Market reports for all of Washtenaw County were released yesterday for the month of Sept 09 and comparing it to Sept. 09.
Overall, condo's sales were up by 53%. Now that is huge.
Residential sales were up by 8%.
The charts below show you the different area's by school districts. In the Ann Arbor Area we search all homes by school district.
The average sale price was down by about 40,000.00, so the homes are selling but at lower prices. A small percentage of homes sold 20% above asking price and I attribute that to the foreclosures that are getting multiple offers and sellers looking to purchase a foreclosed home need to be prepared to bid over asking price.
I received a call today from an appraiser who was asking about the condition of my short sale on Briarbrook. He told me he was having a hard time finding any normal sales out in Ypsilanti or Ypsilanti Township. That is sad, and if the house the buyers buying in my subdivision where this home is located, doesn't appraise they will not be able to purchase.
We need more normal at market value homes to sell. The foreclosures are dragging the market down. This in turn will create more negative equity for homeowners.
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Missy Caulk & Team can be reached at 734-216-2822 or email: Missy@MissyCaulk.com
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Missy Caulk & Team can be reached at 734-926-9797 or email: Missy@MissyCaulk.com
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