Ann Arbor Real Estate Market Update for November 2009
Ann Arbor Price Per Square Feet is trending up over the last 12 months. See summary charts of the Ann Arbor Real Estate Market at bottom of post. The median sold prices of all Ann Arbor Real Estate areas combined have risen slightly over the last 12 months.
The market is broken down into areas by the Ann Arbor Area Board of Realtors with a map below and insight into each neighborhood and school area is provided.
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Search Area 81 North West Ann Arbor is boarded on the East side by US 23 and to the south I 94.There are 42 (down from 51 Ann Arbor active year to date last month) homes for sale in area 81 with bedrooms ranging from 2 to 6 and baths from 1 to 7 with list prices ranging from $2,900.000 to $140,000.
The charts shows average sold price per square foot is rising over the last 12 months.
There are 44 sold Ann Arbor homes over the last 12 months in area 81 with bedrooms ranging from 2 to 9 and baths from 1 to 10 with list prices ranging from $160,000 to $5,990.000 and sold prices from $166,500 to $3,000,000 . Average sold price is $528,720 and average sold price per square feet is $157.14.
The chart above shows compared from November 08' to Novmener 09' that the number of homes for sale are up 16 percent and the number of homes sold are up 200 percent.
Schools are Abbott, Wines or Haisley elementary schools and Forsythe Middle School and Skyline High School. For database on Washtenaw Schools, click on highlighted link.
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Search Area 82 Westside of Ann Arbor South of M14 and Main Street is the boundary on the East side.
There are 104 down from 143 active homes for sale with bedrooms ranging from 2 to 6 and baths from 1 to 5. The largest square feet home offered for sale is 7,500 and smallest is 800. List prices range from $75,000 to $1,285,000 and average list price per square feet is $157.92.
The trend of prices are up over the last 12 months per the chart.
There are 268 sold Ann Arbor homes the last 12 months in area 82 with bedrooms ranging from 1 to 6 and baths from 1 to 4 with list prices ranging from $840.000 to $34,900 and sold prices from $25,000 to $800,000. Average sold price is $227,602 average sold price per square feet is $144.46. The average sold price per list price is 95 up one percent from last month.
The chart shows the number of homes for sale compared to last November are down 10 percent and the number of homes sold are up 53 percent. The trend of supply shows sold units up slighlty and for sale units down slighlty so inventory is shrinking modestly.
This area 82 includes desirable west side of Ann Arbor. Schools are Bach, Eberwhite or Haisley for elementary school; Slauson or Forsythe for middle school (depends on location) and usually Pioneer High School.
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Search Area 83 Ann Arbor Southwest Liberty to Main Street.
There are 78 (down from 96) active Ann Arbor homes in area 83 vs. for sale ranging from $99,900 to $1,299,900 and average list price per square feet of $155.06.
The sold prices per square feet are trending up slightly over the last 12 months per chart.
There are 148 sold Ann Arbor homes in the last 12 months in area 83 with bedrooms ranging from 2 to 5 and baths from 1 to 5 with list prices ranging from $64.400 to $899.900 and sold prices from $61,000 to $885,828. Average sold price is $298,956 (compared to last month $300,418) and average sold price per square feet is down to $135.03 up from $134.19 last month and the average sold price per list price is at 96 percent, same as last month.
The number of homes for sale compared to November of last year are up 32 percent and the number of homes sold compared to November 08′ are up 75 percent. The gap is larger, so inventory is growing slightly.
Elementary schools are Lawton, Bryant-Pattengill and Lakewood and the middle school is either Slauson or Tappan, along with Pioneer High School.
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Search Area 84 Ann Arbor Briarwood to North Stadium
There are 29 down from 30 active Ann Arbor homes for sale in area 84 ranging from $61,900 to $419,000 and average list price per square feet of $126.03 down from $133.01 last month.
The trend of sold price per square feet over the last 12 months is up slightly.
There are 52 sold homes over the last 12 months in area 84 with bedrooms ranging from 2 to 5 and baths from 1 to 3 with list prices ranging from $66,000 to $479,000. Sold prices range from $66,630 to $479,000. Average sold price is $194,381 up from $193,959 and average sold price per square feet is $118.14 with the average sold price per list price at 95 percent (same as last month).
The number of homes for sale compared to November of last year are up 5 percent and the number of homes sold compared to November 08′ down 67 percent. Inventory is about the same over the last 12 months.
Schools are Bryant-Pattengill and Allen for elementary and Tappan or Scarlett for Middle schools and Pioneer or Huron for the high school.
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There are 73 (vs.87 last month) active Ann Arbor homes for sale in area 85 ranging from $36,000 to $889,000 and average list price per square feet of $106.65 up from $105.67. The largest home has 3,054 square feet and smallest is 810 square feet.
The average sold price per square foot prices have trended up over the last 12 months with 147 sales.
There are 147 homes sold in the last 12 months in area 85 with bedrooms ranging from 2 to 5 and baths from 1 to 3. Sold prices range from $29,900 to $315,000. Average sold price is $153,847 up from $153,436 and average sold price per square feet is $91.53 with the average sold price per list price at 95 percent.
The number of homes for sale compared to November of last year are equal and the number of homes sold compared to November 08′ are up 50 percent. The number of homes on the market are shrinking slightly.
The schools are Pittsfield, Carpenter, Allen or Mitchell for elementary school and Tappan or Scarlett for middle school, along with Huron High.
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There are 60 (vs.73 last month) active Ann Arbor homes for sale in area 86 ranging from $242,000 to $2,495,000 and average list price per square feet of $198.99. and average list price of $732,061. The homes range in bedrooms from 2 - 6 and baths from 2 - 5. The largest home offered for sale is 8,392 square feet with the smallest at 1,500 square feet.
Area 86 average sold price per square feet trend line is up per Affinity Valuation Group, LLC.
There are 73 (vs.72 last month) sold Ann Arbor homes in area 86 this year with bedrooms ranging from 2 to 6 and baths from1 to 6 with list prices ranging from $159,900 to $1,290,000 and sold prices from $140,000 to $1,150,000 . Average sold price is $504,393 down from $514,037 and average sold price per square feet is $164.37 with the average sold price per list price at 94 percent (same as last month).
The number of homes for sale compared to November of last year are the same and the number of homes sold compared to November 08′ are up 50 percent. The number of homes on the market over the last 12 months is about the same.
Schools are Allen, Thurston, King, Burns Park, Angell elementary schools. Tappan or Clague are the middle schools, along with Huron High School.
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There are 42 ( down from 58 last month) homes for sale ranging from $50,000 to $2,225,000 and average list price per square feet of $166.38 and average list prie of 454,880. The largest home is 6,670 square feet down to 763 square feet and bedrooms from 1 to 7 and baths from 1 to 4.
The average sold price per square foot prices are up over the last 12 months.
There are 109 (vs. 97 sold last month) sold Ann Arbor homes in area 87 over the last 12 months with bedrooms ranging from 2 to6 and baths from 1 to 4 with list prices ranging from $61,900 to $965,000. Sold prices range from $45,000 to $800,000. Average sold price is $274,457 and average sold price per square feet is $126.85 with the average sold price per list price at 95 percent (same as last month). The sold homes rnage in square feet from 792 to 4,667 square feet. 
The number of homes for sale compared to November of last year are up 5 percent and the number of homes sold compared to November 08′ are up 200 percent.
Schools are Northside, Thurston or Logan for elementary schools, Clague for Middle and Huron High or Skyline depending on location.
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Search Area 88 Ann Arbor Downtown/Burns Park, south of the University and walkable neighborhood.
There are 22 (vs. 31 last month) active Ann Arbor homes in area 88 for sale ranging from $179,000 to $1,995,000 and average list price of $503,054 and list price per square feet of $224.00. The largest home offered for sale has 4,507 square feet with the smallest at 702 square feet.
The average sold price per square feet trend line is up slightly per Affinity Valuation Group, LLC in Downtown/Burns Park, and south of the University .
There are 45 (vs.41 last month) sold Ann Arbor homes in area 88 this year with bedrooms ranging from 2 to 6 and baths from 1 to 4 with list prices ranging from $175,000 to $1,350,000. Sold prices from range from $155,000 to $1,150,000. Average sold price is $424,271,down from $411,834. Average sold price per square feet is $200.87 up from $197.69 last month and the average sold price per list price is now at 96 percent (down from 97 percent last month).
The number of homes for sale compared to November of last is up 5 percent and the number of homes sold compared to November 08' are up 133 percent. Actually the number of houses on the market over the last 12 months is up.
Schools are Eberwhite, Bach and usually Burns Park for elementary schools. The middle schools are Tappan and Slauson depending on location, along with Pioneer High School.
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Finally a market snapshot which is all Ann Arbor areas combined. This chart shows that Ann Arbor residential asking prices compared to Nov. 2008 and Nov. 2009 are up 12 percent and sold prices are up 6 percent.
So bottom line, the Ann Arbor market is stablizing. Downward pressure is exerted by foreclosures and short sales. Again Ann Arbor homes are affordable, choices are abundant and low interest rate financing is available.
We all want to know when the market will turn around, so we are tracking the Ann Arbor Real Estate Market activity monthly. Pete Hendershot of Affinity Valuation Group, LLC says, the market bottomed. For your Ann Arbor Area home value, click here.
Ann Arbor Board of Realtors organizes our data by search areas by boundaries and schools as pictured. We do a ton of business with people who are relocating to Ann Arbor, usually coming to work for University of Michigan. Many have never been here. It’s always our pleasure to help others discover this gorgeous city and to show the different areas of Ann Arbor, each having a different feel. It’s important to find the place that feels like home to you. For last month's data, see Ann Arbor Area Real Estate Charted Jan. through October 2009 .
Neighborhoods are unique so you knowing up to date Ann Arbor Real Estate information about specific areas and trends could be helpful. The Ann Arbor Board breaks down our Ann Arbor Real Estate into the areas in the map. Trend lines from Affinity Valuation Group, LLC help us determine the Ann Arbor Real Estate Market direction. For all areas in Ann Arbor, the average sold price per square feet are trending up slightly over the last 12 months; great news! Finally, if we look at data since Jan 2009 (vs. rolling 12 months) only, the sales price declines slowed making a total year to date average price decline of 15%.
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Thanks for the Source: Affinity Valuation Group, LLC. Map areas for the MLS below.
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