Your new Detroit property market report

June’s housing market figures are out.

And it has been another good month for property in Metro Detroit.

The median sales price is up 4.78% year-on-year.

It now stands at US$ 194,900.

That is up from US$ 186,000 in June 2017.

And in Wayne County (where most of our properties are located) prices rose 6.08%.

From US$ 131,500 to US$ 139,500.

Take a look for yourself…

2018 June Media Sales Prices in Metro Detroit, Michigan, USA

Sales were down by 7.92%.

There were 5,688 last month compared to 6,177 in June 2017.

Meanwhile, inventory continues to fall.

You see, last month there were just 11,741 properties on the market – compared to 14,976 in June 2017.

That’s a decrease of 3,235 properties or 21.60%.

And it means there is only 2.06 months of inventory available at June’s sales pace.

On top of that, property is selling faster than ever.

It now takes just 25 days to sell a property in Detroit, on average.

That is 3 days less than in June 2017.

To summarise for you…

  • Median sales price up 4.78% in Metro Detroit
  • Median sales price up 6.08% in Wayne County
  • Sales down 7.92%
  • Inventory down 21.60%

These are all good signs the Detroit property market is getting stronger and stronger.

CEO of Realcomp II, Karen Kage, tells you more…

“It’s been pretty steady like this over the last six to nine months. The other piece is … a lot of people buying a home aren’t selling a home, so they’re not bringing anything to put on the market. There’s a lot of that one-sidedness and I think that’s what’s driving the inventory so low.

Potential buyers need to act fast. They must be dedicated and motivated to snag a listed home before someone else”

But although the median sales price in Wayne County is now US$ 139,500.

I can still offer you fully renovated, tenanted properties from just US$ 35,995.

And you will earn rental returns up to 19.39% net.

But the way the market is moving means your opportunity will soon be gone.

So if you would like to see what’s on offer – just reply to me.

Let’s have a quick look at a few that are available right now.

This one is on College Street in La Salle College Park…

College Street in La Salle College Park

La Salle College Park is in East Detroit next to Osborn and Burbank.

There has been over US$ 100,000,000 invested in this neighbourhood over the last 2 years.

And people like billionaire Dan Gilbert are buying up single family homes in the area.

This means property prices and rents are rising quickly.

So you should benefit from strong capital growth.

This property is 450 meters (0.3 miles) to high ranking Wilkins Elementary School.

The shops, banks and restaurants on Gratiot Avenue and Martz Playground are a 10 minute walk.

The house has 3 bedrooms, 1 bathroom, a living room, a kitchen, a 750 sq. ft. basement and a 5,227 sq. ft. garden.

It is on offer for US$ 47,998.

Your monthly rent is US$ 700.

Your net yield is 13.50%.

That’s US$ 6,481 in your bank account every year.

Want full details?

Simply reply to me.

This place is on Cloverlawn Avenue in Barton McFarland…

Cloverlawn Avenue in Barton McFarland

Barton McFarland is an established neighborhood in Southwest Detroit.

It is 12km from Downtown Detroit or a 13 minute drive.

Many people living in Barton McFarland work in Dearborn which is just a 5 minute drive from this property.

This is because property prices in Dearborn are much higher than in Barton McFarland.

But it also means demand for housing is high.

And this is already starting to push up property prices and rents.

So you are likely to benefit from strong capital growth.

This property is a 4 minute drive to highly rated Mackenzie Elementary Middle School and McDonald Elementary School.

The shops, banks and restaurants on Wyoming Avenue are 600 meters (0.3 miles) or a 5 minute walk.

It is on offer for US$ 42,495.

Your rent is US$ 750 per month.

Your rental yield is 16.19% net.

That’s US$ 6,882 in your pocket every year.

Want to know more?

Just reply to me.

This last one is on Binder Street in Conant Gardens…

Binder Street in Conant Gardens

Conant Gardens is in Northeast Detroit and borders Hazel Park.

It is 16km (10 miles) from Downtown Detroit or a 15 minute drive.

Conant Gardens is 4.5km (2.8 miles) from Michigan State Fairgrounds.

Michigan State Fairgrounds is undergoing a huge transformation which includes; 1,100,000 sq. ft. of retail space, movie theatres and office space.

In addition there are plans for a transportation hub with rail and bus links to Downtown Detroit and Ann Arbor.

This means demand for housing in Conant Gardens is high.

And property prices and rents and rising fast.

So you are likely to benefit from strong capital growth.

This property is only 200 meters (0.1 miles) from Farwell Field and the shops, banks and restaurants on 8 Mile Road.

Saint Bartholomew School and Pershing High School are a 10 minute walk.

Detroit Golf Club and Palmer Park Golf Course are a 10 minute drive away.

This house has 3 bedrooms, 1 bathroom, a living room and a kitchen.

There is also a 600 sq. ft. basement and a 4,008 sq. ft. garden.

This property is on sale for US$ 41,495.

Your rent is US$ 750 per month.

Your net return is 17.20% – after all expenses.

That’s US$ 7,139 in your hand every year.

If you’d like to know more – simply reply to me.

Remember all our USA investment properties are:

  • Fully renovated – average cost of works US$ 20,000
  • Freehold with full warranty deed
  • Already tenanted with pre-screened tenants – you get paid from day one
  • Professionally managed – your rent is paid on time into your own bank account

Plus, with our Detroit properties you get all this completely free:

  • Free Title Insurance – value US$ 499
  • Free 1 year Property Insurance – value US$ 495
  • Free 12 month Home Warranty – value US$ 700

Total value = US$ 1,694.

I won’t offer you unrealistic guarantees which can’t be fulfilled, like some people I could mention.

But I do promise you…

  • Your vacancy rates will be very low (last 3 years 3.58% average)
  • You will always get paid what you are due
  • I will stay right by your side for as long as you own your property
    It doesn’t matter if it’s 3 months or 30 years – if you have a problem I’ll be here to help.

Because I know that if you get the returns you are expecting you’ll come back for more.

You might even refer your friends and family, if I’m really lucky.

And unlike many of my competitors I don’t charge you a finder’s fee, an enabling fee or an arrangement fee.

In fact I don’t charge you any fees at all.

So if you would like full details of what’s on offer in Detroit – just reply to me.

Best,

Rebecca

Copyright OVG Invest Co. Ltd. 2009 - 2019
Email: info@ovginvest.com
Tel: +852 3101 7075 - Fax: +852 3101 7076
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