Sylvan Lake, MI Foreclosures
How much do homes sell for in Sylvan Lake, MI?
The average home price is currently $471,822.
What’s the average rental cost in Sylvan Lake, MI?
The average rental price in Sylvan Lake is $1,688.
What is the most expensive home in Sylvan Lake?
The most expensive home sold in Sylvan Lake had a price of $2,434,426.
What is currently the cheapest priced home in Sylvan Lake, MI?
The cheapest home for sale in Sylvan Lake is priced at $32,927.
Living in Sylvan Lake, MI
Sylvan Lake, MI, is a quaint city renowned for its beautiful lake and community-driven lifestyle. This peaceful neighborhood provides a variety of recreational activities and has highly-rated schools, making it ideal for families. The city’s easy access to larger urban centers further enhances its appeal.
Current Market Conditions in Sylvan Lake, MI
The real estate market in Sylvan Lake has shown signs of stability over the past few months, with a balanced mix of buyers and sellers. Inventory levels appear slightly lower, leading to increased competition among buyers, particularly in desirable areas near the lake. Home values are gradually rising, which indicates a healthy demand and potential for appreciation in property investments.
Overall, the market conditions suggest a steady growth pattern, attracting new buyers while providing good opportunities for those looking to invest in real estate. The demand for homes nearby amenities and in scenic locations continues to support the local housing market.
Home Value Estimator For Sylvan Lake, MI
There are currently 816 real estate properties
in Sylvan Lake, MI,
with a median automated valuation model (AVM) price
of $354,951.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Sylvan Lake, MI, based on current market
trends, comparable real
estate sales nearby, historical data and, of course, property features, among other
variables. These automated home estimates are often very helpful, providing buyers
and
sellers with a better idea of a home’s value ahead of the negotiation process. For
example,
the average home price in Sylvan Lake, MI,
is $471,822.00, with the most expensive house
in Sylvan Lake, MI, topping out
at $2,434,426.00 and the cheapest home
in Sylvan Lake, MI,
clocking in at $32,927.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Sylvan Lake, MI!
Rent Prices
In Sylvan Lake, MI
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Sylvan Lake, MI, is on
a rollercoaster ride. The
average rent price in Sylvan Lake, MI,
is $1,688.00. Indeed, when looking to rent in
Sylvan Lake, MI, you can expect to pay as little
as $800.00 or as much
as $3,120.00,
with the average rent median estimated to
be $1,570.00. The good news is that finding
an affordable and desirable property to rent in Sylvan Lake, MI
-- whether it’s apartments,
townhomes, condominiums or single-family homes -- is made easier with knowledge of
the
local market and, of course, a little patience.
Learn more on Foreclosure homes
