Ann Arbor Real Estate Talk

In the “Heart of Ann Arbor”

Location: Ann Arbor, MI

TOTALLY UPDATED HOME IN A FANTASTIC LOCATION. IN ANN ARBOR. NEW KITCHEN WITH GRANITE COUNTER-TOPS, NEW ROOF AND GUTTERS 2007, NEW FIXTURES. BOTH BATHS COMPLETELY REMODELED WITH GORGEOUS TILE WORK, OPEN LIVING ROOM AND DINING ROOM WITH SKY LIGHTS. THE ENTIRE HOUSE IS SUNNY AND BRIGHT. MASTER BEDROOM WITH PRIVATE ENTRANCE. PRIVATE BACKYARD, 2 CAR HEATED GARAGE AND WALK TO DOWNTOWN A2 WHAT MORE COULD YOU WANT ON A TREE-LINED STREET IN ANN ARBOR?

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Contact Information

Missy Caulk

734-216-2822

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Pricing

Asking Price: $279,900.00

Property Location

1216 Birk Street
Ann Arbor, MI 48103
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Features

Bedrooms: 3

Bathrooms: 2

Year Built: 1940

Lot Size: 51X132

Garage Size: 2

School District: Ann Arbor

Square Footage: 1107

Agent Name: Missy Caulk

Broker: Keller Williams

MLS #: 2802470

Attributes

Appliances

Range/Oven

Full Refrigerator

Washer/Dryer

Dishwasher

Sink Disposal

Microwave

Interior Amenities

Hardwood Floors

Basement

New Kitchen

Granite Counter-tops

2 new baths

Exterior Amenities

Patio

Jacuzzi

Grass Lawn

Heated Garage

New roof and gutters

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Equal Housing Opportunity

VFLYER ID: 1519482

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Despite the cold and snow melting and then more snow and more cold, January started off being a good month for home sales in Ann Arbor and Washtenaw County. Sellers always want to know, “Should we list now or wait until Spring?”

The answer is, “it depends”. There are more buyers in the Spring market, but the ones out looking in the snow and cold are serious. They are usually not out kicking tires, or shall we say taking boots off and on from house to house?

Closings were up in January by 10% compared to January 2007 and the good news is the listings were down by 13%. Now, those two facts alone should make sellers in Ann Arbor and Washtenaw County happy, happy.

Now the not so good news, the average list price was down to $276.422 and that is 18% lower than last January. The average sale price for homes throughout Washtenaw County was $228,512. and that is down nearly 13% compared to last year.

If your home is not selling, there is one thing you can control and that is price and condition. You can’t change the floor plan, you can’t change the location but you can control the price and the condition. There is nothing less expensive to make a house shine than to take down wall-paper and add fresh paint. Buyers don’t want your wall paper. Ann Arbor buyers are looking for value in a home and those homes in the best condition, priced to sell and with the buyers perceived best value are selling.

If your home is not getting any showings, chances are it is 10% over-priced, and if it is getting showings and no offer then it is 5% over-priced.

January data compiled by Big House Data and gathered from the Ann Arbor Board of Realtors.

For more graphs to be emailed to you, leave a comment with your request or call my direct line at 734–821–0757.

You can search all listings at Search Ann Arbor Houses.

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Agent Genius and Bloodhound Blog are putting together a fund-raiser to help the victims of the tornado’s throughout Tennessee, Kentucky, Alabama, Mississippi and Arkansas. I grew up in Paducah, Ky. not too far from Jackson, TN. In 2006, I was on my way home from Spring Break in Florida with my friend from Hendersonville, TN when we received a call from her neighbor that her home had been hit by a tornado. The path went right through her neighborhood.  We arrived 3 hours later to unbelievable devastation.

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I’ve been memed by Linda Scanlan from Fort Worth, TX. If you don’t know what a meme it is sorta like the game we played as children, “tag, you’re it”. Meme rhymes with dream.

Ginger Wilcox, with Blog by the Bay started this meme for our outside blogs. I’ve played it in Activerain, but Ginger wanted us to do this on our outside blogs. So the rules are I am to share 7 things you might not know about me. This was not easy, since I’m so transparent already.

1)      I hate amusement parks, well not the park itself, but scary rides, like roller coasters. Ask my husband I almost pinched his arm off once in Nashville at the Opryland Theme Park, he told me it was “Not Scary, very mild”. Ha!

2)      I went to four colleges and still managed to graduate on time in 4 years. I just didn’t change my major, Social Work, and all my classes transferred. (Ole’Miss, Paducah Community College, Florida State, and University of Kentucky.)

3)      My dream is to visit Ireland and Scotland.

4)      I want to retire in Tennessee on a lake, near Nashville.

5)      I hate snakes and spiders and almost stepped on one leaving a piano lesson with my daughter and now she is deathly afraid of them too. My younger brother, scared me with a spider ring one day, when I was around 8, I had nightmares all night so that instilled that fear in me and lasts until this day.

6)      My favorite thing to do is be on my boat in the summer, reading a good mystery book and sun tanning. James Patterson and J.D. Robb are my favorites.

7)      I cried when they carried Lloyd Carr off the football field when Michigan beat Florida in the Capitol One Bowl game. I looked over and everyone in my family was crying too, except my husband who was laughing at me and the kids. 

Now my turn to “tag” seven people:

Who will be my victims???

Vance Shutes, from Ann Arbor in Homes by Vance.

Ricardo Bueno, The Industry Report.

Colleen Kulikowski,  Buffalo Niagara Real Estate

Sally Cheeseman, Real Estate Blog Hawaii

Mana Tulberg  Ventura County Real Estate Talk

Lenn Harley, HomeFinders

Maggie Dokic, The Blog That Ate Miami

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Having been a Realtor in the greater Ann Arbor Area for 13 years, I have many clients that need to sell their homes. Perhaps their Residency is over at University of Michigan Hospitals, they got a job transfer to another state, they are retiring to warmer places, they lost their job.

Many people NEED to sell in Ann Arbor Area and for a number of good reasons. It saddens my heart when sellers bought their homes when the market was at peak. Somehow, Ann Arbor had always escaped most down-turns in Michigan.

You know… “24 miles surrounded by reality”.

Unfortunately, we have been hit with declining home values too. There is almost a 14% decrease in prices in homes throughout Washtenaw County. That is the average. Average means, certain townships have taken larger hits. Ann Arbor City has seen less of a decline. Townships like Ypsilanti have seen the largest decline, with up to 20%. They have also been the highest hit with forclosure’s.

Currently, there are 720 homes listed in the Ann Arbor MLS. Of the 720 homes listed, there are 55 under contract, either waiting to close or under a limited time clause. So in reality there are 665 homes available to purchase. Last year, in 2007, 1159 homes closed in Ann Arbor. The absorption rate is not too bad. (The absorption rate is determined when you take the number of homes available and divide number of homes sold in a given time period to determine how many months it would take to absorb the inventory, given no other houses come on the market)

I have been asked a lot lately? “We are thinking about selling our house, what do you think, is it a good time?”

What I think… depends on why they are selling. If they are not moving, or are not in a HAVE TO SELL situation, it might be better to wait. If they NEED to sell, then now is the time to sell and price it to SELL. I was out showing condo’s last weekend, all in the same condo community, and my buyers asked me,

“Why is there such a difference in price?” They are all basically the same floor plan.

“Motivation of the seller”, was my response.

Some people really need to sell, others don’t need to sell, but want to.

Motivation is extremely important when pricing your property and determing the time to sell. Life would  be great if we all had a crystal ball and I could say, this time next year or in 2010 the market will come back. Unfortunately, that is not the case. No one really knows.

Sellers, ask yourselves, “Do I need to sell or do I want to sell?” Those sellers that need to sell are homes priced the most appropriately throughout Washtenaw County.

Want to check what homes are listed at in your neighborhood, you can search all the active listings on Search Ann Arbor Houses.

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