Washtenaw County Real Estate Values Steady
Real Estate values for Washtenaw County school districts have leveled out, in general, as the 2012 market begins. All areas saw a sharp decline in the average price per square foot beginning in 2005, and most saw the bottom in 2009. Since the lows of ’09, the price per square foot has started to slightly rise in some areas and slightly fall in others.
The Saline real estate, Dexter real estate, Chelsea real estate, and Milan real estate markets all saw an increase in the average price per square foot for homes sold from 2010-2011. The Ypsilanti, Willow Run, and Lincoln real estate markets all saw a rise in the price per square foot from 2009-2010, but then showed a slight decline from 2010-2011. These markets, including Milan, had a much larger decrease in the A$/SF beginning in 2005 and have farther to go to recover to the higher prices of the early 2000’s.
The Ann Arbor real estate market has followed the same trend of declining prices, but for Ann Arbor condos the decline began in 2006. Now, as you can see in the above graph, residential prices are leveled out and are beginning to rise, while condo prices rose in 2010 and fell slightly in 2011.
What does this mean to a Washtenaw County home buyer? Now is a great time to make a real estate purchase! Interest rates are the lowest they’ve ever been making your purchase power even stronger. Don’t wait for prices to rise and miss this great home buying opportunity. Call The Bouma Group, Ann Arbor Real Estate specialists today at 734-761-3060 or email@example.com to learn more about price trends in Washtenaw County and what they can do to help you find that perfect home or condo. And why not begin now? Click here to search the Washtenaw County and Ann Arbor MLS!