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Marketing Report for Condo's in Ann Arbor and Washtenaw County

condo Average List price washtenaw County

condo Average sale price washtenaw County

Condo Average Days on Market

Average Days on the market condos in Ann Arbor was 105.

Average List price was $239,945, up 13.5% from April 2007.

Average Sales price for condos in Ann Arbor and Washtenaw County was $172,938.00 in April. This is down nearly 17.5% compared to April 2007.

April is the time of year when many U of M. Residents come to Ann Arbor and we have seen a number of condo's come off the market near the U of M. hospitals. There were 42% more closings on condos in April of 2008 than in April of last year.

Over all the condo market is still saturated, but with closings up 17% this is a help in reducing the amount of inventory.

You can begin you home search here at Search Ann Arbor Houses.

Missy Caulk & Team

734-216-2822

Posted by Missy Caulk-Ann Arbor- Realtor(R)- Ann Arbor Real Estate on 05/20/2008 10:26 AM

Comments (2)

market conditions, market data, condo market, ann arbor, washtenaw county

Originally posted at: Ann Arbor Undressed : Marketing Report for Condo's in Ann Arbor and Washtenaw County

This post has been included in Michigan Information Washtenaw County, MI Information
Post is included in group: Posts to Localism

2 Comments on Marketing Report for Condo's in Ann Arbor and Washtenaw County

MAY

2008

Missy. It appears that Ann Arbor is having a real estate boom in condo sales. DOM shorter and prices up. In a way, we have the same scenario in some areas, but the number of sales is still way down.

Missy, interesting data... list price is up and sales price is down. Are the listing agents and sellers not looking at your reports? Hmmm...

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