Take Advantage of Ultimate Buyer’s Market in Ann Arbor, Michigan; See Video

August 14th, 2010 Ann Arbor Real Estate Experts Posted in Ann Arbor Market Statistics, Buyer Information No Comments »

This is the ultimate buyer’s market in Ann Arbor, Michigan. That means that people should be buying. That requires those of us in the real estate business to make sure that our clients know why to buy, where to buy, how to buy and what to buy!
If you are looking at Ann Arbor Area foreclosure deals, talk to us; banks hire us to sell these properties so we know about them before they hit the market. If you want free buyer reports, let us know.

See video below discussing timing and buying opportunities from Keller Williams Realty.

Our buyers mirror what buyers want across the Nation.  We are here to help you with your financing resources and the help you find the best investment.  According to the National Association of Realtors®, this is what buyers want from their agents.  We are committed to delivering and hope you become Ann Arbor Area real estate raving fans in the process. 

There are pockets of buying opportunities in many Ann Arbor Area neighborhoods and condos. Let’s discuss your Ann Arbor Area Real Estate investment strategy. To search for all Ann Arbor homes, click here.
If you like this article, press like at the top. Like us on facebook too.

Kathy Toth and Team, Ann Arbor Area Real Estate Experts: Ann Arbor Market Center Keller Williams Realty

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What is the Best Selling Style of House in Ann Arbor?

August 12th, 2010 Ann Arbor Real Estate Experts Posted in Ann Arbor Market Statistics No Comments »

From January 1st to August 1, 2010 this is the price per square feet with regard to style of houses or architecture, courtesy of http://www.affinityvaluation.com/.
Based on sales data, the three stories are commanding the highest price per square feet, with bi levels obtaining the least. This is for the schools in our area 82: Bach, Eberwhite or Haisley for elementary school; Slauson or Forsythe for middle school (depends on location) and usually Pioneer High School.

In order of style preference by sq ft htere is the result: bi level, tri level, quad, 2.5 story, ranch, 2 story, 1.5 story or cape cod and 3 story.

To see another Ann Arbor Real Estate Market analysis by schools, click here. For ongoing Ann Arbor Real Estate Market Trends, click here.

To find out what your Ann Arbor Area home is worth, click here. If you are thinking of selling and want our free staging service, let us know.

What did you find as a surprise? Let us know.

As always, we are here to serve you and your family in earnest regarding your Ann Arbor Area home or investment. Call your Ann Arbor Real Estate Experts: 734-669-0337.

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What is your Ann Arbor Real Estate Market Neighborhood Sold Price Per Square Feet?

August 10th, 2010 Ann Arbor Real Estate Experts Posted in Ann Arbor Market Statistics No Comments »

Looking and the Ann Arbor Real Estate market in many different ways helps us determine trends in your neighborhood so we can consult with our Ann Arbor Area Real Estate clients to strategize.  Analyzing the Ann Arbor Real Estate market is a constant process and we report the data monthly.  Here we look at trends provided by Affinity Valuations Group for sold price per square feet by Ann Arbor schools.  Tour inside Ann Arbor Area Schools.

Below is the updated graph of sold price per square feet in the last 12 months.  It is important to look at further Ann Arbor residential detail and home specifics as they affect your situation.  We are here to provide the best service from your Ann Arbor Real Estate Experts and to give you a true sense of the market before buying and selling.  Call us early in the process.  Let us know what you think of your neighborhood data:  Abbot, Allen, Angell, Bach, Bryant Pattengill, Burns Park, Carpenter, Dicken, Eberwhite, Haisley, King, Lakewood, Lawton, Logan, Mack, Northside, Pittsfield, Thurston, Wines.


 
Call us for your consultation: 734-426-6669. 
Ann Arbor Market Center Keller Williams, Kathy Toth and Team

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Where is the Ann Arbor Area Market Headed in the Next Few Years?

July 21st, 2010 Ann Arbor Real Estate Experts Posted in Ann Arbor Market Statistics, Ann Arbor Real Estate No Comments »

Most people want to know what is going to happen in the Ann Arbor Real Estate market and how it is going to impact their value.  A good place to start is with the national perspective.

NAR’s chief economist Lawrence Yun expects the median home price to go up nationally 2 to 3 percent this year. He does not think foreclosure sales will topple the housing market in 2010.

Mark Zandi, chief economist at Moody’s Economy.com, thinks the housing crash is nearly over. He thinks we’re close to the bottom, but that we won’t see price growth in 2010 or 2011.

Zandi sees foreclosures (list of Washtenaw County foreclosure deals)rising in 2010 and then declining in 2011.  If you wait, interest rates could be higher.

The home-sale market is localized. According to research company MDA DataQuick, San Francisco Bay Area home sales fell 1.2 percent, but the median home price was up 22 percent in April from a year ago. Las Vegas-area home sales fell 0.2 percent, but the median sale price was down 0.7 percent from April 2009.

George Fulton, Univeristy of Michigan Economic Guru posts forecasts on this site. They say, ”We expect the unemployment rate to sit in the high 13s for the rest of this year, before gravitating to 12.9 percent by the end of 2011.”  Therein lies the key to our success – local jobs.

So, let’s look at sales activity in our immediate neighborhoods to get a complete picture.  Detailed Ann Arbor Area Real Estate reports:

Ann Arbor Real Estate Statistics: Trend Prices Per Square Feet

Chelsea Real Estate Statistics: Trend Prices Per Square Feet

Dexter Real Estate Statistics: Trend Prices Per Square Feet

Saline Real Estate Statistics: Trend Prices Per Square Feet

Confidently guiding you through the Ann Arbor Real Estate Maze,

Kathy Toth and Team of Keller Willams

734-426-6669

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Ann Arbor Real Estate Price Per Sq Ft is Up for the last 12 Months

July 15th, 2010 Ann Arbor Real Estate Experts Posted in Ann Arbor Market Statistics No Comments »

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Ann Arbor median price per square feet is trending up 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 July 09 are up 4.3 percent, and asking prices are down 4.9 percent. Many sellers’ are listing their homes for the Summer market. Ann Arbor Real Estate is stabilizing and with the current low interest rates 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 60 (up from 58) Ann Arbor homes for sale in area 81 with bedrooms ranging from 2 to 6 and baths from 1 to 6 with list prices ranging from $116,000 to $2,950,000. Homes sizes range from 1,048 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 49 sold Ann Arbor homes over the last 12 months in area 81 with bedrooms ranging from 2 to 6 and baths from 1 to 6 with list prices ranging from $119,000 to $2,400,000.000 and sold prices from $3,500 to $2,400,000. Average sold price is $497,620 and average sold price per square foot is $153.38 up from $152.72 last month. List price to sold price is 92%.               


               

The chart above shows compared from July 09′ to July 10′ that the number of homes for sale are up 19 percent and homes sold are up 66.7 percent.  Trends are flat.             

               

The Ann Arbor median price of homes in this area listed for sale is down 15.6 percent and homes sold are up 34 percent – July 09′ vs. July 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 147 up from 142 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 595 to 7,500. List prices range from $69,900 to $1,195,000 and average list price per square feet is $159.69.               

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


               


               

There are 284 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 $34,900 to $749,000 and sold prices from $30,000 to $692,000. Average sold price is $238,356 and average sold price per square feet is $146.09. The average sold price per list price is 96 percent.               

The supply chart shows the number of homes for sale compared to last July 09′ vs. July 10′ is down 20.1 percent and the number of homes sold is down 29.5 percent.               

               

The price chart below shows compared from July 09′ to July 10′ that the price of homes for sale are down 6.2 percent and the price of homes sold are up 10.2 percent.               

               

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 87 (down from 89) active Ann Arbor homes in area 83 vs. for sale ranging from $97,900 to $990,000 and average list price per square feet of $148.10.               

The sold prices per square foot trend line over the last 12 months per chart is up slighlty.               

               

There are 140 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 $89,900t o $799,900 and sold prices from $89,900 to $730,000. Average sold price is $281,967 down from $290,448 last month, and average sold price per square feet is $136.43 and the average sold price per list price is at 96 percent.               

               

The chart above shows compared from July 09′ to July 10′ that the number of homes for sale are down 20.7 percent and the number of homes sold are down 61.9 percent.               

               

The median price of homes listed for sale is up 7.4 percent and sold prices is down 7.5 percent – July 09′ vs. July 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 45 active Ann Arbor homes for sale in area 84 by Briarwood to North Stadium ranging from $65,500 to $995,000 and average list price per square feet of $128.31.               

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

               

There are 59 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 $18,760 to $400,000. Sold prices range from $18,000 to $385,000. Average sold price is $178,807 down from $189,304 and average sold price per square feet is $119.73 with the average sold price per list price at 96 percent.                

               

The number of homes for sale in July 09′ is up 50 percent and the number of sold homes in July 10′ report was up 60 percent. Inventory is trending up slightly over the last 12 months.               

               

Median price of homes for sale is down 10.8 percent and median sold price is down 19 percent compared to July 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 87 (vs. 86 last month) active Ann Arbor homes for sale in area 85 ranging from $32,000 to $775,000 and average list price per square feet of $100.53 down from $105.23. The size of the homes range from 652 to 3,100 square feet.               

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

               

There are 132 homes sold in the last 12 months in area 85 with bedrooms ranging from 1 to 5 and baths from 1 to 4. Sold prices range from $24,900 to $329,900. Average sold price is $162,235 up from $152,363 and average sold price per square feet is $92.14 with the average sold price per list price at 95 percent.               

               

The number of homes for sale compared to July of last year is down 1 percent and the number of homes sold compared to July 09′ is down 63.6 percent. The number of homes on the market is up.               

               

Median price of homes for sale is down 8.6 percent and median price of sold is up 18.6 percent compared to July 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 64 (vs. 72 last month) active Ann Arbor homes for sale in area 86 ranging from $277,000 to $2,900,000 and average list price per square feet of $217.95 and average list price of $792,635. The homes range in bedrooms from 3 to 5 and baths from 2 to 6. The size of home for sale range from 1,880 square feet to 8,800 square feet.               

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

               

There are 99 (vs. 104 last month) sold Ann Arbor homes in area 86 this year with bedrooms ranging from 2 to 8 and baths from 1 to 5 with list prices ranging from $108,000 to $1,290,000 and sold prices from $100,000 to $1,200,000. Average sold price is $483,976, the average sold price per square feet is $160.43 with the average sold price per list price at 94 percent.               

               

The number of homes for sale compared to July of last year are down 23.5 percent and the number of homes sold compared to July 10′ are down 33.3 percent.               

               

Median price of homes for sale are up 20 percent and home sold prices are up 80.3 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 66 (up from 61 last month) North East Ann Arbor homes for sale ranging from $114,900 to $1,375,000 and average list price per square feet of $146.12 and average list price of $382,198. The homes range in size from 840 square feet to 7,340 square feet with bedrooms from 2 to 6 and baths from 1 to 4.               

The average sold price per square foot prices are trending slightly up for the last 12 months.               

               

There are 107 (vs. 113 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 $75,000 to $1,100,000. Sold prices range from $65,000 to $970,000. Average sold price is $260,435 and average sold price per square feet is $131.37 with the average sold price per list price at 95 percent. The sold homes range in square feet from 888 to 5,221 square feet.                

               

The number of homes for sale are down 6.3 percent compared to July of last year and the number of homes sold are down 35.3 percent.               

               

Median price of houses for sale is up 11.4 percent and price of sold homes is down 2.9 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 38 (vs. 40 last month) active Ann Arbor homes in area Burns Park for sale ranging from $169,900 to $1,795,000 and average list price of $471,439 and list price per square feet of $223.99. 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 down per Affinity Valuation Group, LLC in Downtown/Burns Park, and south of the University.               

               

There are 55 (vs. 52 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 $159,900 to $1,350,000. Sold prices range from $3,000 to $1,150,000. Average sold price is $416,494. Average sold price per square feet is $202.34 and the average sold price per list price is now at 93 percent (down from last month).               

               

The number of homes for sale compared to July of last year is down 6.7 percent and the price of sold homes was up 40 percent.               

               

Median price of homes for sale is down 14.7 percent and sold price of homes is down 37.8 percent.               

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 July 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 July 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 June compared to last year are down 3 percent and sold homes are down 10 percent. The trend line confirms shrinking inventory.               

               

Median prices of those homes for sale are down 4.9 percent and those sold are up 4.3 percent when comparing this July 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.               

               

Chelsea Real Estate Statistics: Trend Prices Per Square Feet               

Dexter Real Estate Statistics: Trend Prices Per Square Feet               

Saline Real Estate Statistics: Trend Prices Per Square Feet               

Thanks for the Source: Affinity Valuation Group, LLC.                

Map areas for the MLS below.               

map                

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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Ann Arbor Real Estate Market Hovers

July 15th, 2010 Ann Arbor Real Estate Experts Posted in Ann Arbor Market Statistics, Ann Arbor Real Estate No Comments »

As far as unit sales go, residential home sales June of 2009 compared to June 2010 in Washtenaw County totaled 388 in June, up from 346 a year earlier. Condo sales were up from 83 in 2009 to 92 in June. Total dollar volume went up 11.7 percent from $71.5 million to $79.9 million.  The real story is in prices; however.  The average sale prices fell slightly from 2009 totals.  Average sales price went from $206,738 down to $205,994.  The residential median prices hovered from $168,250 to $169,700 (change of .0036) and median condo prices dipped from $134,000 to $123,000 (change of.082). 

We will not see an inverted V curve, but again, I believe we are at the bottom of the market.  Recovery may be like a hover craft or skipping stone, yo yo ing along. I see positive signs of some employment changes, which is what we need.  This is kind of like our U of M football team – up and down.  We look for 100 percent wins in both.


Above thoughts are based on information from the Ann Arbor Area Board of REALTORS® Multiple Listing Service for the period from June 6, 2009.  We welcome your insights and thoughts; what do you think will happen in the Ann Arbor Real Estate market? Comment below or call us; 734-669-0337

Ann Arbor Real Estate Experts: Kathy Toth and Team Ann Arbor Market Center Keller Williams Realty

Pictured below – Rich Rodriguez and Kathy Toth at Women’s Football Academy

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Number of Ann Arbor Area Homes Sold are up Year to Date 2010

June 13th, 2010 Ann Arbor Real Estate Experts Posted in Ann Arbor Market Statistics No Comments »

Ann Arbor Market Statistics are Updated

According to the Ann Arbor Board of Realtors, Washtnew County Real Estate residential homes sold are up to 1223 units compared to 1002 units sold in 2009.   Take a tour ofAnn Arbor?

Play VisualTour

Let’s review Ann Arbor Real Estate Market as reported by the Ann Arbor Board of Realtors in the table below.

Ann Arbor 2009

The number of homes sold this May compared to slast year wer up 38 percent.  THe number of condos sold May 2010 compared to May 209 were also up from 53 to 81 making a 53% jump. 

Average residential sales prices for Washtenaw County were up year to date, from $170,973 in 2009 to $173,213 in 2010.    Prices this May were $186,970 down from $236,897 May of 2009.  For more in Ann Arbor Market statistics, 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.  We are here to help you discover the best Ann Arbor has to offer.

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