Detroit 1-2-9. Yeah Thats Right The D Added More Value Than Your Town!

By
Real Estate Broker/Owner with ChangingStreets.com

I was looking at our Metro Detroit market blog today, how boring. We are beating a dead horse in Detroit, all we have been blogging about are sales price increases. I guess when you are so fired up about something so unexpected you can't help but dwell on it.

Prices are up in Metro Detroit over 12% third quarter of 2010 vs. third quarter of 2009.

Why do you care if you live somewhere else? Because we were the first in and the hardest hit! We are coming back around, well off the lows on price and thinking we could continue a solid appretiation for while. Property is just so cheap, infratsructure is good, labor is relatively cheap, and shoot we have global warming on our side (did anyone see the blurb in Wired magazine?).

Agents in Detroit rock. They know how to move property and benefit buyers and sellers, they stopped the price reductions and started rocking value, it worked.

Check out our Detroit market blog, I promise to quit bragging about home prices! You will not believe some of the increases.

Comments (1)

Melissa Zavala
Broadpoint Properties - Escondido, CA
Broker, Escondido Real Estate, San Diego County

Compared to San Diego, I'm sure that MI prices are very low!

Oct 07, 2010 10:00 AM