Lake Oakland Lakefront Real Estate- Rising Prices- Low Inventory
So far there have been 4 closed sales this year on Lake Oakland in Clarkston and Waterford MI with prices ranging from $245,000-$751,871 with an average sales price of $414,218.
Last year the average sales price on Lake Oakland was $223,320 and in 2010 the average sales price was $194,677.
3 of the 4 sales this year were "normal" sales with only one bank owned home compared to last year when half the sales on lake Oakland were distressed sales and 64% of the sales in 2010 were distressed sales.
Houses are selling quickly and close to asking price. I had a buyer client get into a bidding war a couple weeks ago and our over asking price offer with a very strong buyer lost out.
There are currently 8 sales pending and 8 active listings on Lake Oakland.
Keller Williams Realty, Clarkston