Livingston County Real Estate by Bob Smith

Current inventory of detached single family residences (SFRs) and condos has stayed pretty constant since 12/15, hanging around 278 units.  In the last 7 days, 8 units have sold at an average price of $197,375 or $115/sq ft and 12 new listings have hit the market.New construction, lakefront homes...

Yes, things do slow down a bit the week before Christmas, but there are homes listed and sold every business day of the year.  This is 'crunch time' for buyers wanting to get the 2015 purchase completed.Detached homes (single family residences or SFRs) and condo inventory is at 274 units, a bit l...

Here's the short version for the Howell area.Active inventory is 278 units (detached homes and condos).  In the last 7 days, there were 14 new properties that have come on the market and 7 solds averaging a sales price of $195,357, at an average of $117/sq ft.  In this market you can expect to pa...

I've been doing weekly updates for the Howell Michigan real estate market for the last month. Here's this last week's activity recap. Inventory is at 309 homes and condos, down slightly from last week.  We've had 6 new listings in the last 7 days and those listings average out to $198,966 each, o...

Back in August I did a short market report on the Lakeshore Pointe community in Howell.  This is a great community of about 248 homes in a fantastic location.   There are some lakefront homes, most are not, but all have lake access. The community has resident-only waterfront parks, picnic areas, ...

Each month that National Association of Realtors (NAR) surveys real estate professionals nationwide to get their impression of the housing market.  This report had 2,969 Realtors reply.  As a survey participant, I get a ‘sneak peek’ at the results which will be released soon.Overall, real estate ...

Last evening, I stopped at the Northfield Township Hall in Whitmore Lake to visit the Michigan Department of Transportation (MDOT) open house regarding the US-23 Active Traffic Management (ATM) plan.If you've ever driven the US-23 expressway to Ann Arbor in the morning rush hour, or tried to get ...

Real estate is local.  That being said, there are things that happen nationally to affect all markets.  One of them is interest rates.USA Today ran an article today that quoted San Franciso Federal Reserve President John Williams as saying there is a “very strong case” (their quotes) for rates to...

There were a number of changes that went into effect October 3rd, as part of the CFPB’s efforts to make sure we never have another meltdown like we had a few years back.Some of these are great.  Sellers MUST get their closing statements for review 3 days before closing.  What?  No more statements...

The first governmental ‘dashboard’ I saw was that for the State of Michigan.  When Governor Rick Snyder took office in 2011, he was a businessman with no prior political experience, but a lot of leadership skills and business sense.  He referred to himself, and is still known as “one tough nerd.”...