White Lake Michigan foreclosures

Are you looking for a list of White Lake Michigan foreclosures? Here is the latest list of White Lake foreclosed homes as of November 3, 2010. There are currently 21 of them that have been on the market an average of 58 days.

Of these 21 foreclosed homes 3 of them are lake front, or lake access homes. One is even on Cedar Island Lake.

LIST PRICE	STREET NAME	SQUARE FOOTAGE	BEDROOMS	BATHS.LAVS	YEAR BUILT
34900	ASHDOWN	1046	2	1	1930
44900	DANFORTH	1244	2	1	1928
54900	OXBOW LAKE	2117	3	2	1946
64900	LOG CABIN	1918	4	2	1935
65000	FARNSWORTH	1278	3	1	1979
75600	OXHILL	1524	3	2	1973
79900	OVERFIELD	1916	4	2.1	1936
79900	SUNSET	1487	3	1	1989
79900	CEDAR ISLAND	1040	2	1	1920
82000	UNION LAKE	1466	3	1.1	1990
94000	ORMOND	1733	3	2	1960
103000	GLASGOW	1540	3	2	1979
109900	LAKEBORN	1941	3	2.1	1995
112900	SHADY HOLLOW	1462	3	1.1	1980
114900	HURON RIVER	1485	3	1.1	1967
139900	Ripple Way	2066	3	2	1955
195000	REIDSVIEW	2567	4	2.1	2001
199900	ARLINGTON	2071	4	3	1948
209900	TEGGERDINE	3032	4	3.1	1977
239900	KRISTINA	2665	4	3	2005
274900	Spy Glass Trail	2611	6	3.1	1997

If you would like to see any of these White Lake foreclosures feel free to call me on my cell phone to get more information. (313) 310-9855

 

Northville foreclosures

Right now there are only 4 Northville foreclosures on the market. That isn't many compared to many other local Metro Detroit cities. The foreclosed homes in Northville have only been on the market an average of 66 days. Which is about average for many Detroit area cities.

As you can see from the list below we have one older home near downtown Northville that has been foreclosed upon. And the foreclosed home on Delta Drive was built in 1992 and has many of the modern features home buyers look for.

Northville foreclosure listings as of November 1, 2010

LIST PRICE	STREET NAME	SQUARE FOOTAGE	BEDROOMS	BATHS.LAVS	YEAR BUILT
124900	CENTER	1406	3	1.1	1900
154900	PARK	2508	4	2.1	1971
219000	BATTLEFORD	2524	4	2.1	1968
289895	DELTA	2695	4	2.1	1992

Northville MI is conveniently located to several expressways so you can get to any where in the the Metro Detroit area easily.  Call me today for more information at 313-310-9855.

 

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.

 

Farmington Hills foreclosures - Farmington Hills buyer tips

Brighton Lake homes for sale and Brighton MI lake real estate

Currently there are about 29 Brighton Lake homes for sale in the general vicinity of Brighton Michigan. The range in price from 49,900 for a home on Clark Lake to $1,190,000 to a lake home on Cunningham Lake.

The average time on the market for Brighton Lake homes and Brighton MI lake real estate is 184 days. There are 12 Brighton MI lake homes for sale listed for sale under $250,000. They have been on the market an average of 132 days.

The lakes in the Brighton MI area are:

• Woodland Lake
• Brighton Lake
• Clark Lake
• School Lake
• Cunningham
• Lyon Lake
• Bitten Lake
• Lake Morraine
• Blaine Lake
• Spring Lake
• Briggs Lake
• Fonda Lake
• Osborn Lake
• Beach Lake
• Waw Lake

 

Van Buren foreclosures and Van Buren home buying

The other day I was out looking at Van Buren foreclosures and Belleville foreclosures with clients. We saw some homes that had location issues and my clients had to decide whether they minded looking at that or if the potential resale problems would be a major determent.

One of the houses had this view of a commercial building. So my clients decided to pass on the house.

Then another house had major window issues. The window issues weren't that hard to spot. Some builders put the cheapest materials in. These homes are less than ten years old and all the windows need to be replaced already. I would be chasing that builder to replace the windows if it was my home.

The home owner had used the yellow spray foam insulation where the top and bottom of windows meet. I always figure to replace a window costs about $300. So adding them all up the cost would be over $5000. My clients would not have the money to replace the windows after they bought the Van Buren foreclosure so we had to pass on that house.

We finally found a Van Buren foreclosure that met thier needs and was in their price range. We put in their bid and we are now waiting to see if their bid wins. There were 4 bids so hopefully we will have the best bid.

 

Metro Detroit real estate information

Today they revealed that Michigan is still number one in the nation in Unemployment. How does that affect the Metro Detroit real estate market?

It is really quite simple. If you take 10% out of the market because they are unemployed it means there will be more foreclosures coming and less demand. Less demand because unemployed people can't buy houses. Some of these unemployed people are moving back in with family.

They are not buying Livonia real estate or any home in the metro Detroit area. They aren't buying any Oakland County Lake real estate or even a condo. They aren't spending money, they are uncertain about their future.

Less demand then means there are more homes going to be on the market. The longer homes are on the market the lower prices will fall. We need job creation to help rebuild the Metro Detroit economy. Just my thoughts.

Russ Ravary

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