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Ann Arbor Real Estate Statistics | January 2009

Friday, February 20th, 2009
The first month of 2009 is behind us. Is it an indicator of things to come, or is it simply in line with how January’s have been in the past?

Typically, there are fewer sales in January, and therefore the averages are thrown off a bit.  This year, the silver linings for January are the decreased number of listings coming on the market and the fact that there were more closings in January 2009 than January 2008.

Overall, the Washtenaw County housing market has further to decline in price, if it is to return to an even market. As Econ 101 taught us, when demand is steady, and inventory high, the only way to burn off the inventory is to lower prices

Or offer a tax credit for purchasers…

In an attempt to “juice” the housing market along, the Feds have apparently settled on a tax credit for first time primary residence purchasers. Effectively, this lowers the cost of purchasing that first home for many folks. This could help in moving properties in the first time home buyer price points.

Average List Price – Month 2008


Ann Arbor Real Estate | Average List Price January 2009
 Average list price for January was $184,414, down over 21% from January 2008.

Average Sales Price – Month 2008


Ann Arbor Real Estate | Average Sales Price January 2009
 The average sales price in Washtenaw County was $157,810 in January.  This is down nearly 25.5% compared to January 2008.

Number of Listings v Closings – Month 2008


Ann Arbor Real Estate | Listings & Sales
 # of New Listings: January saw 393 listings come on the market. That is a nearly 66.5% decrease in the number of new listings compared to January 2008. Keep in mind that the listings tracked here have not been scrubbed for re-lists or price adjustment re-listings.

# of Closings: 192 closings in January 2008, nearly 8% more than January 2008.


Team366 | Ann Arbor Real Estate | Real Estate One

[48108]



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Ann Arbor Residents “Take the Reins”

Monday, December 15th, 2008

This past weekend, Eric took part in a conference called Upturn: Hope and Help for Those in Economic Crisis.  The conference was held at the Huron Hills Church and included business leaders from the area.  The focus of the conference was to “bring experts together to give practical advice about coping with today’s economy and its fallout,” says associate Pastor Dave Collins.

From the Ann Arbor News’ coverage of the event:

Eric Pointer of Real Estate One said that when 95 percent of the workforce is employed, that’s considered full employment. “Now it’s about 93 percent. But that means that 9.3 out of 10 people are still working,” noted Pointer, who said he had sold 78 homes in 2008.

From the conference, one thing that was repeated on the panel discussion was that to keep your head in the game, you should avoid watching or consuming too much news.  Turn off the tv and focus on the great things in your life.

Oh, and don’t forget to smile!

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Ann Arbor Resource: Upturn – Hope and Help for Those in Economic Crisis

Friday, December 12th, 2008

Ann Arbor Real Estate - Economy

Huron Hills Church is hosting a free program for those in the Ann Arbor area looking for hope and help in these challenging economic times.

Upturn:  Hope and Help for Those in Economic Crisis

Where:  Huron Hills Church  3150 Glazier Way, Ann Arbor, MI  48108
When:  Saturday, December 13th, 2008
9:00 am – 11:15 am
Cost:  Free and open to the public

Topics to be covered Career Transitions, Personal Financial Management, Mortgages, Real Estate, Stock Investing and Soul Care in Difficult Times.

Program includes light breakfast and informal networking time.

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For Sale: 3267 Dunwoodie, Ann Arbor, MI | Arbor Hills Beauty

Tuesday, November 25th, 2008


3267 Dunwoodie, Ann Arbor, MI

3267 Dunwoodie, Ann Arbor, MI

 This 4 bedroom, 2 and a half bath home features 2012 square feet, a walk out basement and is located in NorthEast Ann Arbor’s Arbor Hills subdivision.
Updated Brazilian cherry hardwood floors greet you on the first floor.  Stainless steel appliances and plantation shutters are just some of the recent updates to this gorgeous home.

3267 Dunwoodie, Ann Arbor, MI

3267 Dunwoodie, Ann Arbor, MI

3267 Dunwoodie, Ann Arbor, MI

3267 Dunwoodie, Ann Arbor, MI

 Neutral colors throughout, this home is simply waiting for you to call it yours!  Drop your bags and move right in.

Be sure to check out the narrated video walkthrough and the many hi-res photos of the virtual tour.

3267 Dunwoodie, Ann Arbor, MI features Team366’s proprietary Listing Syndication System.  We make use of narrated walk through videos and a syndication system that pushes your property to the “corners” of the internet.  Interested in learning more?  Give Todd a Twitter, call us at 734.476.1343 or drop us a note at info-at-team366-dot-com.


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8 Reasons to Sell Your Ann Arbor Home During the Holidays

Friday, November 21st, 2008

holidays v11 8 Reasons to Sell Your Ann Arbor Home During the Holidays

[This is a repost from November 22nd, 2006.  The reasons are still valid for selling a home or condo during the winter months.]

Wow!  You’d think, from anecdotal evidence, that no one sells or buys a home during the holidays.  Obviously, that’s not the case; the housing market statistics show that homes do close during the months of December and January.  There is a definite decrease in the number of homes that sell during the holidays.  Just check out the statistics here.

For those folks thinking of selling their home and waiting for spring, here are eight good reasons to list your home for sale during the holidays:

  1. Less Competition
  2. Serious Buyers Shop During the Holidays
  3. The Best Agents Continue to Work During the Holidays
  4. Relocation Buyers Move This Time of Year
  5. If it Does Not Sell During the Holidays, You are Ahead of the Others
  6. Not Lost in The Spring Shuffle
  7. Your Home Looks Great This Time of Year
  8. Buyers are More Sensitive to Scheduling Appointments

For those folks from warmer climes, the Michigan real estate market does slow down in the winter time.  A lot of it, I am sure, is due to the holidays.  But the weather simply makes it difficult to get around at times.  So showings become more…interesting.

11/23/06 Update: My friends over at MIOAKLANDCOUNTY have a similar post on questions they field from clients about having homes listed over the holidays.  The money quotes:

….if your home is not on the market, they can’t buy it. Home buyers this time of year are serious.

This time of the year is a great time to have your home on the market. Just remember the basics. Have it well priced. Make sure it is in good condition. Know that you have a strong marketing plan in place to get the word out. And do what you can to make it accessible to potential buyers. With these things in place, you are more likely to have a quick sale, and you are not competing with all of the homes that will be on the market in the spring.

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