One More Reason to Celebrate!

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Ann Arbor Area Board of REALTOR’S® has posted the Year End 2012 December Residential Sales Statistics.   2012 has been a very good year for residential real estate sales.

  1. The Average Sales Price was $210,616 an increase of 8.3% over last year.
  2. The 2012 dollar volume was up for the year 19.2%, reflecting the increased market activity as well as higher sales prices.
  3. Sales of condos were up 12.7% over last year.

The market is on the upswing and now is a great time to sell!  If you would like more information, talk to the real estate experts at Kathy Toth and Team – your Ann Arbor Real Estate Experts.

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Kathy Toth and Team – Keller Williams Realty, Ann Arbor Market Center

Prices Up 9 Percent According to the Ann Arbor Area Board of REALTORS

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Ann Arbor and the surrounding Washtenaw County, Michigan area is still reporting impressive price increases in residential home prices heading into Fall.  The Ann Arbor real estate market  has held up with positive improvements in pricing and number of units sold.  This great news is expected to continue as interest rates continue to stay low which helps to keep those properties selling.   With such a low volume of listings available for sale, properties are selling quickly and with multiple offers in some instances.  This is truly stabilizing the market and making a swing to a Sellers Market.  Sellers – It is Time To List!

The following “August Monthly Housing Statistics” are published with activity from the Ann Arbor Board of REALTORS Multiple Listing Service keeping in mind that these stats do not contain all the housing activity that has occurred in the Washtenaw County area.  Here are some stats from the August Report.

  • August sales of residential properties are up 15 percent over August of last year, 7.4 percent for 2012 year-to-date, compared to 2011.
  • Inventory is still lagging, with the total number of listings down 7 percent from last year. Less inventory drives prices up, due to the higher demand for less supply.
  • The average residential sale price in August 2012 was $220,738, up 8.7 percent from the average sale price of last August which was $203,061.
  • Year to date median home prices are up 9 percent from $159,000 to $174,000.
  • Days on market have dropped to 61 days, compared to 82 days in August of 2011. When you look at the Days on market (DOM) numbers – they do not reflect cumulative  days on market.

When you need expert real estate advice, contact the Kathy Toth and Team REALTORS at 734.669.0337.

To search for homes in Dexter and the surrounding Ann Arbor Market area go to HomeSearchAnnArbor.com

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www.KathyToth.com Keller Williams Realty

Average Sales Price Up in Ann Arbor Area Real Estate

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Ann Arbor Area Board of REALTORS Market Report is showing signs of strong improvement in the sale of Vacant Land.  As you can see in the chart below 2012 year-to-date totals for Vacant Land Sales have more than Doubledcompared to year-to-date totals in 2011. Excellent news for builders as we look for new construction to emerge.

For residential homes,  average sale price this year to date compared to last year is up .08 percent and

average sales price this month 2012 compared to this month in 2011 is up .2.28percent.

Another great indicator that the real estate market is stabilizing and showing signs of improvement is that the average sales price is up 23.6 %.  The increase in average sale price is do in part to low inventory.  Buyers are moving quickly to secure their new homes.  Excellent time to list your home as buyers are really on the move.

 

To view the entire Ann Arbor Board of REALTORS April report see below.

 Click here to search all Ann Arbor area Michigan homes and condos with pictures and tours – FREE!

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

Ann Arbor Real Estate Market – Trending Upward Bringing Good Tidings and Great Joy!

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The Ann Arbor real estate market is proving to be good tidings and great joy as we head to the finish line.  An upward trend has both Sellers and REALTORs very happy.  Sales are continuing to be seasonally steady as we review the last 2 years of market statistics for number of homes sold and average square foot / sale price.

When reviewing the 24-month chart below, for the entire Ann Arbor area real estate market, let’s pay close attention to the red line on the chart which indicates an upward trend in the Linear (Average Sale Price per  Square Foot) which is now hovering around $151.00 sales price per square foot for the year end 2011.  Based on 2 years of data the linear average sale price per square foot   is up this year from last by approximately 3.54 percent.  The number of homes sold is up approximately 4.63 % over the same 2-year time frame.  And comparing the last 2 months, October and November 2011, the number of sales were up 10.7 percent.   So, in review the market is stabilizing and trending upward.  All Good News!!

I have included all 8 Ann Arbor Area Board of REALTORS market graphs for you to review. NOTE:  MLS areas 81, 84 and 88 have fewer sales and having fewer sales can affect the graph trends.

Buyers as well as Sellers should pay close attention to these indicators.  While trends are showing signs of a recovery, it’s a great time to take the next step to home ownership or listing your home for sale.  Call to schedule an appointment.

I would like to thank Peter W. Hendershot, State Licensed Real Estate Appraiser, Business Development Manager, Affinity Valuation Group for putting this chart together for all of us to analyze.  This data is shared with your local REALTORs, lenders, builders and lawyers so we can assist our clients.

Ann Arbor

Click this Gallery to review your local market area.

 

 

To take advantage of a buying opportunity, and to look for all the real estate deals www.homesearchannarbor.com .

Investigate foreclosures here. http://www.homesearchannarbor.com/guide/Foreclosure_%7C_Bank-owned

We know about homes before they hit the market, just call or email what you need.

Kathy Toth and the Toth Team

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.

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