Detroit Jewish News

October 20, 2016

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M ediation is an alternative that can help you retain more time, money, and privacy during your legal battle. Barbara Smith, J.D., former district court magistrate and administrative law judge with more than 25 years of legal experience, lends her unique blend of reason, calmness and tenacity to the process, helping guide opposing parties to mutually agreeable solutions. She has successfully mediated hundreds of cases over the past decade. Smith Mediation Center Bloomfi eld Hills | 248.646.8000 www.michigan-divorce-mediation.com Divorce Mediation 2043970 ;ϴϱϱͿϮϯϮͲϭϬϭϬ zŽƵĚĞƐĞƌǀĞƚŚĞďĞƐƚ^ĞŶŝŽƌDŽǀĞƐĞƌǀŝĐĞƐ͊ 7KHSUHPLHUHFRPSUHKHQVLYHVHQLRUPRYHPDQDJHPHQWFRPSDQ\LQ6(0LFKLJDQ >ŝŶĚĂ,ŝůůĞƌEŽǀĂŬƌĂŶŬƐŝŶƚŚĞƚŽƉ ϭйŽĨƌĞĂůĞƐƚĂƚĞĂŐĞŶƚƐŶĂƟŽŶǁŝĚĞĂƚ DŝĐŚŝŐĂŶǭƐηϭƌĞĂůĞƐƚĂƚĞŽĸĐĞ͘ ĂƌŽůLJŶ^ƟĞŐĞƌŝƐƚŚĞŝŵŵĞĚŝĂƚĞ WĂƐƚWƌĞƐŝĚĞŶƚŽĨƚŚĞEĂƟŽŶĂůƐƐŽĐŝĂƟŽŶŽĨ ^ĞŶŝŽƌDŽǀĞDĂŶĂŐĞƌƐ͘ ϯϭϭϲt͘ϭϮD/>ZK Z<>z͕D/ϰϴϬϳϮ ǁǁǁ͘ƌŝŐŚƚŵŽǀĞƐĨŽƌƐĞŶŝŽƌƐ͘ĐŽŵͮǁǁǁ͘ƌŝŐŚƚŵŽǀĞƐĐŽŶƐŝŐŶŵĞŶƚ͘ĐŽŵ • WƌĞƉĂƌĞĨŽƌƐĂůĞ • ŽŵƉůĞƚĞďƌŽŬĞƌĂŐĞƐĞƌǀŝĐĞƐ • ŽǁŶƐŝnjĞ • KƌŐĂŶŝnjĞΘĞĐůƵƩĞƌ • DŽǀĞĐŽŽƌĚŝŶĂƟŽŶ • ĞĐŽƌĂƚĞ • hŶƉĂĐŬΘ^ĞƩůĞ • ŽŶƐŝŐŶŵĞŶƚΘƐƚĂƚĞ^ĂůĞƐ 2078180 2117430 MEL DRYMAN Raised in Detroit, Experienced in Arizona Your Professional & Dedicated ARIZONA REALTOR Mobile: (480) 239-8686 mel.dryman@azmoves.com Each Office Independently Owned and Operated h h SEPTEMBER HOME SALES STATS R ealcomp, the multiple listing and data service for Metro Detroit Realtors, released its monthly totals for September. Compared to September 2015: • The median sale price was up 9.2 percent, from $146,000 to $159,500 • Monthly sales were down 5 percent • Communities with the most September sales: 1) Detroit 2) Warren 3) Livonia 4) Sterling Heights 5) Canton Township • Average days on market was down by 3 days The median sales price in 2016 for the four counties comprising Metro Detroit was $167,000, up from $158,500 a year earlier. In September, the median sales price was $173,500 — much higher than the yearly average. According to Realcomp: • Sellers, on average, are getting 97.2 percent of their list price so far in 2016 in Metro Detroit, up from 96.9 percent. • In Livingston County, sales dropped 9.2 percent to 307 sales, while the median home sale price increased 17.2 percent to $239,000. • Macomb County saw sales drop 7.6 percent to 1,334 in September, while the median price increased by 7.2 percent to $149,950. • In Oakland County, home sales dropped 7.4 percent to 1,934, while the median price rose 10.3 percent to $215,000. • Wayne County sales dropped 1.2 percent to 1,833, while the median sale price increased by 5.6 percent to $118,000. * real estate » 30 October 20 • 2016 A ccording to a study published by New Jersey-based real estate firm Coldwell Banker, the city of Detroit is the most afford- able home market in the United States. To determine the rankings, Coldwell looked at the average listing price for a four-bedroom, two-bathroom house in various cities across the United States. The average price for a house that size in Michigan is $268,279 according to the study. However, in Detroit, the average list- ing price is less than a quarter of that, coming in at $64,110. The next closest affordable community in the state is Jackson at $114,860. Rounding out the top five most affordable markets are Shepherd at $124,458, Hillsdale at $131,645 and Escanaba at $143,717. Cleveland came in second in the nation at $73,073. "The city of Detroit has been expe- riencing a renaissance in the last few years. Due to an invigorated commu- nity, culture and resurgence of young professionals, more and more people are looking to Detroit as an affordable place to settle and lay down roots," said John North, CEO of Coldwell Banker Weir Manuel in Bingham Farms, in a press release. On the flip side, Bloomfield Township ranks as the most expensive place to buy a home in Michigan at $490,628 with Ann Arbor trailing just behind at $490,571. Other markets in the top five most expensive areas are New Buffalo at $488,420, Beverly Hills at $481,958 and Traverse City at $426,853. The national average for a four- bedroom, two-bathroom house is $320,120. * DETROIT MOST AFFORDABLE CITY TO BUY A HOUSE

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