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Sylvan Lake, MI Real Estate News

By Jackie Hawley, Southeast Michigan Real Estate
(Coldwell Banker Professionals)
Sylvan Lake Otter Lake Lakefront Home Sales Real Estate Sales Median sales price on all sports Sylvan and Otter Lakes is up 31% from last year. Average sales price on Sylvan and Otter Lakes is up 26% from last year. So far this year there have been 8 more sales on Sylvan and Otter Lakes than all of 2011. Distressed sales are down. Way down. In 2011 distressed sales (foreclosures and short sales) made up 47% of all sales on Sylvan and Otter Lake. So far in 2012 there have only been 3 distressed sales on Sylvan and Otter Lake or 13% of lake sales. Unit Sales: 2011- 152012- 23 Average Sale Price: 2011- $251,1572012- $337,604 Median Sale Price: 2011- $202,5002012- $295,000 Sales Volume: 2011- $3,767,3522012- $7,764,900 Foreclosures (units): 2011- 52012- 3 Short Sales (units): 2011- 22012- 0...
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By Jackie Hawley, Southeast Michigan Real Estate
(Coldwell Banker Professionals)
Sylvan and Otter Lakes Lakefront Real Estate SalesSylvan Otter Lake is a 530 acre all sports lake located in Waterford and West Bloomfield Townships and the Village of Sylvan Lake- south of Highland Rd (M-59), north of Orchard Lake Rd, east of Cass Lake Rd and west of Telegraph. Weed control is taken care of by the Sylvan Otter Lake Association. There is a state licensed water ski course on the south side of Otter Lake running along the edge of the swamp. Oakland County Boat Club is a private not for profit social club and marina located in Sylvan Lake since 1912 and is usually in charge of the Fourth of July fireworks. Sylvan Otter Lake Association Oakland County Boat Club Sales for lakefront home sales in 2012, so far, have been much improved. Unit sales are up from 2011, average and ...
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By Jackie Hawley, Southeast Michigan Real Estate
(Coldwell Banker Professionals)
Sylvan Lake Lakefront Home Sales- Prices on the Rise Median sales price on all sports Sylvan and Otter Lakes is up 32% from last year. Average sales price on Sylvan and Otter Lakes is up 29% from last year. So far this year there have been 5 more sales on Sylvan and Otter Lakes than all of 2011. Distressed sales are down. Way down. In 2011 distressed sales (foreclosures and short sales) made up 47% of all sales on Sylvan and Otter Lake. So far in 2012 there have only been 2 distressed sales on Sylvan and Otter Lake or 10% of lake sales. Unit Sales: 2011- 152012- 20 Average Sale Price: 2011- $251,1572012- $353,875 Median Sale Price: 2011- $202,5002012- $295,500 Sales Volume: 2011- $3,767,3522012- $7,077,500 Foreclosures (units): 2011- 52012- 2 Short Sales (units): 2011- 22012- 0 There ar...
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By Russ Ravary ~ Metro Detroit Realtor call (248) 310-6239, Michigan homes for sale ~ yesmyrealtor@gmail.com
(Real Estate One)
Here are the three Sylvan Lake homes that have sold in the last year as of 9/12/2012. They were on the market an average of 86 days. The price per square foot for these Sylvan lake homes were ranging from $177 to $261.     Sylvan Lake homes     ADDRESS LIST PRICE SALE PRICE SP PER SQFT DOM SQ FT BED BATHS WATER NAME 959 JAMES K BLVD 329000 286000 177.5294 40 1611 3 3 SYLVAN LAKE 2640 GARLAND ST 489900 480000 179.4392 63 2675 4 3.1 SYLVAN LAKE 1549 LAKEVIEW 549000 549000 261.4285 40 2100 3 2 SYLVAN LAKE   Currently there are no Sylvan Lake homes for sale as of 9/12/2012.  This should give you an idea of what to expect for lake home prices on Sylvan Lake in 2012.  If you are interested in any lake homes for sale please give me a call on my cell (313) 310-9855 or email me at yesmyrealtor@g...
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By Jackie Hawley, Southeast Michigan Real Estate
(Coldwell Banker Professionals)
Sylvan and Otter Lakes Lakefront Real Estate Sales Sylvan Otter Lake is a 530 acre all sports lake located in Waterford and West Bloomfield Townships and the Village of Sylvan Lake- south of Highland Rd (M-59), north of Orchard Lake Rd, east of Cass Lake Rd and west of Telegraph. Weed control is taken care of by the Sylvan Otter Lake Association. There is a state licensed water ski course on the south side of Otter Lake running along the edge of the swamp. Oakland County Boat Club is a private not for profit social club and marina located in Sylvan Lake since 1912 and is usually in charge of the Fourth of July fireworks.   Sylvan Otter Lake Association Oakland County Boat Club Sales for lakefront homes in 2010 were pretty brisk- 15 closings as opposed to 8 closing in 2009. Prices in 200...
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