Kathy Toth Ann Arbor, MI Real Estate

The Ann Arbor Student Building Industry Program is a fantastic chance for students to learn the construction trade and learn important skills to help with that “honey-do” list years down the line!

The program began as the dream of representatives of the school system, local businesses, and banking representatives. They believed that high school students could, with proper supervision and assistance, build a quality house.

The latest from the program is that their 39th home has been completed and is listed on the market! The 2008-09 student-built home was constructed at 2377 Earl Shaffer Court in Ann Arbor and is listed at $295,000. Proceeds from the sale will provide scholarships for students.

Builder Steve Lucchesi managed construction of the home, with teachers guiding the 29 participating students through the project. The home was intended as an efficient “not so big” home, at 2,300 square feet and incorporating several energy- and water-efficient features.

The program has been active in the construction of homes since 1971 - details of homes constructed can be views online on their website, along with pictures!

This is definitely a great program!

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.

Kathy Toth and Team
www.KathyToth.com
Keller Williams Realty

What is happening with the absorption rates for the Chelsea Real Estate market? Homes in Chelsea have gone from about 12 months of supply in January to 14 months in June. If no other Chelsea residential homes were put on the market, it would take 14 months to sell these homes.

Chelsea Real Estate Market Data from 2006 to 2009 is graphed below:

Note the downward trend of Average Sale and Asking Prices in yellow and green respectively. See how the units sold have remained flat. The number of new listings have declined slightly.

Click here to find out more about Chelsea and to search for homes in Chelsea. We are selling homes here and in fact listed a home in Chelsea Ridge and got multiple offers. I have posted sold Chelsea, Michigan homes.

Kathy Toth

www.KathyToth.com

Everyone wants to know what is selling in Chelsea. So here are all the homes that have sold in 2009. Note that the list price to sale price ratios are about 94 percent for the year. This means that if a house is listed for $100,000, that the seller should expect an agreeable offer of $94,000. We just closed on a sweet house in Chelsea as a cash deal. And I want to mention a “cutie pa tutie” on 402 Washington.

Kathy will be attending the Howard Brionton real estate seminars this week in Denver to sharpen the sword and will be re-charged to provide top notch service to all our Chelsea and Ann Arbor Area real estate clients. To find out what others are saying about us, check our testimonials out.

If you are looking for a spacious low maintenance place to live then Liberty Pointe condominiums could be the choice for you!

Built in 1989 and 1994 this 114 unit complex contains beautifully designed properties in a clapboard style they offer "elegant condo living" withing walking distance to the Liberty Sports complex and are zoned for the excellent schools of Lakewood, Forsythe and Skyline. Search here for all active Ann Arbor Area condos

Sales prices for these units have ranges between $112,000 and $235,000. There are a variety of different units available from 2 - 4 bedrooms and up to 3.5 bathrooms depending on the property. These units are well appointed with spacious rooms, often a large bathroom, a basement, attached garage, guest parking, walk in closets as well as often a private deck and great landscaping in the yard. Pets are allowed and residents pay Ann Arbor taxes. Association monthly dues are currently $270 month.

See the video below which shows you how luxurious and convenient the units are:

Please contact our office for more information on all condos or this development and its units.

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.

I can’t believe that I missed posting the previous market data. So here is what was happening in the Dexter Real Estate market.

The first chart shows months supply of inventory rising which always happens in each spring/summer market.

The second chart shows days on market down by 24 percent. Again no surprise here since houses sell faster in the summer months.

The third chart shows inventory rising from January. The number of new listings from May 08 to May 09 is reduced which is great news toward stabilization.

The fourth chart indicates an overall trend of reduced number of houses over the last year. However the sold units are also down from May 08 to May 09 by 25%.

The last chart indicates that summer prices rise (they always do) and in fact the sold prices were up 22 percent May 08 vs. May 09. The prettiest girls on the dance floor are getting picked. The foreclosures continue to come on the market. The banks still have little sense of urgency from the bank asset managers. Having buyers for these properties is still very frustrating. Bank non responsiveness is actually oppressive to the market. The Ann Arbor Board of REALTORS® June statistics will be reported this week.

Click here to search all Ann Arbor area Michigan homes
and condos with pictures and tours - FREE!