treetowntalk.com

These facts are true about the Ann Arbor real estate market:

• The closer to campus the more money per square foot will be paid for the property.
• Homes which can be walked/biked from and to campus/downtown are the most desirable (back to the first point).
• Homes which are in good condition sell faster.
• Homes on major thoroughfares take longer to sell or sell for less.
• The more expensive the home, the longer it sits on the market, generally.

We live in an area in which campus and downtown are like lakefront property, there are only so many homes and these homes are limited and the demand is high. The demand will not falter and even after the Ann Arbor market was hit with a major employer pulling out (Pfizer) we did see a softening of the market, but the first to come back are the homes within a mile or two of campus/downtown.

Washington Street

Single Family Homes Sold in Ann Arbor 2009

The graph provides price per square foot for the homes sold with the yellow bar and the lavender bar is the number of homes sold within the area.  Here are the numbers 2009:

Don’t forget to vote!  You will need a photo id to do so.

Here is the link for your voting location:  http://www.a2gov.org/government/city_administration/City_Clerk/Elections/Pages/WardBoundariesMap.aspx

Are you registered:  http://sos.publius.org/publiussearch/enter_criteria.asp?SearchType=verification&SearchPage=ent_name

Here is a link for a sample ballot:  https://webapps.sos.state.mi.us/mivote/ Also a map if you are not in the city of Ann Arbor.

Remember to vote and vote often!!

Well it seems that the National Association of Realtors and the Michigan Association of Realtors had it wrong yesterday.  I need to announce that the $8,000.00 credit is NOT available at the closing table.

It is too early to say that the money is available at the closing table and check back to read the updates as I receive them.  I will keep you posted.

The facts on this page are correct so please reference:  First Time Home Buyer Credit.

The White House and HUD Secretary have announced huge news today.  Federal Housing Administration is going to permit its lenders to allow homeowners to use the $8,000 tax credit as a down payment.

Here is additional information on this credit:  First Time Home Buyer Credit.

If you wonder if it has made a real difference; I can tell you in our market:  YES! The first time home buyers are looking in all areas near Ann Arbor and they are purchasing, but the key continues to be pricing your home properly.

If you would like to know what is for sale, how to price your home or what homes are on the market in your neighborhood, please feel free to call.  I would be happy to discuss the marketplace with you.

The new buzz amoung town is http://annarbor.com  Wonder how much they paid for this domain?

Just wondering here????