Oh, I see! You clicked on the link, when you were told not to… All right, you’ve been warned!
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DO NOT Watch This Video!
Tuesday, April 21st, 2009Ann 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. |
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Average List Price – Month 2008
Average Sales Price – Month 2008
Number of Listings v Closings – Month 2008
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Can I Buy Real Estate With Sunshine?
Wednesday, February 4th, 2009
While taking a winter break here in sunny Florida I’ve wanted to read and watch what is happening real estate wise in this market. As a Michigan Realtor (Real Estate One, Team366) I wanted to see where this market stood compared to the Ann Arbor, Washtenaw County market. What I’ve learned is that the market is so saturated with a bloated residential/condo market that it will be years before it recovers, although the article in today’s local paper is encouraging.
The premise of the article is that real estate continues to struggle as home prices continue to drop most everywhere, but the reality is that housing is becoming affordable again for the average person. Albeit mostly through foreclosures and short sales. As a result, inventories have begun to drop.
So what does this have to do with my home market?
Simply put, the Ann Arbor area has seen this resurgance in the last quarter of 2008 and thus months ahead of this market. And our local real estate market is producing buyers who have been waiting to purchase and feel now is the right time to buy.
So am I enjoying the sunshine…of course, but the housing market in the Ann Arbor area is much brighter.
[photo source: moertl]
120 W Washington, Ann Arbor, MI | Downtown Loft Living
Saturday, January 24th, 2009
Downtown Loft Living at its Finest in Ann Arbor, Michigan
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 120 W Washington Ann Arbor MI | Exterior
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Loft living at it’s finest in Downtown Ann Arbor! Above the Grizzley Peak, this one bedroom, bath and a half loft features soaring ceilings, exposed brick, granite counter tops and gleaming hardwood floors. |
 120 W Washington Ann Arbor MI | Great Room
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Southern facing, this loft condo is steps from the Ann Arbor Main Street and within walking distance of the University of Michigan. |
 120 W Washington Ann Arbor MI | Great Room
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This loft features a secluded, walkout patio off the bedroom and a slate tiled bath. Check out the virtual tour for more photos.Be a part of the Ann Arbor social scene, close to campus and all that the City of Ann Arbor has to offer. |
120 W Washington, 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? Call us at 734.476.1343 or drop us a note at info-at-team366-dot-com.
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Ann Arbor Residents “Take the Reins”
Monday, December 15th, 2008This 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!
