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Market Conditions in 49009 : Real Estate Advice

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Activity 5
Fri Apr 13, 2012
Paul McIntyre answered:
This is a perfect examply of why it is important to employ the expertise of a real estate professional.

Trulia's property value estimates are imperfect. For example, they will often compare properties in Winchell with properties in Oakwood. While they are both great neighborhoods, values are quite disparate for a number of reasons. The process also does not differentiate between REO properties and fair market value properties. REO )bank owned) properties tend to sell for a lower price because, amon other reasons, they usually have deferred maintenance and there is not disclosure.

The other issue likely affecting the value estimate is that, again for multiple resasons, there has been a decline in REO properties sold in the area. The value you are seeing is likely more reflective of fair market value rather than distressed value.

I realize this answer is largely conjecture given that I don't have an address or the list of comparables used in either estimate. Hopefully this has still given you insight into the volatility you have noticed. Feel free to call me at 808-0324 if I might be of more assistance.
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Thu Feb 4, 2010
Paul McIntyre answered:
If you would like market stats in reference to a particular kind of property and location, I would suggest making an appointment with a Realtor. You would probably be best served working with a Realtor who specializes in commercial properties, although any Realtor can give you information from the MLS. ... more
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Thu Oct 30, 2008
answered:
Barbara, There's always Stats & Trends at the top of the page, but I'm in the area and I'd be willing to show you on your own computer how to do your own market analysis. just click my vhb_s@yahoo. As an unwriten rule lakefront doesn't drop as much but it still does. Herb ... more
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Wed Jul 23, 2008
Geoffrey D. Leach answered:
Hi Mike, do you want to know how many people have their real estate license or how many active real estate agents there are? Try the Michigan Association of Realtors.
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Wed May 28, 2008
Ron Houvener answered:
Dan,

I have all these numbers for the past 10 years charted and graphed. If you'd like a copy of this report, please email me at rhouvener@kw.com and I will email this report to you. ... more
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