2015 Market Trend Report Southeast Michigan Year End 2014
Our proud accomplishments.
Best and Brightest
Community Involvement
Lucky 7
This is the first year The Real Estate
Our team members have volunteered
For the fourth year in a row, the Real
One Family of Companies has received
thousands of hours of their time and hundreds
Estate One family was named by Workplace
this award. The competition honors
of thousands of dollars to support their local
Dynamics/Detroit Free Press as one of the
organizations that display a commitment
communities along with key organizations
Top Workplaces in Michigan (7th).
to excellence in their human resource
such as Special Olympics Michigan, Alzheimer’s
practices and employee enrichment.
Association, Lymphoma and Leukemia Foundation, Multiple Sclerosis and many more.
Sales Volume for 2014 (Closed Transactions)
$4.3 billion
excludes franchises *excludes Charles Reinhart Company
Homes Sold/Leased
22,290
Unique Visits to our Websites
2.7 million
Buyers Who Visited our Open Houses*
49,048
Showing Appointments for our Listings*
174,006
Mortgage Loans/Title & Insurance Policies Closed
9,812
Most Top Agents in the State. Not surprisingly, our team dominates the Top 50 sales associates in Michigan with more on the list than any other real estate organization.
Number ONE in the STATE
0
Real Trends 2014
0%
Howard Hanna
Keller Williams
RE/MAX
Coldwell Banker
Remerica
experience and level of success clients need.
Real Estate One Family
5
John L Scott WA
per person productivity, giving our team the
25% Ebby Halliday TX
700 sales associates), we have the highest
10
Hanna Holdings, Inc. PA
peer companies of brokers across the USA (over
Percentage of Top 20 Associates in Michigan by brand 50%
Coldwell Banker United TX
Most Productive in the Country! Among our
15
Allen Tate NC
The Very Best Team
Real Estate One Family
Transactions per Associate
Broker Metrics
Loyalty and Experience!
We have over 700 employees and sales associates celebrating 10 or more years with our family of companies. Number ONE in the REGION
Real Estate One Family
Selected Cities
3-year Market Trend
oct 11
jan 12
apr 12
jul 12
oct 12 jan 13
apr 13
jul 13
oct 13
jan 14
apr 14
jul 14
oct 14
jan 14
apr 14
jul 14
oct 14
The Number of Homes Sold | Median Price 3-year Market Trend
oct 11
jan 12
apr 12
jul 12
oct 12 jan 13
apr 13
jul 13
oct 13
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.
2014 14/13 Median* % Chng
Addison Twp./Leonard 59 -23.4% $250,000 -6.37% Auburn Hills/Lake Angelus 301 42.0% $129,950 21.45% Berkley 485 25.0% $155,250 6.92% Beverly Hills 217 8.5% $291,000 7.58% Bingham Farms Vlg. 26 36.8% $335,000 4.69% Birmingham 855 53.8% $323,600 -16.92% Bloomfield Hills 91 -7.1% $595,000 0.25% Bloomfield Twp. 923 12.7% $316,000 -1.48% Brandon Twp. 177 0.6% $215,000 19.48% Clarkston 21 -12.5% $271,000 53.98% Clawson 274 24.5% $145,000 11.54% Commerce Twp. 737 11.3% $200,000 -2.44% Davisburg/Springfield Twp. 188 16.0% $231,000 5.96% Farmington 179 9.1% $160,000 18.99% Farmington Hills 1333 17.9% $185,100 2.83% Ferndale 665 25.0% $119,900 19.90% Franklin Vlg. 59 13.5% $429,000 4.25% Groveland Twp. 65 12.1% $230,500 27.35% Hazel Park 374 15.4% $34,000 35.46% Highland Twp. 257 -0.4% $196,000 20.25% Holly Twp./Vlg. 209 10.0% $128,500 36.20% Huntington Woods 105 -8.7% $293,950 8.87% Independence Twp. 609 9.5% $235,000 4.44% Keego Harbor 47 0.0% $89,500 -0.67% Lake Orion Vlg. 84 37.7% $160,125 -8.50% Larthup Vlg. 78 44.4% $156,000 13.45% Lyon Twp 298 13.3% $313,975 0.82% Madison Heights 547 26.0% $82,500 26.92% Milford Twp./Vlg. 275 14.6% $261,960 9.61% Novi/Novi Twp. 1095 43.0% $228,000 -10.59% Oak Park 455 33.8% $70,750 22.30% Oakland Twp. 371 17.0% $360,000 1.41% Orchard Lake Vlg. 19 -40.6% $475,000 -15.18% Orion Twp. 537 9.8% $225,000 6.13% Ortonville Vlg. 28 33.3% $142,756 15.21% Oxford Twp./Vlg. 385 23.0% $222,000 6.73% Pleasant Ridge 59 13.5% $227,000 7.97% Pontiac 510 -9.6% $28,000 22.00% Rochester 265 26.2% $295,000 23.56% Rochester Hills 1099 4.8% $234,200 -0.97% Rose Twp. 82 13.9% $180,000 20.00% Royal Oak/Twp 2006 36.0% $175,050 7.39% South Lyon 273 11.9% $159,000 22.07% Southfield/Twp. 1029 17.2% $97,000 29.33% Sylvan lake 49 4.3% $197,000 33.11% Troy 1347 31.3% $234,500 4.69% Walled Lake 188 50.4% $115,000 6.48% Waterford 1313 8.3% $125,000 17.92% West Bloomfield 1191 19.3% $225,720 -2.95% White Lake Twp. 444 10.4% $209,950 11.85% Wixom 169 9.7% $196,000 15.29% Wolverine Lake Vlg. 72 -2.7% $144,700 15.76%
Oakland County
The Number of Homes For Sale | The Number of Days on Market
2014 14/13 Sales % Chng
OAKLAND COUNTY | market inventory report detail | oct-dec 2014
Seller’s Market
2 month or less supply of homes
Normal Market
3-6 months supply of homes
Buyer’s Market Over 6 months supply of homes
*
Buyer’s Market
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 Buyer’s Market, 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.
Macomb County
The Number of Homes For Sale | The Number of Days on Market 3-year Market Trend
oct 11
jan 12
apr 12
jul 12
oct 12 jan 13
apr 13
jul 13
oct 13
jan 14
apr 14
jul 14
oct 14
The Number of Homes Sold | Median Price
Selected Cities
3-year Market Trend
oct 11
jan 12
apr 12
jul 12
oct 12 jan 13
apr 13
jul 13
oct 13
jan 14
apr 14
jul 14
oct 14
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.
2014 14/13 Sales % Chng
Armada Twp./Vlg 34 -37% Bruce Twp. 70 40% Centerline 108 27% Chesterfield Twp. 687 9% Clinton Twp. 1333 12% Eastpointe 749 21% Fraser 185 0% Harrison Twp. 396 8% Lenox Twp. 32 -6% Macomb Twp. 1196 10% Mt. Clemens 239 3% New Baltimore 186 2% New Haven 61 -19% Ray Twp. 45 0% Richmond/Richmond Twp. 94 -32% Romeo 61 42% Roseville 839 12% Shelby Twp./Utica 1119 18% St. Clair Shores 1182 9% Sterling Heights 1715 30% Warren 2432 34% Washington Twp. 302 4%
2014 14/13 Median* % Chng $179,500 $286,650 $53,900 $160,000 $118,000 $47,000 $105,000 $136,500 $170,000 $235,000 $65,000 $199,000 $127,000 $187,500 $143,000 $137,000 $53,400 $184,900 $99,950 $152,738 $79,000 $269,500
16% 24% 23% 7% 7% 18% 18% 13% 2% 2% 60% 21% 30% -19% 18% 11% 19% 6% 19% 9% 16% 8%
MACOMB COUNTY | market inventory report detail | oct-dec 2014
Seller’s Market
2 month or less supply of homes
Normal Market
3-6 months supply of homes
Buyer’s Market Over 6 months supply of homes
*
Buyer’s Market
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 Buyer’s Market, 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.
Livingston County
The Number of Homes For Sale | The Number of Days on Market 3-year Market Trend
oct 11
jan 12
apr 12
jul 12
oct 12 jan 13
apr 13
jul 13
oct 13
jan 14
apr 14
jul 14
oct 14
The Number of Homes Sold | Median Price
Selected Cities
3-year Market Trend
oct 11
jan 12
apr 12
jul 12
oct 12 jan 13
apr 13
jul 13
oct 13
jan 14
apr 14
jul 14
oct 14
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.
2014 14/13 Sales % Chng
2014 14/13 Median* % Chng
Brighton 109 -31% $187,250 22% Brighton Twp. 348 8% $253,750 5% Cohoctah Twp. 54 29% $143,300 10% Conway Twp. 56 19% $156,000 15% Deerfield Twp. 58 35% $216,500 46% Fowlerville Vlg. 48 85% $126,500 33% Genoa Twp. 249 -20% $234,000 20% Green Oak Twp. 283 11% $240,000 17% Hamburg Twp. 366 2% $224,000 9% Handy Twp. 91 7% $152,500 19% Hartland Twp. 188 -4% $239,450 29% Howell 141 0% $137,500 3% Howell Twp. 113 -19% $183,765 47% Iosco Twp. 59 28% $174,900 5% Marion Twp. 211 -2% $215,170 20% Oceloa Twp. 222 0% $204,750 14% Pinckney Twp. 52 11% $160,000 19% Putnam Twp. 76 -21% $200,950 15% Stockbridge/Stockbridge Twp 34 -11% $117,500 0% Tyrone Twp. 153 16% $222,500 12% Unadilla Twp. 43 -22% $135,000 -10%
LIVINGSTON COUNTY | market inventory report detail | oct-dec 2014
Seller’s Market
2 month or less supply of homes
Normal Market
3-6 months supply of homes
Buyer’s Market Over 6 months supply of homes
*
Buyer’s Market
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 Buyer’s Market, 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, Dan and Stuart 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 2015 edition of the Swanepoel Power 200 (SP200). Dan and Stuart were ranked 44th among 200 of the top real estate leaders and executives in the nation. They were also honored with the prestigious Leadership Award by the Leading Real Estate Companies of the World at the Annual Awards Gala held during the LeadingRE Conference Week.
Washtenaw County
The Number of Homes For Sale | The Number of Days on Market 3-year Market Trend
oct 11
jan 12
apr 12
jul 12
oct 12 jan 13
apr 13
jul 13
oct 13
jan 14
apr 14
jul 14
oct 14
The Number of Homes Sold | Median Price 3-year Market Trend
Selected Cities
oct 11
jan 12
apr 12
jul 12
oct 12 jan 13
apr 13
jul 13
oct 13
jan 14
apr 14
jul 14
oct 14
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.
Ann Arbor Condo Ann Arbor Residential Chelsea Dexter Grass Lake Manchester Milan Pinckney Saline Ypsilanti
2014 14/13 Sales % Chng 652 1125 192 271 86 56 151 101 303 267
11% -13% -4% -16% 62% -40% 61% -75% -18% -19%
2014 14/13 Median* % Chng $163,750 $299,000 $240,500 $299,385 $176,450 $187,050 $165,000 $203,000 $318,565 $125,000
2% 10% 5% 11% -7% 12% 24% 7% 14% 28%
WASHTENAW COUNTY | market inventory report detail | oct-dec 2014
CONDO
RESIDENTIAL
Normal Market
2 month or less supply of homes
Seller’s Market
3-6 months supply of homes
Buyer’s Market Over 6 months supply of homes
*
Buyer’s Market
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 Buyer’s Market, 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
Real Estate One, Max Broock and Johnstone & Johnstone are 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!
Wayne County
The Number of Homes For Sale | The Number of Days on Market 3-year Market Trend
oct 11
jan 12
apr 12
jul 12
oct 12 jan 13
apr 13
jul 13
oct 13
jan 14
apr 14
jul 14
oct 14
The Number of Homes Sold | Median Price 3-year Market Trend
Selected Cities
oct 11
jan 12
apr 12
jul 12
oct 12 jan 13
apr 13
jul 13
oct 13
jan 14
apr 14
jul 14
oct 14
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.
2014 14/13 Sales % Chng
Belleville 66 32% Canton 1602 15% Dearborn 1349 20% Dearborn Hgts 1053 13% Garden City 475 6% Huron Twp. 127 -19% Inkster 312 40% Livonia 1696 5% Northville/Northville Twp. 619 20% Plymouth/Plymouth Twp. 674 16% Redford 1200 -14% Romulus 268 6% Sumpter Twp. 93 -10% Van Buren 302 -3% Wayne 229 4% Westland 1117 -2%
2014 14/13 Median* % Chng $110,000 $200,000 $106,000 $80,000 $75,000 $189,000 $17,400 $150,000 $328,400 $245,000 $53,000 $64,000 $126,950 $171,500 $57,000 $92,250
8% 3% 25% 26% 19% 39% 3% 11% -3% 3% 27% 16% 33% 4% 39% 20%
WAYNE COUNTY | market inventory report detail | oct-dec 2014
Unaffiliated Firms
Seller’s Market
2 month or less supply of homes
®
Coldwell Banker
Berkshire Hathaway HomeServices
Century 21 Realty Executives
Over 6 months supply of homes
*
Buyer’s Market
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 Buyer’s market, 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
ERA
Buyer’s Market
RE/MAX
Sotheby’s
3-6 months supply of homes
Prudential
Normal Market
Leading Real Estate Companies of the World
Keller Williams
The Real Estate One Family of Companies &
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.
Source: REAL Trends Market Leaders for 2013.
Downriver
The Number of Homes For Sale | The Number of Days on Market 3-year Market Trend
oct 11
jan 12
apr 12
jul 12
oct 12 jan 13
apr 13
jul 13
oct 13
jan 14
apr 14
jul 14
oct 14
The Number of Homes Sold | Median Price 3-year Market Trend
Selected Cities
oct 11
jan 12
apr 12
jul 12
oct 12 jan 13
apr 13
jul 13
oct 13
jan 14
apr 14
jul 14
oct 14
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.
Allen Park Brownstown Twp. Ecorse Flat Rock Gibraltar Grosse Ile Lincoln Park Melvindale River Rouge Riverview Rockwood Southgate Taylor Trenton Woodhaven Wyandotte
2014 14/13 Sales % Chng 530 368 54 128 74 221 592 124 49 139 36 415 743 299 180 401
11% 1% -8% 14% 40% 3% 5% 8% 20% 13% 13% 2% -5% 6% 18% -3%
2014 14/13 Median* % Chng $90,000 $155,000 $12,000 $129,000 $111,051 $217,500 $43,000 $42,999 $10,500 $122,000 $105,000 $80,000 $57,500 $120,000 $126,000 $76,000
15% 1% 4% 43% -18% -4% 19% 32% 6% 1% 29% 14% 28% 9% 15% 9%
DOWNRIVER | market inventory report detail | oct-dec 2014
Stay
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Stay
Seller’s Market
2 month or less supply of homes
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Available for iPhone, iPad & Android on iTunes or the Play Store
Available for iPhone, iPad & Android on iTunes or the Play Store
Normal Market
3-6 months supply of homes
Buyer’s Market Over 6 months supply of homes
*
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 Buyer’s Market, 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.
Make the search for local real estate easier! Get 24/7 service right at your fingertips with our free mobile app. You can preform 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.
No sales this period in area and price range
Months supply computed with a seasonal multiplier.
Buyer’s Market
City of Detroit
Grosse Pointe
The Number of Homes For Sale | The Number of Days on Market
The Number of Homes For Sale | The Number of Days on Market
3-year Market Trend
oct 11
jan 12
apr 12
jul 12
oct 12 jan 13
apr 13
jul 13
oct 13
jan 14
apr 14
jul 14
oct 14
The Number of Homes Sold | Median Price
jan 12
apr 12
jul 12
oct 12 jan 13
apr 13
jul 13
oct 13
oct 11
jan 12
apr 12
jul 12
oct 12 jan 13
apr 13
jul 13
oct 13
jan 14
apr 14
jul 14
oct 14
jan 14
apr 14
jul 14
oct 14
The Number of Homes Sold | Median Price
3-year Market Trend
oct 11
3-year Market Trend
3-year Market Trend
jan 14
apr 14
jul 14
oct 14
oct 11
jan 12
apr 12
jul 12
oct 12 jan 13
apr 13
jul 13
oct 13
EXcellence | Caring | Integrity | Teamwork | Empowerment!
i C
E T !
At Real Estate One 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.
