Lately I have been showing Rochester and Rochester Hills homes to two different buyers. Rochester is a nice stable community. Located off I-75 or M-59 it is not too far from the City of Detroit.
What I have been noticing is that many colonials have been selling for very reasonable prices. I have looked at so many Rochester Hills homes. If you look at the Rochester Hills homes under $250,000 you will notice that they are selling under a $100,000 a square foot.
Many selling for under $80 a square foot home. Some of these Rochester homes were move in ready. Now that is a deal.
| RS |
| ADDRESS | LIST PRICE | SALE PRICE | DOM | SQUARE FOOTAGE | SP PER SQFT |
| 3525 W AUBURN RD | 36000 | 32000 | 20 | 1916 | 16.7014 |
| 737 DRESSLER LN | 90000 | 90000 | 5 | 1336 | 67.3652 |
| 734 KENTUCKY DR | 90000 | 100000 | 105 | 1612 | 62.0347 |
| 903 HIGH ST | 108900 | 108900 | 1 | 903 | 120.598 |
| 940 HOMESTEAD CT | 119900 | 110000 | 50 | 2698 | 40.7709 |
| 1642 DANCER DR | 124900 | 122000 | 94 | 1454 | 83.9064 |
| 325 ESSEX DR | 174900 | 131250 | 190 | 2442 | 53.7469 |
| 735 LEINSTER RD | 164900 | 138000 | 162 | 2013 | 68.5543 |
| 816 HAMPTON CIR | 145300 | 138000 | 36 | 2004 | 68.8622 |
| 655 FIELDSTONE DR | 169000 | 145000 | 79 | 2334 | 62.1251 |
| 1291 GETTYSBURG CT | 170000 | 149000 | 32 | 2316 | 64.335 |
| 803 LION ST | 150000 | 150000 | 361 | 2000 | 75 |
| 1280 BARNESWOOD LN | 151900 | 151900 | 114 | 2616 | 58.0657 |
| 205 EASTLAWN DR | 179900 | 155000 | 64 | 2038 | 76.0549 |
| 2112 CHALET DR | 175000 | 160000 | 89 | 2344 | 68.2593 |
| 1836 JASON CIR | 159900 | 162000 | 162 | 3100 | 52.258 |
| 1666 MORNINGSIDE LN | 159900 | 162000 | 9 | 1676 | 96.6587 |
| 1632 DENNETT LN | 170000 | 165000 | 56 | 1686 | 97.8647 |
| 2875 CULBERTSON AVE | 174900 | 165000 | 36 | 2140 | 77.1028 |
| 3842 MILDRED AVE | 169900 | 166000 | 13 | 1844 | 90.0216 |
| 2180 AVONCREST DR | 159900 | 167500 | 8 | 2478 | 67.5948 |
| 1014 POINTE PLACE BLVD | 164900 | 168000 | 4 | 2754 | 61.0021 |
| 618 SHELLBOURNE DR | 169900 | 169900 | 158 | 2531 | 67.1276 |
| 548 TEN POINT DR | 169900 | 170000 | 89 | 2653 | 64.0784 |
| 1049 CLOPTON BRIDGE DR | 179900 | 170000 | 16 | 2160 | 78.7037 |
| 791 SHELLEY DR | 189500 | 175000 | 104 | 2562 | 68.306 |
| 2530 WORTHAM DR | 174900 | 176000 | 56 | 2289 | 76.8894 |
| 6130 SHELDON RD | 214000 | 178500 | 159 | 4630 | 38.5529 |
| 535 THORNRIDGE DR | 189900 | 180000 | 166 | 2076 | 86.7052 |
| 2465 HILLENDALE DR | 187500 | 180000 | 87 | 2165 | 83.1408 |
| 25 WALTONSHIRE CT | 179900 | 180000 | 4 | 2498 | 72.0576 |
| 2089 ALSDORF AVE | 185000 | 181000 | 48 | 1846 | 98.0498 |
| 2362 LASSITER DR | 176000 | 182100 | 168 | 3058 | 59.5487 |
| 1680 DEVONWOOD DR | 194900 | 185000 | 2 | 2504 | 73.8817 |
| 712 WHITNEY DR | 189900 | 186000 | 173 | 2076 | 89.5953 |
| 1243 BARNESWOOD LN | 205000 | 190000 | 162 | 1960 | 96.9387 |
| 578 WYNGATE DR | 197500 | 194500 | 4 | 2125 | 91.5294 |
| 1110 E FAIRVIEW LN | 219000 | 195000 | 499 | 2500 | 78 |
| 284 SHAGBARK DR | 214900 | 197500 | 110 | 2170 | 91.0138 |
| 2146 WAYWARD DR | 198000 | 198000 | 5 | 2406 | 82.2942 |
| 820 FIELDSTONE DR | 204900 | 200000 | 110 | 2415 | 82.8157 |
| 529 PLUM RIDGE DR | 215000 | 208000 | 11 | 2577 | 80.714 |
| 1285 SANDY RIDGE DR | 225000 | 215000 | 36 | 2360 | 91.1016 |
| 810 AUGUSTA CT | 209000 | 221000 | 35 | 3010 | 73.4219 |
| 1060 HICKORY HILL DR | 225000 | 223000 | 15 | 2382 | 93.6188 |
| 430 OAK ST | 249999 | 225000 | 156 | 1596 | 140.9774 |
| 3332 FULHAM DR | 254900 | 225000 | 394 | 2035 | 110.5651 |
| 313 LAKE FOREST RD | 249900 | 230000 | 171 | 2687 | 85.5973 |
| 187 CHALMERS DR | 219900 | 230000 | 97 | 3000 | 76.6666 |
| 3112 BAYPOINT DR | 239000 | 230000 | 110 | 2371 | 97.0054 |
| 1297 HICKORY HILL DR | 250000 | 233500 | 127 | 2360 | 98.9406 |
| 1725 KILBURN RD | 259900 | 235000 | 1 | 2908 | 80.8115 |
| 600 LEHIGH RD | 228000 | 237000 | 12 | 2428 | 97.6112 |
| 3267 FANTAIL DR | 229000 | 245000 | 230 | 2949 | 83.079 |
| 2062 WENTWORTH DR | 274900 | 265000 | 50 | 2977 | 89.0157 |
| 2196 CHIPPENHAM CHASE | 275000 | 265000 | 30 | 2851 | 92.9498 |
| 1285 CHAFFER DR | 299000 | 271000 | 61 | 2873 | 94.3264 |
| 3334 EVERETT DR | 291900 | 274000 | 25 | 2500 | 109.6 |
| 3801 EVERETT DR | 319900 | 280000 | 28 | 3362 | 83.2837 |
| 379 MYSTIC VLY | 299900 | 284000 | 35 | 2667 | 106.4866 |
| 1922 BLUE GRASS DR | 325000 | 310000 | 38 | 2978 | 104.0967 |
| 755 LOGGERS CIR | 325000 | 310000 | 41 | 3013 | 102.8874 |
| 3035 KENWOOD DR | 319000 | 312500 | 79 | 3774 | 82.8033 |
| 1106 KRISTA LN | 349900 | 325000 | 52 | 3014 | 107.8301 |
| 3493 BLUE HERON LN | 349900 | 328000 | 8 | 3750 | 87.4666 |
| 1734 SKYLINE DR | 369000 | 335000 | 108 | 3569 | 93.8638 |
| 1361 TULBERRY CIR | 339900 | 335000 | 12 | 3300 | 101.5151 |
| 1935 WATSON CIR | 374999 | 339000 | 96 | 3415 | 99.2679 |
| 1840 SUDBURY CT | 350000 | 355000 | 17 | 4390 | 80.8656 |
| 1161 TERRA LN | 379900 | 367000 | 21 | 2900 | 126.5517 |
| 748 WINDSONG DR | 390000 | 370000 | 126 | 3000 | 123.3333 |
| 1902 WESTRIDGE DR | 375000 | 380000 | 235 | 4072 | 93.3202 |
| 1447 KENTFIELD DR | 419900 | 390000 | 68 | 3195 | 122.0657 |
| 544 SPRINGVIEW DR | 399900 | 400000 | 6 | 3789 | 105.5687 |
| 3865 CHERRYWOOD LN | 475000 | 430000 | 66 | 4243 | 101.3433 |
| 1388 PEBBLE RIDGE DR | 469000 | 450000 | 381 | 4100 | 109.756 |
| 333 FERNDALE AVE | 599000 | 515000 | 128 | 3240 | 158.9506 |
| 315 FERNDALE AVE | 599900 | 520000 | 260 | 3214 | 161.7921 |
| 795 MAJESTIC | 568000 | 525000 | 50 | 4070 | 128.9926 |
| 267 WYNGATE DR | 574900 | 530000 | 37 | 3700 | 143.2432 |
I think there still are some bargains in Rochester Hills if you are looking to buy. Information courtesy of RealComp II Ltd.
The latest scam in Metro Detroit real estate is homeowners short saleing their house to a relative. It is not supposed to happen. In fact many banks have a form that the buyer signs that they are not related to the seller. But it is happening. I myself have heard of one and have heard of others lately.
The one I know of (or believe I know of) was helped by the real estate agent. He was a friend of theirs. I think the Northville home went for over $500,000 originally. Then the homeowner bought it back for about $300,000. Not bad to shave off $200,000 off your mortgage. The way they are being able to do a Metro Detroit short sale like this is by having a relative with a different last name. Sometimes it is an in-law, sometimes a future wife, or sometimes even a spouse of a relative.
It is fraud if you sign a document that says you are related, and you really are. I know we all want to help our family out but you going to jail to save them money is not the smartest thing to do. Our prisons are full of people that thought they were really smart.
It's not worth going to jail for. Just my thoughts. May you and your family have a great week!
In the last 6 months there have been 220 Commerce Township homesthat have sold. Out of the 220 homes that have sold 182 have been priced under $260,000. Like most of the Metro Detroit real estate market it is the lower price range that is selling. The upper end homes are sitting on the market longer.
Of the 220 Commerce Township homes that have sold in the last 6 months it has taken an average of 120 days to sell.
| Commerce Township Home Price Statistics Legend | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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I hope this gives you a look at what is happening in Commerce Twp real estate market. Info courtesy of Realcomp II Ltd
"Earnest money deposit" or "good faith deposit" is the amount of money that you put down as a gesture of good faith. You see you have to put down what the call consideration. A legal contract is made up of three things.
If you have any questions about Metro Detroit real estate purchase agreements feel free to call me on my cell (313) 310-9855.
Here is what is happening in the Farmington Hills real estate in the last six months. There have been 418 Farmington Hills homes that have sold in the last six months. Out of 418 Farmington Hills homes 314 of them have been under $210,000.
The average sold price for Farmington Hills homes is $162,873.00 (the last six months) and on the average they took 120 days to sell.
| Price Statistics Legend | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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I hope this quick Farmington Hills real estate update gave a glimpse of what is happening in Farmington Hills. Information Courtesy of Real Comp II Ltd.
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