Washington Township, MI Real Estate News

By Maryann Kepreos, The Key to All Your Real Estate Needs
(Realty Executives Home Towne)
 Spring has sprung in Macomb Michigan and you are trying to sell your house. Due to family reasons, job changes or economic reasons you are faced with a home to sell.  How can you be successful and complete the sale in a decent time frame?  The following is a list of 7 easy steps to get your home in Top-Block condition.1. De-Clutter-   I know that you are thinking "What should I do with all my stuff?"  Well, the answer is simple.  Get rid of it, give it away, or store it at a family or friends house.  You are moving!!  If it is in the next couple of weeks, or the next couple of months, start packing.   Buyers want to see empty closets.  Buyers do not care about your junk, they are sizing up your home to see if their junk will fit.  Make 3 piles; keep, give away, or throw away.  You wil...
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By Maryann Kepreos, The Key to All Your Real Estate Needs
(Realty Executives Home Towne)
To all my neighbors in Washington Township, the bridge at 26 Mile Rd. and M-53 will be closed this weekend.  As previously reported, construction will start at 11:00 P.M. on Friday and end at 5 A.M. on Monday for the bridge being closed.  This is just the beginning friends, the project will take till approx. September.  If we are lucky.  Start re-thinking your travels plans to and from work.  My family has talked about it for the last week.  I am sure that my husband, son and myself will end up stuck in traffic forgetting all the warnings.  Plan ahead for delays.   
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By Maryann Kepreos, The Key to All Your Real Estate Needs
(Realty Executives Home Towne)
Washington Township Real Estate Market Report for the Month of February 2009 This report contains information for Feb 1, 2009-March 1, 2009.  This report does not contain information on For Sale by Owners, or Sales not Report to the local real estate boards. *12 Sold Homes with a total average of 197 days on the market. Total average sale price of $244,931.  Out of 12 sold homes, 9 were foreclosed properties. *4 Sold Condo with a total average of 109 days on the market.  Total average sale price of $38,874.  Out of 4 sold condos, 2 were foreclosed properties. The market continues to look bleak in Washington Twp. with sold foreclosures continuing to drive property values down.  I am a resident of Washington and I am sorry to report this news.  I can always be reached for questions, comme...
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By Maryann Kepreos, The Key to All Your Real Estate Needs
(Realty Executives Home Towne)
To all Washington Township, MI residents- There will be a open house at the Washington Twp. Center on 2/26/09 between 4:00-7:00 P.M. with DOT.  They will discussing the upcoming construction at 26 Mile Rd. and M-53 Bridge.  Bring your comments, concerns and questions for the professionals.  The construction will be starting in the spring.  I am a proud resident of Washington Twp. and am not looking forward to the headaches.  The traffic in front of Meijers and Target is at a all time high.  This is the time to voice your opinions and get answers.  What do you think? 
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When the media reports on the US real estate market, does the report accurately reflect your area? Does the media tell the Real Story? Let's take a look at the Tale of 2 Condos. Back in November of 2003 we purchased a 2 bedroom condo in Washington Township, MI. At the time the condos in the complex were selling between $120,000 - $125,000. However, since we purchased a HUD foreclosure we only paid $105,000. Then a few months later in May of 2004 while on vacation in Florida, we found another HUD foreclosure in Lake Suzy, FL. This was also a 2 bedroom condo only we paid $57,000 for this one but at the time the condos were selling between $70,000 - 75,000. Now mind you both condos were experiencing a minimal growth rate for several years and both units were comparable for the area. Then a...
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  HOMES for SALE 178 homes are currently on the the market 162 are private sellers 10 of those are short sales 16 are bank owned 28 homes are pending a closing 10 homes have closed in the past 30 days 40% of those were bank owned   CONDOS for SALE 51 condos are currently on the the market 47 are private sellers 4 of those are short sales 4 are bank owned 4 condos are pending a closing 0 condos have closed in the past 30 days 0% of those were bank owned   As you can see regardless of what you hear from the media homes and condos are still selling. In fact, sales are up from three months ago.  
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Below is the Real Estate market update for Washington Township as of Today. 208 - Homes are currently for sale 55 - Condos are currently for sale of those 95% are private owners and 5% are bank owned 35 - Homes and Condos are currently pending a closing 26 - Home and Condos were sold over the past 30 days It should also be noted that of the 263 homes and condos for sale 10 are short sales. As real estate agents we use this data to help you determine how long it will take for your home to sell. It is referred to as absorption rate Currently in Washington Township the rate is 11.5 months. However, to speed up the process our sellers are given bi weekly updates and are e-mailed a daily status report, that details not only the homes hitting the market but also the homes that have sold. Thes...
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