Monday, May 31, 2010

Northville foreclosures

Here is the latest list of Northville foreclosures. There are currently 12 Northville foreclosures that have been on the market an average of 59 days.


LIST
PRICE STREET SQ FT BEDROOMS BATHS.LAVS YEAR BUILT
70000 PARK 1508 3 2 1950
74900 OLD GRAND RIVER 1350 3 1.1 1920
82000 LINHART 1634 3 2 1985
89900 HORTON 1092 2 1.1 1923
115900 LINHART 1200 3 1 1985
120900 BERNSTADT 1582 3 2.1 2004
187000 SCARLET 2100 4 2.1 1992
189000 PETROS 2046 4 2.1 1985
212500 MORGAN 2317 4 2.1 1974
232900 PHILLIP 2302 4 2.1 1984
273900 NINE MILE 4049 5 3.1 1987
529900 MANDALAY 3653 4 4.1 2005

In the last 60 days there were 34 Northville foreclosures that sold after being on the market an average of 32 days. There were 18 Northville homes that sold over list price, 15 that sold below list price, and one that sold at list price. But what is telling about the Northville foreclosure market is that seven of the foreclosed homes sold for a lot more than list price. The list price was below market and home buyers were willing to pay much more than list.

One sold for 24,000 over list, 3 of them sold over 31,000 over list price, one $36,000 over, 38,000 over list price, and one even sold $70,000 over the list price. So if it is a bargain bid over.

 

Saturday, May 1, 2010

Farmington Hills foreclosures - Farmington Hills buyer tips