Oxford Lakes Subdivision, Summary of Sold Properties, YTD, Oxford MI - 01/31/12 08:52 AM
Oxford Lakes subdivision, summary of sold properties, YTD, Oxford MI 01/01/2011 to 12/31/2011
Sold Residential Properties: 18
Average Sale: $174,758.00
Average Sale Per Sq.Ft: $77.75
Average Days on Market: 81.8 days
High Price For 2011: $381,000.00
Low Price For 2011: $93,000.00
For more detailed information on these statistics, real estate property values in your neighborhood or how we can get your home sold quickly, contact us at:
Donald Horne, Realtor, Team Success Coldwell Banker Shooltz Realty 248-969-8065 or 810-338-0628 dhorne@cbshooltz.net
 
… (0 comments)

Rising Rents, Home Buying a Better Choice - 01/28/12 11:14 AM
Rising rents make home buying a better choice...Article from RealtorMag about the rising rental rates.
Fallen home prices and record-low mortgage rates have pushed housing affordability to a 40-year high. Meanwhile, rental prices are continuing to rise at a fast pace, according to a new report released by Hotpads.com, a rental listing service.
Rental prices in 20 of the largest metro areas increased 3.75 percent in 2011, and prices are expected to continue to rise in 2012. Meanwhile, home prices fell by 1.83 percent in 2011, according to the report.
"In a lot of cases it's getting to a point where … (0 comments)

Summary of Sold Properties in Waterstone Subdivision, Oxford MI, YTD - 01/27/12 08:54 AM
Summary of sold properties in Waterstone subdivision, Oxford MI 01/01/2011 to 12/31/2011
Residential Properties
sold = 26 average sale = $197,965.00 average sale per sq.ft = $87.23 average days on market = 97.1 high price = $270,000.00 low price = $137,000.00
Condo Properties
sold = 3 average sale = $148,667.00 average sale per sq.ft = $88.76 average days on market = 66.0 high price = $154,000.00 low price = $139,000.00
Current Properties on Market
on market = 7 average list = $206,243.00 average list per sq.ft = $100.29 average days on market = 118.0 high price = $259,900.00 low price = … (1 comments)

Mortgage Rates - New Record Lows - 01/25/12 09:55 AM
Found this article on mortgage rates in RealtorMag...cheap money.
Mortgage rates were back to hitting record lows again, pushing housing affordability even higher to home buyers, Freddie Mac reports in its weekly mortgage market survey. For the sixth consecutive week, the 30-year fixed-rate mortgage, the most popular choice among buyers, has averaged below 4 percent — unheard of until a few weeks ago.
"Mortgage rates eased slightly this week to all-time record lows following mixed indicators in the labor market,” Frank Nothaft, chief economist at Freddie Mac, said in a statement. The economy added 1.6 million jobs in 2011 — the … (1 comments)

Staging Tips For Your Oxford Home - 01/23/12 08:22 AM
Make your Oxford MI home warm and inviting to boost your home's value and speed up the sale process.
The 1st step to getting buyers to make an offer on your home is to impress them with its appearance so they begin to envision themselves living there. Here are 7 tips for making your home look bigger, brighter and more desirable.
1. Start with a clean slate
Before you can worry about where to place furniture and which wall hanging should go where, each room in your Oxford home must be spotless.
2. Stow away your clutter
It's harder for buyers … (1 comments)

Mortgage Relief to Unemployed - 01/22/12 09:14 AM
This mortgage relief article from Fannie Mae was in RealtorMag 01/12/2012...
Fannie Mae says it will be providing more mortgage aid to the unemployed, possibly extending the forbearance period to up to a year to those who qualify. 
Starting on March 1, Fannie Mae will require mortgage servicers to extend the forbearance relief to qualified unemployed borrowers for six months — without any approval needed from Fannie Mae. The government-sponsored enterprise also says special consideration will be made for some borrowers in suspending mortgage payments or reducing them for up to a 12-month period. 
Fannie’s announcement follows on the heels of … (0 comments)

Oxford Twp, Just Sold in Your Neighborhood, 100 Ridge Field Ct. - 01/21/12 09:44 AM
We've just sold a home in your neighborhood, 100 Ridge Field Ct, Oxford Twp.
This home was sold in 5 days! When homes are priced right, given the right amount of exposure, all parties working together, there is no reason not to expect success.
With over 37 years of real estate experience, we offer aggressive marketing and advertising 24 hours a day - 7 days a week until it is sold, exclusive SELLER / BUYER SERVICE GUARANTEE and exposure on over 600 web sites.
Contact us direct to get your home sold today!
Donald Horne, Realtor, Team Success Coldwell Banker Shooltz … (0 comments)

Oxford Real Estate For Sale, Bank Owned Properties in Oxford MI - 01/20/12 08:50 AM
Oxford real estate for sale, bank owned properties in Village of Oxford, Oxford Twp, Oxford Oakland County, MI 48371 01/16/2012
Homes sold this week:
11 Jersey St, $1,250 (lease) - 1679 sq.ft - 3 beds & 1.1 baths - 36 days on market (dom) 464 Thornehill Trl, $119,000 - 1425 sq.ft - 3 beds & 1.1 baths - 70 dom 18 Pleasant St, $120,000 - 1381 sq.ft - 3 beds & 2 baths - 76 dom
Homes for sale this week:
59 Mechanic St, $950 (lease) - 2 beds & 1.1 baths - 1436 sq.ft - private owned 37 Ensley St, … (0 comments)

Foreclosures Post Big Drop - 01/16/12 08:25 AM
Found this article in RealtorMag about foreclosures, dated 01/12/2012...
Foreclosure filings posted a 33 percent drop in 2011, falling to their lowest levels since 2007, RealtyTrac reports. 
During 2011, one in every 69 homes received a foreclosure filing and 804,000 homes were repossessed — compared to 1.05 million homes that were repossessed during the foreclosure crisis peak in 2010, according to RealtyTrac. 
Foreclosures have plagued many communities, putting downward pressure on overall home prices. In the past five years, more than 4 million homes have been lost to foreclosure. 
So is the worst finally over for the housing market? 
Not yet, … (3 comments)

More MI Cities Join "Improving" Market List - 01/14/12 08:38 AM
Article from RealtorMag about improving housing market list...
The National Association of Home Builders’ list of improving housing markets nearly doubled this month, as more cities showed signs of a rebound with their real estate markets.
The list now contains 76 improving markets, up from 41 in December, according to NAHB’s and First American’s Improving Markets Index, a monthly gauge that measures a city’s improvements in housing permits, employment, and housing prices for at least six months. 
"The fact that the list of improving housing markets nearly doubled this month shows that a significant, positive trend is developing, and is even … (0 comments)

Lapeer Real Estate And New Homes For Sale in Lapeer MI - 01/13/12 08:29 AM
Lapeer real estate and new homes for sale in Lapeer MICity of Lapeer, Lapeer Township, LapeerLapeer County, 4844601/10/2012
New homes this week:
742 N. Madison St, $36,000 - bank owned - 4 beds & 2 baths - 2160 sq.ft
Sold homes this week:
3317 Whisper Ridge Dr, $1,200 - lease - 32 days on market (dom)112 N. Court St, $17,000 - bank owned - 14 dom - 1128 sq.ft644 Pine St, $24,500 - bank owned - 56 dom - 1698 sq.ft821 W. Oregon St, $37,500 - short sale - 58 dom - 1100 sq.ft745 N. Washington St, $38,500 - bank owned … (0 comments)

Lending And Modifications, Key to Recovery - 01/12/12 11:28 AM
Interesting article from RealtorMag, 01/06/2012...
Stabilizing and restoring the health of the housing market is critical to a broader economic recovery, according to a white paper released yesterday by the Federal Reserve Board. Many of the issues and recommendations outlined in the paper support key principles established by the National Association of REALTORS® to help revitalize the housing industry and economy.
The white paper, The U.S. Housing Market: Current Conditions and Policy Considerations, calls for increased lending to creditworthy home buyers and more loan modifications, mortgage refinancing, and short sales to reduce the rising inventory of foreclosed homes and help stabilize … (1 comments)

Foreclosure Auction Is Risky Business - 01/11/12 08:44 AM
You can buy a home at a significant discount at a foreclosure auction, but you'll face a host of challenges. Don't get burned...This article from Houselogic lists the 6 common foreclosure auction challenges.
1. Getting reliable information about foreclosure sales, may not be current or sell you systems.
2. You can't get inside the property before the auction to inspect it for structural problems and repairs.
3. You need to figure out the market value of the house to prepare your bid.
4. You don't know if there are liens on the home, some auctions don't give you clean title to … (0 comments)

Oxford Lakes, Waterfront Community, Oxford MI - 01/07/12 08:49 AM
Oxford Lakes, year round lake community livingVillage of Oxford, Oakland County, 4837101/04/2012
Sold Homes:
464 Thornehill Trl, $119,000 - 70 days on market (dom) - 1425 sq.ft
New Homes:
25 Oakwood Dr, $159,900 - 4 beds & 2.2 baths - bank owned416 Sunset Blvd, $319,000 - 4 beds & 2.1 baths - private owned
Average on market list price is $239,450 ~ average dom is 83.5Average sold price is $177,773 ~ average dom is 85.2Average total YTD list price is $188,493 ~ average dom is 85.0
"Sherwood Forest, wildlife and nature park"
Truly for all ages, restful and quiet getaway, also … (0 comments)

More Acceptance Of Short Sales - 01/06/12 08:58 AM
Article in RealtorMag from 12/30/2011...
Lenders are increasingly becoming more accepting over short sales as they seek more solutions to help struggling home owners avoid foreclosure, according to a recent article at MSNBC.com. 
"Foreclosure sales are pretty devastating," Faith Schwartz, executive director of Hope Now, a resource for cash-strapped home owners, told MSNBC.com. "We'd much prefer a [loan] modification, but if [home owners] don't quality, then the next best alternative is deed-in-lieu or short sales." 
Short sales and foreclosures increased in 2010, but in 2011, short sales continued to climb even more (increasing 26,000 nationwide) while foreclosures dropped by 255,000, according … (0 comments)

Oxford Real Estate, New Homes For Sale In Waterstone, Oxford MI - 01/05/12 08:55 AM
Oxford real estate, new homes for sale in Waterstone, Oxford Twp, MIOakland County, 4837101/02/2012
Homes sold:
1153 Fountain View Ln, $148,000 - 55 days on market (dom) - 4 beds & 3.1 baths640 Golf Villa Dr, $154,000 - 64 dom - 2 beds & 2 baths965 Watersedge Ct, $ 169,000 - 90 dom - 3 beds & 3.1 baths455 Franklin Lake Cir, $201,648 - 152 dom - 4 beds & 2.1 baths585 Boulder Lake Dr, $220,000 - 120 dom - 3 beds & 2.1 baths50 Ridge Field Ct, $225,000 - 213 dom - 4 beds & 2.1 baths
Average sold price … (1 comments)

Oxford Twp, Just Sold In Your Neighborhood, 1030 Woodside Ct. - 01/04/12 12:07 PM
We've just sold a home in your neighborhood, 1030 Woodside Ct, Oxford Twp.
This home was sold in 47 days! When homes are priced right, given the right amount of exposure, all parties working together, there is no reason not to expect success.
With over 37 years of real estate experience, we offer aggressive marketing and advertising 24 hours a day - 7 days a week until it is sold, exclusive SELLER / BUYER SERVICE GUARANTEE and exposure on over 600 web sites.
Contact us direct to get your home sold today!
Donald Horne, Realtor, Team SuccessColdwell Banker Shooltz Realty1-248-969-8065 or … (0 comments)

Stay Warm In Metamora Mi And Keep In Budget This Winter - 01/03/12 10:42 AM
Energy efficient wood burning fireplaces
If you're adding a wood burning fireplace to your Metamora home, avoid the standard design, which sends too much of your home's heated air up the chimney. Consider these energy efficient wood burning fireplaces:
Rumford fireplaces, feature a shallow box design that reflects more heat into the room.
EPA rated fireplaces, have good performance and high energy efficiency ratings. They are designed to pull in outdoor air for combustion and circulate room air around the firebox to extract as much useable heat as possible.
Fireplace inserts, are sealed metal boxes designed to fit inside masonry fireplace … (0 comments)

Good Signs For Real Estate - 01/01/12 07:53 AM
Positive article in RealtorMag from CnnMoney...
Sales ticked up for existing homes and new homes, several real estate market indicators revealed last week, pointing to a housing market that may finally be entering recovery mode.
In the most recent report, the Census Bureau reported that the new-home market continued its rebound, with sales of new houses once again inching up last month. New-home sales rose 1.6 percent from October to November to an annualized rate of 315,000, and sales were up nearly 10 percent compared to November 2010.
The median sales price of a new home in November was $214,100, the … (2 comments)

 
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Donald Horne, Associate Broker Oxford / Lapeer Homes

Oxford, MI

More about me…

Coldwell Banker-Shooltz Realty

Address: 110 S. Washington St., Oxford, MI, 48371

Office Phone: (248) 969-8065

Cell Phone: (810) 338-0628

Email Me

Donald Horne Realtor on Zillow


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