Dexter, Michigan Real Estate Market Update | July 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 July 2021 stats are compared to the previous year’s July 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 July 2021, was $432,183. Compared to July of 2020, this is up 2.10%. The median sales price also saw a pretty significant jump in July. Median sales price rose 9.21% to $415,000, when comparing July 2020 to July 2021. There is some great home price appreciation happening here!

Days on Market

Properties sold in July of 2021 were on market for an average of 23 days. This is down nearly 35.85% from July 2020.

Properties Sold At or Above List Price

July of 2021 saw a 23.73% decrease in the number of properties sold, compared to July of 2020, with a total of 45 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 July of 2021, 71.11% of the properties sold at or above list price.

When 71% 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. 32 of the 45 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

Ann Arbor Michigan Real Estate Market Update | July 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 Walks us through last Month’s Real Estate Stats

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 July 2021 stats are compared to the previous year’s July 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 July 2021, was $455,799. Compared to June of 2020, this is up 11.52%. This may be the highest average sales price that Ann Arbor has ever seen. The median sales price also saw a signifigant jump in July. Median sales price rose 16.88% to $412,000, when comparing July 2020 to July 2021. Phenomenal numbers.

Days on Market

Properties sold in July of 2021 were on market for an average of 16 days. This means on average it only took about 2 weeks for a house to sit on the market before being snatched up. This is down nearly 52% from July 2020. The continuing decline in the number of days on market speaks to a few things. First is housing supply; we simply do not have enough inventory coming to the market to match the demand for Ann Arbor homes. Second is the potentially prolonged times that homes that closed in July of 2020 endured because of the shut down we experienced.

Properties Sold At or Above List Price

July of 2021 saw a 7.21% increase in the number of properties sold, compared to July of 2020, with a total of 223 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 July of 2021, 70.4% of the properties sold at or above list price; so that means of the 223 homes sold, 157 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

Arbor Chase Condo | 5534 Arbor Chase Dr, Ann Arbor, MI 48103

Arbor Chase Condo

This like-new Arbor Chase condo is ready for you!

This second story, one floor living space features custom, hand scraped hardwoods, quartz countertops, stainless steel appliances, and neutral decor throughout.

10′ ceilings and an abundance of natural light give this space a light and airy feel.

The kitchen features 42 inch cabinets, under-cabinet lighting, and generously sized island for food prep or entertaining.

The short balcony off the guest bedroom is perfect for morning coffee and reflection and growing a few plants. The main bedroom ensuite bath features a Euro style shower.

Conveniently located minutes from downtown Ann Arbor, retail, restaurants, and freeways, this condo is well situated in Scio Township with low taxes and Ann Arbor Schools.

List Price: $325,000

Details

Square Feet | 1,540
Bedrooms | 2
Baths | 2.1
Garage | 1 Parking Spot
Appliances | Range/Oven, Refrigerator, Dishwasher, Microwave, Washer, Dryer, Disposal

Arbor Chase Condo Walkthrough With Todd Waller

Contact Todd Waller for More Information on this Arbor Chase Condo

Mid Century Modern Home | 1336 Glendaloch Circle, Ann Arbor, MI 48104

Mid Century Modern Home

The epitome of a Mid Century Modern home, this 2000 square foot masterpiece captures the definition of Mid Century Modern with its clean, simple lines and honest use of materials. The second you step in the door it will take your breath away!

An open 2 story wall of windows spotlight your gorgeous living room with tongue and groove teak ceiling framed by floor to ceiling pinch pleat power curtains. Sunlight and moonlight pour in from every corner.

A great home for entertaining, breeze around your stunning kitchen with floating cabinets and cork flooring while prepping from luxury appliances including Sub Zero, Fisher Paykel, and Thermador.

Effortless design language takes you from living to dining to your walk out private patio to drink in the peaceful zen style gardens and paths.

The Primary suite with picture windows offers a bright, cheery space with built-in closets laid out to keep your life always well organized.

The Guest suite repeats this simplicity, both just steps from the main quarters of the home.

The Mezzanine level brilliantly places this open upper floor plan to offer more living options and the most perfect perch to work, read or relax. Add exquisite extras like pantry, wine wardrobe, lower level fitness area, and more. Let’s do this!

List Price: $649,000

Details

Square Feet | 1,921
Bedrooms | 2
Baths | 2.1
Garage | 2.5 Parking Spots
Appliances | Range/Oven, Refrigerator, Microwave, Dishwasher, Washer, Dryer, Disposal, Bar Fridge, Standby Generator

Ypsilanti home for sale

Contact Jeffrey Post for More Information about this Mid Century Modern Home

Northville 2 Story For Sale | 42273 Ladywood Dr, Northville, MI 48168

Northville 2 Story

A favorite Northville neighborhood, and a favorite floor plan – this Northville 2 story is updated and ready to move in to. Relocation compels the sale of this beautiful Northville 2 story home with amazing windows. 

Buyers will love the private park with tennis and basketball courts, picnic area and playground within walking distance. New luxury plank floors, newer stainless appliances incl. W/D, updated paint and lighting throughout.

Both full bathrooms remodeled in last 5+- years with new floor, beautiful tile accents, vanities, and fixtures. Powder room redone recently as well. Kitchen facelift includes backsplash, new lighting, stainless sink. *Hardwood under the carpet.*

Newer vinyl windows and water heater; new sump. The formal dining room could be a great home office; family room is open to the eating area and overlooks great backyard with paver patio. Basement is open – finish to add instant equity!

List Price:

$396,000

Details

Square Feet | 2,045
Bedrooms | 4
Baths | 2.1
Garage | 2 Parking Spots
Appliances | Range/Oven, Refrigerator, Microwave, Washer, Dryer

Ypsilanti home for sale

Contact Sara for More Information About this Northville 2 Story

Liberty Glen Colonial |480 Burr Oak Dr, Ann Arbor, MI 48103

Liberty Glen Colonial

This Liberty Glen colonial is ready for the next owner. Located within easy access of Lakewood elementary school, this home is deep in the neighborhood.

With 3 bedrooms, 2 full and 1 half bath this home has the space you need with 1,902 square feet.

The eat-in kitchen, with stainless steel appliances, looks out over the newly completed deck, perfect for entertaining or relaxing after a long day.

The cathedral ceilinged family room features two skylights, and a wood burning fireplace.

The full basement features two egress windows and waits your finishing touches. Plenty of storage throughout the home, through the first laundry/utility room and attached garage.

List Price: $400,000

Details

Square Feet | 1,902
Bedrooms | 3
Baths | 2.1
Garage | 2 Parking Spots
Appliances | Range/Oven, Refrigerator, Freezer, Dishwasher, Washer, Dryer, Disposal

Walk through 480 Burr Oak with Todd Waller

Contact Todd Waller for More Information on this Liberty Glen Colonial

Beverly Hills 2 Story Home | 32365 Robinhood Dr, Beverly Hills, MI 48205

Beverly Hills 2 Story

Deep in Nottingham Forest, this expansive colonial is situated on a lot that backs to a private, wooded space.

Upon entering this home, hardwood floors greet and escort you through the living room with space for your baby grand piano, through the formal dining room and into the renovated kitchen.

The kitchen features a double oven, built-in appliances, generous eat-in space, and it flows easily into the family room.

The family room features exposed ceiling beams, and over looks the patio in the backyard. Plenty of light enters via the floor to ceiling windows.

Also on the first floor, a spacious study that looks out onto the front yard. Upstairs, 5 full bedrooms await you, with the main bedroom featuring an ensuite bath. The 6th bedroom upstairs is a part of the in-law suite over the garage.

The in-law suite features its own full bath, kitchenette, and family room, with 1,000 sf of space. The garages feature space for 3 vehicles, easily, and above the front entry garage, is a finished attic space for additional storage, accessible via winched staircase.

List Price: $750,000

Details

Square Feet | 4,015
Bedrooms | 6
Baths | 3.1
Garage | 3+ Parking Spots
Appliances | Range/Oven, Refrigerator, Dishwasher, Microwave, Washer, Dryer, Disposal, Double Oven, Standby Generator

Contact Todd Waller for More Information on this Beverly Hills 2 Story Home

2 Acre Ranch For Sale | 1285 Baker Rd, Dexter, MI 48130

2 Acre Ranch For Sale

Situated on 2 acres of land, this updated and expanded ranch is ready for you.

Acacia hardwood floors greet and escort you throughout the entry level. Family room and kitchen flow together for easy entertaining, or a relaxing evening at home.

Remodeled kitchen features stainless steel appliances, Kraftmaid cabinets, granite counters, and a generously sized island. The kitchen looks into the dining room that has windows for days.

Two bedrooms on one side of the home have a recently updated full bath. The main bedroom features a cedar lined, walk-in closet, and a full, ensuite, bath.

The two acres of land is deep, and features a separate workshop with electricity and chicken coop. Nearly everything has been done for you on this home, with new roof, HVAC, electrical updated within the last 3 years. Refrigerator, range/oven, dishwasher, washer, dryer and microwave all updated within last 6 years.

List Price: $325,000

Details

Square Feet | 1,532
Bedrooms | 3
Baths | 2
Garage | 1 Parking Spot
Appliances | Range/Oven, Refrigerator, Dishwasher, Microwave, Washer, Dryer, Disposal

Contact Todd Waller for More Information on this 2 Acre Ranch For Sale

Farmington Hills Colonial | 36055 Crompton Circle, Farmington Hills, MI 48335

Farmington Hills Colonial

A wonderfully updated colonial in Farmington Hills’ Independence Commons is now available.

Extensive, gleaming, hardwood floors escort you into the home. The updated kitchen features custom cabinets, and a kitchen island built for additional prep space and entertaining. The kitchen and family room feature doorwalls to the back yard and paver patio in the private, fenced, backyard.

The updated utility room/laundry area is spacious, with tile flooring, and lots of space for storage. Upstairs, four bedrooms await you, with the main bedroom featuring an ensuite bath with shower. The other full bath upstairs is conveniently located for the other bedrooms, and features a shower over the tub, tile floors, and newer vanity.

The unfinished basement is spacious, and ready for your finishing touches. The Independence Commons neighborhood features children’s playscapes, tennis and basketball courts, over three miles of walking trails and over 50 acres of green space. All located adjacent to Farmington Hills’ Hillside Elementary School.

List Price: $440,000

Details

Square Feet | 3,017
Bedrooms | 4
Baths | 2.1
Garage | 2 Parking Spots
Appliances | Range/Oven, Refrigerator, Dishwasher, Microwave, Washer, Dryer, Disposal

Contact Todd Waller for More Information on this Farmington Hills Colonial

Charming Ypsilanti Home | 7892 Shire Ln, Ypsilanti, MI 48197

charming ypsilanti home

How This Home Was Sold

At the beginning of July 2021, the sellers approached Todd, and engaged him as their listing agent. This family had a full house of parents and kids. As you will see from the photos and video below, their home was nicely decorated, updated, and appointed.

Located in Ypsilanti Township with Lincoln Schools, and coming to the market in the summer of 2021 meant that our biggest concern to manage was going to be demand for this home.

Here’s the Studio Four8 market update for the July ’21 Lincoln School district.

As you’ll see in the market update, the average days on market was 10 days, and 87.5% of the homes closed in July ’21 were sold for at or above the asking price. So, clearly, demand was outstripping supply, as we brought this home to the market.

With our marketing plan ready to be put in place, utilizing professional photos, professional video, targeted online marketing, the sellers and Todd had a conversation about what to expect on the first weekend of showings. They came to the conclusion that it would be less disruptive if the sellers took a weekend trip that allowed the home to be shown from dawn to dusk.

Over the course of two days, there were 22 showings on this property. In the end, we received 6 offers. Every offer submitted began their bidding over the $325,000 list price. The final offer was for 8.9% more than asking price, $354,000, and the buyers agreed to pay the difference between a low appraisal and the sales price, should the appraisal come in low.

From first meeting about selling to the closing table, was 49 days. They first met on July 1st, had media gathered on July 9th, went live on July 16th, accepted the offer on July 19th, and closed August 19th.

With a simple, quick weekend away, the sellers were able to relax, or at least not be inconvenienced, as their home was viewed by potential purchasers. Sitting at the table with the sellers, after the offer deadline had past, showed the sellers that their time away had been well spent.

With the additional proceeds from their sale, they were able to secure their next home with little concern.


This Whittaker Village colonial, located on a quiet cul-de-sac is waiting for you. A Pottery Barn style permeates this 2,388 square foot Ypsilanti home.

Hardwood floors greet you, and escort you through the living room, dining room, and kitchen.

The eat-in kitchen features white bay cabinets, neutral countertops, and an abundance of natural light.

There is a first floor bedroom with Murphy Bed. Upstairs, 3 generously sized bedrooms plus a main bedroom suite await you.

The main suite features a vaulted ceiling, ceiling fan, and has an ensuite bath featuring a soaking tub, separate shower, and dual vanities.

The partially finished basement features an additional full bath and separate storage areas for your seasonal items. Outside, the paver patio overlooks private, protected land.

List Price: $325,000
Sold Price: $354,000

Details

Square Feet | 2,388
Bedrooms | 5
Baths | 3.1
Garage | 2 Parking Spots
Appliances | Range/Oven, Refrigerator, Dishwasher, Microwave, Washer, Dryer, Disposal

Ypsilanti home for sale

Contact Todd Waller for More Information on this Charming Ypsilanti Home for Sale