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Milford, MI

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12-14-11
Norm Werner
Norm Werner: Real Estate Agent in Milford, MI
It's feels like the market is comng back in the Milford, Michigan market area and there are statstics to prove that. When I recently went to the Altos Research site to look at the charts that they create for the markets that they track, I got the following chart for median home sale values and inventory for Milford Township and Village combined -

Real Estate Market Chart by Altos Research www.altosresearch.com

It's pretty easy to see that there is good news and bad news in this chart and that perhaps one is actually causing the other.

The bad news is that inventory has fallen off a cliff. People just aren't listing right now, mainly because so many are so far underwater on their mortgages.

As a result, there's good news - median home prices for homes that have sold are soaring. It's a classic supply and demand situation. The demand for homes in the Milford community remains strong, but there are few to choose from, so the few good ones that are on the market are getting bid up.

That's good news if you've been waiting to sell. Values won't recover all of the lost 30-40% that they lost over the last 3-4 years; however, they have started a nice recovery and they are headed in the right direction. If you have a nice home, in good condition, now is a great time to list. There is obviously less competition and there will not be continued downward price pressure. In fact, you may end up on the winning end of a bidding war situation.

Just in the statistics that I track at http://www.movetomilford.com, I can see the turn around. Prices in the Milford market were down below $90/Sq Ft for a while. Now they are back near $100/Sq Ft. That's still a far cry from the $140/Sq Ft average during the peak, but gettign closer to the long term average that we had achieved befoer the market overheated. A steady-state market in the $105 - $125/Sq Ft range is within reason and probably sustainable in this area.

Milford foreclosures, Milford Michigan

Russ Ravary - Metro Detroit homes -  Michigan Real estate & Mortgage info: Real Estate Agent in Northville, MI

There are currently 4 Milford foreclosures (Milford, Michigan). These homes have been on the market for approximately 63 days.

Photo Price Address
City
Bed
Bath
Style
Sq.Ft.
Exterior
Basement
Garage Size
Lot Size/Acres
Year Built
Summer Tax
Winter Tax
School Dist.
$1,800 961 GENEAIRE WAY
MILFORD TWP
3
2
RANCH
1,648
BRICK, ALUMINUM
PART FIN , WALKOUT
2 CAR
IRREGULAR/5
1972
6,271
1,463
HURON VALLEY
$55,900 317 HIGHLAND AVE
MILFORD VLG
3
1
BUNGALOW
928
VINYL

NO GARAGE
132/0
1950
1,923
329
HURON VALLEY
$76,900 634 SWEETBRIAR
MILFORD VLG
2
2.1
RANCH
1,390
WOOD

2 CAR
68X55X111X109/0.15
1957
1,647
488
HURON VALLEY
$279,900 673 OLIVIA DR
MILFORD TWP
4
2.1
COLONIAL
2,505
BRICK, VINYL
FINISHED, WALKOUT
3 CAR
IRREG/0
2003
13,606
2,999
HURON VALLEY

If you are interested in seeing any Milford foreclosures or Milford homes for sale, please give me a call or email me. 313-310-9855 or yesmyrealtor@gmail.com

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What a great weekend in Milford…

09-19-11
Norm Werner
Norm Werner: Real Estate Agent in Milford, MI

This past weekend was sort of a last Hurrah for Summer in Milford, Michigan. We had something for everybody going on over the weekend.

On Saturday and Sunday the 2011 Milford Home Tour provided access to five of our Village homes (four of them historic homes), plus visits to the Milford Historical Museum and the Log Cabin was open next to the fire station, with a display of how the original settlers lived in Milford. The Pettibone Creek Powerhouse was also open for tours visits both days and the Friends of Oak Grove Cemetery provided a cell phone based walking tour of the homes of some of Milford’s Civil war heroes, all of whom are buried in Oak Grove Cemetery.

Saturday evening the Milford Downtown Development Authority (DDA) held a reception in Center Street Park to launch the installation of several Detroit Institute of Arts (DIA) Old Masters art reproductions in locations around Milford. The DIA will leave the reproductions on display for a while and people may order reproductions for their homes at several locations around Milford. The DDA reception featured wine and food samples from Milford’s fine restaurants and a walking tour of the installation sites – all in downtown Milford. You can come take the walking tour of the DIA sites anytime for the next couple of months.

Then on Sunday, with all of the events mentioned above still gong on, there was the Tractor Show out at the Huron Valley State Bank and the huge Milford Car Show, which took up all of Main Street all the way through town. Awards were presented for cars voted best in several categories and for best in show. In addition the Rotary held their annual Duck Race fund raiser, with over a thousand little yellow rubber ducks racing down the Huron River. Prizes were awarded to duck ticket holders for the first few ducks to complete the race. My ducks must have pulled a hamstring or something – they finished out of the money.

So it was a great weekend in Milford, Michigan, with something for everyone to do. Start planning now to be a part of this great tradition next year. We’re already starting to plan for next year’s events. Come on out to MIlford and see why it is one of the greatest places in Michigan to live. I'll find you a home in Milford.

The Milford Home Tour is this weekend...

09-14-11
Norm Werner
Norm Werner: Real Estate Agent in Milford, MI

Just a reminder that the Milford Home Tour, presented by the Milford Historical Society, is this weekend. Presale tickets are on sale at the museum and at Acorn Farm, Main Street Art and Your Nesting Place. Ticket prices are $15.00 for adults and $13.00 for Seniors. This year we have 5 beautiful decorated homes most of them are within walking distance.

The Log Cabin will be open both days to give everyone a glimpse of what life was like in the early 1830's. There will be a lot of children's activities on both days and the log cabin is a free site.

The Milford Car Show and a vintage tractor show will take place on Sunday. The Car SHow takes up all of Main Street from Commerce to GM Road and the location of the tractor show is in the parking lot of the Huron Valley State Bank on South Milford Road. The Car and tractor shows are free sites for those who are attending the Home Tour. privy dig

Our Privy dig will take place on Sunday, this year's site will be located at 639 N. Main Street. Be sure to stop by and see all the different pieces that our privy diggers find.

Our museum will be open both days and will feature reproduction Civil War uniforms.

A busy, fun filled days are planned for both days. Hope you can attend. Come see some of MIlford's fine homes and enjoy the atmoshphere and activities of our great little village.

The Milford Home Tour

09-08-11
Norm Werner
Norm Werner: Real Estate Agent in Milford, MI

In addition to being a Realtor in Milford, Michigan, I'm also the President of the Milford Historical Society (MHS). The MHS was founded in 1974 by a group of local Milford residents who wanted to preserve the history of our little Village. The main mission of the MHS is running the Milford Historical Museum at 124 E. Commerce St in Downtown Milford. We also run a very nice web site - www.milfordhistory.org.

The MHS runs several events each year, including the Independence Day Parade, which is always a favorite with area residents. Some of our event are aimed at fund raising to support our mission. The Annual Milford Home Tour is the primaryHome Tour Home fund raiser each year. It occurs on the third weekend in September each year - this year September 17 & 18.

The Home Tour features local homes, mostly historic homes, but that is not a firm requirement. This year we have 4 historic homes on the tour and one newer one in which the owner has arrayed a collection of antique and unique home furnishing items.

This year the Home Tour is walkable. Four of the homes are within 2 blocks of each other and the newer home is within 1/2 mile of the others. Each home has docents in it to give the history and background fo the home and to point out the interesting items that may be in the home.

In addition to the five homes on the tour, the Historical Museum will be open, as well as the Log Cabin next to the fire station and the Pettibone Creek Powerhouse - a water powered, power generation station that was built by Henry Ford and designed by Albert Khan.

Tickets are $15 for adults and $13 for seniors. Tickets may be purchased at the Museum or at each house on the Tour. The Tour starts both days at 11 AM and runs until 5 PM.

On Sunday there is also the Milford Car Show which takes up all of Main Street, and the Tractor Show, which is held oout at the Huron Valley State Bank parking lot. The Huron Valley Rotary Club will also have their annual rubber duck race on Sunday; so, there'll be lots to do in Milford that day. Come out and spend a day in our delightful little village.