Sale Prices Soar for Ann Arbor Condos When comparing Ann Arbor condo data year-to-date through August of 2016 to that of 2017, little has changed, except in one very important area. The number of new listings that came to the market was 552 in 2016 and 550 this year, basically the same, as with the […]
Positive Increases for Ann Arbor Real Estate The Ann Arbor Real Estate market has experienced a lot of positive increases. For the month of August, the average sale price of homes rose 13% to $438,370 from $388,986 last August. Year-to-date, we’ve seen an increase in the number of new listing entered, 1106 vs. 1087 this […]
What Experts are Saying About Future Home Prices Today, many real estate conversations center on home prices and where they may be headed. That is why we like the Home Price Expectation Survey. Every quarter, Pulsenomics surveys a nationwide panel of over one hundred economists, real estate experts, and investment & market strategists about where they believe prices […]
Home Inventory Still a Struggle for Buyers First-time home buyers are flocking to the real estate market by the thousands to find the perfect homes in order to make their dreams of homeownership a reality. Unfortunately for many, the inventory of starter and trade-up homes in the US has struggled to keep up with demand! […]
Ann Arbor Condo Market Update Ann Arbor Condos remain in a seller’s market with a 3.4 month supply of listings at the end of the second quarter of 2017. In fact, it has been a seller’s market since May of 2013 when it was briefly a balanced market. The trend has been that May has […]
Ann Arbor Real Estate Update As the second quarter comes to an end, Ann Arbor Real Estate is in a seller’s market with a 4.5 month supply of homes overall. The number of listings is at it’s highest for the year with 494 homes for sale, but demand remains high and more than half of […]
Now is the Time to Sell Your Home! If you’ve thought about selling your home this year, now more than ever may be the time to do it! The inventory of homes for sale is well below historic norms and buyer demand is skyrocketing. We were still in high school when we learned the concept […]
Georgetown Commons Condo Report – July 2017 There are currently 2 units listed for sale at Georgetown Commons and so far this year, 3 have sold. Condos for Sale: $146,500. 2637 Fenwick Court, Ann Arbor. 987 square feet with 3 bedrooms and 1 bath. $131,800. 2729 Winthrop Court, Ann Arbor. 820 square feet with 2 […]
3 Home Selling Prep Essentials You’ve got to start somewhere when preparing your home to sell, but it’s not where you would think. Before jumping right into cleaning, decluttering, staging, and marketing, take some time to review. Having a solid understanding of the real estate market and the home selling process is essential for a […]
Are Home Prices Approaching Bubble Territory? As home prices continue to rise, some are questioning whether we are approaching another housing bubble. Zillow just reported that: National home values have surpassed the peak hit during the housing bubble and are at their highest value in more than a decade.” Though that statement is correct, we […]
