The Ann Arbor Area Board of Realtors released their monthly market reports today for August 2010.

Residential sales are up 8% from 2009.

Condo sales are up 35% from 2009.

As expected many folks bought in time to get the up to $8000.00 tax credit so the last two months have been somewhat slower but hey up is good. 

Here is the data by school districts in Washtenaw County for both Single Family Homes and Condos.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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Missy Caulk & Team can be reached at 734-216-2822 or email: Missy@MissyCaulk.com

Our TEAM of 6 buyer associates are available to help you relocate to Ann Arbor, Saline, Dexter, Chelsea, Milan, Ypsilanti Township, Clinton, Manchester, Whitmore Lake, or throughout Washtenaw County, MI.

 

• Free Home Evaluation

• Search the Ann Arbor Area MLS.

• Google Profile

• Market Reports in Real Time Updated Weekly

• Profit from Technology for Realtors and Lenders

Saline, Michigan Market Reports for Single Family Residence and Condo's.

You can sign up to receive these market reports on a monthly basis on Ann Arbor Real Estate Market Reports.

42 Homes were listed in Saline from March 1st to March 31st, 2010.

24 Homes sold in Saline between March 1st and March 31st, 2010.

Condos

8 Condo's were listed in Saline from March 1st to March 31st, 2010

4 Condos were sold in Saline between March 1st and March 31st, 2010.

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Missy Caulk & Team can be reached at 734-216-2822 or email: Missy@MissyCaulk.com

Our TEAM of 6 buyer associates are available to help you relocate to Ann Arbor, Saline, Dexter, Chelsea, Milan, Ypsilanti Township, Clinton, Manchester, Whitmore Lake, or throughout Washtenaw County, MI.

• Free Home Evaluation

The chart below is the average price vs the inventory for all zip codes in Ann Arbor, 48103,48104,48105,48108. If this is not what interests you, then you can sign up on the side bar and receive these reports on a monthly of weekly basis in your email. The charts are "live" which means they change on a weekly basis should you want to follow the trends. The first chart is for single family homes the second chart is for condo's. Search homes for sale in Ann Arbor ********************************************************************************

Missy Caulk & Team can be reached at 734-216-2822 or email: Missy@MissyCaulk.com

Our TEAM of 6 buyer associates are available to help you relocate to Ann Arbor, Saline, Dexter, Chelsea, Milan, Ypsilanti Township, Clinton, Manchester, Whitmore Lake, or throughout Washtenaw County, MI.

• Free Home Evaluation

• Search the Ann Arbor Area MLS.

• Google Profile

• Market Reports in Real Time Updated Weekly

• Profit from Technology for Realtors and Lenders

Saline, Michigan....average home prices and inventory for all of zip codes 48176. Search homes for sale in Saline. *********************************************************************

Missy Caulk & Team can be reached at 734-216-2822 or email: Missy@MissyCaulk.com

Our TEAM of 6 buyer associates are available to help you relocate to Ann Arbor, Saline, Dexter, Chelsea, Milan, Ypsilanti Township, Clinton, Manchester, Whitmore Lake, or throughout Washtenaw County, MI.

• Free Home Evaluation

• Search the Ann Arbor Area MLS.

• Google Profile

• Market Reports in Real Time Updated Weekly

• Profit from Technology for Realtors and Lenders

 

"You Snooze you Lose" if you are in the market to buy a foreclosure or short sale in the Ann Arbor Area market. Yesterday, I told my team "We are in a sellers market for foreclosure's and short sales."

Two weekends ago, I was in Norfolk, Va saying good-bye to my son who left for a 6 month cruise on the Dwight D. Eisenhower. While there I got a call from one of my Buyer Agents.

"Missy, I'm sorry I have to bother you, but I just tried to set up 5 showings for yesterday, they were all already under contract." "Is it that crazy out there?"

Yes it is

Another of my buyer agents has written 5 offers on 5 separate homes for her clients who just finished law school and are First Time Home-buyers. I said five and the homes were already gone.

Another buyer agent showed a home the evening of the day it came on the market. She called the listing agent and it was available with no offers. They saw the home that night, wrote $10,000.00 over asking price, that night. She submitted the offer and promptly got a call from the listing agent and was told they already had 3 offers and hers was in third place.

I'm not sure how it is in other parts of the country but that is what is happening in Ann Arbor and the surrounding area's in Washtenaw County. However, it just happened to my friend Fran Gatti in Crescent City, CA.

So we are back to a sellers market:

• Shortage of Inventory
• Multiple Offers
• Convincing Seller to offer over asking price 

I remember those days....

Having not experienced a sellers market in Ann Arbor Area since 2001, it is good to remember some of the challenges that came with a sellers market.

There has been a lot of discussion on who to blame for the downturn in the housing market with...Lenders, Appraisers and Realtors getting tossed into the mix.

But, let's not forget the buyers were grabbing up homes, and over-bidding on homes with multiple offers.

The demand created by the nature of a sellers market, and a shortage of inventory drove those prices up.

 

 

If you are a home-buyer in Ann Arbor and want to purchase a short-sale or forclosure in the Ann Arbor Area:

• Be prepard to look at the home the minute it hits the market.
  
• If you love the home, be willing to write the highest and best offer on the spot.
  
• Realize you will probably be competing with other home-buyers that want the same home. 

 

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Missy Caulk & Team can be reached at 734-216-2822 or email: Missy@MissyCaulk.com

Our TEAM of 6 buyer associates are available to help you relocate to Ann Arbor, Saline, Dexter, Chelsea, Milan, Ypsilanti Township, Clinton, Manchester, Whitmore Lake, or throughout Washtenaw County, MI.

Thinking of selling your home?

Free Home Evaluation

Search the Ann Arbor Area MLS.

Google Profile

Are home selling in Ann Arbor ?

Yes, actually the number of homes selling are up. Now the problem for sellers is the prices are down. Boo...........

If you want to see the charts go to Ann Arbor Real Estate Talk to see the graphs and charts, with year to date comparisons, the inventory and sales prices.

There will ALWAYS be a need for people to buy and sell. Right now, we are in a Buyers Market as are most states. So really all that means is that the buyers have more to choose from and those homes that are selling are in great condition. 

The forclosure's and short sales are still accounting for 1/2 of all the sales.

This is forcing home sellers who to lower their prices to stay competitive with the current market conditions.

The average price for home sales in Washtenaw County was $250.315.00 down almost 15.5% from September of 2007. What that means is on a home that would have sold for $300,00.00 in September of 2007, is now able to sell at a value of $245,000. Of course this is just an example as many home are selling for 3-5% under asking price.

Homes in Ann Arbor are typically selling closer to 5% under asking price. Homes in the outer county as we like to call it, like Saline, Dexter, Chelsea, Milan, Ypsilanti, Milan and Manchester figure into that average.

 

 See the September Charts at Ann Arbor Real Estate Talk.

The condo market in Ann Arbor saw less than a 1% decrease in prices for September 2008 from September 2007. Year to date condos' are down 8.5% in Ann Arbor.

The good news for condo buyers in Ann Arbor is that the inventory is also down by 32.75%. For the month of September the condo listings are down 24%. Less inventory on the market is a good thing.

Price your condo right, and be in excellent showing condition and your condo will sell. In Ann Arbor we have so many buyers that are attending school at the University of Michigan for only a few years that many chose to buy a condo so they can focus on school.

Average days on the market for condo sales in Washtenaw County is 91.

To see the graphs in detail, visit Ann Arbor Real Estate Talk.

You can begin you condo search at Search Ann Arbor Houses.