Wednesday, October 28, 2009

Ypsilanti City Wide Open House is Almost Here!

The City of Ypsilanti, MI, in partnership with Eastern Michigan University, Michigan State University Extension, SPARK East, local businesses and local Realtors are taking the traditional Open House concept to a new level, hosting the first City Wide Open House this Saturday, Oct. 31, 2009.

I'm excited to be a part of this. The event was organized by P.J. Moffett, one of my associates here at Real Estate One. This has been her brainchild for a couple of years, and she along with her team, have put in a lot of long hours to make this event a success. P.J. calls it: "A true demonstration of partnership. We will display Ypsilanti's finest in education, homes and community spirit."

Event goals are to raise awareness of what Ypsilanti has to offer new visitors, prospective university students, as well as prospective area home owners. The event is also designed to raise the city's visibility. Events scheduled throughout the 10AM to 2PM time period include:
  • Explore EMU: Eastern Michigan University's open house attracts potential high school and transfer students to visit EMU and meet with academic and admissions advisors, take a campus tour, and apply. Then, they can hop on a free shuttle to visit Downtown and Depot Town. Visit: for more info.
  • Open Houses: Stop by SPARK East, located at 215 W. Michigan Av to meet representatives from schools and neighborhoods, learn about incentives for house hunters, pick up maps of homes for sale. Visit: for full details.
  • Depot Town and Downtown: Discounts will be available to participants at the EMU Student Center and at the SPARK East location for restaurants, retail and other services in Downtown and Depot Town. Shuttle services will be available between the Student Center, SPARK East and Depot Town.
  • Video Competition: Enter the pre-event video contest and tell why you love Ypsi. Videos will be posted on a You Tube site for voting. Visit: for more information.

You're invited to check out this great town. If you're in the area, stop by. I'm hosting one of the Open Houses at 1208 N. Congress.

Tuesday, October 13, 2009

September 2009 Ann Arbor Home Sales Report

September2009 comparative analysis shows an average sales price drop of just 2.9% over September 2008. This is an average sales price improvement of +7.5% over the prior month (August - August) comparison. The Year to date average sales price drop improved from -17.8% in August to -16.1% in September. Also notable in September is an 8.1% increase in unit sales over September 2008. 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:

SFH Listings in September 2008: 633
SFH Listings in September 2009: 533
Decrease: 15.8%

SFH Sales September 2008: 244
SFH Sales September 2009: 264
Increase: 8.1%

SFH Sales Year to Date 2008: 2,398
SFH Sales Year to Date 2009: 2,245
Decrease: 6.4%

SFH Avg. Sales Price September 2008: $188,774
SFH Avg. Sales Price September 2009: $183,344
Decrease: 2.9%

SFH Avg. Sales Price Y.T.D. 2008: $220.089
SFH Avg. Sales Price Y.T.D. 2009: $184,829
Decrease: 16.1%

Friday, October 9, 2009

Ann Arbor Homes For Sale Hotsheet: Week of 10/02 - 10/09/2009

31 homes have come on the market in the immediate Ann Arbor area in the past week. On the high end is a 4 bedroom, 3 1/2 bath newly renovated 3475 foot Energy Star home in the Angell School district listed at $875K, or almost $252 per square foot. On the other end of the spectrum is a 3 bedroom 1 1/2 bath, 975 square foot ranch, listed at Short Sale at $89K, or $92.20/ sq. ft..

There are a total of 637 active listings in Ann Arbor, which is up 3.7% over the same time last year. There are a total of 31 homes on the market at $1 million or above. The high is a 15,000 square foot home listed at $2,990,000. The average listing is a 3 bedroom, 2 bath, 2368 square foot home, which is on the market at $412,982, or $164.17/ sq. ft. This is up by 1% over the October 2008 Average List Price of $408,891.

Our Real Estate One First to Know program can make you an area Real Estate Insider. By signing up with our program, you can be emailed detailed information on new homes that meet your search criteria, the minute they hit the market. Real Estate One has all listings throughout the state of Michigan, not only in Ann Arbor. If you would like more information on First To Know, please visit, or contact me for more details.

Thursday, October 1, 2009

Ann Arbor Listing Inventory: October 2009

Let's kick-off October with a new regular post regarding home inventory for Ann Arbor, Michigan. A quick look at our MLS shows a total of 542 Active Listings in the immediate Ann Arbor area. The listings range from a 702 Square foot, 2 BR, 1 BA home on the market for $39,900 to a 7 Bedroom; 7 Bathroom 15,000 Square Foot home on the market for $2,990,000. The 542 listings average out as 3 bedrooms; 2 bathrooms, 2434 square feet at a list price of $437,235, or $169.62 per square foot.

The 542 Listings break down by price as follows:

Up to $100K = 13 listings
$101K - $200K = 139 listings
$201K - $300K = 135 listings
$301K - $400K = 61 listings
$401K and up = 194 listings

If you have any interest in learning more about any of these listings, please feel free to drop me a note or give me a call.