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Ferndale

Oak Park, Michigan – A Great City To Call Home!

If you are looking for a new place to call home, check out Oak Park, Michigan. As the slide presentation  below demonstrates, Oak Park’s population has remained stable at near 30,000 for decades. The reason is simple. The city is built out and when someone moves there are people in line to move into this stable city.

Oak Park, Michigan exemplifies a well run diverse city that is centrally located in the greater metropolitan area! The city’s population, ethnic diversity and location makes Oak Park one of my favorite cities to serve. It starts with it citizens; middle income, possessing a great public school system that prepares its citizens to continue with tradition and pride. The crime rate is historically below both Michigan and the United States, as shown on the slide presentation below. The city’s population has been steady, primarily because the city is well established with little vacant land to expand.Oak Park is emerging as one of Southeast Oakland County’s sleeper communities and it is is getting attention and therefore  investing in infrastructure is occurring to meet the wants and needs of its citizens. Up until recently, 2015, Oak Park did not allow restaurants to sell alcoholic beverages, but that has changed. Today, there are 2 breweries moving into the city and a new American restaurant dubbed Oak Park Social.

Dog & Pony Show Brewing.  Unexpected Brewing, will be moving onto the 11 Mile corridor in the near future.Structurally, the city recently made several capital improvements, increasing the attention and demand to live in Berkley, along with Royal Oak, Huntington Woods, and Ferndale.  Berkley also added electrical bikes connecting Oak Park to Ferndale, along 9 Mile Road, to keep things fun and accessible, Berkley, while converting 9 Mile from 4 car lanes to 2 with the other two lanes accommodating the resurgence of the “desire to ride”.Oak Park has its

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Oakland County Housing Market

Housing prices are affected by many variables and one of them is supply and demand. The more people striving to buy a home, the greater the pressure on home prices. If your life allows you to acquire a house in the off season, the fall and winter, you may have an opportunity to get a “bargain”. This applies to all markets. The data used in this article is for Oakland County. The concept however applies to all housing markets and the base year used is 2000. The chart below shows the average price of homes sold in in the respective years compared to the year 2000.

The housing market in 2008 fell precipitously because of the deep recession brought about by sub-prime lending which collapsed . It took until 2016 to recover from the losses occurring in 2008 and prior. The above chart indicates the average home price in Oakland county at the end of 2018 was 20.59% higher than at the end of the year 2000. It also seems that the market has got a ways to go to catch up for the losses occurring during the crash. Subprime lending is no longer a major factor affecting home prices and the demand for housing in Oakland County has been brisk over the last several years with most economist seeing very little slow down in the rise of prices.

Most home shoppers look to buy and/or sell a home in the late spring and summer months. This is mainly driven by the fact that they have children who are in the middle of the school year and they do not want to have their children be disrupted by switching schools, leaving old friends behind and making new ones in their new location.

This presents an upside to moving in the off season. Generally there are fewer buyers in the fall and winter months driven by their children’s school year and to some degree the weather. Frostbite can be a pain when moving.:) 

One family’s constraints are often another families opportunity when it comes to buying a home. Let me help you take advantage of this if you are able to move in this off season.

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Pig & Whiskey 2019 in Ferndale

 

The state of Michigan’s motto is “If you seek a pleasant peninsula, look about you”. In southeast Michigan “if you seek a good time and a great place to live, come to Ferndale”. This annual fun event called Pig & Whiskey 2019 is organized by Metro Times and Woodward Avenue Brewers.  

It begins this week on Friday July 19 thru Sunday July 21st. Click on the image above to visit their website for more details.  Don’t miss Pig & Whiskey 2019  If you do you will regret it.

See line-up of bands below. They start on Friday. Don’t miss the excitement!

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