Ann Arbor Realty relies on data to inform future buyers and sellers. We strive to provide accurate information to help you make informed decisions about future housing plans .
Ann Arbor, Michigan is a city in southeastern Michigan with a population of slightly more that 100,000. It is home to the University of Michigan as well as numerous hi-tech businesses. The recession that gripped much of the state of Michigan and most of the country has been softened in Ann Arbor by the entrepreneurial spirit created by the University of Michigan through the spin-off of businesses it has created in new and emerging fields. Consequently, Ann Arbor housing appears to be stabilizing and appreciating faster that the rest of the state.
According to the Ann Arbor Area Board of Realtors, the total real estate sales for January 2011 are up 15.7% over January of last year. Single family homes have increased 8.5% year to year and condominium sales posted a strong increase of 26.6% when compared with last years figures. Strong activity in the month of December as well as the past six months indicates a possible return for the Ann Arbor realty. While it is still prudent to be cautious about an exuberant return, individuals should be prepared to see Ann Arbor area real estate values increase.
Ann Arbor Realty – Facts that Tell a Story
- Ann Arbor houses January, ’11 sold units increased 14 units from January ’10.
- homes spent an average of 8 days less on the market before being sold in January 2011.
- the median sales price for a residential home increased from $124,250 to $130,000.
- there were 127 Ann Arbor houses newly listed for sale in the month of January 2011.
Many neighboring communities in this marketplace are selling as well. For example, Ypsilanti homes are selling extremely well with 12 home sales in January. Homes were on the market for 104 days on average last year. However, homes in Ypsilanti that sold were on the market for an average of just 73 days. Ann Arbor area real estate is increasing in the surrounding area including Chelsea and Dexter.
Ann Arbor Houses – More Housing Data
The latest statistics for Ann Arbor area houses and real estate trends from the Ann Arbor Area Board of Realtors state that as of February 10th 2011 the average listing price for a home was $177,683. This is a increase of $2,003 when compared to the same period last year. Some of the most popular neighborhoods in the Ann Arbor area are Burns Park , the Old West Side and the neighborhoods adjacent to the University of Michigan’s North Campus.
The local Area Board of Realtors believes that real estate market is becoming more active. While prices may not have recovered their record values as of yet, they are starting to reflect the real conditions of the market in Ann Arbor housing.
You can search Ann Arbor houses here or contact Prudential Snyder & Company, Realtors, a local Ann Arbor realty company to get more data or learn about housing opportunities. Choose Prudential Snyder and Company for the best Ann Arbor Realtors!
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