Market Updates

Residential Real Estate Statistics for Selected
Cities in Oakland County Michigan

June 2011 Compared to June 2010
Information Source: June 2011 Metropolitan REALTOR®

OAKLAND COUNTY

SALES

MEDIAN SALE PRICE

BERKLEY

-19.0%

-23.0%

BEVERLY HILLS

-6.0%

+3.0%

BIRMINGHAM

-21.0%

+28.0%

BLOOMFIELD HILL

+75.0%

-22.0%

BLOOMFIELD TWP.

+9.0%

-14.0%

FERNDALE

+29.0%

-35.0%

ROYAL OAK

-23.0%

-18.0%

SOUTHFIELD

+3.0%

-25.0%

TROY

-20.0%

-9.0%

Summary:

These numbers were mixed.  On the positive side, although sales are down in Beverly Hills and Birmingham, and most other areas, listings are down and prices have increased in both areas.

Good housing supply is dropping and eventually will meet current demand to cash price stabilization.

Don’t miss out!  If you are considering buying, you can view the homes that I have listed or search the Multiple Listing Service, yourself, 24/7 on my website.

If you already own a home and want a FREE Market Analysis or to lower your property taxes, call me for a free consultation at (248) 514-2640.

Learn how these Statistics Affect YOU!

BUYERS:

  • It’s still a great time to buy but time is running out!
  • Interest rates are still low but how much longer will they stay this low?
  • There are less homes to select from
  • There are still some good deals out there

SELLERS:

  • If you are having problems with your mortgage, I may be able to help with a bank approved Short Sale
  • It’s still possible to sell your home and values appear to be stabilizing
  • Homes that are Priced Right and in Good Condition will sell faster
  • I’ll help you net the Most Money from the sale of your home
  • You need aggressive marketing to get the exposure for your home
  • Utilize my 30-Day Marketing Plan… I sell 90% of the homes I list

ACT NOW:
It’s particularly important for you to hire the best REALTOR® to handle your Southeast Michigan real estate transaction. I’m not your typical REALTOR®…I’m unique. Besides being a REALTOR®, I’ve been a real estate lawyer since 1986.  Whether you’re buying or selling, I’m highly qualified to guide you through any real estate transaction. Fill out the form below for more information about how these statistics personally affect you. I’m always happy to answer any questions.

Are you ready to buy or sell Southeast Michigan real estate in Oakland County?  If you want to talk or need more information, call the Michigan Real Estate Expert, Lee Morof, at (248) 514-2640 or contact me now!

Lee Morof
Associate Broker/Attorney
RE/MAX Showcase Homes
Birmingham, Michigan
www.NorthWoodwardHomes.com
info@NorthWoodwardHomes.com
Call:  (248) 514-2640