Washtenaw County 1st Quarter Market Reports including Ann Arbor

1st Quarter Marketing Reports
Homes are selling in Ann Arbor and Washtenaw County, but they absolutely MUST be priced right. When I say, "priced right", I am not referring to market value. I am talking below market value. Buyers want a deal, a bargin. The average sale price throughout Washtenaw County is down to $205,400. When  I started my journey in Real Estate the average sale price was $269,900.  This is down 11% compared to March of 2007.

Throughout Washtenaw County there is a 14.8 month supply of homes on the market. The $1 milllion dollar price range is the hardest hit with a 5.75 years worth of inventory. The $100,000 to $ 199,999 homes are the strongest in Ann Arbor with only 11.4 months of inventory. Homes under $200,000. in Ann Arbor use to sell with muliple offers in days not months for a comparison.

The number of closings did increase my 3% from March 2007 to March 2008. Now that the worst year in history for snow in Michigan is over, I expect that to increase the next few months.

The best news of all is that the listings are down by 42%, since the first quarter in 2007. This is mainly due to the number of homes that came on the market with Pfizer moving in the first quarter as they announced in January of 2007.

Quartely Reports for Ann Arbor
Washtenaw County Quarterly reports
Quarterly Market Reports
Quarterly Market ReportsMarekt Reports
 
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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14 Comments on Washtenaw County 1st Quarter Market Reports including Ann Arbor

WOW Missy!!   I like the look of your report and also the information that it contains.  I have been looking at different ways to report statistics from my area.  You are definitely raising the bar.  I need to go back to the drawing board.  :-D

04/08/2008 04:51 PM by Huntsville Alabama Real Estate Agent, Kimberly Grant (Exit Leon Crawford Realty)

Oh Missy, I waited to see all this and have to ponder over the numbers.  Excellent service to both buyers & sellers (& your team).

04/08/2008 04:57 PM by Karen Moorhead Ann Arbor Area Real Estate (Keller Williams Realty)

Missy I am always refreshed by your absolute honesty.

I would think that any Seller in Ann Arbor should not go any where without you in there corner.

Sincerely

Tom Braatz

04/08/2008 05:43 PM by Tom Braatz, South Eastern Wisconsin (Tom Braatz)

Yay for you keeping your clients and residents informed! I printed mine today - just have to format and digest. Interesting to compare.     

04/08/2008 08:13 PM by Kim Wood REALTOR(R), PA (RE/MAX Main Line)

Missy,

Great new look.  I had to scroll a little bit to get your picture on the screen, but not too much.

04/08/2008 08:32 PM by Fran Gatti - Crescent City CA Real Estate (RE/MAX Coastal Redwoods)

Missy: This is great look. I love that everyone could read the report and gather their own information.

04/08/2008 09:32 PM by Donna Paul Dix Hills,Melville,Wheatley Hgts Homes (Keller Williams Realty Greater Nassau)

Missy--Great reports...Full of information for all counties and communities. Those looking to buy or sell in Ann Arbor know who is the real estate with the information!

04/08/2008 10:00 PM by Teri Eckholm, Realtor® Anoka County MN (Keller Williams Premier Realty)

Missy - Your marketplace will appreciate this informative report.  I too need to customize my site, thanks to Brad.

04/08/2008 10:58 PM by Jennifer Fivelsdal,ABR,GRI,SRES (Keller Williams Realty)

We are seeing similar activity in our area. Thanks for the info.

04/09/2008 05:48 AM by Terry Westbrook ~ Realtor(R) Grand Rapids Mi Real Estate Ada/Cascade (Five Star Real Estate, LLC Grand Rapids , MI)

Nice to see the steps forward in your area Missy!   (Especially the decrease in homes on the market)

04/09/2008 06:37 AM by Kris Wales- Metro Detroit real estate agent-Chesterfield Twp-Macomb County MI (RE/MAX Advantage 1, Inc.)

Missy excellent work in putting together your market report. If I may offer a suggestion...I would make the charts just a little bit bigger. The information is pretty difficult to read and I have decent eye sight at least I think so :)

04/09/2008 07:01 AM by Bill Gassett Metrowest Massachusetts Real Estate (RE/MAX Executive Realty)

Good idea Bill, I had to shrink them down and you still cant' read it all. If  I go smaller then you really can't read it. Any suggestions on how? 

04/09/2008 02:01 PM by Missy Caulk Ann Arbor Real Estate (Keller Williams Ann Arbor, Michigan)

Missy, The market reports look wonderful, I'm sure they were a lot of work. Glad to hear there's some improvement.

04/09/2008 03:32 PM by Carole Provenzale Owner, Feng Shui Long Island (Feng Shui Long Island)

Hi Missy I wish I knew how to help you on that. I don't have any experience with making charts - unfortunately :)

04/11/2008 10:27 AM by Bill Gassett Metrowest Massachusetts Real Estate (RE/MAX Executive 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

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A blog about real estate in Ann Arbor, Michigan and the surrounding area's of Saline, Dexter, Chelsea and Ypsilanti. Connect SF 2008 Blogarama - The Blog Directory View Missy Caulk's profile on LinkedIn

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