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Northville, MI

Metro Detroit real estate market - desperate

Russ Ravary - Michigan Homes for sale -  Michigan Real estate & Mortgage info: Real Estate Agent in Northville, MI

Yesterday I got a comment on a blog I wrote overa year ago. I don't know whether to laugh at this commenter or feel really sorry for him. He was very critical of the whole blog post and he wanted to correct the "inaccuracies" of my blog. It was about a particular Northville subdivision. When I write about a subdivision I get most of my information about the sub from first hand knowledge or directly from our MLS and public records.

My commenter wanted to argue about the square footage of the homes in the Northville subdivision but I know for a fact that I was right because the square footage of the home that I quoted was right off a listing ticket and I double checked on public records.

But the part I had to laugh or feel bad for him was that he said the certain homes in the sub were worth $700 -$800,000. He said he couldn't believe that a house sold for $325,000 in the sub ( and that was last years prices). It was a Desperate market he said.

I hate to break the news to him but a home in the sub this year sold for $210,000 and the highest price home is the sub only sold for $420,000.

It's not a desperate market....it's reality. The metro Detroit real estate market has been hammered. The worst cities are off 90%, many have homes 66% off their high values. Homes that sold for $140,000 are selling as cheap as $40,000 in some cities. My own sub had a home sell at 55% of the high value. It's bad but homes are selling.

Some people have to sell, some want to move on with life. Couples divorce, people lose their jobs, people die and people retire. Those homes have to be sold. So homes are always going to come on the market and sell at market prices. The prices are not coming back in 3 or 5 years so a person wants to retire to a different area the sellers are accepting what the market prices are and moving on.

For more on Novi subdivisions or Novi Real estate

Plymouth Subdivisions or Plymouth MI real estate

Oakland County lake real estate or Michigan lakefront homes for sale

check out my other websites or call me to get your personalized list of homes for sale

Search Metro Detroit real estate for sale

Livonia and Northville Michigan Shortsales and Distressed Sellers

Bob Jakowinicz real estate agent Livonia Northville Novi houses for sale: Real Estate Agent in Livonia, MI

If you are in any type of distressed home seller situation in the Livonia or Northville Michigan area this post is for you.

Regardless of the reasons that we use to explain the current mortgage situation, the reality is we are faced with more homeowners in financial distress than anytime in recent memory. If you or anyone you know is in a situation where they need to sell or will be selling in the near future and may owe more on their mortgage than their home is worth have them contact us right away. The quicker they contact us the better chance we can help them.

We are now Certified Distressed Property Experts with the necessary information needed to help in a variety of distressed situations in Livonia and Northville Michigan. Many of you by now have heard about the process of a short-sale but don't know many details of how it can help prevent or minimize damage to your credit.

If you or anyone you know may be in any type of distressed homeowner situation they can email us anytime at info@BobandTeena.com or visit our websites www.BobandTeena.com www.RealEstateBusyBees.com

Bob

Northville information and Northville Twp information

Russ Ravary - Michigan Homes for sale -  Michigan Real estate & Mortgage info: Real Estate Agent in Northville, MI

A quick peak at Northville real estate and city data

Northville MI water wheel photo

Northville Township population is a little over 21,000 people and an area of 16.6 square miles .

The City of Northville population is smaller with about 6,500 people and an area of 2.2 square miles.

Here are the top ten taxpayers in Northville MI

Northville Driving Club Harness Racing
Buckhave Investment LLC Office & Retail
Singh Development Corp. Apts, Office, Retail
Detroit Edison Co. Utility
120 W. Main LLC Office & Retail
Singh II Limited Partnership Office & Retail
Northville Green Partner, LLC Apts. To Condo Redevelopment
Hiller & Lutey Inc. Office & Grocery
Prose, Dr. Thomas M. & Marie Residential
180 East Main LLC Office & Retail

Here are some other articles about Northville and Northville Twp that I have written

Northville City data and Northville Township data MI

Northville MI Subdivisions

Northville foreclosures for sale

Northville Restaurants

Northville and Northville Township fire department

Northville History

Northville MI Demographics

Northville home styles

Western Metro Detroit Affluent Cities

Northville stonewater subdivision

Northville Golf Courses

Northville has 5 golf courses.

  • Bushwood Golf Course is a 9-hole course.
  • Downing Farms Golf Course is a public 18-hole course.
  • Meadowbrook Country Club is a private country club with a 18-hole course for it's members.
  • Northville Hills Golf Club is a championship, semi-private, 18-hole course,
  • Salem Hills Golf Club is a public 18-hole course

I hope these articles give you a little look at what Northville andNorthville Twp is like.

If you want to Search Northville Real estate and get the latest foreclosures listings ( and homes for sale) emailed to you daily, weekly, or monthly join my VIP club

Northville foreclosures MI

Russ Ravary - Michigan Homes for sale -  Michigan Real estate & Mortgage info: Real Estate Agent in Northville, MI

Northville Real Estate

Here are all the Northville foreclosures that have sold in the last 90 days. Northville and Northville Twp do not have a lot of foreclosures in the last few months. In fact there have only been 10 Northville foreclosed homes that have sold in the last 90 days. If you look at the recent Northville foreclosure sold prices and list prices you will notice that many of them have sold within 10% of list price. The price per square foot has been as low as $57 a square foot to as high as $135 a square foot.

ADDRESS LIST PRICE SALE PRICE DOM SP PER SQFT SQUARE FOOTAGE YEAR BUILT
17065 HIGHLAND LN 339900 311001 68 110.284 2820 2002
620 N CENTER ST 369900 325000 77 79.1331 4107 1888
17581 E NORTHVILLE TRL 303900 282500 78 98.1243 2879 1992
48303 BINGHAMPTON DR 494900 435000 145 114.1432 3811 2001
49297 PARKSHORE 799900 747859 52 135.9743 5500 2005
49133 PARKSHORE CT 349900 335000 22 90.1992 3714 2004
47300 7 MILE RD 259900 237000 21 80.8597 2931 1991
49682 S GLACIER 299900 290000 8 90.71 3197 2004
46638 MERION CIR 379900 365000 113 112.7935 3236 2000
16875 FRANKLIN RD 170050 171000 33 57 3000 1976

To get the latest list of Northville foreclosures and and Southeastern Michigan foreclosuresemailed to you or search thru the latest foreclosures join my VIP Metro Detroit foreclosure club.

Russ Ravary your local Northville real estate specialist helping Michigan relocation buyers

If you haven't sold your house in two years

Russ Ravary - Michigan Homes for sale -  Michigan Real estate & Mortgage info: Real Estate Agent in Northville, MI

Why do you think it will sell now? I know of a couple who have been trying to sell their Northville real estate for 2 years. Do you think they would learn by now what they need to do?

But no they haven't learned. They started out $30,000 over priced. Now they are getting closer. But they are still overpriced. I have seen them at parties about every six months, and they always ask me my opinion. I love it. They are usually half looped.

Their jaws usually drop when I tell them what their house now worth. They ask my opinion and then they don't do anything. Then about 2 or 3 months later they drop the price. But they are "always chasing the Northville real estate market down".

If they would have priced their Northville home right 2 years ago they would have $50,000 more for their home, but no. They are smarter than both the real estate agents they hired. And me too.

http://www.iclipart.com

Shame they could have bought that one house they really liked a year and half ago.

If you are selling your home whether it is a Northville colonial or Livonia ranch listen to your Real estate agent when they show you the recent sold homes. Price your home to sell - not to keep it.

Russ Ravary your local Northville real estate agent

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