http://ocrealestatevoice.com/market-conditions/foreclosures-making-it-tough-for-the-traditional-seller/ Mon, 26 Jul 2010 21:53:38 +0000 http://wordpress.org/?v=2.9.2 hourly 1 http://ocrealestatevoice.com/market-conditions/foreclosures-making-it-tough-for-the-traditional-seller/comment-page-1/#comment-215 Andy Ann Arbor real estate Mon, 05 Jan 2009 01:08:10 +0000 http://www.ocrealestatevoice.com/?p=178#comment-215 I think the California market is worse than we have here in the Ann Arbor MI area - but areas around Detroit are pretty Bad. I seen my average price fall like a rock over the last several month as foreclosure listings in very good condition are offered for sale at 25 percent or more below the similar homes offered by traditional sellers. Days will go by when I don't show anything but foreclosure and bank owned homes. The upside is for buyers. As the prices base at new low levels, qualified buyers can get great homes for half price! I am excited for them. Especially, the nurses, teachers etc. that have a modest income that were priced out of the market. Yaeh for them! I think the California market is worse than we have here in the Ann Arbor MI area – but areas around Detroit are pretty Bad. I seen my average price fall like a rock over the last several month as foreclosure listings in very good condition are offered for sale at 25 percent or more below the similar homes offered by traditional sellers. Days will go by when I don’t show anything but foreclosure and bank owned homes. The upside is for buyers. As the prices base at new low levels, qualified buyers can get great homes for half price! I am excited for them. Especially, the nurses, teachers etc. that have a modest income that were priced out of the market. Yaeh for them!

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