It’s Fall which means it’s festival time again – this weekend Downtown Northville is up with the Northville Heritage Festival celebrating the rich history and small town charm of historic Northville. The Parade kicks off at 6:30pm on Friday and it’s the highlight of the Festival and well worth seeing (unless you are in it yourself!). Activities and events for all ages will be taking place across Northville until Sunday afternoon
It’s mid-summer and we now have data for the first six months of 2016! Our markets of Plymouth and Northville, both City and Township, remain strong and steady. The charts are fairly self-explanatory and locals know how intense the market is around us. The City of Plymouth continues to increase in value as the downtown area flourishes with new shops including the opening of Westborn Market. It’s heartwarming to see people walking downtown with their folding shopping trolleys on their way to do their grocery shopping! The City of Northville has also seen significant increases in value – especially in the downtown area where new businesses like Red Dot Coffee and the Center Street Grille have created a lot of excitement. The Townships of both Plymouth and Northville have shown very steady pricing and new development activity is on the rise once again in Northville Township.
Now open after an extensive renovation at 505 N. Center Street in Northville, the Red Dot Coffee Co. is set to raise the bar on coffee in town. The building work has been incredible to watch progress. We can’t wait to see what the interior looks like (and what the coffee tastes like too!). With the recent opening of the Center Street Grille, the Red Dot Coffee Co. promises to be a great destination in the City of Northville.
The craft beer and microbrewery industry has been growing for some time in Michigan. Now apply that concept to ice cream and you get our very own ‘micro churn’ in Northville! Browndog Creamery specializes in small batch ice cream, hand crafted desserts, ice cream cakes, pints to go, and Michigan made beverages. Browndog Creamery is located at 118 E Main St in downtown Northville. We’ve enjoyed their treats a couple of times already and look forward to returning again soon!
OPEN HOUSE this Sunday 1-4pm: Elegantly appointed, present day living with the vintage charm and appeal of a classic American small town . Meticulously transformed in 2011 by the current owners, the completed home now enjoys 3,472 sq. ft. of finished living space on 3 floors. The features and upgrades are many, including an Open Concept Kitchen and Family Room, Stainless Steel appliances, Quartz Countertops, Shaker Style Cabinetry, Hardwood Floors, Covered Front & Rear Porches, Generous Rear Yard space, custom woodwork, reclaimed pillars & built-ins abound, 2 ½ Car garage with Walk-up Bonus Room, First Floor in-law Suite – this home offers the consummate blend old house warmth and new house comfort. Located on a tree-lined street within easy walking distance to downtown Northville’s parks, shops, entertainment, events, and restaurants.
For more information about this home, please visit our Plymouth and Northville Real Estate homepage at www.bobbake.com or simply contact Carrie, Associate Broker, at (734) 788-2398 – carrie@bobbake.com, Patrick, Associate Broker,at (734) 272-8375 – patrick@bobbake.com, or Stephanie, REALTOR, at (734) 620-4536 – stephanie@bobbake.com.
It’s time once again to recap sales trends in our area with the Summer selling season now behind us. The City of Northville and Northville Township real estate markets continue to show good demand, limited supply, and consequently – steadily rising prices. Median sales prices for single family homes and condos are up again this year and near pre-recession highs.
If you live in the City of Northville, I’m sure you’ve heard your friends and neighbors talk about a house that sold quickly while another does not. Not every home will sell instantly for a high price – especially in the higher price ranges where there are fewer buyers and the selling process can take longer. A home may also be priced too optimistically and may need a price adjustment to capture a buyer.
In the Township, prices are up while more supply is starting to come online. There are also more new construction options available as new developments begin to break ground.
Will the market go even higher in 2015 is something we can’t predict but there doesn’t appear to be any let up in demand at the moment.
If you would like to discuss buying a home in Northville – City or Township, please contact us and we would be happy to assist you: Carrie Bake, Associate Broker, at (734) 788-2398 – carrie@bobbake.com, Patrick Wong, Associate Broker,at (734) 272-8375 – patrick@bobbake.com, or Stephanie Brown, REALTOR, at (734) 620-4536 – stephanie@bobbake.com.
If you are looking for a family friendly outing this weekend, Northville is having its 3rd Annual Skeletons Are Alive event Friday, October 3rd from 6:30-9:00pm in the Town Square. Join in the fun for the unveiling of the 100 skeletons all over the Downtown as the City prepares for the annual Halloween decorating splash. For more info, click here.
Just listed: Elegantly appointed, present day living with the vintage charm and appeal of a classic American small town . Meticulously transformed in 2011 by the current owners, the completed home now enjoys 3,472 sq. ft. of finished living space on 3 floors. The features and upgrades are many, including an Open Concept Kitchen and Family Room, Stainless Steel appliances, Quartz Countertops, Shaker Style Cabinetry, Hardwood Floors, Covered Front & Rear Porches, Generous Rear Yard space, custom woodwork, reclaimed pillars & built-ins abound, 2 ½ Car garage with Walk-up Bonus Room, First Floor in-law Suite – this home offers the consummate blend old house warmth and new house comfort. Located on a tree-lined street within easy walking distance to downtown Northville’s parks, shops, entertainment, events, and restaurants.
For more information about this home, please visit our Plymouth and Northville Real Estate homepage at www.bobbake.com or simply contact Carrie, Associate Broker, at (734) 788-2398 – carrie@bobbake.com, Patrick, Associate Broker,at (734) 272-8375 – patrick@bobbake.com, or Stephanie, REALTOR, at (734) 620-4536 – stephanie@bobbake.com.
Real estate values in the City of Northville continue to climb in 2014 with strong demand and limited supply – especially in the under $500,000 price range. Average sales prices are up and approaching pre-recession highs. Desirable homes with good locations often sell in days with multiple offers – and oftentimes over asking price. Over the summer, there have been more homes coming on the market providing buyers with a few more options (and more leverage).
City of Northville Median Sales Price – 10 Year Trend
Last week we published price and sales data for the City of Plymouth. This week, we turn our attention to the City of Northville just up the road. In 2013, sales data for listed homes showed steady increasing values but also limited inventory. While prices have recovered, sales volume has not which reflects the lack of inventory buyers are faced with when shopping for homes in the City of Northville.
With the local economy improving dramatically, the annual cycle of new buyers combined with buyers who delayed buying during the recession, have created a seller’s market. Recently, supply has improved slightly and homes aren’t as likely to sell instantly but time on market is always more dependent on pricing than supply/demand dynamics.
If you are considering buying or selling a home in the Northville area in 2014, feel free to contact us and we’d be happy to discuss your plans and offer our help. Please also visit our homepage at www.bobbake.com.
Patrick Wong, REALTOR
City of Northville Sales Volume ($) – 10 Year Trend
City of Northville Number of Sales – 10 Year Trend
The City of Northville Real Estate market showed relative strength in 2010 vs. 2009 as the economy began to recover in western Wayne County. The resurgence of Automotive and the overall stabilization of the region, combined with the Federal Tax Credit in 2010, all contributed to stronger consumer confidence and better values.
For 2010 vs. 2009, we’ve seen approx. 9 % fewer homes sold (31 vs. 34) but the average selling price increased from $232,313 in 2009 to $277,532 in 2010. Given the relatively small number of sales in the City and the effect of a few high value sales in 2010, the data can be a little misleading. Nevertheless, the trend does show an increase in both average and median sales prices year over year. During the early part of 2010, the Tax Credit seemed to drive an increase in buying activity although some of this can be explained as ‘pull ahead’ sales. The City of Northville Real Estate market has always remained attractive due to the historic homes, downtown shopping and restaurants, school system, parks, and much, much more.
To see more homes available for sale in Northville, please visit www.bobbake.com or simply contact Carrie, Northville REALTOR, at 734-788-2398 – carrie@bobbake.com or Patrick, Northville REALTOR,at 734-272-8375 – patrick@bobbake.com. If you have a home to sell in the Northville area and would like a private consultation, please feel free to contact us to discuss your needs in confidence. We are specialists in the Northville area with the experience and knowledge to assist you throughout your home buying and selling process.