Toth Team Worldwide Network Welcomes Wendy Cline, Listing Transaction Coordinator to Provide Top Notch Customer Service

Toth Team Worldwide Network of REALTORS® announced the addition of a new member, Wendy Cline, to the Ann Arbor Area Real Estate Experts team. Wendy is an enthusiastic person, that is new to the area, but not to the real estate industry.” said CEO Kathy Toth. “Her can-do attitude and customer service skills will serve our clients well. .”

Wendy Cline is the new Listing Transaction Coordinator for the Kathy Toth Team.  Wendy was born in Ann Arbor and has recently moved back to the area after living in Texas for many years.  While in Texas, she was in corporate international sales as well as a Realtor for 10 years.  Wendy believes that providing the best customer service possible is her number one priority.  In her personal time, Wendy enjoys training and competing in K-9 sports with her German Shepherd Dog, Andie.  She has one grown son that is married.

For over 30 years, Toth Team Worldwide Network has served South Eastern Michigan including Washtenaw, Livingston, Oakland, Lenawee, Jackson and Wayne Counties, including clients in Dexter, Ann Arbor, Chelsea and Saline.

Today, Toth Team Worldwide Network has global aspirations and a growth strategy to meet the modern needs of clients around the world.

Toth Team Worldwide Network is among the top one percent of REALTORS® nationally. They have been featured on House Hunters HGTV, and are proud to be endorsed by country sensation Gary LeVox of Rascal Flats as well as the only trusted agent endorsed by local celebrity Martin Bandyke on radio 107.1, and the exclusive real estate agent for 102.9 W4Country.

Toth Team Worldwide Network exceeds client expectations while delivering top performance in the purchase or sale of residential real estate worldwide. To learn more, please visit www.KathyToth.com, email info@kathytoth.com.

Jen Sutch Joins Kathy Toth Team of Keller Williams Realty

Kathy Toth and Team REALTORS® welcome Jen Sutch to the Ann Arbor Area Real Estate Experts team as a Buyers’ Agent.  “Jen’s local knowledge and education background make her your greatest buyer advocate,” Toth said.

“I am very excited about this phenomenal opportunity to marry my 20+ years of experience and service in Higher Education, as a financial service guru with being a Buyer’s Agent. I look forward to continuing to offer our clients hands on approach. Helping others achieve their goals, fits well in delivering premiere service for our Ann Arbor Area Buyer clients. “Whether it is a first home purchase or it is just time for a change, I’m thrilled to be joining such a well-regarded and fantastic organization as Kathy Toth & Team, REALTORS® of KW”, said Sutch.

Jennifer and her husband, Rob, live in Chelsea with their three kids, one dog and two cats.  They have made their home in Chelsea for 13 years and Rob, a chef at University of Michigan, roots for his favorite sports team the Wolverines.

Kathy Toth & Team REALTORS® have several open positions for those considering a career in Real Estate or a career move to Keller Williams
Realty.  Details are continually updated at http://www.KathyToth.com/career-opportunities/

Kathy Toth and Team have been serving Washtenaw County real estate including Dexter, Ann Arbor, Chelsea and Saline clients for over 20 years. They are among the top one percent of REALTORS® nationally and have been featured twice on House Hunters HGTV. Kathy works directly with listing and buyer representative partners towards exceeding her client’s expectations while meeting their real estate purchase or sale objectives.
Kathy is an Associate Broker, Accredited Seller Representative, Certified Distressed Property Expert, and Certified Commercial Investment Member Candidate. To experience their website and to learn more about the team, please visit www.KathyToth.com, email info@kathytoth.com, or stop into their office at 3134 Baker Road, Dexter, Michigan.

Saline Area Reports Sellers Market

 Current Saline Real Estate Market Data, click here.  Saline is in a Sellers market.

Saline

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The recent history of sales can be seen in the two charts above. The median sold price for the last 30 days was $262,500 with a DOM of 53 days. Since the recent DOM is greater than the median DOM for the last 6 months, it is a negative indicator for demand. It is always important to realize that real estate markets can fluctuate due to many factors, including shifting interest rates, the economy, or seasonal changes.

Looking at the chart below, you might be wondering why average days on market (DOM) is important. This is a useful measurement because it can help us to determine whether we are in a buyer’s market (indicated by high DOM), or a seller’s market (indicated by low DOM). Active listings (properties for sale) have been on the market for a median time of 87 days. Analysis of sold properties for the last six months reveals a median sold price of $272,500 and 41 days on market. Notice that properties in the $600,000 – $700,000 price range have sold quickest over the last six months.

Saline Graph

Search for Homes for FREE in Saline at HomeSearchAnnArbor.com

Breconshire Condos  |  Brookview Highlands Lodi/Pittsfield  |  Centennial Farms  |  Centennial Park  | Crestwood Knolls  |  Crooked Stick at Stonebridge  |  Doral Creek at Stonebridge  |  Forest Trails Neighborhood |  Golden Acres Subdivision  |  Harwood Farms Subdivision  | Hi-View Subdivision | Highpointe Villas in Stonebridge  |  Lohr Lake Village  |  Mallard Cove Neighborhood  |  Regents Park  | Silo Ridge Subdivision  |   The Links at Stonebridge  |  The Vineyards of Sha Estates  | Timberview Acres Subdivision  |  Twin Islands at Stonebridge Condominiums  |  Warner Creek Subdivision

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Contact the Toth Team at www.KathyToth.com

Chelsea Area Market Report Over the Last 6 Months

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Chelsea number of listings for Sale Vs. Pending Contract in Chelsea

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Let’s take a look at the real estate market.

Currently there are 8 Chelsea home sales pending in the market overall, leaving 97 listings still for sale. The resulting pending ratio is 7.6% (8 divided by 105). So you might be asking yourself, that’s great… but what exactly does it mean? I’m glad you asked!

The pending ratio indicates the supply & demand of the Chelsea Real Estate market. Specifically, a high ratio means that homes are selling and quickly going to contract. Alternatively, a low ratio means there are not enough qualified buyers for the existing supply. “Current inventory is described as somewhat slow.”

Taking a closer look, we notice that the $0 – $100,00 price range has a relatively large number of contracts pending sale. We also notice that the $200,000 – $300,000 price range has a relatively large number of Chelsea homes for sale at 32 listings. The median list price (or asking price) for all properties in this market is $249,900. A total of 118 Chelsea homes have closed in the last 6 months with a median sold price of $184,500. Breaking it down, we notice that the $100,000 – $200,000 price range contains the highest number of sold Chelsea homes.

Search for Chelsea homes with our Free Online Search Engine HomeSearchAnnArbor.com. Put it on  your mobile phone!  Look, we are working during the Holidays, call us 734-669-0337.

Explore Chelsea:  Purple Rose Theatre  |  The Common Grill  |  Chelsea Center for the Arts  |  Chelsea Center for the Arts  |  Chelsea Clock Tower  |  Chelsea Teddy Bear Company  |  Chelsea Community Tour  |  Ellie’s Chocolate Cafe  |  Glee Cake and Pastry  | Silver Maples Community  |  Zou Zou’s Cafe

“Like” Us on Facebook  |  ”Follow” Us on Twitter   |  Find Me on LinkedIn   |  Pin our Pics on Pintrest  | View My Google+ Profile   | Read Our Blog at AnnArborTalks.com  |  Watch Our Videos

Kathy Toth and Team, Keller Williams Realty.  Visit us on the web at www.KathyToth.com

How Do I Find the Right Real Estate Agent For Me?

Kathy Toth and Team | Keller Williams Realty Ann Arbor Market Center | 734.426.6669

I got this question the other day and wanted to share it with you. “How do I find the right real estate agent for me?”  Here’s my response:

1.  When searching for a real estate agent, it’s important to find one who appreciates and understands the type of transactions you will engage. When approaching potential agents, explain to them that if you are an investor, your business model is based on a high number of transactions closing on a yearly basis or if you are buyng one home that you will need personalized attention.

2.  It is important to find an agent that has the right mindset to work on all types of transactions. If an agent does not understand financing and investing, you will most likely have issues working with this agent in the future. It will be critical to find high energy, open-minded people who are interested in learning or experiencing different aspects of real estate.

3.  When hiring an agent to represent you in a transaction, consider that you’re going to use their knowledge of the real estate market. It is their skill and experience that will benefit you and the goals of transactions in your business.

4.  Of all the homes they list, what percent sell?

5.  What are homes selling for in the market compared to their results ( LP/SP ratio).

6.  How many days on market do their sales take vs. the average?

7.  Be sure to spend some time discussing your goals and expectations with the agent. The more they can learn about your process, system, timing you wish to focus on, the faster they can provide you with opportunities to review and or place offers.

To summarize, having an excellent real estate expert on your team can benefit your real estate business significantly. The more they understand your business, the better they can support its growth and your ability to earn a substantial income in this market.  There is no replacement for an excellent reputation and experience. This is priceless!

For your current and the most comprehensive Ann Arbor Area Real Estate market information including absorption rates for Ann Arbor, Chelsea, Dexter and Saline click here  .  Keep up-to-date on your local neighborhood and have the report sent directly to your email inbox.

Search homes in Ann Arbor and the surrounding Washtenaw County area  and call us as we often know about properties before they are listed.  Search here to find foreclosure deals in the area.

Let the Ann Arbor Real Estate Experts |(734) 426-6669  |  We are here to help you achieve your Ann Arbor, Chelsea, Dexter, and Saline Real Estate goals.

Kathy Toth and Team, Keller Williams Realty

Number of Homes for Sale Down in Dexter Real Estate

Dexter Median Days on MarketThe Dexter Real Estate Market Report for inventory over the last 6 months has many of the same indicators as the Ann Arbor real estate market.

In the $200K to $300K price range there were 54 Active homes on the market  with the Median list price of $249,900 and approximately 40 median days of inventory on the market. There were 42 homes sold in this price range with a median sale price of $244,000.  The absorption rate of Dexter homes falls at 7.7 months of inventory approximately.

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The absorption rate is a leading indicator showing sellers the approximate months of inventory that is available on the market.  With 7.7 months of inventory the heat index shows us that this is middle ground for both buyers and sellers of Dexter homes.  Absorption Rate estimates how long it would take to sell off the current inventory of properties if all conditions remained the same.  Read the Dexter Real Estate Report in full to keep informed about your local Dexter market.  Find out what your neighbors home sold for.

Now look at what happens if you are a Seller or Buyer in a price range of $100K  to $200K.  There were fewer homes listed totaling 22  out of the 186 Active Listings with an average list price of $175,395 and there were 44 listings sold out of 140 Closed properties averaging 77 days on the market with an average sold price of $157,813.  The absorption rate moved in a direction favoring a Seller’s market vs. a Buyer’s market.  So, if you have a home in this price range in Dexter, this is the time to list your home.  We have bidding wars on the Dexter homes that are in perfect condition and priced properly.  We know how many showings you should be getting and guide you on the market conditions.  Your motivation determines your selling course.

Following the heat index, at the bottom of the chart below, the absorption rates shows that the Dexter Real Estate Market is running mild to cool  with 8 months of inventory favoring both Buyers and Sellers on average.  However, in the price range of $400K – $900K the Dexter Real Estate Market favors the Buyers.  There were 52 homes on the market and  17 homes sold.  

To search for listed properties in the Dexter area go to HomeSearchAnnArbor.com.

Kathy Toth and Team | Keller Williams Market Center | Ann Arbor or call 734.426.6669

Chelsea Real Estate Market Inventory Down – 8.7 Months Supply

Chelsea, Michigan Clock Tower
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The Chelsea Real Estate Market Report  provides Buyers and Sellers with more than just statistics – The report provides direction as to where the Chelsea real estate market is currently.  This report breaks down Days on Market in smaller market segments.  The information in this report tells buyers whether inventory is high or low depending on their particular bracket and whether this is a good time to put your house on the market and likewise a good time to purchase a new home.

For instance – Absorption Rate is an interesting statistic that indicates to buyers and sellers whether the real estate market is giving way to a buyer’s or seller’s market.  To derive the Absorption Rate you only need 2 numbers.  How many active Chelsea homes  (homes currently for sale) and the total number of homes that have sold over a specific period of time. You can also break this down into brackets.  For our example I will be using the bracket of $150K – $200K to come up with the Absorption Rate for Chelsea homes in that price range.

To calculate the Absorption Rate – start by calculating the average sales per month.  Our bracket had 23 Sales divided by 6 months of data giving us 3.83.  Now divide the total number of active listings, which is 32 in our bracket, by 3.83 (the average number of sold properties) and you will get the absorption rate which is 8.35.  Remember these are just approximate months of inventory that we are determining considering all data remains constant.

By placing the Chelsea Absorption Rate into a heat index, located along the right hand side of the chart below for each bracket gives us the absorption rate of every segment  of the inventory.  The color Red indicates a favorable Selling Market and Blue indicates a Buyers Market.    To read the complete  report and see a larger image of the chart below go to the August Issue of the  Chelsea Real Estate Market Report.

The $150K – $200K bracket leads the way with Active Homes @ 32 with a median of 77 days on market (DOM) with a median list price of $174,950.   Advancing over in this bracket out of the 95 properties that sold in Chelsea over the past 6 months  23 properties sold in this bracket with a median price of $174,000 and 63 DOM.  The absorption rate  (approximate months of inventory) shows 8.3 months of supply.  If no other homes came on the market, it would take8.3 months for all of those homes to sell.  The  8.3 months is cool to mild.  Keeping in mind that moving toward the Blue color indicates a Buyers Market and moving toward the Red favors a Sellers market.

Looking at Chelsea as a whole the absorption rate indicates favorable market for both buyers and sellers.  The $200K – 250K bracket is the only segment leaning toward the Seller’s Market.  Properties in the $400K – $450K price range have sold quickest over the last six months.

Buyers – this is a terrific time to purchase a home in the Chelsea, MI real estate market,.  The heat index indicators are showing yellow to blue which is great for buyers and interest rates are presently at an all time low. This is a perfect time to buy.

Chelsea Real Estate Market Report
Chelsea Real Estate Market Report

The Chelsea Absorption rate is 8.7 months. Call the Toth Team  at 734.426.6669 and set up an appointment to go over the home buying process or to determine the right time to list your home.  To search for homes currently on the market – for free – go to www.HomeSearchAnnArbor.com.  You can search using your smart phone.

Ann Arbor Real Estate is Trending Up in 2012 as Good News Continues to Spread

Great News again in the Ann Arbor real estate market.  The Trend in Linear Average Sale Price per Square Foot is Up in 2012.  The number of homes sold in July over the last 3 years is up.  And the sales price trend is up for single family homes sold in Ann Arbor.  Do you want to know what your home is worth

Click the Chart Below to View a Larger Image

July 2010-2012 Ann Arbor combined

Search for homes in Ann Arbor and the surrounding area at  www.HomeSearchAnnarbor.com

Search here to find foreclosure deals in the area with your Ann Arbor Real Estate Experts.

Tour our featured listings!

Call the Ann Arbor Real Estate Experts at (734) 426-6669.  We are here to help you achieve your Ann Arbor, Chelsea, Dexter, and Saline Real Estate goals.

Get your copy of our Short Sale Book.

Kathy Toth and Team, Keller Williams Realty

The Michigan Union on The U of M Campus in Ann Arbor is Steeped in History

Kathy Toth and Team, Keller Williams Market Center, Ann Arbor, MI  734.426.6669 – The University of Michigan Student Union.

The U of M Historic Michigan Union is Steeped in History.

Take a stroll through the historic Michigan Union Located at 530 S. State Street on Central Campus in Ann Arbor, Michigan.

In 1904 the Michigan Union began with a meeting held at the Waterman Gymnasium with over 1100 students in attendance to form an “all inclusive organization” promoting unity for the men on campus. As the organization grew, the University of Michigan Union founders acquired a new location on S. State Street in Ann Arbor and in 1907 opened the Clubhouse in the remodeled residence of Judge Thomas M. Cooley, a longstanding member of the University of Michigan law faculty.  The organization grew so quickly, and again they needed a larger facility.  Plans were designed to tear down the Cooley house, their present location, and build right there rather than relocate.  In 1916 groundbreaking took place and the new Michigan Union officially opened in 1919.  See before and after photos of the Building and History of the Michigan Union.

Over the years there have been many additions, expansions and rule changes to the organization and to the building which keep the Michigan Union a vibrant location for education, study, entertainment, and camaraderie to this very day.  To read more about the history of The Michigan Union, get a copy of the book “The Michigan Union: 1904-2004 – 100 Years of Student Life.” By Jeffrey M. Rowe.

      

Here are a few interesting facts about the Union.  For instance, did you know that there was a swimming pool and a bowling alley in the Union at one time?  They were located under the present bookstore.  And women – you are now welcome to use the front door and enjoy all that the facility has to offer.  Until 1954, women were not allowed inside the building and not allowed to use the front door. Women could use the North entrance only and must be accompanied by a male member.  Due to social change, women were finally able to have full access and privileges to the facility in 1972.

Over the years the Michigan Union has been honored to have such dignitaries as President John F. Kennedy in 1960 and a visit by the Dalai Lama  as special guests.  When Senator John F. Kennedy made his visit during the last few weeks of the Presidential campaign in 1960, he stood on the steps of the Michigan Union and announced his vision of the Peace Corps.  He talked about foreign service, and volunteering  individual time and talent in underdeveloped countries of the world.   Read the transcript of his speech.

The Michigan Union is a great place to visit, eat, tour or attend any of the special events throughout the year.  Take the opportunity to stop in and walk through this beautiful building and be a part of Michigan history.  The Michigan Union is open for regular Fall/Winter Semester hours Monday – Saturday 9 am – 2 am and Sunday 9 am – 2 am.  Hours change somewhat for Spring/Summer terms. Learn more about the Michigan Union events and meetings.

After you visit the Michigan Union – step outside and visit the Tony Rosenthal initeractive Cube within walking distance to the North of the Student Union.

View Michigan Union in a larger map   
 

Search for homes in Ann Arbor and the surrounding area at  www.HomeSearchAnnarbor.com

http://KathyToth.com/short_sale_book to get your copy of our Short Sale Book

www.AnnArborTalks.com – Market Trends and GO BLUE

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Selling Your Ann Arbor Home Can Be Daunting

Selling an Ann Arbor Area home can be daunting. Selling a home in Washtenaw County can be simple or complicated.  I found this info-graphic that takes you through the steps of renting your home or selling it (with pros and cons) to turning over the keys to the new buyers.  Do you want to know what your home is worth, or what your neighbor’s house sold for?

Thinking of selling your home and not sure where to start? Call us 734-426-6669.