Rochester Hills, MI Real Estate News

By Cathy Tishhouse, Royal Oak Real Estate
(RE/MAX Showcase Homes)
  Rochester Hills Michigan Market Analysis & Statistics Homes Sold February 2010 February 2010 median sale prices decreased 9% from January 2010 & # of homes sold stayed relatively the same. Private owned median price increased 9% in Feb. 2010 from Jan. 2010 and # of homes stayed relatively the same.  Bank owned homes median price decreased 21% in February 2010 from January 2010.  February 2010 median sale price decreased 13% from a year ago February 2009 & # homes sold increased 36% in Feb. 2010. Yr ending Feb. 2010 median sale price compared to yr ending Feb. 09 decreased 16%.  The Year to date summary (farther below), indicates that the market is still very volatile in Rochester & Rochester Hills Michigan.  February was not a good month and year to date totals are still in the negati...
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  Rochester & Rochester Hills Market Analysis & Statistics Homes Sold January 1, 2009 – December 31, 2009 These statistics compare month-to-month median price of homes sold from January 1, 2009 to December 31, 2009 in Rochester and Rochester Hills Michigan. The statistics also compare each month to the previous month in the same year and the same month in 2008.  The year ending figures on the third line compare median price of homes sold year ending January 2009 compared to year ending January 2008 and similarly each month thereafter.  The market has been fluctuating considerably from month to month.  In the last 2 months of 2009, we see significant change where home values are leveling off from the previous months in 2008 however this is small and not yet developed over time.  The year...
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By Cathy Tishhouse, Royal Oak Real Estate
(RE/MAX Showcase Homes)
  Rochester Hills Michigan Market Analysis & Statistics Homes Sold January 2010 January 2010 median sale prices increased 8% from Dec. 09 & a 27% decrease # of homes sold. Bank owned homes median price increased 28% in Jan. 2010 from Dec. 09  Private owned homes median price decreased 8% in January 2010 from December 09 & # homes sold decreased 35% in January 2010 January 2010 median sale price remained relatively the same from January 2009    Yr ending Jan. 2010 median sale price compared to yr ending Jan 09 decreased 16% Statistics rounded to nearest % -compiled from RealComp II data believed to be reliable. Active & Solds January 2010 466 listings:   46 Sold listings:   Median List Price  $229,900 Median Sold Price  $197,750  Avg. DOM 251 Avg. DOM 123 Private Owned 431 listings Priva...
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By Cathy Tishhouse, Royal Oak Real Estate
(RE/MAX Showcase Homes)
  Rochester Hills Michigan Market Analysis & Statistics Homes Sold December 2009 December 09 median sale prices remained relatively the same compared to Nov. 09 & a 16% decrease # of homes sold. Bank owned homes median price increased 6% in Dec. 09 from Nov. 09  Private owned homes median price increased 3% in December 09 from November 09 & # homes sold decreased 18% in December 09 December 09 median sale price remained relatively the same from December 08    Yr ending Dec. 09 median sale price compared to yr ending Dec. 08 decreased 18% Statistics rounded to nearest % -compiled from RealComp II data believed to be reliable. Active & Solds December 2009 494 listings:   63 Sold listings:   Median List Price  $225,950 Median Sold Price  $182,000  Avg. DOM 242 Avg. DOM 134 Private Owned 45...
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By Cathy Tishhouse, Royal Oak Real Estate
(RE/MAX Showcase Homes)
  Rochester Hills Michigan Market Analysis Homes Sold November 2009 November 09 median sale prices increased 5% from Oct. 09 & a 17% decrease # of homes sold. Bank owned homes median price decreased 22% in Nov. 09 from Oct. 09  Private owned homes median price remained steady in November 09 from Oct. 09 & # homes sold increased 11% in November 09 November 09 median sale price decreased 3% from November 08    Yr ending Nov. 09 median sale price compared to yr ending Nov. 08 decreased 18% Statistics rounded to nearest % -compiled from RealComp II data believed to be reliable. Active & Solds November 2009 535 listings:   75 Sold listings:   Median List Price  $229,000 Median Sold Price  $183,000  Avg. DOM 233 Avg. DOM 126 Private Owned 490 listings Private Owned 56 Sold  Median List Price ...
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By Cathy Tishhouse, Royal Oak Real Estate
(RE/MAX Showcase Homes)
  Rochester Hills Michigan Market Analysis Homes Sold October 2009 October 09 median sale prices remained relatively the same compared to Sept. 09 & a 21% increase # of homes sold. Bank owned homes median price increased 26% in Oct. 09 from Sept. 09  Private owned homes median price decreased 11% in October 09 from Sept. 09 & # sold increased 25% in October 09 October 09 median sale price decreased 20% from October 08    Yr ending Oct. 09 median sale price compared to yr ending Oct. 08 decreased 18% Statistics rounded to nearest % -compiled from RealComp II data believed to be reliable. Active & Solds October 2009 550 listings:   90 Sold listings:   Median List Price  $225,000 Median Sold Price  $173,750  Avg. DOM 225 Avg. DOM 95 Private Owned 495 listings Private Owned 61 Sold  Median ...
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By Russ Ravary ~ Metro Detroit Realtor call (248) 310-6239, Michigan homes for sale ~ yesmyrealtor@gmail.com
(Real Estate One)
Lately I have been showing Rochester and Rochester Hills homes to two different buyers.  Rochester is a nice stable community.  Located off I-75 or M-59 it is not too far from the City of Detroit. What I have been noticing is that many colonials have been selling for very reasonable prices.  I have looked at so many Rochester Hills homes.  If you look at the Rochester Hills homes under $250,000 you will notice that they are selling under a $100,000 a square foot. Many selling for under $80 a square foot home.  Some of these Rochester homes were move in ready.  Now that is a deal. RS ADDRESS LIST PRICE SALE PRICE DOM SQUARE FOOTAGE SP PER SQFT 3525 W AUBURN RD 36000 32000 20 1916 16.7014 737 DRESSLER LN 90000 90000 5 1336 67.3652 734 KENTUCKY DR 90000 100000 105 1612 62.0347 903 HIGH ST ...
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By Cathy Tishhouse, Royal Oak Real Estate
(RE/MAX Showcase Homes)
Rochester Hills Michigan Market Analysis Homes Sold September 2009 September 09 median sale prices decreased 15% from August 09 & a 10% increase # of homes sold. Bank owned homes median price decreased 22% in Sept. 09 from August 09  Private owned homes median price decreased 4% in September 09 from August 09 & # sold decreased 8% in September 09 September 09 median sale price decreased 22% from September 08    Yr ending Sept 09 median sale price compared to yr ending Sept 08 decreased 16% Statistics rounded to nearest % -compiled from RealComp II data believed to be reliable. Active & Solds September 2009 617 listings:   71 Sold listings:   Median List Price  $235,000 Median Sold Price  $175,000  Avg. DOM 218 Avg. DOM 128 Private Owned 569 listings Private Owned 46 Sold  Median List P...
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By Cathy Tishhouse, Royal Oak Real Estate
(RE/MAX Showcase Homes)
  Rochester & Rochester Hills Michigan Market Analysis Homes Sold August 2009 August 09 median sale prices increased 13% from July 09 & a 13% decrease # of homes sold. Bank owned homes median price increased 10% in August 09 from July 09  Private owned homes median price increased 11% in August 09 from July 09 & # sold stayed the same in August 09 August 09 median sale price decreased 1% from August 08    Yr ending August 09 median sale price compared to yr ending August 08 decreased 14% Statistics rounded to nearest % -compiled from RealComp II data believed to be reliable. Active & Solds August 2009 625 listings:   64 Sold listings:   Median List Price  $249,000 Median Sold Price  $205,000  Avg. DOM 213 Avg. DOM 93 Private Owned 585 listings Private Owned 50 Sold  Median List Price  $...
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This will be my last Short Sale Class, so if you missed the others or you are looking for an update, it will be worth your time to come.  I will have two guests with me, Aric Melder (bankruptcy Attorney) and Brent Jones (CPA).  We will cover how to negotiate short sales in detail, the legal and tax consequences of these transactions.  All three of us are local professionals with real word experience. We can not run from them anymore, so we best learn how to do them right. Thriving with Short SalesNavigating a short sale in today's market is, at best, a trying experience. REALTOR® and short sale expert Mike Sher CDPE will help you find your way when he brings this popular program to Clinton Township on September 25. Learn more. Come and check it out. Mike   Thriving with Short Sales    ...
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By Cathy Tishhouse, Royal Oak Real Estate
(RE/MAX Showcase Homes)
  Rochester & Rochester Hills Michigan Market Analysis Homes Sold July 2009 July 09 median sale prices decreased 1% from June 09 & a 12% increase # of homes sold. Bank owned homes median price increased 13% in July 09 from June 09  Private owned homes median price remained steady in July 09 from June 09 & # sold increased 18% in July 09 July 09 median sale price decreased 28% from July 08    Yr ending July 09 median sale price compared to yr ending July 08 decreased 16% Statistics rounded to nearest % -compiled from RealComp II data believed to be reliable. Active & Solds July 2009 655 listings:   74 Sold listings:   Median List Price  $234,900 Median Sold Price  $177,500  Avg. DOM 210 Avg. DOM 118 Private Owned 597 listings Private Owned 50 Sold  Median List Price  $248,000 Median Sold...
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By Cathy Tishhouse, Royal Oak Real Estate
(RE/MAX Showcase Homes)
  Rochester & Rochester Hills Michigan Market Analysis Homes Sold June 2009 June 09 median sale prices decreased 5% from May 09 & a 14% increase # of homes sold. Bank owned homes median price decreased 12% in June 09 from May 09  Private owned homes median price decreased 18% in June 09 from May 09 & # sold increased 17% in June 09 June 09 median sale price decreased 21% from June 08    Second Quarter ending June 09 decreased 17% from 2nd Quarter ending June 08 Yr ending June 09 median sale price compared to yr ending June 08 decreased 12.5% Statistics rounded to nearest % -compiled from RealComp II data believed to be reliable. Active & Solds June 2009 657 listings:   65 Sold listings:   Median List Price  $239,000 Median Sold Price  $180,000  Avg. DOM 206 Avg. DOM 124 Private Owned 59...
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By Cathy Tishhouse, Royal Oak Real Estate
(RE/MAX Showcase Homes)
  he following is a monthly market analysis for Rochester & Rochester Hills Michigan.  It compares only residential homes sold in May 2009 with April 2009 to determine the # of homes sold for the month and the increase or decrease in median sold price.  It shows all homes sold then private owned vs. Bank Owned/HUD.  In the latter part of 2008, Realtors were required to categorize ownership status so figures are not accurate for bank owned in earlier months and not calculated.  To exclude leases in data, minimum sale price used was $10,000. May 2009 Market Analysis Rochester Hills May 09 median sale prices decreased 4% from April 09 & a 21% increase # of homes sold. Bank owned homes median price decreased 11% in May 09 from April 09 # of bank owned homes sold remained the same Private ow...
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Often, sellers think that sending house keys to bank will satisfy their obligation.  It will not.  When the borrower closed their loan they signed two documents; first, "A Note" which is a promise to pay and second "The Mortgage" offering the home as collateral.  These are two different documents; the loan is a promise to pay the FULL AMOUNT owed or amounts if you have multiple notes/loans.  The MORTGAGE, allows the bank to seize the asset, BUT it does not allow forgiveness if the asset is worth less then the note.  The bank can and most likely will at some date try to collect the difference.   They can hire collection companies, attorneys and even garnish wages.   The bank can also 1099 you for the charge off and put a foreclosure on your credit record. So to walk away is just a short ...
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By Cathy Tishhouse, Royal Oak Real Estate
(RE/MAX Showcase Homes)
  The following is a monthly market analysis for Rochester & Rochester Hills Michigan.  It compares only residential homes sold in April 2009 with March 2009 to determine the # of homes sold for the month and the increase or decrease in median sold price.  It shows all homes sold then private owned vs. Bank Owned/HUD.  In the latter part of 2008, Realtors were required to categorize ownership status so figures are not accurate for bank owned in earlier months and not calculated.  To exclude leases in data, minimum sale price used was $10,000. Market Analysis for Rochester & Rochester Hills April 2009 April 09 median sale prices increased 2% from March 09 & a 1% increase # of homes sold. Bank owned homes median price decreased 17% in April 09 from March 09 # of bank owned homes increased...
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By Cathy Tishhouse, Royal Oak Real Estate
(RE/MAX Showcase Homes)
The following is a monthly market analysis for Rochester & Rochester Hills Michigan.  It compares only residential homes sold in March 2009 with Feb. 2009 to determine the # of homes sold for the month and the increase or decrease in median sold price.  It shows all homes sold then private owned vs. Bank Owned/HUD.  In the latter part of 2008, Realtors were required to categorize ownership status so figures are not accurate for bank owned in earlier months and not calculated.   Rochester Hills Market Analysis also compares first quarter 09 to 08 and year ending March 2008 to March 2009.  To exclude leases in data, minimum sale price used was $15,000. Market Analysis March. 09 median sale prices decreased 7% from Feb. 09 & a 30% increase # of homes sold. Bank owned homes median price dec...
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By Robert Shumake
(Inheritance Capital Group, LLC)
In the world of investing there are two kinds of people, those who make money and see a profit and those that don't. Everyone wants to be a part of the first group, but not everyone knows how to do it.   If you are truly to do well in investing, you have to take a few lessons from the big dogs. After all, they got to where they are through years of hard work and investing. They must have done something right.   The first thing you need to know is where to invest your money. Many of those money moguls will tell you their fortunes were made in real estate.   Look at Donald Trump! His whole career was made on the right real estate moves at the right time. Another thing to consider is that real estate is an asset, instead of a more fluid commodity that could disappear overnight. What if the...
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By Cathy Tishhouse, Royal Oak Real Estate
(RE/MAX Showcase Homes)
The following is a monthly market analysis for Rochester Hills Michigan.  It compares only residential homes sold in Jan. 2009 with Dec. 2008 to determine the # of homes sold for the month and the increase/decrease in average sold price.  It also distinguishes how many homes were recorded to be Bank Owned/HUD. as opposed to private owned.   First figures include private, bank owned and short sales.  In the latter part of 2008, Realtors were required to categorize ownership status so figures may not truly reflect the actual number of bank owned Jan. 2008.  To insure that most leases were not included in data, minimum sale price used was $20,000. Active & Solds January 2009 521 listings:   30 Sold listings:   Average List Price $310,976 Average Sold Price $182,312 Highest List Price $2,49...
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Exercise:  Another Billion Dollar Tip from Bill Bartmann   Bill Bartmann defines Self Esteem as your opinion of yourself; your level of self esteem plays an important role in your being capable of meeting your goals in spite of life's challenges.    Bill Bartmann's definition of Self Image is how you see yourself; it does have an effect on your self esteem.  Your self image can be how you see yourself physically or your opinion of who you are as a person.    Let's address your self image as to how you see yourself physically.  This is where exercise can play a major role in improving your self image.  Being physically fit and feeling physically stronger will, at the same time, improve how you look.   Exercising regularly will enhance your level of self esteem while improving your mental...
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By Cathy Tishhouse, Royal Oak Real Estate
(RE/MAX Showcase Homes)
The following is an end of the year market analysis for Rochester Hills Michigan.  It compares only residential homes sold in 2007 with 2008 to determine the # of homes sold for the year and the increase/decrease in average sold price.  It also distinguishes how many homes were recorded to be Bank Owned as opposed to private owned.   Total number of Homes Sold include private, bank owned and short sales.  In the latter part of 2008, Realtors were required to categorize ownership status so figures may not truly reflect the actual number of bank owned for 2007 and part of 2008.  To insure that most leases were not included in data, minimum sale price used was $15,000. 57 Bank Owned Homes sold in 2007 Average List Price $220,239.00 Average Sold Price $208,898.00 Highest List Price $729,000...
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