Lake Oakland Lakefront Real Estate Sales
Lake Oakland is a 235 acre all sports lake in Waterford and Independence Townships in North Oakland County Michigan. The lake is located north of Walton Blvd and between Sashabaw and Clintonville Roads. Lake Oakland is about 65 feet at its deepest and is connected via canal to Woodhull Lake. There is a public access at the end of Dill Rd.
Lake Oakland,has always been a desirable lake to live on. In 2004 the lowest price house sold through the MLS was $282,150. In 2005 prices ranged from $250,000 - $1,275,000. In 2009 prices ranged from $50,000 - $655,000.
2010: 14 units sold
2011: 12 units sold
2012: 17 units sold
2013: 12 units sold
So far in 2014 there have been 8 units sold
2010: 6 bank owned sales and 3 short sales
2011: 5 bank owned sales and 1 short sale
2012: 3 bank owned sales and 0 short sales
2013: 2 bank owned sales and 0 short sales
2010: sale prices ranged from $95,000-$300,000
2011: sale prices ranged from $98,700-$560,00
2012: sale prices ranged from $55,000-$825,000
2013: sale prices ranged from $121,153-$760,000
Early July 2014 prices ranged from $226,500-$867,500
2010: Average Sale Price- $194,677
2011: Average Sale Price- $223,320
2012: Average Sale Price- $313,341
2013: Average Sale Price- $356,238
Early July 2014 the average sale price was $470,750
Please don't hesitate to contact me for additional information about homes for sale on Lake Oakland. With prices so low, now is a good time to buy a cottage or upgrade to that lake house. Interest rates are still great. FHA will mortgage up to just under $300,000 and FHA 203K loan will allow for you t borrow for repairs at the same time.