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Metro Detroit Market Summary YTD August 2006 vs August 2007

by Group One Realty Team - Real Estate One

 

 Here is a market snap shot of August to date this year compared to last.  One positive sign is the chance of selling a Home in the next 120 days has actually improved in most markets over last year, more of an indication of fewer homes on the market than more sales, but still a healthy sign. The drastic drop in median home values for the City of Detroit is a reflection of the foreclosure/investor market (we are also trying to verify the MLS numbers to be sure they are correct). The median sales price drop reflects what we are feeling in home value shifts. Please call our office if we can be of any assistance at 734-996-0000.  Remember to get the lastest information and listings directly from the MLS click on this link.  For an idea on your homes current market value try this link.

 

June Ann Arbor Area Realty Statistics

by Group One Realty Team - Real Estate One

Statistics can give us a decent picture of what happened in the real estate market. They can also act as a guide in what to expect in today’s market.

While June 2007 residential sales are down about 10% over June of last year, there is strong activity in the summer market. 364 residentila properties were sold in June this year, compared to 404 in June 2006.  Reflecting an increase of 5% in the number of units sold in June 2006, 93 condos were sold in June of this  year.

Current market conditions have created a great time to buy.  The average residential sale price in Washtenaw County was $267,571 in June.  buyers have a rare opportunity to obtain maximum value for their investment dollar.  Inventory is plentiful, interest rates are stable and sellers are ready to move.  The following statistics were provided by the Ann Arbor Area Board of Realtors. 

June 2007

June Report

49th Annual Ann Arbor Art Fair

by Group One Realty Team - Real Estate One

            For those of us who have spent any time hanging around Ann Arbor in the summertime, we surely remember the hustle, bustle and excitement surrounding the Ann Arbor Art Fair.  The Art Fair, originally established in 1960, is a combination of four award winning, independently juried art fairs, held simultaneously throughout Ann Arbor.  This year, the annual Art Fair runs between July 16-19.  The hours on Wednesday, Thursday, and Friday are from 10am – 9pm and Saturday, from 10am – 6pm.  Visitors in town searching for homes will definitly wish to attend this event.  We suggest you go early at 10am (preferably on Wens) thereby avoiding much of the larger crowds and this will help you see most of the display areas.  The cost for attending this renowned event is free!
            Together, the four fairs attract over 500,000 visitors from across America, and create an amazing outdoor gallery featuring over 1,200 artists.  There are an abundance of things to see and do while spending an afternoon outdoors at the Art Fair.  Activities include learning about and Buying art from the nation’s best artists, lively entertainment, artists’ demonstrations, 4 Imaginations Stations for art activities, more than 150 restaurants, and special sidewalk sales from downtown Ann Arbor to the University of Michigan campus.  You can also check out a complete list of exhibiting artists.  This spectacular event attracts the finest artists producing top quality art work in every price range and is considered to be the largest art fair in the country.
            Transportation to and from the Ann Arbor Art Fair is extremely convenient.  There are several parking structures around campus, including the Maynard Parking Structure which has recently been renovated.  It is generally $10 per day for the parking structures and $5 after 5pm.  There is parking in and around nearby neighborhoods for low cost as well.  If you wish to avoid parking downtown near the Art Fair altogether, there are also shuttle buses that run throughout Ann Arbor.  Parking to catch the shuttle bus is available at Briarwood Mall or Pioneer High School.  The AATA Art Fair Shuttles will run every 10-15 minutes from 9am to 10pm, Wednesday through Friday, and on Saturday from 9am to 7pm.  The fares will be $1.50 each way, and children 7 years old and younger ride free.   Click here for a complete list of maps, parking and bus schedule.  You can visit the Visitors and Conference Bureau for infrmation on lodging, restaurants and more. Don't miss this nationally renowned art exhibit here in town! 

submitted by Melissa Ralph

Displaying blog entries 1-3 of 3

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