Studio Four8, Author at Ann Arbor Real Estate

December 6, 2022December 6, 2022

Ypsilanti Real Estate Market Update | October 2022

Every month Todd Waller dives deep into the previous month’s Ypsilanti real estate market stats and delivers exciting insights into the status of the Ypsilanti, Michigan real estate market. Subscribe to the Studio Four8 YouTube channel and never miss an update again!

Ypsilanti’s Real Estate Market

We are starting to see a shift in the Ypsilanti’s Real Estate market, while some of the statistic we track are reflecting that shift, others are taking time to catch up.

Average Sales Price

The average sales price for a single family property (house or condo) sold in Ypsilanti in the month of October 2022, was $225,008. Compared to October of 2021, this is up 9.45%. Median sales price rose 19.42% to $206,000, when comparing October 2021 to October 2022.

Days on Market

Properties sold in October of 2022 were on market for an average of 28 days. This is up 45.42% from October 2021.

Properties Sold At or Above List Price

October of 2022 saw a 40.70% decrease in the number of properties sold, compared to October of 2021, with a total of 51 properties receiving new owners. This is where we are beginning to see a shift in the market.

The percentage of properties each month that sell at or above list price is a metric is to gauge the supply/demand inequity in the Ypsilanti’s market. In October of 2022, 60.78% of the properties sold at or above list price. So out of the 51 properties receiving new owners, 37 of them sold at or above list price.

What to do With This Information?

If you own a place in Ypsilanti, or are thinking of purchasing in Ypsilanti, Studio Four8 is here to help you navigate the current market, regardless of the conditions. Though the market is shifting, conditions are still good to sell your home and we can help you!

Studio Four8’s YouTube Channel

December 1, 2022December 1, 2022

Best Holiday Local Activities To Check out This Season 2022

The holiday season is here and it’s time to get into the spirit! Luckily, there are many activities around Ann Arbor to spread joy and create lovely memories for many years to come.

See some Spectacular Lights

Glenlore Trails Aurora

Take an immersive night walk where the forest comes alive with lights, sounds, and wonder!

Where: 3860 Newton Road, Commerce Township, MI 48382

When: November 17th – December 23rd

Family friendly fun and magic

Shadford Dr

A private homeowner who sets up a magnificent display every year!

Where: Shadford Road, Ann Arbor, MI, USA

When: December 1st – January 1st

Let it Glow at the Detroit Zoo

Experience the magic of the Detroit Zoo in winter as you take in the sight and sounds of the season. Wild Lights is an event for all ages!

Where: Detroit Zoo

When: Nov. 19, 2022, to Jan. 8, 2023, on select weeknights and most Sundays from 5 to 9 p.m. Most Fridays and Saturdays, the event will take place from 5 to 10:30 p.m.

Check out this List of Holiday Movie Showing Times

Why not go see a holiday movie with the family?

Go See a Showing of The Nutcracker

Randazzo Dance Company’s The Nutcracker with a Twist

Randazzo Dance Company proudly presents its 53rd annual holiday production “The Nutcracker with a Twist.” The renowned score by Tchaikovsky is set to choreography that showcases the talent of the Company. “Twist” features the full Company, and will feature many dancer debuts in new roles, showcasing the vast talent within the Company and providing many opportunities for dancers to shine. The Nutcracker is adapted from E. T. A. Hoffmann’s story The Nutcracker and the Mouse King. The story follows the wondrous journey of young Clara, who receives a nutcracker as a gift at her family’s Christmas Eve party.

Where: Lydia Mendelssohn Theatre – 911 N. University Ann Arbor

When: December 16, 7:30 PM

Eat With Santa

Donuts and Selfies with Santa

Enjoy a snack and get a picture with the big guy himself.

Where: 125 S Main Street, Chelsea

When: December 10th 10:00 AM – 12:00 PM

Snacks With Santa

Kensington Metropark’s annual Snacks with Santa returns for 2021.

You’ll enjoy a horse-drawn hayride or sleigh ride, a holiday singalong, snacks, and a visit with Santa by the Christmas Tree.

Snacks with Santa is offered on Saturday and Sunday from December 10=18. There are multiple 1 hour sessions offered each day at 10:30a, noon, and 2pm. Each session is offered to start with either Santa or the hayride.

Preregistration is required by 4p 7 days in advance of the session.

Where: 2240 West Buno Road, Milford

When: December 10=18. There are multiple 1 hour sessions offered each day at 10:30a, noon, and 2pm

November 30, 2022November 30, 2022

Downtown Saline Home For Sale | 242 S Ann Arbor St, Saline, MI 48176

This center entry, colonial revival cape cod is nice walk from Downtown Saline, and an easy drive into Ann Arbor. With the main bedroom upstairs, and two bedrooms on the entry level, there is space for entertaining and relaxing. Entering the home through the side entry, you are welcomed by a spacious kitchen, with farmhouse sink, and ample storage. The first floor addition adds a combined dining area and family room, with access to your back deck and yard. One first floor bedroom has built in bookshelves, and could easily be used as an office. Upstairs, the whole finished space is a bedroom, with two dormers filling the room with an abundance of natural light. The full basement features the laundry space. Outside, the one car garage and shed offer more storage options.

List Price: $275,000

Details

Square Feet | 1,272
Bedrooms | 3
Baths | 1
Appliances | Refrigerator, Range/Oven, Washer, Dryer, Microwave, Disposal, Dishwasher

Disclosures

Call to Set Up A Showing

Contact Todd Waller for More Information on this Downtown Saline Home For Sale

Studio Four8 Home

About Studio Four8

Studio Four8 Facebook

November 28, 2022November 28, 2022

Dexter, Michigan Real Estate Market Update | October 2022

Every month Todd Waller dives deep into the previous month’s Dexter, Michigan real estate market stats and delivers exciting insights into the status of the Dexter real estate market. Subscribe to the Studio Four8 YouTube channel and never miss an update again!

Dexter’s Real Estate Market

The real estate market in Dexter is under going some changes. In this shifting market, some of the real estate statistic are starting reflect these changes.

Average Sales Price

The average sales price for a single family property (house or condo) sold in Dexter in the month of October 2022, was $474,670. Compared to October of 2021, this is down 5.68%. The median sales price also saw a decrease in October. Median sales price fell 5.98% to $423,000, when comparing October 2021 to October 2022.

Days on Market

Properties sold in October of 2022 were on market for an average of 44 days. This is down 3.36% from October 2021.

Properties Sold At or Above List Price

October of 2022 saw 21 homes receiving new owners, which has decreased 40% as October of 2021.

The percentage of properties each month that sell at or above list price is a metric to gauge the supply/demand inequity in the Dexter market. In October of 2022, 52.38% of the properties sold at or above list price.

What to do With This Information?

If you own a place in Dexter, or are thinking of purchasing in Dexter, Studio Four8 is here to help you navigate the shifting market, regardless of the conditions.

Studio Four8’s YouTube Channel

November 28, 2022November 28, 2022

Ann Arbor Home For Sale | 17 Donegal Ct, Ann Arbor, MI 48104

Welcome to your new Ann Arbor home, located within walking distance to parks, schools, restaurants, and much more! This charming single family home is on a quiet cul-de-sac and has 1960s character with modern amenities. The roof, gutters, windows, hot water heater, and dishwasher have all been replaced in the past 2 years! The front entry welcomes you to a large open living space accompanied by beautiful windows bringing in natural light. Connected to the living room you will find the dining room and kitchen, with a groovy vintage oven and stylish cabinets. Step upstairs to discover 4 bedrooms, beautiful hardwood floors, and a full bathroom with double vanity. The primary bedroom can easily fit a queen bed while even having space for a dresser. The additional rooms could be turned into an office, nursery, or workout space there are so many possibilities! On the lower level you will find the perfect entertaining space, another full bathroom, and access to the backyard. The backyard offers ample room for activities, a large patio for hosting, and even has two rain gardens. This is the biggest lot in the neighborhood! Don’t forget to check out the attached, spacious 2 car garage. Also included is a 1 year home warranty!

List Price: $345,000

Details

Ypsilanti home for sale

Call to Set Up A Showing

Contact Kayla Starck for More Information about this Ann Arbor home for sale

Studio Four8 Home

About Studio Four8

Studio Four8 Facebook

November 23, 2022November 23, 2022

Ypsilanti Township (Lincoln Schools) Real Estate Market Update | October 2022

Every month Todd Waller dives deep into the previous month’s Ypsilanti Township, in the Lincoln School district, of Michigan real estate market stats and delivers exciting insights into the status of the Ypsilanti Township real estate market. Subscribe to the Studio Four8 YouTube channel and never miss an update again!

Ypsilanti Township’s Real Estate Market

We are starting to see a shift in the Ypsilanti Township Real Estate market, while some of the statistic we track are reflecting that shift, others are taking time to catch up.

Average Sales Price

The average sales price for a single family property (house or condo) sold in Ypsilanti Township in the month of October 2022, was $306,737. Compared to October of 2021, this is up .26%. Median sales price fell 4.60% to $301,000, when comparing October 2021 to October 2022.

Days on Market

Properties sold in October of 2022 were on market for an average of 25 days. This is up 90.83% from October 2021.

Properties Sold At or Above List Price

October of 2022 saw a 18.18% decrease in the number of properties sold, compared to October of 2021, with a total of 27 properties receiving new owners. This is where we are beginning to see a shift in the market.

The percentage of properties each month that sell at or above list price is a metric is to gauge the supply/demand inequity in the Ypsilanti township market. In October of 2022, 44.44% of the properties sold at or above list price. So out of the 27 properties receiving new owners, 12 of them sold at or above list price.

What to do With This Information?

If you own a place in Ypsilanti Township, or are thinking of purchasing in Ypsilanti Township, Studio Four8 is here to help you navigate the current market, regardless of the conditions. Though the market is shifting, conditions are still good to sell your home and we can help you!

Studio Four8’s YouTube Channel

November 14, 2022November 14, 2022

Ann Arbor Michigan Real Estate Market Update | October 2022

Every month Todd Waller dives deep into the previous month’s Ann Arbor Michigan real estate market stats and delivers exciting insights into the status of the Ann Arbor Michigan area real estate market. Subscribe to the Studio Four8 YouTube channel and never miss an update again!

Ann Arbor Michigan Real Estate Market

The market is shifting, and while it will take some time for the numbers to catch up, some things are becoming apparent. These October 2022 stats are compared to the previous year’s October 2021 statistics.

Average Sales Price

The average sales price for a single family property (house or condo) sold in Ann Arbor in the month of October 2022, was $486,157, this is up 13.78% compared to October 2021 .The median sales price for Ann Arbor is $420,000 which is up 9.06%.

Days on Market

Properties sold in October of 2022 were on market for an average of 35 days. This is up 27.32% from October 2021.

Properties Sold At or Above List Price

October of 2022 saw a 23.95% decrease in the number of properties sold, compared to October of 2021, with a total of 127 properties receiving new owners.

In October of 2022, 35.43% of the properties sold at or above list price; so that means of the 127 homes sold, 45 sold at or above listing price.

What to do With This Information?

If you are a home owner in Ann Arbor, and would like some guidance in this shifting market, we are happy to help!

Maybe you are looking to pull some equity from your home, we can be your real estate resource.

If you are looking to purchase in Ann Arbor, we have years of experience within the city of Ann Arbor, and will happy to help you find your new home in the city we all love.

Studio Four8’s YouTube Channel

Previous Market Update

October 25, 2022October 26, 2022

Ypsilanti Township (Lincoln Schools) Real Estate Market Update | September 2022

Ypsilanti Township’s Real Estate Market

We are starting to see a shift in the Ypsilanti Township Real Estate market, while some of the statistic we track are reflecting that shift, others are taking time to catch up.

Average Sales Price

The average sales price for a single family property (house or condo) sold in Ypsilanti Township in the month of September 2022, was $327,886. Compared to September of 2021, this is up 10.95%. Median sales price rose 13.48% to $320,000, when comparing September 2021 to September 2022. So the shift in the market is not being reflected in sales price yet.

Days on Market

Properties sold in September of 2022 were on market for an average of 19 days. This is up 8.04% from September 2021.

Properties Sold At or Above List Price

September of 2022 saw a 31.11% decrease in the number of properties sold, compared to September of 2021, with a total of 31 properties receiving new owners. This is where we are beginning to see a shift in the market.

The percentage of properties each month that sell at or above list price is a metric is to gauge the supply/demand inequity in the Ypsilanti township market. In September of 2022, 64.52% of the properties sold at or above list price. So out of the 31 properties receiving new owners, 20 of them sold at or above list price.

What to do With This Information?

Studio Four8’s YouTube Channel

October 18, 2022October 18, 2022

Dexter, Michigan Real Estate Market Update | September 2022

Dexter’s Real Estate Market

The real estate market in Dexter is under going some changes. In this shifting market, some of the real estate statistic are starting reflect these changes.

Average Sales Price

The average sales price for a single family property (house or condo) sold in Dexter in the month of September 2022, was $509,735. Compared to September of 2021, this is up 22.88%. The median sales price also saw a jump in September. Median sales price rose 31.95% to $477,000, when comparing September 2021 to September 2022.

Days on Market

Properties sold in September of 2022 were on market for an average of 36 days. This is up 55.11% from September 2021.

Properties Sold At or Above List Price

September of 2022 saw 36 homes receiving new owners, which has increased 29.17% as September of 2021.

The percentage of properties each month that sell at or above list price is a metric to gauge the supply/demand inequity in the Dexter market. In September of 2022, 54.84% of the properties sold at or above list price. This is up 30.8%.

What to do With This Information?

If you own a place in Dexter, or are thinking of purchasing in Dexter, Studio Four8 is here to help you navigate the shifting market, regardless of the conditions.

Dexter Real Estate Market Snapshot Shareable Graphic

Studio Four8’s YouTube Channel

October 14, 2022October 14, 2022

Ann Arbor Michigan Real Estate Market Update | September 2022

Ann Arbor Michigan Real Estate Market

The market is shifting, and while it will take some time for the numbers to catch up, some things are becoming apparent. These September 2022 stats are compared to the previous year’s September 2021 statistics.

Average Sales Price

The average sales price for a single family property (house or condo) sold in Ann Arbor in the month of September 2022, was $485,883, this is up 7.26% compared to September 2021 .The median sales price for Ann Arbor is $398,500 which is up 1.4%.

Days on Market

Properties sold in September of 2022 were on market for an average of 22 days. This is up 5.62% from September 2021.

Properties Sold At or Above List Price

September of 2022 saw a 25.63% decrease in the number of properties sold, compared to September of 2021, with a total of 148 properties receiving new owners.

In September of 2022, 53.38% of the properties sold at or above list price; so that means of the 148 homes sold, 79 sold at or above listing price.

What to do With This Information?

If you are a home owner in Ann Arbor, and would like some guidance in this shifting market, we are happy to help!

Maybe you are looking to pull some equity from your home, we can be your real estate resource.

If you are looking to purchase in Ann Arbor, we have years of experience within the city of Ann Arbor, and will happy to help you find your new home in the city we all love.

Ann Arbor Michigan Real Estate Market Snapshot Shareable Graphic

Studio Four8’s YouTube Channel

Previous Market Update