2021 Northville Heritage (Victorian) Festival and Parade this Weekend September 17-19th – Parade Starts at 6:30pm Friday!

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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

For more information about the Northville Heritage Festival and including a schedule of events, click here.

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Plymouth and Northville Real Estate Values – 2017 Continues the Trend

The Super Bowl and Olympics are over, Spring Training has begun and that means only one thing: Real Estate Season is here! Buyers and Sellers are emerging from their winter hibernation and preparing and planning their next move.

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 busy shops, restaurants, and events.  The City of Northville has also seen significant increases in value.  The Townships of both Plymouth and Northville have also shown steady price increases in addition to growing new development activity – especially in Northville Township. The lack of inventory as shown below illustrates that in an area where there is limited opportunity for new development, the price of existing homes will appreciate in a strong market.

 

 

2016 Plymouth and Northville Real Estate Values Continue to Show Strength and Steady Growth as Inventory Remains Low

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We now have the full year of 2016 data and average price trends in the Plymouth and Northville markets have continued their upward climb. This should come as no surprise to those who live here and have witnessed the market first hand.  But it’s nice to see the supporting data that shows prices have indeed kept rising. I’ve split the data by City and Township for both Plymouth and Northville single family homes with comments and observations below each chart. You’ll find a 5th chart that illustrates the inventory of active listings in Plymouth and Northville remains very low. As always, you can refer to our website’s front page to see what our listings and buyer sales close for. If you would like additional market information or a valuation of your home, please complete the form at the end of this article.

City of Plymouth Average Sales Price: Single Family Homes Last 10 years: Another Record Year

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Click to Enlarge: City of Plymouth Average Sales Price

The City of Plymouth real estate market continues to reach higher and higher heights as people are attracted to our walkable neighborhoods and city center. Prices are setting new records with bidding wars being commonplace for the more desirable homes and locations – however, it’s not every home that sells for a premium. Location, condition, presentation, marketing, functionality, updates, and pricing all determine how fast and how much a home will sell for.

We are seeing people from all over the metro Detroit and Ann Arbor area choosing the City of Plymouth whether they are first time or last time buyers. Buyers are cross shopping Plymouth and Ann Arbor more often as well as the Ann Arbor market can be even more competitive.  New construction activity has also been transforming  parts of the City resulting in a community response that resulted in new rules for new construction. How the new Floor Area Ratio ordinance will affect the market remains to be seen but I expect Plymouth will be just as desirable, if not more desirable, as before. If you split out new construction homes from the data, the average price is still trending significantly higher year over year. And based on the actual activity we are seeing on the ground, this upward trend should continue through 2017 barring any unforeseen shock to our local economy and the automotive industry in general.

Township of Plymouth Average Sales Price: Single Family Homes Last 10 years:

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Click to Enlarge: Township of Plymouth Average Sales Price

Plymouth Township prices have also remained steady and strong although the market is less robust than in the City. For buyers who prefer a little more house for the money, a lower property tax rate, a larger home and/or property, or prefer to just have more privacy and space between homes, the Township offers a wide range of established neighborhoods and homes with acreage, nearby parks, and proximity to the City. We have also seen quite an increase in inbound relocation buyer traffic moving to the Plymouth area where the schools, prices, proximity to the City of Plymouth, DTW, metro Detroit, and Ann Arbor all help to make the Plymouth Township very attractive.

City of Northville Average Sales Price: Single Family Homes Last 10 Years:

City of Northville Average Sales Price: Single Family Homes Past 10 Years
Click to Enlarge: City of Northville Average Sales Price

The City of Northville has also shown a remarkable recovery from the Recession.  Prices are very strong with homes selling off market or very quickly on market at higher prices. The tear-down/new construction activity is here as well although not as pervasive as in Plymouth. Northville has a much larger Historic District where home demolition is severely restricted.  The business district continues to thrive with new restaurants, coffee shops, retail stories, parks, events, while the quiet, historic, walkable neighborhoods continue to attract buyers who appreciate all that Northville has to offer. The feel of the downtown is different from Plymouth so we always encourage our clients to spend time in both to see for themselves. If you are looking for a home in the City of Northville, we recommend patience and perseverence.

Township of Northville Average Sales Price: Single Family Homes Last 10 Years:

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Click to Enlarge: Township of Northville Average Sales Price

Northville Township prices have recovered steadily and there are pockets of new construction on the few remaining empty lots and even new projects on previously undeveloped land. The redevelopment of the old Women’s Prison will take place adding more residential, shopping (and traffic) to the Beck Road and 5 Mile area. One of the drivers of Northville Township real estate market over the past year is inbound corporate relocation activity. We see a steady of flow of transferees either moving to or moving back to the area. Larger, newer homes with community amenities, parks, and highly regarded schools have made Northville Township a safe and reliable choice for many buyers. As with Plymouth, the location is ideal for proximity to everything in metro Detroit, Ann Arbor and the downtowns of Northville and Plymouth.

Plymouth and Northville Number of Active Listings: Homes and Condos Last 10 Years by Month:

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Click to Enlarge: Plymouth and Northville Number of Active Listings

With demand for Plymouth and Northville continuing to drive our market and a limited supply of new construction inventory, real estate is going to remain a sellers market. The dramatic decline in the number of active listings on the market at any given time since the recession clearly indicates how competitive the market is, why prices are going up, and how difficult life can be if you are trying to buy in Plymouth and Northville.

If you have any questions about the material above or just want to discuss your real estate goals with us, please contact us by completing the form below and we will respond to your query promptly. We specialize in our local market and can provide the professional expertise and experience necessary to guide you through the process.

Plymouth and Northville Real Estate Values – the First Six Months of 2016 were Good!

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.

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Red Dot Coffee Co. in Downtown Northville Now Open!

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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.

Northville Flower Sale Today May 28th Until 5pm

Northville Flower SaleDowntown Streets are closed for the annual Northville Flower Sale.  The weather is perfect!  Click here for more info.

Browndog Creamery Now Open in Downtown Northville and It’s Worth a Visit!

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!IMG_0132

First BAKE Open House of Twenty Fifteen: 540 Orchard Drive, Northville – 11am – 2pm Sunday January 11th

Open this Sunday 11am to 2pm, 540 Orchard Drive was seamlessly expanded & renovated in 2011 with design work by Architect George Clemens (clemensarchitecture.com) and custom build work by Amish builders. This home has character AND functionality. 3 bedrooms upstairs and one suite on the main level, a Shaker style gourmet island kitchen with quartz countertops & stainless appliances open to the family room, 3rd floor recreation room, abundant storage, a 2011 2.5 car carriage house with walk-up second story, spacious basement for storage & recreation, 2nd floor laundry closet hookup, covered rear porch, mudroom, James Hardie & brick siding, Jeld-Wen windows, 3 fireplaces, and more. Walking distance to OLV school, parks, & Downtown Northville. Award-winning Amerman Elementary, Hillside Middle & Northville High Schools. Live the charmed life in one of America’s greatest classic small towns!

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.

 

 

BAKE OPEN HOUSE SUNDAY DEC. 7th 1-4PM: 540 Orchard Drive

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.

 

City of Northville and Northville Township Real Estate Values Continue to Rise in 2014

City of Northville Median Sales Price
City of Northville

Northville Township Median Sales Price
Northville Township

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.

This Friday Halloween Festivities Kick off in Downtown Northville with the Unveiling of Skeletons are Alive

SkeletoncardFINALIf 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.

VIDEO: Just Listed! 540 Orchard Drive in the City of Northville – 4 Bedroom, 3.2 Bath Colonial Recently Expanded and Renovated Throughout

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.