Canton MI foreclosures

There are currently 31 Canton foreclosures.  When you go out to look at Metro Detroit foreclosures you need to know the market.  So many Michigan home buyers think that they can go out an low ball a foreclosure, after all that is what the newscasters are saying.

I have pulled the last 45 days of Canton Foreclosures.  Here are what they were in the table below.  Canton foreclosures sold prices are all over the map.  There are some that sold for 50% or below list price.  The is one that is in the table that defies my knowledge of the market why it sold at such a low price.  It was a HUD home and that is a different type of bidding.  That guy got a steal.

DOM stands for days on the market.  Look at that column.  Look at all the ones that sold quickly.  Look at what those foreclosures sold for.

Banks are many times underpricing the list prices in order to sell the homes quickly.  They want to sell them in 60 days and what better way to do that then price them below the Metro Detroit real estate market.   10 OF THESE CANTON FORECLOSURES SOLD AT OR ABOVE LIST PRICE.   10 OUT 26 OF  HOMES IN THE LAST 45 DAYS!  That is almost 38% percent of them!

Whether you are my client or another agent’s clients I hope this helps you.  Because an educated client will make good choices.  There is going to be some fool out there bidding on theseforeclosures at 25% and 50% below list price, and they are going to lose the house if they are nice and have multiple offers.  That Wayne County home buyer is going to get frustrated.

But if you know the market and know what is happening you are going to be able to win the bid and get the house. I know my wife would be upset if she finally found the house she wanted and then lost it because I was trying to steal it and I lost it by being cheap.   They key to buying the house is to bid right.  Sure you might low ball the house if it has been on the market for 90 -150 days.  Then you may have a good chance at it.  But if the foreclosed home just came out and is underpriced compared to the other homes you have been looking at.  And it is nicer.  Then be prepared to pay list or over list to get it.

That is the bottom line.  Get the house you want at a good price.  Bid smart!  Look at the market around you bid to get the house and still get a deal.

 

ADDRESS LIST PRICE SALE PRICE DOM SP PER SQFT SQUARE FOOTAGE YEAR BUILT
2024 MARLOWE ST 35000 36000 12 49.6551 725 1949
6733 ARDSLEY DR 72000 38000 137 37.4384 1015 1972
43998 FREDERICKSBURG ST 107500 39000 15 24 1625 1978
39887 EDMUNTON ST 112000 51000 96 34.1365 1494 1969
42435 OLD BRIDGE RD 123300 90000 54 45.4316 1981 1977
4015 STRATHMORE LN 99900 90000 4 50.9626 1766 2002
6607 BURNHAM DR 99900 96000 32 70.901 1354 1972
1224 TERREL CT 107500 107500 80 54.791 1962 1975
42679 COLLING DR 109900 110000 13 77.0308 1428 1985
41474 HANFORD RD 133000 120000 11 66.7037 1799 1973
42065 BRIARCLIFF CT 136800 125000 53 54.3242 2301 1978
7864 CHARRINGTON DR 124500 132000 10 85.7699 1539 1984
3459 PARKLAWN DR 164900 155000 76 68.072 2277 1994
47127 NORTHGATE DR 159900 159900 37 61.3819 2605 1996
46371 REGISTRY DR 157900 160000 3 74.5573 2146 1989
47388 GLENHURST CT 167600 170100 22 81 2100 1992
1598 EMERALD PINES DR 189900 183000 25 71.7647 2550 2003
46866 MORNINGTON RD 219900 220100 32 73.1229 3010 1996
2039 LIBERTY ST 263900 230000 134 86.9565 2645 2002
2505 RIVER WOODS DR 259900 250000 76 71.7566 3484 1998
48138 PICADILLY CT 275000 250000 53 83.3333 3000 1993
49488 LANSDOWNE ST 256000 256000 10 93.9449 2725 2005
128 W CANFORD PARK 305000 280000 69 93.3333 3000 2004
323 SYLVAN DR 299900 280000 14 87.0917 3215 2000
46984 WOODLONG DR 289000 289000 4 89.3353 3235 1998
47420 PUTNEY CT 349900 320000 66 82.538 3877 1997

If you would like to have foreclosure listings emailed to you join my Vip Metro Detroit foreclosure club.  I can send whatever city you want either daily, weekly, or monthly.  Just let me know.  Or feel free to pick up the phone or email me with questions.

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Russ Ravary Your Oakland and Wayne County real estate agent.

Comps and listing information was provided courtesy of Real Comp II Ltd.  Homes sold above were sold by various member Realtors

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The data relating to real estate for sale on this website comes in part from the IDX program of Realcomp. Real estate listings held by brokerage firms other than Keller Williams Realty Commerce Market Center are marked with the IDX logo and detailed information about them includes the name of the listing brokers.


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