Kathy Toth Ann Arbor, MI Real Estate

Really encouraging news regarding Michigan's part in the Recovery and Reinvestment Act. The state has received around $5.2 billion in stimulus funds which has so far helped create 22,000 new or saved jobs! This is great news! The state now ranks number 9 in the nation for jobs created or saved due to the act.

It is clear that the worst of the recession is over. Lawrence Yun the Chief Economist for the National Association of Realtors even came to Michigan a few months back to talk about the Real Estate Market and the economy. Things were starting to move back then and now with the influx of first time homebuyers purchasing properties and the effect of the stimulus money is being felt. (Keep track of Michigan on the government recovery website)

The stimulus money is also being funneled into other areas and not just being used for job creation, including tax cuts for residents and small businesses, weatherization projects, college tuition grants, unemployment insurance benefits and plugging the deficit in the state budget.

This is definitely exciting news for the state and for the region - no wonder Ann Arbor is a top relocation destination worldwide!

Click here to search Ann Arbor Real Estate using our complimentary Ann Arbor Real Estate MLS Search service. Alternatively please contact Kathy Toth and the team if you need more specific assistance in your Ann Arbor Real Estate needs.

www.KathyToth.com
Keller Williams Realty

Traver Lakes in northeast Ann Arbor Michigan is a great community!

This great condominum based development was constructed back in 1973 -1979 and consists of 88 units with maintenence fees of $277. Residents of the desirable units, due to their proximity to downtown Ann Arbor, pay Ann Arbor taxes and their children attend Ann Arbor schools. The units range in size from 2-4 bedrooms, 1420-2100 square feet and 1-4 bathrooms.

The community offers all the amenities that Ann Arbor offers and is close to the University of Michigan and its downtown campus. The units are built around small ponds and creeks that feature walking trails around the development. Garage parking is available, and a clubhouse, outdoor pool, & tennis court are maintained for recreation. This makes Traver Lakes the ideal community to relocate to in Ann Arbor!

We have a listing at 2515 Meade Ct, for sale at present in the community. You can view more on this great 3 bedroom, 2.5 bathroom property here.

For more on the community association you can view their master documents here.

Here is an aerial shot of the community:

Remember if you wish to purchase a home and if your are a first time homebuyer there is still time to be eligble for the tax credit!

Click here to search Ann Arbor Real Estate using our complimentary Ann Arbor Real Estate MLS Search service. Alternatively please contact Kathy Toth and the team if you need more specific assistance in your Ann Arbor Real Estate needs.

Before jumping into market data, click on picture for Chelsea, Michigan Tour.

As of September 30th, there were 162 active Chelsea homes down from 172 active homes for sale last month: ranging from 1 bedrooms to 6, 1 bathrooms to 7 and priced from $65,000 to $995,000. The average asking list price per square foot was $129.77 down from $137.41 last month. There have been 99 homes sold in Chelsea this year ranging in bedrooms from 1 to 5 and bathrooms from 1 to 6. The largest home sold was 3,800 square feet down to the smallest at 600 square feet. The average list price of the homes that sold in 2009 was $189,904 and the average sold price was $179,684. This represents an average annual sold price per square foot of $97.40. The sellers got an average of 94% of asking price this year. The Chelsea Real Estate Market from October 06 to September 09 is graphed below with the wide sold price swings displayed. September Chelsea sales data is represented by the Ann Arbor Area Board as dipping from last month shown by the yellow line below.

The chart below shows that there is about a 7 month supply of homes for sale in Chelsea, Michigan, so we are still in a buyers market and may be stabilizing unless we see a rash of foreclosure homes hit the market. The inventory under $200,000 is shrinking and we are seeing multiple offers. There is still an abundance of choice, low interest rates and great prices.

	JAN	FEB	MAR	APRIL	MAY	JUNE	JULY	AUG	SEP
Listings	174	115	148	161	177	148	169	172	162
Under Contract	7	5	8	14	12	16	18	9	8
Sales Past 12 Months	304	328	290	295	287	274	279	273	291
Absorption Rate/	25.3	27.3	24.2	24.6	23.9	22.8	23.3	22.8	24.3
Months Supply	6.9	4.2	6.1	6.5	7.4	6.5	7.3	7.6	6.7

Other charts below show the trends over the last 12 months. The first chart - Chelsea: Median Price (FS, Sold) shows home prices listed are up 7% and sold prices are down by 9% comparing September 08 to September 09 with trend lines showing a slight price increase over the last 12 months.

Chart 2 - Chelsea: Supply & Demand - # Units (FS, UC, Sold) below shows that units for sale from September 08 to September 09 are up 25% and sold units are down 9%. At least the number of active homes for sale is being reduced somewhat indicating we are on the way to stabilizing.

There is still an abundance of choice, low interest rates and great prices. If you know any one who is a first time home buyer looking to use the first time home buyer tax credit, time is running out to ensure closing by November 30th, 2009. Le us know you if are coming to our home buyer class this month: 734-845-6542.

Want to know what your Ann Arbor Area home is worth?

Take a look at what’s happening in Dexter, Michigan
during the month of October!

10/5 - Planning Commission Regular Meeting
Time: 7:30 PM - 10:00 PM
Category: Village of Dexter - Planning Commission
Recurrence: Occurs the First Monday of every month
Location: Senior Center
7720 Dexter-Ann Arbor Street, Dexter, MI 48130

10/6 - Arts, Culture, and Heritage Committee
Time: 7:00 PM - 9:00 PM
Category: Village of Dexter - Arts, Culture & Heritage
Recurrence: Occurs the First Tuesday of every month
Location: Senior Center
7722 Dexter-Ann Arbor Street, Dexter, MI 48130

10/7 - REAL ESTATE BUYER ROUNDTABLE
Time: 6:00 PM - 7:00 PM
Category: Education Kathy Toth and Team Keller Williams
Recurrence: Monthly Diane 734-845-6542 for reservations
Location: United Bank and Trust
355 S.Zeeb, Ann Arbor, MI 48103, South entrance

10/7 - Village Council Meeting
Time: 6:30 PM - 8:30 PM
Category: Village of Dexter - Village Council
Recurrence: Occurs the Second and Fourth Monday of every month
Location: Dexter Library
3255 Alpine Street, Dexter, MI 48130

10/12 - Village Council Meeting
Time: 7:30 PM
Category: Village of Dexter - Village Council
Recurrence: Occurs the Second and Fourth Monday of every month
Location: Senior Center
7720 Dexter-Ann Arbor Street, Dexter, MI 48130

10/20 - Parks Commission Meeting
Time: 7:00 PM - 9:00 PM
Category: Village of Dexter - Parks Commission
Recurrence: Occurs the Third Tuesday of every month
Details: Regular Parks Commission meeting
Location: Village Offices
8123 Main Street, Dexter, MI 48130
Directions: Second Floor of National City Bank

10/26 - Village Council Meeting
Time: 7:30 PM
Category: Village of Dexter - Village Council
Recurrence: Occurs the Second and Fourth Monday of every month
Location: Senior Center
7720 Dexter-Ann Arbor Street, Dexter, MI 48130

Click Here to view a calendar which features all of the Events
and Activities occurring in the Village of Dexter!

Related Links
Ann Arbor Community Events and Entertainment for October | Click here
Ann Arbor Michigan Real Estate: The Preserve Subdivision in Dexter, MI

I thought my Michigan budies might like this chart. This is a resource to help with factual data. Although Jim Dries of Washtenaw County says that our foreclosure rate is 1 out of 8.

The fallout from the recession has cut deeply into the housing security, employment and income of many Americans. But some parts of the country are clearly faring better than others. Here, three interactive maps show foreclosure and jobless rates and household income by county.

This interactive foreclosure map available for the Country. I searched for Michigan and it shows Washtenaw foreclosures are 1 out of every 289 households with 147, 026. Washtenaw County Labor force is represented as I75,165 and unemployment at 9.5 percent. Washtenaw County Median household income is represented as $59,883. Move your curser over Counties of choice to uncover details.

Hope this is helpful and let me know what you think.