Southeast Michigan – Michigan Real Estate News

Oakland County’s Luxury Housing Boom

Oakland county’s luxury housing market is booming. With stronger prices and quicker sales, 70 homes listed at $1 million and higher have gone pending in Oakland County in past 30 days. Post pandemic, buyers are wanting a lifestyle upgrade. Instead of world travel, buyers are sinking their money into their homes. Currently, Birmingham has the highest price per square foot in Michigan.

Gravel miners and other business groups are pushing to make it easier to open sand and gravel mines in residential areas. Senate Minority Leader, Jim Ananich, is sponsoring a package of bills that a senate committee will consider on Thursday. The bills would take the approval of gravel mining permits away from local governments and give it to the Department of Environment, Great Lakes and Energy (EGLE). Critics say this would result in the dust and noise of gravel operations coming to many Michigan residential neighborhoods.

The history St. Vincent and Sarah Fisher property in Farmington Hills may soon be repurposed into a two-story, 140-bed nursing facility and 3 three-story multi-family apartment buildings. Novi-based Optalis Healthcare would keep the existing administration building and one of the other smaller buildings. It would also leave 7.5 acres of open space on the property. Nearby residents have voiced concerns that the three-story apartment buildings would clash with the nearby residential areas. The site has been vacant since 2005.