MICHIGAN IN REVIEW 2015 Southeast Michigan Year-End Market Trend Report

Transcription

1 MICHIGAN IN REVIEW 2015 Southeast Michigan Year-End Market Trend Report

2 Our proud accomplishments almost $2,000,000 total charitable contributions since 2004 Best and Brightest This is the second year the Real Estate One Family of Companies has received this award. The competition honors organizations that display a commitment to excellence in their human resource practices and employee enrichment. Community Involvement Our team members have volunteered thousands of hours of their time and hundreds of thousands of dollars to support their local communities along with key organizations such as Special Olympics Michigan, Alzheimer s Association, Lymphoma and Leukemia Foundation, Multiple Sclerosis and many more. Ranked 6 th in the State! For the fifth year in a row, the Real Estate One family was named by Workplace Dynamics/Detroit Free Press as one of the Top Workplaces in Michigan (6th). Sales Volume for 2015 (Closed Transactions) $5 billion Homes Sold/Leased 24,171 Unique Visits to our Websites 2.7 million Showing Appointments for our Listings 184,164 Mortgage Loans/Title & Insurance Policies Closed 11,446 excludes franchises

3 BEST of the Best Sales Associates Coldwell Banker Schmidt Realtors Family Our Family of Companies is home to over twice as many of Michigan s Top Producing Sales Associates than any other broker, equal to the next four competitors combined. It s our focus to give the extra support needed for our sales associates to get to the very top. Coldwell Banker Weir Manuel Keller Williams Realty of Grand Rapids Keller Williams Northville RE/MAX Classic Number ONE in the STATE The Family of Companies Coldwell Banker Schmidt REALTORS Berkshire Hathaway HomeServices Coldwell Banker Weir Manuel Greenridge Realty, Inc. Five Star Real Estate Coldwell Banker Hubbell BriarWood Charles Reinhart Company Keller Williams Realty of Grand Rapids RE/MAX Classic 4,000 10,000 16,000 22,000 Source: REAL Trends Market Leaders for Number ONE in the REGION No. of licensed Gross Sales Gross Sales No. of residential Brokers and ($000,000) ($000,000) transactions registered sales No. of Rank Company closed in 2014 representatives offices 1 REAL ESTATE ONE FAMILY $4,274.1 $4, ,290 1, Coldwell Banker Weir Manuel 1, , , Re/Max Classic , Howard Hanna , Re/Max Platinum , Century 21 Town & Country , Hall & Hunter Realtors , Signature Sotheby s International Realty Keller Williams Realty Novi/Northville , Real Estate Affiliates Keller Williams WB & Commerce , Keller Williams Plymouth/Canton , Century 21 Curran & Christie Inc , The 2014 ranking chart was only published in the December 2015 Crain s Detroit Business 2016 Book of Lists.

4 / /14 Selected Cities Sales % Chng Median * % Chng The Number of Homes For Sale The Number of Days on Market The Number of Homes Sold Median Price Changes in median values reflect both appreciation and shifts in types of homes purchased. A decline reflects a shift to lower priced homes not a decline in value. Addison Twp./Leonard 93 58% $285,000 14% Auburn Hills/Lake Angelus % $145,500 12% Berkley % $170,450 10% Beverly Hills 200-8% $335,000 15% Bingham Farms Vlg % $314,950-6% Birmingham % $505,000 56% Bloomfield Hills 88-3% $447,500-25% Bloomfield Twp % $362,500 15% Brandon Twp % $230,000 7% Clarkston 23 10% $155,000-43% Clawson 256-7% $148,000 2% Commerce Twp % $225,000 13% Davisburg/Springfield Twp % $238,000 3% Farmington 192 7% $157,000-2% Farmington Hills % $210,000 13% Ferndale % $122,950 3% Franklin Vlg. 56-5% $370,000-14% Groveland Twp % $227,750-1% Hazel Park % $44,000 29% Highland Twp % $225,000 15% Holly Twp./Vlg % $152,000 18% Huntington Woods % $285,000-3% Independence Twp % $232,000-1% Keego Harbor 52 11% $119,000 33% Lake Orion Vlg % $205,100 28% Larthup Vlg % $158,500 2% Lyon Twp % $321,000 2% Madison Heights % $105,000 27% Milford Twp./Vlg % $313,000 19% Novi/Novi Twp % $268,500 18% Oak Park % $85,500 21% Oakland Twp % $436,900 21% Orchard Lake Vlg % $347,500-27% Orion Twp % $219,900-2% Ortonville Vlg % $95,000-33% Oxford Twp./Vlg % $235,000 6% Pleasant Ridge 73 24% $312,750 38% Pontiac % $47,000 68% Rochester % $267,500-9% Rochester Hills % $255,000 9% Rose Twp % $255,000 42% Royal Oak/Twp % $189,500 8% South Lyon % $159,400 0% Southfield/Twp % $118,900 23% Sylvan lake 41-16% $192,000-3% Troy % $266,750 14% Walled Lake % $135,000 17% Waterford % $132,000 6% West Bloomfield % $249,450 11% White Lake Twp % $230,000 10% Wixom % $220,000 12% Wolverine Lake Vlg. 68-6% $159,900 11% Oakland County

5 OAKLAND COUNTY market inventory report detail oct-dec 2015 * Seller s Market 2 month or less Normal Market 3-6 months Over 6 months No sales this period in area and price range Months supply computed with a seasonal multiplier. In a Seller s Market, buyers must still be willing to act quickly with a strong offer. For sellers, gauge your negotiating strength by the number of showings you are getting. Watch market conditions. Normal markets tend to be a short term transition towards either a buyer or seller market. Reevaluate your marketing strategy and price every 30 days. In a, balance the best combination of price and terms to insure your house is sold in an acceptable timeframe. If there is an 18-month supply of homes, make sure your home sells in month 1 not month 18.

6 The Number of Homes For Sale The Number of Days on Market Macomb County / /14 Selected Cities Sales % Chng Median * % Chng The Number of Homes Sold Median Price Armada Twp./Vlg 55 62% $183,750 2% Bruce Twp % $370,750 29% Centerline 68-37% $96,750 79% Chesterfield Twp % $172,500 8% Clinton Twp % $137,950 17% Eastpointe % $54,900 17% Fraser 177-4% $120,750 15% Harrison Twp % $159,190 17% Lenox Twp % $215,500 27% Macomb Twp % $250,500 7% Mt. Clemens % $85,000 31% New Baltimore % $158,250-20% New Haven 53-13% $131,500 4% Ray Twp % $235,900 26% Richmond/Richmond Twp % $166,500 16% Romeo % $186,400 36% Roseville % $69,000 29% Shelby Twp./Utica % $227,152 23% St. Clair Shores % $114,500 15% Sterling Heights % $165,000 8% Warren % $110,000 39% Washington Twp % $288,000 7% Changes in median values reflect both appreciation and shifts in types of homes purchased. A decline reflects a shift to lower priced homes not a decline in value.

7 MACOMB COUNTY market inventory report detail oct-dec 2015 * Seller s Market 2 month or less Normal Market 3-6 months Over 6 months No sales this period in area and price range Months supply computed with a seasonal multiplier. In a Seller s Market, buyers must still be willing to act quickly with a strong offer. For sellers, gauge your negotiating strength by the number of showings you are getting. Watch market conditions. Normal markets tend to be a short term transition towards either a buyer or seller market. Reevaluate your marketing strategy and price every 30 days. In a, balance the best combination of price and terms to insure your house is sold in an acceptable timeframe. If there is an 18-month supply of homes, make sure your home sells in month 1 not month 18. We belong to the largest network of premier independent brokers Luxury Portfolio International (LPI) is the luxury division of Leading Real Estate Companies of the World the largest global network of premier locally branded companies. LPI is unmatched in terms of global visibility with properties throughout the nation and over 30 countries. Your property will receive worldwide exposure at LuxuryPortfolio.com which features 25,000 of the world s most remarkable homes annually and attracts over 3 million high-net-worth ($1.1m household income) visitors a year. Web visitors from over 200 countries/territories visit the site every month.

8 The Number of Homes For Sale The Number of Days on Market Livingston County The Number of Homes Sold Median Price / /14 Selected Cities Sales % Chng Median * % Chng Brighton % $174,500-7% Brighton Twp % $246,500-3% Cohoctah Twp % $178,000 24% Conway Twp. 57 2% $178,000 14% Deerfield Twp % $124,000-43% Fowlerville Vlg. 48 0% $101,500-20% Genoa Twp % $220,000-6% Green Oak Twp % $266,075 11% Hamburg Twp % $245,000 9% Handy Twp. 97 7% $155,000 2% Hartland Twp % $220,000-8% Howell % $167,400 22% Howell Twp % $143,000-22% Iosco Twp % $217,925 25% Marion Twp % $219,000 2% Oceloa Twp % $229,000 12% Pinckney Twp. 56 8% $196,350 23% Putnam Twp % $203,500 1% Stockbridge/Stockbridge Twp % $158,500 35% Tyrone Twp % $272,000 22% Unadilla Twp % $201,500 49% Changes in median values reflect both appreciation and shifts in types of homes purchased. A decline reflects a shift to lower priced homes not a decline in value.

9 LIVINGSTON COUNTY market inventory report detail oct-dec 2015 * Seller s Market 2 month or less Normal Market 3-6 months Over 6 months No sales this period in area and price range Months supply computed with a seasonal multiplier. In a Seller s Market, buyers must still be willing to act quickly with a strong offer. For sellers, gauge your negotiating strength by the number of showings you are getting. Watch market conditions. Normal markets tend to be a short term transition towards either a buyer or seller market. Reevaluate your marketing strategy and price every 30 days. In a, balance the best combination of price and terms to insure your house is sold in an acceptable timeframe. If there is an 18-month supply of homes, make sure your home sells in month 1 not month 18. Congratulations! Our owners and leaders, Stuart and Dan Elsea, received esteemed recognition for their efforts and contributions in the world of real estate. They both earned a spot on the The Most Powerful People in Residential Real Estate list in the 2016 edition of the Swanepoel Power 200 (SP200). Dan and Stuart were ranked 42nd among 200 of the top real estate leaders and executives in the nation.

10 The Number of Homes For Sale The Number of Days on Market Washtenaw County The Number of Homes Sold Median Price / /14 Selected Cities Sales % Chng Median * % Chng Ann Arbor Condo 622-5% $174,000 6% Ann Arbor Residential % $295,000-1% Chelsea % $267,500 11% Dexter % $280,000-6% Grass Lake 81-6% $210,000 19% Manchester 75 34% $224,250 20% Milan 163 8% $164,900 0% Pinckney 72-29% $220,000 8% Saline % $269,200-15% Ypsilanti 446 7% $150,000 20% Changes in median values reflect both appreciation and shifts in types of homes purchased. A decline reflects a shift to lower priced homes not a decline in value.

11 WASHTENAW COUNTY market inventory report detail oct-dec 2015 CONDO RESIDENTIAL * Months * supply computed with a seasonal multiplier. In a Seller s Market, buyers must still be willing to act quickly with a strong offer. For sellers, gauge your negotiating strength by the number of showings you are getting. Seller s Market 2 month or less Normal Market 3-6 months Over 6 months No sales this period in area and price range Watch market conditions. Normal markets tend to be a short term transition towards either a buyer or seller market. Reevaluate your marketing strategy and price every 30 days. In a, balance the best combination of price and terms to insure your house is sold in an acceptable timeframe. If there is an 18-month supply of homes, make sure your home sells in month 1 not month 18. Social Media Our company is active on many social media platforms including Facebook, Twitter, Google +, and more. From local community news to industry updates, our corporate-led social media accounts cover a range of current topics. Make sure to Follow, Like and Share all of our accounts so you can stay up-to-date with company happenings and learn even more about what s going on in the world of real estate!

12 The Number of Homes For Sale The Number of Days on Market Wayne County The Number of Homes Sold Median Price / /14 Selected Cities Sales % Chng Median * % Chng Belleville 65-2% $138,000 25% Canton % $217,000 9% Dearborn % $112,500 6% Dearborn Hgts % $90,000 13% Garden City 449-5% $82,250 10% Huron Twp % $227,900 21% Inkster % $18,000 3% Livonia % $159,500 6% Northville/Northville Twp % $335,000 2% Plymouth/Plymouth Twp % $254,250 4% Redford % $63,050 19% Romulus % $78,500 23% Sumpter Twp % $150,000 18% Van Buren 322 7% $169,000-1% Wayne % $65,000 14% Westland % $102,250 11% Changes in median values reflect both appreciation and shifts in types of homes purchased. A decline reflects a shift to lower priced homes not a decline in value.

13 WAYNE COUNTY market inventory report detail oct-dec 2015 * Seller s Market 2 month or less Normal Market 3-6 months Over 6 months No sales this period in area and price range Months supply computed with a seasonal multiplier. In a Seller s Market, buyers must still be willing to act quickly with a strong offer. For sellers, gauge your negotiating strength by the number of showings you are getting. Watch market conditions. Normal markets tend to be a short term transition towards either a buyer or seller market. Reevaluate your marketing strategy and price every 30 days. In a, balance the best combination of price and terms to insure your house is sold in an acceptable timeframe. If there is an 18-month supply of homes, make sure your home sells in month 1 not month 18. WORLD International Connections We are a member of the largest global referral network, Leading Real Estate Companies of the World (LeadingRE). If you add up all of the independently owned broker affiliates belonging to the LeadingRE, the network is larger than global franchise networks such as Sotheby s, Coldwell Banker, Keller Williams, RE/MAX, etc. Leading Real Estate 27% Companies of the World LEADING Coldwell Banker REAL ESTATE Keller Williams COMPANIES RE/MAX 8.4% 7% OF THE WORLD Unaffiliated Firms UNAFFILIATED 696,918 UNITS Berkshire Hathaway FIRMS FIRMS Home Services 217, ,449 UNITS UNITS Century 11.1% 21 12% 19.8% RE/MAX 19.3% Sotheby s International Realty RE/MAX COLDWELL ERA 287, , % 14.6% BANKER UNITS Better Homes & Gardens UNITS KELLER KELLER 497, ,831 UNITS WILLIAMS Realty Executives 443,014 HomeSmart 377,341 UNITS Other UNITS Real Living Prudential Source: REAL Trends Top 500 for 2014 production

14 The Number of Homes For Sale The Number of Days on Market Downriver The Number of Homes Sold Median Price / /14 Selected Cities Sales % Chng Median * % Chng Allen Park % $99,900 11% Brownstown Twp % $175,000 13% Ecorse 50-7% $15,450 29% Flat Rock 94-27% $116,000-10% Gibraltar 49-34% $120,000 8% Grosse Ile % $219,000 1% Lincoln Park % $50,100 17% Melvindale % $57,750 34% River Rouge 36-27% $17,050 62% Riverview 142 2% $139,000 14% Rockwood 27-25% $170,000 62% Southgate % $86,000 8% Taylor 679-9% $63,250 10% Trenton 308 3% $132,400 10% Woodhaven % $120,000-5% Wyandotte 372-7% $79,500 5% Changes in median values reflect both appreciation and shifts in types of homes purchased. A decline reflects a shift to lower priced homes not a decline in value.

15 DOWNRIVER market inventory report detail oct-dec 2015 * Seller s Market 2 month or less Normal Market 3-6 months Over 6 months No sales this period in area and price range Months supply computed with a seasonal multiplier. In a Seller s Market, buyers must still be willing to act quickly with a strong offer. For sellers, gauge your negotiating strength by the number of showings you are getting. Watch market conditions. Normal markets tend to be a short term transition towards either a buyer or seller market. Reevaluate your marketing strategy and price every 30 days. In a, balance the best combination of price and terms to insure your house is sold in an acceptable timeframe. If there is an 18-month supply of homes, make sure your home sells in month 1 not month 18. # 10 NATIONWIDE for mortgage closings.* Conventional, Jumbo, FHA/ VA, USDA mortgages as well as niche products such as a zero down Doctor Loan. (248) JohnAdamsMortgage.com # 13 NATIONWIDE for providing homeowners insurance policies.* Complete insurance coverage from a variety of carriers. (800) InsOne.com CAPITAL TITLE INSURANCE AGENCY # 8 NATIONWIDE by title closings.* Convenient online paperless closing process. (248) CapitalTitle.net *Ranked by 2015 REAL Trends 500 of Top 500 firms

16 The Number of Homes For Sale The Number of Days on Market St Clair County The Number of Homes Sold Median Price / /14 Selected Cities Sales % Chng Median * % Chng Algonac 60 54% $129, % Berlin Twp 78 18% $177,500 69% Brockway Twp % $109,000 24% Burtchville Twp 28-7% $117,450-35% Capac Vlg 24 9% $129, % Casco Twp % $208,000-4% China Twp 36 89% $170,000-6% Clay Twp % $165,000-6% Clyde Twp 65 23% $163,000 36% Columbus Twp 31-24% $225,500-1% Cottrellville Twp 32 39% $165,000-10% East China Twp 38-10% $184,654 15% Emmett Twp/Vlg 20 5% $137,000-21% Fort Gratiot Twp 137-8% $143,500 1% Grant Twp 23 64% $98,500-38% Greenwood Twp 19 6% $149,900 53% Ira Twp 44 5% $161,500 2% Jeddo 0-100% $- -100% Kenockee Twp 31 82% $109,000-15% Kimball Twp 117-6% $98,100 21% Lynn Twp 9-18% $120,000 56% Marine City 30-9% $79,490 18% Marysville % $126,000 11% Changes in median values reflect both appreciation and shifts in types of homes purchased. A decline reflects a shift to lower priced homes not a decline in value.

17 ST CLAIR COUNTY market inventory report detail oct-dec 2015 Available for iphone, ipad & Android on itunes or the Play Store * Seller s Market 2 month or less Normal Market 3-6 months Over 6 months No sales this period in area and price range Months supply computed with a seasonal multiplier. In a Seller s Market, buyers must still be willing to act quickly with a strong offer. For sellers, gauge your negotiating strength DOWNLOAD THE by the number APPof showings you are getting. Watch market conditions. Normal markets tend to be a short term transition towards either a buyer or seller market. Reevaluate your marketing CONNECTED strategy and price every 30 days. ON In a Buyer s THE Market, balance GOthe best combination of price and terms to insure your house is sold in an acceptable timeframe. Make the search If there is an 18-month supply for local real estate of homes, make easier! sure your home sells in month 1 not month 18. Stay Download Michigan Real Estate Search Make the search for local real estate easier! Get 24/7 service right at your fingertips with our free mobile app. You can perform a GPS-enabled search of Michigan MLS listings, use the interactive drawing map, look up Sold property information and view full-scale photo property details from absolutely anywhere using your smartphone. Search for Michigan Real Estate Search available for use with iphones, ipads and Androids, found on itunes or in the Play Store.

18 City of Detroit The Number of Homes For Sale The Number of Days on Market Grosse Pointe The Number of Homes For Sale The Number of Days on Market The Number of Homes Sold Median Price The Number of Homes Sold Median Price

19 EXcellence Caring Integrity Teamwork Empowerment! At Family of Companies our core values represent what is most important to us. These beliefs are practiced every day, whether we are interacting with one another or our clients. From being honored as a Top Workplace to running the largest real estate business in Michigan, our EXCITEment has driven us to success.

20 CORPORATE OFFICES Family of Companies Northwestern Hwy. Suite 100 Southfield, MI Charles Reinhart Company 2200 Green Rd. Ann Arbor, MI LIVINGSTON COUNTY BRIGHTON 8685 W. Grand River Ave HOWELL* 2442 East Grand River MACOMB COUNTY CHESTERFIELD Advantage Realty Gratiot Ave CLINTON TWP Hall Rd FRASER Utica Rd. Suite ST. CLAIR SHORES Harper Ave RealEstateOne.com SHELBY TWP Schoenherr Rd OAKLAND COUNTY BIRMINGHAM Max Broock 275 S. Old Woodward Ave BLOOMFIELD HILLS Max Broock 4120 Telegraph Rd CLARKSTON 31 S. Main St CLARKSTON Max Broock 27 S. Main St COMMERCE TWP-LAKES 8430 Richardson Rd MILFORD 560 N. Milford Rd NOVI Grand River Ave. Suite D Novi@RealEstateOne.com ORTONVILLE* 875 S. Ortonville Rd. Suite C ROCHESTER 543 N. Main St Rochester@RealEstateOne.com ROCHESTER Max Broock 543 N. Main St MBIRoch@MaxBroock.com ROYAL OAK Woodward Ave RoyalOak@RealEstateOne.com SOUTHFIELD Southfield Rd. Suite Lathrup@RealEstateOne.com SOUTH LYON 346 N. LaFayette St SouthLyon@RealEstateOne.com TROY 70 W. Long Lake Rd Troy@RealEstateOne.com WEST BLOOMFIELD REO/MB 6960 Orchard Lake Rd. Suite WBloomfield@RealEstateOne.com WASHTENAW COUNTY ANN ARBOR SOUTH Reinhart 500 E. Eisenhower ANN ARBOR WEST Reinhart 2355 West Stadium ANN ARBOR EAST Reinhart 2452 East Stadium ANN ARBOR NORTH Reinhart 2200 Green Rd ANN ARBOR 555 Briarwood Circle Suite CHELSEA Reinhart 800 South Main DEXTER 7444 Dexter-Ann Arbor Suite I & J Dexter@RealEstateOne.com MILAN 1164 Dexter St SALINE Reinhart 1020 E. Michigan E. Michigan Ave YPSILANTI 1661 S. Huron Street WAYNE COUNTY DEARBORN Michigan Ave DearbornHgts-Dearborn@ RealEstateOne.com DEARBORN HEIGHTS Ford Rd DearbornHgts@ RealEstateOne.com DOWNRIVER/SOUTHGATE One Heritage Place GROSSE POINTE Johnstone & Johnstone 82 Kercheval Ave Johnstone@RealEstateOne.com LIVONIA Seven Mile Rd. Suite Livonia@RealEstateOne.com PLYMOUTH 217 Ann Arbor Rd. Suite Plymouth@RealEstateOne.com TRAVERSE CITY AREA BELLAIRE 515 E. Cayuga St BEULAH 275 N. Michigan Ave CADILLAC 1027 N. Mitchell St. Suite ELK RAPIDS 101 River St FRANKFORT 523 Main St GLEN ARBOR 6673 W. Western LELAND 113 N. Main St SUTTONS BAY 422 St. Joseph TRAVERSE CITY 511 East Front St Randolph St THROUGHOUT MICHIGAN ALGONAC* 2615 Pt. Tremble ALPENA* 215 W. Chisholm Lori@LoriStephan.com CARO* 361 N. State St. Suite GaryKing@RealEstateOne.net CASEVILLE* 6974 Main St. (M-25) MichaelP@avci.net CHARLEVOIX* 1200 Bridge St BobKern@voyager.net CHEBOYGAN* North Straits Hwy DennyREO@core.com EVART* 107 East US REOEvart@netonecom.net FARWELL* 1775 W. Ludington Dr info@realestateonecentral.com FENTON* 425 Rounds Dr DennyManuel@gmail.com GAYLORD* 236 West Main St Wendie@WendieForman.com GLADWIN* 1005 North State St RE1Gladwin@yahoo.com GRAND RAPIDS* 1750 Grand Ridge Court Northeast Suite GREENVILLE* 309 1/2 Lafayette Suite HARBOR BEACH* 128 North Huron Ave MichaelP@avci.net HIGGINS LAKE* 4556 West Higgins Lk Dr REOHiggins@i2K.com HOLT* 4525 Willoughby Rd RealEstateOne1st@yahoo.com HOUGHTON LAKE* 7122 West Houghton Lk INDIAN RIVER* 3792 Sturgeon REOIR@voyager.com JACKSON* 225 Fifth St NoraSharpe@RealEstateOne.net LAPEER* 1101 South Lapeer Rd KHuber@REOGardner.com LEWISTON* 3020 Kneeland St Real1@NEMichigan.com MARINE CITY* 505 West Blvd Sold@WestrickTeam.com MIO* 422 1/2 Morenci St Homes@RealEstateOneMio.com OSCODA* 213 S. State St Lori@LoriStephan.com PETOSKEY* 1349 S. US Highway Office@REOPetoskey.com PORT HURON* 1111 Military Rd SteveAdams@ RealEstateOne.com RICHMOND* Main St Info@REOEdgington.com ROGERS CITY* 298 Wenonah Dr RealEstateOne@ CharterInternet.com *franchise locations