Detroit is the largest city in Michigan, as well as the financial nerve center of the state. Nicknamed the Motor City, or “Motown,” three of the largest automobile companies in the world make their home in Detroit, greatly influencing the economy of the city, which in turn influences the economy of the entire state. Hundreds of business geared toward supporting the Big Three automobile manufacturers. The condominum market is extremely advantageous towards buyers, so now is a perfect time to buy a Detroit condo with the help of Condocompany.com specialists.
While the city has a rough image, the reality is that crime in downtown Detroit is lower that the averages of other metro areas. It boasts several well-to-do neighborhoods such as Grosse Pointe, Palmer Park and St. Claire.
Detroit’s architecture is highly acclaimed. Late 1800 and early 1900 buildings are prominent throughout the city, while Art Deco sits comfortably alongside post-modern. The Renaissance Center exemplifies post-modernism, while the Penobscot Building and the Guardian Building are classic Art Deco structures. A number of pre-World War II architecture can also be found in downtown Detroit, adding a nostalgic flavor to the city.
The city is lucky enough to boast four major sports teams. Football fanatics can watch the Lions at Ford Field, while the Detroit Pistons play at the Palace of Auburn Hills. The Tigers claim Comerica Park for their own, while the Red Wings play hockey at the Joe Louis Arena.
On the more academical side, Detroit boasts several colleges. Wayne State University is a popular choice for higher learning, while the University of Detroit Mercy provides several graduate schools. The Wayne County Community College is also a good choice for those looking to enter into the skilled labor fields.
Currently, the condominium market in Detroit is soft. Foreclosures are on the rise, while the foreclosing banks are attempting to sell the condos, sometimes with a discount as high as 30 percent! This is highly advantageous for the buyers. Up-and-coming singles can enjoy music at the DTE Energy Music Theater or the Electronic Music Festival if they enjoy concerts. All ages can enjoy the multiple Detroit theaters, including the Fox Theatre and the Masonic Temple Theatre. If you happen to prefer classical music instead, Condocompany.com can help you to be close by the Detroit Symphony Orchestra at the Orchestra Hall.
Another advantage of living in Detroit is the options of travel available. Condo owners can head to Canada via the renowned Ambassador Bridge or the Detroit-Windsor Tunnel, while those looking to travel in the United States can take I-75, I-94 or I-96. The Coleman A. Young International Airport and Detroit Metropolitan Wayne County Airport also exist. For those more interested in keeping their feet on the ground, Amtrak provides service to Pontiac, Michigan, and Chicago, Illinois. In fact, Detroit boasts a very strong musical culture, ranging from the blues of John Lee Hooker, to Motown Records. Rock stars such as Ted Nugent are a mainstay of Detroit, while rap artists such as Kid Rock and Eminem bring the gritty realities of the Detroit inner city to the nation at large.
While the market is currently in strong favor of the buyer, Detroit real estate agents predict that the market will strengthen eventually, so now is a prime time to buy a condominium! At Condocompany.com, our specialists in the Detroit area have an in-depth knowledge of the city, along with what areas of the city are the best for your needs. Every condominium complex is unique, and Condocompany.com has expertise in dealing with all of them. From Greektown to Indian Village, Condocompany.com can help you in your purchase.
