Volume XVIII, Issue 1
1st Quarter 2010
Y ear End Stats
The year end stats on foreclosed single family
residential properties in the Pointes are in.
It's really been a roller coaster ride...starting with the beginning of
the year with very high percentages of Grosse Pointe single-family
residential property sales being Bank-owned or Government-owned
properties.
June through September showed some promise of a lowering trend - but
come October, the percentages of foreclosure sales spiked - but not
quite to the 1st Quarter heights.
Overall, about 33% of sales in 2009 were Gov't or Bank-owned properties
in the Pointes.
It's important to note that currently there are only 488 residential
single-family homes on the market. Of those, about 4% are
Government (HUD) or Bank-owned. (There's a total of 702 of all
property types in the Pointes currently on the market - with 3% being
Gov't or Bank-owned.) Current homes on market range in price from
$29,900 to $7,900.000. v
Source: MiRealSource & Realcomp
II, Ltd. Multiple listing services
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