Westridge of Dexter – Real Estate Update New Homes Selling and Trail Connection

Want to know what is going on in Westridge of Dexter?  Westridge is located on the corner of Island Lake and Dexter-Pinckney Road. The great news in Westridge of Dexter subdivision is that new-home construction continues to be strong.  The completion of the Hike/Bike Trail under the Rail Road Bridge and over the Mill Creek waterway from downtown Dexter to Westridge has already proven to be a success.  Homeowners are enjoying the boardwalk connecting them to downtown Dexter. They can set the car keys aside and choose to ride their bicycle, jog or walk to town with ease and not have to drive into town. This boardwalk will attract more buyers to Westridge just knowing this safe walkway into Dexter’s downtown district is available.  Westridge of Dexter is now fully connected to the entire Dexter community from end to end.  Here are some of the other plans the recreation committee for Dexter have in the works.  Read the entire Recreation Report – skim through to page 28 for walking trails planned for Dexter, Michigan.

Click Westridge Subdivision video and find out more on Westridge of Dexter and read of copy of the master deed.

Property Report for Westridge of Dexter shows 8 sold homes mapped below year to date.

The 2 charts below provide data that was collected from the Ann Arbor Area Board of REALTORS Multiple Listing Service.

8 Sold Homes in West Rdge

Below is the sold data for all homes sold from January 1, 2012 through the end of July. The average sold price was $250,161.  The average sold price was higher than the actual list price in some cases.  The average Sale Price/Sq.Ft is $125.11.  Homes with higher square footage are also selling well in Westridge with longer days on market (DOM).


5 West Ridge Homes for Sale

There are 5 currently listed homes in Westridge.  The highest priced home is valued at $277,200.  Of the 5 homes on the market the average list price is $263,200 and the average list price/square foot is $118.21.  There is very little inventory on the market right now and that makes for a positive sellers market.  

Absorption Rate

The absorption Rate (Months of Inventory)  is an estimate of how fast listings are currently selling measured in months.  Click here for Dexter Market Statistics and find your where your home sits. For example, if 100 properties sell per month and there are 800 properties for sale – there is an 8 month supply of inventory before counting the additional properties that will come on the market.  Taking our stats of 5  homes for sale and 8 sold homes, the calculation would be based on  7 months of inventory. Take the 8 sold properties, divided by the last 7 months = 1.14.  Then take the number of homes for sale which is 5 and divide by 1.14 and the answer is 4.39 months of inventory.  These results give an estimate considering all inventory remains constant.  There will be other homes coming on the market so for your home to receive the most attention the property should be priced properly depending on the location and the condition of the propert

If you would like to know what your home is worth now, click here.

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First-Time-Buyer information.

Kathy Toth and Team, Keller Williams Realty| Ann Arbor Market Center, Ann Arbor, MI| Dexter Real Estate Experts