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Welcome to Paradise Properties USA® !

Welcome to the premier resource for all real estate information and services in the area! Please enjoy your visit and explore everything our real estate website has to offer, including Waterfront, Golf & Ski Resort, Vacant Acreage, Horse Properties, View Properties as well as  In Town & Country Setting, Real Estate listings. We pride ourselves in catering to the diverse Real Estate needs for all Buyers and Sellers  offering expertise in Waterfront homes, Cottages and Vacant properties on and around the "Chain of Lakes". We also offer properties in "The Cheif", "Hawks Eye", "The Legend" and  "Cedar River" Golf Course Communities, Alden, Elk Rapids, Bellaire, Traverse City and more! Click here to learn more  About Us, your professional "Downtown Alden" Realtors.

Looking for a new home? Use Quick Search or Map Search to browse an up-to-date database list of all available properties in the area, or use our Dream Home Finder form and we'll conduct a personalized search for you.

If you're planning to sell your home in the next few months, nothing is more important than knowing a fair asking price. We would love to help you with a FREE Market Analysis. We will use comparable sold listings to help you determine the accurate market value of your home.

Please feel free to call us (800)-977-3386 or (231)-331-4423 or stop by our "Downtown Alden" office on Torch Lake. PAradise Properties USA, your "One Stop Shop" for all of your Real Estate needs!

** Please be sure to visit our Vacation Rental Site as well Click Here!

Our Blog & Featured Listings


Home Prices Surge to Fastest Pace in Year




DAILY REAL ESTATE NEWS | TUESDAY, MARCH 24, 2015
Existing-home sales showed some improvement in February, but remain constrained by low inventories of homes for-sale that are pushing price growth to the fastest pace in a year, according to the National Association of REALTORS®.

"Insufficient supply appears to be hampering prospective buyers in several areas of the country and is hiking prices to near unsustainable levels," says Lawrence Yun, NAR’s chief economist. "Stronger price growth is a boon for home owners looking to build additional equity, but it continues to be an obstacle for current buyers looking to close before [mortgage] rates rise."
The median existing-home price for all housing types was $202,600 in February – 7.5 percent higher than a year ago.
Mortgage rates, for now, continue to hover near historical lows. The 30-year fixed-rate mortgage averaged 3.71 percent in February, according to mortgage giant Freddie Mac.
"With all indications pointing to a rate increase from the Federal Reserve this year – perhaps as early as this summer – affordability concerns could heighten as home prices and rents both continue to exceed wages," says Yun. Indeed, an NAR study earlier this month found a widening gap between rent and income growth across the country, which is making it more difficult for renters to become home owners.

Here are some more findings from NAR's latest housing report:
4 Stats to Gauge the Market
1. Existing-home sales: Existing-home sales rose 1.2 percent month-over-month, reaching a seasonally adjusted annual rate of 4.88 million in February. Sales are 4.7 percent higher than a year ago.
2. Housing inventory: Housing inventories rose 1.6 percent to 1.89 million existing-homes for-sale in February, but remain 0.5 percent below a year ago. Unsold inventory is at a 4.6-month supply at the current sales pace. Most economists consider a 6-month supply healthy for the market.
3. Distressed sales: Foreclosures and short sales comprised 11 percent of sales in February, down from 16 percent a year ago. In February, 8 percent of sales were foreclosures, and 3 percent were short sales. On average, foreclosures sold for a discount of 17 percent below market value (in January, it was 15 percent) and short sales were discounted by 15 percent on average (from 12 percent in January).
4. Days on the market: Properties were on the market for 62 days, on average, in February, down from 69 days in January. Short sales were on the market for the longest – 120 days. Foreclosures tended to sell in 58 days and non-distressed homes took 61 days. Thirty-four percent of homes sold in February were on the market for less than a month, according to NAR’s report.
By Region
The following is an overview of how sales fared in February across the country:
  • Northeast: existing-home sales plunged 6.5 percent to an annual rate of 580,000, but are 3.6 percent above year ago levels. Median price: $241,800, up 3.3 percent year-over-year.
  • Midwest: existing-home sales were mostly unchanged from January at an annual level of 1.08 million, but are 4.9 percent higher than February 2014 levels. Median price: $152,900, up 8.8 percent from a year ago.
  • South: existing-home sales rose 1.9 percent to an annual rate of 2.11 million last month, and are 6 percent higher than year ago levels. Median price: $177,900, up 8.5 percent from a year ago.
  • West: existing-home sales increased 5.7 percent to an annual rate of 1.11 million in February, and are 2.8 percent above a year ago. Median price: $290,100 -- 4.2 percent above February 2014.

Both Home Prices and Affordability on the Rise

Both Home Prices and Affordability on the Rise

DAILY REAL ESTATE NEWS | WEDNESDAY, FEBRUARY 18, 2015
The spring market will likely be a hotter one this year, as low interest rates and a healthier economy lure more home buyers to the marketplace. 
NAR's latest housing report:Tight Supplies Put Home Prices on the Move
“Interest rates below 4 percent, rising rents, and healthier local job markets are convincing more consumers to consider home ownership,” Chris Polychron, National Association of REALTORS® president, said in a recent news release showing fourth-quarter 2014 home prices moving up
An increase in the national family median income (to $65,782) mixed with low interest rates slightly improved affordability in the fourth quarter compared to the previous quarter, NAR reports. Affordability improved despite the national median single-family home price moving up to $208,700 in the fourth quarter, an increase of 6 percent year-over-year.
“Low interest rates helped preserve affordability last quarter, but it’ll take stronger income gains and more housing supply to help meet the pent-up demand for buying,” says Lawrence Yun, NAR’s chief economist.
To purchase a single-family home at the national median price, a buyer making a 5 percent down payment would need an income of $45,863. A 10 percent down payment would require an income of $43,449, and $38,621 would be needed for a 20 percent down payment.
The following were the five lowest-cost housing markets in the fourth quarter:
  1. Youngstown-Warren-Boardman, Ohio: $78,000
  2. Rockford, Ill.: $86,800
  3. Toledo, Ohio: $87,100
  4. Decatur, Ill.: $90,400
  5. Cumberland, Md.: $90,500
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Why Northwest Michigan?

Words From Around the Country:

 

 

  • SLEEPING BEAR DUNES- The Most Beautiful Place in America- (Good Morning America)
     
  • One of America's Five Top Foodie Towns- (Bon Appetit)
     
  • TripAdvisor.com (May 2010listed Traverse City in second place in “Our Top 10 Charming Small Towns.” (First Place went to Carmel, CA. We can live with that.)
     
  • TripAdvisor.com (Oct. 2009) listed Traverse City as one of America’s Top 10 Wine Destinations.
     
  • USA Today (Oct. 2010) named Traverse City one of the Top 10 Places to Enjoy Local Wine.
     
  • TripAdvisor.com (Oct. 2010) named Traverse City as one of America's Top 10 Fall Foliage Destinations.
     
  • NationalGeographic.com (Oct. 2009) listed Traverse City as one of America's Top Adventure Towns.
     
  • USA Weekend (July 2009) listed Traverse City as #4 in its list of Five Great Towns to Retire to.
     
  • AOL Travel News (June 2010) gave Traverse City the #8 spot in its list of America’s Top Ten Beach Towns, and named Traverse City one of the Top 10 “Coolest Towns in the States.”
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Paradise Properties USA
9047 Helena/PO Box 398
Alden, MI  49612
Toll Free- (800)-977-3386
Local- (231)-331-4423
Toll Free Fax- (800)-531-6503
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  Gary Scheitler - Agent with Paradise Properties USA, Inc

 

 

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All information herein is deemed reliable but not guaranteed. The information in all listings were gathered from third-party sources including the seller. Paradise Properties USA® disclaim any and all representations or warranties as to the accuracy of this information. All Pages & Photographs Contained Herein are Copy Written. 

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