Michigan

Ferndale Michigan Market Analysis for Homes Sold in October 2009

11-20-09

Cathy Tishhouse Royal Oak Real Estate

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Office: (248) 647-3200 x20

Mobile: (734) 777-7212

Ferndale Monthly Market Analysis Homes Sold Oct. 2009

October. 09 median sale prices increased 18% from Sept. 09 & a 24% increase in # of homes sold. Private owned median price stayed the same Oct. 09 from Sept. 09. Bank owned homes median price increased 29% in Oct. 09 from Sept. 09.

October 09 median sale price increased 8% from October 08

Yr ending Oct. 09 median sale price compared to yr ending Oct. 08 decreased 48%;

Statistics rounded to nearest % -compiled from RealComp II data believed to be reliable.

Active & Sold October 2009

*283 listings:*		*49 Sold listings:*
Median List Price	$79,900	Median Sold Price	$55,100
Avg. Days On Market	151	Avg. Days On Market	86
Private Owned	244 listings	Private Owned	24 Sold
Median List Price	$89,700	Median Sold Price	$92,000
Bank Owned	39 listings	Bank Owned	25 Sold
Median List Price	$36,900	Median Sold Price	$34,000

Active & Sold September 2009

*289 listings:*		*37 Sold listings:*
Median List Price	$87,000	Median Sold Price	$44,900
Private Owned	253 listings	Private Owned	21 Sold
Median List Price	$94,900	Median Sold Price	$92,000
Bank Owned	36 listings	Bank Owned	16 Sold
Median List Price	$29,950	Median Sold Price	$24,250

Active & Sold October 2008

*274 listings:*		*40 Sold listings:*
Median List Price	$79,950	Median Sold Price	$50,744

November 1, 2007 – October 31, 2008

*602 listings:*		*368 Sold listings:*
Median List Price	$79,993	Median Sold Price	$73,800

November 1, 2008 – October 31, 2009

*689 listings:*		*455 Sold listings:*
Median List Price	$59,900	Median Sold Price	$40,000

Ferndale Michigan Market Analysis for October 2009 Compares only median sold price of residential homes sold in Oct. 09 with Sept. 09 & Oct. 08; year ending Oct. 08 with yr ending Oct. 09. It shows all homes sold then private owned vs. Bank Owned/HUD. To exclude leases in data, minimum sale price used was $5,000.

Market Analysis for Ferndale September 2009

Market Analysis for Ferndale August 2009

Market Analysis for Ferndale July 2009

Market Analysis for Ferndale June 2009

Market Analysis for Ferndale March 2009

Market Analysis for Ferndale February 2009

Oakland County Market Analysis for July 2009

Oakland County Market Analysis for June 2009

Oakland County Market Analysis for May 2009

Ferndale Michigan Realtor selling Oakland County Real Estate. TishHouse sells Houses - selling Real Estate in Southeastern Michigan with RE/MAX Showcase Homes in Birmingham, Michigan. Helping People in a challenging market by specializing in Short Sales. See what my clients have to say about my extraordinary customer service. Follow me on Twitter.

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Market Analysis For Homes Sold in Berkley Michigan October 2009

11-20-09

Cathy Tishhouse Royal Oak Real Estate

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Office: (248) 647-3200 x20

Mobile: (734) 777-7212

Market Analysis for Homes Sold in Berkley MI October 2009

Oct. 09 median sale prices increased 15% from Sept. 09 & # of homes sold increased 8%. Private owned median prices increased 10% in Oct 09 from September 09 & # of homes sold stayed the same. Bank owned homes median price decreased 31% in Oct. 09 from September 09.

Oct. 09 median sale price decreased 30% from Oct 08 & 21% increase in # homes sold.

Yr ending Oct 2009 median sale price compared to yr ending Oct. 08 decreased 30%

Statistics rounded to nearest % -compiled from RealComp II data believed to be reliable.

Active & Sold October 2009

*165 listings:*		*24 Sold listings:*
Median List Price	$130,000	Median Sold Price	$97,000
Avg. Days On Market	149	Avg. Days On Market	119
Private Owned	144 listings	Private Owned	15 Sold
Median List Price	$135,000	Median Sold Price	$116,500
Bank Owned	21 listings	Bank Owned	9 Sold
Median List Price	$69,900	Median Sold Price	$33,500

Active & Sold September 2009

*174 listings:*		*22 Sold listings:*
Median List Price	$126,000	Median Sold Price	$82,000
Private Owned	152 listings	Private Owned	15 Sold
Median List Price	$129,900	Median Sold Price	$105,000
Bank Owned	22 listings	Bank Owned	7 Sold
Median List Price	$82,400	Median Sold Price	$48,900

Active & Sold October 2008

*160 listings:*		*19 Sold listings:*
Median List Price	$135,000	Median Sold Price	$138,800

November 1, 2007 –October 31, 2008

*376 listings:*		*235 Sold listings:*
Median List Price	$139.900	Median Sold Price	$138,800

November 1, 2008 – October 31, 2009

*384 listings:*		*243 Sold listings:*
Median List Price	$119,900	Median Sold Price	$98,000

Monthly market analysis for Berkley Michigan Real Estate compares residential homes sold in October 2009 with September 2009 & October 08; year ending October 08 with year ending October 09. It shows all homes sold then private owned vs. Bank Owned/HUD. To exclude leases in data, minimum sale price used was $5,000.

If you are looking to Purchase a Home, click here for an IDX Home Search

If you are looking to Sell a Home, click here for an outline of our Marketing Strategy

Market Analysis for Berkley September 2009

Market Analysis for Berkley August 2009

Market Analysis for Berkley July 2009

Market Analysis for Berkley June 2009

Market Analysis for Berkley May 2009

Market Analysis for Berkley April 2009

Market Analysis for Berkley March 2009

Oakland County Market Analysis for July 2009

Oakland County Market Analysis for June 2009

Oakland County Market Analysis for May 2009

Berkley Michigan Realtor selling Oakland County Real Estate. TishHouse sells Houses - selling Real Estate in Southeastern Michigan with RE/MAX Showcase Homes in Birmingham, Michigan. Helping People in a challenging market by specializing in Short Sales. See what my clients have to say about my extraordinary customer service. Follow me on Twitter.

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Livonia Michigan Home Values

11-20-09

Bob Jakowinicz real estate agent Livonia Northville Novi houses for sale

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Office: (734) 432-2002 x366

Mobile: (734) 578-6561

I would like to go over a report I received today about Livonia Michigan Home Values. This report shows year over year declines or increases and this report was from dates of September 2008 to September 2009. This information is from the website Zillow and may not match up exactly with other real estate related websites.

According to Zillow home values in Livonia Michigan have fallen about 20.9% over the time frame of Sept. 08 to Sept.09. Interesting thing is they are saying we had a slight gain of .4% from September of 09 to October of 2009. Here is some of the statistics they are showing for our local area.

Livonia -20.9%
Farmington -15.1%
Redford -17.1%
Westland -15.4%
Garden City -19.9%
Farmington Hills -16.5%
Northville Twp -8.9%
Novi -15.8%

For more information on Livonia Michigan home values and homes for sale please visit www.BobandTeena.com or www.RealEstateBusyBees.com . You can always email us anytime at info@BobandTeena.com

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First Time Home Buyer Tax Credit Extended

11-20-09

Jared Pomranky ~ Detroit Foreclosures

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Office: (313) 887-4167

As reported by Drew's Mortgage New's on November 6th, the first time home buyer tax credit has been extended through April 30, 2010. While there are some basic changes, everything is close to the same as it was before with one major exception. Current homeowners can take advantage of the credit as long as they have lived in their house for 5 years. Here are the two different buyer groups that can utilize this credit, as explained by Drew Sygit:

First-Time Homebuyers (FTHBs): First-time homebuyers (defined as not owning a home in the last 3 years) are eligible for up to 10% of the purchase price or a maximum of $8,000.
Single taxpayers and married couples filing a joint return may qualify for the full tax credit amount.

Current Owners: The new tax credit program now gives those who already own a residence incentive to move to a new home. If they've owned a primary residence for 5 consecutive years out of the last 8, their eligible for up to a $6,500 tax credit.
Single taxpayers and married couples filing a joint return may qualify for the full tax credit amount.

Also make sure you view our updated Frequently Asked Questions (FAQ) including our International Detroit Investing FAQ for our out of country investors.

Successfully Yours,
Jared Pomranky
Detroit Market Expert

Detroit foreclosure properties
Free Report on Detroit real estate "how to"

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What Fun For a Friday

11-20-09

Barb & Sal Dragotta Macomb County Michigan Homes for Sale

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Office: (586) 532-0500

Mobile: (586) 382-0237
Secondary: (586) 382-0237

As Sal is meeting with a client...not a client...maybe a client....in loan Mod. process>>>
I have the fun position of listing some silly, interesting, & cautious items for you.

A. we have, here in our place in Macomb County, MI, some D.C.G. over head:
DCG = directionally challenged Geese.
we live North of Detroit, in the Mitten of Michigan:
...our Home is situated SW [ front of house], making North to our right if we are facing the main Street.
...platoon, after platoon of Geese--flying "South" for the winter--people our skies heading N.--IF we are
facing our main Street [not the side street]
...periodically, similar platoons fly out of the N. [IF we are facing the..yadda] what do you want to bet
these are the SAME platoons who flew N. [if you are...] days ago.

B. we have, here in our place in Macomb County, MI. some 'living' Flat Dog Toys:
...you have seen those toys--furry, long, stuffing-less animals with heads, legs, & tails that you
actually purchase that way [ here, we just waited until the dogs tore the stuffing out & sewed up]
...these living flat dog toys are our friendly squirrels who 'hang' from our many Bird Feeders.
since squirrels cannot read, they do not know they are eating from BIRD feeders. Just a moment
ago I went out to replace a Woodpecker Block into it's designated feeder [ yes, the squirrels love
the Woodpecker Blocks, as do all the birds except for the Doves] and one small Black critter had
the nerve to chatter / yell at me for making him / her move away. As soon as it was placed into
the feeder, said critter came back, ate, & had zero problem with the fact that I was still out side.
No, we have not had Woodpeckers around here, ever. The trees left are thin, no telephone poles
in our neighborhoods, & all the larger ASH trees have been removed in the last 2 years due to the
boring beetle infestation. Nothing left to 'peck' I guess.

C. we here in our place in Macomb County, MI are interested in, and concerned about another Saturday
[Senate]-Health Care Vote- scheduled for later tomorrow. Perhaps, our congressional leaders should
consider a part-time Congress who only needs to meet in sessions on Saturdays or after 12:00 A.M.
thus cutting the perks , dollars in salary, & forcing them to lose their $500.00 per year policies.
What do you think...possible....sure, & we here in Michigan have this ..."great Bridge in the Northern
Part of the Mitten" that has been on the market for ages.
C.pt a..news throughout the day has indicated that this Vote is Not a 'for Real' Vote, no, it is a TEST Vote?
...do they get to study for it
...will it be an 'open book' test
...will it be graded "on the curve"
...and here I thought that we should be concerned with another Saturday Vote.
...what was I thinking?

D. we here in our place in Macomb County, MI, have been made aware of some shift in reporting at
major newspapers; small at times, but large in implication [?] as questions about the direction of the
nation & it's leaders are being raised AND reported upon. For this to happen in this area which is
admittedly liberal, is fascinating to say the least. Refreshing too, to read the questioning of
policies--seldom reported in the negative--in this Blue State.

E. we here in our place in Macomb County, MI, have another Wal-Mart in our area; it seems that the
store that many "love to hate" had their grand opening at the new store East of Partridge Creek
Mall. Partridge Creek spokes person stated that they welcome another shopping venue for the
residents of Macomb County AND they believe that each [ of them] offer ease of shopping to various
categories of customers.. Well, maybe, but what does that say for those of us who shop at BOTH
venues? we have many savvy shoppers here in our place in Macomb County, MI.

Let's hear it for Michigan Residents and all savvy shoppers everywhere. LOL