2013 Recap for the Ann Arbor Area Real Estate – Insight by Ann Arbor Area Real Estate Experts

Posted by Toth Team Worldwide on

2013 Recap for the Ann Arbor Area Real Estate Market.  Here is a recap of a very active year in residential and condo sales in the Ann Arbor real estate market.

In real estate, you will often see or hear the Median Price vs. the Average Price in the reporting of statistical data.  The Median Price represents the middle of a specific group. Place the amounts or the numbers of the selected group in value order and select the middle number. If there are two middle numbers you average those two.   If we used the Average Price, all it would take to influence a large change, up or down, would be one very high or one very low priced home to skew the results.  Therefore using all the data and selecting the Median price will provide a more accurate depiction of our local price levels. The median price, therefore, provides a real-time market overview.

2013 Sales Vol Recap

The Residential and Condo sales volume (above) showed strong sales at the end of the 2nd quarter and holding through the 3rd quarter.  The last quarter slowed to April and May levels with a steady selling period to finish out the 2013 calendar year.  Throughout the 2013 calendar year, inventory was low.  There are plenty of qualified buyers out looking for homes and condos.  If you are thinking of listing your home or condo, this is the time to speak with the Toth Team to get your questions answered.  With inventory low, prices in many areas have been rising.

Below, the highest Median Monthly Sales Price for Residential properties was $234,950 in June.  The Condo Median Prices remained steady with January and June showing the highest priced median selling months at $160,000.  

2013 Median Monthly Sales Price

 

In our particular charts we are looking back at the Monthly Sold Volume and the Median Monthly Sales Price for  2013. Information has been gathered from the Ann Arbor Area Board of REALTORS stats.

To search for homes visit www.HomeSearchAnnArbor.com

Stay abreast of the market with your smart phone: www.HomeSearchAnnArbor.com – get mobile!  Find all homes and condos in our Washtenaw County area.

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Kathy Toth and Team are Washtenaw County, Michigan real estate experts who will guide home buyers and sellers through the entire real estate process. Our extensive knowledge of Washtenaw County areas, combined with decades of expertise in the local real estate market is extremely valuable to helping you achieve your goals. For quality service and personal attention during your real estate transaction, contact Kathy Toth and Team for all your home buying and selling needs.

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Spring is a Time for Renewal – Take to the Outdoors

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TulipsSpring is a time for renewal. We all know the familiar saying, “April Showers Bring May Flowers.”  The last day of April actually did just that.  There was rain in the morning hours and sunshine in the late afternoon here in the Ann Arbor area.  The daffodils and tulips are blooming and the forsythia branches are shining bright.  I know, I know – there is still snow on the ground in some of the Northern areas in the state of Michigan.  I am glad Ann Arbor is looking green.  Take to the outdoors, if you are able, and breath the fresh air, enjoy the warm temperatures – renew yourself with the sights and sounds of nature.

When I was out for a short walk today, in this beautiful Spring weather, I was thinking about how grateful I am for my family and friends that have referred The Toth Team Real Estate Services to their circle of friends and co-workers.   Referrals are a very important part of our success.  We truly value the trust and confidence you have in The Toth Team when you recommend us to others that are thinking of listing or selling their home.  You are the BEST.  And if you, personally, need any real estate assistance, call us today.

Here is the May Schedule of Events at Hudson Mill Metropark.  Take some time this weekend to renew your spirit; step outside and enjoy the weather.   Head out to Hudson Mills Metropark for a little recreation with friends and family.

Fishing on the Huron River