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Your guide to metro Detroit real estate, restoration, housing

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Whether you’re settling in a Detroit neighborhood, looking for help finding an apartment, or marveling at the grandeur of the city’s finest architecture, you’ve come to the right place.

This list of resources and the latest Detroit real estate information will be updated this summer. Check back when we add more coverage!

For home buyers

Nonprofits in Detroit join forces to improve homeowner services

Backed by a $ 2.2 million investment, a group of six Detroit-based housing associations have joined forces to create the Detroit Housing Network, an effort to promote housing stability and affordable home ownership in the city. Residents can apply for assistance through an online portal at detroithousingnetwork.org.

Michigan lawmakers pass bills to help first time home buyers

First-time home buyers could save their purchase costs with a tax-exempt savings account under laws passed in the Michigan Legislature to keep residents in the state labor force.

It’s tough being a homebuyer in Michigan right now – and the new build isn’t helping much [For subscribers]

The demand for homes in the metropolitan area of ​​Detroit continues unabated, the supply is very low and the sales prices are at an all-time high. And these market conditions basically existed before COVID-19, only to intensify in the raging year since the pandemic hit. So where should new residential construction meet this glowing demand?

What it was like to buy, sell, and build a home in the middle of a Michigan pandemic [For subscribers]

Some shoppers were able to move in 2020 amid the COVID-19 pandemic. For others, factors beyond their control have postponed their dreams of moving.

Adjustable rate mortgages may not be what you think they are

As tempting as it may be to save a few dollars a month now by opting for an adjustable rate mortgage, consumers still have to do their homework in this extremely low interest rate environment.

Building materials, lumber costs are rising in Michigan: here’s why [For subscribers]

Homeowners, tired of being locked in for months by the pandemic, are eager for the remodel. With low mortgage rates, thousands of extra dollars in buyers’ pockets from economic controls, and rising demand, why is this market facing bankruptcy?

William Marquez and Mahja Zeon pose for a portrait with their two-year-old daughter Nyla in the back yard of their newly purchased home in the Boston-Edison Historic District on Monday, December 15, 2020 in Detroit.

Detroit Loans Are Easier To Get: Rising Rates Appease Mortgage Lenders [For subscribers]

Home sales prices are rising rapidly in some of Detroit’s neighborhoods, making it easier for ordinary buyers to finally get a mortgage rather than relying on cash deals or risky land contracts.

The Historical Society of Michigan created these plaques to honor historically significant homes that are at least 100 years old.

Historic Detroit Real Estate

The Historical Society of Michigan is establishing a program for the preservation of historic homes and the community

Michiganers who restore great old homes that were built 100 or more years ago now have another chance to see their efforts recognized.

The city of Detroit received a $ 30 million grant from the HUD to help create more mixed-income homes and improve neighborhood conditions in the Corktown area.

Detroit Receives $ 30 Million HUD Grant To Help Improve Housing In Corktown, Neighborhood [For subscribers]

Detroit was one of five cities across the country that the HUD selected to receive a total of $ 160 million in neighborhood improvement grants to rehabilitate distressed housing, strengthen social services, and improve public spaces in neighborhoods.

Reconstruction of Neighborhoods in Detroit

Neighborhood Improvement, Poverty Reduction a Priority for Detroit’s $ 400 Million Bailout Fund

Millions of dollars are expected to be distributed in Detroit as early as July 1, Mayor Mike Duggan said at a community meeting that will distribute $ 413 million in funds related to COVID-19 pandemics.

The West Boston Apartments, on the outskirts of the Boston Edison district in Detroit, have been offered for sale and are to be rented at fair market rates.  With the help of the Detroit Housing for the Future Fund, the client will instead renovate the complex and keep it affordable for the years to come.

Home Sweet Home? These organizations want to help the Detroiters make sure they can have one [For subscribers]

Having a home – whether you own it or rent it – is not only a pride, it also helps empower the entire community. Because of this, PNC Bank, the City of Detroit and LISC Detroit are working to bring more people to Motor City access to affordable housing.

Housing Experts: “Massive Outreach” Required to Make Gilbert’s $ 15 Million Real Estate Tax Donation Successful

Billionaire couple Dan and Jennifer Gilbert will invest $ 500 million in neighborhoods across Detroit over the next decade, starting with $ 15 million to clear property tax debts for up to 20,000 Detroit homeowners.

United Artists Theater building in Detroit as it looked in May 2019.

Michigan real estate plans

The cost of refurbishing the United Artists Theater building owned by Ilitch climbs to $ 12 million

The conversion of the long-vacant, 18-story United Artists Theater building in downtown Detroit into nearly 150 apartments is progressing again after delays and cost increases due to the COVID-19 pandemic

Michigan may repeal local laws that prohibit short-term rentals. Is that a blessing or a slippery slope? [For subscribers]

Legislature is considering banning ordinances stopping Airbnbs and similar rentals through zoning. It has received fierce opposition from local leaders.

This is one of the largest homes for sale in southeast Michigan

A major sports figure from Detroit built this mansion in Bloomfield Township in 1995, including a basketball half-court with an auditorium.

Bed & Breakfasts Are Closing Up And Up For Sale Across Michigan: Why Owners Want Out [For subscribers]

Is the pandemic responsible for the suffering of bed and breakfasts across Michigan? Not exactly, but it sure didn’t help.

Interest in UP vacation properties has increased during the COVID-19 pandemic.  Listed for $ 249,900, this cabin is 15 miles from Marquette, overlooks Lake Superior and is available through Northern Michigan Land Brokers

UP vacation rental prices are booming: what is causing the increase [For subscribers]

The boom in vacation homes in the north, which surprised sellers and potential buyers last summer amid the COVID-19 pandemic, has reached the upper peninsula, where cottage prices are now high and available inventory is very scarce.

The City Club Apartments Midtown development would include three buildings, including this 16-story tower

350 upscale apartments, discount stores planned for Midtown Detroit [For subscribers]

Details of plans to build a tower with upscale apartments and possibly a discount store on a prominent building plot in Midtown have emerged.

The planned seven-story Godfrey Hotel in Corktown would have 277 rooms

Old Detroit Lions building to make way for a 227-room boutique hotel in Corktown

The proposed seven-story, $ 74 million Godfrey Hotel would be on Michigan Ave. 1401 until the demolition of an empty building that years ago housed administrative offices of the Detroit Lions and later the City Cab Co.

Contact Minnah Arshad: MArshad@freepress.com and follow her on Twitter @minnaharshad.

Support local journalism here.

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The JOLT Real Estate Report for June 6-12, 2021 | The JOLT

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This weekly report covers sales of single-family homes in Thurston County for the past week.

98 sales were completed from Sunday June 6th through Saturday June 12th 2021. The average sales price for these properties was $ 465,000, or $ 270.39 per square foot.

The average length of stay for these objects was 8.34 days, of which three objects were on the market for 50 or more days.

Without these three properties, the other 95 houses were on the market for an average of just 5.85 days.

CITY / address bed bath Square feet $ / Square foot Selling price
LACEY
7825 Greenview Dr. NE 4th 3.00 2,990 $ 267.54 $ 799,950
7541 50th Avenue NE 4th 2.50 2,682 $ 272.18 $ 730,000
4452 Campus Dr. NE 3 2.25 2.406 $ 286.78 $ 690,000
4073 Cameron Lane NE 4th 3.25 2,736 $ 208.33 $ 570,000
9541 28 3 2.50 2,190 $ 247.91 $ 542,931
2506 Greenlawn St SE 4th 2.50 2,871 $ 185.30 $ 532,000
2815 Kacie Ct NE 4th 2.50 2,297 $ 231.17 $ 531,000
7121 insert St SE 3 2.50 2,521 $ 206.27 $ 520,000
8624 Adonis Avenue NE 4th 2.50 2.157 $ 238.29 $ 514,000
3912 Willows Campus Lp NE 4th 2.50 2,520 $ 201.19 $ 507,000
3505 Barklay Dr. NE 3 1.75 1,850 $ 270.27 $ 500,000
7940 8th Avenue SE # 41 4th 2.50 2,328 $ 214.47 $ 499,296
4540 Stonegate St SE 4th 2.25 1.956 $ 253.07 $ 495,000
1901 Sycamore St SE 3 1.5 2,000 $ 245.00 $ 490,000
1901 Diamond Lp SE 4th 2.5 2,281 $ 214.82 $ 490,000
8345 Bainbridge Lp NE 2 1.75 1,393 $ 333.81 $ 465,000
3323 Nova St NE 3 2.5 1,704 $ 271.13 $ 462,000
5018 Andrew Street SE 4th 2.5 1,876 $ 245.20 $ 460,000
534 Kenneth Ct SE 3 2 1,596 $ 280.70 $ 448,000
9410 Bowthorpe (Lot 244)) St S 2 2 1,648 $ 268.39 $ 442,304
5617 Mount Rainier St SE 3 2.25 1,602 $ 268.41 $ 430,000
3325 Stanford Ct SE 3 2 1,236 $ 343.85 $ 425,000
7633 Rushmore Wy NE 3 2.5 1,509 $ 275.02 $ 415,000
5819 Vermont Avenue SE 3 2.25 1,395 $ 290.32 $ 405,000
5645 54th Avenue SE 3 1 1,048 $ 352.73 $ 369,660
9039 Deni Dr. NE 3 2 1,372 $ 266.03 $ 365,000
6115 Balboa Lane SE 3 2.5 1,361 $ 268.19 $ 365,000
5648 Waldron (Lot 1613) Dr. NE 3 2.50 2,505 $ 305.77 $ 765,948
OLYMPIA
5524 Brennerstrasse NW 3 2.75 2,932 $ 375.17 $ 1,100,000
7716 Ostrander Ct SE 4th 3.50 3,960 $ 240.15 $ 951,000
1639 Summit Lake Shore Road 2 2.25 2.154 $ 428.97 $ 924,000
6427 Cooper Point Rd NW 3 3.00 2,874 $ 311.06 $ $ 894,000
6212 78th Avenue NE 3 2.50 2,787 $ 298.53 $ 832,000
4027 Birkdale Lane SE 3 2.50 2,703 $ 306.88 $ 829,500
4636 Gifford Road SW 3 2.50 2,456 $ 321.66 $ 790,000
3924 Prestwick Lane SE 3 2.50 2,629 $ 296.65 $ 779,900
8544 44th Avenue NW 4th 2.75 2,962 $ 254.90 $ $ 755,000
4509 90. Wy SE 4th 2.50 3,267 $ 229.57 $ 750,000
11828 Parkview Ct SW 3 2.50 2,280 $ 296.05 $ 675,000
3139 Lindell Rd NE 3 2.50 2,661 $ 248.03 $ 660,000
5621 93rd Avenue SE 3 2.00 1,850 $ 351.35 $ 650,000
6511 Canyon Ct SW 3 2.75 1,896 $ 340.19 $ 645,000
5209 81st Avenue SE 4th 2.50 2,496 $ 250.40 $ 625,000
9639 Old Autobahn 99 SE 3 1.75 1,644 $ 363.75 $ 598,000
7310 Libby Rd ​​NE 3 2.00 1,344 $ 427.83 $ 575,000
3981 Pifer Rd SE 2 2.00 2,079 $ 266.96 $ 555,000
6739 Libby Rd ​​NE 3 2.00 1,598 $ 344.18 $ 550,000
8510 Rocky Lane SE 4th 2.00 2,999 $ 183.39 $ 550,000
2824 Acacia Ct SE 3 2.00 1,716 $ 314.69 $ $ 540,000
7144 Cavalier Lp SW 3 2.50 2,031 $ 260.96 $ 530,000
2636 18th Avenue NE 3 2.50 2,019 $ 262.51 $ 530,000
920 Sarah Ct NW 4th 2.5 2.136 $ 223.31 $ 477,000
1300 Scenic Ct SE 3 2.5 2.136 $ 220.04 $ 470,000
3317 Gonzaga Ct SE 3 1.75 1,530 $ 302.61 $ 463,000
5039 Madison Heights CT SE 3 2 1,444 $ 318.56 $ 460,000
7713 Rainier Avenue SE 2 2 1,944 $ 234.05 $ 455,000
3411 Hoadly St SE 2 2 2,442 $ 185.09 $ $ 452,000
5034 Chambers Creek LP SE 3 2.75 1,541 $ 288.77 $ 445,000
307 Messenger Ct SE 3 1.75 1,400 $ 314.29 $ $ 440,000
8634 35th century SE 3 1.75 1,748 $ 250.57 $ 438,000
1324 Clover St NE 3 2 1,874 $ 229.46 $ 430,000
441 Ranger Dr. SE 4th 1.75 2.144 $ 198.23 $ 425,000
8515 Sweetbrier Lp SE 3 2 1,680 $ 252.98 $ 425,000
729 Cottonwood Ct SE 3 1.75 1,508 $ 278.51 $ 420,000
1405 Alki St NE 3 2 1,412 $ 297.45 $ 420,000
407 Division St. 2 1 1,092 $ 375.46 $ 410,000
3617 Landau Ave NE 3 1.75 1,388 $ 288.15 $ 399,950
719 Kinwood Ct SE 3 1.75 1,098 $ 336.98 $ 370,000
1004 McCormick St NE 2 1.75 1,024 $ 355.47 $ 364,000
3523 Harvard Dr. SE 2 1.5 1,224 $ 290.03 $ 355,000
5110 Boston Harbor Rd NE 3 0.75 1,828 $ 153.17 $ 280,000
7042 Old Olympic Highway NW 1 1 640 $ 399.22 $ 255,500
RAINIER
16825 Reichelstrasse SE 3 2.50 2,736 $ 341.74 $ 935,000
16145 Reichelstrasse SE 4th 3.00 2,557 $ 307.00 $ 785,000
416 Easy St SE 3 2 1,874 $ 232.66 $ 436,000
719 Tipsoo Lp p 3 2 1,260 $ 309.52 $ 390,000
340 Briar Lane S # lot25 3 2 1.618 $ 210.14 $ 340,000
TUMWATER
401 Blass Avenue SE 4th 2.25 2,800 $ 206.70 $ 578,772
908 Cathy Ct SE 3 1.5 1,536 $ 292.97 $ 450,000
2504 Silver Lane SW 3 2.5 2.148 $ 206.01 $ 442,500
716 Dennis St SW 3 1.75 1,414 $ 311.17 $ 440,000
1626 Sundrop Lane SE 3 2.5 1,758 $ 231.51 $ 407,000
YELM
15420 SE Sunnyside Lane 4th 2.50 2,530 $ 290.51 $ 735,000
16946 156. Lane SE 3 2.50 1,992 $ 277.36 $ 552,500
9964 Justman St SE 4th 2.50 2,669 $ 185.46 $ 495,000
14968 101st Avenue SE 5 2.5 2,303 $ 208.42 $ 480,000
16144 Achat Str.SE 4th 2 2,060 $ 225.73 $ 465,000
9205 Carys St SE 4th 2.5 2,208 $ 208.33 $ 460,000
14969 101St Avenue SE 4th 3 2.142 $ 210.08 $ 450,000
10005 Cole Ct SE 4th 2.5 2.120 $ 212.26 $ 450,000
9101 Thea Rose Dr. SE 5 3 2,500 $ 180.00 $ 450,000
16657 Grünblattallee SE 3 2.5 1,766 $ 254.25 $ 449,000
10003 Tahoma Ct SE 4th 2.5 2.006 $ 204.39 $ 410,000
17721 Clearlake Blvd SE 3 2.5 1,740 $ 229.89 $ 400,000
9830 Ramsay Dr. SE 3 2.5 1,841 $ 215.92 $ 2nd $ 397,500
16229 Prairie Creek Lp SE 3 2.5 1,416 $ 268.36 $ 380,000
10008 suit St SE 3 2.5 1,413 $ 261.85 $ 370,000
16705 Wanda Ct SE 3 1.5 1.008 $ 337.30 $ 340,000

For more information on real estate in Thurston County, contact Kristy Woodford on 360-508-2800 at Holistic Home Group at Keller Williams South Sound 360-786-6900. Or email her at KWoodford@kw.com

The sales price development can be seen in this diagram:

Thurston County
Median sales prices
Week ends
Selling price
June 12 $ 465,000
June 5th $ 470,000
May 29th $ 475,000
May 22 $ 467,125
May 15 $ 450,500
8th of May $ 470,000
1st of May $ 440,000
April 24th $ 439,375
17th April $ 444.502
10th of April $ 434,950
3rd of April $ 478,414
27th of March $ 444,000
March, 20th $ 430,000
March 13th $ 425,799
6th March $ 430,000
27th of February $ 440,000

20. February

$ 433,950
13th February $ 414,750
February 6th $ 440,500
January 30th $ 385,837
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LA Real Estate Firms Are Making Deals Outside California

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CGI sold the Astoria on Celebration for $ 74.5 million.

Los Angeles real estate companies are paying attention to more dispersed markets and doing business outside of California, from Provo, Utah to Orlando, Florida.

In the past few weeks, two Westside companies have made major acquisitions.

Santa Monica-based MJW Investments bought a student residence at Brigham Young University, Utah. The price was not disclosed.

MJW acquired the 154-unit, 924-bed community in partnership with Redstone Residential Inc. of Provo, Utah.

With the acquisition, MJW now has more than 7,000 student residences in the United States.

Amenities at the property near BYU include a hot tub, sand volleyball court, pool, and on-site laundry facilities.

It is MJW’s sixth acquisition in this area.

In March, the company, together with Redstone Residential and Venice-based MHE Enterprises Inc., acquired a 1,156-bed student residence nearby.

In the recent acquisition, MJW plans to spend cash on the units and amenities to make it a more desirable property. Redstone Residential will oversee renovations and property operations.

“The close proximity to campus and the remarkable offerings are just some of the things that make this property incredibly attractive,” said Mark Weinstein, President and Founder of MJW Investments, in a statement.

“This means that our acquisitions will reach more than 2,000 beds in Provo in 2021. We are excited to bring a new living experience to the students at BYU and we are incredibly confident that once our capital projects are completed, this will be an enhanced living experience for the students, ”he added.

Voya Investment Management funded debt for the acquisition.

Further south, BH Properties, based in Sawtelle, acquired a retail center in Plano, Texas on June 1 for an undisclosed price.

Known as Preston Shepard Place, the property has 361,780 square feet of retail space on 31 acres. The center was built in 1995 and has Marshalls, Burlington and Tuesday Morning among its anchor businesses.

Only 55% of the location was rented when it was closed.

“Preston Shepard Place is an underutilized retail location poised for a surge in lease and traffic,” said Scott Henry, director of acquisitions at BH Properties, in a statement.

“With 163,002 square feet of vacancy, we have plenty of runway to generate future cash flow growth. We plan to accommodate a large number of retailers by spreading the larger vacancies across smaller spaces. The busy location and wealth dynamics offer the opportunity to achieve significant growth in NOI (Net Operating Income), ”he added.

From 2008 to 2018, the center was 94.4% occupied, according to BH Properties. According to the company, the current low occupancy rates are due to corporate insolvencies in private customer business.

The transaction marks BH Properties’ first retail deal of the year.

While other local businesses are adding assets, Woodland Hills-based CGI Real Estate Investment Strategies is giving up some properties in other states.

The company announced on June 3 that it had sold Astoria to Versity Investments at Celebration in Celebration, Florida for $ 74.5 million.

The property has 306 luxury apartment buildings spread over six four-story buildings with a central clubhouse and pool.

The property was built in 2016 before being vacated in 2017 due to construction issues. CGI acquired the vacant community in 2019 for $ 43 million and brought the property up to date. At the time of sale to Versity Investments, the property was 99% let.

“Our history as a fundamental developer has given us both the experience and confidence that we can take on a massive challenge like Astoria and turn it into a resort-style Class A facility,” said Gidi Cohen, CEO of CGI in an opinion.

“Having successfully restored the property to optimal condition and the Orlando market continued to pick up, we were able to exceed our business plan in record time,” he added.

CGI assumes that the property will develop well in the future.

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North Texas real-estate agent faces added charge in U.S. Capitol riot

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A Tarrant County real estate agent accused of entering the U.S. Capitol during the January 6 riot is charged again with involvement in violence during the riot, according to court records.

Katherine Staveley Schwab “intentionally and knowingly engaged in an act of physical violence” at the Capitol, according to court files filed last week.

Schwab, 33, had previously been charged with knowingly entering or staying in a restricted building or site without legitimate authority; and disorderly behavior on the Capitol grounds.

The new indictment was first reported by the Dallas Observer.

Schwab’s lawyer did not immediately respond to phone and email requests for comment. A phone number listed in Schwab’s name has been disconnected.

Katherine “Katie” Schwab, right.(FBI)

The indictment is the latest in a growing list of criminal charges against Texans related to the riots that broke out as Congress worked to confirm Joe Biden’s win in the 2020 presidential election.

Donald Trump falsely claimed victory and in a speech that day called on a crowd to march to the Capitol. Forty-five Texans were charged in connection with the riot, according to a review by the George Washington University Extremism Program.

The FBI said Schwab admitted to having flown a private plane to Washington with four other people the day before the uprising. On January 6, Schwab and the group listened to speakers near the White House before heading to the Capitol at around 10:30 a.m.

FBI agents said Schwab told them nothing was happening in the Capitol and some members of the group decided to go to the hotel, according to court records. There Schwab saw on the news that the Capitol had been violated, court records show. Schwab told authorities they had decided to bring an Uber back to the Capitol.

She told the FBI that she noticed there were some “bad apples” in the crowd.

“Although Schwab saw neither violence nor anyone who destroyed anything, she saw the door to the Capitol being destroyed,” an FBI agent wrote in Schwab’s criminal complaint. “Schwab said the crowds pushed her through the original doors into the building and into a lobby area.”

Schwab said she felt overwhelmed by the crowds. A Capitol police officer indicated an exit to her, according to the display.

Schwab was eventually arrested along with two other members of the group that flew the plane to Washington – Jennifer Ryan and Jason Hyland.

The newly submitted court files do not contain any information about the violence in which Schwab is involved. But a Ryan attorney, Guy Womack, said the government contacted him about the new charge and told him the same charge did not apply to Ryan.

“They claim that Ms. Schwab did something violent,” said Womack. “I think they accuse her of kicking a camera. It doesn’t sound like a very violent act, the little bit they told me. “

Womack said Ryan and Schwab only entered the Capitol even though there were violent people in the crowd who broke windows, broke into the office of House Speaker Nancy Pelosi and clashed with police.

“Hundreds of the defendants in this case should not be sentenced to prison for entering the Capitol,” he said. “The people at the front pushed their way through and some broke windows. It’s criminal activity – you can’t break a window in the U.S. Capitol. … But the overwhelming majority of people did not go into a private area at all. “

Womack said Ryan was “only there as an interested American citizen who wanted to see what the process was like”.

The US Press Freedom Tracker, which maintains a database of incidents of violence against journalists, reported several incidents of violence against the news media during the riot. Outside the Capitol, rioters stormed television crews and destroyed their equipment.

The day after the uprising, the real estate agency Schwab worked for said she was “no longer affiliated with the company.”

Five people died during or shortly after the riot, including Ashley Babbitt, who was shot and killed by law enforcement while trying to enter a restricted area.

According to her criminal complaint, Schwab referred to the shooting in a Facebook post.

“After the girl was shot,” she wrote, “then we untied all hell.”

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