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January Market Update for Condo's in Ann Arbor and Washtenaw County

The condo market in Ann Arbor continues to have a large amount of inventory. Usually being in the college town of The University of Michigan our condo's have sold well. The list price was up by .5%, but the sales were down by 8.5% from January 2007.

In March the residents assigned to the University of Michigan will get their "match letters" and they tend to be big condo buyers. Why? They are too busy to do lawn care, snow removal and many are single and just starting out their careers.

Also many physicians need to be close to the University of Michigan Hospitals or St.Joe's Mercy Hospital. We get lots of calls telling us, "I have to be 5-10 minutes to the hospital". I have already had many hits on my web site, Search Ann Arbor Houses, where they say they are "considering" a move to Ann Arbor as a Resident and are just looking at what is available.

So we look forward to them relocating to Ann Arbor for the next 4 years!!

Condo List Price

Condo Average Sale Price

Condo Listings VS Sales

Posted by Missy Caulk Ann Arbor Real Estate on 02/20/2008 07:18 PM

Comments (4)

ann arbor, market reports, michigan, missy caulk, realtor, real estate

This post has been included in Michigan Information Washtenaw County, MI Information
Post is included in group: Michigan Realtors
Post is included in group: Michigan Real Estate
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4 Comments on January Market Update for Condo's in Ann Arbor and Washtenaw County

Missy

I love your reports and graphics, And will like to learn how to do it if you can share the source with me please. Thanks

02/20/2008 07:22 PM

by Maria Borci ABR-TRC-ASP Doral Kendall FL Real Estate (The Keyes Realtors Doral Office)

I work with a company in Ann Arbor called Big House Data. They do the graphs and the market reports for me monthly and quarterly. However, they only work in Ann Arbor right now. All the data is taken from the Ann Arbor MLS.

02/20/2008 07:33 PM

by Missy Caulk Ann Arbor Real Estate (Keller Williams Ann Arbor, Michigan)

Nice stats Missy. Thanks for sharing the reports. I'm sure consumers in your area appreciate it.

02/21/2008 05:12 AM

by Bradenton Florida Real Estate - Dan Forbes ( Masters Referral Services)

Missy - Great presentation and the type of information that your marketplace will appreciate.

02/21/2008 09:05 PM

by Jennifer Fivelsdal,ABR,GRI,SRES (Keller Williams Realty)

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Real Estate Agent: Missy Caulk Ann Arbor Real Estate (Keller Williams Ann Arbor, Michigan)

Missy Caulk Ann Arbor Real Estate
Ann Arbor, MI
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Keller Williams Ann Arbor, Michigan

Office Phone: (734) 821-0757
Cell Phone: (734) 216-2822
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A blog about real estate in Ann Arbor, Michigan and the surrounding area's of Saline, Dexter, Chelsea and Ypsilanti.

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