Metro Detroit

Good things happened last year in the Village of Beverly Hills Michigan real estate market. While the number of homes sold remained basically unchanged with 167 homes transacting, average prices headed up to $214,585 in 2011, an 8.9% improvement over the average price of $197,066 in 2010. Also improving was average days on market, with [...]

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Back in 2007, when I wrote a post about Metro Detroit’s Most Expensive Home on the Market, there are a number of things that I would not have predicted. First is that the home would some day fall in to foreclosure. In 2007, the local real estate market was riding high, and there were no [...]

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A few weeks ago I met an appraiser at a home I have listed in Royal Oak so that he could get the appraisal done for the buyer’s mortgage.  As we walked through the house, he said to me, “There won’t be a problem with the value, but you knew that, didn’t you?”  Well, I [...]

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2011 has been a better year for residential real estate sales in Beverly Hills than 2010.  We’ve seen increasing prices and a shorter market times. The average sold price has risen 6.6%, from $195,500 to $208,000.  Average Days on Market has fallen from 100 days to 96.  The number of sales in the first half [...]

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If there is one thing that we’ve loved about living in Beverly Hills, its the sense of community.  There is a commitment from local residents to making this a better place to live.  On a village wide level, we have events like the Halloween Hoot, Memorial Day Parade and Carnival, Movies in the Park and [...]

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I admit the title is a bit of a tease, because the Detroit News does have a great LOCAL real estate section, so most LOCAL articles are spot on. But if my clients in Birmingham, Bloomfield Hills, Beverly Hills, Royal Oak and surrounding cities believed today’s upsetting Detroit News headline, Detroit home sale prices lag [...]

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From AOL Real Estate: (http://realestate.aol.com/blog/2011/05/31/5-mistakes-home-sellers-should-never-make/) Trying to sell a home in today’s market requires courage, smarts and a fair amount of humble pie-eating. It’s a buyers’ market, which means sellers are expected to roll over and grovel appreciatively over each showing their agent landed. Sometimes, whether through ignorance or a last gasp of pride, sellers [...]

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We’ve just finished our complete report of 2010 home sales in the City of Bloomfield Hills, and it is available for free download. In addition to market stats, you will find the listing information from Realcomp, our local MLS. Our report only covers single family homes, not vacant land, leases or condominiums. Last year we [...]

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I was reviewing some local real estate stats this morning, because that is what I do for fun on Mondays, and decided to see what the cool (and very smart) cats at Altos Research would show me about the Birmingham Bloomfield real estate market. The chart shows the best news for Birmingham, and my experience [...]

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Loved it. That is all. Written by Maureen FrancisSKBK Sotheby’s International Realty, 248.430.4450 Visit WebsiteSearch for homes in Oakland County

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Download December 2010 Oakland County Real Estate market statistics. Written by Maureen FrancisSKBK Sotheby’s International Realty, 248.430.4450 Visit WebsiteSearch for homes in Oakland County

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