I was going to post this in the "Quirks of your local real estate market" thread, but thought it might be more appropriate here.
This is frightening.
$360K in Buffalo. 2000 sq ft, Elmwood Village
$360K in Detroit, 6-000 sq ft, .Palmer Woods.
If Buffalo, a battered Rust Belt city that doesn't have anywhere near the critical mass of Detroit, has the conditions for a hot real estate market, is it possible in Detroit?
A lot of the focus on Detroit has been the decline of the auto industry, racial tensions, and so on. Almost no attention has been paid to the quality of its urban form. Buffalo's neighborhoods are centered on commercial streets that are fairly narrow; usually no more than one lane of traffic in either direction, on-street parking, and maybe a center turning lane. Main Street is as wide as it gets, with two traffic lanes in each direction. Detroit's major streets are much wider, and the bones aren't that great; a lot of one story taxpayer buildings. The spaces don't seem as comfortable and human scaled as neighborhoods in Buffalo, Chicago, or Pittsburgh.
Here's what Elmwood Avenue looks like, courtesy of Google Streetview. One lane of traffic in each direction, on-street parking.
Here's Bailey Avenue, the main street in Kensington, my childhood neighborhood in Buffalo. Kensington is now considered a "ghetto". One lane of traffic in each direction, on-street parking.
Main Street in Buffalo. Two lanes in each direction, on-street parking (both sides where there's no center turning lane or median).
Here's Woodward Avenue next to Palmer Woods. Five lanes of traffic in each direction no on-street parking.
People moving into cities want vibrant, comfortable neighborhood centers. I don't think the conditions are right in Detroit to create such places, at least not without some major restructuring.
Consider Nine Mile in Ferndale, which has a profile similar to major arterials in Buffalo. Two story buildings frame the street nicely.
Some of the mile roads in Detroit proper have a similar profile, but they're framed by one story taxpayers, making the street seem much wider. Here's Seven Mile.