May 2013 Ann Arbor Real Estate Statistics

May 2013 real estate sales statistics have been posted by the the Ann Arbor Area Board of REALTORS®.

  • The average sales price was $246,305, an increase of 20% over last year.
  • New listings are up 16% over the previous month and 7% over last year.
  • The average days on the market has decreased from 71 days to 39 days.

The market is on the upswing and now is a great time to sell your Ann Arbor area home!  If you are thinking of selling or buying a home in the Ann Arbor area we’d love to hear from you.  Please contact us today with any questions you may have or to get started! We look forward to hearing from you!

May 2013 Stats-2


May 2013 Stats-3

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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

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Kathy Toth and Team, Keller Williams Realty

Ann Arbor Area Sales Prices Up Reports by Ann Arbor Area Real Estate Experts

Ann Arbor Real Estate Improves|734-669-0337| Ann Arbor Real Estate Experts Report

May 2012 real estate sales picked up 14.2 percent over the same time for the month May of 2011.  Many of our Ann Arbor homes are going under contract and experiencing bidding wars. There were 298 Residential homes sold  in May 2012 compared to May 2011 there were only 261 sold.  The average residential sales price was $205,650 for May 2012 which is a 10% increase from the $186.953 average sale price in May 2011.

Condo sales were up 12.3% from last year, with 73 sold in May.

Overall for All Properties Sold  in number of units sold, plus the improved increase in the average sale price has pushed up the total dollar volume sold to $278,112,755 for the year.  This is a 12 % increase over the same time last year.

For anyone thinking about listing their Ann Arbor Area home, or condo the local inventory available is still down over 1.3 % compared to May a year ago.  Prices will most likely continue to improve with less inventory.  This is great news for Sellers because with fewer homes listed and fewer properties for buyers to consider makes for higher sales prices overall and homes selling in fewer number of days overall.

Buyers are still taking advantage of the great pricing on the market and those homes are receiving offers and at times Sellers are receiving multiple offers.  When purchasing a home, work with a Buyers Agent.  Buyer’s Agents have your best interest in mind.

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 – Kathy Toth and Team, Keller Williams Realty help you achieve your Ann Arbor, Chelsea, Dexter, and Saline Real Estate goals.

Manchester Real Estate Market is Trending Upward and Looking Forward to 2012

There is a positive Upward Trend in the Manchester Real Estate Market.  When reviewing the 24-month chart below, for the Manchester area, we need to pay close attention to the red line on the chart. The red line indicates an upward trend in the Linear (Average Square Foot / Sale Price).  The average square foot price is now hovering around $90.00 per square foot for the month of November, 2011, as compared to November 2010 at approximately $77.00 per square foot. This year, compared to last year shows an approximate 27.76 percent increase in the average linear sales price per square foot in Manchester, Michigan. This is very good news for Sellers and REALTORs alike.  Home sales are remaining constant at 56 homes sold each year for 2 years in a row.  At least the market is running flat and appears to be stabilized over the same 2-year time frame.  No one’s complaining about this kind of good news as the year 2011 soon comes to a close.

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 and keep them informed of market conditions.

To take advantage of a buying opportunity and look for all the real estate deals .

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

Positively Yours,

Kathy Toth, CDPE, Associate Broker: KW, CEO Kathy Toth and Team  734-426-6669





Ann Arbor Real Estate November Report – Good News

We have more great news to report to you from the Ann Arbor Area Board of Realtors

MLS  Sales Report.  The average sales price reported for this November

2011 compared to last year November is showing an 11.94 percent

Increase.   And though the average monthly increase was terrific news

the year to date average sales price compared to last year is up 5.42 percent.

For further details on the Ann Arbor Market unveiled.

Once again, we are calling the November report good news and looking

optimistically to the final end-of- year report in January.

Positively Yours,

Kathy Toth, CDPE, Associate Broker: KW, CEO Kathy Toth and Team, 734-426-6669