What will the fall market bring in Ann Arbor real estate? Well, the kids are back in school, and those who must sell but have been putting it off now need to get serious. What kind of competition will they face?
As of today, in the immediate Ann Arbor area only, there are 1,036 Single Family Homes and Condominiums on the market, broken down in the following price ranges:
Up to $100K = 53 Units
$100K - $200K = 363
$200 - $300K = 269
$300K - $400K = 110
$400K - $500K = 51
$500K + = 176
There are 33 Single Family Homes, and one Condo listed at over $1 Million in the Ann Arbor area. Topping the list, at an asking price of $5.599 Million is this home in the Barton Hills neighborhood. The pictures with snow give you a hint as to how long it has been on the market, but this home features over 18,000 square feet; 9 bedrooms, 10 bathrooms, 700 feet of waterfront footage, a guest house, etc., etc. By the way, the property tax bill comes in at just a shade over $23K per year. We can dream, can't we?