Sylvan Lake, MI Foreclosures
How much do homes sell for in Sylvan Lake, MI?
The average home price is currently $466,855.
In Sylvan Lake, MI, how many homes are available?
There are currently 3 active home listings available in Sylvan Lake.
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 $2,650,997.
What is currently the cheapest priced home in Sylvan Lake, MI?
The cheapest home for sale in Sylvan Lake is priced at $148,772.
Living in Sylvan Lake, MI
Sylvan Lake, MI, is a serene and beautiful city known for its enchanting lakefront living and community spirit. With a focus on outdoor activities, numerous local amenities, and excellent educational institutions, it offers a perfect blend for families and individuals alike. This charming neighborhood fosters a close-knit community feel while providing easy access to nearby urban conveniences.
Current Market Conditions in Sylvan Lake, MI
The real estate market in Sylvan Lake is currently experiencing a steady demand, with property values gradually increasing. Buyers are attracted to the area for its scenic views and community feel, which has led to a competitive marketplace. Recently, there has been a slight uptick in new listings, making it an ideal time for potential buyers to explore available options, while sellers are benefiting from favorable market conditions that support higher selling prices.
As a metropolitan area, Sylvan Lake continues to draw attention from homebuyers looking for affordable properties compared to neighboring cities. The local market has remained resilient, with homes typically selling at or above asking prices due to high demand. Investors and first-time homebuyers are finding attractive opportunities in the area, especially with relatively low interest rates.
Home Value Estimator For Sylvan Lake, MI
There are currently 782 real estate properties
in Sylvan Lake, MI,
with a median automated valuation model (AVM) price
of $352,765.00. 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 $466,855.00, with the most expensive house
in Sylvan Lake, MI, topping out
at $2,650,997.00 and the cheapest home
in Sylvan Lake, MI,
clocking in at $148,772.00. 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
