Blog

  1. Ann Arbor Condo Report – February 2020

    Lower Prices for Ann Arbor Complexes In the month of February, Ann Arbor condo units experienced lower prices overall. The average listing price decreased slightly by 3% from $361,306 to $350,632. More listings were entered this past month though, last February had 43 while most recently 52 condos were added, a 21% increase. As for… read more

  2. Downtown Ann Arbor Condo Market Update – 4th Quarter 2019

    The Downtown Ann Arbor Condo Market saw 12 closings in the 4th Qtr of 2019 with three of them being new construction condos at Kingsley Condos. This compares to only 3 closings in the 4th Qtr of 2018. Three of the downtown sales are located at 515 N. Fifth Ave, which is a 4-plex built… read more

  3. Condo Buying Terminology: A Cheat Sheet

    Buying a condo or home shouldn’t be rocket science. You find the perfect place, make an offer to the seller, pay a couple of fees, and bam! You just bought a home. However, buying a condo actually has a lot of moving parts which include a number of funny real estate terms you’ve probably never… read more

  4. Ann Arbor Condo Report – December 2019

    A Decline in Prices in All Domains There has been a decrease in both listing and selling prices for monthly and year-to-date numbers for Ann Arbor condos. Firstly, there has been a 29.6% fall in the amount of entered inventory for the month of December with 19 units being added, compared to the 27 previously…. read more

  5. Ann Arbor Condo Report – November 2019

    Decrease in Sold Ann Arbor Condos Ann Arbor condos have seen an overall decline in inventory, more prominently for the amount of sales. A total of 45 condos have been listed this past November, and this is a 21.1% decline from the 57 previously. The average listing price has also declined from $380,532 to $329,900,… read more

  6. Saving up for a New Home or Condo? Here Are All the Costs You Need to Know

    Once you’ve found the perfect home or condo and secured the loan, all that’s left to do is start chipping away at those mortgage payments…right? In actuality, there are a handful of other, often-overlooked expenses that come with buying a home, but as long as you know what you’re getting into, they’re plenty manageable. Take… read more

  7. Ann Arbor Condominium Report – September 2019

    Listing Prices Remain Consistent Overall, there has not been much variance in the statistics for Ann Arbor condos compared to the 2018 numbers. In the month of September, listing prices declined minimally from $322,848 last year to $315,491 currently. 62 condos were listed for sale and this is a 19.2% increase compared to the 52… read more

  8. Mortgage 101: What To Know Before You Apply

    Everybody loves talking about mortgages. They’re fun, easy to understand, and a great icebreaker, right?….Wrong. Thanks to their lengthy process, technical jargon, and confusing options, mortgages have a bit of an intimidating reputation—but it doesn’t have to be that way! If you’re in the process of buying a new condo and dreading the mortgage application… read more

  9. Homeowners Are Happy! Renters? Not So Much.

    When people talk about homeownership and the American Dream, much of the conversation revolves around the financial benefits of owning a home or condominium. However, two recent studies show that the non-financial benefits might be even more valuable. In a recent survey, Bank of America asked homeowners: “Does owning a home make you happier than… read more

  10. Ann Arbor Condominium Report – August 2019

    Slow Activity for Sellers In the month of August, Ann Arbor condos saw a decline in both the average selling price and the amount of properties sold. 68 condos were listed for sale this past month, which is a 8.1% difference compared to the 74 entered last August. The average listing price rose 19% from… read more