INSIDE SCOOP WITH CANDICE |
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Observations by Candice:
As I shared last month, buyers across Oakland County are still selective, and nothing has changed in the middle market.
With the 30-year fixed mortgage rates at 7.28% on October 1, up from 6.34% a year ago, buyers in the $600,000 to $900,000 single-family range are still pushing back, negotiating hard and walking away from homes that feel overvalued, so accurate pricing from day one remains essential.
What is new this month is Election Day is weeks away and Thanksgiving is right behind it, so the market is in a brief pause between the fall push and the holiday slowdown. There is less competition heading into winter, and the buyers out now are serious, qualified and ready to move.
In luxury, the trend we saw last month continues. The $1M to $2M single-family tier in Birmingham, Bloomfield Hills, Royal Oak and Franklin is still trading steadily for updated, well-staged homes, while buyers at $3M and above always tend to move much slower. Let's take a closer look at what's ahead. |
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Why Luxury Single Family Homes & Condos Are Moving In Different Directions |
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For most of 2026, North American luxury real estate has been defined by a single tension: buyers kept buying while the supply of homes kept shrinking.
September offered the clearest sign yet that this tension is easing. According to the October edition of The Institute for Luxury Home Marketing's Luxury Market Report, single-family luxury inventory rose 0.2% year over year, the first comparative increase of 2026... CLICK HERE TO READ FULL ARTICLE |
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Why Oakland County HomeownersNeed a Real Estate Advisor BeyondJust Buying and Selling |
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Real estate doesn't happen in a vacuum. It intersects with business, wealth and life.
Most people think about contacting a real estate advisor when they're preparing to buy or sell a home. But some of the most important real estate conversations should begin long before a property enters the market.
Understanding how a property fits into broader financial goals, lifestyle decisions and long-term plans can be just as important as understanding its current market value. The conversation shouldn't just begin with 'buying or selling'. Sometimes it should begin with understanding your options....
Real Estate decisions are also major financial decisions...
READ THE REST OF ARTICLE HERE |
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CHRIST CHILD HOUSE SOCIETYAnnual Gala |
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I’m proud to serve on the Christ Child House Advisory Council, and I’d love for you to join me!
Bring a client, a colleague, a friend you’ve been meaning to catch up with, or come on your own.
Saturday, November 14 at 6 p.m. Bloomfield Hills Country Club Cocktail Attire
▶️ $225 Individual Ticket ▶️ $150 Individual Ticket (ages 30 and under)
Can’t attend? You can still support the mission. Sponsorship opportunities are available, and a donation can be added when you buy tickets. ▶️ Buy a ticket. ▶️ Become a sponsor. ▶️ Make a donation. ▶️ Bring someone with you.
Every ticket and every gift makes a real difference. I hope you’ll join me!
TO PURCHASE TICKETS & DONATE CLICK FOR LINKS |
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REFERRAL OPPORTUNIEIS Candice Rich Luxury Homes ~ PROPERTIES FOR SALE ~ |
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1540 Mill Race Rd Rochester Hills, MI 48306 5 BEDS | 4.2 BATH $3,895,000
Meadow Brook Mansion never knew she had a sister. Until now.
Some homes are built. This one was curated. Pass through the iron gates of Mill Race and follow 600 linear feet of historic Detroit brick paver to a three-story French Tudor estate on 3.56 private acres, set on a natural peninsula of the Clinton River...
CLICK HERE FOR FULL LISTING DETAILS |
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| 710 Parent E Royal Oak, MI 48067 3 BEDS | 3. BATHS $825,000
Welcome to the Oak Residences the premier & most sought after complex in Royal Oak.
710 Parent immediately welcomes you inside with a beautiful entryway & direct sight-lines through to the backyard of the property. Inside, you are flooded with natural light, tall ceilings, gleaming hardwood floors & floor-to-ceiling windows & doorwalls... CLICK HERE FOR FULL LISTING DETAILS |
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SUMMIT OVER BAY HARBOR3575 Charlevoix Ave. Petoskey, MI 49770
BLUSH UNITS 14 - 31 List Price: $3,695,000 - $4,095,000
JADE UNITS 2 - 13 List Price: $3,295,000 - $3,395,000
Rising above Little Traverse Bay, The Summit Over Bay Harbor offers a rare opportunity to create a bespoke residence in one of Northern Michigan's most prestigious resort settings.
Designed for those who value elevated living, privacy, and unforgettable surroundings, each residence captures sweeping panoramic water views and dramatic sunsets from multiple levels.
Residences at The Summit Over Bay Harbor are offered as custom build opportunities, allowing buyers to select architectural details, interior finishes, and premium upgrades tailored to their lifestyle. |
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Candice Rich Luxury Homes~ CURRENT BUYER NEEDS ~ |
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Buyer #1 ~ Rochester Hills
BUDGET ~ UP TO $850k - 3-4 BEDS | 2.5 BATH
- 2400 SQ FT MIN
- OPEN FLOOR PLAN
- TRUE MASTER SUITE
- 3 CAR GARAGE
- TALL CEILINGS
- TURN KEY - WILL DO SOME REMODELING IF HAS MOST
- FINISHED BASEMENT
- PRIVATE YARD
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| Buyer #2 ~ Farmington Hills, Livonia, Novi, Plymouth
BUDGET ~ $1 MIL -$2 MIL - Multi Family Apartments
- 8 UNIT MINIMUM
- PREFERS SEMI-REMODELED & WELL MAINTAINED
- MUST CASH FLOW
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HIT THE VIEW MORE AT BOTTOM TO READ THE ENTIRE NEWSLETTER ! |
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Buyer #3 ~ Commerce Twp or West Bloomfield
BUDGET ~ UP TO $1.5 Mill - 4 BEDS | 3.5 BATH
- 2800 SQ FT MIN
- LAKE FRONT OR WATER VIEW
- OPEN FLOOR PLAN
- FIRST FLOOR MASTER SUITE
- HOME OFFICE
- 3 CAR GARAGE
- TALL CEILINGS
- TURN KEY - WILL DO SOME REMODELING IF HAS MOST DONE
- FINISHED BASEMENT
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| Buyer/Tenant #4 ~ Lease Birmingham or Bloomfield Hills
BUDGET ~ up to $5000/mo - CONDO ONLY
- 2 -3 BEDS | 2.5 BATH
- 1200 SQ FT MIN
- UPDATED CONDO
- GARAGE NEEDED
- IN UNIT WASHER/DRYER
- BASEMENT
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INTRODUCTIONS I WOULD LOVE |
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If someone in your network is buying, selling or relocating to or from the tri-county Metro Detroit area, considering a second or primary home in Northern Michigan, or searching for a vacation property out of state, I would love the introduction.
I also provide specialized real estate and relocation services for professional athletes and entertainers through my company Signature Sports & Entertainment.
Every referral is handled with discretion, care, and personal attention, from our first conversation through well beyond the closing table. That trust is never taken lightly.
Thank you in advance! |
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Candice Rich ABR ® CNE®, CLHMS®, PSA® Global Luxury & Relocation Advisor |
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| With 12 offices across the State of Michigan, your clients have a trusted local advisor wherever their needs take them in the state. Contact Me First!
O: 248.724.6124 C: 313.218.5300 [email protected] Candicerich.com |
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"The ache for home lives in all of us, the safe place where we can go as we are and not be questioned." Maya Angelou |
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