Buyers found million-dollar discounts last year in metro Detroit's high-end housing market, where the top 10 home sale prices ranged from $2.2 million to $4.8 million.
But those bargains aren't likely to be repeated this year: Sparse inventory can't satisfy growing demand for the best addresses, brought on by a resurgent auto industry, local real estate professionals say.
"These big deals that went down won't happen again," said John Kucish, a real estate agent with Re/Max Classic in Farmington Hills, who sold a sprawling seven-bedroom home in West Bloomfield last year for $2.6 million. "I won't be able to deliver a 16,000-square-foot house on Orchard Lake on two acres again for that price. No way."
Talk about bad luck I was JUST about to put down $2.6 million on a house too....
"When the snows fall and the white winds blow, the lone wolf dies but the pack survives." Winter is Coming Now this is the Law of the Jungle—as old and as true as the sky; And the wolf that shall keep it may prosper, but the wolf that shall break it must die. As the creeper that girdles the tree-trunk, the Law runneth forward and back; For the strength of the Pack is the Wolf, and the strength of the Wolf is the Pack.
