The Macomb County Michigan Real Estate Blog

Shelby Township Michigan real estate residential market report for April 2009

Sun, 10 May 2009 09:19:07 -0400

Shelby Township Michigan real estate residential market report for April 2009

I have prepared a report of the home sales data in Shelby Township Michigan for the month of April 2009.

The information below is gathered from Mirealsource Multiple Listing Service and represents those homes sold by participating real estate brokers and agents and does not include data from private sources.

For the period of April 1, 2009 through April 30, 2009:

Total houses sold: 42

Total condos sold: 12

Average sales price for houses: $169,009

Average sales price for condos: $78,642

If you would like more detailed information in regards to the market value of your home in Shelby Township Michigan please don't hesitate to contact me either via phone or email.

www.LookForHomes.com

Macomb Township Michigan real estate residential market report for April 2009

Sun, 10 May 2009 09:14:25 -0400

Macomb Township Michigan real estate residential market report for April 2009

I have prepared a report of the home sales data in Macomb Township Michigan for the month of April 2009.

Total homes sold: 78

Total condos sold: 17

Average sales price for homes: $152,532

Average sales price for condos: $69,678

If you would like more detailed information in regards to the market value of your home in Macomb Township Michigan please don't hesitate to contact me either via phone or email.

www.LookForHomes.com

Macomb County Michigan real estate residential market report for April 2009

Sun, 10 May 2009 09:08:55 -0400

Macomb County Michigan real estate residential market report for April 2009

I have prepared a report of the home sales data in Macomb County Michigan for the month of April 2009.

Total homes sold: 733

Total condos sold: 173

Average sales price for homes: $81,510

Average sales price for condos: $49,766

If you would like more detailed information in regards to the market value of your home in Macomb County Michigan please don't hesitate to contact me either via phone or email.

www.LookForHomes.com

Macomb County Michigan foreclosures for sale, HUD properties, bank owned homes

Tue, 30 Sep 2008 15:29:03 -0400

Visit www.MacombForeclosures.com

Macomb County Michigan foreclosure HUD listings

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Complete foreclosure property information with addresses, photos and more!

Click to Search for foreclosures In Macomb County

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Macomb County REALTORS®

Fri, 01 Dec 2006 18:32:10 -0500

Macomb County Michigan is a great place to live, work and play! Macomb County Michigan offers 4 seasons of beauty. The housing is affordable and the quality of life is good! Now is a good time for home buyers to move up or into Macomb County Michigan. The sellers are motivated and the REALTORS® are eager to assist! Macomb County Michigan is located northeast of Detroit and offers quality schools, shopping and jobs. I am a lifelong Macomb County resident. Proud to be a property owner, business owner and taxpayer! Let's talk about all the good things happening in and around Macomb ....

Shelby Township Michigan real estate residential market report for July 2008

Wed, 13 Aug 2008 20:34:10 -0400

Shelby Township Michigan real estate residential market report for July 2008

I have prepared a report of the home sales data in Shelby Township Michigan for the month of July 2008.

Total houses sold: 53

Total condos sold: 16

Average sales price for houses: $205,120

Average sales price for condos: $75,681

If you would like more detailed information in regards to the market value of your home in Shelby Township Michigan please don't hesitate to contact me either via phone or email.

www.LookForHomes.com

Bank sales make up 45% of Macomb County sales in 2008

Wed, 14 Jan 2009 07:34:55 -0500

Fresh data provided by MiRealsource MLS, reports that bank owned real estate sales accounted for a whopping 45% of all real estate sold in Macomb County Michigan in 2008. This compares to only 27% in 2007.

Bank sales in December 2008, accounted for 55% of all sales compared to 37% in 2007. Not surprising is the fact that leases are increasing as well. They make up 11% of all transactions. As owners struggle to make ends meet, many are resorting to leasing their property. Some are successful, some still end up losing their property to foreclosure.

In 2008 the average sales price declined in Macomb County. The average sales price in December 2008 was $159,295, Compare that to December 2007 when the average sales price was $179,397.

To put these numbers into perspective, in April of 2005, the average sales price was $189,457. Bank sales only accounted for 8% of all sales. Leases were only 3% of all transactions.

So are we at "the bottom"? I believe that if we aren't, we are pretty close. Now is a great time to buy in Macomb County. Property values on average are what they were back in 1995-1996. It is a great time to move into a larger, newer home. Or if your current home is too large, I can assist you in finding a smaller less costly property.

If you would like more detailed information in regards to the market value of your home in Macomb County Michigan please don't hesitate to contact me either via phone or email.

www.LookForHomes.com

View the entire report

Macomb Township Michigan real estate residential market report for December 2008

Tue, 13 Jan 2009 20:51:46 -0500

Macomb Township Michigan real estate residential market report for December 2008

I have prepared a report of the home sales data in Macomb Township Michigan for the month of December 2008.

Total homes sold: 41

Total condos sold: 17

Average sales price for homes: $162,331

Average sales price for condos: $73,712

If you would like more detailed information in regards to the market value of your home in Macomb Township Michigan please don't hesitate to contact me either via phone or email.

www.LookForHomes.com

Shelby Township Michigan real estate residential market report for December 2008

Tue, 13 Jan 2009 20:46:30 -0500

Shelby Township Michigan real estate residential market report for December 2008

I have prepared a report of the home sales data in Shelby Township Michigan for the month of December 2008.

Total houses sold: 42

Total condos sold: 15

Average sales price for houses: $205,676

Average sales price for condos: $65,883

If you would like more detailed information in regards to the market value of your home in Shelby Township Michigan please don't hesitate to contact me either via phone or email.

www.LookForHomes.com

Ditching "days on market"

Sun, 13 May 2007 20:00:31 -0400

Ditching "days on market"

Should the MLS remove this field from all listings?

As a listing broker, I don't think the days on market (DOM) field should be captured, published and available on each active listing. In fact, the field should be immediately removed from all types of active listings posted on the multiple listing services (MLS).

After all, shouldn't the MLS work in the best interest of you and your listing broker's client, the seller? Before buyer agency arrived, the DOM field wasn't as valuable to MLS users. All brokers and agents worked for the seller.

To some, this might seem like an alarming suggestion, but I have a couple questions for you if that seems the case:

• Would there be a MLS as we know it, if there weren't any sellers (listings)?

• If potential buyers feel this data is important, why limit it to MLS displays? Why isn't the MLS displaying this field on the public IDX display?

• Listings are routinely forwarded to many Web sites. If DOM is such an important number, why isn't the active/cumulative DOM forwarded to Google, Homeseekers, REALTOR.com etc.?

Promoting the DOM figure borders on breaching our fiduciary duty to our seller clients. Here's why: publishing the DOM figure merely gives the prospective buyer a reason to offer a lower price to the seller. The information puts the seller at a disadvantage in negotiations, something he or she would probably never agree to if given an option.

Offices that offer agent floor time are more at risk, since an agent reading the listing display may quickly disclose the seller's DOM position when asked by the caller.

Many MLSs offer a choice to the broker whether to display their listings on other websites (such as Google, Realtor.com, etc.). A MLS, especially a broker-owned MLS, should allow the broker the choice to publish this confidential information or not. The DOM should not be displayed if the listing broker so chooses. Default off, unless requested by the listing broker.

I believe in providing a history report for all properties. Listing brokers and buyer brokers can determine the value of a property based on the number of current active listings, the DOM of recent sales, sales prices and expired prices. This is basic supply and demand economics.

Removing the DOM field on each listing would reduce the number of agents deleting and re-listing their property. No reason to keep doing this if there was no clock to re-set.

We all know that a property sells because of one reason: price. If there is an abundance of similar properties for sale, the seller must reduce their price.

Perhaps removing the DOM field would lead to buyers making an offer if they like the property, regardless of what the DOM is. If the seller gets an offer, perhaps it will sell. If it sells, perhaps prices in Metro Detroit will become stronger. Even in a sellers market, removing DOM is a good thing for the listing broker's client, the seller.

Active DOM data does not have to be one of the fields collected and distributed. This field serves little purpose or value for the seller, your client.

Let me know what you think.

Macomb Township Michigan real estate residential market report for November 2007

Sun, 02 Dec 2007 08:51:02 -0500

Macomb Township Michigan real estate residential market report for November 2007

I have prepared a report of the home sales data in Macomb Township Michigan for the month of November 2007.

Total homes sold: 41

Total condos sold: 12

Average sales price for homes: $216,180

Average sales price for condos: $116,225

If you would like more detailed information in regards to the market value of your home in Macomb Township Michigan please don't hesitate to contact me either via phone or email.

www.LookForHomes.com

Macomb County Michigan residential market report for November 2007

Sun, 02 Dec 2007 08:55:52 -0500

Macomb County Michigan residential market report for November 2007

I have prepared a report of the home sales data in Macomb County Michigan for the month of November 2007.

For the period of November 1, 2007 through November 30, 2007:

Total homes sold: 652

Total condos sold: 110

Average sales price for homes: $107.967

Average sales price for condos: $94,936

If you would like more detailed information in regards to the market value of your home in Macomb County Michigan please don't hesitate to contact me either via phone or email.

www.LookForHomes.com

Shelby Township Michigan real estate residential market report for November 2007

Sun, 02 Dec 2007 09:00:47 -0500

Shelby Township Michigan real estate residential market report for November 2007

I have prepared a report of the home sales data in Shelby Township Michigan for the month of November 2007.

Total homes sold: 25

Total condos sold: 13

Average sales price for homes: $269,496

Average sales price for condos: $123,395

If you would like more detailed information in regards to the market value of your home in Shelby Township Michigan please don't hesitate to contact me either via phone or email.

www.LookForHomes.com

Shelby Township Michigan real estate residential market report for December 2007

Wed, 02 Jan 2008 11:58:51 -0500

Shelby Township Michigan real estate residential market report for December 2007

I have prepared a report of the home sales data in Shelby Township Michigan for the month of December 2007.

Total homes sold: 33

Total condos sold: 9

Average sales price for homes: $238,914

Average sales price for condos: $94,306

If you would like more detailed information in regards to the market value of your home in Shelby Township Michigan please don't hesitate to contact me either via phone or email.

www.LookForHomes.com

Macomb Township Michigan real estate residential market report for December 2007

Wed, 02 Jan 2008 12:14:35 -0500

Macomb Township Michigan real estate residential market report for December 2007

I have prepared a report of the home sales data in Macomb Township Michigan for the month of December 2007.

Total homes sold: 39

Total condos sold: 9

Average sales price for homes: $203,759

Average sales price for condos: $126,100

If you would like more detailed information in regards to the market value of your home in Macomb Township Michigan please don't hesitate to contact me either via phone or email.