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JANARY 2015GMARonline.com
Official Publication of the Greater Metropolitan Association of REALTORS®
ADVERTISERS
Table of ContentsJANUARY 2015
VOLUME 13, NUMBER 1 the official publication of the
Greater MetropolitanAssociation of REALTORS®
20 Oak Hollow St., Ste. 100Southfield, MI 48033
248-478-1700 | 248-478-3150 (fax)www.GMARonline.com
OFFICERS
Frank Tarala, President
Debbie Zalewski, President Elect
Karen Greenwood, Treasurer
Maureen Francis, Past President
Kathy Coon, Executive Committee
Duane Marsh, CEO
DIRECTORS
Gerald Miller, District 1 Director
Frank Tarala, District 2 Director
James Iodice, District 3 Director
Kathy Coon, District 4 Director
John O’Brien, District 5 Director
John McArdle, District 6 Director
Monique Carter, District 7 Director
Brent Belesky, District 8 Director
Debbie Zalewski, At Large Director
Roxanne Fitzpatrick, At Large Director
Johnna Struck, Affiliate Director
Karen Greenwood, At Large Director
Brenda Lee Szlachta, At Large Director
STAFF
Sharon Cobleigh, Membership
Elaine Gatlin, Membership
Porsha Hall, Reception
Tim Likes, Communication
Vickey Livernois, Education
Pauline Olszewski, Pro Standards & Toolshop
Diana Jowett, Accountant & Dues
Traci Dean, Reception
TO ADVERTISE INTHE METROPOLITAN REALTOR®
call or email Foley Publications, Inc.,800-628-6983
Attorneys Title Agency ..................................................................................... 3
Talmer Bank and Trust ...................................................................................... 3
US Bank ............................................................................................................ 7
Ross Mortgage ................................................................................................. 7
HouseMaster Home Inspections ....................................................................... 9
Towne Mortgage .............................................................................................. 10
Seaver Title Agency .......................................................................................... 10
4 President’s Report
5 Members Serving at State Level
6 CEO’s letter
8 Thank You RPAC Investors
11 Zip Code Report for Macomb County
12-13 Zip Code Report for Oakland County
14-15 Zip Code Report for Wayne County
16 Zip Code Report for Saint Clair County
17 Welcome New Members
18 WCR Report
19 GMAR Upcoming Events
19 With Our Deepest Sympathy
20-21 Legislative Update
21 GMAR ToolShop January Sale
22 From An Affiliate
23 Gold Sponsor Feature
24-28 Continuing Education Flyers
Tim SmithSenior Mortgage Lender
NMLS ID 533266248.770.3717
If applying for a mortgage loan seems too complicated or even
overwhelming, you’ll have a whole new outlook once you
talk with experienced mortgage professional Tim Smith.
See why Talmer loan customers rely on him to walk them
through the mortgage process from application to closing.
To get a new view of your possibilities, contact Tim at
Talmer Bank and Trust today.
800.456.1500 | talmerbank.com
Community. Integrity. Service.
Get a whole new outlook with a Talmer home loan.
Tim has been named Michigan’s
No. 1 Mortgage Originator
for total loan volume in 2014 by national publications
Scotsman Guide and Mortgage Executive. Congratulations!
P R E S I D E N T ’ S R E P O R T
By DEBBIE Z -2016 GMAR President
It is with great pride that I take the reins as President of the Greater Metropolitan Association of
REALTORS®. I am filling some pretty big shoes as I follow in the footsteps of Past Presidents Kathy Coon, Tony Schippa, Bart Patterson, Maureen Francis, and Frank Tarala. Observing their leadership as a Board Member for the past 3 years has been awe inspiring. I have learned much from this team and am prepared to rise above all the challenges 2016 has to offer.
I believe our biggest challenge is involving you, our valued member! I invite you to contact us to see where you can get involved. Consider attending a class, join a committee, sit in on a presentation, or enjoy one of our social events. You will find likeminded people looking to stay connected to their colleagues in this ever-changing real estate profession.
We’re adding to our already top-notch educational opportunities. Our Affiliate Committee, known for bringing cutting edge, timely, and FREE education to our members, has added a course on title/legal Issues that was presented to a full house this past December. A revamped version rolls out this year! Inspection, warranty, and appraisal issue classes are in the works; as well as hands-on social media courses covering Twitter, Facebook Business, Instagram, and more! This group of dedicated Affiliates knows how important education is and is thinking outside the box to bring innovative topics to our members! Even if you already receive superb training from your broker, we have great supplemental training to take advantage of. Also, GMAR participates in Michigan Realtor’s CE Marketplace, so any approved con-ed will be recorded for you! Log in to check out our classes »
We are excited about Realcomp joining the Great Lakes Repository (GLR)! As I’m sure you’re well aware, this has been in the works for several years, and your GMAR team helped make this a reality! The target date for “flipping
the switch” is March 1, 2016. I am thrilled to be able to get complete information through one point of entry, and the cost savings is a bonus. Great job team!
NAR rolled out Professional Standard requirements in 2015. GMAR was one of the first Associations to meet all of the requirements. We have added two ombudsmen to our team. REALTORS® and the public can start here when there are pro standards and ethics concerns.
Having served as the Women’s Council of REALTORS® Local Chapter President, State Governor, State President, and Regional Vice President, I bring a fresh perspective, and new ideas to the table. As an Association, we must embrace all of our members through personal outreach. It is important that you, our members, are aware of the excellent opportunities that are available. We are here to educate you through quality course work to improve your skills, and grow your business. Get on board. We’re going places!
I am super honored to serve as your 2016 President. My plan: hard work plus dedication equals success. Get involved, make a suggestion, or just touch base. Call or text me, Debbie “Z”, 2016 GMAR President, at 248-613-7253.
Rising to the Challenge of 2016
Metropolitan REALTOR® | 5
Members Serving at State Level
GMAR recognizes the following members for their commitment to the real estate profession by serving on 2016 Michigan Realtors® Committees and Task Forces. Thank you for your contributions and keep up the outstanding work!
FIRST NAME LAST NAME COMMITTEE NAME COMMITTEE POSITION DESCRIPTION
Christopher Courtney Broker Summit Chair
Stuart Elsea Board of Directors Member
Daniel Elsea Legal Action Member
Reggie Fluker Board of Directors Member
Maureen Francis Board of Directors Member
Maureen Francis Leadership Academy Selection Member
Maureen Francis Public Policy Member
Karen Greenwood Finance Term thru: Dec, 2018
Kimberly Hosner Broker Summit Member
James Iodice Board of Directors Member
James Iodice Public Policy Chair
James Iodice RPAC Member
Vickey Livernois Convention Task Force Member
John McArdle Public Policy Member
Gordon McCann Finance Term thru: Dec, 2016
Gordon McCann RPAC Member
John Meesseman Broker Summit Member
E’toile O’Rear-Libbett Board of Directors Member
E’toile O’Rear-Libbett Broker Summit Member
Gary Reggish Board of Directors President
Gary Reggish Finance President
Gary Reggish Personnel Member
Gary Reggish RPAC Member
Shelley Schoenherr Board of Directors Member
Theresa Spiro Personnel Member
Theresa Spiro RPAC Member
Sara Storch-Lipnitz Board of Directors Treasurer
Sara Storch-Lipnitz Convention Task Force Co-Chair
Sara Storch-Lipnitz Finance Treasurer, Chair
Sara Storch-Lipnitz Leadership Academy Selection Member
Sara Storch-Lipnitz Midwest AMG Board of Directors Member
Sara Storch-Lipnitz Personnel Member
Sara Storch-Lipnitz RPAC Member
Brenda Szlachta Public Policy Member
Frank Tarala Convention Task Force Member
Norman Thomas Mi Council of Real Estate App Member
Douglas Whitehouse Audit Committee Member
Claire Williams Board of Directors Member
Debbie Zalewski RPAC Member
C E O ’ S L E T T E R
6 | Metropolitan REALTOR®
By DUANE MARSHChief Executive Officer
Building on a Solid 2015
2015 was a robust year for real estate. 2016 promises to maintain the momentum. It is necessary that
you continually re-think your strategic positioning to ensure that you are constantly in sync with market conditions. One tool to help maintain your competitive advantage is through branding.
Branding is an impression you want to have readily recognized by current and potential clients. It differentiates you. An article in The Marketing Donut entitled How to Build a Brand suggests possible ways to establish your uniqueness.
• Determine the attributes, qualities, traits, personal and professional experiences your customers recognize and you want them to recognize.
• Don’t fool your clients. If you say you are something, make sure you are. Clients can determine if what you are saying is just words or identifiable actions.
• Include all facets of your business in your branding. Do you have affiliations? Do you view yourself as a regional or mostly a local agent? Are you a niche or broader marketer?
• Be consistent in your brand messaging. Make it simple and memorable.
• Develop a distinctive, visual brand. It should reflect your persona and tap into who you really are. You will need to find ways to give clients and potentials clients an on-going visual image of your brand.
• Your brand needs to be present in everything you do, print, and say.
• Unique and successful brands may need to be trademarked.
• Your brand is always “on stage.” It is reflected by what you say, the way you are dressed, and the way you carry yourself.
Patrick Barwise and Sean Meehan in the Harvard Business Review write, “As usual marketers are turning hype into hyperventilation. This time it’s about the supposed end of marketing as we know it, thanks to the rise of social media and the shift of power to consumers. But it’s wrong to think we’re entering a world in which traditional marketing activities, and brands themselves, will become irrelevant. In fact, the opposite is true. Social media make it more urgent than ever that companies get the basics right, developing and reliably delivering on a compelling brand promise.”
They conclude, “The companies that will succeed in this environment are exploiting the many opportunities presented by social media while keeping an unwavering eye on their brand promise, and they are judiciously revising the marketing playbook rather than trying to rewrite it.”
In today’s marketplace you need a lender you know you can count on.
Wi th IMPROVING MARKETSand NEW, LOWER RATES, be sure
you ta lk to A PROFESSIONAL.
Given today’s financial landscape, it’s more important than ever to trust your business to a professional. One of the many good reasons to talk to Linda December. Closing loans for over 25 years, she has the knowledge and experience to provide the right mortgage solution that will work for everyone. In addition she has Ross Mortgage Corporation supporting her; successfully opening doors since 1949.
Linda December248-547-4700 x539248.770.7778 [email protected]
Give Linda a call to open your next door.
Remember December All Year Round!
Ross Mortgage Corporation is one of the leading Mortgage Lenders in Michigan offering purchase, refinance andconstruction mortgage loans. Equal Housing Lender
www.lindadecember.rossmortgage.us
Loan approval is subject to credit approval and program guidelines. Not all loan programs are available in all states for all loan amounts. Interest rates andprogram terms are subject to change without notice. Visit usbank.com to learn more about U.S. Bank products and services. Mortgage products offered by U.S. Bank National Association, Member FDIC.
usbank.com/mortgage
TED EDGINTONMortgage Loan OriginatorOffice: [email protected] #: 502442
The right financing is the perfect framework for your new home.
• One-time closing with an easy builder approval• Disbursements for the construction of the property based on the work that has been completed• Interest-only monthly payments on the outstanding balance during the construction phase• Lot loan financing
U.S. Bank is strong and stable, with the people, expertise and market knowledge to work for you. Let us help you make the right mortgage financing decisions for your family.
Our construction to permanent products offer these flexible options:
Purchasing an existing home?
• Jumbo financing up to $3,000,000• Borrow up to 90% of the loan-to-value
Work with an experienced mortgage lender. Call me today for more information on these great products!
R PA C I N V E S T O R S
Thank You RPAC Investors GMAR RPAC Investors
GMAR would like to extend a sincere thank you to all of the members who have made their investment in RPAC, the REALTORS® Political Action Committee. By investing in RPAC, these members are supporting REALTOR®-friendly legislators and policy initiatives that reflect the REALTOR® core values; protecting private property rights, reducing burdensome regulations on the industry and preserving the American Dream of Homeownership.
Below we recognize and applaud GMAR members who invested in RPAC for the month of November, 2015.
8 | Metropolitan REALTOR®
*Contributions are not deductible for Federal income tax purposes. RPAC contributions are voluntary and used for political purposes. You may refuse to contribute without reprisal or otherwise impacting your membership rights. For individuals investing $1,000.00 or greater, up to 30% of this total investment may be forwarded to the National Association of REALTORS® RPAC. All amounts forwarded to the National Association of REALTORS® RPAC are charged against the applicable contribution limits under 2 U.S.C. 441a
Bryce AbdalMelinda AllenRobbin BarnesJill BeshouriJames ClarkeKathleen CoonEmily Day
Debra DeAngeloJulie DiazDouglas DiggsDominic Diggs-TaylorDorian Diggs-TaylorTheodore EdgintonDiane Fenchel
Yoshiko FujimoriHarry GibsonAngel HolbrookSelma JonnaCaron Koteles RihaGar LieblerKevin McBride
Frank MoceriKimberly Nagy StreetGina Marie NuhnE’toile O’Rear-LibbettEbon PettyLinda ReaGary Reggish
Kyle RobertsRalph RobertsAnthony SchippaColette ScholtenNadia ShaothaGary SnarskiJudd Stevens
Sara Storch-LipnitzBrenda SzlachtaPatricia UribeJeffrey WhitbeyShallamar WilliamsRebecca WilliamsonDebbie Zalewski
Thank You Offices Who Have 40% or Greater Participation Rate!We also recognize these offices that have a 40% or greater participation rate amongst their REALTORS®.
Congratulations and keep up the great support of the profession!
379 Realty Group Inc. A.L.T. Realty LC AAA Real Estate Advanced R. E. Marketing, LLC Amazing! Real Estate Solutions America First Real Estate LLC Apex Appraisers Appraise It Valuations LLC Appraise-Ariffic Inc. August Appraisals BEE My Broker Bruner Realty LLC Cambridge Real Estate Advisors Carrington Real Estate Service Cecile’s Realty & Associates Central Properties Group, LLC Century 21 AAA North Changing Places Moving Chappell Real Estate & Invest. Chief Cornerstone LLC Christopher J Daggy City Life Realty, P.C. Clearbrook Appraisal Coldwell Banker Preferred - CO Complete Action Real Estate Cranbrook Realtors Crystal Hardison Realtors, LLC
Dantes Real Estate LLC Deane Russell, Broker Downriver Property Experts Dumas Realty Elite Realty Group LLC Evangelista Properties Fidelity Real Estate Four Seasons Rlty The Dan Berr Frank Bernabei Real Estate Frank Real Estate, Inc. Front Page Realty LLC Future Real Estate, Inc. G.S. Inc. Gary Grossman, Broker GC Boynton & Associates Genesis Home Real Estate, LLC Gibson Realty Great American Realty Griffon Realty Hannah Realty & Prop Mge Harvest Homes Realty Haven Real Estate & Design Heritage Realty Service LLC. Homes Galore Real Estate Co. Homes Main Realty LLC Hub, LLC Insight Realty Services, LLC
Intown Real Estate James Francis Realty Johnson Premier Realty Co. Keck Real Estate Co. Keller Williams Lakeside Keller Williams Rlty-Comm Kimberly Huber, Broker L & S Appraisal Inc. Landarc Realty of Michigan LLC Libbys Land Real Estate Logan Realty Lynx C I R, Inc. M & M Property Investments LLC Marketplace Homes Metro Investments Realty, LLC. Metro Realty Company Inc Michigan Management & Prop. Michigan Metro Realty, LLC Michigan Property Resource Michigan Real Estate LLC Michigan Realty Solutions LLC Midwest Realty Exchange Inc. MJM Grand Properties Moceri Development Corporation Murphy’s Realty Neaton Realty Co., LLC
New Generations Realty, Inc. Next Home Metro Norwood Realty On Point R.E. Solutions, Inc. Paramount Real Estate Services Parks Title People’s Real Estate, LLC Posh Realty Pride Realty Associates LLC Principal Brokers Network Providence Realty PS Appraisal Services Quality Service Real Estate Re/Max Dream Properties Re/Max First - Royal Oak Reach Realty Group LLC Real Estate Network Cauley Co. Real Estate One Blm.Hills Real Estate Professional Servi Real Estate Today, LLC Real Estate USA, Inc. Real Living Great Lakes R. E. Real Living Great Lakes Roch. Real Property Specialists Inc. Realty Ink, LLC Realty Tecs Reliable Realty
Reynolds Real Estate LLC Richard M. Haggerty, Broker Robertson Brothers Company Roger Dale McDaid Royal Realty Royce Kennedy Realty RSC Realty LLC Shain Park, REALTORS Sharpe Properties Co., Inc Showcase Homes, LLC Simplify Your Move Singh Realty, LLC Steuer & Associates Inc. Stevens Worldwide Van Lines Summit Funding Inc. Sun Wave Realty Taimerica Properties The House Stop, LLC The Property Store Inc. Toll Brothers, Inc. Tower Real Estate Investments Tradition Realty, Inc. Victor Properties Inc. Weichert Cass Realty Woodward Real Estate Partners Your Home Town Rlty. & Inv
Metropolitan REALTOR® | 9
HouseMasterProviding industry leading inspection services since 1979. We carry E&O and G.L. insurances. HouseMaster inspectors are NIBI and ASHI certified.
HouseMaster Services:• Home Inspection • WDI/Termite• Radon Gas • Septic System• Well Mechanical • Water Quality• Mold in Air Test
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Buyer Benefits Program provides client savings on upcoming expenditures including 10% Lowes & 30% Sears discounts.
Written Inspection Guarantee.
Inspection Resource Guide with maintenance advice.
Home Owners Network 1 year free membership.
Agent Referral Liability Protection program reduces the REALTOR®’s legal exposure for referring HouseMaster.
Serving SE Michigan
(888) [email protected]
www.housemaster.com GMARGold Sponsor
in 2015!
MENTIONGMAR30
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$30 OFFa full home inspection
14 | Metropolitan REALTOR®
QUALIFY LISTINGS WITH A 203K LOAN & OUR PRIVATE FUNDINGSince 1982, Towne Mortgage Company has been helping REALTORS® attract more buyers and sell more homes. With our 203k program, buyers can finance renovation costs and expand their purchasing options. Additionally we offer private financing for those loans that don’t fit into traditional guidelines but make sense. Our motto is simple, we make every loan that should be made!
PHIL SCHERPHORNMortgage Loan OriginatorNMLS #391796Cell: 248.228.5636Direct: 248.247.1863
DAN CALCATERRA, CMB, AMPMortgage Loan OriginatorNMLS #62554Cell: 586.703.2100Direct: 248.247.1803
2170 E. Big Beaver, Suite A | Troy, MI 48083www.townemortgage.com
NMLS #3028
ATTRACT MORE BUYERS
Metropolitan REALTOR® | 11
Z I P C O D E R E P O R T / N O V E M B E R 2 0 1 5
MACOMB COUNTYZIP Code CVT Active
2014 2015
% change from 1
year ago 2015 2014 2014 YTD 2015 2015 YTD
% change from 1
year ago 2014 2015 2014 2015 2014 2015
48005¹
ARMADA, ARMADA TOWNSHIP, ARMADA
VILLAGE 6 1 -83.33 21 1 25 3 48 200.00 $52,000 $567,000 $52,000 $196,000 $155,900 $188,750
48015 CENTER LINE 13 6 -53.85 27 5 81 8 74 60.00 $301,400 $671,096 $52,900 $82,450 $53,600 $64,950
48021 EASTPOINTE 59 64 8.47 166 48 489 47 510 -2.08 $2,500,821 $2,726,869 $51,950 $57,000 $47,000 $50,05048026 FRASER 12 13 8.33 41 12 144 12 178 0.00 $1,412,123 $1,789,800 $96,750 $152,500 $105,000 $118,750
48035CLINTON TOWNSHIP,
CLINTON TWP 30 57 90.00 115 20 358 16 358 -20.00 $1,837,061 $1,612,200 $92,500 $97,750 $84,900 $105,000
48036CLINTON TOWNSHIP,
CLINTON TWP 22 24 9.09 83 29 228 16 232 -44.83 $5,048,808 $2,483,350 $140,000 $117,500 $114,000 $140,000
48038CLINTON TOWNSHIP,
CLINTON TWP 55 63 14.55 135 41 464 57 589 39.02 $6,811,075 $9,760,762 $150,000 $155,000 $153,500 $157,750
48041¹MEMPHIS, RILEY, RILEY
TOWNSHIP 1 2 100.00 4 0 3 1 6 100.00 $0 $75,000 $0 $75,000 $84,000 $91,000
48042MACOMB, MACOMB
TOWNSHIP 52 61 17.31 154 31 416 31 470 0.00 $7,799,389 $8,219,250 $273,500 $254,940 $241,250 $258,00048043 MOUNT CLEMENS 19 17 -10.53 64 18 178 10 132 -44.44 $1,748,600 $632,550 $99,050 $38,050 $64,895 $79,950
48044MACOMB, MACOMB
TOWNSHIP 58 73 25.86 182 43 586 42 616 -2.33 $9,919,355 $10,928,694 $228,000 $261,750 $229,950 $245,513
48045HARRISON, HARRISON
TOWNSHIP 43 30 -30.23 133 29 320 23 340 -20.69 $6,117,614 $4,766,620 $140,450 $172,500 $146,425 $137,50048046 MOUNT CLEMENS 0 0 0.00 0 0 0 0 0 0.00 $0 $0 $0 $0 $0 $0
48047
CHESTERFIELD, CHESTERFIELD TOWNSHIP,
NEW BALTIMORE 59 68 15.25 165 36 462 35 490 -2.78 $5,728,659 $5,199,720 $157,500 $144,000 $177,250 $181,200
48048LENOX, LENOX TOWNSHIP,
NEW HAVEN 7 5 -28.57 21 7 70 8 63 14.29 $855,400 $1,481,439 $136,000 $181,000 $128,500 $138,00048050 LENOX TOWNSHIP 2 5 150.00 8 3 10 1 15 -66.67 $462,500 $145,000 $177,000 $145,000 $179,900 $200,000
48051CHESTERFIELD,
CHESTERFIELD TOWNSHIP 23 21 -8.70 79 16 213 18 262 12.50 $2,689,135 $3,064,415 $160,250 $153,200 $155,000 $162,750
48062¹RICHMOND, RICHMOND
TOWNSHIP 8 12 50.00 27 6 86 6 98 0.00 $1,185,000 $895,500 $181,250 $148,250 $143,000 $169,000
48065BRUCE, BRUCE TOWNSHIP,
ROMEO 12 9 -25.00 61 10 118 8 126 -20.00 $2,046,498 $2,417,000 $172,500 $300,000 $211,000 $235,50048066 ROSEVILLE 61 77 26.23 161 47 601 58 589 23.40 $3,011,205 $4,103,555 $62,000 $69,500 $54,250 $63,000
48080 SAINT CLAIR SHORES 46 45 -2.17 102 31 381 33 408 6.45 $2,525,000 $3,526,935 $77,000 $111,500 $87,200 $103,51548081 SAINT CLAIR SHORES 34 47 38.24 86 27 328 20 332 -25.93 $3,292,800 $2,807,800 $116,000 $113,500 $110,000 $122,75048082 SAINT CLAIR SHORES 25 34 36.00 76 19 247 20 294 5.26 $2,704,300 $2,391,935 $116,000 $108,000 $105,000 $109,000
48088 WARREN 34 35 2.94 74 20 299 29 368 45.00 $2,066,470 $3,290,000 $101,022 $119,000 $116,250 $123,70048089 WARREN 56 63 12.50 212 35 427 30 422 -14.29 $1,341,102 $1,191,958 $34,000 $26,500 $29,000 $35,00048090 WARREN 0 0 0.00 0 0 0 0 0 0.00 $0 $0 $0 $0 $0 $0
Sale Volume Median Sale Price YTD Median Sale PriceMacomb County ZIP Code Report for November
New Sold
ZIP Code CVT Active
2014 2015
% change from 1
year ago 2015 2014 2014 YTD 2015 2015 YTD
% change from 1
year ago 2014 2015 2014 2015 2014 2015
Sale Volume Median Sale Price YTD Median Sale PriceMacomb County ZIP Code Report for November
New Sold
48091 WARREN 44 50 13.64 150 26 396 22 365 -15.38 $1,381,916 $1,440,425 $43,750 $72,450 $45,250 $58,000
48092 WARREN 36 35 -2.78 93 19 321 37 348 94.74 $2,295,560 $4,638,150 $115,000 $120,000 $124,525 $128,000
48093 WARREN 40 34 -15.00 84 23 350 29 365 26.09 $2,283,101 $3,011,200 $89,100 $112,000 $103,500 $114,000
48094WASHINGTON,
WASHINGTON TOWNSHIP 30 24 -20.00 132 19 185 17 216 -10.53 $4,774,975 $5,473,697 $210,000 $276,000 $255,000 $283,750
48095WASHINGTON,
WASHINGTON TOWNSHIP 5 8 60.00 24 5 67 9 77 80.00 $1,559,900 $2,273,000 $215,000 $225,000 $327,500 $304,50048096 RAY TOWNSHIP 2 3 50.00 15 8 42 1 20 -87.50 $1,280,900 $437,000 $139,500 $437,000 $179,950 $267,50048236¹ GROSSE POINTE 0 0 0.00 0 0 1 0 1 0.00 $0 $0 $0 $0 $505,000 $335,000
48306¹ WASHINGTON TOWNSHIP 1 1 0.00 3 1 5 0 4 -100.00 $245,000 $0 $245,000 $0 $245,000 $338,50048310 STERLING HEIGHTS 43 44 2.33 105 30 376 46 460 53.33 $4,759,300 $7,837,500 $154,000 $174,500 $160,000 $172,00048312 STERLING HEIGHTS 38 43 13.16 91 33 377 26 402 -21.21 $4,648,000 $3,571,652 $146,000 $146,000 $148,000 $157,70048313 STERLING HEIGHTS 41 37 -9.76 90 37 380 22 407 -40.54 $5,448,625 $3,418,424 $146,250 $149,100 $143,750 $155,000
48314 STERLING HEIGHTS 16 24 50.00 55 19 187 13 213 -31.58 $4,004,620 $2,589,294 $184,500 $155,000 $179,950 $159,000
48315SHELBY, SHELBY
TOWNSHIP 31 39 25.81 102 26 266 23 297 -11.54 $6,488,950 $6,733,017 $242,500 $291,000 $251,000 $265,000
48316SHELBY, SHELBY
TOWNSHIP 34 33 -2.94 115 28 347 27 346 -3.57 $5,092,364 $7,030,302 $152,500 $240,000 $219,000 $237,000
48317SHELBY, SHELBY
TOWNSHIP, UTICA 26 31 19.23 61 24 272 20 252 -16.67 $3,934,330 $3,584,600 $143,765 $143,250 $141,500 $149,950Other Other 2 0 -100.00 2 0 12 1 12 100.00 $0 $45,000 $0 $45,000 $160,000 $128,250Totals 1126 1238 3319 832 825 $119,653,856 $126,831,709
This statistical information, although not guaranteed, is from data we believe reliable. This statistical information is not to be reproduced or redistributed either now or in the future without express written consent from Realcomp. ¹ Zip Code covers multiple counties.
Z I P C O D E R E P O R T / N O V E M B E R 2 0 1 5
OAKLAND COUNTY
continued on page 13
12 | Metropolitan REALTOR®
ZIP Code CVT Active
2014 2015
% change from 1
year ago 2015 2014 2014 YTD 2015 2015 YTD
% change from 1
year ago 2014 2015 2014 2015 2014 2015
48007 TROY 0 0 0.00 0 0 0 0 0 0.00 $0 $0 $0 $0 $0 $0
48009 BIRMINGHAM 77 84 9.09 285 40 527 32 554 -20.00 $20,091,098 $16,634,612 $455,700 $354,255 $430,000 $430,000
48012 BIRMINGHAM 0 0 0.00 0 0 0 0 0 0.00 $0 $0 $0 $0 $0 $048017 CLAWSON 15 21 40.00 37 17 215 16 228 -5.88 $2,252,900 $2,461,838 $142,500 $161,269 $144,000 $155,000
48025FRANKLIN, BEVERLY HILLS,
BINGHAM FARMS 32 32 0.00 106 26 240 19 254 -26.92 $9,185,000 $7,527,300 $303,000 $324,900 $333,250 $314,25048030 HAZEL PARK 32 19 -40.63 76 19 222 23 214 21.05 $594,040 $1,180,500 $26,500 $43,000 $32,801 $42,00048033¹ SOUTHFIELD 20 19 -5.00 50 12 143 10 157 -16.67 $1,157,446 $1,212,000 $86,000 $91,000 $80,000 $91,00048034¹ SOUTHFIELD 7 8 14.29 32 9 85 6 76 -33.33 $1,000,500 $614,100 $99,000 $78,450 $110,500 $140,00048037 SOUTHFIELD 0 0 0.00 0 1 1 0 1 -100.00 $195,000 $0 $195,000 $0 $195,000 $246,00048067 ROYAL OAK 64 55 -14.06 179 45 660 61 743 35.56 $8,794,413 $13,622,955 $178,000 $185,000 $193,000 $200,00048068 ROYAL OAK 0 0 0.00 0 0 0 0 0 0.00 $0 $0 $0 $0 $0 $048069 PLEASANT RIDGE 4 6 50.00 8 1 50 6 65 500.00 $310,000 $1,977,500 $310,000 $338,250 $227,500 $263,00048070 HUNTINGTON WOODS 11 15 36.36 27 9 97 4 106 -55.56 $3,778,288 $1,207,106 $390,000 $286,250 $295,000 $305,00048071 MADISON HEIGHTS 32 46 43.75 82 25 372 47 423 88.00 $2,055,536 $5,135,725 $84,750 $112,000 $82,250 $102,50048072 BERKLEY 42 40 -4.76 68 27 368 30 393 11.11 $4,482,050 $5,829,970 $156,000 $180,500 $155,000 $169,90048073 ROYAL OAK 70 79 12.86 182 48 720 55 781 14.58 $9,403,585 $11,628,485 $182,700 $174,000 $173,000 $180,00048075 SOUTHFIELD 14 23 64.29 74 22 222 22 212 0.00 $2,054,200 $2,709,210 $83,500 $133,000 $90,050 $107,500
48076SOUTHFIELD, LATHRUP
VILLAGE 32 42 31.25 88 24 322 19 323 -20.83 $3,598,252 $2,537,000 $142,750 $135,000 $120,500 $137,50048083 TROY 32 22 -31.25 77 20 238 14 276 -30.00 $4,469,000 $2,381,938 $179,450 $170,500 $180,000 $190,25048084 TROY 9 18 100.00 74 11 128 15 137 36.36 $2,264,100 $4,857,900 $175,300 $320,000 $238,650 $270,000
48085 TROY 30 25 -16.67 105 23 298 17 300 -26.09 $6,475,785 $4,330,408 $272,000 $230,000 $270,000 $266,87548086 SOUTHFIELD 0 0 0.00 0 0 0 0 0 0.00 $0 $0 $0 $0 $0 $048098 TROY 22 21 -4.55 80 21 249 14 233 -33.33 $7,322,200 $5,280,500 $369,000 $337,500 $335,000 $370,000
48099 TROY 0 0 0.00 0 0 0 0 0 0.00 $0 $0 $0 $0 $0 $048165 NEW HUDSON 13 11 -15.38 44 10 93 15 136 50.00 $2,621,885 $3,909,943 $263,063 $254,335 $245,000 $258,33348167¹ NORTHVILLE 26 18 -30.77 45 16 150 14 186 -12.50 $6,683,000 $3,975,890 $201,500 $243,000 $229,000 $259,000
48168¹ NORTHVILLE 0 0 0.00 0 0 0 0 0 0.00 $0 $0 $0 $0 $0 $0
48178¹ SOUTH LYON 36 46 27.78 125 34 386 32 385 -5.88 $7,760,208 $8,076,560 $216,000 $197,500 $227,250 $243,990
48220 FERNDALE 50 67 34.00 109 41 460 44 564 7.32 $4,645,891 $5,744,701 $112,900 $121,500 $119,300 $127,00048237 OAK PARK 37 38 2.70 78 22 305 23 344 4.55 $1,633,600 $1,924,725 $66,500 $80,000 $70,000 $85,050
48301BLOOMFIELD HILLS,
BLOOMFIELD TOWNSHIP 36 25 -30.56 121 9 213 12 248 33.33 $4,239,900 $7,624,800 $410,000 $397,500 $375,000 $381,875
48302BLOOMFIELD HILLS,
BLOOMFIELD TOWNSHIP 36 42 16.67 226 20 248 24 293 20.00 $10,492,000 $15,721,830 $458,500 $556,000 $397,500 $398,25048303 BLOOMFIELD HILLS 0 0 0.00 0 0 0 0 0 0.00 $0 $0 $0 $0 $0 $0
Sale Volume Median Sale Price YTD Median Sale PriceOakland County ZIP Code Report for November
New Sold
ZIP Code CVT Active
2014 2015
% change from 1
year ago 2015 2014 2014 YTD 2015 2015 YTD
% change from 1
year ago 2014 2015 2014 2015 2014 2015
Sale Volume Median Sale Price YTD Median Sale PriceOakland County ZIP Code Report for November
New Sold
48304 BLOOMFIELD HILLS 35 63 80.00 197 20 297 24 317 20.00 $8,450,850 $11,384,500 $288,000 $357,500 $297,000 $305,000
48306¹
ROCHESTER, ROCHESTER HILLS, OAKLAND
TOWNSHIP 26 49 88.46 186 30 369 33 430 10.00 $11,039,428 $14,258,441 $339,500 $359,900 $339,000 $370,000
48307ROCHESTER, ROCHESTER
HILLS 38 51 34.21 144 45 507 36 514 -20.00 $11,204,753 $10,343,195 $230,000 $249,118 $220,000 $224,45048308 ROCHESTER 0 0 0.00 0 0 0 0 0 0.00 $0 $0 $0 $0 $0 $0
48309 ROCHESTER HILLS 37 33 -10.81 134 25 313 22 387 -12.00 $5,415,025 $5,646,205 $235,000 $267,500 $260,000 $280,000
48320KEEGO HARBOR, SYLVAN
LAKE 9 7 -22.22 23 6 70 4 82 -33.33 $1,088,850 $265,200 $193,175 $66,350 $163,500 $156,38948321 AUBURN HILLS 0 0 0.00 0 0 0 0 0 0.00 $0 $0 $0 $0 $0 $048322 WEST BLOOMFIELD 48 51 6.25 195 33 387 37 416 12.12 $7,808,699 $8,926,894 $184,000 $231,000 $220,000 $230,820
48323WEST BLOOMFIELD,
ORCHARD LAKE 34 33 -2.94 143 22 245 17 258 -22.73 $11,054,119 $5,465,728 $296,575 $324,000 $281,000 $309,000
48324WEST BLOOMFIELD,
ORCHARD LAKE 28 34 21.43 120 18 231 21 277 16.67 $6,635,200 $4,779,000 $302,500 $225,000 $246,000 $240,000
48325 WEST BLOOMFIELD 0 0 0.00 0 0 0 0 0 0.00 $0 $0 $0 $0 $0 $048326 AUBURN HILLS 21 35 66.67 97 14 178 19 197 35.71 $2,093,300 $3,394,653 $133,750 $138,900 $130,000 $139,00048327 WATERFORD 31 37 19.35 93 14 304 27 344 92.86 $1,939,430 $4,419,275 $140,500 $137,000 $139,450 $145,00048328 WATERFORD 35 43 22.86 130 27 350 23 381 -14.81 $3,202,105 $3,847,963 $113,500 $107,000 $110,000 $119,00048329 WATERFORD 46 28 -39.13 93 32 370 37 459 15.63 $4,478,600 $5,549,403 $127,000 $135,000 $132,500 $144,000
48330WATERFORD, DRAYTON
PLAINS 0 0 0.00 0 0 0 0 0 0.00 $0 $0 $0 $0 $0 $048331 FARMINGTON HILLS 25 40 60.00 105 24 289 18 286 -25.00 $5,887,800 $4,370,150 $235,050 $260,000 $249,500 $256,50048332 FARMINGTON 0 0 0.00 0 0 0 0 0 0.00 $0 $0 $0 $0 $0 $048333 FARMINGTON HILLS 0 0 0.00 0 0 0 0 0 0.00 $0 $0 $0 $0 $0 $048334 FARMINGTON HILLS 21 31 47.62 77 25 241 17 267 -32.00 $5,894,400 $3,311,500 $167,000 $218,000 $189,950 $200,000
48335FARMINGTON,
FARMINGTON HILLS 19 24 26.32 62 12 184 11 195 -8.33 $2,660,500 $2,663,950 $214,000 $260,000 $241,000 $246,500
48336FARMINGTON,
FARMINGTON HILLS 29 37 27.59 92 24 390 47 440 95.83 $3,401,600 $6,875,289 $148,950 $157,000 $140,000 $145,00048340 PONTIAC 15 21 40.00 36 9 160 13 151 44.44 $566,366 $1,079,900 $34,000 $45,000 $31,700 $35,02348341 PONTIAC 16 17 6.25 46 25 147 13 117 -48.00 $1,420,400 $865,655 $43,500 $64,000 $36,200 $48,15048342 PONTIAC 13 13 0.00 33 5 78 5 85 0.00 $73,000 $154,209 $14,000 $23,000 $13,538 $23,00048343 PONTIAC 0 0 0.00 0 0 1 0 0 0.00 $0 $0 $0 $0 $382,865 $0
48346CLARKSTON,
INDEPENDENCE TWP 18 49 172.22 115 36 309 22 313 -38.89 $8,209,455 $4,525,710 $209,500 $207,250 $187,000 $195,00048347 CLARKSTON 0 0 0.00 0 0 0 0 0 0.00 $0 $0 $0 $0 $0 $0
48348CLARKSTON,
INDEPENDENCE TWP 41 40 -2.44 180 36 314 23 365 -36.11 $11,282,466 $7,785,825 $315,000 $325,000 $306,938 $324,95048350 DAVISBURG 7 12 71.43 50 9 81 8 75 -11.11 $1,940,025 $1,657,388 $185,000 $215,500 $232,500 $240,00048353¹ HARTLAND 0 0 0.00 0 0 0 0 0 0.00 $0 $0 $0 $0 $0 $048356 HIGHLAND 16 9 -43.75 33 8 109 13 129 62.50 $1,816,485 $3,927,900 $188,500 $138,500 $184,000 $195,00048357 HIGHLAND 18 17 -5.56 53 9 96 11 119 22.22 $1,628,800 $3,341,900 $158,500 $339,900 $212,000 $229,000
Metropolitan REALTOR® | 13
ZIP Code CVT Active
2014 2015
% change from 1
year ago 2015 2014 2014 YTD 2015 2015 YTD
% change from 1
year ago 2014 2015 2014 2015 2014 2015
48007 TROY 0 0 0.00 0 0 0 0 0 0.00 $0 $0 $0 $0 $0 $0
48009 BIRMINGHAM 77 84 9.09 285 40 527 32 554 -20.00 $20,091,098 $16,634,612 $455,700 $354,255 $430,000 $430,000
48012 BIRMINGHAM 0 0 0.00 0 0 0 0 0 0.00 $0 $0 $0 $0 $0 $048017 CLAWSON 15 21 40.00 37 17 215 16 228 -5.88 $2,252,900 $2,461,838 $142,500 $161,269 $144,000 $155,000
48025FRANKLIN, BEVERLY HILLS,
BINGHAM FARMS 32 32 0.00 106 26 240 19 254 -26.92 $9,185,000 $7,527,300 $303,000 $324,900 $333,250 $314,25048030 HAZEL PARK 32 19 -40.63 76 19 222 23 214 21.05 $594,040 $1,180,500 $26,500 $43,000 $32,801 $42,00048033¹ SOUTHFIELD 20 19 -5.00 50 12 143 10 157 -16.67 $1,157,446 $1,212,000 $86,000 $91,000 $80,000 $91,00048034¹ SOUTHFIELD 7 8 14.29 32 9 85 6 76 -33.33 $1,000,500 $614,100 $99,000 $78,450 $110,500 $140,00048037 SOUTHFIELD 0 0 0.00 0 1 1 0 1 -100.00 $195,000 $0 $195,000 $0 $195,000 $246,00048067 ROYAL OAK 64 55 -14.06 179 45 660 61 743 35.56 $8,794,413 $13,622,955 $178,000 $185,000 $193,000 $200,00048068 ROYAL OAK 0 0 0.00 0 0 0 0 0 0.00 $0 $0 $0 $0 $0 $048069 PLEASANT RIDGE 4 6 50.00 8 1 50 6 65 500.00 $310,000 $1,977,500 $310,000 $338,250 $227,500 $263,00048070 HUNTINGTON WOODS 11 15 36.36 27 9 97 4 106 -55.56 $3,778,288 $1,207,106 $390,000 $286,250 $295,000 $305,00048071 MADISON HEIGHTS 32 46 43.75 82 25 372 47 423 88.00 $2,055,536 $5,135,725 $84,750 $112,000 $82,250 $102,50048072 BERKLEY 42 40 -4.76 68 27 368 30 393 11.11 $4,482,050 $5,829,970 $156,000 $180,500 $155,000 $169,90048073 ROYAL OAK 70 79 12.86 182 48 720 55 781 14.58 $9,403,585 $11,628,485 $182,700 $174,000 $173,000 $180,00048075 SOUTHFIELD 14 23 64.29 74 22 222 22 212 0.00 $2,054,200 $2,709,210 $83,500 $133,000 $90,050 $107,500
48076SOUTHFIELD, LATHRUP
VILLAGE 32 42 31.25 88 24 322 19 323 -20.83 $3,598,252 $2,537,000 $142,750 $135,000 $120,500 $137,50048083 TROY 32 22 -31.25 77 20 238 14 276 -30.00 $4,469,000 $2,381,938 $179,450 $170,500 $180,000 $190,25048084 TROY 9 18 100.00 74 11 128 15 137 36.36 $2,264,100 $4,857,900 $175,300 $320,000 $238,650 $270,000
48085 TROY 30 25 -16.67 105 23 298 17 300 -26.09 $6,475,785 $4,330,408 $272,000 $230,000 $270,000 $266,87548086 SOUTHFIELD 0 0 0.00 0 0 0 0 0 0.00 $0 $0 $0 $0 $0 $048098 TROY 22 21 -4.55 80 21 249 14 233 -33.33 $7,322,200 $5,280,500 $369,000 $337,500 $335,000 $370,000
48099 TROY 0 0 0.00 0 0 0 0 0 0.00 $0 $0 $0 $0 $0 $048165 NEW HUDSON 13 11 -15.38 44 10 93 15 136 50.00 $2,621,885 $3,909,943 $263,063 $254,335 $245,000 $258,33348167¹ NORTHVILLE 26 18 -30.77 45 16 150 14 186 -12.50 $6,683,000 $3,975,890 $201,500 $243,000 $229,000 $259,000
48168¹ NORTHVILLE 0 0 0.00 0 0 0 0 0 0.00 $0 $0 $0 $0 $0 $0
48178¹ SOUTH LYON 36 46 27.78 125 34 386 32 385 -5.88 $7,760,208 $8,076,560 $216,000 $197,500 $227,250 $243,990
48220 FERNDALE 50 67 34.00 109 41 460 44 564 7.32 $4,645,891 $5,744,701 $112,900 $121,500 $119,300 $127,00048237 OAK PARK 37 38 2.70 78 22 305 23 344 4.55 $1,633,600 $1,924,725 $66,500 $80,000 $70,000 $85,050
48301BLOOMFIELD HILLS,
BLOOMFIELD TOWNSHIP 36 25 -30.56 121 9 213 12 248 33.33 $4,239,900 $7,624,800 $410,000 $397,500 $375,000 $381,875
48302BLOOMFIELD HILLS,
BLOOMFIELD TOWNSHIP 36 42 16.67 226 20 248 24 293 20.00 $10,492,000 $15,721,830 $458,500 $556,000 $397,500 $398,25048303 BLOOMFIELD HILLS 0 0 0.00 0 0 0 0 0 0.00 $0 $0 $0 $0 $0 $0
Sale Volume Median Sale Price YTD Median Sale PriceOakland County ZIP Code Report for November
New Sold
ZIP Code CVT Active
2014 2015
% change from 1
year ago 2015 2014 2014 YTD 2015 2015 YTD
% change from 1
year ago 2014 2015 2014 2015 2014 2015
Sale Volume Median Sale Price YTD Median Sale PriceOakland County ZIP Code Report for November
New Sold
48304 BLOOMFIELD HILLS 35 63 80.00 197 20 297 24 317 20.00 $8,450,850 $11,384,500 $288,000 $357,500 $297,000 $305,000
48306¹
ROCHESTER, ROCHESTER HILLS, OAKLAND
TOWNSHIP 26 49 88.46 186 30 369 33 430 10.00 $11,039,428 $14,258,441 $339,500 $359,900 $339,000 $370,000
48307ROCHESTER, ROCHESTER
HILLS 38 51 34.21 144 45 507 36 514 -20.00 $11,204,753 $10,343,195 $230,000 $249,118 $220,000 $224,45048308 ROCHESTER 0 0 0.00 0 0 0 0 0 0.00 $0 $0 $0 $0 $0 $0
48309 ROCHESTER HILLS 37 33 -10.81 134 25 313 22 387 -12.00 $5,415,025 $5,646,205 $235,000 $267,500 $260,000 $280,000
48320KEEGO HARBOR, SYLVAN
LAKE 9 7 -22.22 23 6 70 4 82 -33.33 $1,088,850 $265,200 $193,175 $66,350 $163,500 $156,38948321 AUBURN HILLS 0 0 0.00 0 0 0 0 0 0.00 $0 $0 $0 $0 $0 $048322 WEST BLOOMFIELD 48 51 6.25 195 33 387 37 416 12.12 $7,808,699 $8,926,894 $184,000 $231,000 $220,000 $230,820
48323WEST BLOOMFIELD,
ORCHARD LAKE 34 33 -2.94 143 22 245 17 258 -22.73 $11,054,119 $5,465,728 $296,575 $324,000 $281,000 $309,000
48324WEST BLOOMFIELD,
ORCHARD LAKE 28 34 21.43 120 18 231 21 277 16.67 $6,635,200 $4,779,000 $302,500 $225,000 $246,000 $240,000
48325 WEST BLOOMFIELD 0 0 0.00 0 0 0 0 0 0.00 $0 $0 $0 $0 $0 $048326 AUBURN HILLS 21 35 66.67 97 14 178 19 197 35.71 $2,093,300 $3,394,653 $133,750 $138,900 $130,000 $139,00048327 WATERFORD 31 37 19.35 93 14 304 27 344 92.86 $1,939,430 $4,419,275 $140,500 $137,000 $139,450 $145,00048328 WATERFORD 35 43 22.86 130 27 350 23 381 -14.81 $3,202,105 $3,847,963 $113,500 $107,000 $110,000 $119,00048329 WATERFORD 46 28 -39.13 93 32 370 37 459 15.63 $4,478,600 $5,549,403 $127,000 $135,000 $132,500 $144,000
48330WATERFORD, DRAYTON
PLAINS 0 0 0.00 0 0 0 0 0 0.00 $0 $0 $0 $0 $0 $048331 FARMINGTON HILLS 25 40 60.00 105 24 289 18 286 -25.00 $5,887,800 $4,370,150 $235,050 $260,000 $249,500 $256,50048332 FARMINGTON 0 0 0.00 0 0 0 0 0 0.00 $0 $0 $0 $0 $0 $048333 FARMINGTON HILLS 0 0 0.00 0 0 0 0 0 0.00 $0 $0 $0 $0 $0 $048334 FARMINGTON HILLS 21 31 47.62 77 25 241 17 267 -32.00 $5,894,400 $3,311,500 $167,000 $218,000 $189,950 $200,000
48335FARMINGTON,
FARMINGTON HILLS 19 24 26.32 62 12 184 11 195 -8.33 $2,660,500 $2,663,950 $214,000 $260,000 $241,000 $246,500
48336FARMINGTON,
FARMINGTON HILLS 29 37 27.59 92 24 390 47 440 95.83 $3,401,600 $6,875,289 $148,950 $157,000 $140,000 $145,00048340 PONTIAC 15 21 40.00 36 9 160 13 151 44.44 $566,366 $1,079,900 $34,000 $45,000 $31,700 $35,02348341 PONTIAC 16 17 6.25 46 25 147 13 117 -48.00 $1,420,400 $865,655 $43,500 $64,000 $36,200 $48,15048342 PONTIAC 13 13 0.00 33 5 78 5 85 0.00 $73,000 $154,209 $14,000 $23,000 $13,538 $23,00048343 PONTIAC 0 0 0.00 0 0 1 0 0 0.00 $0 $0 $0 $0 $382,865 $0
48346CLARKSTON,
INDEPENDENCE TWP 18 49 172.22 115 36 309 22 313 -38.89 $8,209,455 $4,525,710 $209,500 $207,250 $187,000 $195,00048347 CLARKSTON 0 0 0.00 0 0 0 0 0 0.00 $0 $0 $0 $0 $0 $0
48348CLARKSTON,
INDEPENDENCE TWP 41 40 -2.44 180 36 314 23 365 -36.11 $11,282,466 $7,785,825 $315,000 $325,000 $306,938 $324,95048350 DAVISBURG 7 12 71.43 50 9 81 8 75 -11.11 $1,940,025 $1,657,388 $185,000 $215,500 $232,500 $240,00048353¹ HARTLAND 0 0 0.00 0 0 0 0 0 0.00 $0 $0 $0 $0 $0 $048356 HIGHLAND 16 9 -43.75 33 8 109 13 129 62.50 $1,816,485 $3,927,900 $188,500 $138,500 $184,000 $195,00048357 HIGHLAND 18 17 -5.56 53 9 96 11 119 22.22 $1,628,800 $3,341,900 $158,500 $339,900 $212,000 $229,000
ZIP Code CVT Active
2014 2015
% change from 1
year ago 2015 2014 2014 YTD 2015 2015 YTD
% change from 1
year ago 2014 2015 2014 2015 2014 2015
Sale Volume Median Sale Price YTD Median Sale PriceOakland County ZIP Code Report for November
New Sold
48359LAKE ORION, ORION
TOWNSHIP 6 8 33.33 26 10 123 5 112 -50.00 $2,892,900 $1,564,375 $316,250 $325,000 $271,000 $214,500
48360LAKE ORION, ORION
TOWNSHIP 16 13 -18.75 54 15 167 14 187 -6.67 $3,396,000 $3,179,823 $215,000 $210,750 $225,000 $219,90048361 LAKE ORION 0 0 0.00 0 0 0 0 0 0.00 $0 $0 $0 $0 $0 $0
48362LAKE ORION, ORION
TOWNSHIP 23 25 8.70 87 18 221 19 223 5.56 $4,668,743 $5,057,250 $177,450 $275,000 $204,900 $213,00048363 OAKLAND TOWNSHIP 18 21 16.67 69 9 103 7 86 -22.22 $3,777,552 $3,296,109 $400,315 $372,650 $427,500 $537,198
48366 LAKEVILLE 0 1 100.00 1 0 0 0 2 0.00 $0 $0 $0 $0 $0 $692,50048367 LEONARD 4 5 25.00 30 6 33 2 59 -66.67 $1,530,000 $885,000 $259,500 $442,500 $211,000 $262,00048370 OXFORD 3 3 0.00 17 3 14 1 27 -66.67 $504,400 $336,333 $178,000 $336,333 $264,500 $330,00048371¹ OXFORD 32 47 46.88 173 26 351 28 360 7.69 $5,671,100 $6,659,760 $212,750 $251,000 $222,000 $237,00048374 NOVI 26 22 -15.38 93 17 192 17 236 0.00 $6,642,480 $7,648,390 $400,000 $470,000 $400,033 $429,87548375 NOVI 30 40 33.33 75 25 283 22 274 -12.00 $6,309,800 $4,880,969 $245,000 $185,000 $209,950 $195,000
48376 NOVI 0 0 0.00 0 0 0 0 0 0.00 0 0 0 0 0 048377 NOVI 20 19 -5.00 60 19 219 11 200 -42.11 3730204 3038415 178000 312500 212350 22100048380¹ MILFORD 15 16 6.67 42 3 62 5 62 66.67 915500 1735750 256000 216250 271500 28245048381 MILFORD 28 34 21.43 81 20 180 7 179 -65.00 5245500 1830000 245250 320000 245000 26500048382 COMMERCE TOWNSHIP 40 43 7.50 147 33 343 20 340 -39.39 9296205 5009809 229900 225000 250000 26000048383 WHITE LAKE TOWNSHIP 24 14 -41.67 60 9 135 9 145 0.00 1962900 2011700 213000 235000 225000 25000048386 WHITE LAKE TOWNSHIP 20 23 15.00 90 24 251 20 249 -16.67 5180389 4615317 209950 237375 199900 22000048387 UNION LAKE 0 0 0.00 0 0 0 0 0 0.00 0 0 0 0 0 0
48390WALLED LAKE, COMMERCE
TOWNSHIP 37 51 37.84 108 32 375 21 374 -34.38 5719830 4659703 151250 200003 150000 16450048391 WALLED LAKE 0 0 0.00 0 0 0 0 0 0.00 0 0 0 0 0 048393 WIXOM 14 20 42.86 43 12 149 13 197 8.33 2466300 3030210 189500 225000 196000 22250048428¹ DRYDEN 0 0 0.00 0 0 0 0 0 0.00 0 0 0 0 0 048430¹ FENTON 1 3 200.00 5 2 15 2 14 0.00 126000 614000 63000 307000 126000 16700048438¹ GOODRICH 0 0 0.00 0 0 1 0 1 0.00 0 0 0 0 230000 5500048439¹ GRAND BLANC 1 5 400.00 4 0 10 2 10 200.00 0 395000 0 197500 162500 17495048442¹ HOLLY 25 23 -8.00 77 21 244 23 263 9.52 3748700 4230100 169500 160000 155000 15000048455¹ METAMORA 0 0 0.00 0 0 0 0 0 0.00 0 0 0 0 0 048462¹ ORTONVILLE 18 22 22.22 69 12 165 16 172 33.33 2290919 2846539 215462.5 178000 203700 231000Other Other 2 1 -50.00 4 3 15 1 13 -66.67 727500 1127683 164000 1127683 114750 205100Totals 1808 2055 6230 1379 1340 $323,554,455 $325,599,564
This statistical information, although not guaranteed, is from data we believe reliable. This statistical information is not to be reproduced or redistributed either now or in the future without express written consent from Realcomp. ¹ Zip Code covers multiple counties.
14 | Metropolitan REALTOR®
Z I P C O D E R E P O R T / N O V E M B E R 2 0 1 5
WAYNE COUNTY
continued on page 15
ZIP Code CVT Active
2014 2015
% change from 1
year ago 2015 2014 2014 YTD 2015 2015 YTD
% change from 1
year ago 2014 2015 2014 2015 2014 2015
48101 ALLEN PARK 36 46 27.78 114 32 430 30 419 -6.25 $3,016,055 $2,819,613 $101,500 $97,250 $90,000 $104,000
48111BELLEVILLE, SUMPTER,
VAN BUREN 38 47 23.68 126 45 428 32 429 -28.89 $6,324,269 $5,437,951 $134,900 $154,000 $142,925 $169,900
48120 DEARBORN 3 2 -33.33 16 4 37 1 31 -75.00 $546,900 $74,000 $137,500 $74,000 $122,000 $134,00048122 MELVINDALE 13 19 46.15 36 8 93 7 101 -12.50 $327,901 $385,900 $28,751 $59,000 $42,500 $48,00048124 DEARBORN 72 70 -2.78 174 44 557 53 573 20.45 $5,432,300 $5,566,699 $108,000 $95,000 $98,900 $98,50048125 DEARBORN HEIGHTS 40 36 -10.00 115 34 317 27 303 -20.59 $2,031,050 $1,569,811 $52,500 $45,500 $50,000 $51,00048126 DEARBORN 45 51 13.33 163 28 280 20 286 -28.57 $2,525,294 $2,742,500 $80,500 $117,500 $90,000 $110,00048127 DEARBORN HEIGHTS 76 58 -23.68 151 42 474 46 492 9.52 $4,906,769 $7,045,265 $108,000 $130,950 $110,000 $116,25048128 DEARBORN 14 29 107.14 35 15 190 17 201 13.33 $2,049,000 $2,547,675 $133,000 $135,000 $125,550 $132,000
48134BROWNSTOWN, FLAT
ROCK, HURON 19 21 10.53 88 12 219 24 215 100.00 $2,208,300 $4,436,876 $170,000 $180,000 $164,500 $175,00048135 GARDEN CITY 43 50 16.28 88 34 376 26 413 -23.53 $2,793,400 $2,143,753 $82,000 $75,250 $74,500 $85,00048138 GROSSE ILE 15 16 6.67 91 13 178 11 159 -15.38 $2,710,249 $3,823,000 $187,500 $267,500 $222,500 $240,00048141 INKSTER 21 45 114.29 150 18 230 17 210 -5.56 $322,459 $399,905 $16,750 $25,000 $17,000 $20,00048146 LINCOLN PARK 46 50 8.70 130 50 466 41 441 -18.00 $2,320,356 $1,944,243 $43,800 $50,000 $43,000 $51,90048150 LIVONIA 41 50 21.95 117 38 437 34 471 -10.53 $4,496,849 $4,966,100 $112,200 $140,000 $135,000 $141,46048152 LIVONIA 48 37 -22.92 106 42 408 39 460 -7.14 $7,583,113 $7,429,424 $175,250 $172,000 $150,000 $158,25048154 LIVONIA 68 65 -4.41 93 44 488 41 544 -6.82 $7,167,677 $7,398,250 $172,000 $177,500 $165,750 $180,00048164 HURON, NEW BOSTON 11 22 100.00 42 5 71 3 94 -40.00 $747,900 $685,705 $130,000 $250,705 $170,000 $155,00048166¹ NEWPORT 0 0 0.00 0 0 0 0 0 0.00 $0 $0 $0 $0 $0 $0
48167¹NORTHVILLE, NORTHVILLE
TWP 17 21 23.53 51 11 135 8 156 -27.27 $2,328,850 $3,096,474 $197,900 $272,000 $180,000 $218,500
48168¹ NORTHVILLE 46 28 -39.13 89 21 299 19 321 -9.52 $8,908,740 $7,237,370 $380,000 $300,000 $415,000 $410,00048170¹ PLYMOUTH 108 62 -42.59 160 27 544 45 641 66.67 $8,005,135 $13,353,064 $282,500 $295,000 $252,500 $253,250
48173BROWNSTOWN,
GIBRALTAR, ROCKWOOD 13 16 23.08 55 15 148 9 128 -40.00 $2,418,900 $1,241,590 $173,000 $135,000 $126,500 $145,500
48174BROWNSTOWN, HURON,
ROMULUS 33 33 0.00 87 21 288 23 257 9.52 $1,742,700 $2,512,501 $94,900 $91,000 $75,000 $80,00048180 TAYLOR 59 81 37.29 206 47 607 38 622 -19.15 $2,949,561 $2,708,058 $55,000 $61,450 $57,500 $66,000
48183BROWNSTOWN, TRENTON,
WOODHAVEN 51 45 -11.76 111 42 490 38 546 -9.52 $5,982,724 $5,179,460 $143,500 $133,700 $126,000 $135,000
48184 WAYNE 15 23 53.33 53 13 173 15 178 15.38 $766,200 $1,075,930 $47,500 $65,000 $57,500 $65,000
48185 WESTLAND 56 67 19.64 132 54 585 58 654 7.41 $6,643,615 $7,083,766 $116,500 $111,000 $100,250 $115,550
48186 WESTLAND 46 52 13.04 124 38 479 35 474 -7.89 $3,334,698 $2,785,050 $89,500 $81,900 $80,150 $93,00048187 CANTON 56 65 16.07 159 44 547 47 633 6.82 $10,485,826 $13,087,437 $214,000 $210,000 $201,000 $214,00048188 CANTON 70 80 14.29 189 48 630 63 719 31.25 $10,668,991 $15,538,144 $221,200 $225,000 $213,500 $210,000
48192BROWNSTOWN,
RIVERVIEW, WYANDOTTE 32 35 9.38 119 24 318 25 331 4.17 $2,126,154 $2,149,608 $78,000 $92,000 $75,538 $85,000
Sale Volume Median Sale Price YTD Median Sale PriceWayne County ZIP Code Report for November
New Sold
ZIP Code CVT Active
2014 2015
% change from 1
year ago 2015 2014 2014 YTD 2015 2015 YTD
% change from 1
year ago 2014 2015 2014 2015 2014 2015
Sale Volume Median Sale Price YTD Median Sale PriceWayne County ZIP Code Report for November
New Sold
48193BROWNSTOWN,
RIVERVIEW 16 20 25.00 35 16 142 9 170 -43.75 $1,821,950 $986,500 $95,375 $87,000 $119,000 $116,00048195 SOUTHGATE 45 38 -15.56 74 29 340 20 342 -31.03 $2,709,600 $1,885,730 $80,000 $86,750 $81,001 $87,95048201 DETROIT 2 6 200.00 20 1 59 4 59 300.00 $165,000 $1,003,577 $165,000 $232,500 $227,760 $270,24648202 DETROIT 11 7 -36.36 36 4 67 6 100 50.00 $410,500 $901,500 $70,000 $128,500 $49,900 $152,90048203 DETROIT, HIGHLAND PARK 27 7 -74.07 64 5 83 6 78 20.00 $456,601 $697,020 $16,000 $47,450 $6,000 $17,750
48204 DETROIT 12 9 -25.00 64 3 75 5 62 66.67 $16,800 $74,000 $4,500 $14,000 $5,500 $6,30048205 DETROIT 46 18 -60.87 173 16 244 9 129 -43.75 $182,515 $92,500 $12,000 $7,500 $6,027 $9,10948206 DETROIT 25 9 -64.00 32 7 75 4 65 -42.86 $245,656 $675,000 $5,256 $142,500 $13,900 $30,00048207 DETROIT 7 12 71.43 30 6 98 8 118 33.33 $906,070 $1,362,800 $69,000 $154,400 $61,000 $129,25048208 DETROIT 0 1 100.00 4 1 13 4 24 300.00 $190,000 $844,000 $190,000 $230,000 $70,000 $172,00048209 DETROIT 6 5 -16.67 17 3 48 1 44 -66.67 $193,500 $5,000 $32,000 $5,000 $15,000 $17,500
48210 DETROIT 8 6 -25.00 28 4 53 4 39 0.00 $42,300 $56,600 $8,500 $14,250 $10,000 $5,50048211 DETROIT 0 0 0.00 3 1 9 0 4 -100.00 $23,000 $0 $23,000 $0 $8,000 $1,47548212 DETROIT, HAMTRAMCK 24 20 -16.67 52 10 121 7 126 -30.00 $388,810 $213,760 $43,000 $35,560 $23,000 $32,00048213 DETROIT 22 6 -72.73 31 4 65 6 65 50.00 $25,500 $67,600 $5,750 $12,250 $3,700 $5,00048214 DETROIT 17 13 -23.53 58 7 99 10 124 42.86 $1,096,500 $890,674 $65,000 $50,500 $26,000 $51,40048215 DETROIT 6 4 -33.33 13 3 33 2 35 -33.33 $240,900 $165,024 $109,900 $82,512 $14,000 $62,00048216 DETROIT 6 2 -66.67 3 4 21 1 17 -75.00 $347,250 $78,000 $89,625 $78,000 $84,250 $110,00048217 DETROIT 4 3 -25.00 18 1 43 4 25 300.00 $200 $29,000 $200 $7,400 $6,000 $8,00048218 RIVER ROUGE 12 8 -33.33 18 3 42 2 31 -33.33 $32,000 $14,210 $10,000 $7,105 $10,000 $10,01048219 DETROIT 52 42 -19.23 185 22 349 19 285 -13.64 $641,800 $717,310 $19,200 $25,000 $14,000 $19,90048221 DETROIT 36 51 41.67 178 29 341 31 262 6.90 $1,537,324 $2,792,787 $25,800 $46,000 $25,013 $31,00048223 DETROIT 30 30 0.00 113 17 190 11 127 -35.29 $770,157 $427,212 $36,900 $37,250 $20,000 $28,50048224 DETROIT 40 54 35.00 293 45 362 19 289 -57.78 $610,096 $377,104 $8,000 $13,924 $10,000 $11,05048225 DETROIT, HARPER WOODS 27 34 25.93 95 31 256 16 226 -48.39 $1,875,590 $807,431 $60,000 $47,450 $45,500 $45,05048226 DETROIT 1 5 400.00 19 6 54 0 33 -100.00 $877,490 $0 $123,250 $0 $179,000 $150,00048227 DETROIT 45 44 -2.22 206 18 237 13 208 -27.78 $268,584 $165,907 $11,014 $10,000 $10,700 $12,00048228 DETROIT 58 59 1.72 233 19 348 22 241 15.79 $245,262 $364,891 $12,000 $12,283 $8,000 $12,50048229 ECORSE 7 13 85.71 23 4 46 0 49 -100.00 $59,300 $0 $15,650 $0 $12,000 $14,900
48230GROSSE POINTE, GROSSE
POINTE PARK 29 24 -17.24 98 27 239 12 254 -55.56 $7,414,800 $3,624,500 $279,000 $276,000 $291,500 $285,57548233 DETROIT 0 0 0.00 0 0 0 0 0 0.00 $0 $0 $0 $0 $0 $048234 DETROIT 35 24 -31.43 171 11 168 8 122 -27.27 $142,374 $140,544 $5,000 $8,950 $7,700 $9,30048235 DETROIT 33 51 54.55 228 22 338 22 262 0.00 $419,500 $536,401 $16,750 $16,900 $14,950 $19,000
48236¹
DETROIT, GROSSE POINTE FARMS, GROSSE POINTE SHORE, GROSSE POINTE
WOODS 50 52 4.00 163 40 496 37 558 -7.50 $10,111,900 $10,815,899 $191,500 $230,000 $215,000 $229,82548238 DETROIT 19 12 -36.84 64 1 88 7 72 600.00 $2,000 $43,618 $2,000 $4,000 $4,502 $7,00048239 DETROIT, REDFORD 67 68 1.49 179 37 599 49 516 32.43 $2,397,897 $3,442,195 $62,500 $67,000 $54,999 $69,80048240 DETROIT, REDFORD 38 42 10.53 85 21 301 29 289 38.10 $1,141,297 $1,676,694 $48,000 $55,000 $43,500 $50,500
Metropolitan REALTOR® | 15
ZIP Code CVT Active
2014 2015
% change from 1
year ago 2015 2014 2014 YTD 2015 2015 YTD
% change from 1
year ago 2014 2015 2014 2015 2014 2015
48101 ALLEN PARK 36 46 27.78 114 32 430 30 419 -6.25 $3,016,055 $2,819,613 $101,500 $97,250 $90,000 $104,000
48111BELLEVILLE, SUMPTER,
VAN BUREN 38 47 23.68 126 45 428 32 429 -28.89 $6,324,269 $5,437,951 $134,900 $154,000 $142,925 $169,900
48120 DEARBORN 3 2 -33.33 16 4 37 1 31 -75.00 $546,900 $74,000 $137,500 $74,000 $122,000 $134,00048122 MELVINDALE 13 19 46.15 36 8 93 7 101 -12.50 $327,901 $385,900 $28,751 $59,000 $42,500 $48,00048124 DEARBORN 72 70 -2.78 174 44 557 53 573 20.45 $5,432,300 $5,566,699 $108,000 $95,000 $98,900 $98,50048125 DEARBORN HEIGHTS 40 36 -10.00 115 34 317 27 303 -20.59 $2,031,050 $1,569,811 $52,500 $45,500 $50,000 $51,00048126 DEARBORN 45 51 13.33 163 28 280 20 286 -28.57 $2,525,294 $2,742,500 $80,500 $117,500 $90,000 $110,00048127 DEARBORN HEIGHTS 76 58 -23.68 151 42 474 46 492 9.52 $4,906,769 $7,045,265 $108,000 $130,950 $110,000 $116,25048128 DEARBORN 14 29 107.14 35 15 190 17 201 13.33 $2,049,000 $2,547,675 $133,000 $135,000 $125,550 $132,000
48134BROWNSTOWN, FLAT
ROCK, HURON 19 21 10.53 88 12 219 24 215 100.00 $2,208,300 $4,436,876 $170,000 $180,000 $164,500 $175,00048135 GARDEN CITY 43 50 16.28 88 34 376 26 413 -23.53 $2,793,400 $2,143,753 $82,000 $75,250 $74,500 $85,00048138 GROSSE ILE 15 16 6.67 91 13 178 11 159 -15.38 $2,710,249 $3,823,000 $187,500 $267,500 $222,500 $240,00048141 INKSTER 21 45 114.29 150 18 230 17 210 -5.56 $322,459 $399,905 $16,750 $25,000 $17,000 $20,00048146 LINCOLN PARK 46 50 8.70 130 50 466 41 441 -18.00 $2,320,356 $1,944,243 $43,800 $50,000 $43,000 $51,90048150 LIVONIA 41 50 21.95 117 38 437 34 471 -10.53 $4,496,849 $4,966,100 $112,200 $140,000 $135,000 $141,46048152 LIVONIA 48 37 -22.92 106 42 408 39 460 -7.14 $7,583,113 $7,429,424 $175,250 $172,000 $150,000 $158,25048154 LIVONIA 68 65 -4.41 93 44 488 41 544 -6.82 $7,167,677 $7,398,250 $172,000 $177,500 $165,750 $180,00048164 HURON, NEW BOSTON 11 22 100.00 42 5 71 3 94 -40.00 $747,900 $685,705 $130,000 $250,705 $170,000 $155,00048166¹ NEWPORT 0 0 0.00 0 0 0 0 0 0.00 $0 $0 $0 $0 $0 $0
48167¹NORTHVILLE, NORTHVILLE
TWP 17 21 23.53 51 11 135 8 156 -27.27 $2,328,850 $3,096,474 $197,900 $272,000 $180,000 $218,500
48168¹ NORTHVILLE 46 28 -39.13 89 21 299 19 321 -9.52 $8,908,740 $7,237,370 $380,000 $300,000 $415,000 $410,00048170¹ PLYMOUTH 108 62 -42.59 160 27 544 45 641 66.67 $8,005,135 $13,353,064 $282,500 $295,000 $252,500 $253,250
48173BROWNSTOWN,
GIBRALTAR, ROCKWOOD 13 16 23.08 55 15 148 9 128 -40.00 $2,418,900 $1,241,590 $173,000 $135,000 $126,500 $145,500
48174BROWNSTOWN, HURON,
ROMULUS 33 33 0.00 87 21 288 23 257 9.52 $1,742,700 $2,512,501 $94,900 $91,000 $75,000 $80,00048180 TAYLOR 59 81 37.29 206 47 607 38 622 -19.15 $2,949,561 $2,708,058 $55,000 $61,450 $57,500 $66,000
48183BROWNSTOWN, TRENTON,
WOODHAVEN 51 45 -11.76 111 42 490 38 546 -9.52 $5,982,724 $5,179,460 $143,500 $133,700 $126,000 $135,000
48184 WAYNE 15 23 53.33 53 13 173 15 178 15.38 $766,200 $1,075,930 $47,500 $65,000 $57,500 $65,000
48185 WESTLAND 56 67 19.64 132 54 585 58 654 7.41 $6,643,615 $7,083,766 $116,500 $111,000 $100,250 $115,550
48186 WESTLAND 46 52 13.04 124 38 479 35 474 -7.89 $3,334,698 $2,785,050 $89,500 $81,900 $80,150 $93,00048187 CANTON 56 65 16.07 159 44 547 47 633 6.82 $10,485,826 $13,087,437 $214,000 $210,000 $201,000 $214,00048188 CANTON 70 80 14.29 189 48 630 63 719 31.25 $10,668,991 $15,538,144 $221,200 $225,000 $213,500 $210,000
48192BROWNSTOWN,
RIVERVIEW, WYANDOTTE 32 35 9.38 119 24 318 25 331 4.17 $2,126,154 $2,149,608 $78,000 $92,000 $75,538 $85,000
Sale Volume Median Sale Price YTD Median Sale PriceWayne County ZIP Code Report for November
New Sold
ZIP Code CVT Active
2014 2015
% change from 1
year ago 2015 2014 2014 YTD 2015 2015 YTD
% change from 1
year ago 2014 2015 2014 2015 2014 2015
Sale Volume Median Sale Price YTD Median Sale PriceWayne County ZIP Code Report for November
New Sold
48193BROWNSTOWN,
RIVERVIEW 16 20 25.00 35 16 142 9 170 -43.75 $1,821,950 $986,500 $95,375 $87,000 $119,000 $116,00048195 SOUTHGATE 45 38 -15.56 74 29 340 20 342 -31.03 $2,709,600 $1,885,730 $80,000 $86,750 $81,001 $87,95048201 DETROIT 2 6 200.00 20 1 59 4 59 300.00 $165,000 $1,003,577 $165,000 $232,500 $227,760 $270,24648202 DETROIT 11 7 -36.36 36 4 67 6 100 50.00 $410,500 $901,500 $70,000 $128,500 $49,900 $152,90048203 DETROIT, HIGHLAND PARK 27 7 -74.07 64 5 83 6 78 20.00 $456,601 $697,020 $16,000 $47,450 $6,000 $17,750
48204 DETROIT 12 9 -25.00 64 3 75 5 62 66.67 $16,800 $74,000 $4,500 $14,000 $5,500 $6,30048205 DETROIT 46 18 -60.87 173 16 244 9 129 -43.75 $182,515 $92,500 $12,000 $7,500 $6,027 $9,10948206 DETROIT 25 9 -64.00 32 7 75 4 65 -42.86 $245,656 $675,000 $5,256 $142,500 $13,900 $30,00048207 DETROIT 7 12 71.43 30 6 98 8 118 33.33 $906,070 $1,362,800 $69,000 $154,400 $61,000 $129,25048208 DETROIT 0 1 100.00 4 1 13 4 24 300.00 $190,000 $844,000 $190,000 $230,000 $70,000 $172,00048209 DETROIT 6 5 -16.67 17 3 48 1 44 -66.67 $193,500 $5,000 $32,000 $5,000 $15,000 $17,500
48210 DETROIT 8 6 -25.00 28 4 53 4 39 0.00 $42,300 $56,600 $8,500 $14,250 $10,000 $5,50048211 DETROIT 0 0 0.00 3 1 9 0 4 -100.00 $23,000 $0 $23,000 $0 $8,000 $1,47548212 DETROIT, HAMTRAMCK 24 20 -16.67 52 10 121 7 126 -30.00 $388,810 $213,760 $43,000 $35,560 $23,000 $32,00048213 DETROIT 22 6 -72.73 31 4 65 6 65 50.00 $25,500 $67,600 $5,750 $12,250 $3,700 $5,00048214 DETROIT 17 13 -23.53 58 7 99 10 124 42.86 $1,096,500 $890,674 $65,000 $50,500 $26,000 $51,40048215 DETROIT 6 4 -33.33 13 3 33 2 35 -33.33 $240,900 $165,024 $109,900 $82,512 $14,000 $62,00048216 DETROIT 6 2 -66.67 3 4 21 1 17 -75.00 $347,250 $78,000 $89,625 $78,000 $84,250 $110,00048217 DETROIT 4 3 -25.00 18 1 43 4 25 300.00 $200 $29,000 $200 $7,400 $6,000 $8,00048218 RIVER ROUGE 12 8 -33.33 18 3 42 2 31 -33.33 $32,000 $14,210 $10,000 $7,105 $10,000 $10,01048219 DETROIT 52 42 -19.23 185 22 349 19 285 -13.64 $641,800 $717,310 $19,200 $25,000 $14,000 $19,90048221 DETROIT 36 51 41.67 178 29 341 31 262 6.90 $1,537,324 $2,792,787 $25,800 $46,000 $25,013 $31,00048223 DETROIT 30 30 0.00 113 17 190 11 127 -35.29 $770,157 $427,212 $36,900 $37,250 $20,000 $28,50048224 DETROIT 40 54 35.00 293 45 362 19 289 -57.78 $610,096 $377,104 $8,000 $13,924 $10,000 $11,05048225 DETROIT, HARPER WOODS 27 34 25.93 95 31 256 16 226 -48.39 $1,875,590 $807,431 $60,000 $47,450 $45,500 $45,05048226 DETROIT 1 5 400.00 19 6 54 0 33 -100.00 $877,490 $0 $123,250 $0 $179,000 $150,00048227 DETROIT 45 44 -2.22 206 18 237 13 208 -27.78 $268,584 $165,907 $11,014 $10,000 $10,700 $12,00048228 DETROIT 58 59 1.72 233 19 348 22 241 15.79 $245,262 $364,891 $12,000 $12,283 $8,000 $12,50048229 ECORSE 7 13 85.71 23 4 46 0 49 -100.00 $59,300 $0 $15,650 $0 $12,000 $14,900
48230GROSSE POINTE, GROSSE
POINTE PARK 29 24 -17.24 98 27 239 12 254 -55.56 $7,414,800 $3,624,500 $279,000 $276,000 $291,500 $285,57548233 DETROIT 0 0 0.00 0 0 0 0 0 0.00 $0 $0 $0 $0 $0 $048234 DETROIT 35 24 -31.43 171 11 168 8 122 -27.27 $142,374 $140,544 $5,000 $8,950 $7,700 $9,30048235 DETROIT 33 51 54.55 228 22 338 22 262 0.00 $419,500 $536,401 $16,750 $16,900 $14,950 $19,000
48236¹
DETROIT, GROSSE POINTE FARMS, GROSSE POINTE SHORE, GROSSE POINTE
WOODS 50 52 4.00 163 40 496 37 558 -7.50 $10,111,900 $10,815,899 $191,500 $230,000 $215,000 $229,82548238 DETROIT 19 12 -36.84 64 1 88 7 72 600.00 $2,000 $43,618 $2,000 $4,000 $4,502 $7,00048239 DETROIT, REDFORD 67 68 1.49 179 37 599 49 516 32.43 $2,397,897 $3,442,195 $62,500 $67,000 $54,999 $69,80048240 DETROIT, REDFORD 38 42 10.53 85 21 301 29 289 38.10 $1,141,297 $1,676,694 $48,000 $55,000 $43,500 $50,500
ZIP Code CVT Active
2014 2015
% change from 1
year ago 2015 2014 2014 YTD 2015 2015 YTD
% change from 1
year ago 2014 2015 2014 2015 2014 2015
Sale Volume Median Sale Price YTD Median Sale PriceWayne County ZIP Code Report for November
New Sold
Other Other 1 4 300.00 11 0 8 0 6 0.00 $0 $0 $0 $0 $92,450 $101,750Totals 2115 2125 6487 1391 1299 $161,881,958 $174,440,110
This statistical information, although not guaranteed, is from data we believe reliable. This statistical information is not to be reproduced or redistributed either now or in the future without express written consent from Realcomp. ¹ Zip Code covers multiple counties.
Z I P C O D E R E P O R T / N O V E M B E R 2 0 1 5
SAINT CLAIR COUNTY
16 | Metropolitan REALTOR®
ZIP Code CVT Active
2014 2015
% change from 1
year ago 2015 2014 2014 YTD 2015 2015 YTD
% change from 1
year ago 2014 2015 2014 2015 2014 2015
48001
ALGONAC, CLAY, CLAY TWP, PEARL BEACH,
RUSSELL ISLAND 8 11 37.50 78 7 90 7 149 0.00 $1,364,900 $904,100 $172,000 $109,900 $132,000 $130,000
48002¹
ALLENTON, BERLIN, BERLIN TOWNSHIP,
BERVILLE 2 3 50.00 11 3 23 3 35 0.00 $235,369 $577,000 $65,000 $157,000 $139,900 $165,000
48004 ANCHORVILLE 0 0 0.00 0 0 0 0 1 0.00 $0 $0 $0 $0 $0 $400,00048005¹ LYNN TWP 0 0 0.00 0 0 0 0 0 0.00 $0 $0 $0 $0 $0 $0
48006
AVOCA, FARGO, GREENWOOD,
GREENWOOD TOWNSHIP, KENOCKEE, KENOCKEE
TOWNSHIP 3 1 -66.67 5 5 31 2 41 -60.00 $474,463 $247,500 $98,880 $123,750 $127,000 $149,000
48014¹CAPAC, CAPAC VILL,
MUSSEY TWP 5 4 -20.00 13 6 46 3 41 -50.00 $685,500 $503,000 $72,750 $158,000 $81,000 $127,000
48022EMMETT, EMMETT
TOWNSHIP 3 1 -66.67 12 0 15 1 19 100.00 $0 $185,000 $0 $185,000 $145,000 $150,100
48023FAIR HAVEN, IRA
TOWNSHIP 3 4 33.33 9 2 37 5 44 150.00 $1,005,000 $1,074,410 $502,500 $152,000 $135,000 $159,500
48027GOODELLS, WALES, WALES TOWNSHIP 4 3 -25.00 11 0 22 1 31 100.00 $0 $72,000 $0 $72,000 $132,389 $140,000
48028HARSENS ISLAND, CLAY
TWP 3 2 -33.33 27 1 27 3 32 200.00 $119,900 $853,000 $119,900 $280,000 $186,000 $182,50048032¹ GRANT TOWNSHIP, JEDDO 3 6 100.00 13 0 11 1 18 100.00 $0 $162,000 $0 $162,000 $165,000 $145,250
48039
COTTRELLVILLE, COTTRELLVILLE TWP, MARINE, MARINE CITY 6 7 16.67 29 3 52 6 56 100.00 $319,306 $376,000 $90,306 $48,000 $88,903 $90,500
48040 MARYSVILLE 16 16 0.00 46 12 153 13 162 8.33 $1,616,000 $1,997,900 $136,000 $165,000 $112,000 $117,000
48041¹MEMPHIS, RILEY, RILEY
TOWNSHIP 5 4 -20.00 15 6 36 4 22 -33.33 $840,300 $611,000 $146,500 $153,500 $144,380 $177,000
48049CLYDE, CLYDE TOWNSHIP,
NORTH STREET, RUBY 5 4 -20.00 22 4 46 9 68 125.00 $469,000 $1,773,177 $117,100 $199,900 $126,250 $149,000
48054
CHINA, CHINA TOWNSHIP, EAST CHINA, EAST CHINA
TWP 7 7 0.00 37 6 59 2 68 -66.67 $1,098,400 $477,900 $195,000 $238,950 $175,000 $186,000
48059
BURTCHVILLE, BURTCHVILLE TOWNSHIP,
FORT GRATIOT, FORT GRATIOT TOWNSHIP, LAKEPORT, NORTH
LAKEPORT 15 15 0.00 80 14 172 13 149 -7.14 $3,242,100 $1,541,352 $210,750 $118,552 $133,950 $129,900
48060PORT HURON, PORT HURON TOWNSHIP 53 33 -37.74 181 29 375 27 373 -6.90 $2,399,009 $2,155,811 $65,000 $68,500 $57,051 $75,000
48062¹ CASCO TWP 0 0 0.00 0 0 0 0 0 0.00 $0 $0 $0 $0 $0 $0
48063COLUMBUS, COLUMBUS
TOWNSHIP 4 3 -25.00 8 5 36 1 29 -80.00 $814,500 $231,000 $130,000 $231,000 $180,950 $170,000
48064 CASCO, CASCO TOWNSHIP 1 3 200.00 9 2 13 1 31 -50.00 $362,500 $201,000 $181,250 $201,000 $206,000 $201,000
Sale Volume Median Sale Price YTD Median Sale PriceSaint Clair County ZIP Code Report for November
New Sold
ZIP Code CVT Active
2014 2015
% change from 1
year ago 2015 2014 2014 YTD 2015 2015 YTD
% change from 1
year ago 2014 2015 2014 2015 2014 2015
Sale Volume Median Sale Price YTD Median Sale PriceSaint Clair County ZIP Code Report for November
New Sold
48074KIMBALL, KIMBALL
TOWNSHIP, SMITHS CREEK 12 13 8.33 32 12 115 12 110 0.00 $1,311,600 $1,214,020 $76,500 $111,000 $93,000 $115,750
48079SAINT CLAIR, SAINT CLAIR
TWP 12 12 0.00 54 17 164 7 149 -58.82 $2,745,650 $1,061,000 $156,000 $125,000 $146,200 $150,000
48097¹TOWNSHIP, LYNN, LYNN
TOWNSHIP, YALE 2 7 250.00 27 1 20 4 46 300.00 $86,100 $655,500 $86,100 $136,250 $46,878 $102,25048416¹ BROWN CITY, LYNN TWP 0 2 200.00 3 1 4 0 1 -100.00 $45,234 $0 $45,234 $0 $116,450 $85,00048444¹ LYNN TWP 0 0 0.00 0 0 0 0 0 0.00 $0 $0 $0 $0 $0 $0
Other Other 0 0 0.00 2 0 2 0 1 0.00 $0 $0 $0 $0 $107,500 $170,000
Totals 172 161 724 136 125 $19,234,831 $16,873,670This statistical information, although not guaranteed, is from data we believe reliable. This statistical information is not to be reproduced or redistributed either now or in the future without express written consent from Realcomp. ¹ Zip Code covers multiple counties.
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Aaronson, Scott - Denovo Real Estate
Abboud, Amy - Keller Williams Novi
Alliston, Richard - Century 21 Premier
Arbuckle, Kelsey - RE/MAX First Clinton
Aubrey, Rita - Hall & Hunter, REALTORS®
Barlage, Robert - Keller Williams Chesterfield
Barton, Nathaniel - Red Door Realty LLC
Berci, Sheryll - OMG Realty
Bettinger, Melanie - Century 21 Town & Country Nor.
Bixler, Stephen - RE/MAX First Royal Oak
Bridges, Debra - RE/MAX First Chesterfield
Cartwright, Brian - Real Estate One Royal Oak
Chambers, Olivia - Keller Williams Macomb
Christie, Heather - Real Estate One Livonia
Constance, Sally - RE/MAX First Chesterfield
Craiger, Timothy - Moving The Mitten RE Group
Crawford, Cyntara - Keller Williams Novi
Cupp, Kendra - Keller Williams Brighton
Davidson, Farrah - Esquire Property Group LLC
Davis, Tishara - Keller Williams Macomb
DeFrain, Joseph - Downtown Realty
Delia, John - Keller Williams Rochester
Demske, Kelly - RE/MAX First Clinton
DiPrima, Philip - Keller Williams Novi
Djelojosevic, Tereza - Real Estate One Clinton
Duncan, David - Marketplace Homes
Faranso, Jeniece - Real Estate One W. Blm.
Field, Deborah - Real Estate One Troy
Fierk, Sarah - Parks Title Livonia
Finnerty, Renee - Real Estate Dreams
Flam, Chester - Real Estate One Novi
Gamble, Victoria - Keller Williams Novi
Gates, Jeffrey - RE/MAX First Clinton
Gibbs, Brian - Gibbs Global Group LLC
Gringorten, Doran - Real Estate One Royal Oak
Guderman, Keith - National Realty Centers Livonia
Guza, Monica - Monica Lynn Guza Broker
Hall, Mario - H D Thompson Realty LLC
Halpin, Christopher - RE/MAX First St. Clair Shores
Harris, Edward - RE/MAX First Clinton Twp.
Hauck, Stacy - RE/MAX First Royal Oak
Hill, Brian - Metropolitan Real Estate Group
Hill, Nevin - Metropolitan Real Estate Group
Hofacer, Giles - Synergy Appraisal Services
Hosang, Kelly - Keller Williams Novi
Jacobs, Jacqueline - Keller Williams Ann Arbor
Jeffries, Sharif - Remerica Hometown III
Jelsky, Krista - RE/MAX Suburban Inc.
Johnson, Damon - M 1 Realty Inc.
Johnson, Frances - RE/MAX First Clinton Twp.
Jones, Eboni - ERA Country Ridge Realty
Kalich, James - Quest Realty LLC
Kearney, Michael - Landmark Realty
Kosman, Sheila - Clients First, REALTORS®
Kuchulan, Thomas - RE/MAX First St. Clair Shores
Labie, michael - Windsong Realty
Lanier, Carmita - Virtual Real Estate Services
Lefebvre, Jenny - Real Estate Dreams
Leone, Vickie - Century 21 Curan & Christie
Leutheuser, Katherine - Real Estate One Novi
Lewis, Terryl - Real Estate One Royal Oak
Lievens, Derek - Market Elite Inc.
Lindsey, Estelle - RE/MAX Fist Chesterfield
Loyd, LaQua - Real Estate One Southfield
Lucas, Ian - Helm & Associates
Lucas, Jeffrey - Remerican United Realty
Lucas, Tammy - Remerica United Realty
Lutz, Crystal - RE/MAX First Clinton Twp.
Maceri, Rayn - Keller Williams Macomb
Mar, Angeline - RE/MAX First Clinton Twp.
Markel-Ellenstein, Sheryl - Real Estate One W. Blm.
Marshall, Christopher - Keller Williams Novi
Marsoupian, Matthew - NextHome Metro
Mathias, Jessica - Dwellings by Rudy & Hall
Meyer, Calvin - Howard Hanna Real Estate
Mills, Anne - Michigan Certified Res. Appr.
Moorer, Wanda - Sovereign Villa Realty LLC.
Morabito, Timothy - RE/MAX First St. Clair Shores
Nelson, Robert - Prudential Heritage Real Estate
Northrup, Janet - Keller Williams Central
O’Connor, Dennis - RE/MAX First Shelby Twp.
O’Riley, Timothy - RE/MAX First Clinton Twp.
Pan, Janathan - RE/MAX Crown Properties
Pellegrino, John - Keller Williams Realty Troy
Peterson, Shannon - Majestic Homes Realty
Petrovski, Matthew - Keller Williams Novi
Powell, Tyrone - Vision Realty Centers, LLC
Pratt, Lisa - Real Estate One Novi
Pultorak, Benjiman - Land & Lake Realty Inc.
Raffin, Anthony - RE/MAX First St. Clair Shores
Ramsden, Dane - RE/MAX First Clinton Twp.
Rawlings, Carolyn - Century 21 Today Blm. Hills
Ries, Christopher - RE/MAX First Shelby
Schroeder, Ann - Century 21 Curran & Christie
Scott, John - Quest Realty LLC
Shaouni, Matthew - Flight Appraisal
Sharpe, Joseph - RE/Max Fist Clinton Twp.
Shisha, Philip - National Realty Centers Northville
Stadler, Eric - RE/MAX First Chesterfield
Stecker, Brian - RE/MAX First Clinton Twp.
Stevenson, Samuel - RE/MAX First St. Clair Shores
Tabb, Christopher - Keller Williams Novi
Tate, Jay - Howard Hanna Birm.
Taylor, Greg - Keller Williams Macomb
Toliver, Ltayna - Keller Williams Royal Oak
Torres, Robert - Neighborhood Assistance
Vaglica, Joseph - Gateway Engineering & Sur.
Vulaj, George - RE/MAX First Shelby Twp.
Walker, Raquel - Better Living Real Estate LLC
Wallace Jr, Alfred - Just in Time Real Estate
Werner, Mindy - Help-U-Sell of Metro Detroit
Wick, Charles - Wick Realty LLC
Wilkins, Thomas - Synergy Appraisal Services
Williams III, Donald - Keller Williams Plymouth
Winowski, Laura - Jenmax Realty LLC
Ybarra, Armando - Max Broock, REALTORS® Birm.
Zeer, Laura - RE/MAX Classic Farmington Hills
Zigila, Brian - National Realty Centers Livonia
Metropolitan REALTOR® | 17
We Couldn’t Do It Without You
N E W M E M B E R S
Welcome, New Members!
THANK YOU ORIENTATION SPONSORS FOR THE MONTH OF DECEMBER:ART CROSBYPillar to Post
JULIE DIAZCommission Express
VAN MAULULABeka Management
KATHY SLEBODAFirst American Title
18 | Metropolitan REALTOR®
W C R R E P O R T
By BRENDA LEE SZLACHTAMichigan Women’s Council of REALTORS® State President
JANUARY WCR EVENTS
WCR - BIRMINGHAM-BLOOMFIELDTHE TECH SAVVY AGENT - BUSINESS RESOURCE MEETINGIroquois Club43248 N. Woodward AvenueBloomfield Hills, Michigan 48302January 14, 2016See more details »
SOCIAL MIXERThe Stand34977 Woodward AvenueBirmingham, Michigan 48009January 28, 2016 - 4:30 PMSee more details »
I-275 CORRIDOR CHAPTERJANUARY BUSINESS RESOURCE MEETING18600 Haggerty RoadLivonia, Michigan 48152January 12, 2016See more details »
1ST ANNIVERSARY CELEBRATION108 E. Main StreetNorthville, Michigan 48167January 28, 2016 - 6:00 PMSee more details »
WCR - GREATER ROCHESTER
WCR - LAKE POINTE
2016 is Going to be Outstanding
2016 is shaping up to be another outstanding year for the Women’s Council of REALTORS® (WCR). The focus of Women’s Council is to advance women as professionals and leaders, not only in our industry, but in the businesses and the communities we serve. WCR exemplifies the highest standard of industry professionalism. Our profession continues to look to the Council to recognize future leaders. We identify, support, and promote strong leaders who can see change that is needed, organize resources, and engage the hearts and minds of those around them. WCR members develop and apply new found leadership skills and qualities across all areas of their personal and professional lives.
Michigan REALTORS® acknowledges Women’s Council as a source of leadership development. I am proud of the fact that seven of the fourteen members selected to participate in the first Michigan REALTORS® Leadership Academy are WCR members. And, three are members of GMAR. Congratulations to Robbin Barnes, WCR Region II VP, Katie Weaver, WCR Michigan State Treasurer and Karen Greenwood, GMAR President-Elect.
Ultimately, success in business today is achieved through positive and productive relationships. The Women’s Council of REALTORS® provides an environment of collaboration. If you are interested in learning more about how the Women’s Council of REALTORS® can accelerate your career, I would love to hear from you, [email protected] or 586.246.4600. #WCRInspires
“If your actions inspire others to dream more, learn more and become more, you are a leader.” - John Quincy Adams
JANUARY 2016BUSINESS PLANNINGCE Credits: 14 standard Wed & Fri, January 13 & 15, 2016GMAR, 20 Oak Hollow, Suite 100, Southfield$79.00 GMAR Members / $99.00 Non-MemberIncluded for MemberMax & EduPass
MARTIN LUTHER KING DAYMonday, January 18, 2016GMAR Office Closed
FROM PURCHASE AGREEMENT TO TITLE: A LEGAL PERSPECTIVECE Credits: 2 legalTuesday, January 21, 20169:00 a.m.-12:00 p.m.GMAR: 20 Oak Hollow, Suite 100, SouthfieldNo charge for GMAR members
CERTIFIED NEGOTIATION EXPERT 2 COURSEWednesday, January 27 & 28, 20169:00 a.m. – 4:00 p.m.GMAR: 20 Oak Hollow, Suite 100, Southfield$299 before January 23, 2016
NEW MEMBER ORIENTATIONMonday, January 25, 20169:00 a.m. – 4:30 p.m.GMAR: 20 Oak Hollow, Suite 100, Southfield
UPCOMING EVENTS
Metropolitan REALTOR® | 19
REGISTER HERE
If you would like to let your fellow REALTORS® know about the recent passing of another member, please submit the information to
MARY ARLINGHAUSWe are sad to inform you of the
December 16 death of Mary Arlinghaus, REALTOR®, appraiser, and former president of the Birmingham Bloomfield Board of Realtors®.
See Obituary Here
GMAR staff, leadership and membership extend warm condolences to the family and friends of Mary.
KEN BROSKEYWe are sad to inform you of the
December 14 death of Ken Broskey of Remerica Preferred in Livonia.
GMAR staff, leadership and membership extend warm condolences to the family and friends of Ken.
With Our Deepest Sympathy
L E G I S L AT I V E U P D AT E
Legislative Wrap-Up
20 | Metropolitan REALTOR®
Throughout the year, Michigan Realtors® has worked diligently with legislators in both the House and the Senate to develop and pass legislation for the benefit of the real estate industry in Michigan. While playing both offense and defense on specific legislation doesn’t always result in new state law, your voice at the Capitol remains active and effective. In 2015, Michigan Realtors® was able to leave its imprint on several pieces of legislation. Some of these bills became law and some of them, thankfully, did not. Below is an overview of some of your Association’s legislative accomplishments for 2015:
Legislation signed Into Law:Tax Records:
House Bill 4075, now Public Act 39 of 2015, keeps the cost of access to tax record data reasonable. REALTORS® know better than anyone that access to basic public information relating to property tax records is important for the daily operation of those working within the real estate industry. We truly thank Representative Bruce Rendon (R-Lake City) for his sponsorship of this bill.
Road Funding:Michigan Realtors® was part of a coalition of businesses
and local governments aimed at identifying and safeguarding a sustainable funding source for the repair and maintenance of Michigan’s roads. Through the work of the coalition and the diligence of the Michigan Legislature, Governor Snyder signed into law a $1.2 billion dollar investment in safer and better roads for Michigan. The plan takes $600 million from the General fund. In addition, it creates new revenue with:
• An increase in the gas tax by 7.3 cents, taking it to 26.3 cents per gallon. Diesel tax, which is currently at 15 cents per gallon, will match the gas tax at 26.3 cents. This change is projected to bring in $400 million.
• Registration fees will increase by about 20% across the board, which is projected to bring in another $200 million. These changes will take effect in January of 2017.
This plan will be completely phased in by 2021, which by that time, the plan will have its full $1.2 billion amount.
Transfer Tax Updates:House Bill 4173, now Public Act 217 of 2015, sponsored by
Realtor®-member and Representative Dave Maturen (R-Brady Twp.) will revise the Michigan Real Estate Transfer Tax to clarify two items:
1. The party that paid the transfer tax may request the refund if a refund is due, and
2. Clarify that Exemption “U” applies when the SEV at the time of sale is less than or equal to the original SEV.
The Michigan Supreme Court recently broadened the application of Exemption “U” by removing the requirement that True Cash Value be realized in a transfer. The legislation reflects this change, offering important clarity and tax relief to distressed sellers. In addition, this bill gives buyers the same refund rights as sellers when it is determined that the transfer tax was paid unnecessarily.
The application and refund process can be found here.
Legislation in process Tax Tribunal Reform:
Michigan Realtors® was successful in protecting the Appraiser position on the Michigan Tax Tribunal, while continuing to work positively with stakeholders towards improvements to Michigan’s tax appeal process.
Taxation of Big Box Retailers:Michigan Realtors® was an active opponent of legislation
aimed at limiting the rights of commercial property owners to challenge their property taxes and assessment. While the debate over Big Box taxation continues, the Michigan Realtors® was successful in making sure the dialogue continues with all perspectives present.
Continuing Education Enhancements:Legislation streamlining and creating efficiencies in
Michigan’s real estate regulations continues to be worked on in the Senate. The Department of Licensing and Regulatory Affairs, or LARA, is proposing several changes to the administrative rules governing real estate brokers and salespersons. The Department has identified several rules that are either in conflict with the statue, already provided for in law, or exceed their authority. As such, they are looking to eliminate the bulk of these rules and move others into statue to specifically give them the authority to enforce. Michigan Realtors® has formed a task force to look at these specific issues and hopes to address the various concerns in 2016.
Solicitation of Publicly Recorded DocumentsWe have worked cooperatively with Senator Curtis Hertel
(D-East Lansing) on Senate Bill 366, aimed at curtailing an abusive and deceptive practice of soliciting individuals by
3214—Pushbutton LockboxesRegular Member Price: $29.00Sale Member Price: $25.00
2722– Assorted RidersRegular Member Price: $6.00Sale Member Price: $4.00
3359– Home PortfolioRegular Member Price: $20.00Sale Member Price: $17.00
January 2016 ToolShop Sale PRICES GOOD JANUARY 1-31, 2016
GMAR Toolshop HoursMonday—Thursday 8:30 am to 5:00 pm
Friday 8:30 am to 4:00 pm,Closed Saturday and Sunday
Metropolitan REALTOR® | 21
mail on the need for readily available (but not mandatory) public documents. This legislation would put an end to communications indicating a requirement that you secure a copy of your deed at an exorbitant amount. Real estate licensees, however, would be exempted from the regulation. This bill has passed unanimously in the Senate, and is awaiting a hearing in the House Commerce and Trade committee.
Principal Residence Exemption on REOsSenate Bill 81, introduced by Senator Jack Brandenburg
(R-Harrison Twp) would allow lenders to keep the Principal Residence Exemption (PRE) on properties they take back into inventory after foreclosure. The PRE will allow prospective buyers to qualify for financing at the lower tax rate and begin paying the lower taxes immediately upon moving into the home.
This bill attempts to address the current process whereby banks are required to file paperwork to retain the PRE while paying a new specific tax to make up for the non-homestead mills. This bill passed the Senate this year and is in the House of Representatives awaiting a vote.
AnnexationHouse Bill 4004, sponsored by Representative Kurt
Heise (R-Plymouth) effectively grants a township board an absolute veto of annexation elections. HB 4004 exempts charter townships from annexation, prevents property owners and voters from initiating changes to municipal boundaries and prevents/discourages consolidation of local government administration and its services. This bill is a reintroduction of prior legislation to address past hostile annexation efforts. This was introduced with the unfortunate case between Northville Township and Livonia (2006 – 2008) in mind. As longtime stakeholders in this discussion, Michigan Realtors® has worked with the Michigan Municipal League (MML) and the Michigan Homebuilders Association to craft various compromises to address scenarios like the one that transpired in Northville Township.
Currently, the Michigan Realtors®, Homebuilders, and MML are well aligned in opposition. We continue to keep lines of communication open and are prepared to actively oppose HB 4004 should it continue through the legislative process in 2016.
As always, we will continue to keep you updated on all issues and policies that impact the real estate industry in 2016. From all of us at the Michigan Realtors®, Happy Holidays!
22 | Metropolitan REALTOR®
From An Affiliate
JULIE L. DIAZCommission Express of Southeast MichiganAccount Executive for Michigan and OhioGMAR Affiliate Committee ChairGMAR Member Service CommitteeRPAC Major Investor Sterling R
Welcome 2016! I’m Julie Diaz, Account Executive for Commission Express of Southeast Michigan and the Chair of the Affiliate Committee for 2016. I am extremely excited to be working with the most successful real estate industry leaders in Southeast Michigan! New affiliates are joining monthly; making the affiliate committee more diversified, and bringing experience and knowledge to strengthen what we can offer to you, the members of GMAR!
With the new year, the Affiliate Committee has been working diligently on some new and exciting topics for free CE approved classes geared towards REALTORS® of all experience levels. We’re also continuing to offer our highly
attended Real Estate Transactions A-Z series, “Mastering the Transaction” and “From Purchase Agreement to the Title Policy: A legal Perspective.” Keep an eye on the GMAR calendar and your inbox for further class information. I promise you will not want to miss these new classes. Our goal is to add value to your business through education. Benjamin Franklin said, “An investment in knowledge pays the best interest.”
As GMAR Affiliate Committee Chair and author of this editorial, I hope to bring you valuable bits of knowledge with each article. Something I’ll pass along to you now is a handy little app called MagicPlan. You can easily use it to measure rooms in 3D with your smart phone’s camera. Download it here to add it to your REALTOR® toolbox.
Please visit the GMAR Find an Affiliate web page when choosing your team of dedicated and proven professionals to make all your real estate transactions a smooth and enjoyable experience for all involved. Be safe and happy selling!
Check out the monthly promo’s for January!
Use promo code:JAN20 to Save 20%
Enroll today: http://gmaronline.theceshop.com/
Promotion expires January 31, 2016
Metropolitan REALTOR® | 23
By: Walter Quillico
Title Insurance is an integral part of the real estate transaction. It provides a certainty of property ownership to home buyers and to lenders. The insurance process serves to resolve many title issues that may exist on a specific piece of real estate. This process clears issues so the buyer can be assured that they own the real estate that they purchased.
This process is not always exact. Sometimes there are issues that are non-discoverable. Sometimes issues can’t be completely resolved and the title company agrees to insure based on risk analysis factors. And then there are those issues that were just really never covered to begin with by the basic insurance policy.
The Enhanced Title Policy is a product that provides more coverage to the Buyer. Yes, this coverage is more expensive. At $100,000 coverage the increase is about 9% or about $65.00 more. This product has been around for a while. This policy provides the following coverages/benefits:
• Post Policy Forgeries, Encroachments, Adverse Possession and easements by use.
• Building Permit and Zoning violations and Restrictive Covenants
• Access to the property by both vehicles and pedestrian
• Boundary line encroachments and set-back line violations
• Continuous coverage
• Automatic coverage increases to reflect the increased value of the property
• Estate Planning provisions to assure continued coverage in the Trust and Trustee
These coverages and benefits are not provided in the standard Owner’s Policy. There are some limitations to some of these added coverages and some deductibles will apply. Overall this is a product that provides the best coverage for the Buyer. It also has a really nice feature that allows the coverage amount to increase. So as the property increases in value so does the coverage amount. If a claim does occur this increased amount of coverage can go a long way toward covering losses down the road.
Realtors® looking to provide their clients with the best coverages they can get should take some time to familiarize themselves with this insurance product. The more coverage your clients can get the less amount of issues can get between you and your client. A happy client is a referral and repeat business source. I would encourage you to get with your title insurance provider to review this product with you and your office. When it comes to title insurance coverage – MORE is BETTER!
G O L D S P O N S O R F E AT U R E
Title Connect LLC
MAIN OFFICE AND CORPORATE HEADQUARTERS
28470 W 13 MILE ROAD, SUITE 325FARMINGTON HILLS, MI 48334
PHONE 248-642-3256
www.title-connect.com
• CLINTON TOWNSHIP • DETROIT
• ALLEN PARK • DEARBORN HEIGHTS
• BRIGHTON • FLORIDA
MORE IS BETTER
The Accredited Buyer’s Representative (ABR®) designation is the benchmark of excellence in buyer representation. This coveted designation is awarded by the Real Estate Buyer’s Agent Council (REBAC), an affiliate of the National Association of REALTORS®, to real estate practitioners who meet the specified educational and practical experience criteria. In addition, REBAC provides many membership benefits to help your business grow and keep you up-to-date and networked, with new enhancements added each year.
The overall goals of the ABR® Designation Course are to:
Prepare real estate professionals to thoroughly represent buyer-clients in real es-tate transactions and provide the quality of service and degree of fidelity to buyers that sellers have customarily enjoyed.
Offer ideas and methods for building a buyer representation business.
Develop a self-customized tool for conducting a buyer counseling session.
($110.00/year to maintain membership)
Accredited Buyer Representative Designation Course
Earn the ABR Designation
Approved for 13-hours of Michigan Continuing Education and 2-hours of Legal Credit!
DESIGNATION REQUIREMENTS
Successful completion of the two-day ABR Course, including an 80% passing grade on the exam.
After you complete this course you will have three (3) years in which to complete the other requirements.
Successful completion of one of the ABR® elective courses, including an 80% passing grade on the exam. This course may be taken prior to completing the ABR Designation Course.
Documentation verifying five (5) completed transactions in which you acted solely as a buyer representative (no dual agency). Any transactions closed prior or closed within three years after completing the ABR Course are eligible for credit.
Maintain active membership with REBAC and NAR.
Designation Course Cost
*MemberMax/EduPass
FREE**! Please fax completed form to:
(248) 478-3150
GMAR Members: $195.00
Non-Members:
$225.00
Call (248) 478-1700 Online at www.GMARonline.com Email: [email protected]
LIMITED SEATING AVAILABLE!
ATTENTION GMAR MEMBERS: You may be able to take this course for FREE*!
Name:_________________________________________ License #: ______________________ Office:_________________________________________ Phone: _________________________ Email: ________________________________________ Visa MasterCard Discover: ____________________________________________ Edu-Pass™ / Member-Max™ Expiration Date: ______________________ Signature: __________________________________
Name:_________________________________________ License #: ______________________ Office:_________________________________________ Phone: _________________________ Email: ________________________________________ Visa MasterCard Discover: ____________________________________________ Edu-Pass™ / Member-Max™ Expiration Date: ______________________ Signature: __________________________________
**Subject to seating availability. Newly licensed members are not eligible to attend designation courses included with the MemberMax™ and/or EduPass™program during the first 6-months of membership**
Registration begins at 8:30 a.m. February 9 & 10, 2016 9:00 a.m. - 5:00 p.m.
GMAR: 20 Oak Hollow, Suite 100, Southfield, MI 48033
The Accredited Buyer’s Representative (ABR®) designation is the benchmark of excellence in buyer representation. This coveted designation is awarded by the Real Estate Buyer’s Agent Council (REBAC), an affiliate of the National Association of REALTORS®, to real estate practitioners who meet the specified educational and practical experience criteria. In addition, REBAC provides many membership benefits to help your business grow and keep you up-to-date and networked, with new enhancements added each year.
The overall goals of the ABR® Designation Course are to:
Prepare real estate professionals to thoroughly represent buyer-clients in real es-tate transactions and provide the quality of service and degree of fidelity to buyers that sellers have customarily enjoyed.
Offer ideas and methods for building a buyer representation business.
Develop a self-customized tool for conducting a buyer counseling session.
($110.00/year to maintain membership)
Accredited Buyer Representative Designation Course
Earn the ABR Designation
Approved for 13-hours of Michigan Continuing Education and 2-hours of Legal Credit!
DESIGNATION REQUIREMENTS
Successful completion of the two-day ABR Course, including an 80% passing grade on the exam.
After you complete this course you will have three (3) years in which to complete the other requirements.
Successful completion of one of the ABR® elective courses, including an 80% passing grade on the exam. This course may be taken prior to completing the ABR Designation Course.
Documentation verifying five (5) completed transactions in which you acted solely as a buyer representative (no dual agency). Any transactions closed prior or closed within three years after completing the ABR Course are eligible for credit.
Maintain active membership with REBAC and NAR.
Designation Course Cost
*MemberMax/EduPass
FREE**! Please fax completed form to:
(248) 478-3150
GMAR Members: $195.00
Non-Members:
$225.00
Call (248) 478-1700 Online at www.GMARonline.com Email: [email protected]
LIMITED SEATING AVAILABLE!
ATTENTION GMAR MEMBERS: You may be able to take this course for FREE*!
Name:_________________________________________ License #: ______________________ Office:_________________________________________ Phone: _________________________ Email: ________________________________________ Visa MasterCard Discover: ____________________________________________ Edu-Pass™ / Member-Max™ Expiration Date: ______________________ Signature: __________________________________
Name:_________________________________________ License #: ______________________ Office:_________________________________________ Phone: _________________________ Email: ________________________________________ Visa MasterCard Discover: ____________________________________________ Edu-Pass™ / Member-Max™ Expiration Date: ______________________ Signature: __________________________________
**Subject to seating availability. Newly licensed members are not eligible to attend designation courses included with the MemberMax™ and/or EduPass™program during the first 6-months of membership**
Registration begins at 8:30 a.m. February 9 & 10, 2016 9:00 a.m. - 5:00 p.m.
GMAR: 20 Oak Hollow, Suite 100, Southfield, MI 48033
The At Home With Diversity course will prepare you to work effectively with - and - within today’s increasingly diverse pool of homebuyers.
Real estate professionals who adapt to increasing cultural diversity in the market and who wisely plan to meet the needs of diverse clients gain a competitive edge and are able to expand opportunities.
At Home with Diversity February 18, 2016 9:00 a.m. - 5:00 p.m.
GMAR Offices, 20 Oak Hollow, Suite 100, Southfield, MI
Today, more than one-third of all Americans are minorities.
By 2050 minorities will be the majority.
Approved for 6-hours of standard and 2-hours of legal Michigan Continuing Education!
What are the requirements for certification? To be certified as an At Home With Diversity® real estate pro-fessional, you must:
Be free from violations of the Fair Housing Act Complete the At Home With Diversity® course Agree to the One America principle Sign the certificate agreement
Designation Course Cost
**MemberMax/EduPass
FREE! Please fax completed form to:
(248) 478-3150
GMAR Members: $79.00
Non-Members:
$99.00
Call (248) 478-1700 or Online at www.GMARonline.com Email: [email protected]
LIMITED SEATING AVAILABLE!
ATTENTION GMAR MEMBERS: You may be able to take this course for FREE**!
**Subject to seating availability. Newly licensed members are not eligible to attend designation courses included with the MemberMax™ and/or EduPass™program during the first 6-months of membership**
Name:_________________________________________ License #: ______________________ Office:_________________________________________ Phone: _________________________ Email: ________________________________________ Visa MasterCard Discover: ____________________________________________ EduPass™ / MemberMax™ Expiration Date: ______________________ Signature: ______________________________________________________________________
GMAR®
Presented by:
Furhad Waquad CIPS, ABR, CRS, GRI, SFR, BPOR, TRC, AHWD
GMAR Business Planning
Business Planning Course Fees:
MemberMax/EduPass
FREE! Please fax completed form to:
(248) 478-3150
GMAR Members: $79.00
Non-Members:
$99.00
Call/Text (248) 478-1700 GMARonline.com
Members please login online for discounted pricing. LIMITED SEATING AVAILABLE!
This course will be conducted over two days and you are required to attend both days. Each attendee will be provided a workbook to complete and develop their own personalized business plan. Class will be totally interactive and you will be developing your own plan throughout the process. All attendees will have a complete business plan at the end of day 2.
GMAR introduces a new program this year to help the indi-vidual agent develop a personalized business plan with spe-cific goals, timelines and new ideas. Day one will comprise of discussions to enhance the agents skill sets and to bring to light ideas and concepts to help streamline their business. Day two is a complete analysis of the individual agents per-formance for the prior year, focusing on inventory, market coverage, goal setting, processes and business systems culminating into action plans for the agent to meet their goals in the coming year. Each attendee will be provided a workbook for them to com-plete and develop their own personalized business plan. This course will be conducted over two days and you are required to attend both days.
Topics covered: Business planning concepts True Colors Big Data Technology systems to streamline your business Networking
Name:_________________________________________ License #: ______________________ Office:_________________________________________ Phone: _________________________ Email: _________________________________________________________________________ Visa MasterCard Discover: _______________________________________________________________________________ Exp. Date: _______________________________________ CCV: _______________________ Edu-Pass™ / Member-Max™ Signature: ______________________________________________________________________
January 13 & 15, 2016 9:00 a.m. - 4:30 p.m. GMAR: 20 Oak Hollow, Suite 100, Southfield, MI 48033
Complete
Business Plan
Learn to value
differences and
Create Unity
thru True Colors
Create Effective
Action Plans
Personalized
plan with your
data
Exposure to the newest ideas
Registration at 8:30 a.m.
Approved for 14 Standard CE Credits
GMAR Business Planning
Business Planning Course Fees:
MemberMax/EduPass
FREE! Please fax completed form to:
(248) 478-3150
GMAR Members: $79.00
Non-Members:
$99.00
Call/Text (248) 478-1700 GMARonline.com
Members please login online for discounted pricing. LIMITED SEATING AVAILABLE!
This course will be conducted over two days and you are required to attend both days. Each attendee will be provided a workbook to complete and develop their own personalized business plan. Class will be totally interactive and you will be developing your own plan throughout the process. All attendees will have a complete business plan at the end of day 2.
GMAR introduces a new program this year to help the indi-vidual agent develop a personalized business plan with spe-cific goals, timelines and new ideas. Day one will comprise of discussions to enhance the agents skill sets and to bring to light ideas and concepts to help streamline their business. Day two is a complete analysis of the individual agents per-formance for the prior year, focusing on inventory, market coverage, goal setting, processes and business systems culminating into action plans for the agent to meet their goals in the coming year. Each attendee will be provided a workbook for them to com-plete and develop their own personalized business plan. This course will be conducted over two days and you are required to attend both days.
Topics covered: Business planning concepts True Colors Big Data Technology systems to streamline your business Networking
Name:_________________________________________ License #: ______________________ Office:_________________________________________ Phone: _________________________ Email: _________________________________________________________________________ Visa MasterCard Discover: _______________________________________________________________________________ Exp. Date: _______________________________________ CCV: _______________________ Edu-Pass™ / Member-Max™ Signature: ______________________________________________________________________
January 13 & 15, 2016 9:00 a.m. - 4:30 p.m. GMAR: 20 Oak Hollow, Suite 100, Southfield, MI 48033
Complete
Business Plan
Learn to value
differences and
Create Unity
thru True Colors
Create Effective
Action Plans
Personalized
plan with your
data
Exposure to the newest ideas
Registration at 8:30 a.m.
Approved for 14 Standard CE Credits
Military Relocation Professional
Certification Course Fees:
*MemberMax/EduPass
FREE**! Please fax completed form to:
(248) 478-3150
GMAR Members: $99.00
Non-Members:
$119.00
Call (248) 478-1700 Online www.GMARonline.com
Email: [email protected]
LIMITED SEATING AVAILABLE!
When military staff and their families relocate, the services of a real estate professional who understands their needs and timetables makes the transfer easier, faster, and less stressful. This certification focuses on educating real estate professionals about working with current and former military service members to find the housing solutions that best suit their needs and take full advantage of military benefits and support. Learn how to provide the real estate services— at any stage in the service member’s military career—that meet the needs of this niche market and win future referrals. Hone in your knowledge and skills for working with active duty military buyers and sellers, as well as veterans with the NAR's Military Relocation Professional Certification.
Approved for 8-standard Continuing Education Credits
ATTENTION GMAR MEMBERS: You may be able to take this course for FREE*!
Name:_________________________________________ License #: ______________________ Office:_________________________________________ Phone: _________________________ Email: ________________________________________ Visa MasterCard Discover: ____________________________________________ Edu-Pass™ / Member-Max™ Expiration Date: ______________________ Signature: __________________________________
**Subject to seating availability. Newly licensed members are not eligible to attend designation courses included with the MemberMax™ and/or EduPass™program during the first 6-months of membership**
March 1, 2016 9:00 a.m. - 4:30 p.m. GMAR: 20 Oak Hollow, Suite 100, Southfield, MI 48033
REQUIREMENTS: Be in good standing with NAR Complete the one-day Military Relocation Professional (MRP) Certification Core Course. Complete 2 one-hour webinars:
VA Home Purchase Financing & Options for Disabled Service Members and Veterans VA Compromise Sale
Submit an application, including payment of the $195 application fee to NAR.
Bonus! The Military Relocation Professional Certification Core course is an approved elective for the Accredited Buyer's Representative (ABR®) designation.
Seller Representative Specialist Designation
Certification Course Fees:
*MemberMax/EduPass
FREE**! Please fax completed form to:
(248) 478-3150
GMAR Members: $195.00
Non-Members:
$225.00
Call (248) 478-1700 Online www.GMARonline.com
LIMITED SEATING AVAILABLE!
All requirements must be completed within 2 years of taking the SRS Course.
Complete two day SRS Designation Course Complete one elective course Documentation verifying 5 completed transactions in which you acted solely as a seller representative (no dual agency). Any transac-tions closed two years prior to or after taking the SRS Designation course are eligible for credit. Maintain active membership status as an SRS with NAR
How to earn the SRS
Whether you are new to the industry or a seasoned veteran, the SRS Course
will redefine your ‘normal’ and reinvent the
way you represent sellers. Come learn tips
and tools that will equip you to list in to-
day’s marketplace.
Increase listings and grow your busi-
ness
Demonstrate and communicate your value package
Understand and apply the Code of Ethics and Standards of Practice
Understand and comply with state license laws
Understand and apply methods, tools and techniques to provide
support and services that sellers want and need
Approved for 13-standard and 2-legal Continuing Education Credits
ATTENTION GMAR MEMBERS: You may be able to take this course for FREE*!
Name:_________________________________________ License #: ______________________ Office:_________________________________________ Phone: _________________________ Email: ________________________________________ Visa MasterCard Discover: ____________________________________________ Edu-Pass™ / Member-Max™ Expiration Date: ______________________ Signature: __________________________________
**Subject to seating availability. Newly licensed members are not eligible to attend designation courses included with the MemberMax™ and/or EduPass™program during the first 6-months of membership**
March 15 & 16, 2016 9:00 a.m. - 5:00 p.m. GMAR, 20 Oak Hollow, Suite 100, Southfield, MI 48033
