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Birmingham, MI Real Estate News

By Cathy Tishhouse, Royal Oak Real Estate
(RE/MAX Showcase Homes)
Second Annual Winter Market in Shain Park in Downtown Birmingham Michigan was held December December 2 – 4. The city welcomed the holiday tradition with a rich European flavor.  Activities included carriage wides, visits to Santa House, ice carving and a girl making a jump rope (depicted in this video).  It was a bit chilly but there were hot drinks (and heaters) at various stations to create a bit of warmth. In keeping with the traditional German holiday market, the Birmingham Winter Market featured artisans and craftsmen selling holiday decorations, housewares, candies, baked goods and other products. Live entertainment is enjoyed by all throughout the weekend by various area choirs. Fundraising booths feature local non-profits, youth groups and others selling items and products.   Bi...
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Often short sale sellers and short sale buyers get confused about “how many cooks are there in the kitchen”.  ·       A buyer can’t understand how they write a full price offer on a home and yet 60 days later the bank counters above the list price.     ·       Or, a seller who was told that the short sale was approved by the bank (servicer) and then 30 days later FNMA the “Investor” denies it.   ·       Sometimes the listing agent tells the buyer’s agent that the short sale was approved with certain terms and after the buyer writes that offer, the bank comes back with completely different terms. ·        Another common issue is that the servicer tells the seller that they will get full deficiency release but a week later, the Mortgage insurance company refuses to close without a seller ...
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  ROBERT J. PLISKA, CRE, CPA  RECEIVES THE PUBLIC SERVICE AWARD FROM THE MICHIGAN ASSOCIATION OF CERTIFIED PUBLIC ACCOUNTANTS       BIRMINGHAM, MI, October 3, 2011– Robert J. Pliska, CRE, CPA, Managing Director, Sperry Van Ness, Birmingham, Michigan was honored with the Public Service Award from the Michigan Association of Certified Public Accountants at the Townsend Hotel in Birmingham.  Mr. Pliska received the award for his activities, accomplishments, impact on the community, commitment and innovation while providing outstanding service as a valued member of the profession.  He has shown his continual substantial involvement with civic and community activities throughout metropolitan Detroit, the state of Michigan, and the United States.   The award is given once a year.  Mr. Pliska ...
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By Cathy Tishhouse, Royal Oak Real Estate
(RE/MAX Showcase Homes)
Market Analysis & Statistics For Birmingham MI August 2011 August 2011 median sale prices increased 08% from July 2011 & # of homes decreased 27% in August 2011 from July 2011. Private owned homes median price increased 14% in August 2011 from July 2011.  Bank owned homes median price increased 37% in August 2011 from July 2011.  August 2011 median sale price increased 09% from August 2010. Yr ending August 2011 median sale price compared to yr ending August 2010 increased 10%.  Statistics rounded to nearest % -compiled from RealComp II data believed to be reliable.  Active & Solds August 2011 236 listings:   35 Sold listings:   Average List Price $615,054 Average Sold Price $407,546 Median List Price $450,000 Median Sold Price $370,000 Highest List Price $3,400,000 Highest Sold Price $...
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By Cathy Tishhouse, Royal Oak Real Estate
(RE/MAX Showcase Homes)
Market Analysis & Statistics For Birmingham MI July 2011 July 2011 median sale prices increased 13% from June 2011 & # of homes sold increased 23% from June 2011. Private owned homes median price increased 03% in July 2011 from June 2011.  Bank owned homes median price decreased 40% in July 2011 from June 2011.  July 2011 median sale price increased 08% from July 2010. Yr ending July 2011 median sale price compared to yr ending July 2010 increased 05%.  Statistics rounded to nearest % -compiled from RealComp II data believed to be reliable.   Active & Solds July 2011 249 listings:   48 Sold listings:   Average List Price $621,116 Average Sold Price $472,969 Median List Price $449,900 Median Sold Price $338,583 Highest List Price $3,400,000 Highest Sold Price $2,199,000 Lowest List Price...
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By Cathy Tishhouse, Royal Oak Real Estate
(RE/MAX Showcase Homes)
Market Analysis & Statistics For Birmingham MI June 2011 June 2011 median sale prices decreased 01% from May 2011 & # of homes sold stayed the same. Private owned homes median price increased 06% in June 2011 from May 2011.  Bank owned homes median price increased 21% in June 2011 from May 2011.  June 2011 median sale price decreased 19% from June 2010. Yr ending June 2011 median sale price compared to yr ending June 2010 increased 02%.  Statistics rounded to nearest % -compiled from RealComp II data believed to be reliable.   Active & Solds June 2011 247 listings:   37 Sold listings:   Average List Price $600,518 Average Sold Price $394,651 Median List Price $449,900 Median Sold Price $296,000 Highest List Price $3,400,000 Highest Sold Price $1,538,500 Lowest List Price $38,900 Lowest ...
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By Cathy Tishhouse, Royal Oak Real Estate
(RE/MAX Showcase Homes)
Market Analysis & Statistics For Birmingham MI May 2011 May 2011 median sale prices increased 26% from April 2011 & a 19% increase # of homes sold. Private owned homes median price increased 06% in May 2011 from April 2011.  Bank owned homes median price increased 26% in May 2011 from April 2011.  May 2011 median sale price increased 33% from May 2010. Yr ending May 2011 median sale price compared to yr ending May 2010 decreased 01%.  Statistics rounded to nearest % -compiled from RealComp II data believed to be reliable.   Active & Solds May 2011 247 listings:   37 Sold listings:   Average List Price $595,376 Average Sold Price $363,034 Median List Price $449,900 Median Sold Price $299,444 Highest List Price $3,400,000 Highest Sold Price $1,475,000 Lowest List Price $65,900 Lowest Sold...
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By Cathy Tishhouse, Royal Oak Real Estate
(RE/MAX Showcase Homes)
Market Analysis & Statistics For Birmingham MI April 2011 April 2011 median sale prices decreased 09% from March 2011 & a 23% decrease # of homes sold. Private owned homes median price decreased 15% in April 2011 from March 2011.  Bank owned homes median price increased 08% in April 2011 from March 2011.  April 2011 median sale price decreased 10% from April 2010. Yr ending April 2011 median sale price compared to yr ending April 2010 decreased 05%.  Statistics rounded to nearest % -compiled from RealComp II data believed to be reliable.   Active & Solds April 2011 240 listings:   30 Sold listings:   Average List Price $594,197 Average Sold Price $306,028 Median List Price $449,450 Median Sold Price $222,000 Highest List Price $3,400,000 Highest Sold Price $1,030,500 Lowest List Price $...
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By Cathy Tishhouse, Royal Oak Real Estate
(RE/MAX Showcase Homes)
Market Analysis & Statistics For Birmingham MI March 2011 March 2011 median sale prices decreased 09% from February 2011 & a 28% increase # of homes sold. Private owned homes median price increased 03% in March 2011 from February 2011.  Bank owned homes median price increased 20% in March 2011 from February 2011.  March 2011 median sale price increased 03% from March 2010. Yr ending March 2011 median sale price compared to yr ending March 2010 decreased 06%.  Statistics rounded to nearest % -compiled from RealComp II data believed to be reliable.   Active & Solds March 2011 237 listings:   39 Sold listings:   Average List Price $604,549 Average Sold Price $330,046 Median List Price $459,998 Median Sold Price $245,000 Highest List Price $3,695,000 Highest Sold Price $1,150,000 Lowest Lis...
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By Russ Ravary ~ Metro Detroit Realtor call (248) 310-6239, Michigan homes for sale ~ yesmyrealtor@gmail.com
(Real Estate One)
If you are Moving to Michigan and Oakland County MI relocation is your choice then here is some general information to help you in your decision.  Oakland County MI is the wealthiest per capita county out of the 5 counties closest to Metro Detroit. Birmingham, Bloomfield Twp, Bloomfield Hills, Beverly Hills, Franklin, West Bloomfield, and Orchard Lake Village are probably the most sought after areas.  With Birmingham being the "elite" city center. Milford, Farmington, and Rochester are the cities with old tyme downtowns that are still very active. Royal Oak and Ferndale are our yuppie area.  Were the 20's and 30's age people like to live an gather.  Those cities also have a fair sized gay and lesbian population. Hazel Park, Ferndale, Oak Park, Southfield, and Lathrup Village are the clo...
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Birmingham MI Short Sale Realtor "Handling the Stress of an Unaffordable Mortgage Payment", Mike Sher (248) 644-4700 x 242, Max Broock Whenever I research the latest foreclosure and distressed property statistics, the sheer number of Americans facing the stress of losing their homes amazes me.  It is my goal to help as many homeowners I can either stay in their homes or relieve the burden of their mortgages. Knowing that there are so many that need my help is a driving force for me to continue doing what I do. In fact, I just released another report that I’ve made available on my website today. It explains the CDPE designation and lists 10 options that homeowners can take advantage of to relieve the stress that comes with owing their mortgage lenders more money than they can afford to p...
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Short Sale Tip # 61 Birmingham, Michigan:  Don't wait to start the short sale process. “You HAFA ta try!!” Mike Sher (248) 496-1572, Max Broock Realtor  Often real estate agents wait to start the short sale process until they have an offer.  This is a BAD idea and if the seller is not making payments it is a worse idea.  In short sales, time is not on your side.  So why not try and make some headway with banks before you have an offer.  Perhaps the seller can go HAFA (Home Affordable Foreclosure Avoidance) program.  This program offers full deficiency release, $3000 seller moving allowance and once approved, the bank is able to make a decision 10 days after they get an offer.  Why not try.  Sadly, some agents would rather wait to get a buyer before they start the HAFA process.  Not sure...
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Using Quotes to Achieve Success in Investment, Residential and Commercial Real Estate – Part IVBy: Robert J. Pliska, CRE, CPA Investment, residential and commercial real estate has been very trying in the last few years. An area that may help you as a real estate owner, investor and/or broker/advisor is to improve your attitude and your mental psych as we begin the road to recovery. A way to do this is to latch on to a few quotes that you feel appropriate to keep your enthusiasm up, provide momentum to get through a crisis, add a little humor to a difficult situation, use to close the next deal, provide impetus for a good return on your investment and any other way you see appropriate.. This has helped many as investment and commercial real estate advisors and owners. After all, history...
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Using Quotes to Achieve Success in Investment, Residential and Commercial Real Estate - Part III By: Robert J. Pliska, CRE, CPA Investment, residential and commercial real estate has been very trying in the last few years. An area that may help you as a real estate owner, investor and/or broker/advisor is to improve your attitude and your mental psych as we begin the road to recovery.  A way to do this is to latch on to a few quotes that you feel appropriate to keep your enthusiasm up, provide momentum to get through a crisis, add a little humor to a difficult situation, use to close the next deal, provide impetus for a good return on your investment and any other way you see appropriate.. This has helped many as investment and commercial real estate advisors and owners.  After all, his...
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Robert Pliska of Sperry Van Ness Presents the Real Estate Update to the Chamber of Commerce's Successful 2011 Forecast Series  http://bit.ly/mpRd2Z  Townsend Hotel, Birmingham Michigan May, 12, 2011 7:30 - 9:30 am
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By Cathy Tishhouse, Royal Oak Real Estate
(RE/MAX Showcase Homes)
Market Analysis & Statistics For Birmingham MI February 2011 February 2011 median sale prices increased 10% from January 2011 & a 18% increase # of homes sold. Private owned homes median price decreased 18% in February 2011 from January 2011.  Bank owned homes median price decreased 21% in February 2011 from January 2011.  February 2011 median sale price increased 26% from February 2010. Yr ending February 2011 median sale price compared to yr ending February 2010 decreased 06%.  Statistics rounded to nearest % -compiled from RealComp II data believed to be reliable. Active & Solds February 2011 231 listings: 28 Sold listings: Average List Price $596,662 Average Sold Price $325,007 Median List Price $425,000 Median Sold Price $268,500 Highest List Price $3,695,000 Highest Sold Price $95...
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By Cathy Tishhouse, Royal Oak Real Estate
(RE/MAX Showcase Homes)
Market Analysis & Statistics For Birmingham MI January 2011 January 2011 median sale prices decreased 01% from December 2010 & a 43% decrease # of homes sold. Private owned homes median price increased 27% in January 2011 from December 2010 and # of homes sold decreased 50%.  Bank owned homes median price increased 09% in January 2011 from December 2010.  January 2011 median sale price decreased 25% from January 2010. Yr ending January 2011 median sale price compared to yr ending January 20010 decreased 10%.  Statistics rounded to nearest % -compiled from RealComp II data believed to be reliable.   Active & Solds January 2011 225 listings:   23 Sold listings:   Average List Price $635,655 Average Sold Price $350,501 Median List Price $425,000 Median Sold Price $241,000 Highest List Pric...
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Oakland County Michigan: Mike Sher sold his 50thSHORT SALE Last Year!, That is 50 Foreclosures Stopped and 50 Sellers Taking Control of Their Lives! Certified Distress Property Expert servicing; Bloomfield, Beverly Hills, Birmingham, Farmington Hills, Rochester Hills, Troy, West Bloomfield, Huntington Woods, Franklin, Bingham Farms, Novi, Northville and beyond! Thank you to all of my Sellers who believed in me, to all of the Buyers who waited patiently and most of all to my Short Sale Team of Katherine, Chad, Lindsey, Heather, Heidi, Barbara and Aric.  My Team is the Real Deal and they truly care for our clients!  We are stopping Foreclosure one Short Sale at a time.  If you or someone you know has to sell and refuses to be a foreclosure statistic, please call me at 248 496-1572 or Emai...
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