January 2009 Home and Condo Sales
DEXTER, Michigan
7735 Cottonwood $130,000
7660 Grand $132,000
4465 Dexter Pinckney Rd. $145,000
8600 Second St. $179,000
10377 N Territorial $171,000
9960 S. Hamburg $188,000
8105 Gingko $195,000
8134 Huron $258,000
4456 Corey Circle $460,000
CHELSEA, Michigan
127 Van Buren $26,250
14277 N. Territorial $77,000
223 Lincoln $83,000
537 N. Main St. $90,000
109 Wilkinson $135,000
10665 Coopersfield $178,000
2175 Lima Center Rd. $183,500
17120 Boyce $215,000
103 Shore View Dr. $268,500
Based on information from the Ann Arbor Area Board of REALTORS® Multiple Listing Service for the period January 1st, 2009 through January 31st, 2009 and January 1st.
Ann Arbor Area Board of REALTORS®
Low mortgage rates and affordable prices in January caused the total number of sales to jump 9% over a year ago, according to the Ann Arbor Area Board of Realtors®, (AAABoR), based on data from the multiple listing service. The number of properties listed for sale is down 27%. The positive trend of increased sales and decreased listings points to a more balanced market, which is a good way to start the year. Overall, lower sales prices continue to reflect the effects of foreclosures and short sales on sales price. Total sales dollar volume is off 18% from last year at this same time, while the average residential sales price is down 32% from a year ago. Lawrence Yun, National Association of Realtors® chief economist, said the Pending Home Sales Index shows a modest rebound. “The monthly gain in pending home sales, spurred by buyers responding to lower home prices and mortgage interest rates, more than offset an index decline in the previous month,” he said. “The biggest gains were in areas with the biggest improvements in affordability.”
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