While many of the country’s local housing markets are still contending with dismal home prices, there is light at the end of the tunnel for both Northville and Northville Township. According to the Equalization Office of Wayne County, average residential assessments have risen to impressive numbers. Northville’s values reached 3.26, and Northville Township’s looked even better, peaking at 4.89. These numbers are significant, since property values serve as reliable bellwethers for the overall economic health of the community.
Indeed, Mayor Chris Johnson stated, “For me, it's the first solid, tangible sign that the economy is improving.”
The numbers themselves are excellent news, but perhaps even more impressive is what this turn of events says about Northville’s longevity as a community.
Both Mayor Johnson and Northville Township Supervisor Mark Abbo commended the efforts of the community in making Northville attractive, thus encouraging businesses, such as SoulBrain, to set up shop here, which in turn, attracts new homebuyers. Abbo also credited Northville’s strong schools, clear community goals, and long-term planning for this upward trend in property values. Northville City Manager Patrick Sullivan echoed Abbo’s sentiments and added that Northville’s lower home prices and reputation as a safe place to live and raise children also played a significant role in the recovery.
Thus, the recovery is a reflection of what Northville has done right so far and what it will continue to do.
“We want to be top of the top in everything, and I think that drives the vision for the future,” Abbo said. “People like to see that.”