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
There are currently 7 active listings on Sylvan and Otter Lake- all normal sales ranging in asking price from $329,900-$559,000.
Compliments of Jackie Hawley of the JHawley and Associates Real Estate Team at ReMax Encore in Clarkston MI.
www.MiRelocation.com www.LakeOaklandHomes.com www.MacedayLake.com
www.SearchMichiganMLSListings.com
Cell: (248)736-6407
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