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 NamePrice RangeNumber of ListingsDays on Market
0 to 50,000180978
50,001 to 100,00025950
100,001 to 150,0009353
150,001 to 200,00027163
200,001 to 250,00010124
250,001 to 300,000774
300,001 to 350,00017
350,001 to 400,000156
400,,001 to 450,000228
450,001 to 500,000149
500,001 to 550,000174
550,001 to 553,0001184

For the 2212 Wayne County foreclosures MI listings:For the 2212 Sold Wayne County foreclosure listings:
Average List Price$30,307.00Average Sold Price$30,661.00
Median List Price$13,500.00Median Sold Price$13,601.00
Highest List Price$579,900.00Highest Sold Price$553,000.00
Lowest List Price$100.00Lowest Sold Price$100.00
List Volume$67,039,260.00Sales Volume$67,821,870.00
Avg. Days On Market75Avg. Days On Market75

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 NamePrice RangeNumber of ListingsDays on Market
R10 to 50000111582
R250001 to 10000020655
R3100001 to 1500005461
R4150001 to 2000002570
R5200001 to 250000677
R6250001 to 30000014
R7300001 to 350000225
R8350001 to 40000000
R9400001 to 450000232
R10450001 to 500000238
R11500001 to 55000000
R12550001 to 60000000
R13600001 to 65000000
R14650001 to 68990015

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

Search Wayne County foreclosures and get the latest listings emailed to you daily, weekly, or monthly.

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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