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David Elya ABR, e-PRO, GRI, SFR - Broker Owner

January 2012 Real Estate Sales Show Double Digit Increases in Macomb County Michigan

Fresh data released this week from REALCOMP MLS shows that sales are up 26.6% in Macomb County, Michigan. Sales throughout Metro Detroit were also up 7.0%

Other data shows that the Average Days on Market decrease from last year by 7 days from 96 to 89.

January 2012 sales are up

Click on the page for the full report.

If you would like more detailed information about current sales in Metro Detroit Michigan, feel free to call or contact David Elya

BROOKVIEW REALTY

visit Brookview Realty


For more information, simply call David Elya @ 586-286-3283

www.BrookviewRealty.com

Macomb County Michigan Home Sales are Up in October 2011

Macomb County October 2011 real estate sales

Macomb County Michigan Home Sales are Up in October 2011

According to data just released from REALCOMP MLS listings are down but sales are up in Macomb County Michigan

Area # of On Market Listings   % Change # of Foreclosure Sales   % Change # of Non Foreclosures   % Change # of Total Sales   % Change
Month/Yr  Oct‐11  Oct‐10    Oct‐11  Oct‐10    Oct‐11  Oct‐10    Oct‐11  Oct‐10  
ALL MLS 30,147 36,351  ‐17.1% 2,021 1,935 4.40% 3,178 2,967 7.10% 5,199 4,902 6.10%
Macomb 3,939 4,887  ‐19.4% 324 319 1.60% 523 416 25.70% 847 735 15.20%
Metro Detroit 21,939 27,339  ‐19.8% 1,600 1,702  ‐6.0%  2,576 2,281 12.90% 4,176 3,983 4.80%

"This statistical information has been obtained from Realcomp, the REALTOR'S® MLS. Realcomp is Michigan's largest Multiple Listing Service. Although not guaranteed, these statistics are from data Realcomp believes to be reliable. This information is not to be reproduced, redistributed, or combined with data from other sources without expressed permission from Realcomp."

If you would like more detailed information about current sales in Metro Detroit Michigan, feel free to call or contact David Elya

BROOKVIEW REALTY

visit Brookview Realty

586-991-1222

LED Holiday Lights: 6 Need-to-Know Tips from David Elya

Visit houselogic.com for more articles like this.

Copyright 2011 NATIONAL ASSOCIATION OF REALTORS®

Average sales prices are up 43% in Macomb County over September 2010

Average sales prices are up 43% in Macomb County over 2010

Fresh data provided by MiRealsource MLS, reports that the average sales price is up over 43% from September 2010 levels.

View report

Bank owned real estate sales in Macomb County dropped to 29% from 38% in 2010.

Trend Analysis For Macomb County Residential Homes
Period # Sold Private Private # Sold Bank/Gov Bank/Gov # Sold Lease Lease AVG Sale Price Private Avg Sale Price Bank/Gov AVG Sale Price All
Q3 2010 1,063 51% 795 38% 218 11 $110,276 $64,480 $92,427
Q3 2011 1,568 62% 719 29% 229 9% $109,875 $63,522 $94,662
YTD Summary Totals
2009 3,378 38% 4,614 52% 842 10%
2010 4,270 58% 3,283 31% 834 11%

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

What happened to the people who used to live here?

Recently I was showing a foreclosed property and found the only thing left in the stripped property was this chalkboard mounted in the basement. The message "It was fun" struck a chord with me.

It was fun!How many times have you asked yourself, "I wonder where the past owner went". Wonder what happened to the people who used to call this house a home? Where are the children who used to swing on the swing set out back? Where did the children end up? Where are their friends and loved ones? Are they managing better now than when they lost the house to foreclosure? Where they "tricked" into a mortgage they didn't understand? Did the interest rate on their creative mortgage spike up? Did they simply over buy, or was it a job loss?

Why did the past owner steal the kitchen cabinets knobs? Where are the kitchen cabinets & countertops? Why where the only remaining items in the kitchen the built in dishwasher and stand alone range? Where are the interior door knobs? Why did they remove the light fixtures and toilets? Why was the electric panel cut out? Why did they leave the property in disarray? Did the basement always flood, or is this a new phenomenon?

Who was the painter who painted this interior so poorly? And what about the bright purple painted bedroom? Whose idea was that anyways? Was it little Ashley's? Where are the closet doors? What happened to the furnace? What happened to the hot water heater and copper pipes? What's that smell? Why did the family pet urinate on that wall plug?

According to our recent MLS statistics, nearly 50% of our sales last quarter were foreclosures. The foreclosure market has prompted me to ponder many new questions, most without an answer. Will we ever have an answer?

When will the market "Get back to normal"? What do you tell your buyer when asked? I have been selling real estate in southeast Michigan for nearly 18 years. Now more than ever I find myself asking these series of questions.

I have heard that all real estate is local. Is it just me, or is your real estate market the same?