The Dexter luxury Real Estate market synopsis follows.  As of February, there are 33 active homes for sale above $500,000: RES 2-Photo View (MLX).  The average list price per square feet is $218.12.  The average square feet of these Dexter, Michigan homes is 3,772 with average list price is $757,893.  There is one pending home 5920 JOY. 

Note there are 36 withdrawn and 12 expired listings.  The withdrawn listings have a list price per square feet of $194.21.  The expired listing price per square feet is $189.88.  Both of these segments show a gap from the average sold price per square feet of $177.29.

The 4 sold homes range in bedrooms from 4 or 5 and baths from 2 to 5.  The most recent sold homes are mapped below. The average sold price per square feet of these sold homes is $177.29.  These homes sold since 10/1/09.  The average list price to sold price of these homes is 86 percent.

Sellers will sell when the supply of Dexter luxury homes reduces and asking prices adjust to the market.  I urge my clients to compare their home to the competition and choose a competitive price and impeccable condition.  Over the last 12 months 8 homes have sold in this category 8/12 =.66.  (34-8)/.66=39 months or 39/12 =3.3 years of supply of homes in Dexter luxury homes for sale.  Pricing the home so it the best value is where you need to be if you want to sell.  Look at the data with regard to square feet detail, and other amenities to beat the competitors.  Remember it is a price war and beauty contest.  The good news, once you have the data, the choice is up to you. Consult with the Ann Arbor Area Real Estate Experts for the latest statistics.

Westridge subdivision in Dexter, MI is a perfect opportunity for buyers to snap up a fabulous home at a stunning price – in the low $200-$300,000 range or less! Imagine having a new home constructed.

The development, located north of downtown Dexter is 70% complete, contains 223 homesites – at present, this means that FHA financing is not available, contact us for the latest information – and is in Dexter Schools which are some of the best in the county, state and country. You can click here to view a video on Dexter Schools. Westridge development is convenient for both Dexter itself and Ann Arbor.

There is a wide selection of homes for sale/available for construction in the area, which is a particularly good place to raise a family due to the schools and amenities surrounding the community. The Westridge community association Master Documents can be viewed as a PDF here.

In fact, we wrote about a great property for sale in the Westridge, Dexter neighborhood not so long ago. You can read more about this four bedroom Westridge property here.

As for the Real Estate market in Westridge sub in Dexter, the above chart shows a small decline in Price per Square Foot over the last two years, which is better than many communities. – click here to see this chart in PDF format.

All in all, this community is a great choice for many people and it has a selection of home models in Westridge which can be constructed. Please contact us for more information!

See an aerial shot of the development:

Click here to search Ann Arbor Real Estate using our complimentary Ann Arbor Real Estate MLS Search service. Alternatively please contact Kathy Toth and Team – Ann Arbor Area Real Estate Experts if you need more specific assistance in your Ann Arbor Real Estate needs.

                                Kathy Toth and Team         www.KathyToth.com     Keller Williams Realty 

Dexter, Michigan Real Estate Results For 2009 Shows 9 Months of Homes Available for Sale

Dexter residential supply is now about 9 months at the end of 2009.  It would take about 9 months for all the homes to sell if no other homes came on the market. Anything over 7 months supply is a buyers market.

The Supply and Demand (#Units FS, S0ld) chart shows December 2008 compared to December 2009, the number of homes listed for sale are up 19 percent and the number of units sold are down 33 percent. The annual trend lines show the number of homes offered for sale increased and number of Dexter sales remained pretty flat.

Below, Median Price (FS, Sold) December 08′ vs. December 09′, the sellers asking list prices were stable and median sold prices increased by 8 percent. The annual trend lines indicates flat asking prices and slight downward motion in median sales prices.

The trend line charted by Affinity Valuations, Inc indicates slightly decling average sale price per square feet  but is remaining above $100.oo per squar foot in Dexter Real Estate through the last 12 months.

We are selling homes and are happy to provide you with data to make informed choices. So far 186 homes have sold in the last 12 months, from 2 bedrooms to 6, and from 1 baths to 5 and the average sold price per square foot is now $107.37 up from $105.40. The highest sold price was $1,400,000 with lowest at $38,000. The average list price to sales price was 95 percent.

Currently there are 152 Dexter homes for sale ranging in price from $44,900 to $1,499,000 . See what others say about our Dexter Real Estate services.

Since we actually sell more homes in Dexter than any other agent, we are acutely aware of homes that have languished on the market and like the US have watched the number of homes that have sold as foreclosures increase.  Banks  are hiring us to sell foreclosures.  We know about these long before they come on the market. so if you want inisde info, call us.

See tour of Dexter by clicking on picture right below. Related posts:

Dexter House Hunters Video
What is selling in Dexter, Michigan?
For detail on recent Dexter real estate market data.

For inside tours, calendars, web sites and data base on Dexter and Washtenaw Schools, click here.

Dexter prices went down in September and residential supply is now 13 months. It would take about 13 months for all the homes to sell if no other homes came on the market. Anything over 7 months supply is a buyers market.

The chart shows November 2008 compared to November 2009, the number of homes listed for sale are up 18 percent and the number of units sold are the same.

Below, November 08′ vs. November 09′, the sellers asking list prices were down 2 percent and sold prices declined by 25%.

Dexter Real Estate

We are selling homes and are happy to provide you with data to make informed choices. So far 183 homes have sold in the last 12 months, from 2 bedrooms to 6, and from 1 baths to 5 and the average sold price per square foot is now $105.40 up from $104.70. The highest sold price is $1,400,000 with lowest at $40,000. The average list price to sales price of 95 percent.

Currently there are 215 down from 235 Dexter homes for sale ranging in price from $38,000 to $1,899,500 . See what others say about our Dexter Real Estate services.

Since we actually sell more homes in Dexter than any other agent, we are acutely aware of homes that have languished on the market and like the US have watched the number of homes that have sold as foreclosures increase.

See tour of Dexter by clicking on picture right below. Related posts:

Dexter House Hunters Video
What is selling in Dexter, Michigan?
For detail on recent Dexter real estate market data.

For inside tours, calendars, web sites and data base on Dexter and Washtenaw Schools, click here.

Prices are down and months supply is down from 13 to 12 months. Based on information supplied by the Ann Arbor Board of Realtors, the Dexter residential supply of homes is at one year. It would take about 12 months for all the homes to sell if no other homes came on the market. Supply has increased since January’s 9 months, which is typical for our seasonal market. Anything over 7 months supply is a buyers market.

The chart above shows August 08 compared to August 09, the number of homes for sale are down by 2% and the number of units sold are down by 55%. The trend line indicates stable supply and we of course would LOVE to see this shrink.

Above, August 08 vs. August 09, the listing prices increased by 3% and prices declined by 13%. Trend lines show declinng prices last year.

Below is the chart which graphs the Dexter, Michigan active homes compared to sold homes and sold prices compared to listing prices since September 2006 through August 2009. The yellow line is the sold and you can see how volatile it is and the overall downward trend sine 2006. Note the last 2 previous months prices had risen.

We are selling homes and are happy to provide you with data to make informed choices. So far 119 homes have sold, from 6 bedrooms to 2, and from 5 baths to 1 and the average sold price per square foot is $108.44 up from $103.51 in July. The highest sold price is $1,400,000. Currently there are 245 homes down from 257 Dexter homes for sale ranging in price from $1,899,500 to $38,000. See what others say about our Dexter Real Estate services. Since we actually sell more homes in Dexter than any other agent, we are acutley aware of homes that have languished on the market and like the US have watched the number of homes that have sold as foreclosures increase.

See tour of Dexter by clicking on picture right below. Related posts:

Dexter House Hunters Video
What is selling in Dexter, Michigan?
For detail on recent Dexter real estate market data.

For inside tours, calendars, web sites and data base on Dexter and Washtenaw Schools, click here.

The Dexter Real Estate Market still shows an abundance of inventory.  These charts show the difference between the number of homes listed in a price range and the number of sales in that price range.  For all price brackets, there are more listings than sales in June. For July, the $600-650K had more sales, and the $1milion – $2million had equal listings and sales. That can happen because the house was under contract from a previous listing.  See the charts for Dexter Real Estate June and July 2009 Price Distribution. 

Both charts indicate that the segment of the market that is selling are those homes under $200,000.  In July, and June, this lower end market accounts for a predominant market share.   For more detail on Dexter Real Estate, we have and will be posting more Dexter Real Estate absorption data derived from the Ann Arbor Board of REALTORS®.

Click here to search all listings in Michigan with pictures and tours – FREE!

Click here to search all Ann Arbor area Michigan homes
and condos with pictures and tours – FREE!

Kathy Toth and Team

www.KathyToth.com

Keller Williams Realty

We are selling homes and are happy to provide you with data to make informed choices.  See what others

say about our Dexter Real Estate services.

Related posts:

What is selling in Dexter, Michigan?

What are the Real Estate Market Trends in Dexter, MI?

Dexter, MI Library

The Dexter real estate market is a sub set of the Ann Arbor Area Board of Realtors® in Washtenaw County. Below are some graphs on what has been happening in the last 12 months comparing trend lines and June 08 to June 09 data. Yesterday all the homes sold year to date were posted.

Click here to see our post yesterday about the Dexter Real Estate Market and its sold listings.

The first chart shows the trend line is up over the last year. While over all supply is less, sold homes are commensurately lower this June compared to last June. Time on market is about 15 months. That means if no more homes come on the market it would take over a year for them to sell.

The next chart shows Dexter homes sold in June were down 41% AND for sale (listed) homes were down 11% so inventory is somewhat stable or slightly trending down.

The next chart shows median prices. Here we look at the prices of the Dexter homes for sale compared to sold homes. Again in thousands of dollars, there is a relatively flat trend line for listing prices over the last year and sold prices trend down slightly. Home sold prices from June 08 vs. June 09 were down 12 percent.

We continue to battle underwriters and appraisers to keep deals together even after we bring ready willing able buyers and sellers together. Now more than ever REALTOR® experience plays a major part in gluing deals through closing.