Studio Four8, Author at Ann Arbor Real Estate

September 29, 2021September 29, 2021

Dexter, Michigan Real Estate Market Update | August 2021

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 2021 Dexter real estate market continues to be a strong seller’s market, with low inventory levels, strong price appreciation, and many over list price sales occurring. These August 2021 stats are compared to the previous year’s August 2020 statistics, which means for the year over year comparisons, numbers of transactions, and days on market can be skewed because there was a hot moment where real estate was effectively brought to a standstill. (Thanks, Covid-19.)

Average Sales Price

The average sales price for a single family property (house or condo) sold in Dexter in the month of August 2021, was $480,367. Compared to August of 2020, this is up 21.01%. The median sales price also saw a pretty significant jump in August. Median sales price rose 12.25% to $437,500, when comparing August 2020 to August 2021. There is some great home price appreciation happening here!

Days on Market

Properties sold in August of 2021 were on market for an average of 25 days. This is down 19.27% from August 2020.

Properties Sold At or Above List Price

August of 2021 saw a 5.56% increase in the number of properties sold, compared to August of 2020, with a total of 38 properties receiving new owners.

A newly tracked statistic for the Studio is the percentage of properties each month that sell at or above list price. This metric is another way to gauge the supply/demand inequity in the Dexter market. In August of 2021, 65.79% of the properties sold at or above list price.

When over half of all home sales are at or above list price, you can be sure that there is fierce competition among buyers for the limited stock of inventory that is coming to market. 25 of the 38 properties sold at or above list price this month.

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 current market, regardless of the conditions. The current market conditions favor sellers. This is evident by the short days on market, and the percentage of properties selling at and above list price. So, for sellers, this is a great time to be selling. Reach out to a Studio Four8 agent and learn how we maximize the market conditions for your specific home selling scenario.

For purchasers, this is a challenging market, to be sure. Chat with an agent at the Studio and learn how your offer will be considered by a seller, and how we can shorten your time looking for a property.

Dexter Real Estate Market Snapshot Shareable Graphic

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September 21, 2021September 21, 2021

Lincoln School District Real Estate Market Update | August 2021

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

Lincoln School District Real Estate Market

In August 2021 the Lincoln school district’s real estate market continues to be a strong sellers market, with low inventory levels, strong price appreciation, and many over list price sales occurring. These August 2021 stats are compared to the previous year’s August 2020 statistics, which means for the year over year comparisons, numbers of transactions, and days on market can be skewed because there was a hot moment where real estate was effectively brought to a standstill. (Thanks, Covid-19.)

Average Sales Price

The average sales price for a single family property (house or condo) sold in the Lincoln School district in the month of August 2021, was $299,639. Compared to August of 2020, this is up 23.57%. The median sales price also saw a pretty significant jump in August. Median sales price rose 20.93% to $299,900, when comparing August 2020 to August 2021.

Days on Market

Properties sold in August of 2021 were on market for an average of 10 days. This is down over 55.41% from August 2020. This means that homes are sitting on the market for just barely over a week before being snatched up.

Properties Sold At or Above List Price

August of 2021 saw a 30.51% decrease in the number of properties sold, compared to August of 2020, with a total of 41 properties receiving new owners.

A newly tracked statistic for the Studio is the percentage of properties each month that sell at or above list price. This metric is another way to gauge the supply/demand inequity in the Lincoln School district’s market. In August of 2021, 82.93% of the properties sold at or above list price. Out of the 41 properties sold, 34 were sold at or over list price.

When over 80% of all home sales are at or above list price, you can be sure that there is fierce competition among buyers for the limited stock of inventory that is coming to market.

What to do With This Information?

If you own a place in the Lincoln School district, or are thinking of purchasing in the Lincoln school district, Studio Four8 is here to help you navigate the current market, regardless of the conditions. The current market conditions favor sellers. This is evident by the short days on market, and the percentage of properties selling at and above list price. So, for sellers, this is a great time to be selling. Reach out to a Studio Four8 agent and learn how we maximize the market conditions for your specific home selling scenario.

Lincoln Schools District Real Estate Market Stats Snapshot Shareable Graphic

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Previous Market Update

September 21, 2021October 21, 2021

Rivergrove Village Condo For Sale | 2634 Ambassador Dr, Ypsilanti MI 48198

This is the end-unit, updated ranch Rivergrove Village condo for sale that you’ve been waiting for!

You don’t have to give up on having first-floor living with a 2 car attached garage and a full, daylight basement that is plumbed for a bathroom with 9.5′ high ceilings.

Wow factors inside and out: the pond/nature view in the back is stunning and provides beauty and privacy year-round. Enjoy it from your deck or from the south facing windows in your primary suite with cathedral ceiling and incredible walk-in closet with all new custom shelving and storage.

The primary bath offers new granite counter, updated fixtures and mirror. Gorgeous light fixtures throughout, hand-scraped hardwood flooring, professional paint, skylights and a built-in TV cubby over the fireplace.

Open kitchen with new hardware, stainless appliances and a double stainless sink with new faucet. Second bedroom currently used as a home office is adjacent to a second full bathroom with updated cork floor.

Practical matters incl: replaced AC and H20, Nest thermostat, all new smoke detectors, garage door opener and more. HOA takes care of your lawn, snow and water bills. This convenient location is just 15 mins from either St. Joseph hospital or DTW; either direction is easy.

List Price:

$218,000

Details

Ypsilanti home for sale

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Contact Sara for More Information About this Rivergrove Village Condo For Sale

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September 21, 2021October 21, 2021

Saline Colonial For Sale | 662 Woodhill Dr, Saline, MI 48176

Classic Saline colonial for sale on a beautiful ½ acre lot, but with City water and sewer!

This one-owner home has a peaceful setting, with mature pear and apple trees right off the huge deck and patio.

A big front porch faces east, with the backyard capturing the evening sun.

An enormous family room with vaulted ceiling and fireplace is open to the kitchen. Breakfast area, formal dining and living room, of course – and there is also a private home office on the first floor.

The large mudroom off the garage could be converted to a first-floor laundry. Four generous bedrooms upstairs including a primary with en suite bath.

The basement is wide open, usable space and offers another office area with convenient ½ bath.

This house is a great chance to move in and update the cosmetics, as nearly all the mechanicals have been updated: hot water heater, AC, furnace and roof all replaced within the past 3-5 yrs. New stove (’21) and hood (’20), driveway (’20), garage opener (’20). A solid home with a happy history and great location.

List Price:

$380,000

Details

Ypsilanti home for sale

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Contact Sara for More Information About this Saline Colonial For Sale

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September 21, 2021November 3, 2021

Brassow Woods home for Sale | 5510 Katz Farm Ct, Saline, MI 48176

Light, bright and beautiful, Brassow Woods home for sale on an acre of private, landscaped lawn and trees!

Saline schools and Lodi low taxes, halfway between Ann Arbor and Saline, this peaceful spot will win over buyers looking for a move-in ready home with large rooms and updated décor.

The open kitchen features a large island, stainless appliances and walk-in pantry. Two-story family room has a show-stopper fireplace, overlooking the west-facing backyard.

First floor with hardwood floors and updated lighting, a private home office with French doors, front living room and formal dining room. The laundry room is huge, with ample cabinet/storage space and new flooring.

Upstairs, find four bedrooms incl a princess/guest suite, Jack-n-Jill bath, and a bonus loft that makes for either a second home office or pleasant place to read and relax.

Primary bedroom with cathedral ceiling, walk-in closet and luxury bathroom: separate tub/shower, double sinks and massive amnt of counter space.

The backyard is sheltered with a perimeter of mature trees, plus a lovely deck and gazebo that will have you eating outside every possible evening! Unfinished basement is a blank slate for your future expansion. This home is offered through corporate Relocation; ask agent for addenda.

List Price:

$575,000

Details

Ypsilanti home for sale

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Contact Sara for More Information About this Brassow Woods Home for Sale

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September 20, 2021October 21, 2021

Luxury Ann Arbor Home | 4235 Littledown Rd, Ann Arbor, MI 48103

What’s up in The Downs? An absolutely spectacular 6 acre estate wonderfully perched on a rolling hillside that will be your perfect recipe for living your best life! When the request is to have it all, this home delivers.

A grand sweeping staircase and crystal chandelier will define making an entrance that sets the stage for this terrific floor plan.

Within it’s over 6000 finished square feet sits 5 bedrooms, 5.1 baths, open chefs kitchen with top appliances, great room to screened in porch, first floor primary suite, walk out lower level with wellness area, wine cellar, and a two story living room with a walk out terrace facing – what else – your own private swimming pool and spa area!

Take the custom landscaped steps with waterfall and koi pond down to what is sure to be your favorite place to start or end your day. Unwind, recharge, create, focus, relax, you name it, it all happens here!

If you feel the need to venture away from this incredible property, you are steps to the Huron River, Delhi Park, and minutes to westside shopping or downtown Ann Arbor. This true smart home will be your smartest decision – don’t wait to hear the words, sold, come see it now!

List Price: $1,359,000

Details

Ypsilanti home for sale

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Contact Jeffrey Post for More Information about this Luxury Ann Arbor Home

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September 17, 2021September 17, 2021

Ann Arbor Michigan Real Estate Market Update | August 2021

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!

Todd Waller Breaks Down the Numbers

Ann Arbor Michigan Real Estate Market

The 2021 Ann Arbor real estate market continues to be a strong sellers market, with low inventory levels, strong price appreciation, and many over list price sales occurring. These August 2021 stats are compared to the previous year’s August 2020 statistics, which means for the year over year comparisons, numbers of transactions, and days on market can be skewed because there was a hot moment where real estate was effectively brought to a standstill. (Thanks, Covid-19.)

Average Sales Price

The average sales price for a single family property (house or condo) sold in Ann Arbor in the month of August 2021, was $430,027. Compared to August of 2020, this is up 3.34%. The median sales price fell a little bit this August. Median sales price fell 3.83% to $352,950, when comparing August 2020 to August 2021.

Days on Market

Properties sold in August of 2021 were on market for an average of 23 days. This is down nearly 31.19% from August 2020.

Properties Sold At or Above List Price

August of 2021 saw a 8.67% increase in the number of properties sold, compared to August of 2020, with a total of 188 properties receiving new owners.

A newly tracked statistic for the Studio is the percentage of properties each month that sell at or above list price. This metric is another way to gauge the supply/demand inequity in the Ann Arbor market. In August of 2021, 63.7% of the properties sold at or above list price; so that means of the 188 homes sold, 131 sold at or above listing price.

When more than half of all home sales are at or above list price, you can be sure that there is fierce competition among buyers for the limited stock of inventory that is coming to market.

What to do With This Information?

If you own a place in Ann Arbor, or are thinking of purchasing in Ann Arbor, Studio Four8 is here to help you navigate the current market, regardless of the conditions. The current market conditions favor Ann Arbor sellers. This is evident by the short days on market, and the percentage of properties selling at and above list price. So, for sellers, this is a great time to be selling. Reach out to a Studio Four8 agent and learn how we maximize the market conditions for your specific home selling scenario.

For purchasers, this is a challenging market, to be sure. Given that this is Ann Arbor, though, demand will always run higher than other communities around South East Michigan. Chat with an agent at the Studio and learn how your offer will be considered by a seller, and how we can shorten your time looking for a property.

Ann Arbor Michigan Real Estate Market Snapshot Shareable Graphic

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Previous Market Update

September 16, 2021October 21, 2021

Foxfire Condo For Sale | 3113 Fawnmeadow Ct, Ann Arbor, MI 48105

The neighborhood you’ve been waiting for and the floor plan you need! This Foxfire Condo is for sale!

Foxfire in Ann Arbor’s north east side has long been a favorite because of its large, open yards, community playgrounds and soccer field, and proximity to shopping and UM north campus.

This home is a modern colonial featuring a vaulted family room with wood-burning fireplace, a formal dining room with tray ceiling, living room for entertaining, and a very desirable first-floor study with French doors.

The huge laundry/mudroom with cabinets and new washing machine is a great practical attribute.

Upstairs, four bedrooms including a generous primary suite. Unfinished basement is an opportunity to build equity and customize your space.

Brand new carpet and paint throughout, plus updated lighting and granite counters are attractive details.

The classic front porch faces SE and is the perfect place to get to know your cul-de-sac neighbors, and the backyard is a sunny blank slate for your gardening dreams. Just around the corner from Foxfire’s largest park.

List Price:

$450,000

Details

Ypsilanti home for sale

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Contact Sara for More Information About this Foxfire Condo For Sale

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September 15, 2021October 21, 2021

Novi Ranch for Sale | 48765 Thornbury Dr, Novi, MI 48374

This updated Pebble Ridge Estates ranch is waiting for you to call it home. Approaching this home, the covered porch gives you a view on the neighborhood.

Upon opening the door, gleaming hardwoods escort you throughout the entire entry level. The gourmet kitchen has granite counters, stainless steel appliances, and room for prep and entertaining.

Immediately off the kitchen is a functional mud/utility room that leads to the attached garage, and separate laundry room.

The great room, adjacent to the kitchen has room for both dining and entertainment. Further entertaining can be had via the sliding doors to the full sized deck.

Two bedrooms offer a retreat, with the main suite providing a respite from the everyday. The main suite also offers access to the deck via sliding doors. The finished basement offers further entertainment with an ultra-quiet space due to sound deadening finished wall panels.

List Price: $400,000

Details

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Contact Todd Waller for More Information on this Novi Ranch for Sale

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September 14, 2021October 21, 2021

The Pointe at Island Lake Condo For Sale | 9579 Lakeside Dr, Ypsilanti, MI 48197-3032

2nd floor Baybreeze model at the Pointe at Island Lake with private entrance and attached garage. Two bedrooms, plus an additional space (approx 11’11x 10’6) currently used as a sitting room but would also make an excellent home office and could easily be converted to a third bedroom.

Catch the afternoon sun across the balcony and into the main space with open kitchen, dining area and living room with vaulted ceiling. All appliances stay including newer washer/dryer and new dishwasher. Primary suite features walk-in closet and double sinks in the bathroom.

Second bedroom is located across from the second full bath, rounding out a great floor plan! The Pointes offers an inground pool, open common space, community clubhouse and proximity to Ford Lake, Lakeside Park and the unbeatable Ford Heritage Park with softball fields, running paths and accessible playground.

Shopping and freeway access is close enough to make commuting easy, but not so close as to disturb the peace of this pretty neighborhood tucked away in the Township. Other improvements: new hot water heater, garage door opener, ceiling fans.

List Price:

$165,000