and to whom. Lender are going overboard with all their restrictions and changes in guidelines it makes it very difficult for a Realtor to sell a home these days but what is worse is getting that message to the buyers.  For some time now all I ever hear is it hasn't bottomed out yet I think I will wait until it does and not realizing what is about to hit them soon into the future.  If t...
Comments 3
By Gary Smith
(Agent Marketing Today)
Commerce Township Michigan 2007 Home SalesPrice Statistics Legend of Sold Homes**For the 299 listings:For the 299 Sold listings:Average List Price$272,507.00Average Sold Price$248,155.00Median List Price $259,900.00Median Sold Price $240,000.00Highest List Price$740,500.00Highest Sold Price$670,000.00Lowest List Price$52,800.00Lowest Sold Price$1.00Average Days on Market 143 Days ** Information based upon a search of Commerce Twp on Realcomp II LTD Multiple Listing Service, January 6, 2008. Information from all homes listed and sold by all real estate companies. Corrected 1/8/2007Breaking down home sales for 2007 within Commerce and Commerce Twp Michigan: Of these sales 216 homes were not lakefront properties. Many homes in Commerce have lake privileges. 83 homes were waterfront homes w...
Comments 9
 Some links temporarily disabled 9/16/2007 According to Realcomp II Ltd records, there were 152 homes sold in Commerce Township, 48390 from January 1, 2007 through July 15, 2007. This compares to 158 homes sold during the same period in 2006. Note: Information from Realcomp II was for all homes listed and sold by all real estate companies for the period described above.Commerce Township does not include Walled Lake or Wolverine Lake Village areas.The average sale price for home sold in 2007 decreased significantly to $264,883 as compared to $310,551 in 2006. There was also a 38 percent increase in the average time homes were on the market in 2007. Average market time increased to 145.05 days from 105.15 days.Waterfront property (lakefront, riverfront, and canal front homes) average sale...
Comments 2
Some Links temporarily disabled 9/16/2007 There are Four Factors that affect the sale of any home. Those Four Factors, illustrated to the right, determine: How Fast Your Home SellsHow Much Money You ReceiveIf, Your Home Sells At AllNot all agents take the promotion of your home seriously. And, in certain markets they don't have to. For instance, there are professionals that follow what I call the Use-Less Marketing Service and promotion technique. This technique, like the name implies uses less marketing services to sell your home. Agents using this technique basically will pound a sign in your lawn, place the home in the Multiple Listing Service (MLS), put an ad in the paper, and pray it will sell. In some markets, this technique works extremely well especially in a sellers market wher...
Comments 2
By Gary Smith
(Agent Marketing Today)
I performed a search June, 4, 2007 of all homes sold in Commerce Township, Michigan on Realcomp II Multiple Listing Service, The service indicated 132 total home sales Commerce Township by all Real Estate Companies. From homes listed and sold, all companies from January 1, 2007 through May 31, 2007 above $100,000. Data below is a compilation of several searches.Sales records were broken down from the following areas within Commerce Township.Walled Lake: 15 homes sold with an average final list price average of $166,327 and a sale price average of $163,002. Homes sold averaged 101.47 Time on Market from when they were initially placed into the system until the home status was changed to pending. Additional days may have been required before closing date on home.Wolverine Lake Village: 13...
Comments 0
Asperagus season is startin a Long's Farm.  Late last week, Long's Asperagus sign appeared and some asparagus was available. Most days they are selling out early. With some additional rain, this should improve. Watch for updates and prices in the next few days.  Updated May 13, 2008 May 10, 2008 I was finally able to get some asparagus today. Price this year is $1.60 per pound and there was a very long line to get asparagus at Longs Farm. Sunday's rain should have helped and may increase availability. Phone number for hotline is available in the Longs Farm link. Strawberries are in bloom with a few setting fruit at my home. June 6, 2007 Last week for asparagus. Strawberry information Here  At one time, Commerce Township Michigan was full of farm land. Over the years, farmers were unable...
Comments 6
By Gary Smith
(Agent Marketing Today)
The following information was obtained from Realcomp II (Multiple Listing Service) data for homes listed and sold through all real estate companies. Dates of records requested were from January 1, 2007 though April 30, 2007* Days on Market (DOM) refers to the number of days a home was actively for sale. Additional days may be required to complete each home sale.Home sale prices do not include any seller concessions. Actual home sale price may be lower.Total Homes sold 96 (There were 114 homes sold during same period for 2006)Walled Lake: There were 13 home sales in Walled Lake from $114,000 to $238,000. The average sale price (not including seller concessions) was $169,569. Average time on market was 109 days (DOM)*.Wolverine Lake Village: A total of 9 homes were sold in the first four ...
Comments 0
By Geralyn Heitchue
(Remerica United Realty)
Commerce Township Real EstateWe here at the Heitchue-Janssens Team continuously monitor real estate statistics to keep our clients informed and ahead of the real estate trends.  Below you will find Commerce Township real estate statistics for Month of May through the 10th, 2007.Number of homes entering escrow: 9Number of Homes closing escrow (solds): 12Number of homes expired:19Averages Days on Market Solds:136To find the value of your home with a free, over the net home evaluations please visit www.heitchue-janssensteam.com If you would like a free list of homes for sale in your area/neighborhood or more information about an area or would you like to be the first to know about hot new listings before other buyers do then give me a call at:  Geralyn HeitchueHeitchue-Janssens Team/Pruden...
Comments 1
By Gary Smith
(Agent Marketing Today)
 General Commerce Township InformationCommerce Township is the center of Oakland Counties "Lakes Area" The cities of Commerce, Union Lake, Walled Lake, and Wolverine Lake Village are incorporated within Commerce Township. This area has been under development since the 1990's and boasts two School Districts, Walled Lake Consolidated Schools and Huron Valley Schools. Additional information on these schools can be found at http://www.schoolmatters.com/Oakland County contains more than 60 lakes plus additional rivers and streams. Not all lakes have homes and some of the lakes border on State or protected lands within the Oakland County. The following lakes are located within Commerce Township. Bass Lake Carroll Lake Commerce Lake Fox Lake Lake Sherwood   home owners association website Long...
Comments 4
The following information was received this morning from the latest Bank of America Survey (April 5, 2007) of Real Estate agents in the Detroit Area. It is important to note that appraisals of new homes in the Detroit area continue to tighten up due to the increased number of foreclosures. This will also affect your homes value. Detroit, MI (7,355 single-family permits in 2006, 36th largest market in the country)Traffic remains well below agents' expectations. Our traffic index improved slightlyto 25.0 in March from 18.8 in February, but remains far short of a neutral reading of50. 65% of agents said traffic was below expectations, 21% said it was in-line withexpectations, and 14% said it exceeded their expectations.Pricing and incentives continue to worsen. Our price index fell to an e...
Comments 0
By Gary Smith
(Agent Marketing Today)
 As of 4:00 pm, April 2, 2007, 29 homes sold in Commerce Township. This are includes the Cities of Commerce, Walled Lake, and Wolverine Lake Village. Homes averaged 118 days on market (DOM). Realcomp II, LTD plans a system upgrade that will track the total time a home is on the market with ALL Realtors starting in May. Currently, Days on Market is only with the last real estate agent.  SOLD26182616 $125,000021711468 OAKSHADE ST 322/25/20071321416 SOLD27004478 $126,000021711830 PAYSON 312/7/2007331059SOLD26147555 $132,000021713192 BRISBANE ST 312/28/2007330900 SOLD27012313 $132,000021711146 DELTA RD 322/7/2007201750 SOLD27028430 $135,000021713265 CHAMBOURNE ST 313/1/2007771200 SOLD27023264 $137,000021711910 DAWN RIDGE RD 31.12/14/200781935 SOLD27013805 $152,00002171286 HARPHAM ST 313/20/...
Comments 0