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April showers bring May flowers in Ann Arbor and a Brighter Market

RhianaK photo stream flickr April Showers The 1st day of May is here and it is chilly outside and it has been chilly in market too.

Last year from April 1st 2007 to April 30th, 2007, we had closed on 148 homes in Ann Arbor.

This April from April 1st to April 30th, 2008, we only closed on 29 homes in Ann Arbor. Now if that is not discouraging enough, of the 29 that sold, 9 were rentals and three were foreclosure's.

This is discouraging for home sellers who have a home to sell in either Saline or Ann Arbor.

If you include the entire MLS for the Ann Arbor Board of Realtors, this would include all the way from Brooklyn in Lenawee County to Brighton, down through Western Wayne County, there were 373 closings in 2007 in the month of April and only 82 for April 2008.

This means that out of the 1000 Realtors in Ann Arbor Area Board of Realtors, only 82 got a paycheck of any kind in the month of April.

The Missy Caulk TEAM had 9 of those closings in April, making us with about 11% of the total closings. Of the nine closing we had in April, three of the clients were referred to us, and six were buyers from the internet.

MewTate photo stream, Flickr May Flowers Now May is here and things are looking are brighter.

Homes for Sale in Ann Arbor

100 to 200K 255 homes 39 under contract

201 to 300K 341 homes 66 under contract

301 to 400K 161 homes 26 under contract

401 to 500K 81 homes 9 under contract

501 to 600K 47 homes 4 under contract

Over 600K 119 homes 11 under contract

Homes for Sale in Saline

100 to 200K 35 homes 9 under contract

201 to 300K 88 homes 11 under contract

301 to 400K 61 homes 7 under contract

401 to 500K 16 homes 1 under contract

Over 600K 32 homes 1 under contract

I believe our Spring Market is just getting under way, as you can tell by the amount of homes that are now under contract in Ann Arbor. After a wet, cold, rainy April, we are ready.

Begin your home search here.

Posted by Missy Caulk Ann Arbor Real Estate on 05/01/2008 02:05 PM

Comments (16)

market conditions, ann arbor, saline, mi

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16 Comments on April showers bring May flowers in Ann Arbor and a Brighter Market

Lenn, are you proud of me ?

05/01/2008 02:06 PM

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

I think she will be:-)

05/01/2008 02:13 PM

by Jason Sardi, Pennsylvania Mortgage Broker (First Choice Equity Group Inc.)

There is some serious google juice in this blog.

82 out of 1,000. Ugly...

Those numbers are not fun to look at. You can't spin those to look good no matter how hard you try. (Except for your 11% stat).

05/01/2008 02:20 PM

by Melina Tomson, M.S. Salem Oregon Real Estate Specialist (Tomson Burnham, llc)

Missy, Nice percentage of the market. Keep that up and you and your team will be flying this summer! Good report on your market. I'm off to generate one for my area.

Best,

Scott

05/01/2008 02:28 PM

by Scott Cowan -Tacoma & Pierce County Area (Rainier Real Estate, Inc.)

Missy, I thought I'd take this opportunity to let you know that your pages load very slowly. you did something that causes your page to take long to load. I think it has something to do with the background. I only started visiting your blog the last few days, so I don't know when this started.

I know that some of the bells and whistles seem like their fun, but they interfere with the content. I subscribed to your blog because I like what you have to say, not because I like your yellow background:-)

although the background is nice, very bright, colorful, etc :-)

05/01/2008 03:05 PM

by Peter Z. Nikic

Very interesting. You've got some market activity. 82 agents with a check out of 1000??? That leaves some hungry agents. Think some of them will get a job.

I'm proud of you for working so hard on the stats. I love the stats.

I'm proud of you for dumping some of the widgets so I can read the page. About all I could get before was a lot of pop-ups.

Which do you mean???

05/01/2008 03:46 PM

by Lenn Harley, Homefinders.com, MD & VA Real Estate

It speaks to the statistics in Real Estate - According to NAR 6% of the Realtors do 94% of the business. There is no 80/20 rule in Real Estate. It's nice to be in select company isn't it :)

05/01/2008 04:13 PM

by Bill Gassett Metrowest Massachusetts Real Estate (RE/MAX Executive Realty)

Missy, I'm glad to hear you're doing well....and maybe because it doesn't feel like Spring yet the buyers haven't really come out. I do believe it's imperitive to be able to be found easily on the Internet.

05/01/2008 05:28 PM

by Carole Provenzale Owner, Feng Shui Long Island (Feng Shui Long Island)

Peter, I have taken off so many, not sure it is the background but I will log on from someone elses tomorrow and see what happens.

Lenn, this one !

Carole, this has been a busy 2 months, but I hope Spring will continue to bring out the buyers. We only got to 63 today.

Bill, I am blessed. No kidding.

Melina, yes but this month is rocking.

05/01/2008 05:47 PM

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

Missy, I don't know it seemed a little quicker now. I hope you don't mind that I'm telling you? the simplicity of this site is one of its greatest assets (like google and craigslist)

05/01/2008 06:26 PM

by Peter Z. Nikic

Missy, I'm glad to hear those May flowers are starting to bloom for you.

05/01/2008 07:51 PM

by Marchel Peterson Spring TX Real Estate E-Pro ABR (Results Realty)

What a difference! Woohoo to all of you .....and of course beautiful spring weather!

05/01/2008 08:38 PM

by Celeste "SALLY" Cheeseman (RA), Hawaii Real Estate & Hawaii Relocation (Century 21 Liberty Homes -Mililani, Hawaii)

Missy - great job - love your work - always growing and learning - it's what makes you a great REALTOR and treasured friend!

05/01/2008 11:16 PM

by Clearwater Real Estate - Tampa Bay FL Homes & Condos for Sale- Cyndee Haydon (Belloise Realty)

Missy, Sorry for those April numbers, but encouraged for your market for the month of May.

05/02/2008 12:12 AM

by Fran Gatti - Crescent City CA Real Estate (RE/MAX Coastal Redwoods)

While I am saddened to read that so few homes closed in April, I am very excited to read that you and your team were part of a large percentage of them. That just goes to show how hard all of you work for your clients! Congrats to you Missy and your team.

05/02/2008 05:58 AM

by Kris Wales- Metro Detroit real estate agent-Chesterfield Twp-Macomb County MI (RE/MAX Advantage 1, Inc.)

Missy, looks like May should be better, could be due to this late spring weather?? It seemed like MI had a long winter this past season, at least to me. Glad to see your team was part of the April stats though.

05/02/2008 07:56 AM

by Mike Mitchell - REALTOR® - St. Clair Shores, MI (GMAC Real Estate The Kee Group)

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