market conditions: Strange Weather, Strange Real Estate Market! - 04/26/12 12:35 AM
The amount of Canton Michigan Homes for sale on the market continues to be low. The most common conversation and questions that I am having with my Buyers is, "Aren't there any more houses to look at?" We find ourselves in an overbalanced market with more Buyers than Sellers. Just as strange as the weather we have had recently, is this strange  real estate market that is unbalanced yet not a sellers market. Home values and sales are continuing to rise slightly in the Canton & Plymouth area, which Realcomp MLS accounted for in the data they released a couple of weeks … (1 comments)

market conditions: Market Update: Pheasant View, Canton MI - 12/07/10 02:11 PM
Pheasant View, Canton MI
Key:Address - Property AddressSF= Square FootageStyle= Artichture (ie. Colonial, Bungalow..)Yr = Year BuiltBR/BTHS = Number of Bedrooms/Number of Baths$ = Current Asking Price or Sold PriceDOM/Clsd = Number of days on market/ Date closed$/SF = Price per square foot
All Data from Realcomp MLS

market conditions: Cherry Hill Village Condos (Canton, Michigan) - 11/22/10 12:37 PM
Address            SF        Style            Yr Blt      BR/BTHS          $              DOM/CLSD
On Market

362 Constitution  1700  Upper Unit       2002      2/2.0       $100,000                 166   
327 Patriot          1824  Upper Unit       2005     2/2.0        $109,900                 88
408 Filmore         1575  2 Story            2004     3/3.1        $119,900                 73
244 Constitution   1867  Upper Unit       2002     2/2.0        $120,000                 95
50015 Monroe      1730  1 Story            2002     2/2.0        $112,000                 61
384 Filmore          1730  1 Story/ Upper  2002     2/2.0       $111,999                 62
265 Liberty           1497  2 Story             2005     2/2.0        $82,900                  14
320 Roosevelt       2230  1 Story/Upper   2005      3/3          $159,900                171
236 Constitution     2236   2 Story           2003      3/3          $167,400                207
1947 Vanderbilt     1650    2 Story            2007     2/2          $169,000                198
Closed Sales

market conditions: The Death of the Franchise??? - 11/19/10 02:58 AM
Buggy whips, VCR's, Newspapers, Magazines, And now real estate franchises? 
I have had several conversations with real estate franchise owners over the past several months about whether we are seeing the national real estate franchises on their way to becoming extinct. We have seen many, many franchise offices close in this dismal market period. In contrast, there have been many start-up Brokerages that have found a foothold in this market.  
In addition to the very difficult market conditions, I think there are several major market trends that will spell troubled times for the national real estate franchises:
The REO market has shifted many listings to … (64 comments)

market conditions: Glengarry Canton MI Update - 11/09/10 03:10 AM
Glengarry in Canton Township MI is a single family sub that was developed by Pulte from 1991 - 1996.  
Year to date there have been 17 homes sold. The sale prices have ranged from 219,000 - 290,000, with an average sale price of $263,082 with an average days on market of 42 days.
Sales in Glengarry over the past 2 months are:
45030 GLENGARRY RD,   2375 SF,    1991 YR BLT,  3BR/2.2BA,   $219,000,   9/10/2010 Closed
45389 SEABROOK DR,     2588SF,    1996 YR BLT,  4BR/2.1BA,   $239,000,   9/29/2010 Closed
44887 WEYMOUTH DR,   2632SF,     1996 YR BLT,  4BR/2.1BA,   $285,000,  10/22/2010 Closed
45277 SEABROOK ,        2601 SF,     1995 YR BLT,  4BR/2.1BA,   $290,000,     09/17/2010  Closed.
There are currently four … (0 comments)

market conditions: Can I show your listing NOW! - 10/29/10 02:20 AM
The latest statistics that have come from the local MLS show that 50% of all sales are REO and Short Sale. This has been the case in the Metro-Detroit market for the past several years. I know other markets around the country have just recently joined our misery party, welcome to it. One of the effects that I have observed, out of the many, is that this has drastically changed the mind set of the Buyers.
With the dominance of REO and Short Sales, this has cemented the idea that all homes are vacant and should have immediate access. All REO's, … (0 comments)

market conditions: Smoke is causing FIRE - 10/18/10 02:31 PM
As the media discusses whether or not there should be a foreclosure moratorium, Rome is burning. Much has been made in the past couple of weeks about robo-signers, and the potential problems of foreclosure in some states. While there is some smoke that some banks have cut corners in the judicial process, there are no claims that I know of that the homes were wrongly foreclosed on for non-payment. The only claims I know of that have been made to date are whether or not the bank employee fully reviewed all documents before signing a court affidavit.
Now, not fully reviewing all documents … (2 comments)

Scott  Petersen (Client First, Realtors - Canton, MI) Rainmaker large

Scott Petersen

Canton, MI

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Client First, Realtors - Canton, MI

Address: 44205 Ford , Canton, MI, 48187

Office: (734) 981-2900

Mobile: (734) 776-8355

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