Detroit real estate this spring: What to watch for and expect

Posted on March 21, 2017

It’s the first day of Spring and even though it’s grey and dreary in Detroit, we’re anticipating a busy real estate and development season heating up. Here are a few of the big ideas we’re keeping an eye on.

Hot neighborhoods

A couple months ago, we talked about what could be Detroit’s hottest neighborhoods for 2017. Since then, we’ve been surprised by some of the neighborhoods emerging. The University District is now listing and selling houses regularly for about $300K. After a big sale in New Center, we’ve seen other houses on Virginia Park Street follow suit and go for a big listing price, along with some condos at pretty good prices. What will we see next in New Center? And Islandview, banking on the success of development in West Village, is posting some pretty big listings and sales this year. Will more homes be renovated along East Grand Boulevard and/or near Kercheval?

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