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Old 10-19-2013, 04:19 PM
 
Location: Detroit
3,671 posts, read 5,208,800 times
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"The figures from the 10-county region showed a 48 percent jump in price and a 7 percent increase in sales."

Median homes sales are up to $125,000 compared to $89,500 this time last year.

There is a 50 percent increase in Wayne County and 43 percent increase in Macomb County.

Figures on an area by area basis:

Detroit area (includes Detroit, Hamtramck, Harper Woods and Highland Park):
210 foreclosure sales, down 26 percent from 285 a year earlier; 205 non-foreclosure sales, up 6 percent from 194 a year earlier; median sale price on foreclosure sales, $8,150, up 2 percent from $8,000 a year earlier; median sale price on non-foreclosure sales, $18,000, up 27 percent from $14,125 a year earlier.

Dearborn and Dearborn Heights:
34 foreclosure sale, down 29 percent from 48 a year earlier; 143 non-foreclosure sales, unchanged from a year earlier; median sale price on foreclosure sales, $62,560, up 73 percent from $36,100 a year earlier; median sale price on non-foreclosure sales, $94,000, up 35 percent from $69,900 a year earlier.

Genesee County:
180 foreclosure sales, down 7 percent from 194 a year earlier; 320 non-foreclosure sales, down 25 percent from 257 a year earlier; median sale price on foreclosure sales, $26,000, up 8 percent from $24,000 a year earlier; median sale price on non-foreclosure sales, $97,000, up 35 percent from $69,900 a year earlier.

Grosse Pointe area (includes Grosse Pointe, Grosse Pointe Farms, Grosse Pointe Park, Grosse Pointe Shores, Grosse Pointe Woods and Lake Township):
six foreclosure sales, up 20 percent from five a year earlier; 60 non-foreclosure sales, up 28 percent from 47 a year earlier; median sale price on foreclosure sales, $106,655, up 2 percent from $105,100 a year earlier; median sale price on non-foreclosure sales, $265,000, up 50 percent from $176,500 a year earlier.

Lapeer County:
35 foreclosure sales, down 15 percent from 41 a year earlier; 74 non-foreclosure sales, up 54 percent from 48 a year earlier; median sale price on foreclosure sales, $68,100, up 10 percent from $62,000 a year earlier; median sale price on non-foreclosure sales, $139,250, up 13 percent from $123,500 a year earlier.

Livingston County:
36 foreclosure sales, down 41 percent from 61 a year earlier; 254 non-foreclosure sales, up 52 percent from 167 a year earlier; median sale price on foreclosure sales, $112,000, up 18 percent from $95,000 a year earlier; median sale price on non-foreclosure sales, $195,000, up 11 percent from $175,000 a year earlier.

Macomb County:
196 foreclosure sales, down 42 percent from 336 a year earlier; 837 non-foreclosure sales, up 32 percent from 632 a year earlier; median sale price on foreclosure sales, $61,250, up 23 percent from $49,900 a year earlier; median sale price on non-foreclosure sales, $124,000, up 24 percent from $100,000 a year earlier.

Oakland County:
222 foreclosure sales, down 41 percent from 376 a year earlier; 1,533 non-foreclosure sales, up 37 percent from 1,117 a year earlier; median sale price on foreclosure sales, $82,100, up 19 percent from $69,000 a year earlier; median sale price on non-foreclosure sales, $199,000, up 14 percent from $175,000 a year earlier.

St. Clair County:
40 foreclosure sales, down 5 percent from 42 a year earlier; 114 non-foreclosure sales, up 52 percent from 75 a year earlier; median sale price on foreclosure sales, $66,101, up 12 percent from $59,000 a year earlier; median sale price on non-foreclosure sales, $$118,000, up 11 percent from $106,000 a year earlier.

Wayne County (excluding Detroit):
310 foreclosure sales, down 29 percent from 438 a year earlier; 1,062 non-foreclosure sales, up 14 percent from 935 a year earlier; median sale price on foreclosure sales, $46,730, up 25 percent from $37,500 a year earlier; median sale price on non-foreclosure sales, $121,000, up 22 percent from $99,000 a year earlier.

Detroit-Area Real Estate Sales, Prices Jump Again « CBS Detroit

I was in the far northern suburbs not long ago (way past Auburn Hills) and realized that they are building subdivisions past 32 mile road. There are even subdivisions slowly creeping into Genesee county, I always thought it was the just the boonies out there. But there are some very nice looking homes out there (could probably rival the Bloomfields and GP if it were more populated).

Last edited by MS313; 10-19-2013 at 04:36 PM..
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