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SE Michigan markets

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Narkissos

Junior Member
Joined
Jan 9, 2006
Professional Status
Certified Residential Appraiser
State
Michigan
Is anyone really surprised. I remember catching a boat load of flack when I started checking declining back in 2006. We have yet to hit bottom, three years to bounce back my ***. I saw a few tumble weeds when I was out driving comps the other day.
 

Michigan CG

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Staff member
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Joined
Nov 1, 2006
Professional Status
Certified General Appraiser
State
Michigan
We made an offer of $200,000 Sunday. House was built in 2001, 2,150 SF with high quality finished basement. Asking price 18 months ago...$280,000. 28% drop. Rumors had it that he originally tried to sell it for $310,000, that would be a 35% drop.
 
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