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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

Posted by Missy Caulk-Ann Arbor- Realtor(R)- Ann Arbor Real Estate on 04/08/2008 04:48 PM

Comments (14)

market reports, ann arbor, washtenaw county

Originally posted at: Ann Arbor Undressed : Washtenaw County 1st Quarter Market Reports including Ann Arbor

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14 Comments on Washtenaw County 1st Quarter Market Reports including Ann Arbor

APR

2008

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

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

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

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

Missy,

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

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

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!

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

APR

2008

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

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

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 :)