Blog

1. Ann Arbor Condo Report – July 2020

   Published 5 years ago

   Comparable Inventory for Ann Arbor Condos Besides year-to-date sales, all other inventory for Ann Arbor condos have remained stable. July saw 108 new units hit the market, a 4.9% increase from the 103 last July. The amount of sold condos experienced a decline of 4.8%, from 83 to 79 this past month. As for the… read more

2. Guidance and Support Are Key When Buying Your First Condo or Home

   Published 5 years ago

   In June, the number of first-time homebuyers accounted for 35% of the existing sales, a trend that’s been building steadily throughout the year. According to the National Association of Realtors (NAR): “The share of first-time buyers increased in March through June—right into the heart of the pandemic period and the surge in unemployment—and is now trending… read more

3. Ann Arbor Condo Report – June 2020

   Published 5 years ago

   Listed and Sold Inventory Remain Balanced With the start of summer, the inventory for Ann Arbor condos have maintained their balance. Last June, 68 condos were both listed and sold, and although there was a 14.7% decline on the whole this June, 58 condos were listed and were also sold. The average listing price has… read more

4. What Are the Experts Saying About Future Condo Prices?

   Published 5 years ago

   A worldwide pandemic and an economic recession have had a tremendous effect on the nation. The uncertainty brought about by both has made predicting consumer behavior nearly impossible. For that reason, forecasting prices has become extremely difficult. Normally, there’s a simple formula to determine the future price of any item: calculate the supply of that… read more

5. Condo Buying Has Gone Virtual!

   Published 5 years ago

   Today’s everyday reality is pretty different than it looked just a few weeks ago. We’re learning how to do a lot of things in new ways, from how we work remotely to how we engage with our friends and neighbors. Almost everything right now is shifting to a virtual format. One of the big changes… read more

6. What If I Need to Sell My Home or Condo Now? What Can I Do?

   Published 5 years ago

   Every day that passes, people have a need to buy and sell condos and homes. That doesn’t stop during the current pandemic. If you’ve had a major life change recently, whether with your job or your family situation, you may be in a position where you need to sell – and fast. While you probably… read more

7. Ann Arbor Condo Report – February 2020

   Published 5 years ago

   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

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

   Published 5 years ago

   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

9. Condo Buying Terminology: A Cheat Sheet

   Published 5 years ago

   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

10. Ann Arbor Condo Report – December 2019

    Published 5 years ago

    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