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Washtenaw County Market Update

by Tom Stachler,ABR,CDPE - Group One Realty Team
 
 
 
 
 
 
 
 
2019 Review/2020 Outlook
 
Affordable Markets Continue to Shrink
 
After a decade of price increases, entry-level buyers struggle to find affordable move-in-ready housing. Homes that were affordable in the recent past continue to move beyond their range. Between 2016 and 2019, the number of under-$300k sales dropped 31% from 2,451 to 1,695. Washtenaw County's upper-end markets continue to thrive. Sales in both the $300k to $600k and the over-$600k markets were up 10%.
 
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626
AVAILABLE HOMES
-21% from last month
 
 
221
NEW PENDINGS
-1% from last month
 
 
 
 
3,550
YTD CLOSED SALES
no change from last year
 
 
$349k
YTD AVG. SALES PRICE
+4% from last year
 
 
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Think your Property Taxes are too high?

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

Disagree with your local Assessor - Paying to much for Property Taxes?

It is that time of the year again when property owners get their assessments for the local assessor.  If you feel the amount is too high, check out the video below and let us know if you have any questions.  

If you do not wish to appeal yourself (it's an easy process) then there are attorneys I can recommend who will do this for you.  The initial process with the local tax board of review is free and they will give you 10 minutes to make your case then get back to you two weeks later.  If you disagree with their determination, then the appeal application to the state is free for your Home or $75 for investment property at this state level. 

Check out the suggestions in the video and keep in touch.  

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