Novi Real Estate Market

Novi has a lot to brag about: excellent schools, quality public services, safe neighborhoods, preservation of natural features, solid property values, and continued development. The Novi real estate market is strategically located in southeastern Michigan, consisting of 31 square miles in prestigious Oakland County. It's only 20 minutes from Detroit Metro Airport; 25 miles from Downtown Detroit, Ann Arbor, and the University of Michigan. Novi is well-connected to highway, rail and air transportation routes offering accessibility second to none. It has convenient access to the most active expressway I-275, I-696, which connects Novi to Troy, and I-96, which connects Detroit to the Ann Arbor, Lansing and Grand Rapids communities.

The Twelve Oaks Mall and highway I-96 are credited for the rampant and consistent growth the city has experienced. However, construction has not stopped; several large projects are underway, including the addition of a new retail wing opening in late 2007. This period of growth has led to a burst in the city's population, and an abundance of new residential neighborhoods, commercial developments including office space, and industrial expansion around the city. Novi offers many solid advantages, combining an outstanding blend of highly visible land development opportunities in both high-tech and industrial areas.

Novi has a lot to brag about: excellent schools, quality public services, safe neighborhoods, preservation of natural features, solid property values, and continued development. The City boasts a State Equalized Value of more than $3.8 billion, higher than the State Equalized Value of 60 of the 83 counties in Michigan. Additionally, Novi is extremely proud of its ethnic diversity. More than 35 businesses based in Japan and at least 14 businesses based in Germany call Novi home in the United States.

Novi is an electrifying city known to many as the major regional shopping capital of Oakland County, and one of Michigan's youngest and fastest-growing cities. The most obvious landmark in the city is the Twelve Oaks Mall, located at the interchange of Novi Road and I-96.

Walled Lake, earning its name from the wall-like appearance of its banks, which resemble artificial stone, is the largest lake in the city. It also serves as the headwaters of the Middle Branch of the Rouge River. Shawood Lake lies just southwest of Walled Lake. Most of the city lies within the Rouge River watershed. Some areas on the north and west side of the city are part of the Huron River watershed.

Novi real estate varies in price depending on features, square footage, architecture, along with plenty of other amenities varying from house to house. Home prices in Novi range from $100,000 to upwards of $5,000,000. The first-time home buyer in Novi with $100,000 can pick up a 2-3 bedroom home with a basement or garage, and approximately 1,000 square feet, with aluminum or vinyl siding exterior. The luxury buyer can buy a 7,000-15,000 square foot mansion with acreage, 5-7 bedrooms, 5 or more baths, and even your own private tennis courts.

In the past couple years there have been more foreclosures in Novi. Investors are starting to buy distressed bank owned homes for very reasonable prices as more homeowners go through the foreclosure process in Novi.

Novi, Michigan is truly an amazing place to visit or raise a family. If you're looking to bring your children up in a community with excellent schools around a recently renovated library, Novi is the place for you. There's the Novi Ice Rink as well as small parks nestled throughout, including Lakeshore Park which includes 10 miles of mountain biking trails, a playground, and picnic areas to host events.

You'll be freeway-close to get around and have ample shopping choices all throughout the city. At Novi Road and I-96, you'll have the Novi Town Center, Twelve Oaks Mall, West Oaks, and Fountain Walk, all featuring stores and restaurants to please everyone.

Kroger operates its regional Michigan offices in Novi and the city ranks among the top Oakland County communities for research, technology, and service companies. Providence Park Hospital is a brand new 200-bed hospital with specialties in orthopedic and general surgery, neurosciences, womens and pediatric services, as well as other medical and surgical specialties.

There are a variety of homes throughout Novi. From large houses to colonial-style homes that recently popped up along Novi Road, even plenty of newly-built condos and apartments, there's no shortage of new homes that are great places to raise a family or young grads to hang their hat. Being the central point between Ann Arbor and Detroit, Novi is a great place to live and to head off to work from, regardless of where you're employed. The school system and government services are top-notch!

The median home cost is $259,656, with 85% of its population staying in the same place year-after-year.

Novi Community Amenities

The main feature of Novi's year-long social calendar is its "Music & Motor Festival," held once a year at the Novi Expo Center. The neighborhood is rich in sports and recreation amenities near the homes in the community.

Motor sport fans were ecstatic when the Novi community opened the doors in 1989 to the Motorsports Hall of Fame of America. The museum brought in over forty motorports-related vehicles. The collection is constantly rotated, and includes exhibits of racing personalities, vehicles, and memorabilia.

The Novi Ice Arena opened within the neighborhood in September 1998, and is located at 2400 Arena Drive. This beautiful multi-surface facility offers two NHL regulation-sized ice sheets, seating capacities of 750 and 200, heated viewing areas, pro shop, concessions, skate rental and meeting space. The arena offers eight large locker rooms, an officials room and a large figure skating dressing room. The facility is host to a variety of community programs, including the Novi Youth Hockey Association, Skating Club of Novi, Novi High School and Northville High School hockey teams.

Shopping fanatics in the real estate market will never sleep once entering the city of Novi. To start the tour there is Twelve Oaks Mall with over 180 stores including Lord & Taylor, Macy's, JC Penney, Sears, and now the newly-opened Nordstrom. The mall recently completed a gorgeous upscale renovation unveiling 40 new stores. In the same general area there is West Oaks I and II, which includes a variety of department, specialty, furniture, toy stores and restaurants.

If one got bored with the indoor mall environment there is an opportunity to move outdoors and shop Fountain Walk, the largest outdoor retail, dining, and entertainment shopping mall in the community. It boasts 50 stores in an outdoor sidewalk setting, including Buffalo Wild Wings, The Bamboo Club, Cold Stone, Dick's Sporting Goods, Modern Skate Park, Emagine Theater, Lucky's Arcade and Bar, and The Great Indoors. Complete your tour with the Novi Town Center, a sprawling strip mall containing over 75 specialty and department stores, a movie theater, fitness facility and a vast array of restaurants and community coffee shops.

The Novi community has no shortage of great restaurant choices, including Red Robin, BD Mongolian Barbecue, and Andiamos, just to name a few.

If there is ever the need for an exposition and/or conference center for large events, the Rock Financial Showplace Center features a 25,000 square foot Grand Atrium Style Entrance, three Exposition Halls with a total of 214,000 square feet of multi-purpose exposition space, and five neighborhood meeting rooms.

Novi Neighborhood Highlights

Novi is a shopper's paradise. With the Novi Town Center, Twelve Oaks Mall, West Oaks and Fountain Walk, you'll never be short of finding the perfect shop and restaurant.

Check out Novi, Michigan. Whether you want to raise your family here or you just want the opportunity to go on a shopping spree, Novi is constantly growing and evolving. The Novi Town Center has been recently renovated and includes a Wal-Mart as well as many other shops that use the superstore as an anchor. From family-style dining to elegant restaurants for date night, you'll have a pick of over 3,000 restaurants within a 15 mile radius. If you're looking to get out on the dance floor, there are lots of choices to dance the night away and meet people. A thriving community for men and women of all ages, whether you're a growing family or single and looking for a loved one, Novi is a diverse city to match everyone's needs.

Novi School Information

The Novi Public School District is considered top-of-the-line, and a big deciding factor when families are considering relocating to this Michigan community. The City of Novi public school system has been awarded with one of Michigan's highest levels of academic achievement, being rated as a Gold Medal School District (by Expansion Management). Novi consistently ranks in the highest rating category of all schools in Metro Detroit. Currently the district has over 6,000 students enrolled in six elementary schools, two middle schools, and one high school. Some neighborhoods of Novi are served by other school districts, including the Northville School District, Walled Lake School District and the South Lyon School District.

Novi High School Class of 2012 sent 95.2% of its 504 graduates to college!

Novi is home to several private schools, including Detroit Catholic Central High School (all boy's school), Franklin Road Christian School (Brightmoor Christian Church), Koby International Academy, Novi Christian School, and Novi Northville Montessori Center. Secondary education is available at Oakland Community College and Walsh College.

Novi Historical Facts

The Novi community was created in 1832 from Farmington Township. There are many theories on how the name came to be. Residents were supposedly looking for a shorter name than Farmington, and it is believed that it was finally suggested by the wife of local doctor J.C. Emory. Nevertheless, the name was approved by state authorities and in the fall of 1832, the Township of Novi was detached from Farmington. The townships of Commerce, Milford and Lyon were also included, until they organized separately in 1834.

Local residents will often refer to the community as The Corners or Four Corners. At the time of its organization as a township, the only regularly laid out road was the one running from Walled Lake through the entire width of Novi to Northville. It was intersected by the Grand River military road, known then as the Detroit and Howell Plank Road. The area around the intersection at Grand River and the Northville-Walled Lake Road (now Novi Road) was called Novi Corners. The first town hall was built near Novi Road and Grand River in 1876. Prior to this time, township meetings were organized in the homes of local residents and at various Novi taverns.

In August 1957, Novi made a motion to incorporate the housing market as a village. After many petitions and many meetings, finally in September 1958, Novi approved its village charter by a 594 to 470 margin. Several attempts to incorporate Novi as a city failed, before the new city charter was finally approved in 1969.

Novi's Grand River Road was first surveyed in 1832 as a link between Detroit and Lake Michigan. Built over an old Native American trail, the road was an important east-west highway throughout the nineteenth century. The small village of Novi grew up along the road and remained a small farming community until the 1950s, when the Michigan State Highway Department greatly developed the highways and interstates in the region, making Novi much more accessible to Detroit. The village began to grow rapidly until it became a bedroom community of commuters to the big city. After two unsuccessful attempts in 1959 and 1962, Novi was incorporated in 1969.

Novi City Information

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