Allen Park continues to position itself well as compared to other downriver communities.  Currently Allen Park has 147 houses for sale.  121 of these homes are privately owned homes with an average list price of $108,343.  This is, relatively speaking, is a good ratio of private owned vs. foreclosure and it shows that the foreclosure is not the predominant sale.  Trenton for example is in similar situation with 79 of 89 homes currently listed for sale being privately owned.  This ratio is very important because one of the biggest problems I as a Realtor and you as a home owner have in todays market (once we find a buyer) is the appraisal.  Right now, appraisers, if nothing else is available to use to justify value, are using foreclosed properties without actually viewing the inside of the property to determine the condition.  Hence, not making adjustments for condition.  This issue is being reviewed and questioned by the Michigan Association of Realtors and when I hear a decision I will pass it on to you.

Tags: Allen Park Homes

Posted on Thursday, July 9th, 2009 at 9:07 am and is filed under Homes. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.