Real Estate Market – Signs of Improvement
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We hope that 2012 is off to a good start for you.
Our real estate reports are sent out to keep you informed about Real Estate in Clarkston, North Oakland County communities, and beyond.
Contact us at any time for specific questions regarding your homes’ value, investment opportunities, and general real estate advise.
Meet us in Michigan!
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Market Update
Dan Elsea, President of Real Estate One, Brokerage Services – Monthly Market Update sent to his team of Realtors.
Dan’s December Market Update |
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Homes Sold in Clarkston
4th Quarter Report
This report includes Clarkston Homes Sold in the 4th Quarter of 2011. Note the Sold Prices vs the List Price. Homes priced right sold faster and closer to List Price. We noticed an increase in first time home buyers who recognize that buying vs. renting can create monthly savings. While the prices for homes and mortgages remain affordable for buyers, the lower inventories also means…….
NOW is the right time if you are considering selling. |
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Rent vs. Buy
 Foreclosure, Deed in Lieu, Bankruptcy , and Short Sales caused many people to rent homes while they repair their credit scores to an acceptable score that will qualify them for a mortgage.
It has been just the past couple of years that rental rates have sky rocketed while home affordability is now in reach for anybody who has the credit score and employment to qualify.
Rent vs Buy Calculator |
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Absorption Rates
Supply and Demand
Many price ranges in North Oakland County are seeing their lowest supply of homes since 2005. Due to increased consumer confidence and historical low interest rates, real estate sales are on the rise. We had several home buyers up against multiple offers in the last quarter of 2011. See the various township reports below.
3-5 Months Supply or Less = Seller’s Market
6 Months Supply = Balanced Market
6+ Months Supply = Buyer’s Market |
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Meet us in Michigan or Visit us in Florida
Kay Pearson or Robin Cutler
Max Broock – Real Estate One
31 S. Main Street Clarkston, MI 48346Kay Pearson - Keyes Real Estate
4417 NE Ocean Bouldevard
Jensen Beach, FL 34957
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If your home is currently listed with another real estate broker or if you have an exclusive buyer agency agreement with another real estate broker, please disregard this as it is never our intent to solicit the offerings of other real estate brokers and real estate professionals.
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Real Estate Sales Down and Up in North Oakland County
July 25, 2011, 10:40 pm
Filed under:
Absorption Rates,
Clarkston Home Sales,
Clarkston Market Report,
Clarkston Real Estate,
Clarkston Realtor,
Holly Real Estate,
House Sales in Waterford,
North Oakland County Homes Sales,
Waterford Market Report,
Waterford Real Estate Sales SALES PRICES ARE UP! 
NUMBER OF HOMES SOLD IS DOWN!
Down and UP at the same time? Yes it is. Our recent review and market reports reveal that our average sales prices are inching their way up while the lack of inventory is causing us to have fewer sales.
Printable View of the Sales Comparison Report
It does require a bit of analytical review to realize why your Realtor may
be short on energy and why you, if you are a buyer, are all fed up with
with looking for that dream home.
Our Absorption Rates reveal that it is a “Seller’s Market” in several areas and price brackets.
Clarkston Absorption Rates
Brandon Absorption Rates
Holly Absorption Rate
Lake Orion Absorption Rate
Waterford Absorption Rate
This market condition brings a new set of challenges for buyers and sellers.
Contact us if we can provide you information related to your real estate circumstances.
Printable View of the Sales Comparison Report
