tag:blogger.com,1999:blog-27170375483043513582024-02-19T04:25:00.573-05:00arboritisThe Bundesen Team at Real Estate One. Ann Arbor Real Estate information.Brian and Mary Bundesenhttp://www.blogger.com/profile/09407173280243286267noreply@blogger.comBlogger162125tag:blogger.com,1999:blog-2717037548304351358.post-81230717240631638452012-04-13T11:44:00.001-05:002012-04-13T11:44:07.563-05:00Report ranks Ann Arbor among top 10 metros with rising home valuesGood news for Ann Arbor Real Estate Market.<br />
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<a href="http://annarbor.com/business-review/report-ranks-ann-arbor-in-the-top-10-metros-with-rising-home-values/#.T4hXsyuMFjE.blogger">Report ranks Ann Arbor among top 10 metros with rising home values</a>Brian and Mary Bundesenhttp://www.blogger.com/profile/09407173280243286267noreply@blogger.com0tag:blogger.com,1999:blog-2717037548304351358.post-68350394393762371082012-03-25T07:30:00.001-05:002012-03-25T07:30:49.392-05:00FREE Homebuyer Seminar April 3: You're Invited!<div dir="ltr" style="text-align: left;" trbidi="on">
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The real estate market has dramatically changed in recent months, and all indications are that there will be more changes in the next 90 days. Come to this FREE, No obligation 45 minute Seminar to learn:<br /><br />--Current market conditions in Washtenaw County, Michigan.<br />--Short Sales, Foreclosures, and private party sales. Similarities and KEY differences</div>
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--Best (and worst) online resources.<br />--Explore current financing programs and options.<br />--Learn how to look at a home like a builder and the 5 Key things home inspectors look for.<br />--Much, much more<br /><br />The Bundesen Team at Real Estate One has been teaching First-Time Home Buyer Seminars since 2006, and we are launching our all new series for 2012. We'll be joined by Tom Bullard of Huron Valley Financial, and Gyll Stanford of Stanford Enterprises Remodeling. We're also offering FREE Chair massages courtesy of Sherry Perkins of Raindrop Therapy.<br /><br />Our Seminars are fast-paced, fact-filled, and give you a look at what goes on 'in the trenches' of today's Ann Arbor area real estate market.</div>
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<br />This is an hour well spent. You will definitely learn something you didn't know before.<br /><br />FREE! FREE FREE! No Cost, No Obligation, and you don't need to be pre-qualified by a Lender to attend.<br /><br />Seminar will be Tuesday, April 3 at 7:00PM to 8:00PM<br />Mallets Creek Library<br />3090 Eisenhower Parkway<br />Ann Arbor</div>
</div>Brian and Mary Bundesenhttp://www.blogger.com/profile/09407173280243286267noreply@blogger.com4tag:blogger.com,1999:blog-2717037548304351358.post-8870803724105878202012-02-17T09:33:00.000-05:002012-02-17T09:33:51.205-05:00Foreclosures Pick Up Pace, Banks Work Through GlutAccording to a recently published article in REALTOR Magazine, nationally, foreclosures increased again in January as banks continued to work through a large backlogs of defaulting loans in their books, RealtyTrac reports. The number of foreclosure filings — including default notices, scheduled auctions, and bank repossessions — increased 3 percent from December to January.<br />However, the numbers were significantly down compared to one year earlier, RealtyTrac reports.<br />Last month, one in every 624 households received a foreclosure filing — a drop of 19 percent compared to January 2011.<br /><br />Please click the link for the full article.<br /><br /><a href="http://realtormag.realtor.org/daily-news/2012/02/16/foreclosures-pick-up-pace-banks-work-through-glut#.Tz5k0OIO5YY.blogger">Foreclosures Pick Up Pace, Banks Work Through Glut</a>Brian and Mary Bundesenhttp://www.blogger.com/profile/09407173280243286267noreply@blogger.com0tag:blogger.com,1999:blog-2717037548304351358.post-35562299177919520212012-02-14T11:24:00.000-05:002012-02-14T11:43:33.196-05:002011 - 2012 Ann Arbor Real Estate Market Report<div dir="ltr" style="text-align: left;" trbidi="on">
<b>Ann Arbor and Washtenaw County</b><br />
According to the year-end report, recently released by the Ann Arbor Area Board of Realtors, the overall real estate market in Ann Arbor and throughout Washtenaw County, continues to show improvement. This is cause for optimism. While sales in units were pretty much equal in a December 2011 to December 2010 comparison, and slightly down year over year, there are other encouraging indicators.<br />
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Total sales dollar volume for 2011 was up by 2% over 2010. This is primarily due to incremental price increases on property. Another good indicator is Average Sales Price, which in 2011 was 5% above ASP in 2010. $194,338 vs. $184,217. The main cause for optimism is that these improving sales are not due to any incentive program, like the first time home buyer tax credit. Most experts agree that this growth is due to the continuing historically low interest rates, coupled with an overall growth in buyer confidence. <br />
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgluve41y-3hnwAYkEzq_PMN_B140JGAsgzJpOMSKfFLimRlqCAADRe7wnuKixE_wMlHLrtQg-LwvOrPwpVO_nkX26gJ28W1XRz6B4mP-jZ1wdrrU5zkIgCXhLN0l1JO-NA31p5LwBbp70/s1600/Ann+Arbor+Homes.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="240" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgluve41y-3hnwAYkEzq_PMN_B140JGAsgzJpOMSKfFLimRlqCAADRe7wnuKixE_wMlHLrtQg-LwvOrPwpVO_nkX26gJ28W1XRz6B4mP-jZ1wdrrU5zkIgCXhLN0l1JO-NA31p5LwBbp70/s320/Ann+Arbor+Homes.jpg" width="320" yda="true" /></a></div>
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Also, MSN Real Estate and Bert Sperling of Sperling’s Best Places recently ranked Ann Arbor as one of the 10 best areas in the country for livability and affordability. This ranking was based on: Places with lower than average unemployment, short commuting times, and lots of cultural and recreational options. These are not so called “Booming” markets, just places with more stable economies and less stress, thanks to lower crime rates, relatively healthy population, access to good medical care, and lower rates of divorce and suicide. Ann Arbor also made the list, because, while we did experience significant job loss, we did not lose as many jobs as most other markets.<br />
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<b>State of Michigan</b><br />
The whole state of Michigan also closed the year with strong sales in 2011. For the last six months of 2011, Michigan’s monthly home sales in units outpaced 2010, providing good evidence of recovery as we move into 2012. According to Multiple Listing Service (MLS) reports compiled by the Michigan Association of Realtors, 8,495 single family homes were sold state-wide in December 2011, and increase of 8.44% over December 2010. At the same time, the December Y.T.D. Average Sales Price was $107,568, which was above both 2010 and 2009. December proved to be an exceptional month for 15 of Michigan’s 40 reporting MLS’s, who reported a greater than 20% increase in sales volume. Three areas (Emmet County, St. Joseph’s County, and West Central MLS all showed a sales volume increase of greater than 40%.<br />
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<b>Nationwide</b>Nationally, existing home sales were also trending upwards for the first time in a long time. According to a report by the National Association of Realtors, home sales were up for three consecutive months (Oct., Nov., Dec.) 2011 vs. the same time frame in 2010. The data shows total existing home sales rose 5% to a seasonally adjusted rate of 4.61 million units in December from a downwardly revised 4.39 million in November, and are 3.6% higher than the 4.45 million unit level in December 2010. These numbers include single-family homes, town-homes, condos, and co-ops. Year over year, nationally, home sales were up 1.7%.<br />
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<b>2012 Real Estate Market Predictions</b><br />
Most experts on the local and national levels agree that a slow recovery is taking root, and we are coming off the bottom of the market (certainly locally). Lawrence Yun, the Chief Economist for the National Association of Realtors looks at indicators like Job growth, a rising rental market, stabilizing and growing stock market, and continuing high affordability, which all combine to increase buyer confidence, and bring them into the market. Another key indicator to a stabilizing housing market is the amount of inventory, which is also down dramatically on both a local and national level. This is due in large part to the so-called “Shadow inventory” of Bank Owned properties which has not been released onto the market, and the large but unknown number of home-owners who are underwater on their home, would like to sell, are not behind in their payments, but would love to sell.<br />
For 2012, prices are expected to continue to rise slightly, both in existing home sales, and new home sales. Buyers may not get the same bargain, price-wise, but continued low interest rates make purchasing attractive. The National Association of Realtors is predicting a 5% increase in 2012 over 2011, with the pockets of opportunity coming from these sectors:<br />
1) International Investors: Foreign buyers are streaming to US investment real estate due to the factors of low prices, favorable exchange rates, and instability of Western european economies.<br />
2) Distressed Inventories in Good Areas: NAR is noticing growth trends back to walkable neighborhoods in cities. A good growth opportunity.<br />
3) Rentals: As we continue through the process of foreclosures and bankruptcies, there is ample growth in rentals, until these people position themselves to buy.<br />
4) Commercial: As the commercial market starts to stabilize, it adds to the overall confidence level in the residential market. Complete turn around is still two or more years down the road, but the ship is beginning to make the turns</div>Brian and Mary Bundesenhttp://www.blogger.com/profile/09407173280243286267noreply@blogger.com1tag:blogger.com,1999:blog-2717037548304351358.post-33011734958704249312011-05-18T15:28:00.004-05:002011-05-18T15:38:57.869-05:00April 2011 Ann Arbor Home Sales Market ReportAnother mixed bag in the Ann Arbor Real Estate market for April 2011, with decreases in unit sales, as compared to April 2010, but an increase in Average Sales price, year to date as compared to the same period in 2010. Here are the latest statistics from the Ann Arbor Board of Realtors:<br /><br />Single Family Home Sales April 2010: 297<br />Single Family Home Sales April 2011: 261<br />Decrease -12.2%<br /><br />SFH Sales Y.T.D. 2010: 890<br />SFH Sales Y.T.D. 2011: 859<br />Decrease: -3.5%<br /><br />SFH Avg. Sales Price April 2010: $175,989<br />SFH Avg. Sales Price April 2011: $171,593<br />Decrease: 2.5%<br /><br />SFH Avg. Sales Price Y.T.D. 2010: $168,357<br />SFH Avg. Sales Price Y.T.D. 2011: $174,342<br />Increase: 3.5%Brian and Mary Bundesenhttp://www.blogger.com/profile/09407173280243286267noreply@blogger.com0tag:blogger.com,1999:blog-2717037548304351358.post-30090156870451813662011-04-26T10:34:00.004-05:002011-04-26T10:41:13.945-05:00Q1 Ann Arbor Real Estate Dollar Volume Sales Report<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgrutvNJVU8EDDgH4S5XPQzOFK9t3njilJ1FwotntQuzXWMkKuHQtvXrdt7hiH4_72TQem-kJMYM7hqSBm2HlxTVgJk0Bdkx0VZdSx0JZ078INsDHuh5ARZQGH7awwBL4WSPBbMLEM8qmk/s1600/Q1+dollar+volume+graph.bmp"><img style="float:left; margin:0 10px 10px 0;cursor:pointer; cursor:hand;width: 400px; height: 247px;" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgrutvNJVU8EDDgH4S5XPQzOFK9t3njilJ1FwotntQuzXWMkKuHQtvXrdt7hiH4_72TQem-kJMYM7hqSBm2HlxTVgJk0Bdkx0VZdSx0JZ078INsDHuh5ARZQGH7awwBL4WSPBbMLEM8qmk/s400/Q1+dollar+volume+graph.bmp" border="0" alt=""id="BLOGGER_PHOTO_ID_5599917379964362706" /></a><br />One of our areas economic indicators of the Ann Arbor Real Estate market is an analysis of toal sales volume in dollars. As this graph indicates, our area is on a pretty strong uptrend. In a year to year comparison for the First Quarter, total sales volume is up by 8.5% over 2010, and up by 37.3% over 2009.Brian and Mary Bundesenhttp://www.blogger.com/profile/09407173280243286267noreply@blogger.com0tag:blogger.com,1999:blog-2717037548304351358.post-64914920473604992492011-04-15T09:29:00.001-05:002011-04-15T09:36:05.448-05:00Ann Arbor Home Sales in Units Q1 2011 v. Q1 2010<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgc4VLBI-t2X9DvzTIsNC5FiQC-z5eLQc7kexuh2x7aFw2YK2-h4AU6QUxQab2TUdY3uDNQ7frUTzIpDdXAWZzpp70761KJV-E9MB_qslccxTn_pQEPKPSJZuuQfD2NZ5YP85NG-mgwLPc/s1600/Q1+units+graph.bmp"><img style="display:block; margin:0px auto 10px; text-align:center;cursor:pointer; cursor:hand;width: 400px; height: 247px;" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgc4VLBI-t2X9DvzTIsNC5FiQC-z5eLQc7kexuh2x7aFw2YK2-h4AU6QUxQab2TUdY3uDNQ7frUTzIpDdXAWZzpp70761KJV-E9MB_qslccxTn_pQEPKPSJZuuQfD2NZ5YP85NG-mgwLPc/s400/Q1+units+graph.bmp" border="0" alt=""id="BLOGGER_PHOTO_ID_5595817450972377842" /></a><br /><br />After positive trends in unit sales for the first two months of 2011, as compared to the same period in 2010, we've seen a bit of a comparative decline in unit sales for Ann Arbor area homes. In March 2011, there were 279 units sold, compared to 320 units sold in March 2010. Year to date, however, unit sales are almost identical, year over year, with 720 units sold YTD in 2011 vs. 724 unit sales YTD in 2010.Brian and Mary Bundesenhttp://www.blogger.com/profile/09407173280243286267noreply@blogger.com0tag:blogger.com,1999:blog-2717037548304351358.post-77594632529303898652011-04-11T12:59:00.002-05:002011-04-11T13:17:52.541-05:00March 2011 Ann Arbor Home Sales Market ReportThe good news is that Ann Arbor Home average sales prices are trending positively. For Single Family Homes, average sales price for March 2011 is up by 11% over March 2010, and is up by almost 7% Year To Date 2011 vs. 2010. Here are the latest statistics from the Ann Arbor Board of Realtors:<br /><br />Single Family Home Sales March 2010: 255<br />Single Family Home Sales March 2011: 229<br />Decrease -10.2%<br /><br />SFH Sales Y.T.D. 2010: 588<br />SFH Sales Y.T.D. 2011: 595<br />Increase: 1.1%<br /><br />SFH Avg. Sales Price March 2010: $162,740<br />SFH Avg. Sales Price March 2011: $180,645<br />Increase: 11%<br /><br />SFH Avg. Sales Price Y.T.D. 2010: $164,600<br />SFH Avg. Sales Price Y.T.D. 2011: $175,872<br />Increase: 6.8%Brian and Mary Bundesenhttp://www.blogger.com/profile/09407173280243286267noreply@blogger.com0tag:blogger.com,1999:blog-2717037548304351358.post-17351179219084261962011-03-13T13:08:00.000-05:002011-03-13T13:11:57.745-05:00Ann Arbor New Home Listings by Month: 2010-2011<img src="https://spreadsheets.google.com/oimg?key=0AsB5Y4P6YxZBdFRIa2k0ZVhhaWt0bnF6ckNGSS1GTUE&oid=2&zx=eu1tfgsuk4hg" />Brian and Mary Bundesenhttp://www.blogger.com/profile/09407173280243286267noreply@blogger.com0tag:blogger.com,1999:blog-2717037548304351358.post-20140201293663442182011-03-12T13:31:00.002-05:002011-03-12T13:47:10.544-05:00February 2011 Ann Arbor Home Sales Market ReportAcross the board, Ann Arbor Home sales are trending positively for the first two months of 2011. Here are the latest statistics from the Ann Arbor Board of Realtors:<br /><br />Single Family Home Sales February 2010: 166<br />Single Family Home Sales February 2011: 180<br />Increase 8.4%<br /><br />SFH Sales Y.T.D. 2010: 331<br />SFH Sales Y.T.D. 2011: 360<br />Increase: 8.7%<br /><br />SFH Avg. Sales Price February 2010: $167,049<br />SFH Avg. Sales Price February 2011: $176,629<br />Increase: 5.7%<br /><br />SFH Avg. Sales Price Y.T.D. 2010: $166,418<br />SFH Avg. Sales Price Y.T.D. 2011: $173,615<br />Increase: 4.3%Brian and Mary Bundesenhttp://www.blogger.com/profile/09407173280243286267noreply@blogger.com0tag:blogger.com,1999:blog-2717037548304351358.post-63248122204454640592011-01-18T13:56:00.003-05:002011-01-18T14:19:51.706-05:002010 vs. 2009 Ann Arbor Home Sales Average Price Comparison<a onblur="try {parent.deselectBloggerImageGracefully();} catch(e) {}" href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEh3xca3aiYkWLTPUzrOsPuLCU6EL1OXxqfLSVagTmypRivvML0ZwEd_anTSZpbBIzGN4O5fIg_GQxcOWwAQ-5i_bagLjcqC5ehF8SlYJrdiIbve5Emh6Zof_LI5SBrzmC-8LQF7KuM69Yc/s1600/2010.png"><img style="float:right; margin:0 0 10px 10px;cursor:pointer; cursor:hand;width: 400px; height: 247px;" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEh3xca3aiYkWLTPUzrOsPuLCU6EL1OXxqfLSVagTmypRivvML0ZwEd_anTSZpbBIzGN4O5fIg_GQxcOWwAQ-5i_bagLjcqC5ehF8SlYJrdiIbve5Emh6Zof_LI5SBrzmC-8LQF7KuM69Yc/s400/2010.png" border="0" alt=""id="BLOGGER_PHOTO_ID_5563606987472932098" /></a><br />As the graph indicates, sales of homes in Ann Arbor are showing some encouraging trends. The Blue Line indicates 2009 Sales, and the Red line indicates 2010 Sales. The average sales price for homes within the Ann Arbor School District are up by almost 15% in December 2010, when compared with December 2009. Throughout the year of 2010, the average sales price has been a bit of a roller coaster ride, with a decline in the first Quarter, an increase in Average Sales Price of over 16% between April and August, followed by another Fall dip, followed by another almost 37% increase in the Fourth Quarter. These prices are the average for Single Family Homes, and do not include Condominiums. These statistics are from the Ann Arbor Board of Realtors.Brian and Mary Bundesenhttp://www.blogger.com/profile/09407173280243286267noreply@blogger.com1tag:blogger.com,1999:blog-2717037548304351358.post-9250542273671000642011-01-12T12:05:00.000-05:002011-01-12T12:05:08.080-05:002005 Rugby Ct, Ann Arbor, MI<iframe width="480" height="295" src="http://www.youtube.com/embed/yZaoUIfGK5M?fs=1" frameborder="0"></iframe>Brian and Mary Bundesenhttp://www.blogger.com/profile/09407173280243286267noreply@blogger.com0tag:blogger.com,1999:blog-2717037548304351358.post-52693367773316396672010-12-15T09:34:00.002-05:002010-12-15T09:43:18.481-05:00November 2010 Ann Arbor Home Sales Market ReportIn November, Ann Arbor Single Family Home sales in units was down by almost 13% as compared to November 2009. The average sales price for Ann Arbor Single Family homes increased by 0.2% over November 2009. Year to date comparison for 2010 vs. 2009 shows a slight increase in unit sales, and an almost identical average sales price.<br /><br />Here are the latest statistics from the Ann Arbor Board of Realtors. These numbers are for Single Family Homes (SFH) Residential, and do not include condominiums:<br /><br />SFH Sales November 2009: 268<br />SFH Sales November 2010: 236<br />Decrease: -12.8%<br /><br />SFH Sales Y.T.D. 2009: 2,794<br />SFH Sales Y.T.D. 2010: 2,865<br />Increase: 2.5%<br /><br />SFH Avg. Sales Price November 2009: $176,543<br />SFH Avg. Sales Price November 2010: $180,491<br />Increase: 0.2%<br /><br />SFH Avg. Sales Price Y.T.D. 2009: $182,704<br />SFH Avg. Sales Price Y.T.D. 2010: $183,537<br />Increase: 0.004%Brian and Mary Bundesenhttp://www.blogger.com/profile/09407173280243286267noreply@blogger.com0tag:blogger.com,1999:blog-2717037548304351358.post-34185493496370702882010-11-23T18:53:00.002-05:002010-11-23T18:57:19.861-05:00More than 2M homes in foreclosure process | Inman NewsPlease click the article link to Inman News for updated information on the current state of foreclosures in the US.<br /><br /><a onblur="try {parent.deselectBloggerImageGracefully();} catch(e) {}" href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEi95kOWJwUalgxrb5mFphP_Wr1JI09Wzf8V3G8W5ek0g-OeSUo_U5I8bNt-wfmvyR6_fIONw5lqcWbhyphenhyphenGpQV1P-x7QPI-7BAtv90G6fiYqb_MWuyDxAlxiQJdGpq7h2Gmo6vOK1HlpXszk/s1600/LPS_NON_CURRENT_OCT_2010_0.jpg"><img style="float:right; margin:0 0 10px 10px;cursor:pointer; cursor:hand;width: 400px; height: 272px;" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEi95kOWJwUalgxrb5mFphP_Wr1JI09Wzf8V3G8W5ek0g-OeSUo_U5I8bNt-wfmvyR6_fIONw5lqcWbhyphenhyphenGpQV1P-x7QPI-7BAtv90G6fiYqb_MWuyDxAlxiQJdGpq7h2Gmo6vOK1HlpXszk/s400/LPS_NON_CURRENT_OCT_2010_0.jpg" border="0" alt=""id="BLOGGER_PHOTO_ID_5542898252224321266" /></a><br /><a href="http://www.inman.com/news/2010/11/23/more-2m-homes-in-foreclosure-process">More than 2M homes in foreclosure process | Inman News</a>Brian and Mary Bundesenhttp://www.blogger.com/profile/09407173280243286267noreply@blogger.com0tag:blogger.com,1999:blog-2717037548304351358.post-2916194334263884092010-11-13T08:02:00.000-05:002010-11-13T08:03:37.056-05:00Ann Arbor Home Sales Average Sales Price Year to Date: 2009 v. 2010<script type="text/javascript" src="//ajax.googleapis.com/ajax/static/modules/gviz/1.0/chart.js"> {"chartType":"LineChart","chartName":"Chart 1","dataSourceUrl":"//spreadsheets.google.com/tq?key=0AsB5Y4P6YxZBdDZFVmtVMXY2VU5kZFp4RC1UcGVMRXc&range=A3%3AC12&gid=0&transpose=0&headers=-1&pub=1","options":{"displayAnnotations":true,"showTip":true,"reverseCategories":false,"curveType":"function","dataMode":"markers","titleX":"Blue = 2010 Red = 2009","maxAlternation":1,"backgroundColor":"#d0e0e3","pointSize":"0","colors":["#3366CC","#DC3912","#FF9900","#109618","#990099","#0099C6","#DD4477","#66AA00","#B82E2E","#316395"],"smoothLine":true,"lineWidth":"2","labelPosition":"right","is3D":false,"logScale":false,"hasLabelsColumn":true,"wmode":"opaque","title":"Ann Arbor Average Home Sale Price 2009 v. 2010","chf":"bg,s,d0e0e3","legend":"bottom","allowCollapse":true,"reverseAxis":false,"isStacked":false,"mapType":"hybrid","width":1123,"height":466},"packages":"corechart","refreshInterval":5} </script>Brian and Mary Bundesenhttp://www.blogger.com/profile/09407173280243286267noreply@blogger.com0tag:blogger.com,1999:blog-2717037548304351358.post-47780198990946117812010-11-11T12:26:00.003-05:002010-11-11T12:38:31.999-05:00October 2010 Ann Arbor Area Home Sales Market ReportIn October, Ann Arbor Home sales in units was down by almost 23% as compared to October 2009. The average sales price for Ann Arbor Single Family homes declined by 3.1% over October 2009. Year to date comparison for 2010 vs. 2009 shows a slight increase in unit sales, and an almost identical average sales price.<br /><br />Here are the latest statistics from the Ann Arbor Board of Realtors. These numbers are for Single Family Homes (SFH) Residential, and do not include condominiums:<br /><br />SFH Sales October 2009: 277<br />SFH Sales October 2010: 214<br />Decrease: -22.8%<br /><br />SFH Sales Y.T.D. 2009: 2,524<br />SFH Sales Y.T.D. 2010: 2,628<br />Increase: 4.1%<br /><br />SFH Avg. Sales Price October 2009: $172,698<br />SFH Avg. Sales Price October 2010: $167,382<br />Decrease: -3.1%<br /><br />SFH Avg. Sales Price Y.T.D. 2009: $183,426<br />SFH Avg. Sales Price Y.T.D. 2010: $183,831<br />Increase: 0.002%Brian and Mary Bundesenhttp://www.blogger.com/profile/09407173280243286267noreply@blogger.com0tag:blogger.com,1999:blog-2717037548304351358.post-70884530870659375862010-10-20T10:10:00.002-05:002010-10-20T10:13:20.460-05:00The Foreclosure Moratorium in MichiganHere is a direct quote from the powers that be within the Michigan Association of Realtors on the moratorium's effect (or lack of) for Michigan.<br /><br /><br /><blockquote>“The Michigan Association of REALTORS has met with experts in the field and state government to discuss recent national developments on foreclosures and their potential impact on our state. That impact, to date, is minimal or non-existent. Michigan is a “non-judicial” foreclosure state, meaning that Michigan’s legal protections for consumers and homeowners do not involve the procedures in question. Valid real estate contracts and mortgages remain enforceable and unchanged. There are no major anticipated legal challenges associated with recent headlines that will have an effect on our state.”</blockquote>Brian and Mary Bundesenhttp://www.blogger.com/profile/09407173280243286267noreply@blogger.com0tag:blogger.com,1999:blog-2717037548304351358.post-72381512480640315642010-10-08T11:43:00.001-05:002010-10-08T11:45:59.311-05:00Ann Arbor Average Home Sales Price Comparison 2009 (Red) - 2010 (Blue)<img src="https://spreadsheets.google.com/oimg?key=0AsB5Y4P6YxZBdDZFVmtVMXY2VU5kZFp4RC1UcGVMRXc&oid=13&zx=yxzyey-lp0nam" />Brian and Mary Bundesenhttp://www.blogger.com/profile/09407173280243286267noreply@blogger.com0tag:blogger.com,1999:blog-2717037548304351358.post-10973502304161799162010-10-07T14:11:00.003-05:002010-10-07T14:23:40.050-05:00September 2010 Ann Arbor Home Sales Market ReportAnn Arbor Home sales were flat in September. The average sales price for Ann Arbor home sales, 2010 Year To Date is $462 above 2009. The number of sales in September was up by 1.1% over September 2009.<br /><br />Here are the latest statistics from the Ann Arbor Board of Realtors. These numbers are for Single Family Homes (SFH) Residential, and do not include condominiums:<br /><br />SFH Sales September 2009: 264<br />SFH Sales September 2010: 267<br />Increase: 1.1%<br /><br />SFH Sales Y.T.D. 2009: 2,245<br />SFH Sales Y.T.D. 2010: 2,413<br />Increase: 7.5%<br /><br />SFH Avg. Sales Price September 2009: $183,344<br />SFH Avg. Sales Price September 2010: $184,965<br />Increase: 0.008%<br /><br />SFH Avg. Sales Price Y.T.D. 2009: $184,829<br />SFH Avg. Sales Price Y.T.D. 2010: $185,291<br />Increase: 0.002%Brian and Mary Bundesenhttp://www.blogger.com/profile/09407173280243286267noreply@blogger.com1tag:blogger.com,1999:blog-2717037548304351358.post-14455293057133286722010-09-13T17:35:00.002-05:002010-09-13T17:46:51.810-05:00August 2010 Ann Arbor Home Sales Market ReportThe average sales price for Ann Arbor home sales, 2010 Year To Date is within a scant $500 as compared to the same time period in 2009. The number of sales in August was down by 7.1% over August 2009.<br /><br />Here are the latest statistics from the Ann Arbor Board of Realtors. These numbers are for Single Family Homes (SFH) Residential, and do not include condominiums:<br /><br />SFH Sales August 2009: 282<br />SFH Sales August 2010: 262<br />Decrease: (7.1%)<br /><br />SFH Sales Y.T.D. 2009: 1,976<br />SFH Sales Y.T.D. 2010: 2,141<br />Increase: 8.3%<br /><br />SFH Avg. Sales Price August 2009: $198,121<br />SFH Avg. Sales Price August 2010: $204,666<br />Increase: 3.3%<br /><br />SFH Avg. Sales Price Y.T.D. 2009: $185,028<br />SFH Avg. Sales Price Y.T.D. 2010: $185,532<br />Increase: 0.0%Brian and Mary Bundesenhttp://www.blogger.com/profile/09407173280243286267noreply@blogger.com0tag:blogger.com,1999:blog-2717037548304351358.post-10887896068176867712010-08-30T08:29:00.000-05:002010-08-30T08:29:07.322-05:00Real Estate Outlook: Good News/ Bad NewsThere is no sugarcoating the dramatic drop in home sales that coincided with the expiration of the First Time Homebuyers Tax Credit, but there is somewhat of a Silver Lining to the otherwise gloomy outlook. Great values coupled with unprecedented Mortgage Rates still make it a great time to buy.<br /><br />For a bit more detail, please read this article from Realty Times.<br /><br /><a href="http://realtytimes.com/rtpages/20100830_realestateoutlook.htm?sms_ss=blogger">Realty Times - Real Estate Outlook: Mixed Figures</a>Brian and Mary Bundesenhttp://www.blogger.com/profile/09407173280243286267noreply@blogger.com0tag:blogger.com,1999:blog-2717037548304351358.post-32633393904482817412010-08-27T08:29:00.003-05:002010-08-27T08:39:33.030-05:005 Home Tips for Fall<a onblur="try {parent.deselectBloggerImageGracefully();} catch(e) {}" href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiW0-k__nJFar84oHkwmngakiz111iZxP_yd5JJ66w30OBmVU6b5-1iVYdA581Crd_g1Nu4FY0Xc8qKjPLnwan9mJhxOUnOwpedq3yVKC44FSJe7iGTB51zAK92_Z54IFVVYex3AkdvTP0/s1600/fall_leaves.jpg"><img style="float:right; margin:0 0 10px 10px;cursor:pointer; cursor:hand;width: 399px; height: 299px;" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiW0-k__nJFar84oHkwmngakiz111iZxP_yd5JJ66w30OBmVU6b5-1iVYdA581Crd_g1Nu4FY0Xc8qKjPLnwan9mJhxOUnOwpedq3yVKC44FSJe7iGTB51zAK92_Z54IFVVYex3AkdvTP0/s400/fall_leaves.jpg" border="0" alt=""id="BLOGGER_PHOTO_ID_5510083808301494274" /></a><br />We'll, it's that time of year. Football, kids back in school, and (I hate to say it) preparing for winter. I came across a great article from my friends at Lowe's on the top 5 things you can do to your home in the fall to keep it in tip top shape, and prevent further problems down the road. The 5 are:<br /><br />1) Clean out gutters<br />2) Take care of pots & planters<br />3) Rake leaves<br />4) Weed & feed lawn<br />5) Tune up your tools<br /><br />For more details on each of these, and to learn more, please follow this link:<br /><a href="http://rismedia.com/lowes/8355/9886">For Your Clients: Tips for Getting Your Home Ready for Fall</a>Brian and Mary Bundesenhttp://www.blogger.com/profile/09407173280243286267noreply@blogger.com1tag:blogger.com,1999:blog-2717037548304351358.post-78252742750060495852010-08-18T18:16:00.003-05:002010-08-26T09:38:06.455-05:00Ann Arbor Residential Listing Inventory<img src="https://spreadsheets.google.com/oimg?key=0AsB5Y4P6YxZBdHZjT3p4NmNGZXhjV2J3cHFVN2dHX1E&oid=2&zx=vokna3-7zj8l0" /><br /><br />The above graph is a visual representation of listing inventory for single family residential homes in the Ann Arbor Michigan area. The Blue line represents 2009, when inventory was relatively stable. The Red line represents 2010, and it is very curios to notice the dramartic change in inventory that coincided with the expiration of the Tax Credit. April 2010 inventory was 732 homes, which dipped to 500 in May.Brian and Mary Bundesenhttp://www.blogger.com/profile/09407173280243286267noreply@blogger.com0tag:blogger.com,1999:blog-2717037548304351358.post-14893894881516979882010-08-16T08:31:00.000-05:002010-08-16T08:31:01.929-05:00Realty Times - Real Estate Outlook: Modest RecoveryA bit of light through the clouds in real estate. The Federal Reserve has decreed that the industry is in a "modest" recovery phase. Not great, but better than what we have been going through, and, as my Aunt Loie used to say: "Better than a poke in the eye with a sharp stick."<br /><br />The top 5 recent trends that have positively impacted the real estate market over the first seven months of 2010 are:<br /><br />1) GDP is growing<br />2) Corporations are saving cash (next step is spending)<br />3) Median home prices in 2/3 of the major markets measured are up 2010 vs. 2009<br />4) Interest rates are at an all time low.<br />5) Mortgage applications are UP over the past 4 weeks, after a drop with expiration of the Homebuyer Tax Credit.<br /><br />For more details, please click the link below to todays Realty Times article, elaborating on this topic.<br /><br /><a href="http://realtytimes.com/rtpages/20100816_realestateoutlook.htm?sms_ss=blogger">Realty Times - Real Estate Outlook: Modest Recovery</a>Brian and Mary Bundesenhttp://www.blogger.com/profile/09407173280243286267noreply@blogger.com0tag:blogger.com,1999:blog-2717037548304351358.post-60962102475748417882010-08-12T17:39:00.007-05:002010-08-26T09:47:19.264-05:00July 2010 Ann Arbor Home Sales Report<a onblur="try {parent.deselectBloggerImageGracefully();} catch(e) {}" href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjjIm-DzIoOKywuA5EekPmSr3h9KmFU7xNdwwNB853Gdz93w3Los-gfDmQzzuY2iLJM9sBGSITCregNk-DnlVXv4qTfi8Y67ZJCuBXdJMeQgsqa6YFgW3Vzf8x7KjnBjjKcaTj-zgwNy3g/s1600/sales+graph+2.png"><img style="float:right; margin:0 0 10px 10px;cursor:pointer; cursor:hand;width: 400px; height: 284px;" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjjIm-DzIoOKywuA5EekPmSr3h9KmFU7xNdwwNB853Gdz93w3Los-gfDmQzzuY2iLJM9sBGSITCregNk-DnlVXv4qTfi8Y67ZJCuBXdJMeQgsqa6YFgW3Vzf8x7KjnBjjKcaTj-zgwNy3g/s400/sales+graph+2.png" border="0" alt=""id="BLOGGER_PHOTO_ID_5504661634664409234" /></a><br /><br />For the first time in nine months, Ann Arbor home sales, in units are down by (22.5%) over the same time period of July 2009. <br /><br />November 2009: Sales up by 32%<br />December 2009: Sales up by 6%<br />January 2010: Sales up by 7.8%<br />February 2010: Sales up by 23%<br />March 2010: Sales up by 22%<br />April 2010: Sales up by 14.2%<br />May 2010: Sales up by 38.6%<br />June 2010: Sales up by 12.1%<br />July 2010: Sales DOWN by -22.5%<br /><br />Also, the average sales price in July was just (1.7%) below July of 2009.<br /><br />Here are the latest statistics from the Ann Arbor Board of Realtors. These numbers are for Single Family Homes (SFH) Residential, and do not include condominiums:<br /><br />SFH Sales July 2009: 330<br />SFH Sales July 2010: 256<br />Decrease: (22.5%)<br /><br />SFH Sales Y.T.D. 2009: 1,688<br />SFH Sales Y.T.D. 2010: 1,876<br />Increase: 11.1%<br /><br />SFH Avg. Sales Price July 2009: $199,973<br />SFH Avg. Sales Price July 2010: $196,673<br />Decrease: -1.7%<br /><br />SFH Avg. Sales Price Y.T.D. 2009: $182,832<br />SFH Avg. Sales Price Y.T.D. 2010: $182,860<br />Increase: 0.0%Brian and Mary Bundesenhttp://www.blogger.com/profile/09407173280243286267noreply@blogger.com0