Linda, Home Buyer in Tennessee

What's happening with real estate prices in Bloomfield Hills, Michigan and Franklin, Michigan?

Asked by Linda, Tennessee Tue Apr 7, 2009

Specifically, I"m wondering if these are still desirable neighborhoods, based on the way the prices have dropped recently?

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We've been very busy with buyers in recent weeks. Many of them are looking at Bloomfield Hills and Franklin homes. Move up buyers are happy that they can afford neighborhoods that they could not previously afford.

Yes, prices have fallen, but there is still demand for nice homes. We've personally been involved in quite a few multiple offer situations already this spring. Our listings are getting a lot of activity and houses are selling.
Web Reference: http://mioaklandcounty.com
0 votes Thank Flag Link Tue Apr 7, 2009
Maureen Fran…, Real Estate Pro in Birmingham, MI
MVP'08
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Linda, these neighborhoods are still desirable. A loss of value does not necessarily mean a lose of desirability. Those areas hold a great interest for buyers. More so now that it is within reach of buyers who may have been shut out before due to the higher prices that were asked.
0 votes Thank Flag Link Tue Apr 7, 2009
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