Friday, July 23, 2010

Ann Arbor Bach Scool District Mid- Year Market Snapshot

Within the Bach School District of Ann Arbor, there have been 22 sales since January 2010. The average sales price was $247,086, or $177.33 per square foot.
Currently, there are 34 homes on the market in the Bach School District with an average list price of $282,891, or $179.74 per square foot.

Thursday, July 15, 2010

Ann Arbor Residential Listings: Mid-Year Snapshot

Very interesting visual on the lising inventory of Single Family Homes. The Blue line represents January - June 2009, and the Red line represents the same period in 2010.

Wednesday, July 14, 2010

Ann Arbor Average Home Sales Price

I've created a visual representation comparing Average Sales Price for Ann Arbor Homes 2009 vs. 2010.

As the graph indicates, the red line, which was the 2009 trend, was fluctating wildly during January - June 2009.

The Blue line represents Average Sales Prices for January - June 2010. As you can see, the trend is positive, consistently growing, and is very encouraging.

During the past four months, the average sales price has risen by over 26%. From $162,740 in March to $205,994 in June 2010

Monday, July 12, 2010

June 2010 Ann Arbor Real Estate Sales Report

No doubt, the Federal Tax Credit continued to boost the overall Ann Arbor Real Estate market in June 2010. Sales in units are UP and Average Sales Price Year to Date is UP. Unit sales were up by 12.1%% over June 2009, marking EIGHT consecutive months of year over year growth.

November 2009: Sales up by 32%
December 2009: Sales up by 6%
January 2010: Sales up by 7.8%
February 2010: Sales up by 23%
March 2010: Sales up by 22%
April 2010: Sales up by 14.2%
May 2010: Sales up by 38.6%
June 2010: Sales up by 12.1%

Also, after a dramatic drop of -21.1% in Average Sales Price in May 2010 over May of 2009, the average sales price in June was just 0.04% below June of 2009.

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 Sales June 2009: 346
SFH Sales June 2010: 388
Increase: 12.1%

SFH Sales Y.T.D. 2009: 1,350
SFH Sales Y.T.D. 2010: 1,614
Increase: 19.5%

SFH Avg. Sales Price June 2009: $206,738
SFH Avg. Sales Price June 2010: $205,994
Decrease: -0.04%

SFH Avg. Sales Price Y.T.D. 2009: $178,431
SFH Avg. Sales Price Y.T.D. 2010: $180,760
Increase: 1.3%

Thursday, July 8, 2010

MICHIGAN: Help For At-Risk Michigan Homeowners (2010-07-07)

Governor Granholm says there will be more help soon for some families at risk of losing their homes to foreclosure.

Michigan will use $154 million in federal funding to help homeowners on unemployment, or who have missed a payment or lost family income because of illness or a change in job status.

"There are few other states as hard hit as Michigan has been as a result of the challenges to our automotive economy," says Granholm, "and we are very grateful for the opportunity to relieve the stress, potentially, of up to 17 thousand homeowners in Michigan."

But the demand for help is much bigger, with tens of thousands of homeowners possibly facing foreclosure. Starting Monday, the assistance will be awarded on a first-come, first-served basis. (Website:

MICHIGAN: Help For At-Risk Michigan Homeowners (2010-07-07)

Tuesday, July 6, 2010

REO inventory swells again | Inman News

The number of homeowners who were 90 days or more late on their mortgages or in the foreclosure process continued to ease during May, but inventories of bank-owned properties grew for the fifth month in a row, according to the latest statistics collected from loan servicers by Lender Processing Services. Please click the link for the detailed story.

REO inventory swells again | Inman News

Friday, July 2, 2010

FREE Online Home Energy Audit From DTE

I'm going to give a big shout out to DTE for taking proactive steps to help their customers learn how to save energy. There are lots of great tools on their website to help you get educated.

For example, MyEnergy Analyzer is an interactive tool that helps you easily evaluate how you use energy in your home and where you can save.

When you sign in, MyEnergy Analyzer pulls data from your bill history to give you a custom analysis. Please enable/accept cookies to get the optimal value from this tool.

* Get customized energy savings tips - find out where your home energy dollars are being spent
* Use the interactive cost calculators to determine how much you're spending to run appliances and equipment
* Run 'what-if' tests to see which improvements will give you the best return on investment

If you don't want to sign in, you can use the Home Energy Center instead to get generic advice.

* Compare your energy use with that of other typical homes
* Get an estimated breakdown of where your energy dollars are being spent
* Find general ways to reduce energy costs each month