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        <title>OceanaBeaches.com Blog</title>
        <link>http://www.oceanabeaches.com/blog/</link>
        <description>Silver Lake Michigan Real Estate and Pentwater Real Estate</description>
        <item>
            <guid>http://www.oceanabeaches.com/blog/silver-lake-michigan-real-estate-stats-2011-sold-data-analysis.html</guid>
            <link>http://www.oceanabeaches.com/blog/silver-lake-michigan-real-estate-stats-2011-sold-data-analysis.html</link>
            <author>JoeHayes@OceanaBeaches.com (Joe Hayes)</author>
            <title>Silver Lake Michigan Real Estate Stats - 2011 Sold Data Analysis</title>
            <description> <![CDATA[ 
Last Year, there were 32 homes sold in the Silver Lake, Mears Michigan area (49436 Zip Code).  They ranged in price from $30,000 to $399,900.  The average home sold for $125,510 in 182 days at 97.1% of full listing price.  There are currently 42 homes on the market, so that calculates into about 16 months of supply.  With this much "supply," it is important to price a home appropriately in order to sell it in a reasonable amount of time.  A deeper look into the numbers reveals that although the average home sold for 97% of the listing price, the original asking price was higher.  The average home sold for 91% of the original list price.


 








2011 Silver Lake Real Estate Sales













Address


 


 


Sales Price




1312 N Raven St


Mears


Michigan 


$150,000 




1797 N 56th


Mears


Michigan 


$47,000 




8058 W Sea Pine Dr


Mears


Michigan 


$65,000 




1265 N Emerald St


Mears


Michigan 


$64,000 




4434 N Pine Ave


Mears


Michigan 


$128,900 




2027 N Fox Ct


Mears


Michigan 


$62,000 




670 Parasail Dr


Mears


Michigan 


$162,500 




2359 N Holiday Dr


Mears


Michigan 


$47,000 




606 June


Mears


Michigan 


$45,000 




8524 W Silver Lake Rd


Mears


Michigan 


$399,900 




617 Bunny Ln


Mears


Michigan 


$70,000 




4195 N Ridge Rd


Mears


Michigan 


$160,000 




1097 N 52nd Ave


Mears


Michigan 


$63,625 




9024 W Walleye Ave


Mears


Michigan 


$83,000 




8439 W Easy St


Mears


Michigan 


$140,000 




51 N 28th Ave


Mears


Michigan 


$69,900 




4059 N Juniper St


Mears


Michigan 


$65,500 




111 N 52nd Ave


Mears


Michigan 


$131,000 




8829 N Dunes Vista Dr


Mears


Michigan 


$215,000 




2214 N Cousineau


Mears


Michigan 


$72,000 




673 N 22nd Ave N #35


Mears


Michigan 


$88,000 




560 N Spencer


Mears


Michigan 


$30,000 




9090 W Ranger Rd


Mears


Michigan 


$165,000 




1884 N White Birch Dr


Mears


Michigan 


$123,000 




8170 W Lumberjack Dr


Mears


Michigan 


$325,000 




9248 W Silver Lake Rd


Mears


Michigan 


$380,000 




1266 N Emerald St


Mears


Michigan 


$90,000 




7376 W Deer Rd


Mears


Michigan 


$145,000 




1406 N Emerald St


Mears


Michigan 


$58,500 




33 W Parasail Dr #33


Mears


Michigan 


$127,000 




8881 W Silver Lake Rd


Mears


Michigan 


$167,000 




1797 N 56th


Mears


Michigan 


$76,500 










 ]]> </description>
            <pubDate>Fri, 03 Feb 2012 06:12:49 -0600</pubDate>
                    </item>
        <item>
            <guid>http://www.oceanabeaches.com/blog/waterfront-real-estate-on-silver-lake-2011-market-data-analysis.html</guid>
            <link>http://www.oceanabeaches.com/blog/waterfront-real-estate-on-silver-lake-2011-market-data-analysis.html</link>
            <author>JoeHayes@OceanaBeaches.com (Joe Hayes)</author>
            <title>Waterfront Real Estate on Silver Lake - 2011 Market Data Analysis</title>
            <description> <![CDATA[ 
In 2011, there were 3 homes on Silver Lake that sold:




2011 Real Estate Sales on Silver Lake




Address


Sale Price




8524 W Silver Lake Road


$399,900




8829 N Duna Vista Drive


$215,000




9248 W Silver Lake Rd


$380,000






The average price for a home on Silver Lake was $331,633.  The average amount of time it took to sell was 183 days (or about 6 months) and the average home sold for $221 per square foot at 95% of the listing price.


There are currently 5 waterfront homes for sale on the lake.  One is on the channel and one is a condo, so there are 3 single family homes that are actually on Silver Lake.  They range in price from $324,999 to $565,000.


With 3 homes on the market and 3 homes sold last year, there is essentially 12 months of supply.  This is a pretty small sample size and one or two properties will skew the data, but if I had a home for sale on Silver Lake right now, I would be confident in selling it within the next 6-12 months.
 ]]> </description>
            <pubDate>Thu, 26 Jan 2012 19:22:45 -0600</pubDate>
                    </item>
        <item>
            <guid>http://www.oceanabeaches.com/blog/waterfront-real-estate-in-pentwater-is-still-selling.html</guid>
            <link>http://www.oceanabeaches.com/blog/waterfront-real-estate-in-pentwater-is-still-selling.html</link>
            <author>JoeHayes@OceanaBeaches.com (Joe Hayes)</author>
            <title>Waterfront Real Estate in Pentwater is still selling</title>
            <description> <![CDATA[ 
In 2011, there we 39 homes sold in Pentwater.  Of these, 24 were on the water or had water access.  This includes Pentwater Lake, Bass Lake, and Lake Michigan mostly.  So waterfront homes accounted for nearly two-thirds of all sales in Pentwater.  This is interesting in light of the fact that waterfront homes only account for about one-third of all active MLS listings.  There are currently in 91 homes on the market in Pentwater and 34 of those are waterfront properties.
 ]]> </description>
            <pubDate>Wed, 25 Jan 2012 08:05:23 -0600</pubDate>
                    </item>
        <item>
            <guid>http://www.oceanabeaches.com/blog/our-website-is-getting-a-facelift.html</guid>
            <link>http://www.oceanabeaches.com/blog/our-website-is-getting-a-facelift.html</link>
            <author>JoeHayes@OceanaBeaches.com (Joe Hayes)</author>
            <title>Our Website is Getting a Facelift</title>
            <description> <![CDATA[ Starting this spring, Maplewood Homes will no longer need to share a website with Greenridge Realty.  This site will then be free to focus exclusively on the areas I serve as a real estate agent, specifically, Silver Lake Michigan, Pentwater, and Oceana County (plus Ludington).  In a few weeks' time we will be launching a brand new Maplewood Homes website that will be better than ever!  Stay tuned... ]]> </description>
            <pubDate>Sat, 21 Jan 2012 10:59:26 -0600</pubDate>
                    </item>
        <item>
            <guid>http://www.oceanabeaches.com/blog/parade-of-homes-early-warning.html</guid>
            <link>http://www.oceanabeaches.com/blog/parade-of-homes-early-warning.html</link>
            <author>JoeHayes@OceanaBeaches.com (Joe Hayes)</author>
            <title>Parade of Homes Early Warning</title>
            <description> <![CDATA[ The Home Builders Association of West Michigan has set it's dates for the 2012 Parade of Homes.  It will be June 15-17th.  Maplewood Homes plans to have at least two Ludington homes in this year's Parade. ]]> </description>
            <pubDate>Wed, 04 Jan 2012 16:26:02 -0600</pubDate>
                    </item>
        <item>
            <guid>http://www.oceanabeaches.com/blog/2011-coming-to-a-close-and-things-are-looking-up.html</guid>
            <link>http://www.oceanabeaches.com/blog/2011-coming-to-a-close-and-things-are-looking-up.html</link>
            <author>JoeHayes@OceanaBeaches.com (Joe Hayes)</author>
            <title>2011 Coming to a Close and Things are Looking Up</title>
            <description> <![CDATA[ Everyone I talk to here in West Michigan is seeing an uptick in new construction.  The guys down at the lumber yard, my trade partners and vendors,  everyone is saying the same thing;  that builders have work.  This is a change from prior seasons when it seemed many builders were just doing odd jobs to stay busy.  We're still a long way down from the peak, but it's good to hear that other builders are finding work, too.  Here at Maplewood Homes, we sold 5 new homes in 2011.  Our best year, before the economic downturn, we sold 19 new homes, and you can see that we're well below that.  Still, this is a 66% increase over the 3 "build jobs" we had in 2010.  Slow, steady recovery in the housing market is probably all we could hope for and if it continues in 2012, we'll be doing good.  Happy New Year! ]]> </description>
            <pubDate>Sat, 31 Dec 2011 07:39:21 -0600</pubDate>
                    </item>
        <item>
            <guid>http://www.oceanabeaches.com/blog/michigan-energy-fair-ludington-mi-june-24-26.html</guid>
            <link>http://www.oceanabeaches.com/blog/michigan-energy-fair-ludington-mi-june-24-26.html</link>
            <author>JoeHayes@OceanaBeaches.com (Joe Hayes)</author>
            <title>Michigan Energy Fair, Ludington MI  June 24-26</title>
            <description> <![CDATA[ 
The 2011 Michigan Energy Fair is currently underway in Ludington.  There are exhibitors promoting wind, solar, and other renewable energy products.  I think it is an interesting event and educational, but renewables still have a way to go as they are still relying on subsidies and governement mandates to make them attractive.  Eventually, I expect renewables to make more sense financially for our home owners.  Already, though, it is one way to live "off-the-grid," if that is something that appeals to you.  Either way, if you're in Ludington this weekend, I think it's worth the $10 to check it out.





 



 ]]> </description>
            <pubDate>Fri, 24 Jun 2011 15:17:00 -0500</pubDate>
                    </item>
        <item>
            <guid>http://www.oceanabeaches.com/blog/new-strategy-emerging-for-selling-your-home.html</guid>
            <link>http://www.oceanabeaches.com/blog/new-strategy-emerging-for-selling-your-home.html</link>
            <author>JoeHayes@OceanaBeaches.com (Joe Hayes)</author>
            <title>New Strategy Emerging for Selling Your Home</title>
            <description> <![CDATA[ 
When it comes to selling a house, the prevailing wisdom has always been to price it above what you are willing to accept in order to be able to "come down" when someone writes an offer.  The down side to this method, however, is that some buyers who are looking in your "real" price range won't even look at the house.  Also, in today's real estate market, overpriced homes are simply ignored.


To sell your home in the current real estate environment, I would instead recommend pricing it more aggressively and then holding firm on the price.  The primary advantage to doing it this way is that your home stands out among all the others as being priced attractively.  You may still get "low-ball" offers, but if you are confident that the home represents a strong value versus the other homes on the market, you can hold the line on your asking price.


I recently applied this approach to a home in Ludington and we received a full-price offer in less than a week.
 ]]> </description>
            <pubDate>Sat, 11 Jun 2011 07:51:10 -0500</pubDate>
                    </item>
        <item>
            <guid>http://www.oceanabeaches.com/blog/oceana-county-census-data.html</guid>
            <link>http://www.oceanabeaches.com/blog/oceana-county-census-data.html</link>
            <author>JoeHayes@OceanaBeaches.com (Joe Hayes)</author>
            <title>Oceana County Census Data</title>
            <description> <![CDATA[ 
Michigan was the only state in the union to lose population over the past 10 years.  While the total population in the US grew nearly 10%, Michigan lost over 55,000 residents.  This obviously affects our real estate market because when someone gives up on Michigan, and decides to leave the state, they can't take their house with them.  Michigan is unique in that our housing collapse wasn't caused by over-building, like it was in Florida, California, and Nevada.  It is primarily a result less people living here, leading to lower demand for homes.  As you can see by the chart below, Oceana County was hit pretty hard.  303 is not a lot of people, but it is actually twice the statewide average on a percentage basis.  The silver lining is this:  At least it won't be so crowded around here!  Seriously, though, the local Oceana county real estate market will recover - and while we're waiting for that to happen, it's a really good time to buy a new home.







Oceana County


26,873


26,570


-303


-1.13%




Benona township


1,520


1,437


-83


-5.46%




Claybanks township


831


777


-54


-6.50%




Colfax township


574


462


-112


-19.51%




Crystal township


832


838


6


0.72%




Elbridge township


1,233


971


-262


-21.25%




Ferry township


1,296


1,292


-4


-0.31%




Golden township


1,810


1,742


-68


-3.76%




New Era village (pt.)


60


58


-2


-3.33%




Rothbury village


416


432


16


3.85%




Balance of Grant township


2,456


2,486


30


1.22%




Greenwood township


1,154


1,184


30


2.60%




Hart city


1,950


2,126


176


9.03%




Hart township


2,026


1,853


-173


-8.54%




Walkerville village


254


247


-7


-2.76%




Balance of Leavitt township


591


644


53


8.97%




Hesperia village (pt.)


590


615


25


4.24%




Balance of Newfield township


1,893


1,786


-107


-5.65%




Otto township


662


826


164


24.77%




Pentwater village


958


857


-101


-10.54%




Balance of Pentwater township


555


658


103


18.56%




New Era village (pt.)


401


393


-8


-2.00%




Shelby village


1,914


2,065


151


7.89%




Balance of Shelby township


1,636


1,611


-25


-1.53%




Weare township


1,261


1,210


-51


-4.04%




 ]]> </description>
            <pubDate>Tue, 05 Apr 2011 17:04:54 -0500</pubDate>
                    </item>
        <item>
            <guid>http://www.oceanabeaches.com/blog/mason-county-census-data.html</guid>
            <link>http://www.oceanabeaches.com/blog/mason-county-census-data.html</link>
            <author>JoeHayes@OceanaBeaches.com (Joe Hayes)</author>
            <title>Mason County Census Data</title>
            <description> <![CDATA[ 
Michigan was the only state in the union to lose population over the past 10 years.  While the total population in the US grew nearly 10%, Michigan lost over 55,000 residents.  This obviously affects our real estate market because when someone gives up on Michigan, and decides to leave the state, they can't take their house with them.  Michigan is unique in that our housing collapse wasn't caused by over-building, like it was in Florida, California, and Nevada.  It is primarily a result less people living here, leading to lower demand for homes.  But there is always good news.  First of all, I think the mass exodus out of Michigan has slowed, if not halted entirely, and we are working through our excess housing stock.  Secondly, all real estate is local and as you can see by the chart below, Mason County actually added population - bucking the statewide trend.  Our local real estate market is much better than other parts of the state and we will recover sooner.







Mason County


28,274


28,705


431


1.52%




Amber township


2,054


2,535


481


23.42%




Branch township


1,181


1,328


147


12.45%




Custer village


318


284


-34


-10.69%




Balance of Custer township


989


970


-19


-1.92%




Eden township


555


582


27


4.86%




Free Soil village


177


144


-33


-18.64%




Balance of Free Soil township


632


678


46


7.28%




Grant township


850


909


59


6.94%




Hamlin township


3,192


3,408


216


6.77%




Logan township


329


312


-17


-5.17%




Ludington city


8,357


8,076


-281


-3.36%




Meade township


287


181


-106


-36.93%




Pere Marquette charter township


2,228


2,366


138


6.19%




Riverton township


1,335


1,153


-182


-13.63%




Scottville city


1,266


1,214


-52


-4.11%




Sheridan township


969


1,072


103


10.63%




Fountain village


175


193


18


10.29%




Balance of Sherman township


915


993


78


8.52%




Summit township


1,021


924


-97


-9.50%




Victory township


1,444


1,383


-61


-4.22%




 ]]> </description>
            <pubDate>Tue, 05 Apr 2011 16:56:17 -0500</pubDate>
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