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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
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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
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A quick peak at Northville real estate and city data
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 foreclosures for sale
Northville and Northville Township fire department
Western Metro Detroit Affluent Cities
Northville Golf Courses
Northville has 5 golf courses.
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
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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
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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.

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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