Real Estate Information Archive


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University of Michigan Museum of Art

by Tom Stachler,ABR,CDPE - Group One Realty Team

One of the most agreeable aspects of owning property in the Ann Arbor area is the wealth of resources associated with the University of Michigan. Among the best of these is the University of Michigan Museum of Art (UMMA.) Founded in 1909, UMMA is one of the largest university art museums in the United States, with a permanent collection that includes nearly 19,000 objects.

About the Museum

The University of Michigan Art Museum is housed in a 94,000-square-foot exhibition space that combines the historic Alumni Memorial Hall with the new Frankel Wing. The remodeled museum, opened in 2009, houses a variety of permanent and temporary exhibits. Highlights of the museum's permanent collection include works by Pablo Picasso, Claude Monet, James Whistler, Claes Oldenburg and Max Beckmann. The collection includes examples of American, European, Asian, Middle Eastern and Asian art and spans from the pre-Columbian era to modern times.

Visiting the Museum

UMMA is located on State Street on the U of M campus. The museum is open Tuesdays through Saturdays from 11:00 a.m. to 4:00 p.m. and Sundays from noon to 5:00 p.m. The museum is closed on Mondays. Admission to the museum is free, but donations are encouraged.

Special Museum Programs

In addition to the permanent and temporary art exhibits, UMMA hosts a full schedule of classes, lectures and special programs. These include drop-in art classes, poetry readings, parent and children art workshops, film screenings and gallery talks. The museum also offers a variety of art tours that focus on examples in the collection of a particular artist, period or genre.

Other Ann Arbor Area Museums

UMMA isn't the only museum in the greater Ann Arbor area. The Cranbrook Museum in Bloomfield Hills features a changing array of modern art exhibits. The Detroit Institute of Arts, located two miles north of downtown Detroit, houses one of the largest and most diverse art collections in the United States. And, the Henry Ford Museum in Dearborn features a huge collection of historic objects and Americana.

Sales are Up According to Ann Arbor Board of Realtors

by Tom Stachler,ABR,CDPE - Group One Realty Team

The number of Home sales in Washtenaw County has increased as of September, 2012 compared to the same period in 2011, according to the Ann Arbor Area Board of Realtors. Virtually all segments of the real estate market are growing, with residential properties leading at 7.23 percent. Residential properties had an average sales price of $214,059 for September, 2012, an increase of 12.5 percent over the same period last year.

Washtenaw County Real Estate Numbers

In addition to residential properties, condo sales are up 6.1 percent, compared to this time last year, with an average sales price of $127,500. The average number of days that properties sit on the market has also improved, dropping from 76 in 2011 to 59 in 2012.

A Seller's Advantage

What do these number mean to you, an Ann Arbor area homeowner? If you've been waiting to sell your home until the economy improves, this may well be the right time to list your home. Although home sales prices have increased, the average number of listings is still lagging behind. In fact, there are 20 percent fewer properties on the market this year than in 2011. This means there are more people willing to buy property, but not more homes on the market. That's a recipe for selling your home quickly and for the top dollar possible.

Buyers are ready

Real estate sales figures aren't the only good news in the Washtenaw County and Ann Arbor area. Unemployment in our area is down to five percent, a decided improvement compared to previous years. In addition, mortgage interest rates are still at historic lows. According to the Ann Arbor Board of Realtors, many potential home buyers are already approved by their bank for a home loan and are just waiting to find the right property. Who knows? Maybe your house or condo is the new home they've been looking for.

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