Where oh Where is the Ann Arbor Real Estate Market Headed?

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The Ann Arbor Real Estate market bottomed last year ad this chart from Affinity shows a two year trend below.

The two year trend rose about $1 per square foot.  Not very robust you say, but up never the less.  The average sold price per square foot is $141 for August 2011.  Usually the cyclical trend will show a decline as posted here.  Inventory continues to decrease for the overall Ann Arbor school district real estate market.  The months supply of homes for the entire Ann Arbor real estate market is still considered a buyer’s market at 7.6 months supply, and is coming closer to a balanced market.  Anything over 6 months supply is a buyers market.

Want to know what your neighborhood is valued at?

Ann Arbor Michigan Real Estate: Kingsley Manor Condominiums, Central Ann Arbor, MI

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Wow! If you are looking for a central Ann Arbor location at an affordable price, this is it!

Located just a few streets away from the hustle and bustle of downtown Ann Arbor as well as the Ann Arbor Medical Center this building has it all! If you work at the Medical Center or are a student at U of M then this is the place to be!

Kingsley Manor Condominiums is an older building of 15 ranch style units, each is two bedroom, one bathroom with shared laundry facilities. The units themselves are around the 700 square feet mark but with plenty of storage. Some units having upgraded features like hardwood floors, balconies and more. It is a fantastic location – and owning a unit here so close to downtown has a great benefit – your unit comes with one parking space! A prized piece of real estate in such a central location.

Prices are in the low $100,000 range making units here a fantastic bargain considering its great location. The building has an active association with reasonable fees in the $240 range to help maintain the building and common areas.

We welcome your comments, if you live in the community, we want to hear what you think of your neighborhood and welcome your input to improve this Ann Arbor Area information.

Ann Arbor offers great access to the expressway to get to Detroit or beyond quickly. A hop skip and a jump away is Zingerman’s Deli, Kerrytown, Kerrytown Farmers Market, Briarwood Mall, U of M campus, Medical Centerand University of Michigan football games. Drive to Veteran’s Park for figure or hockey skating, baseball, sledding, swimming, or enjoy fresh produce at Plum Market. For some specialty items be sure to visit nearby Morgan and York with video. Ann Arboris a great place to live – convenient for all, including the Detroit metro airport, which is around 30 minutes away! Remember to be sure to visit world famous Ann Arbor Arts Fairs held every July. Click here to search Dexter Real Estateusing our complimentary Ann Arbor Real Estate MLS Search service. Alternatively please contact Kathy Toth and the team if you need more specific assistance in your Ann Arbor Real Estate needs.

Kathy Toth and Team www.KathyToth.com Ann Arbor Market Center Keller Williams Realty

Huron Meadows Condominiums, Ypsilanti near Ann Arbor MI, Ann Arbor Michigan Real Estate

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When you are looking for a great condo just outside of Ann Arbor, Michigan in Ypsilanti then consider Huron Meadows!

Located in the popular city of Ypsilanti, Michigan these condos are situated in a tucked away location off of Prospect Road in the northern part of Ypsilanti.

This 36 unit development, spread across seven buildings Huron Meadows townhouse condos feature 1, 1.5 story and 2 story unit in a rural setting right opposite the Huron Valley Catholic School. The location is just superb! You’ll enjoy the walking trails and commons areas with ponds and views. You can walk or bike to the Huron River, Riverside and Frog Island Parks as well as benefit from the convenient location close to Depot Town shopping and the Farmer’s Market.

The units themselves come in different floorplans offering 2-3 bedrooms, 1.5-3 bathrooms and contain many upgrades such as master suites, cathedral ceilings, full basements and more. They range in size from 1100-over 1300 square feet and have a two car garage!

Living in Ypsilanti is a great choice as there is the renowned Eastern Michigan University, the ever popular Heritage Festival, Elvisfest and much more! All while offering convenient I-94 freeway access.

Residents will be delighted that the community has an active community association and children attend acclaimed schools.

We welcome your comments, if you live in the community, we want to hear what you think of your neighborhood and welcome your input to improve this Ann Arbor Area information.

Ann Arbor offers great access to the expressway to get to Detroit or beyond quickly. A hop skip and a jump away is Zingerman’s Deli, Kerrytown, Kerrytown Farmers Market, Briarwood Mall, U of M campus, Medical Centerand University of Michigan football games. Drive to Veteran’s Park for figure or hockey skating, baseball, sledding, swimming, or enjoy fresh produce at Plum Market. For some specialty items be sure to visit nearby Morgan and York with video. Ann Arboris a great place to live – convenient for all, including the Detroit metro airport, which is around 30 minutes away! Remember to be sure to visit world famous Ann Arbor Arts Fairs held every July. Click here to search Dexter Real Estateusing our complimentary Ann Arbor Real Estate MLS Search service. Alternatively please contact Kathy Toth and the team if you need more specific assistance in your Ann Arbor Real Estate needs.

Kathy Toth and Team www.KathyToth.com Ann Arbor Market Center Keller Williams Realty

Castleton Farms Subdivision Dexter, MI 48130 Video www.KathyToth.com

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Video of Dexter Castleton Farms Neighborhood – Take a Tour

View the rest of Dexter Real Estate Experts videos. For more information, check out Castleton Farms Subdivision Dexter, MI 48130 and Community Tours.    Castleton Farms Video, Pictures, Mapping, Restrictions: http://annarbortalks.com/dexter-commuity/ann-arbor-michigan-real-estate-castl…
For all your Ann Arbor Area Real Estate Needs, your Ann Arbor Real Estate Expertts are here to help 734-274-9544 or stop by our office at 3134 Dexter, MI 48130. From Ann Arbor Homes and Condos For Sale

Impact of Interest Rates on Washtenaw County Home Buyers

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Rates are historic lows.  Should you wait to buy?  Do you think rates are going lower?  Do you think home prices are going lower? Take a look at Ann Arbor Area market timing for real estate trends. So what are you to do?


If you look at the chart below you will find scenarios of stable prices and lower rates, lower price and rising rates, etc.  See what happens to home mortgage payments.

To figure out which was a smarter bet–counting on home prices to fall further or interest rates to rise–our Keller Williams research department took the last ten years of monthly home price and mortgage interest rate data and ran the numbers to see which was more likely: an increase in mortgage rates or a further drop in home prices. Here’s what Keller Williams found:

  1. A one percent increase in mortgage rates is ten times more likely to happen than a ten percent drop      in home prices.
  2. A one percent rate increase more than offsets a ten percent reduction in home prices.
  3. When interest rates fall by one percent, the total interest paid is almost three times more than the      interest savings from a ten percent drop in home prices.
  4. The probability of both happening at the same time is ridiculously small, and homeowners would      still pay 15 percent more in interest over the life of the loan.

Interest rates have been at 50 years lows. Potential home buyers need to understand the positive financial impact low interest rates have on the cost of Ann Arbor Area home ownership and the thousands of dollars that can be saved over the life of a typical mortgage loan. For those who can afford to buy, trade up, or invest, our current market presents a lifetime opportunity.  Talk to our preferred lenders to take advantage ofknowing your options.  Call us 734-274-9544.  I wrote about Mortgage Calculators to give some test run options.  If you want help with pre approval from a trusted lender, click here.

Huron Commons Condos, Dexter, MI 48130; Dexter Real Estate

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Huron Commons Condos 
Huron Commons Condos in Dexter, Michigan is such a great place to live, work and play! Situated just north west of Ann Arbor. Dexter combines convenience for work, fantastic local schools as well as offering a number of great amenities and a fine selection of real estate for sale to choose from.

Located on the banks of the Huron River on the eastern side of Dexter, Huron Commons Condos make it a convenient place to live!

Huron Commons Condo’s is a small development of 70 Condominiums spread across a handful of buildings in a decently spread out development that is tucked away near the railway line in Dexter. The community has plenty of green space and trees giving Huron Commons a distinctly rural feel.

 

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Huron Commons was constructed back in the late 1990’s.  These two and three bedroom units are spacious at just over 1000 feet in most cases and many units have their own garage! The Huron Commons units benefit from a great community association which has reasonable dues in the $200 range. The association takes care of outdoor maintenance, trash & snow removal as well as window cleaning.  Perhaps Huron Commons Condominiums is the perfect community for you?

We welcome your comments.  If you live in the community, we want to hear what you think of your neighborhood and welcome your input to improve this Ann Arbor Area information.

Dexter is convenient to lots of fun and activity, for instance,  Hudson Mills Golf Course and Hudson Mills Metropolitan Park. No matter which way you go, you’ll find yourself surrounded by plenty of biking, hiking, walking and camping. Independence County Park has fun for everyone with swimming, fishing, boating, biking, disc golf, and bring your roller blades along and ride the paved pathways.  Take Jennings Road north to the park off Territorial towards US-23 expressway.  These parks are some of the best in the state.  Enjoy waling the village of Dexter – Here is a Walking Map.

The Portage Lake Chain of lakes is within minutes, just north on Dexter-Pinckney Road. If you like Sailing – then visit the Portage Yacht Club which is on the chain as well.  Fishing on the Huron River is also very popular for anglers.

Dine out at the Red Brick Kitchen and Bar, a great place to stop and enjoy a delicious meal as you travel home from work, shopping or a sporting event.  Take in a play at the  Encore Theatre in Dexter located behind the Dexter Bakery just off Main Street. Stroll downtown Dexter on the Walking/Bike Trail.  Other great restaurants are Terry B’s, the Dexter Pub,  Aubrey’s Pizzaria and Grill, the A & W, and check out the Dairy Queen on facebook in downtown Dexter. If you have a sweet tooth look up Mindo Chocolates.

Looking for the perfect gift for a friend who loves feeding birds; gardening; or has pets to care for, then stop in at the Dexter Mill.   Check out your favorite new best seller at the Dexter Library – a state-of-the-art public library located along Mill Creek just off Main Street.  Learn about the history of Dexter at the Dexter Historical Society.  And did you know that Dexter, Michigan has their own Dexter Community Orchestra and Dexter Community Band so join soon if you are musically inclined. The Ann Arbor Country Club is located between Dexter and Ann Arbor.  Downtown Ann Arbor is only a 20 minute drive away.  Check out Dexter Daze  – see videos.

Ann Arbor Loch Alpine  Country Club   |   Ann Arbor Loch Alpine Community  |   Ann Arbor Loch Alpine  Golf   |  Apple Creek  |  Bates Farms   |  Black Pine Subdivision  |   Brass Creek   |   Brook N’ Ridge Subdivision  |  Carriage Hills Subdivision  |  Castleton Farms  |  Cedar Hills  |  Cobblestone Estates   |  Copper Meadows  |  Cottonwood Condos  | Deer Run  |   Dexter Crossing Subdivision  |  Dunlavy Farms Subdivision  |  Eaton Court Condominiums   |  Etta’s Valley Subdivision  |  Fidelio Vistas Condo  |  Fischer’s Landing  |  Fox Ridge Condos  |  Fox Run Subdivision  | Glen Devon |  Greenfield Estates Condo   |  Gregory Farms  |  Hickory Creek  Subdivision   |   Hidden Brook Subdivision  |  Hidden Woods Subdivision with video  | Huron Farms Subdivision  |   Huron View Court   |   Island Hills Subdivision with Video  |  Maple Meadows Estates   |  Meadow Creek Farm – Dexter  |   Mystic Ridge Subdivision with Video  |  North Meadows Subdivision  |  North Ralaric Farms Subdivision  |  Park Lake Subdivision  |  Quail Ridge  |  Ralaric Farms Subdivision  |  Red Fox Hollow  |  Stoneyfield Meadows Subdivision   |  The Cedars of Dexter  |  The Glade Subdivision  |  The Preserve Subdivision  |  Thornton Farms Subdivision  |  Vista Heights  |  Walsh Farms  Subdivision  |  Webster Hills   |  Westridge of Dexter

Click here to search Dexter Real Estate using our complimentary Ann Arbor Real Estate MLS Search service. Alternatively, please contact Kathy Toth and the team if you need more specific assistance in your Ann Arbor Real Estate needs.

Kathy Toth and Team www.KathyToth.com Ann Arbor Market Center Keller Williams Realty

Mortgage Calculators for Ann Arbor Area Home Buyers

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I found a great resource for mortgage calculators for those planners and analytic types in Washtenaw County, along with a quick video.

Mortgage Calculators for Ann Arbor Home Buyers

Refinance Calculators

Borrowers contemplating a refinance want to know whether the financial gain from a lower interest rate more than offsets the refinance costs; whether it is cheaper to raise cash through a refinance than through a second mortgage;  whether the cost of refinancing an ARM into an FRM is justified by the reduction in risk; and whether paying down the loan balance  in order to lower the refinance cost is a good investment; and whether it pays to consolidate short-term debt into a refinance.

Mortgage Payoff Calculators

Borrowers use mortgage payoff calculators to learn how different extra payment plans will affect the payoff date and the total amount of interest they  will have to pay.

Mortgage Payment Calculators

Borrowers use mortgage payment calculators to find the payments on FRMs and ARMs of different types and/or carrying special options, such as payment options or temporary buydowns.

Amortization Calculators

Borrowers use amortization calculators to monitor their progress in paying down the loan balance and increasing their equity, to see how the process would be affected by extra monthly payments or biweekly payments, and to check their tax savings.

Buying a House

Home buyers may use a calculator to determine how much they can afford to spend, and whether they should buy now or wait.

Mortgage Comparison

Borrowers choosing between different mortgages, including fixed-rate and ARMs, can use these calculators to compare future values of net cost.

Mortgage Interest Calculators

Borrowers choosing between different mortgages, including fixed-rate and ARMs, can use these calculators to compare their interest cost.

Consolidation Calculators

Borrowers with substantial amounts of short-term debt may use consolidation calculators to determine whether and how best to consolidate the debts in a mortgage.

Mortgage Insurance Calculators

Borrowers putting less than 20% down may use mortgage insurance calculators to decide whether to purchase mortgage insurance, the best premium plan, and how long they will have to pay it.

Points Calculators

Borrowers with an opportunity to pay points  to reduce the interest rate can use these calculators to find the break-even period, or the rate of return on investment.

Down Payment

Borrowers can use these calculators to find the rate of return on an increase in down payment, whether cash is better used for down payment than for points, and whether cash for settlement costs is better raised from the home seller or the lender.

Second Mortgages

Borrowers can use these calculators to determine whether a second mortgage “piggyback” is less costly than mortgage insurance or a jumbo first mortgage, or to compare two piggybacks.

Mortgage Term

Borrowers can use these calculators to explore how the term together with the interest rate affect the mortgage payment, and to determine whether a shorter term is a good investment.

APR Calculators

Borrowers can use an APR calculator to estimate lender fees whereas lenders use them to make sure their APR disclosures are correct.

This is courtesy of the Mortgage Professor who writes for Inman News: His link is http://www.mtgprofessor.com/calculators.htm  and let him know what you think.

I just want to share more from one of the good guys – Huron Valley Financial.  They have these calculators too.

Mortgage Calculators
The following online calculators serve as helpful tools during the mortgage process.
Payment/Amortization

Calculate your monthly payment and see how the principal is paid over time.
Rent vs. Own

      Calculate the difference between renting and buying a home.
Annual Percentage Rate (APR)

      Calculate the APR for fixed-rate or adjustable-rate loans.
Debt Consolidation

      Determine if you can consolidate your debt by combining it with your home mortgage.
Prepayment Savings

      Find out how soon you can pay off your mortgage by making a prepayment.
Early Payoff

      Determine the additional monthly payment amount needed to pay off the loan sooner.
Refinance Break-Even Point

      Find out how long it will take to “break-even” on a refinanced loan.
Tax Savings

      Determine the estimated tax savings with a new loan.
        The information provided by these calculators is for illustrative purposes only. The default figures shown are hypothetical and may not be applicable to your individual situation. Be sure to consult a financial professional prior to relying on the results. The calculated results are intended for illustrative purposes only and accuracy is not guaranteed.

If you need help in getting into your Ann Arbor dream home, let our Ann Arbor Real Estpate Expert team help you.  734-274-9544.

We work with reliable lenders who are Ann Arbor Experts.

Ann Arbor Michigan Real Estate: Fox Ridge Commons, Ann Arbor MI

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Moving to Ann Arbor or within the Ann Arbor metro area is a big decision, parents want to make sure they move to neighborhoods with great schooling and to a location that is convenient for work and other local amenities.

If you are looking for a gorgeous development of spacious single family homes then consider Fox Ridge Commons.

Fox Ridge Commons is a great small development of 24 family friendly properties located just off Dhu Varren Road on the northern side of Ann Arbor and is located within the Ann Arbor City Limits.

A smart entryway to the road with lush landscaping leads to homes that are on good sized lots with large single family homes with well manicured yards set in a very rural environment with plenty of open space around the community. These large single family homes make for the perfect place to raise children. Homes here are close to Foxfire South Park and the Dhu Varren Woods Nature area.

Residents will be delighted to know that the community has an active homeowners association – click here to see the Master Deed and First Amendment.

Parents will also be delighted as children attend acclaimed Ann Arbor schools: Logan, Clague and Skyline High School

We welcome your comments, if you live in the community, we want to hear what you think of your neighborhood and welcome your input to improve this Ann Arbor Area information.

Ann Arbor offers great access to the expressway to get to Detroit or beyond quickly. A hop skip and a jump away is Zingerman’s Deli, Kerrytown, Kerrytown Farmers Market, Briarwood Mall, U of M campus, Medical Centerand University of Michigan football games. Drive to Veteran’s Park for figure or hockey skating, baseball, sledding, swimming, or enjoy fresh produce at Plum Market. For some specialty items be sure to visit nearby Morgan and York with video. Ann Arboris a great place to live – convenient for all, including the Detroit metro airport, which is around 30 minutes away! Remember to be sure to visit world famous Ann Arbor Arts Fairs held every July. Click here to search Dexter Real Estateusing our complimentary Ann Arbor Real Estate MLS Search service. Alternatively please contact Kathy Toth and the team if you need more specific assistance in your Ann Arbor Real Estate needs.

Kathy Toth and Team www.KathyToth.com Ann Arbor Market Center Keller Williams Realty