Skip down to page content.

Contact Information

Photo of The Marker Team Real Estate
The Marker Team
Keller Williams Realty
39500 Orchard Hill Place, Suite 100
Novi MI 48375
248-348-1500
Fax: 623-321-4757

Blog

Displaying blog entries 1-3 of 3

Livonia Market Statistics

 Statistics for Livonia for 2006, 2007 and currently in 2008!

According to the National Association of Home Builders/Wells Fargo Housing Opportunity Index, Detroit-Livonia-Dearborn, Michigan is one of the top 10 most affordable large metro areas. With that being said, the graph below shows the Listing Price Statistics for the years 2006, 2007 and current for 2008. The additional graph below shows the Listing Price Statistics for REO's (Bank Foreclosures) in 2006, 2007 and current for 2008. Below is the inventory history for all three years.

Listing Statistics for 2006, 2007, 2008 Ytd for city of Livonia.

 2008 Current Inventory
Active Listings 777
Sold Listings 75.58
Month's supply 10.36

2007 Inventory
Active Listings 907
Sold Listings 12
Month's Supply 75.58

2006 Inventory
Active Listings 760
Sold Listings 12
Month's Supply 63.33

 

As you can see from looking at the graphs, the high listing prices are still high for both, but the REO listings are significantly lower than those in the normal listings prices.  Below is the inventory history for REO's for all three years. 
 

2008 Current Inventory
Active Listings 777
Sold Listings 81
Month's supply 18.5

2007 Inventory
Active Listings 907
Sold Listings 89
Month's Supply 10.0

2006 Inventory
Active Listings 760
Sold Listings 33
Month's Supply 4.3

The amount of solds for REO"s have been going up the past few years. It is not even the middle of the year and we are close to half of what sold last year.

REO Listing Price Statistics for 2006, 2007, and 2008 Ytd for city of Livonia

Thanks for viewing my home market report  for Livonia.nbsp; Also, if your interested in a foreclosure or bank owned home, send me an email and I will set you up on a special email notification as they come on the market.

Home Fire Safety in Detroit MI

With the recent coverage of the devastating fires in California, home fire safety is a most timely topic.  Although we may not be at great risk for wildfires here in Michigan, winter is peak season for home fires due to the use of various heating sources.  An important part of responsible home ownership is having a plan for keeping you and your family safe in the event of a fire.

 

This printable Fire Safety Checklist, provided by FireSafety.gov, is a great resource for determining what fire hazards may lurk in your home, how to make them less hazardous, and what to do in the event of a fire.  The Today Show also provided some useful tips to ensure you would know what to do if you had to evacuate your home in the event of fire.  These tips include:

 

Make copies of your documents.  Either put them in a waterproof and fire-proof safe, or give the copies to a trusted friend or relative.  Make electronic copies, as well.  Remember that valuables left in a safe deposit box at a bank could also be destroyed in the case of a widespread natural disaster.

Get your insurance information in order.  If disaster strikes, make your claim right away, and be sure to take pictures of the damage.

Prepare an emergency kit.  Don’t wait until it’s too late.  Gather essential items such as a battery operated radio, bottled water, food, medication, blanket, first-aid kit, etc.

Come up with a family plan.  Again, do it now!  Make sure everyone knows where the important documents are, and agree on a meeting place in case you become separated.

 

Many of these items are tips we hear over and over again, but they never really seem useful until a disaster strikes close to home.  By the time that happens, of course, it is generally too late to put the tips to use.  Preparedness now can save time and, possibly, lives later.

 

If you are thinking of becoming a homeowner in Detroit MI, please call me today at 248-348-1500 or visit TheMarkerTeam.com.  You may also begin searching Detroit MI real estate here!

About Livonia MI

Livonia MI has low taxes, great schools, wonderful housing stock, and is in very close proximity to Downtown Detroit. In short, Livonia is truly a great place to call home.

Now is a great time to learn more about Livonia MI real estate and Metro Detroit real estate. Low interest rates and phenomenal prices make this a great buyer’s market. To search the Realtor database, go to MichiganHouseListings.com. Please also feel free to call us at 248-348-1500 for all of  your Livonia/Detroit real estate needs.
The Marker Team
Keller Williams Realty
39500 Orchard Hill Place, Suite 100
Novi MI 48375
© 2003 – 2010 Real Pro Systems, LLC
Last modified 9/8/2010