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Lower Straits Lake, Commerce MI Lakefront Real Estate

Posted in Commerce, lakefront general, market conditions, tagged homes for sale on lower straits lake, lower straits lake, lower straits lake real estate, lower straits lakefront homes on January 2, 2013| Leave a Comment »

Lower Straits Lake is a 235 acre all sports lake located in Commerce Township, Oakland County Michigan.

Lower Straits Lake connects to Middle Straits Lake. Water flows from Upper Straits Lake into Middle Straits Lake then into Lower Straits Lake and back into the Huron River. Water levels can be supplemented by water that is pumped from the Huron River into Upper Straits Lake by the Oakland County Drain Commission.

There is currently no public access on Lower Straits Lake.

As reported in Realcomp II MLS:

2012- 6 sales so far ranging in price from $130,000-$3,900,000
2011- 9 sales ranging in price from $57,700-$1,225,000
2010- 4 sales ranging in price from $168,000-$1,000,000
2009- 7 sales ranging in price from $70,000-$800,000

Compliments of Jackie Hawley, Realtor of the JHawley and Associates Real Estate Team at ReMax Encore in Clarkston MI.

Cell: (248)736-6407

Jackie@JackieHawley.com

www.SearchMichiganMLSListings.com

Lower Straits Lake

www.OaklandCountyMichiganLakes.com

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Clarkston MI Lakefront Homes For Sale

White Lake/Highland MI Lakefront Homes For Sale

Lake Orion/Oxford/Addison MI Lakefront Homes For Sale

Lapeer MI Lakefront Homes For Sale

www.LakeOaklandHomes.com

www.MacedayLake.com

Sylvan and Otter Lake

www.LakeOrionLakeFrontRealEstate.com

For Sellers- www.JHawleyAndAssoc.com

For Sellers- www.AreaRealEstateExperts.com

www.ClarkstonMichiganRealEstate.com

www.MiRelocation.com

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Lower Straits Lake Commerce Twp MI Lakefront Home Sales

Posted in Commerce, lakefront general, market conditions, tagged all sports lake, commerce mi lake, homes for sale on lower straits lake, lakefront real estate lower straits lake, lower straits, lower straits lake, the straits on January 2, 2013| Leave a Comment »

Lower Straits Lake Commerce Twp MI Lakefront Home Sales

Median sales price on all sports Lower Straits Lake and the average sales price on Lower Straits Lake are both more than doubled this year over last year. This doesn’t mean prices went up over 100% in just a year’s time. But if you are a higher end buyer or seller you will probably have less appraisal issues than in the past.

So far this year there have been 3 less sales on Lower Straits Lakes than all of 2011.

Distressed sales are down. Way down. In 2011 distressed sales (foreclosures and short sales) made up 44% of all sales on Lower Straits Lake. So far in 2012 there has only been 1 distressed sale on Lower Straits Lake or 17% of lake sales.

Unit Sales:

2011- 9
2012- 6

Average Sale Price:

2011- $535,222
2012- $1,173,250

Median Sale Price:

2011- $388,000
2012- $999,500

Sales Volume:

2011- $4,817,000
2012- $7,038,500

Foreclosures (units):

2011- 0
2012- 1

Short Sales (units):

2011- 4
2012- 0

There are currently 4 active listings on Lower Straits Lake– ranging in asking price from $895,000-$1,699,000. 1 short sale and the rest are normal listings.

Lower Straits Lake is a 235 acre all sports lake located in Commerce Township in Oakland County, MI.

Compliments of Jackie Hawley, Realtor of the JHawley and Associates Real Estate Team at ReMax Encore in Clarkston MI.