Home > Blogs > Jackie Hawley > Jackie Hawley's Real Estate Blog for Southeast MI

Sylvan Lake Lakefront Home Sales- Prices on the Rise

By Jackie Hawley

Real Estate Agent with Coldwell Banker Professionals

November 19, 2012 05:02 AM

Sylvan Lake Lakefront Home Sales- Prices on the Rise

Median sales price on all sports Sylvan and Otter Lakes is up 32% from last year. Average sales price on Sylvan and Otter Lakes is up 29% from last year.

So far this year there have been 5 more sales on Sylvan and Otter Lakes than all of 2011.

Distressed sales are down. Way down. In 2011 distressed sales (foreclosures and short sales) made up 47% of all sales on Sylvan and Otter Lake. So far in 2012 there have only been 2 distressed sales on Sylvan and Otter Lake or 10% of lake sales.

Unit Sales:

2011- 15
2012- 20

Average Sale Price:

2011- $251,157
2012- $353,875

Median Sale Price:

2011- $202,500
2012- $295,500

Sales Volume:

2011- $3,767,352
2012- $7,077,500

Foreclosures (units):

2011- 5
2012- 2

Short Sales (units):

2011- 2
2012- 0