News

Ferndale – A Great Place To Call Home

The city of Ferndale is known for many things including being a wonderful place to live and raise a family. Woodward Avenue, the main roadway in Michigan,runs right through the heart of the city. The intersection of Woodward and Nine Mile Road is at the heart of its downtown. Woodward and expressways going in all directions make Ferndale convient to get to and from work anywhere in the Detroit area. A side note, across the street at the northern border there are a bunch of animals living at the Detroit Zoo.

The city’s population was 20,700 residents as of 2017 and is continuing to grow. The median home value in Ferndale is $131,100 with 64% of its residents owning a home. The median age of its residents is 35, which is 5 years younger than  the median age of the entire state of Michigan.

Ferndale is well known for its nightlife and fine dining. Some of the more popular spots to dine and relax include: Como’s, Imperial, Sneakers, One Eyed Betty’s and Detroit Ax. Let me find the home of your dreams and we will celebrate at one of these fine establishments.

Here is a snapshot of what homes are selling for and the trend for average home prices in Ferndale.

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Berkley Michigan Planning For The Future!

Berkley is already a dynamic city and its planning commission is taking steps to make its future even brighter by creating and implementing a plan to make its downtown area more attractive and vibrant. A  downtown has an impact on property values throughout a city, not just the downtown. Over time it is reasonable to expect home property values will hold and increase due to the proposed changes to the city’s zoning requirements.

Berkley is a city in southern Oakland county adjacent to Royal Oak to the east and north and Huntington Woods to the south.  It is bounded by Eleven Mile Road on the south, Woodward Ave. on the east, Greenfield Road on the west and Webster Road on the north. Per Wikipedia “Berkley, as of the 2010 census, the total population was 14,970.”

The median household income of a family in Berkey, Michigan is $70,625, whereas the average for the U.S. is $53,482. The current unemployment rate in Berkley is 3.3%.

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Update on Oakland County Housing Market

We are about to head into the home buying season in Michigan and if your life allows you to get a jump on the market before school is out, you might want to begin your hunt now.  As the graph from the Standard and Poors Case Shiller Index, the most followed home price index in the country demonstrates, home prices have been steadily rising since 2010 and there is no reason to  expect things will change soon. The busy season for home buying is in the summer months when school aged children are on summer vacation. This in turn means as demand increases from more buyers in the marketplace, so will prices. How much prices will increase will depend on just how many families will enter the marketplace. Also keep in mind the graph below is for all of Oakland  county and not all areas of the county appreciate by the same percentage. Homes in high demand areas will appreciate faster, in dollar terms, than the county as a whole.

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Middle School Travel Lacrosse

No photo description available.Come join us  starting on February 9 and learn the “fastest sport on two feet”, LACROSSE! Paul Banicki, Realtor at Sine & Monaghan in Royal Oak is starting both a Middle School Boys travel team and a separate Girls team that includes middle schoolers from Berkley, Royal Oak and Ferndale. Paul played lacrosse in high school and post high school levels, started a middle school lacrosse program in the Grosse Pointes’ and played on a club team at the post high school level. He is presently conducting a clinic for middle schoolers, boys & girls, through the Berkley Community Center. Lacrosse at higher levels is a contact sport, however there will be no contact at the clinic. Many colleges offer full ride scholarships.

Paul is a Realtor  specializing in the single family housing market with a principle focus on the markets of Berkley, Royal Oak, Madison Heights, Ferndale, Clawson and surrounding communities. When asked why he named the team M1 Bears Lacrosse he stated “I am on a mission to grow the sport along the Woodward Corridor. Lacrosse was good to me and I want to pay it back by increasing its popularity.”

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