Blog

1. Ann Arbor Condo Report – June 2021

   Published 4 years ago

   Sale Prices Continue to Climb Two things moved up this past month for Ann Arbor condos, new inventory and the average sale price. June saw a total of 125 new condos added to the market, a 27.6% change from the 98 the previous June. There was a very minimal decline in the amount of sold… read more

2. What is an Appraisal Gap and Why Are They Happening Now?

   Published 4 years ago

   In today’s real estate market, low inventory and high demand are driving up condo and home prices. As many as 54% are getting offers over the listing price, based on the latest Realtors Confidence Index from the National Association of Realtors (NAR). Shawn Telford, Chief Appraiser at CoreLogic, elaborates: “The frequency of buyers being willing… read more

3. Ann Arbor Condo Report – May 2021

   Published 4 years ago

   A Significant Increase in Sold Ann Arbor Condos Although the amount of added inventory for Ann Arbor condominiums is starting to cool, sales are going full steam ahead. There was a 5.3% increase for new listings from 113 last May to 119 recently. Sold condos on the other hand jumped from 35 to 77, a… read more

4. Keep Calm and Move On: How to Tackle a Long-Distance Relocation

   Published 4 years ago

   Whether you’re heading down the street or to a new town, moving is always a tough transition. However, a long distance relocation presents a whole new set of challenges you might not have considered. Picking up your life can be an exciting change, but it’s also a bit overwhelming. Need some help navigating the process?… read more

5. Exposing the 4 Factors Agents Use to Price Your Condo Right

   Published 4 years ago

   Key Takeaways: Before you list your condo, it’s crucial to understand how much a buyer would be willing to pay for it. Your agent will use a variety of factors to determine a competitive list price—and some of them might be a little unexpected. If you’re looking for a fast and accurate way to price… read more

6. Ann Arbor Condo Report – April 2021

   Published 4 years ago

   Indicators of a Seller’s Market All of the market statistics for Ann Arbor condos increased this April, therefore displaying favor towards sellers. Firstly, there was a significant 94.1% increase in added inventory from 51 condos to 99 this past month. The average days on the market rose only by 1 day, coming to 27 days… read more

7. Is Homeownership Still Considered Part of the American Dream?

   Published 4 years ago

   Since the birth of our nation, homeownership has always been considered a major piece of the American Dream. As Frederick Peters reports in Forbes: “The idea of a place of one’s own drives the American story. We became a nation out of a desire to slip the bonds of Europe, which was still in many… read more

8. Ann Arbor Condo Report – March 2021

   Published 4 years ago

   Rise in Listed and Sold Inventory Ann Arbor condos saw an increase in all of their statistics in the month of March. 100 units were added to the market, versus the 91 last March, a 9.9% increase. The average listing price for these condos went from $283,169 before to $394,977, a considerable 39.5% rise. There… read more

9. Searching for a Smaller Home or Condo? Here are the Top Tips for Downsizing

   Published 4 years ago

   Downsizing can be a great choice for homeowners looking to make a financial or lifestyle change. After all, a smaller amount of space means less money on utility bills and less stress from clutter. Are you a recent empty-nester? Moving for financial reasons? Or maybe you’ve watched a few episodes of Tidying Up with Marie… read more

10. Ann Arbor Condo Report – February 2021

    Published 4 years ago

    New Inventory Hits the Ann Arbor Condo Market This month saw a significant 29.7% increase in condos added to the Ann Arbor market, there were 83 new units compared to the 64 last February. The average listing price for these condos came in at $404,727, which is a  23.7% rise from the ALP of $327,271… read more