City of Northville Home Values Sharply Higher in 2013

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206 W Dunlap Northville

This year in the City of Northville, we’ve seen a sharp increase in not just home prices, but also the number of homes selling above $500,000.  Prices haven’t surpassed the pre-recession peak yet but the trend is positive.  With the local economy growing and homeowners now more secure in their jobs and with their businesses, there are fewer sellers and more buyers. Buyers who were holding off on purchasing due to uncertainty about jobs and the economy have returned to the market.  While Sellers have recovered some or all of their equity and are in a better position to sell.

Data Source: RealComp

2013 Plymouth Rotary Chicken Barbeque ( a.k.a. Plymouth Fall Festival ) – Sept 6-8, 2013!

20120908_103518It’s that time of year again!  The smell of barbeque smoke drifts through downtown Plymouth as the annual Fall Festival approaches.  September 6-8, 2013 will be non-stop pancakes, spaghetti, and barbeque chicken (Rotary Chicken Barbeque) along with fair rides, games, concerts, car show, and attractions for everyone.

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Downtown streets are closed off and for one weekend, downtown Plymouth is transformed into a local fair with all the pre-requisites.  I have to admit, this is one of my personal favorites of all the festivals that happen in Plymouth – good fun for the whole family and another great reason the area continues to thrive.  For more information, go to: http://www.plymouthfallfestival.com/

City of Plymouth Home Values Near Pre-Recession Highs

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As summer ends, this is a good time to add some perspective to what we’ve seen in the market so far this year. If you have bought or are trying to buy a house or condo in the City of Plymouth in 2013, this chart will not surprise you.  With homes selling quickly and often above asking price with multiple offers, values have been rising sharply this year. To see just how dramatic the increase has been, here is the price trend over past 10 years.  The data is just for the City of Plymouth (not the Township) and includes both homes and condos.  Not included are non-listed sales. But based on our knowledge of the market, the effect of non-listed data on the above chart would be negligible. csc_1972 As prices rise, we are seeing more people consider selling their homes which should ease the lack of available inventory. This however will be countered by the annual seasonal slowing of the market and higher and higher price expectations of sellers regardless of the location, condition, and layout of their home. Homes that have marginal locations, lack updates, and/or are priced too high will not sell quickly. So if you are trying to buy –  continue to expect some frustration as supply remains very limited in the City of Plymouth. I’ll be posting a similar chart for the City of Northville very soon.

Data Source: RealComp

2013 Art in the Park, Plymouth MI set for July 12-14

The 2013 edition of Art in the Park is coming this weekend to downtown Plymouth. Since the Green Street Fair didn’t happen this year, Art in the Park is the first big downtown event of the year.  As usual, there will be plenty to see, do, and buy as long as the weather co-operates.  We’ve gotten our fair share of rain already this summer so the forecast is looking very positive. One of the great things about Plymouth is how walkable the City is – not just the downtown.  We see many visitors park in the neighborhoods and walk downtown to the fair. And for this event, most of the downtown roads will be closed and the streets lined with vendors from around the country. There are even plenty of garage sales timed to coincide with this event for  more shopping nirvana. For more information about Art in the Park, you can visit their website at www.artinthepark.com.

The Abandoned Institutions of Western Wayne County

DSC_0960One of the more interesting contrasts you’ll find in the Plymouth and Northville area is the co-existence of prison facilities alongside lavish luxury homes. After closing several years ago, the Robert Scott Correctional Facility (AKA Women’s Prison) in Northville Township is being demolished. The work has been going on for some weeks now and the buildings are coming down one after another.  No word yet on what will become of this prime real estate on the northwest corner of Beck Road and 5 Mile. I’m sure no one will miss the rows of razor wire topped fencing and concrete watch towers.

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But just west along 5 Mile still stands the also closed Western Wayne Correctional Facility formerly known as the Detroit House of Correction.  I like the old name better. I’m sure this complex will also be demolished one day. Located on the outskirts of Detroit, there were once many institutional facilities here including the old Northville Regional Psychiatric Hospital (planned for development), the Wayne County Training School (now luxury homes and a strip mall), and Maybury Sanatorium (now Maybury State Park).

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Enjoy Some Local History at Plymouth Crossing Restaurant

423669_10151375824385510_1524375894_nPlymouth’s city center has enjoyed the arrival of many new restaurants and bars over the past several years. But just outside of downtown along Main St. at the level crossing, you’ll find the Markham Building and Plymouth Crossing Restaurant.

DSC01815The Building dates from 1885 when the Markham Manufacturing Company began producing wooden tanks and cisterns.  The company soon switched to manufacturing wooden air rifles while across the tracks, the Plymouth Iron and Windmill Company began producing a metal BB gun known as the ‘Daisy’.  And so began Plymouth’s page in history as the birthplace of the Daisy Air Rifle. Ultimately, the two companies became one and while the Daisy Buildings are gone save for a section of wall, the Markham Building remains.20130204_123937

 

The restaurant itself is a calming, traditional setting with a fireplace and plenty of wood tones, exposed brick walls, brass, and red, tufted leather booths.  The service is friendly and relaxed.  And the food is hearty and satisfying.  For a dining experience unique in the City, Plymouth Crossing is definitely worth a visit.

Sun and Snow Ski Rental in Downtown Plymouth

skisMost people think of restaurants, home decor, ice sculptures, and outdoor festivals when they think of Plymouth.  But there is also a strong retail sector in the downtown including one of the areas finest sports shops.

Sun & Snow opened nearly three years ago and has since expanded its store (taking over the bakery next door). Ski equipment rentals are one huge benefit that area residents can take advantage of lessening the logistics of resort rentals.  If you’ve ever had to outfit a family with ski equipment at a resort, you know the process can be demanding and patience testing to say the least.  With renting in advance, its one less thing you need to worry about when you arrive!  We’ve rented equipment here before and have been very happy with quality and friendliness of service. In addition, Sun & Snow is locally (Plymouth) owned and operated and you’ll find them at the corner of Main St. and Ann Arbor Trail right across from Starbucks and Panera Bread.

2013 Plymouth Ice Festival – January 18-20 in Downtown Plymouth MI

The 2013 Plymouth Ice Festival is coming January 18th through 20th in Downtown Plymouth centered around Kellogg Park. You’ll be able to see amazing ice sculptures throughout downtown – plenty of fun for the whole family.  Hopefully, the weather will cooperate and we’ll get some colder temps for the ice sculptors! For more information, go to www.plymouthicefestival.org.

The Ice Festival is one of several street festivals in Downtown Plymouth throughout the year. The area is very walkable with plenty of parks, shops, restaurants, and entertainment – along with plenty of parking. Plymouth also has beautiful residential tree-lined streets with lots of gorgeous historic homes making it one of the area’s prettiest small towns. If you want to learn more about buying or selling a home in Plymouth, please visit our official homepage at www.bobbake.com.

Plymouth Real Estate Market Continues to see Strong Demand

Source: RealComp

Our local real estate market continues to see strong demand amid a limited inventory of available homes for sale. For much of 2012, demand has grown steadily as buyers return to the market with added confidence.  This combined with fewer sellers needing to sell and fewer distressed homes on the market has dramatically changed the real estate landscape over the past several months.  October year over year, Plymouth (Township and City – 48170) has shown increases in the number sold listings (+27%) and total sales volume (+35%) while the number of new listings is only increased marginally (+7%). As a result, the number of active listings (available inventory) has seen a significant decline (-33%) and prices are on the rise.

As a seller, now is a good time to sell since you have less competition and there are buyers that are in need of a good home.  As a buyer, you need to be educated about the market and ready to act when a great house does come along.  Of course, if you need help with either, we are available to assist you. We know the area, the market, the subdivisions, etc. and can provide solid advice you want to help you through the process of buying or selling your next home.

 

2012 Plymouth Rotary Chicken Barbeque ( a.k.a. Plymouth Fall Festival ) – Sept 7-9, 2012!

It’s that time of year again!  The smell of barbeque smoke drifts through downtown Plymouth as the annual Fall Festival approaches.  Sept 7-9, 2012 will be non-stop pancakes, spaghetti, and barbeque chicken (Rotary Chicken Barbeque) along with fair rides, games, car show, and attractions for everyone.Plymouth Fall Festival

Chicken Barbeque Fall Festival Plymouth 2009

Downtown streets are closed off and for one weekend, downtown Plymouth is transformed into a local fair with all the pre-requisites.  I have to admit, this is one of my personal favorites of all the festivals that happen in Plymouth – good fun for the whole family and another great reason the area continues to thrive.  For more information, go to: http://www.plymouthfallfestival.com/IMG00044-20090912-1254

U.P. Pasties now OPEN in Downtown Plymouth!

So what is a Pasty you are wondering? This Upper Peninsula speciality is pronounced “PASS-tee” and not “Paste-tee”.  It’s essentially a savory meet pie packed with selected meats and vegetables.  They come in diffferent sizes as well.  We’ve tried them and the food is wholesome, simple, filling, and well worth a taste.  Owned and operated by a local couple, UP Pasties is located at 810 S Main St in downtown Plymouth.  734-927-4422.

Bumpers, Bikes & Bands show in Plymouth’s Historic Old Village July 28, 2012

After a very busy (and warm) Art in the Park event last week, it’s time for art of a different kind – the wheeled kind – on the streets of Plymouth!  This time, it’s cool cars and bikes in Plymouth’s Historic Old Village.  In addition to the show, there are also plenty of galleries, shops, and restaurants that offer an eclectic alternative to the Kellogg Park area. For more information about this event and/or to register your vehicle for the show, go to: http://oldvillage.eventbrite.com/