Ann Arbor-Washtenaw County Condo Reports March 2008

March Condo Reports
Just like the residential market in Ann Arbor, the condo market saw a reduction of the number of listings that came on the market in March by 47%.

The average sales price of condo's in Washtenaw County was $145,930. That is down over 28% since March of 2007. The number of closing is down 12%.

With both those things declining, sellers are noting that the lower priced condo's are selling faster. Buyers are very picky and with so many units on the market, they have a chance to be extremely picky. Sellers need to contantly be aware of the number that are selling and what the selling price is. It is advised that you consult with a professional Realtor who will keep you updated as to the changes on a monthly basis.

Data obtained my Big House Data LLC, in Ann Arbor, Mi from the Ann Arbor Board of Realtors.

march Condo Market in Ann Arbor
Condo market in Ann Arbor
Condo market in Washtenaw County





 
This post has been included in Michigan Information Washtenaw County, MI Information Ann Arbor, MI Information
Post is included in group: Michigan Realtors
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11 Comments on Ann Arbor-Washtenaw County Condo Reports March 2008

Missy,  What a lovely way to end a market report.  Nice touch!!

04/09/2008 05:43 PM by Marc Grossman, GRI - Central Florida Real Estate Specialist (Keller Williams Premier Realty)

Missy- What a clever and creative market report. I did not know you had condos up there. I thought that was a city thing. And how is everyone getting these backgrounds?

04/09/2008 07:32 PM by Nestor & Katerina Gasset, Realtors® Wellington Florida Luxury Homes (International Properties and Investments, Inc.)

Katerina, over on my side bar, under the phone numbers is a customizable link that Brad Carroll designed for Active Rain. It is easy !  Ann Arbor has tons of Condo's, quite a market for them with the University being here.

04/10/2008 06:07 AM by Missy Caulk Ann Arbor Real Estate (Keller Williams Ann Arbor, Michigan)

Now you are taking after me with all your graphs and visuals...pretty nice eh?

04/10/2008 06:21 AM by Neal Bloom-Realtor ® Assoc.-CRS-Weston FL (RE/MAX Premier Associates)

Missy have you had anyone get upset with you personally for publishing the reports and absorption rates?  I am undergoing this phenomenon right now and I'm just so confused by it.  Why wouldn't anyone want to know the truth?

04/10/2008 06:47 AM by Chris Elizabeth Griffith ~ Bonita Springs Fl Real Estate (Keller Williams Elite Realty, Bonita Springs, FL)

Missy,

Those people in Florida must think Ann Arbor is the country.  Yes we don't have high rises condos like Florida but we have some very beautiful condos.  Great marketing report.

04/10/2008 07:35 AM by Russ Ravary-- Michigan Homes for sale-- Your local Real estate & Mortgage person (Remerica Hometown One)

Great information and very useful for the consumer. We have similar activity here.

04/10/2008 08:20 AM by Terry Westbrook ~ Realtor(R) Grand Rapids Mi Real Estate Ada/Cascade (Five Star Real Estate, LLC Grand Rapids , MI)

Chris, no not yet, one consumer comment on personal blog that they needed to be bigger. Problem is if they are too big the data is off the page. 

04/10/2008 10:06 AM by Missy Caulk Ann Arbor Real Estate (Keller Williams Ann Arbor, Michigan)

Missy......did you get this one?

04/10/2008 02:31 PM by Bob Stewart - ActiveRain (ActiveRain)

Testing your comments again.......

04/10/2008 02:37 PM by Bob Stewart - ActiveRain (ActiveRain)

Hi Missy,

Lot's of good info on this report.

04/10/2008 11:55 PM by Orange Co. Real Estate~Lynda Eisenmann, Broker-Owner, Brea, CA (Preferred Home Brokers)

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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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