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Michigan Real Estate Update from North Oakland County

By Robin Cutler and Kay Pearson, Clarkston, Michigan Real Estate

Real Estate Agent with Real Estate One

January 19, 2012 12:01 AM

Real Estate Report from ......

Dear Kay,

We hope that 2012 is off to a good start for you.

Our real estate reports are sent out to keep you informed about Real Estate in Clarkston, North Oakland County communities, and beyond.

Contact us at any time for specific questions regarding your homes' value, investment opportunities, and general real estate advise.

Meet us in Michigan!

In This Issue

Homes Sold in Clarkston

Buy vs. Rent Calculator

Absorption Rate Reports

Market Update
Dan Elsea, President of Real Estate One, Brokerage Services - Monthly Market Update sent to his team of Realtors.
Dan's December Market Update

Homes Sold in Clarkston

4th Quarter Report

This report includes Clarkston Homes Sold in the 4th Quarter of 2011. Note the Sold Prices vs the List Price. Homes priced right sold faster and closer to List Price. We noticed an increase in first time home buyers who recognize that buying vs. renting can create monthly savings. While the prices for homes and mortgages remain affordable for buyers, the lower inventories also means.......

NOW is the right time if you are considering selling.

Rent vs. Buy

Foreclosure, Deed in Lieu, Bankruptcy , and Short Sales caused many people to rent homes while they repair their credit scores to an acceptable score that will qualify them for a mortgage.

It has been just the past couple of years that rental rates have sky rocketed while home affordability is now in reach for anybody who has the credit score and employment to qualify.

Rent vs Buy Calculator

Absorption Rates

Supply and Demand

Many price ranges in North Oakland County are seeing their lowest supply of homes since 2005. Due to increased consumer confidence and historical low interest rates, real estate sales are on the rise. We had several home buyers up against multiple offers in the last quarter of 2011. See the various township reports below.

3-5 Months Supply or Less = Seller's Market
6 Months Supply = Balanced Market
6+ Months Supply = Buyer's Market

Absorption Rate Reports

Clarkston

Lake Orion

Brandon
Waterford

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Kay Pearson or Robin Cutler

Max Broock - Real Estate One

31 S. Main Street Clarkston, MI 48346

Kay Pearson - Keyes Real Estate
4417 NE Ocean Bouldevard
Jensen Beach, FL 34957

www.KayPearson.com

If your home is currently listed with another real estate broker or if you have an exclusive buyer agency agreement with another real estate broker, please disregard this as it is never our intent to solicit the offerings of other real estate brokers and real estate professionals.