Wayne County foreclosures Michigan

This is the latest Wayne County foreclosure report Michigan for the last 60 days.  There were 2212 Wayne County foreclosures that were sold in the last two months as of 12/20/2009.    What is amazing is that over 1800 of them sold for under $50,000.    That is 81% of the foreclosures sold for less than $50,000.

If you add in the ones that sold for under $100,000 it means that 93% of all Wayne County foreclosures sold for less than $100,000.   Look at  average days on the market for all the different categories.   The first box is all the sold information and the second box is all the current Wayne County foreclosures.

 

Wayne County Foreclosures
Range Name Price Range Number of Listings Days on Market
0 to 50,000 1809 78
50,001 to 100,000 259 50
100,001 to 150,000 93 53
150,001 to 200,000 27 163
200,001 to 250,000 10 124
250,001 to 300,000 7 74
300,001 to 350,000 1 7
350,001 to 400,000 1 56
400,,001 to 450,000 2 28
450,001 to 500,000 1 49
500,001 to 550,000 1 74
550,001 to 553,000 1 184

For the 2212 Wayne County foreclosures MI listings: For the 2212 Sold Wayne County foreclosure listings:
Average List Price $30,307.00 Average Sold Price $30,661.00
Median List Price $13,500.00 Median Sold Price $13,601.00
Highest List Price $579,900.00 Highest Sold Price $553,000.00
Lowest List Price $100.00 Lowest Sold Price $100.00
List Volume $67,039,260.00 Sales Volume $67,821,870.00
Avg. Days On Market 75 Avg. Days On Market 75

Currently there are 1414 Wayne County foreclosure listings for sale.  As in the above sold report the majority of foreclosures are listed under $100,000.  The biggest item I can tell you about these two reports is that there are not many foreclosures in the higher price points.  If you look at the over $200,000 price range there are not many foreclosed homes for sale.  If you notice the higher the price range there are less foreclosures.  So if you are waiting for a foreclosure in the higher price ranges you may be waiting for a long time.  I hope this gives you an idea of what is going on withWayne County Michigan foreclosures.

 

Current Wayne County foreclosures for sale as of 12/20/2009
Range Name Price Range Number of Listings Days on Market
R1 0 to 50000 1115 82
R2 50001 to 100000 206 55
R3 100001 to 150000 54 61
R4 150001 to 200000 25 70
R5 200001 to 250000 6 77
R6 250001 to 300000 1 4
R7 300001 to 350000 2 25
R8 350001 to 400000 0 0
R9 400001 to 450000 2 32
R10 450001 to 500000 2 38
R11 500001 to 550000 0 0
R12 550001 to 600000 0 0
R13 600001 to 650000 0 0
R14 650001 to 689900 1 5

For the 1414 listings: For the 0 Sold listings:
Average List Price $32,444.00 Average Sold Price $0.00
Median List Price $14,500.00 Median Sold Price $0.00
Highest List Price $689,900.00 Highest Sold Price $0.00
Lowest List Price $10.00 Lowest Sold Price $0.00
List Volume $45,876,200.00 Sales Volume $0.00

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Russ Ravary your Wayne County Michigan real estate agent serving the Metro Detroit area




My quote of the day:

I have always thought of Christmas time, when it has come round, as a good time; a kind, forgiving, charitable time; the only time I know of, in the long calendar of the year, when men and women seem by one consent to open their shut-up hearts freely, and to think of people below them as if they really were fellow passengers to the grave, and not another race of creatures bound on other journeys.  ~Charles Dickens

 

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