Saturday, September 29, 2007
On the heels of that news is another ray of sunshine in the fog of the daily negative news about the areas real estate market. This article in today's Ann Arbor News reports that the long delayed Lower Town redevelopment project is now moving forward.
According to the story, Strathmore Development of East Lansing is ready to begin the clean up of the area of this project, which was announced in 1999.
The proposed 6.4-acre development includes 186 residential rental units, office and retail space, a parking structure and an environmental cleanup of a blighted area that was contaminated by perchloroethylene from a dry cleaning business. It is located at the site of the long-vacant Kroger store and other businesses at Broadway and Maiden Lane. The project was first proposed in 1999.
With these two nuggets of good news, it begs the question: If these two, out of town developers see potential and are investing heavily in the Ann Arbor market, is this not an indicator of the overall viability of the Ann Arbor Real Estate Market?
Friday, September 28, 2007
Thursday, September 27, 2007
Monday, March 26, 2007
You are invited to join us for our next FREE, Fact-filled, fast paced, and informative Real Estate Seminar.
At our “How to Buy a Home” 45 Minute Seminar – You Will Learn:
--The Latest Market Updates
--How Much House You Can Afford
--Why You Need a Buyer’s Agent
--Searching for Homes Efficiently
--Viewing Homes Like an Inspector
--Contract Negotiating Strategies
This Seminar is completely FREE of charge, and are our service to YOU as Educating Real Estate Professionals. There is no obligation, nothing to sign, and no commitments to make. Please come to learn how you can purchase a home with the knowledge and information you need to make the right decisions.
Please join us Wednesday, March 28 at 6:30PM at the Offices of Real Estate One, 555 Briarwood Circle #333, Ann Arbor, 48108
For more information, call Brian at (734) 678-9032
Saturday, March 24, 2007
Following the vote to defeat the tax, the Senate worked into the night to pass the remaining budget cuts totaling almost $600 million. The remaining votes went down party lines as the budget was passed.
This defeat was "Good News" in the sea of all those negative real estate news stories.
Sunday, March 11, 2007
Thursday, March 8, 2007
While some critics maintain that our political leadership should have foreseen the Pfizer departure a long time ago, this initiative to not only offset the Pfizer loss, but to agressively partner with people to keep them in the area is a really positive sign.
I am a firm believer in the Entrepreneurial Spirit. If you have the seed planted to create your own business, Ann Arbor is a great place to do it.
Tuesday, March 6, 2007
Current Listings: There are nine homes presently on the market in Briar Hill, with six of the nine in the $400,000 - $450,000 Price Range. Outside of Briar Hill, but in the entire Ann Arbor area, there are 78 homes for sale in the $400,000 - $450,000 price range.
Recent Solds: In 2006, nine homes sold in Briar Hill with an average time on market of 10.25 months, and with a sales price averaging 88% of the original listing price. Compare to 2005, where seven Briar Hill homes sold, with an average 5.71 months on the market, and average sale at 94% of the original listing price.
Nationally, real estate sales in 2006 were down 21%, and locally, the number of sales were down 11%. Briar Hill was able to buck this national and local trend, with the number of sales actually up in 2006 vs. 2005, it is just that Briar Hill homes took longer to sell in 2006, and sellers sold their homes for significantly less in 2006 than 2005.
Bottom line, homes are selling in Briar Hill, it is just taking longer (for the sellers). For Buyers, Briar Hill is a tremendous value. The houses are well built, the schools are excellent, and it's location is convenient.
I am a walking testimonial for Briar Hill, as I am not only a Real Estate Agent who sells homes in Briar Hill, but we chose to purchase oue home in Briar Hill in 1998, when we relocated from Chicago to Ann Arbor. If you have questions or futher interest in Briar Hill, please feel free to comment or contact me.
Saturday, March 3, 2007
It's time to jump in. Sink or swim. Upcoming posts will share some slices of life and times of an Ann Arbor, Michigan Real Estate Agent. We will be heavy on real estate related topics, but also fold in some posts on why we love living in Ann Arbor. There will also undoubtedly be several tangential digressions on a multitude of subjects and opinions, because, well, hey, It's my party and I'll Blog if I want to. Now, I know about Posts and settings, and I've even figured out how to add a photo. I have a long way to go to learn about feeds, tags, widgets, hyperlinks and other doo-dads. TTFN and Happy Blogiversary to my Blogging Mentor, Black Tie Todd.