Updated 3 bed, 2 bath ranch with access to Hamburg Township’s Buck Lake and the Huron River Chain of Lakes. Updates include kitchen, baths, flooring, lighting, well pump and tank, water softener, furnace, closet systems and so much more. If you are looking for single floor living, with easy access to our great water playgrounds and close to just about everything from shopping to the Lakeland Trail, this is the home for you. Neighborhood park across the street and community beach just down the road.
2019 was a year of change both nationally and in the local real estate market. Nationally, sales of existing homes were up 4.6% and home prices were up 3.5%. Locally, our market was very similar, as 2019 saw more homes for sale, and modest appreciation. Both of these were welcome after a few years of historic lows for inventory and rocket-powered price escalation.
What is fueling the continued interest in real estate? Interest rates made a move back down after several months of increases. Buyer’s incomes have increased, leading to an all-time low payment as a percent of income of 15.2%. Part of this is buyers being more frugal and less willing to extend themselves. This has driven strong demand for house under $300,000 where quality inventory remains challenging.
New construction saw a resurgence with permits issued at the highest level since the start of the economic decline in 2007.
Millennial buyers are purchasing their first of second homes, and Gen Z buyers are starting their first home search. 35% of homebuyers in 2019 were under 35 years old.
Check out the graphic below for some more interesting facts.
I had the pleasure of helping the buyers purchase their new home on beautiful Bass Lake. Bring on the warm weather!
Do you dream of waking up every morning and looking out at a tranquil, private lake? Do you enjoy a slower pace, having coffee or your favorite beverage on the deck, paddling your canoe or kayak, or maybe fishing? How about entertaining? If you answered Yes, this is the house for you.
This spacious home is located on Hamburg Township’s loveliest private, no-wake lake, Cordley Lake. Electric motors are allowed, but not gas. This keeps the sound down and the water quality up. Swim or fish without worries. With the Huron River Chain of Lakes right around the corner, there are ample opportunities if you like to go fast, but this is the place to relax and take it easy.
3630 Cordley Lake Rd. Pinckney, MI 48169
Click the picture for more information. I hope to see you at the open house.