Ann Arbor Real Estate Luxury Market Report
Just a quick observation about the Ann Arbor luxury home market. 2010 saw 9 sales over $1,000,000 which was a 125% increase over 2009. Many of us thought that this was a sign that the high end would not be as affected as the rest of the market. People with money want what they want, and with Ann Arbor being a wealthy community, we all assumed the trend would continue.
It looks like we may have been a little optimistic, as I analyze what’s happened so far in 2011. So far this year, there have only been 4 Ann Arbor home sales over $1,000,000, with the highest sale being $1,075,000.
On the supply side there are 20 homes for sale over $1,000,000 with 2 under contract – both located in Ives Woods – one of Ann Arbor premier neighborhoods.
What are your thoughts on where the Ann Arbor luxury market is headed?
Copyright © 2012. Martin Bouma. All Rights Reserved.
[...] up on our instant notification system. To find out more about One North Main condos, or the nearby Ashley Terrace, Ashley Mews, or Liberty Lofts visit our Ann Arbor Real Estate website where you can see all local [...]
[...] up on our instant notification system. To find out more about One North Main condos, or the nearby Ashley Terrace, Ashley Mews, or Liberty Lofts visit our Ann Arbor Real Estate website where you can see all local [...]
[...] Ridge Subdivision is a prestigious community of Ann Arbor luxury homes. The setting is gorgeous, with large lots backing to woods, nature areas and ponds. There is [...]
[...] Ridge Subdivision is a prestigious community of Ann Arbor luxury homes. The setting is gorgeous, with large lots backing to woods, nature areas and ponds. There is [...]