Ann Arbor Sold Prices By Schools: Market Bottom?

Our Ann Arbor Real Estate market had some surprises one of them was that the highest sold price per square feet was in Angell school district with Burns Park in second place for 2009 and 2010.   Refer to chart below.  Bach elementary school was third with sold price per square feet of $178 in 2009 and $174 in 2010. More on Ann Arbor Market Statistics, here. 

With improving economy, the bottom is here.  Washtenaw County’s unemployment rate slipped from 8.4 percent in September to 7.8 percent in October, DELEG reported.  That marks the lowest point since April 2009, when the rate stood at 7.6 percent.  Now we need to look carefully at what will happen to interest rates. For a $100,000 loan amount, a one percent increase in rate can affect the purchase power by $11,000. Now a 30-year mortgage rate is averaging 4.85%.  Talk to us about reputable lenders.  We don’t want you to have any surprises!

We are here to help you evaluate your particular Ann Arbor situation.

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