I copied some Detroit specific parts of the article to make it easier.

Brittani Jones, whose home is in Detroit's stylish East English Village, has gotten several offers on her property and there's a steady stream of lookers.
"We are pleased with the interest," Jones said,
The 27-year-old Farmington Hills resident is like many young people who want to move back to Detroit. But it is tougher to find the right place than he thought. "I've been outbid on three different homes" in the past few months
Prices also are climbing in downtown Detroit's condominium market,

Book Cadillac effect has helped the rise in prices, because despite it being the most luxury property in Detroit, it also steadily sells with one to five sales per month," Sanzotta said.
She was referring to The Residences at the Westin Book Cadillac, the landmark building that was renovated into a Westin hotel and upscale condominiums.
A two-bedroom, 1,412-square-foot condo there is under contract for $344,900. Another luxury unit testing the waters this spring is a 2,700-square-foot condo at the River Place, with sweeping waterfront views, for $450,000.

http://www.detroitnews.com/article/2...text|FRONTPAGE