Ann Arbor median price per square feet is trending down over the last 12 months; between $140 to $130 per sf.  See summary charts of the Ann Arbor Real Estate Market at bottom of post. The median sold prices of all Ann Arbor Real Estate areas compared to Feb 09 are up 6 percent, and asking prices are up 8 percent. Many sellers’ are listing their homes for the Spring market. Ann Arbor Real Estate is stabilizing and with the current low interest rates, the extended home buyer tax credits and incredible real estate values. To find out more about Ann Arbor Real Estate Market Statistics for all of Ann Arbor, continue reading.

The market is broken down into areas by the Ann Arbor Area Board of Realtors with a map below and insight into each neighborhood and school area is provided.

Pete Hendershot, appraiser with Affinity Valuation Group, LLC.. says, “Burns Park area 88 is always active and still has the highest dollar per square foot; schools are Allen, Thurston, King, Burns Park, Angell, Tappan, Clague, Huron High”. Let’s explore.

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Search Area 81 North West Ann Arbor is boarded on the East side by US 23 and to the south I 94.

There are 35 (up from 32) Ann Arbor homes for sale in area 81 with bedrooms ranging from 2 to 6 and baths from 1 to 7 with list prices ranging from $119,000 to $2,950,000. Homes sizes range from 1,117 to 15,185 square feet.

The chart shows the trend line of average sold price per square foot is trending up from $150 to around $166 per square feet over the last 12 months.

There are 44 sold Ann Arbor homes over the last 12 months in area 81 with bedrooms ranging from 2 to 9 and baths from 1 to 10 with list prices ranging from $160,000 to $5,990.000 and sold prices from $133,500 to $3,000,000. Average sold price is $524,775 and average sold price per square feet is $155.85 up from $152.50 (last month). List price to sold price is 94%.

The chart above shows compared from February 09′ to February 10′ that the number of homes for sale are up 13 percent and the number of homes sold are up 100 percent.

The Ann Arbor median price of homes in this area listed for sale is down 2 percent and sold prices are up 33 percent – February 09′ vs. February 10′.

 Schools are Abbott, Wines or Haisley elementary schools and Forsythe Middle School and Skyline High School. For database on Washtenaw Schools, click on highlighted link.

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Search Area 82 Westside of Ann Arbor South of M14 and Main Street is the boundary on the East side.

There are 132 up from 116 active homes for sale with bedrooms ranging from 1 to 5 and baths from 1 to 5. The size of homes for sale range in square feet from 729 to 7,500. List prices range from $60,000 to $1,285,000 and average list price per square feet is $159.67.

The trend of prices is up over the last 12 months per the chart going from $159.67 to $150 per square feet.

There are 276 sold Ann Arbor homes the last 12 months in area 82 with bedrooms ranging from 1 to 6 and baths from 1 to 5 with list prices ranging from $34,000 to $749,000 and sold prices from $1,300 to $692,000. Average sold price is $227,689 and average sold price per square feet is $144.29. The average sold price per list price is 94 percent.

The supply chart shows the number of homes for sale compared to last February 09′ vs. February 10′ is up 1 percent and the number of homes sold is up 83 percent.

The price chart below shows compared from February 09′ to February 10′ that the price of homes for sale are down 1 percent and the price of homes sold are down 11 percent.

The median price of homes listed for sale is down 5 percent and sold prices is up 5 percent – February 09′ vs. February 10′.

This Ann Arbor area 82 includes desirable west side of Ann Arbor. Schools are Bach, Eberwhite or Haisley for elementary school; Slauson or Forsythe for middle school (depends on location) and usually Pioneer High School.

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Search Area 83 Ann Arbor Southwest Liberty to Main Street.

There are 91 (up from 72) active Ann Arbor homes in area 83 vs. for sale ranging from $89,900 to $839,000 and average list price per square feet of $151.48.

The sold prices per square feet trend line over the last 12 months per chart is flat between $71.23 to $218.53 per square feet.

There are 147 sold Ann Arbor homes in the last 12 months in area 83 with bedrooms ranging from 2 to 5 and baths from 1 to 5 with list prices ranging from $107,500 to $899,900 and sold prices from $125,000 to $845,000. Average sold price is $296,280 down from $302,013 last month, and average sold price per square feet is $136.94 and the average sold price per list price is at 96 percent.

The chart above shows compared from February 09′ to February 10′ that the number of homes for sale are up 23 percent and the number of homes sold are down 50 percent.

The median price of homes listed for sale is up 14 percent and sold prices is down 49 percent – February 09′ vs. February 10′.

Elementary schools are Lawton, Bryant-Pattengill and Lakewood and the middle school is either Slauson or Tappan, along with Pioneer High School. This area is on the lower left South West quadrant of the map below.

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Search Area 84 Ann Arbor Briarwood to North Stadium

There are 50 active Ann Arbor homes for sale in area 84 by Briarwood to North Stadium ranging from $23,760 to $399,900 and average list price per square feet of $125.38.

The trend of sold price per square feet over the last 12 months is flat.

There are 51 sold homes over the last 12 months in area 84 with bedrooms ranging from 2 to 5 and baths from 1 to 3 with list prices ranging from $61,900 to $479,000. Sold prices range from $68,000 to $479,000. Average sold price is $194,257 down slightly from $196,068 and average sold price per square feet is $120.01 with the average sold price per list price at 96 percent.

The number of homes for sale in February 09′ is up 47 percent and there were no sold homes in February 10′ report. Inventory is trending up slightly over the last 12 months.

Median price of homes for sale is down 12 percent and median sold price is up 100 percent compared to February last year. This area is the purple area in the middle of the map below.

Schools are Bryant-Pattengill and Allen for elementary and Tappan or Scarlett for Middle schools and Pioneer or Huron for the high school.

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Search Area 85 Ann Arbor Scarlett and East Pittsfield, bordering Ypsilanti school district as the Eastern border.

There are 84 (vs. 76 last month) active Ann Arbor homes for sale in area 85 ranging from $24,900 to $7755,000 and average list price per square feet of $106.85 down from $106.96. The size of the homes range from 652 to 3,054 square feet.

The average sold price per square foot prices has trended up over the last 12 months.

There are 142 homes sold in the last 12 months in area 85 with bedrooms ranging from 1 to 5 and baths from 1 to 3. Sold prices range from $29,900 to $329,900. Average sold price is $152,196 up from $150,338 and average sold price per square feet is $93.16 with the average sold price per list price at 96 percent.

The number of homes for sale compared to February of last year is down 25 percent and the number of homes sold compared to February 09′ is down 50 percent. The number of homes on the market is shrinking.

Median price of homes for sale is up 3 percent and median price of sold is up 16 percent compared to February last year.

The schools are Pittsfield, Carpenter, Allen or Mitchell for elementary school and Tappan or Scarlett for middle school, along with Huron High. This area of schools – Pittsfield, Carpenter, Allen, Mitchell, Tappan, Scarlett, and Huron is the green section in the lower right quadrant of the map below.

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Area 86 Ann Arbor East Geddes and Huron River Drive, North Eastern section of the Ann Arbor schools including Superior township.

There are 71 (vs. 58 last month) active Ann Arbor homes for sale in area 86 ranging from $238,500 to $2,495,000 and average list price per square feet of $194.52 and average list price of $650,703. The homes range in bedrooms from 2 to 8 and baths from 1 to 6. The size of home for sale range from 1,294 square feet to 8,392 square feet.

Area 86 average sold price per square feet trend line is down per Affinity Valuation Group, LLC.

There are 81 (vs. 83 last month) sold Ann Arbor homes in area 86 this year with bedrooms ranging from 2 to 6 and baths from 1 to 6 with list prices ranging from $179,900 to $1,290,000 and sold prices from $2,750 to $1,150,000. Average sold price is $497,477, the highest in Ann Arbor and average sold price per square feet is $162.20 with the average sold price per list price at 93 percent (up from 92 percent from last month).

The number of homes for sale compared to February of last year are down 3 percent and the number of homes sold compared to February 10′ are down 20 percent. The number of homes on the market over the last 12 months is about the same.

Median price of homes for sale are down 9 percent and home sold prices are up 43 percent.

Schools are Allen, Thurston, King, Burns Park, Angell elementary schools. Tappan or Clague are the middle schools, along with Huron High School. This are is aqua on the East side of Ann Arbor.

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Search Area 87 North East Ann Arbor and North Campus, walking distance to UM Medical Center, goes East to Dixboro.

There are 55 (up from 49 last month) North East Ann Arbor homes for sale ranging from $124,900 to $1,495,000 and average list price per square feet of $154.43 and average list price of $377,267. The homes range in size from 720 square feet to 5,834 square feet with bedrooms from 2 to 7 and baths from 1 to 4.

The average sold price per square foot prices are flat for the last 12 months.

There are 102 (vs. 99 last month) sold Ann Arbor homes in North East Ann Arbor over the last 12 months with bedrooms ranging from 2 to 6 and baths from 1 to 4 with list prices ranging from $108,800 to $965,000. Sold prices range from $108,000 to $800,000. Average sold price is $268,007 and average sold price per square feet is $127.95 with the average sold price per list price at 95 percent. The sold homes range in square feet from 792 to 4,667 square feet.

The number of homes for sale compared to February of last year are up 61 percent and the number of homes sold are up 300 percent.

Median price of houses for sale is down 16 percent and prices of sold homes is down 28 percent over last year.

Schools are Northside, Thurston or Logan for elementary schools, Clague for Middle and Huron High or Skyline depending on location. This is the North East Ann Arbor upper right purple map quadrant.

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Search Area 88 Ann Arbor Downtown/Burns Park, south of the University and walkable neighborhood.

There are 37 (vs. 27 last month) active Ann Arbor homes in area Burns Park for sale ranging from $159,900 to $1,995,000 and average list price of $471,829 and list price per square feet of $221.31. The homes offered for sale range in size from 702 square feet to 4,130 square feet.

The average sold price per square feet trend is up per Affinity Valuation Group, LLC in Downtown/Burns Park, and south of the University.

There are 46 (vs. 42 last month) sold Ann Arbor homes in Burns Park this year with bedrooms ranging from 2 to 6 and baths from 1 to 4 with list prices ranging from $179,900 to $1,350,000. Sold prices from range from $180,100 to $1,150,000. Average sold price is $437,553. Average sold price per square feet is $201.21 and the average sold price per list price is now at 95 percent (same as last month).

The number of homes for sale compared to February of last year is down 3 percent and there was no feb 2009 sold data. Actually the number of houses on the market over the last 12 months is down slightly, good news that inventory is shrinking.

Median price of homes for sale is up 22 percent and no sold comparison in Feb 2009.

Schools are Eberwhite, Bach and usually Burns Park for elementary schools. The middle schools are Tappan and Slauson depending on location, along with Pioneer High School. Burn Park is in the center of the map.

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Finally a market snapshot which is all Ann Arbor areas combined. This chart shows that Ann Arbor residential asking prices compared to February last year are up 26 percent and sold prices are down by 37 percent.

So bottom line, the Ann Arbor market is stabilizing. Downward pressure is exerted by foreclosures and short sales. Again Ann Arbor homes are affordable, choices are abundant and low interest rate financing is available.

We all want to know when the market will turn around, so we are tracking the Ann Arbor Real Estate Market activity monthly. Pete Hendershot of Affinity Valuation Group, LLC says, the market bottomed. For your Ann Arbor Area home value, click here.

Ann Arbor Board of Realtors organizes our data by search areas by boundaries and schools as pictured. We do a ton of business with people who are relocating to Ann Arbor, usually coming to work for University of Michigan. Many have never been here. It’s always our pleasure to help others discover this gorgeous city and to show the different areas of Ann Arbor, each having a different feel. It’s important to find the place that feels like home to you. For last month’s data, see Ann Arbor Area Real Estate Statistics Charted Last Month.

Neighborhoods are unique so you knowing up to date Ann Arbor Real Estate information about specific areas and trends could be helpful. The Ann Arbor Board breaks down our Ann Arbor Real Estate into the areas in the map. Trend lines from Affinity Valuation Group, LLC help us determine the Ann Arbor Real Estate Market direction. For all areas in Ann Arbor, the average sold price per square feet are trending up slightly over the last 12 months; great news! Finally, if we look at data since Feb 2009, the average sales price per square feet inched up.

As far as Ann Arbor market statistics go, the number of houses for sale this February compared to last year are up 6 percent and sold homes are down 16 percent. The trend line confirms shrinking inventory.

Median prices of those homes for sale are up 8 percent and those sold are up 6 percent when comparing this February to last year. The gap between the asking prices and sold prices is narrowing per the trend lines, showing that the market is becoming more stable.

Thanks for the Source: Affinity Valuation Group, LLC.

Map areas for the MLS below.

Ann Arbor Real Estate, Kathy Toth & Team is excited to offer you FREE automated email information on the Market Value of your Washtenaw County home.This will help you learn your home’s up-to-date market value, complete with comparable properties in the Ann Arbor, Michigan area, including addresses, selling prices and photos. Cutting edge internet system that emails directly to you! It’s FREE, Simple and Dependable. No Obligation! JUST FILL IN THE FORM.

Speak with Kathy’s Team today to find out what your Ann Arbor home is worth! Experience red carpet treatment by calling us at (734) 669-0337 or emailing us at Info@KathyToth.com, Keller Williams Ann Arbor Market Center.

 

 

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When you want to know where you are going, sometimes it helps to see where you have been.    Every year one of the most asked questions I get, is when should I list my house?  The charts show that spring is the best time to list regardless of type of market.  Take a look at the data over several years to see how the Ann Arbor Area Real Estate market has performed.  The total drop in Washtenaw prices since our  mrket peak of 2005 is 36%.

Average Sales price in 2005 $266,633

in 2006 $258,934; decline 3%

in 2007 $250,286; decline  3%

in 2008 $211,342; decline 16%

in 2009 $182,287; decline 14%

For Ann Arbor Real Estate market timing graphs, click here.

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Washtenaw County Average Home Prices are up this month.

We had an uptick in Ann Arbor area average sale prices in January compared to last January. So the Average Sale Price went from $153,486 to $165,842: that is an 8 percent increase.  But when we compare to the average sales price of December of $178,059, then we see decline of 6 percent.  Yes I see a flicker in the tunnel. We will see the light in the tunnel during this stabilization period.  We see an increase in sales volume January 09′ over January 10′ from $23,329,915 to $27,198,130 and an increase in sales units of 152 to 164. The trifecta has hit.  See chart below.

This is an exciting time for buyers as the Ann Abor Area homes for sale/inventory is being gobbled up and if you like shopping, this is fast moving time in our market. The home buyer tax credits, incredible Ann Arbor real estate values including Washtenaw foreclosures are propelling buyers in Ann Arbor Real Estate. See low interest rates below.

Local Ann Arbor Area Real Estate Market Updates:

Saline Real Estate Statistics

Ann Arbor Real Estate Statistics

Chelsea Real Estate Statistics

Dexter Real Estate Statistics

You know, we don’t have to hype Ann Arbor. For the last 21 years is has been and is my privilege to assist the Ann Arbor area sellers and Ann Arbor buyers bring their dreams to reality. I hope to see you around Tree Town; I’ll be the one with the calculator, electronic measuring device and sales contract and oh, by the way, check out buyer ebook.

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Ann Arbor median price per square feet is trending up over the last 12 months. See summary charts of the Ann Arbor Real Estate Market at bottom of post. The median sold prices of all Ann Arbor Real Estate areas combined have risen slightly over the last 12 months. The chart below is an absorption chart which shows that the shrinking inventory reveals 6.2 months supply. Many sellers’ have taken their homes off the market, or are waiting until spring to list their homes. Ann Arbor Real Estate is stabilizing and with the current low interest rates, the extended home buyer tax credits and incredible real estate values. To find out more about Ann Arbor Real Estate Market Statistics for all of Ann Arbor, continue reading.

The market is broken down into areas by the Ann Arbor Area Board of Realtors with a map below and insight into each neighborhood and school area is provided.

Pete Hendershot, appraiser with Affinity Valuation Group, LLC.. says, “Burns Park area 88 is always active and usually has the highest dollar per square foot; schools are Allen, Thurston, King, Burns Park, Angell, Tappan, Clague, Huron High”. Let’s explore.

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Search Area 81 North West Ann Arbor is boarded on the East side by US 23 and to the south I 94.

There are 32 (up from 20) Ann Arbor homes for sale in area 81 with bedrooms ranging from 2 to 6 and baths from 1 to 7 with list prices ranging from $124,900 to $2,950,000. Homes sizes range from 1,117 to 15,185 square feet.

The chart shows the trend line of average sold price per square foot is hovering around $150 per square feet over the last 12 months.

There are 43 sold Ann Arbor homes over the last 12 months in area 81 with bedrooms ranging from 2 to 9 and baths from 1 to 10 with list prices ranging from $160,000 to $5,990.000 and sold prices from $166,500 to $3,000,000. Average sold price is $523,000 and average sold price per square feet is $152.50 down from $157.01 (last month).

The chart above shows compared from January 09′ to January 10′ that the number of homes for sale are down 9 percent and the number of homes sold are down 25 percent.

The median price of homes listed for sale is down 16 percent and sold prices is down 25 percent – January 09′ vs. January 10′.

Schools are Abbott, Wines or Haisley elementary schools and Forsythe Middle School and Skyline High School. For database on Washtenaw Schools, click on highlighted link.

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Search Area 82 Westside of Ann Arbor South of M14 and Main Street is the boundary on the East side.

There are 116 up from 85 active homes for sale with bedrooms ranging from 1 to 6 and baths from 1 to 5. The size of homes for sale range in square feet from 729 to 7,500. List prices range from $70,000 to $1,285,000 and average list price per square feet is $156.99.

The trend of prices is up over the last 12 months per the chart going from $150 to $138 per square feet.

There are 272 sold Ann Arbor homes the last 12 months in area 82 with bedrooms ranging from 1 to 6 and baths from 1 to 5 with list prices ranging from $34,000 to $749,000 and sold prices from $25,000 to $692,000. Average sold price is $225,680 and average sold price per square feet is $143.78. The average sold price per list price is 94 percent.

The supply chart shows the number of homes for sale compared to last January 09′ vs. January 10′ is down 14 percent and the number of homes sold is down 11 percent.

The price chart below shows compared from January 09′ to January 10′ that the price of homes for sale are down 1 percent and the price of homes sold are down 11 percent.

The median price of homes listed for sale is down 16 percent and sold prices is down 25 percent – January 09′ vs. January 10′.

This Ann Arbor area 82 includes desirable west side of Ann Arbor. Schools are Bach, Eberwhite or Haisley for elementary school; Slauson or Forsythe for middle school (depends on location) and usually Pioneer High School.

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Search Area 83 Ann Arbor Southwest Liberty to Main Street.

There are 72 (up from 62) active Ann Arbor homes in area 83 vs. for sale ranging from $89,900 to $875,000 and average list price per square feet of $156.71.

The sold prices per square feet trend line over the last 12 months per chart is flat between $130 to $140 per square feet.

There are 149 sold Ann Arbor homes in the last 12 months in area 83 with bedrooms ranging from 2 to 5 and baths from 1 to 5 with list prices ranging from $64,400 to $899,900 and sold prices from $61,000 to $885,828. Average sold price is $302.013 upr from $299,224 last month, and average sold price per square feet is $136.91 and the average sold price per list price is at 96 percent.

The chart above shows compared from January 09′ to January 10′ that the number of homes for sale are up 4 percent and the number of homes sold are up 50 percent.

The median price of homes listed for sale is up 17 percent and sold prices is up 31 percent – January 09′ vs. January 10′.

Elementary schools are Lawton, Bryant-Pattengill and Lakewood and the middle school is either Slauson or Tappan, along with Pioneer High School. This area is on the lower left South West quadrant of the map below.

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Search Area 84 Ann Arbor Briarwood to North Stadium

There are 35 active Ann Arbor homes for sale in area 84 by Briarwood to North Stadium ranging from $58,000 to $399,000 and average list price per square feet of $119.55.

The trend of sold price per square feet over the last 12 months is flat.

There are 53 sold homes over the last 12 months in area 84 with bedrooms ranging from 2 to 5 and baths from 1 to 3 with list prices ranging from $61,900 to $479,000. Sold prices range from $68,000 to $479,000. Average sold price is $196,068 down slightly from $196,346 and average sold price per square feet is $119.31 with the average sold price per list price at 96 percent.

The number of homes for sale in January 09′ is up 10 percent and the number of homes sold compared to January 10′ is up 200 percent. Inventory is trending up slightly over the last 12 months

Median price of homes for sale is down 12 percent and median sold price is up 100 percent compared to January last year. This area is the purple area in the middle of the map below.

Schools are Bryant-Pattengill and Allen for elementary and Tappan or Scarlett for Middle schools and Pioneer or Huron for the high school.

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Search Area 85 Ann Arbor Scarlett and East Pittsfield, bordering Ypsilanti school district as the Eastern border.

There are 76 (vs.57 last month) active Ann Arbor homes for sale in area 85 ranging from $31,500 to $889,900 and average list price per square feet of $106.96 up from $101.81. The size of the homes range from 710 to 3,054 square feet.

The average sold price per square foot prices has trended up over the last 12 months.

There are146 homes sold in the last 12 months in area 85 with bedrooms ranging from 1 to 5 and baths from 1 to 3. Sold prices range from $29,000 to $315,000. Average sold price is $150,338 down from $152,881 and average sold price per square feet is $91.32 with the average sold price per list price at 96 percent.

The number of homes for sale compared to January of last year is down 19 percent and the number of homes sold compared to January 09′ is down 50 percent. The number of homes on the market is shrinking.

Median price of homes for sale is up 6 percent and median price of sold is down 51 percent compared to January last year.

The schools are Pittsfield, Carpenter, Allen or Mitchell for elementary school and Tappan or Scarlett for middle school, along with Huron High. This area of schools – Pittsfield, Carpenter, Allen, Mitchell, Tappan, Scarlett, and Huron is the green section in the lower right quadrant of the map below.

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Area 86 Ann Arbor East Geddes and Huron River Drive, North Eastern section of the Ann Arbor schools including Superior township.

There are 58 (vs.34 last month) active Ann Arbor homes for sale in area 86 ranging from $242,500 to $2,495,000 and average list price per square feet of $198.12 and average list price of $672,474. The homes range in bedrooms from 2 to 8 and baths from 2 to 6. The size of home for sale range from 1,363 square feet to 8,392 square feet.

Area 86 average sold price per square feet trend line is down per Affinity Valuation Group, LLC.

There are 83 (same as last month) sold Ann Arbor homes in area 86 this year with bedrooms ranging from 2 to 6 and baths from 1 to 6 with list prices ranging from $159,900 to $1,290,000 and sold prices from $2,750 to $1,150,000. Average sold price is $494,743, the highest in Ann Arbor and average sold price per square feet is $162.89 with the average sold price per list price at 92 percent (down from 93 percent from last month).

The number of homes for sale compared to January of last year are up 3 percent and the number of homes sold compared to January 10′ are down 25 percent. The number of homes on the market over the last 12 months is about the same.

Median price of homes for sale are down 11 percent and home sold prices are up 51 percent.

Schools are Allen, Thurston, King, Burns Park, Angell elementary schools. Tappan or Clague are the middle schools, along with Huron High School. This are is aqua on the East side of Ann Arbor.

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Search Area 87 North East Ann Arbor and North Campus, walking distance to UM Medical Center, goes East to Dixboro.

There are 49 (up from 33 last month) North East Ann Arbor homes for sale ranging from $50,000 to $1,495,000 and average list price per square feet of $62.80 and average list price of $375,295. The homes range in size from 720 square feet to 5,834 square feet with bedrooms from 2 to 7 and baths from 1 to 4.

The average sold price per square foot prices are flat for the last 12 months.

There are 99 (vs. 104 last month) sold Ann Arbor homes in North East Ann Arbor over the last 12 months with bedrooms ranging from 2 to 6 and baths from 1 to 4 with list prices ranging from $108,800 to $965,000. Sold prices range from $108,000 to $800,000. Average sold price is $271,417 and average sold price per square feet is $128.45 with the average sold price per list price at 95 percent. The sold homes range in square feet from 792 to 4,667 square feet.

The number of homes for sale compared to January of last year are up 12 percent and the number of homes sold are down 71 percent.

Median price of houses for sale is down 10 percent and prices of sold homes is down 25 percent over last year.

Schools are Northside, Thurston or Logan for elementary schools, Clague for Middle and Huron High or Skyline depending on location. This is the North East Ann Arbor upper right purple map quadrant.

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Search Area 88 Ann Arbor Downtown/Burns Park, south of the University and walkable neighborhood.

There are 27 (vs.18 last month) active Ann Arbor homes in area Burns Park for sale ranging from $159,900 to $1,995,000 and average list price of $475,792 and list price per square feet of $220.47. The homes offered for sale range in size from 702 square feet to 4,130 square feet.

The average sold price per square feet trend is up per Affinity Valuation Group, LLC in Downtown/Burns Park, and south of the University.

There are 42 (same as last month) sold Ann Arbor homes in Burns Park this year with bedrooms ranging from 2 to 6 and baths from 1 to 4 with list prices ranging from $179,900 to $1,350,000. Sold prices from range from $180,100 to $1,150,000. Average sold price is $447,005. Average sold price per square feet is $200.86 and the average sold price per list price is now at 95 percent (same as last month).

The number of homes for sale compared to January of last year is up 15 percent and the nubmer of homes sold are the same. Actually the number of houses on the market over the last 12 months is down slightly, good news that inventory is shrinking.

Median price of homes for sale is up 6 percent and prices of sold homes is up 102 percent compared to January last year.

Schools are Eberwhite, Bach and usually Burns Park for elementary schools. The middle schools are Tappan and Slauson depending on location, along with Pioneer High School. Burn Park is in the center of the map.

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Finally a market snapshot which is all Ann Arbor areas combined. This chart shows that Ann Arbor residential asking prices compared to January last year are up 26 percent and sold prices are down by 37 percent.

So bottom line, the Ann Arbor market is stabilizing. Downward pressure is exerted by foreclosures and short sales. Again Ann Arbor homes are affordable, choices are abundant and low interest rate financing is available.

We all want to know when the market will turn around, so we are tracking the Ann Arbor Real Estate Market activity monthly. Pete Hendershot of Affinity Valuation Group, LLC says, the market bottomed. For your Ann Arbor Area home value, click here.

Ann Arbor Board of Realtors organizes our data by search areas by boundaries and schools as pictured. We do a ton of business with people who are relocating to Ann Arbor, usually coming to work for University of Michigan. Many have never been here. It’s always our pleasure to help others discover this gorgeous city and to show the different areas of Ann Arbor, each having a different feel. It’s important to find the place that feels like home to you. For last month’s data, see Ann Arbor Area Real Estate Statistics Charted Last Month.

Neighborhoods are unique so you knowing up to date Ann Arbor Real Estate information about specific areas and trends could be helpful. The Ann Arbor Board breaks down our Ann Arbor Real Estate into the areas in the map. Trend lines from Affinity Valuation Group, LLC help us determine the Ann Arbor Real Estate Market direction. For all areas in Ann Arbor, the average sold price per square feet are trending up slightly over the last 12 months; great news! Finally, if we look at data since Jan 2009, the average sales price per square feet inched up.

As far as Ann Arbor market statistics go, the number of houses for sale this January compared to last year are down 5 percent and sold homes are down 19 percent. The trend line confirms shrinking inventory.

Median prices of those homes for sale are up 8 percent and those sold are up 19 percent when comparing this January to last year. The gap between the asking prices and sold prices is narrowing per the trend lines, showing that the market is becoming more stable.

Thanks for the Source: Affinity Valuation Group, LLC.

Map areas for the MLS below.

Ann Arbor Real Estate, Kathy Toth & Team is excited to offer you FREE automated email information on the Market Value of your Washtenaw County home.This will help you learn your home’s up-to-date market value, complete with comparable properties in the Ann Arbor, Michigan area, including addresses, selling prices and photos. Cutting edge internet system that emails directly to you! It’s FREE, Simple and Dependable. No Obligation! JUST FILL IN THE FORM.

Speak with Kathy’s Team today to find out what your Ann Arbor home is worth! Experience red carpet treatment by calling us at (734) 669-0337 or emailing us at Info@KathyToth.com, Keller Williams Ann Arbor Market Center.

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The Detroit Free Press reports about the Real Estate Market in these areas: Oakland, Macomb and Wayne counties. Property values dropped this last year.  I found this very interesting to compare to Washtenaw County information.

In Oakland County, no area was immune to price drops: Bloomfield Hills, Birmingham, Novi Township, Rochester, South Lyon, Berkley, Rochester, Hills, Orion Township, Novi City, Huntington Woods, Highland Township, Northville, Commerce , Township, Fenton, Oxford Township, Southfield Township, Oakland Township, Royal Oak City,Sylvan Lake, Lake Angelus, Holly Township, Bloomfield Township, Springfield Township, Orchard Lake, Addison Township, Troy, Wixom, Pleasant Ridge, Ferndale, Clarkston, Independence Township, Farmington Hills, Keego Harbor, Farmington, Royal Oak Township, Walled Lake, Clawson, Lyon Township, Milford Township, West Bloomfield Township, Brandon, Township, Auburn Hills, Hazel Park, White Lake Township, Pontiac, Madison Heights, Rose Township, Waterford Township, Lathrup Village, Oak Park, Groveland Township, Southfield City, Bloomfield Hills, Birmingham, Novi Township, Rochester, South Lyon, Berkley, Rochester, Hills, Orion Township, Novi City, Huntington Woods, Highland Township, Northville, Commerce , Township, Fenton, Oxford Township, Southfield Township, Oakland Township, Royal Oak City,Sylvan Lake, Lake Angelus, Holly Township, Bloomfield Township, Springfield Township, Orchard Lake, Addison Township, Troy, Wixom, Pleasant Ridge, Ferndale, Clarkston, Independence Township, Farmington Hills, Keego Harbor, Farmington, Royal Oak Township, Walled Lake, Clawson, Lyon Township, Milford Township, West Bloomfield Township, Brandon, Township, Auburn Hills, Hazel Park, White Lake Township, Pontiac, Madison Heights, Rose Township, Waterford Township, Lathrup Village, Oak Park, Groveland Township, Southfield City.

In Wayne County all values dropped for these areas: VAN BUREN, REDFORD, HARPER WOODS, DEARBORN HEIGHTS, ROCKWOOD, LINCOLN PARK, MELVINDALE, TAYLOR, WESTLAND, WYANDOTTE, DETROIT, GARDEN CITY, WAYNE, DEARBORN, HURON, ALLEN PARK, FLAT ROCK, LIVONIA, WOODHAVEN, SOUTHGATE, GIBRALTAR, GROSSE POINTE WOODS, ROMULUS, GROSSE POINTE FARMS, PLYMOUTH, BROWNSTOWN, BELLEVILLE, ECORSE, CANTON, TRENTON, GROSSE POINTE, RIVERVIEW, NORTHVILLE TOWNSHIP, GROSSE ILE, GROSSE POINTE, INKSTER, HAMTRAMCK, SUMPTER, NORTHVILLE, GROSSE POINTE PARK, RIVER ROUGE, PLYMOUTH, HIGHLAND PARK.

Macomb County had the same fate – across the board price drops.  The only area that bucked the system is Washtenaw, according to assessors was Ann Arbor and York Townships – up 1 percent per this report by AnnArbor.com.  I wonder how that could be?   Want to know what your Washtenaw County property is worth?

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Washtnew County Real Estate Prices Down 2009 13.7 percent.  Remember the sunny warm days of summer in Ann Arbor?

Let’s take a look at the Ann Arbor Real Estate Market as reported by the Ann Arbor Board of Realtors in the table.

 

Average residential sales prices for Washtenaw County dipped from $211,342 to $182,287 in 2009.  For more in depth results, visit this Ann Arbor Real Estate post.

For realted posts:

Chelsea Real Estate Market Statistics and Data

Dexter Real Estate Market Statistics and Data

Saline Real Estate Market Statistics and Data

 and to be in the know about the latest Ann Arbor Area Real estate statistics, subscribe to our blog.

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Ann Arbor Price per square feet is trending up over the last 12 months. See summary charts of the Ann Arbor Real Estate Market at bottom of post. The median sold prices of all Ann Arbor Real Estate areas combined have risen slightly over the last 12 months.  The chart below is an absorption chart which shows that the shrinking inventory reveals 4.5 months supply.  Many sellers’  have taken their homes off the market, or are waiting until spring to list their homes.  Ann Arbor Real Estate is stabilizing and with the current low interest rates, the extended home buyer tax credits and incredible real estate values.  To find out more about Ann Arbor Real Estate Market Statistics for all of Ann Arbor, continue reading. 

The market is broken down into areas by the Ann Arbor Area Board of Realtors with a map below and insight into each neighborhood and school area is provided.

Pete Hendershot, appraiser with Affinity Valuation Group, LLC.. says, “Burns Park area 88 is always intriguing and usually has the highest dollar per square foot; schools are Allen, Thurston, King, Burns Park, Angell, Tappan, Clague, Huron High”. Let’s explore.

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Search Area 81 North West Ann Arbor is boarded on the East side by US 23 and to the south I 94.

There are 20 (down from 42 Ann Arbor active year to date last month) homes for sale in area 81 with bedrooms ranging from 2 to 6 and baths from 1 to 7 with list prices ranging from $124,900 to $2,950,000.  Homes sizes range from 1,117 to 15,185 square feet.  

The chart shows the trend line of average sold price per square foot is hovering at $150 per square feet over the last 12 months.

There are 43 sold Ann Arbor homes over the last 12 months in area 81 with bedrooms ranging from 2 to 9 and baths from 1 to 10 with list prices ranging from $160,000 to $5,990.000 and sold prices from $166,500 to $3,000,000. Average sold price is $532,000 up from $528,720 and average sold price per square feet is $157.01.

The median price of homes listed for sale is down 13 percent and sold prices is up 11 percent – December 08′ vs. December 09′.

 

The charts above shows compared from December 08′ to December 09′ that the number of homes for sale are up 10 percent and the number of homes sold are down 25 percent. 

 Schools are Abbott, Wines or Haisley elementary schools and Forsythe Middle School and Skyline High School. For database on Washtenaw Schools, click on highlighted link.

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Search Area 82 Westside of Ann Arbor South of M14 and Main Street is the boundary on the East side.

There are 85 down from 104 active homes for sale with bedrooms ranging from 1 to 6 and baths from 1 to 5. The size of homes for sale range in square feet from 729 to 4,682. List prices range from $75,000 to $995,000 and average list price per square feet is $156.15 down from $157.92.

The trend of prices is up over the last 12 months per the chart going from $140 to $150 per square feet.

There are 270 sold Ann Arbor homes the last 12 months in area 82 with bedrooms ranging from 1 to 6 and baths from 1 to 5 with list prices ranging from $34,000 to $749,000 and sold prices from $25,000 to $692,000.  Average sold price is $227,456 average sold price per square feet is $145.28. The average sold price per list price is 95 percent.

The chart shows the number of homes for sale compared to last December08′ vs. December 09′ is up 4 percent and the number of homes sold is down 9 percent. The trend of supply shows for sale units is up 7 percent and sold units have remained the same.

This area 82 includes desirable west side of Ann Arbor. Schools are Bach, Eberwhite or Haisley for elementary school; Slauson or Forsythe for middle school (depends on location) and usually Pioneer High School.

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Search Area 83 Ann Arbor Southwest Liberty to Main Street.

There are 62 (down from 78) active Ann Arbor homes in area 83 vs. for sale ranging from $89,900 to $1,299,900 and average list price per square feet of $156.51.

The sold prices per square feet are trending up slightly over the last 12 months per chart, ranging from $128 to $140 per square feet.

There are 147 sold Ann Arbor homes in the last 12 months in area 83 with bedrooms ranging from 2 to 5 and baths from 1 to 5 with list prices ranging from $64,400 to $899,900 and sold prices from $61,000 to $885,828. Average sold price is $299,224 and average sold price per square feet is $136.61 up from $135.03 last month and the average sold price per list price is at 96 percent.

The number of homes for sale compared to December of last year is up 34 percent and the number of homes sold compared to December 08′ is down 22 percent. The gap is larger, so inventory is growing slightly here. The median price compared to December 08′ vs. December 09′ for sale is up 16 percent and median sold price is down 23 percent. 

Elementary schools are Lawton, Bryant-Pattengill and Lakewood and the middle school is either Slauson or Tappan, along with Pioneer High School.

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Search Area 84 Ann Arbor Briarwood to North Stadium

There are 30 down from 31 active Ann Arbor homes for sale in area 84 ranging from $61,900 to $399,000 and average list price per square feet of $121.74 down from $126.03 last month.

The trend of sold price per square feet over the last 12 months is up slightly.

There are 51 sold homes over the last 12 months in area 84 with bedrooms ranging from 2 to 5 and baths from 1 to 3 with list prices ranging from $84,900 to $479,000. Sold prices range from $80,000 to $479,000. Average sold price is $196,346 up from $194,381 and average sold price per square feet is $118.87 with the average sold price per list price at 95 percent.

The number of homes for sale in December 09′ is up 13 percent and the number of homes sold compared to December 08′ is down 25 percent. Inventory is up slightly over the last 12 months. Median price of homes for sale is down 14 percent and median sold price is up 45 percent compared to December last year.

Schools are Bryant-Pattengill and Allen for elementary and Tappan or Scarlett for Middle schools and Pioneer or Huron for the high school.

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Search Area 85 Ann Arbor Scarlett and East Pittsfield, bordering Ypsilanti school district as the Eastern border.

There are 57 (vs.73 last month) active Ann Arbor homes for sale in area 85 ranging from $31,500 to $325,900 and average list price per square feet of $101.81 up from $106.65. The size of the homes range from 734 to 3,054 square feet.

The average sold price per square foot prices has trended up over the last 12 months over $100 per square feet.

There are 148 homes sold in the last 12 months in area 85 with bedrooms ranging from 1 to 5 and baths from 1 to 3. Sold prices range from $29,900 to $315,000. Average sold price is $152,881 down from $153,847 and average sold price per square feet is $91.42 with the average sold price per list price at 96 percent.

The number of homes for sale compared to December of last year is down 10 percent and the number of homes sold compared to December 08′ is up 30 percent. The number of homes on the market is shrinking. Median price of homes for sale is up 5 percent and median price of sold is down 3 percent compared to December last year.

The schools are Pittsfield, Carpenter, Allen or Mitchell for elementary school and Tappan or Scarlett for middle school, along with Huron High.

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Area 86 Ann Arbor East Geddes and Huron River Drive, North Eastern section of the Ann Arbor schools including Superior township.

There are 34 (vs.60 last month) active Ann Arbor homes for sale in area 86 ranging from $229,900 to $2,495,000 and average list price per square feet of $189.13 and average list price of $655,768. The homes range in bedrooms from 2 to 5 and baths from 2 to 6. The size of home for sale range from 1,755 square feet to 8,392 square feet.

Area 86 average sold price per square feet trend line is up slightly per Affinity Valuation Group, LLC.

There are 83 (vs.73 last month) sold Ann Arbor homes in area 86 this year with bedrooms ranging from 2 to 6 and baths from 1 to 6 with list prices ranging from $159,900 to $1,290,000 and sold prices from $140,000 to $1,150,000. Average sold price is $498,479 and average sold price per square feet is $164.02 with the average sold price per list price at 93 percent (down from 94 percent from last month).

AREA 86 CHART

The number of homes for sale compared to December of last year are the same and the number of homes sold compared to December 08′ are up 333 percent. The number of homes on the market over the last 12 months is down slightly. Median price of homes for sale are down 5 percent and home sold prices are up 49 percent.

Schools are Allen, Thurston, King, Burns Park, Angell elementary schools. Tappan or Clague are the middle schools, along with Huron High School.

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Search Area 87 North East Ann Arbor and North Campus, walking distance to UM Medical Center, goes East to Dixboro.

There are 33 ( down from 42 last month) North East Ann Arbor homes for sale ranging from $50,000 to $1,495,000 and average list price per square feet of $62.80 down from $166.38 and average list price of $362,645.  The homes range in size from 720 square feet to 5,834 square feet with bedrooms from 1 to 7 and baths from 1 to 4.

The average sold price per square foot prices are up over the last 12 months.

There are 104 (vs. 109 last month) sold Ann Arbor homes in North East Ann Arbor over the last 12 months with bedrooms ranging from 2 to 6 and baths from 1 to 4 with list prices ranging from $128,900 to $965,000. Sold prices range from $115,000 to $800,000. Average sold price is $272,844 and average sold price per square feet is $127.22 with the average sold price per list price at 95 percent (same as last month). The sold homes range in square feet from 792 to 4,667 square feet.

The number of homes for sale compared to December of last year are down 13 percent and the number of homes sold compared to December 08′ are down 67 percent. Median price of houses for sale is down 13 percent and prices of sold homes is down 13 percent over last year.

Schools are Northside, Thurston or Logan for elementary schools, Clague for Middle and Huron High or Skyline depending on location.

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Search Area 88 Ann Arbor Downtown/Burns Park, south of the University and walkable neighborhood.

There are 18 (vs. 22 last month) active Ann Arbor homes in area Burs Park for sale ranging from $159,900 to $1,995,000 and average list price of $400,277 and list price per square feet of $204.21. The homes offered for sale range in size from 702 square feet to 4,507 square feet.

The average sold price per square feet trend is flat per Affinity Valuation Group, LLC in Downtown/Burns Park, and south of the University.

There are 42 (vs.45 last month) sold Ann Arbor homes in Burns Park this year with bedrooms ranging from 2 to 6 and baths from 1 to 4 with list prices ranging from $175,000 to $1,350,000. Sold prices from range from $155,000 to $1,150,000. Average sold price is $427,315. Average sold price per square feet is $199.66 and the average sold price per list price is now at 95 percent (down from 96 percent last month).

The number of homes for sale compared to December of last year is up 25 percent and homes sold are down 50 percent. Actually the number of houses on the market over the last 12 months is up slightly. Median price of homes for sale is up 7 percent and prices of sold homes is up 36 percent compared to December last year.

Schools are Eberwhite, Bach and usually Burns Park for elementary schools. The middle schools are Tappan and Slauson depending on location, along with Pioneer High School.

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Finally a market snapshot which is all Ann Arbor areas combined. This chart shows that Ann Arbor residential asking prices compared to Dec. 2008 and Dec. 2009 are up 26 percent and sold prices are down by 37 percent.

ALL AREAS CHART

So bottom line, the Ann Arbor market is stabilizing. Downward pressure is exerted by foreclosures and short sales. Again Ann Arbor homes are affordable, choices are abundant and low interest rate financing is available.

We all want to know when the market will turn around, so we are tracking the Ann Arbor Real Estate Market activity monthly. Pete Hendershot of Affinity Valuation Group, LLC says, the market bottomed. For your Ann Arbor Area home value, click here.

Ann Arbor Board of Realtors organizes our data by search areas by boundaries and schools as pictured. We do a ton of business with people who are relocating to Ann Arbor, usually coming to work for University of Michigan. Many have never been here. It’s always our pleasure to help others discover this gorgeous city and to show the different areas of Ann Arbor, each having a different feel. It’s important to find the place that feels like home to you. For last month’s data, see Ann Arbor Area Real Estate Charted Through November 2009 .

Neighborhoods are unique so you knowing up to date Ann Arbor Real Estate information about specific areas and trends could be helpful. The Ann Arbor Board breaks down our Ann Arbor Real Estate into the areas in the map. Trend lines from Affinity Valuation Group, LLC help us determine the Ann Arbor Real Estate Market direction. For all areas in Ann Arbor, the average sold price per square feet are trending up slightly over the last 12 months; great news! Finally, if we look at data since Jan 2009, the sales price per square feet inched up.

Thanks for the Source: Affinity Valuation Group, LLC.

Map areas for the MLS below.

Ann Arbor Real Estate, Kathy Toth & Team is excited to offer you FREE automated email information on the Market Value of your Washtenaw County home.This will help you learn your home’s up-to-date market value, complete with comparable properties in the Ann Arbor, Michigan area, including addresses, selling prices and photos. Cutting edge internet system that emails directly to you! It’s FREE, Simple and Dependable. No Obligation! JUST FILL IN THE FORM.

Speak with Kathy’s Team today to find out what your Ann Arbor home is worth! Experience red carpet treatment by calling us at (734) 669-0337 or emailing us at Info@KathyToth.com, Keller Williams Ann Arbor Market Center.

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Michigan Association of REALTORS collects Board Data from around the state and reports monthly.  The annual data shows a price decline for the year of 16.27 percent, compared to 2008 prices.  The full Michigan Real Estate report is here.  The Ann Arbor Board of Realtors reported annual decline of 13.95 percent with average sales price of $183,473.   

So our area did not decline as far as the whole state.  Unfortunately we have many sad people and many distressed home owners in Michigan.  What is important to note, is that people have options and we hope that people who are aware of others who are in distress seek advice from trusted professionals early.

If you need free legal advice, short sale information, bankruptcy consultation, loan modification, or whatever, talk to other professionals who are helping people out of the Michigan soup.  I define Michigan soup as all of us in a pot of water where the heat has been turned up slowly.  We are bobbing our heads up and down as the temperatures rise.  You know the story of the frog who when he enters the boiling water will jump out and escape, but if put in the pot of water with increasing temperature will boil to death.  We need the temperature turned down NOW by seeing a decrease in unemployment and a return of jobs!  Your opinion? 

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Many clients ask where the Ann Arbor real estate market is headed.  The US market is very different from our local Washtenaw real estate market.  Well, my crystal ball is on Holiday mode, but I do want to share some economic indicators that I read often and were presented last week, below:

·  Commentary and housing overview: Residential Investment: Moving Sideways

·  Treasury Uncaps Fannie and Freddie: TREASURY ISSUES UPDATE ON STATUS OF SUPPORT FOR HOUSING PROGRAMS

·  From Bloomberg: U.S. Commercial Real Estate Index Falls 1.5%

·  Existing Home Sales up Sharply in November

·  New Home Sales Decrease Sharply in November

·  November PCE and Saving Rate

An excellent econmic synopsis is the blog I subscribe to is www.CalculatedRiskblog.com.

We are here to help you relocate from and to Ann Arbor, Saline, Dexter, Chelsea, Milan, Ypsilanti.  Let us consult with you. If you want to look for Foreclousre deals please go to http://kathytoth.com/foreclosure_deals.

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Ann Arbor Price Per Square Feet is trending up over the last 12 months. See summary charts of the Ann Arbor Real Estate Market at bottom of post. The median sold prices of all Ann Arbor Real Estate areas combined have risen slightly over the last 12 months.

The market is broken down into areas by the Ann Arbor Area Board of Realtors with a map below and insight into each neighborhood and school area is provided.

Pete Hendershot, appraiser with Affinity Valuation Group, LLC.. says, “Burns Park area 88 has the highest dollar per square foot; schools are Allen, Thurston, King, Burns Park, Angell, Tappan, Clague, Huron High”. Let’s break it down.

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Search Area 81 North West Ann Arbor is boarded on the East side by US 23 and to the south I 94.

There are 42 (down from 51 Ann Arbor active year to date last month) homes for sale in area 81 with bedrooms ranging from 2 to 6 and baths from 1 to 7 with list prices ranging from $2,900.000 to $140,000.

The charts shows average sold price per square foot is rising over the last 12 months.

There are 44 sold Ann Arbor homes over the last 12 months in area 81 with bedrooms ranging from 2 to 9 and baths from 1 to 10 with list prices ranging from $160,000 to $5,990.000 and sold prices from $166,500 to $3,000,000 . Average sold price is $528,720 and average sold price per square feet is $157.14.

The chart above shows compared from November 08′ to Novmener 09′ that the number of homes for sale are up 16 percent and the number of homes sold are up 200 percent.

Schools are Abbott, Wines or Haisley elementary schools and Forsythe Middle School and Skyline High School. For database on Washtenaw Schools, click on highlighted link.

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Search Area 82 Westside of Ann Arbor South of M14 and Main Street is the boundary on the East side.

There are 104 down from 143 active homes for sale with bedrooms ranging from 2 to 6 and baths from 1 to 5. The largest square feet home offered for sale is 7,500 and smallest is 800. List prices range from $75,000 to $1,285,000 and average list price per square feet is $157.92.

The trend of prices are up over the last 12 months per the chart.

There are 268 sold Ann Arbor homes the last 12 months in area 82 with bedrooms ranging from 1 to 6 and baths from 1 to 4 with list prices ranging from $840.000 to $34,900 and sold prices from $25,000 to $800,000. Average sold price is $227,602 average sold price per square feet is $144.46. The average sold price per list price is 95 up one percent from last month.

The chart shows the number of homes for sale compared to last November are down 10 percent and the number of homes sold are up 53 percent. The trend of supply shows sold units up slighlty and for sale units down slighlty so inventory is shrinking modestly.

This area 82 includes desirable west side of Ann Arbor. Schools are Bach, Eberwhite or Haisley for elementary school; Slauson or Forsythe for middle school (depends on location) and usually Pioneer High School.

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Search Area 83 Ann Arbor Southwest Liberty to Main Street.

There are 78 (down from 96) active Ann Arbor homes in area 83 vs. for sale ranging from $99,900 to $1,299,900 and average list price per square feet of $155.06.

The sold prices per square feet are trending up slightly over the last 12 months per chart.

There are 148 sold Ann Arbor homes in the last 12 months in area 83 with bedrooms ranging from 2 to 5 and baths from 1 to 5 with list prices ranging from $64.400 to $899.900 and sold prices from $61,000 to $885,828. Average sold price is $298,956 (compared to last month $300,418) and average sold price per square feet is down to $135.03 up from $134.19 last month and the average sold price per list price is at 96 percent, same as last month.

The number of homes for sale compared to November of last year are up 32 percent and the number of homes sold compared to November 08′ are up 75 percent. The gap is larger, so inventory is growing slightly.

Elementary schools are Lawton, Bryant-Pattengill and Lakewood and the middle school is either Slauson or Tappan, along with Pioneer High School.

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Search Area 84 Ann Arbor Briarwood to North Stadium

There are 29 down from 30 active Ann Arbor homes for sale in area 84 ranging from $61,900 to $419,000 and average list price per square feet of $126.03 down from $133.01 last month.

The trend of sold price per square feet over the last 12 months is up slightly.

There are 52 sold homes over the last 12 months in area 84 with bedrooms ranging from 2 to 5 and baths from 1 to 3 with list prices ranging from $66,000 to $479,000. Sold prices range from $66,630 to $479,000. Average sold price is $194,381 up from $193,959 and average sold price per square feet is $118.14 with the average sold price per list price at 95 percent (same as last month).

The number of homes for sale compared to November of last year are up 5 percent and the number of homes sold compared to November 08′ down 67 percent. Inventory is about the same over the last 12 months.

Schools are Bryant-Pattengill and Allen for elementary and Tappan or Scarlett for Middle schools and Pioneer or Huron for the high school.

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Search Area 85 Ann Arbor Scarlett and East Pittsfield, bordering Ypsilanti school district as the Eastern border.

There are 73 (vs.87 last month) active Ann Arbor homes for sale in area 85 ranging from $36,000 to $889,000 and average list price per square feet of $106.65 up from $105.67. The largest home has 3,054 square feet and smallest is 810 square feet.

The average sold price per square foot prices have trended up over the last 12 months with 147 sales.

There are 147 homes sold in the last 12 months in area 85 with bedrooms ranging from 2 to 5 and baths from 1 to 3. Sold prices range from $29,900 to $315,000. Average sold price is $153,847 up from $153,436 and average sold price per square feet is $91.53 with the average sold price per list price at 95 percent.

The number of homes for sale compared to November of last year are equal and the number of homes sold compared to November 08′ are up 50 percent. The number of homes on the market are shrinking slightly.

The schools are Pittsfield, Carpenter, Allen or Mitchell for elementary school and Tappan or Scarlett for middle school, along with Huron High.

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Area 86 Ann Arbor East Geddes and Huron River Drive, North Eastern section of the Ann Arbor schools including Superior township.

There are 60 (vs.73 last month) active Ann Arbor homes for sale in area 86 ranging from $242,000 to $2,495,000 and average list price per square feet of $198.99. and average list price of $732,061. The homes range in bedrooms from 2 – 6 and baths from 2 – 5. The largest home offered for sale is 8,392 square feet with the smallest at 1,500 square feet.

Area 86 average sold price per square feet trend line is up per Affinity Valuation Group, LLC.

There are 73 (vs.72 last month) sold Ann Arbor homes in area 86 this year with bedrooms ranging from 2 to 6 and baths from1 to 6 with list prices ranging from $159,900 to $1,290,000 and sold prices from $140,000 to $1,150,000 . Average sold price is $504,393 down from $514,037 and average sold price per square feet is $164.37 with the average sold price per list price at 94 percent (same as last month).

The number of homes for sale compared to November of last year are the same and the number of homes sold compared to November 08′ are up 50 percent. The number of homes on the market over the last 12 months is about the same.

Schools are Allen, Thurston, King, Burns Park, Angell elementary schools. Tappan or Clague are the middle schools, along with Huron High School.

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Search Area 87 North East Ann Arbor and North Campus, walking distance to UM Medical Center, goes East to Dixboro.

There are 42 ( down from 58 last month) homes for sale ranging from $50,000 to $2,225,000 and average list price per square feet of $166.38 and average list prie of 454,880. The largest home is 6,670 square feet down to 763 square feet and bedrooms from 1 to 7 and baths from 1 to 4.

The average sold price per square foot prices are up over the last 12 months.

There are 109 (vs. 97 sold last month) sold Ann Arbor homes in area 87 over the last 12 months with bedrooms ranging from 2 to6 and baths from 1 to 4 with list prices ranging from $61,900 to $965,000. Sold prices range from $45,000 to $800,000. Average sold price is $274,457 and average sold price per square feet is $126.85 with the average sold price per list price at 95 percent (same as last month). The sold homes rnage in square feet from 792 to 4,667 square feet.

The number of homes for sale compared to November of last year are up 5 percent and the number of homes sold compared to November 08′ are up 200 percent.

Schools are Northside, Thurston or Logan for elementary schools, Clague for Middle and Huron High or Skyline depending on location.

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Search Area 88 Ann Arbor Downtown/Burns Park, south of the University and walkable neighborhood.

There are 22 (vs. 31 last month) active Ann Arbor homes in area 88 for sale ranging from $179,000 to $1,995,000 and average list price of $503,054 and list price per square feet of $224.00. The largest home offered for sale has 4,507 square feet with the smallest at 702 square feet.

The average sold price per square feet trend line is up slightly per Affinity Valuation Group, LLC in Downtown/Burns Park, and south of the University .

There are 45 (vs.41 last month) sold Ann Arbor homes in area 88 this year with bedrooms ranging from 2 to 6 and baths from 1 to 4 with list prices ranging from $175,000 to $1,350,000. Sold prices from range from $155,000 to $1,150,000. Average sold price is $424,271,down from $411,834. Average sold price per square feet is $200.87 up from $197.69 last month and the average sold price per list price is now at 96 percent (down from 97 percent last month).

The number of homes for sale compared to November of last is up 5 percent and the number of homes sold compared to November 08′ are up 133 percent. Actually the number of houses on the market over the last 12 months is up.

Schools are Eberwhite, Bach and usually Burns Park for elementary schools. The middle schools are Tappan and Slauson depending on location, along with Pioneer High School.

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Finally a market snapshot which is all Ann Arbor areas combined. This chart shows that Ann Arbor residential asking prices compared to Nov. 2008 and Nov. 2009 are up 12 percent and sold prices are up 6 percent.

So bottom line, the Ann Arbor market is stablizing. Downward pressure is exerted by foreclosures and short sales. Again Ann Arbor homes are affordable, choices are abundant and low interest rate financing is available.

We all want to know when the market will turn around, so we are tracking the Ann Arbor Real Estate Market activity monthly. Pete Hendershot of Affinity Valuation Group, LLC says, the market bottomed. For your Ann Arbor Area home value, click here.

Ann Arbor Board of Realtors organizes our data by search areas by boundaries and schools as pictured. We do a ton of business with people who are relocating to Ann Arbor, usually coming to work for University of Michigan. Many have never been here. It’s always our pleasure to help others discover this gorgeous city and to show the different areas of Ann Arbor, each having a different feel. It’s important to find the place that feels like home to you. For last month’s data, see Ann Arbor Area Real Estate Charted Jan. through October 2009 .

Neighborhoods are unique so you knowing up to date Ann Arbor Real Estate information about specific areas and trends could be helpful. The Ann Arbor Board breaks down our Ann Arbor Real Estate into the areas in the map. Trend lines from Affinity Valuation Group, LLC help us determine the Ann Arbor Real Estate Market direction. For all areas in Ann Arbor, the average sold price per square feet are trending up slightly over the last 12 months; great news! Finally, if we look at data since Jan 2009 (vs. rolling 12 months) only, the sales price declines slowed making a total year to date average price decline of 15%.

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Thanks for the Source: Affinity Valuation Group, LLC. Map areas for the MLS below.

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