BY MARK JONES

This week Detroit Future City (DFC) released two reports, one being “Home Sales in Detroit.” It explored how home sales have changed from 2012-2013 to 2020-2021. This map was created by using the tables at the end of the report. It is reported in 2020 Census Tracts and shows the median market sale price in 2020-2021 (in brown hue) and the change in median market price from 2012-2013 (height of tract).
However, while the report and subsequent Free Press articles cite percentage increase in median market sales prices, I was interested in which neighborhoods had the largest dollar increase. One takeaway that was not in the report was that the largest dollar increases in median sales were in already high value neighborhoods. The inverted T, Woodward corridor and riverfront, continue to lead the way, but the positive news is that the outlying neighborhoods saw increases.
The largest increase in median sales was on the 1300 Lafayette block. Oddly, it said there were zero market rate home sales in 2012-2013 and only one in 2020-2021, and it went for $505,000. That is the small, rectangle darting up east of downtown in the above map. Presumably, the one sale was the penthouse condo in 1300 Lafayette, but if so, the rest of the condo sales should have been included. The next largest increase was the Brush Neighborhood. It went from $130,000 to $590,000, mostly because of City Modern.
For more information on the methods DFC utilized, please read the report at:

by: Mark Jones