Wayne & Oakland County Real Estate Update – January 2012

March 5, 2012 By

Metro Detroit Real Estate Sees Big Gains

When comparing January 2011 to January 2012, the Metro Detroit real estate market saw the biggest gain in home and condo sales with a 7% increase. Wayne County home and condo sales had a 4.8% increase and Oakland County had a slight decrease of 1.1%. When looking at the median sale price, Metro Detroit and Oakland County each had an increase of 5.3%, while Wayne County saw a decrease of 5.4%. Inventory continues to decline, with an average of 22.4% less homes on the market, and sales generally remain strong.

Wayne & Oakland County Home Sales Graph January 2012

The Metro Detroit and Oakland County real estate markets both had a 5.3% increase in the median home prices in January, compared with 2011. Wayne County, which includes Plymouth and Canton real estate, saw a decrease of 5.4%. A few other statistics worth noting: Oakland County foreclosure sales decreased by 12.7% and the average days on the market for the entire MLS decreased by 7 days, from 96 to 89.

Wayne & Oakland County Real Estate Median Price Graph for January 2012

The spring Plymouth, Canton, Novi, and Northville real estate market is almost here. This is typically the busiest selling season of the year and a great time to get your Novi or Northville home listed for sale! Inventory remains lower than ever making for less competition. With Plymouth Canton home buyers getting historically low interest rates, don’t wait to buy or sell! To find out more about our great seller services, contact The Kime Group Realtors, the Plymouth Canton real estate specialists today!

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Filed Under: Canton Real Estate, Market Values, Northville Real Estate, Novi Real Estate, Plymouth Real Estate Tagged With: , , , , , , , , , , , ,

Plymouth, Canton, Novi & Northville Mortgage Rates – February 2012

February 25, 2012 By

Plymouth Canton Mortgage Rates Remain Low

Plymouth Canton Mortgage Rates February 2012Great news for home buyers! Mortgage rates have dropped again, making purchasing a Plymouth, Canton, Novi or Northville home even more affordable.  It’s amazing that you can get a 30 year, fixed mortgage at a 3.99% interest rate. New homes and condos are coming to the market every day, so don’t miss out on this great opportunity to own your own home.

Great news for homeowners! If you already own a Plymouth Canton home and have been wanting to refinance, but didn’t quality previously, the new HARP 2.0 refinance program makes it possible for most. To qualify to refinance your home with the HARP 2.0 program:

  • Your home value must be less than your mortgage amount
  • The loan must be backed by Fannie Mae or Freddie Mac
  • The mortgage has to be in good standing
  • You must have a good payment history for at least the past 12 months.

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Filed Under: Canton Real Estate, Mortgage Info & Rates, Northville Real Estate, Novi Real Estate, Plymouth Real Estate

Get Your Free Wayne or Oakland County Community Report

February 13, 2012 By

FREE Reports for Plymouth, Canton, Novi & Northville!

The Kime Group is featuring new real estate technology and offering FREE Community Reports. In this detailed report you will find information on: Plymouth Canton Novi Northville Community Reports Photo

  • Local Schools
  • Community Characteristics
  • Population
  • Household Demographics
  • Housing
  • Transportation
  • Income
  • Employment
  • Net Worth
  • Cost of Living
  • Climate

Are you relocating to the Plymouth Canton, MI area? Are you considering moving to a new Northville or Novi neighborhood? Or do you just want to know more about your own neighborhood? If so, Community Reports is for you. To get started, all you have to do is click on the View Community Reports button on the Community Reports box to the right or click here. Then enter or look-up the zip code for the community you would like to learn more about.

For more information about Plymouth, Canton, Northville and Novi Real Estate and the technology The Kime Group offers, contact us today at 734-446-5744 or info@TheKimeGroup.com. Be sure to check out our website where you can Search the MLS, get Mortgage information, and read our buyer and seller services.

 

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Filed Under: Canton Real Estate, Canton Subdivisions, Community Information, Northville Real Estate, Novi Real Estate, Plymouth Real Estate

What is My Plymouth Canton Home Worth Today?

February 4, 2012 By

Get Instant Plymouth Canton Home Sale Data!

This is a question that every homeowner in America asks themselves more and more often. The Plymouth Canton real estate market has seen its share of ups and downs in the past few years and isn’t out of the woods quite yet. But, some markets are definitely leveling out and even seeing an increase in home sales and sold prices. How can you keep track of your home’s value and what is selling in your neighborhood without performing a labor intensive web search every week? The answer is simple: Market Snapshot. The Kime Group is excited to provide this great technology to you and the best part is – it’s FREE!

Market Snapshot Photo

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Filed Under: Canton Real Estate, Market Values, Northville Real Estate, Novi Real Estate, Plymouth Real Estate, Sell Your Home Tagged With: , , , , , , , , , ,

Wayne & Oakland County Real Estate Update – December 2011

January 24, 2012 By Leave a Comment

Plymouth Canton Real Estate Market Ends Year Strong

Wayne & Oakland Counties, along with the Metro Detroit area, all saw impressive gains when comparing December 2011 to December 2010. As you can see in the following graphs, home and condo sales for all 3 areas tracked were up 3.6% in Wayne County, 5.6% in Metro Detroit, and 5.9% in Oakland County. And while inventory declined by an average of 24% for these areas, these statistics prove there are still plenty of buyers out there purchasing Plymouth, Canton, Novi, and Northville homes.

Plymouth Canton Homes Sales Graph December

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Filed Under: Canton Real Estate, Market Values, Northville Real Estate, Novi Real Estate, Plymouth Real Estate Tagged With: , , , , , , , , , , , ,

Cherry Hill Village, Canton Real Estate Update

January 14, 2012 By Leave a Comment

Canton Real Estate Update – January 2012Cherry Hill Village, Canton MI Community Real Estate

Cherry Hill Village in Canton, MI is a ‘Neo-Traditional’ community of over 500 single family homes and condos of various sizes and styles. This unique Canton neighborhood features multiple parks, a downtown business district, a performance theater, historical areas, miles of sidewalks, and much more. Located off of Cherry Hill, between Denton and Ridge, Cherry Hill Village is in the Plymouth-Canton school district.

  • Currently, there is 1 home listed for sale at $309,900.
  • In 2011, 10 homes were sold.
  • Homes sold at Cherry Hill Village, Canton range in price from $187,000 – $385,000.

Last year, the 10 sold homes had an Average Sale Price of $273,917, an Average Price/Square Foot of $109.25, and Average Days on Market of 123. Compared with 2009, 8 homes sold with an ASP of $276,163 (down by a slight .01%), an A$/SF of $102.97 (up 6%), and DOM of 122.6 (down by almost 30 days). These are all great signs that the Cherry Hill Village real estate market is improving! In the past 2 years, The Kime Group Realtors represented 7 sales in the subdivision and really know the Cherry Hill Village market. To learn more about home prices, current listings, or to set up a showing for any listing at Cherry Hill Village or any Canton subdivision, contact the Canton Real Estate experts at The Kime Group today at 734-446-5744 or Greg@TheKimeGroup.com. And be sure to check out our Plymouth and Canton real estate website where you can search for Plymouth Canton homes, read our informative blog, or get comprehensive short sale information!

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Filed Under: Canton Real Estate, Canton Subdivisions, Cherry Hill Village, Homes For Sale Tagged With: , , , , , , ,

Happy Holidays from The Kime Group!

December 22, 2011 By Leave a Comment

Wishing you and your family Happy Holidays and a New Year filled with prosperity and success!

Thank you for all of your friendship, business, and referrals. We couldn’t do it without you!

Cheers!

Greg, Wendy and The Kime Group

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Why Use a Buyer’s Agent When Buying Plymouth Canton Real Estate?

December 17, 2011 By Leave a Comment

Plymouth Canton Realtor with Home BuyersThe 2011 National Association of Realtors (NAR) Report was just released and had some very interesting statistics that I wanted to share. Home buyers and sellers from all over the country were surveyed to find out buyer demographics, reason for purchase, type of purchase, and experience with their Realtor. I’ve been in the Plymouth Canton Real  Estate business for a long time and was shocked to read that only 60% of home buyers used a Buyer’s Agent! Using a Buyer’s Agent is crucial when purchasing a home and here are few of the important reasons why:

  • Representation. A Buyer’s Agent works exclusively for you. They always look out for your best interest throughout the transaction.
  • Find the Right Home. Because they are working solely for you, they are going to work hard to find that perfect home. They will also point out features and faults of the home that you may overlook on your own.
  • Negotiate Better Terms. The right Buyer’s Agent is an experienced negotiator and can get the best price and terms for you.
  • Area Information. They know the area inside and out and can help you find the best neighborhood to suit your needs and lifestyle.
  • Service Providers. Knowing who to call for inspections, handy work, and more can be confusing and time consuming. Your Buyer’s Agent will provide you with a list of service providers that they have worked with in the past and know will do a great job for you.

While it’s amazing that some home buyers would consider purchasing a Novi or Northville home without representation, you don’t have to! The Kime Group is an experienced team of licensed real estate agents that know Plymouth Canton neighborhoods better than anyone. Not only will they find you that perfect place to call home. To find out more about our great buyer services and how we can help you begin your Novi or Northville home search, give us a call today at 734-446-5744 or email us at Greg@TheKimeGroup.com.

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Filed Under: Buying a New Home, Canton Real Estate, Northville Real Estate, Novi Real Estate, Plymouth Real Estate Tagged With: , , , , , , , ,

Why Cash is King When Purchasing Plymouth Canton Real Estate

December 11, 2011 By Leave a Comment

Plymouth Canton, MI Home Buyer NewsPlymouth Canton MI Home Buyer Cash is King

You’ve probably heard the phrase ‘Cash is King’ when referring to all types of business transaction, and real estate is no exception. In today’s challenging economic environment, a cash buyer holds all of the cards. There are incredible deals to be had on Novi and Northville homes and here a just a few reasons why it’s important to have cash for the purchase or at least a good sized down payment:

  • Less Risk for the Home Seller. A home seller would much rather work with a cash buyer. Too many deals fall apart at the last minute because a buyer’s financing didn’t come through. Sellers don’t want to take a chance if they don’t have to.
  • Multiple Offers. In the case of multiple offers on a home, a seller will almost always choose the offer of a cash buyer or one with a large down payment, even if the offer may be lower. They do not want to risk valuable marketing time.
  • No Appraisal Issues. Homes not appraising for the value of the loan are commonplace nowadays. A bank is not going to lend you money to purchase a home if they don’t think it’s worth what you want to borrow. If you pay with cash or a large down payment, there are no appraisal problems which can turn a home buying experience into a nightmare.
  • Move In Quicker. Taking a bank loan out of the equation allows for a quicker closing, which can be crucial for the buyer and/or seller.
  • Better Interest Rate. The larger the cash down payment you have, the better interest rate your lender will give you on the balance. You are borrowing a lower amount of money from the bank and they are taking less of a risk by lending it to you.

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Filed Under: Buying a New Home, Canton Real Estate, Mortgage Info & Rates, Northville Real Estate, Novi Real Estate, Plymouth Real Estate, Sell Your Home Tagged With: , , , , , , , , , , , ,

Plymouth, Canton, Northville & Novi Mortgage Rates – December 8, 2011

December 8, 2011 By Leave a Comment

How Low Can Plymouth Canton Mortgage Rates Go??

Plymouth Canton Mortgage Rates for December 2011Mortgage interest rates continue to fall for the Plymouth, Canton, Northville and Novi areas. As rates drop, homebuyers can purchase even more home than possible last month. Why wait for rates to start increasing? What a great holiday gift for you and your family – a new Plymouth, Canton, Northville or Novi home!

The HARP loan refinance program is now in effect and allows qualifying homeowners to refinance, even if they are upside-down on their homes by more than 125%!!To find out more about how the current interest rates can affect your home buying power or how you can refinance your existing home with the revised HARP, contact our loan specialist Chris West at Fifth Third Bank at 734-812-4808 or chris.west@53.com.Chris West, Plymouth Canton Mortgage Lender

Be in your new home for the new year! The Kime Group knows Plymouth Canton Real Estate and can help you find that perfect home for the perfect price. Contact The Kime Group today at 734-446-5744 or greg@thekimegroup.com and be sure to visit our real estate website where you can begin your Novi or Northville home search now!

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Filed Under: Buying a New Home, Canton Real Estate, Mortgage Info & Rates, Northville Real Estate, Novi Real Estate, Plymouth Real Estate Tagged With: , , , , , , , , , , , ,
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