Ann Arbor Real Estate Talk

2928 N. Knightsbridge in Ann Arbor, MI Location: Ann Arbor, MI GORGEOUS CONDO, ONLY 2 YEARS OLD, OPEN LOFT STYLE LIVING. KITCHEN WITH MAPLE CABINETS AND GRANITE COUNTER-TOPS, STAINLESS APPLIANCES AND GENEROUS NOOK. TWO FULL BATHS. MASTER IS LIGHT AND BRIGHT. NEUTRAL DECOR, EXQUISITE FINISHED W/ CROWN MOLDINGS, PICTURE MOLDINGS, TRANSOM WINDOWS, LARGE COVERED DECK OFF THE LIVING AREA, CERAMIC FLOORS IN KITCHEN AND BATHS. MINUTES FROM U.M. MEDICAL COMPLEXES. ASSOC. COVERS SNOW, LAWN, WATER, SEWER AND DECK. WASHER AND DRYER STAYS. Information Contact Information Missy Caulk 734-216-2822 Pricing Asking Price: $218,000.00 Homeowner Dues: 150.00 Property Location 2928 N. Knightsbridge Ann Arbor, MI 48105 Links VIRTUAL TOUR Features Bedrooms: 2 Bathrooms: 2 Year Built: 2004 Subdivision: Northside Ridge Located on Floor #: 2 School District: Ann Arbor Square Footage: 1201 Agent Name: Missy Caulk Broker: Keller Williams MLS #: 2803284 Attributes Appliances Range/Oven Full Refrigerator Washer/Dryer Dishwasher Sink Disposal Microwave Interior Amenities Ceramic Tile Floors in Kitchen Covered deck Building Amenities Guest Parking Powered by vFlyer.com EQUAL HOUSING OPPORTUNITY VFLYER ID: 1566240 Photo Gallery Gorgeous kitchen Crown molding in Living room Cozy nook in kitchen 42″ base cabinets Master bath Large gathering area View from covered deck
Powered by vFlyer.com	EQUAL HOUSING OPPORTUNITY	VFLYER ID: 1566240

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It’s St.Patrick Day and the place to be in Ann Arbor is Zingermans Deli and Conor O’Neills.

Zingerman’s Delicatessen

“All-You-Can-Eat Corned Beef and Cabbage”: The menu features By Ginsberg corned beef from United Meat & Deli (Detroit), named Best Corned Beef in New York City by Slow Food USA. The hand-sliced corned beef is served with local cabbages, potatoes, and carrots, along with Zingerman’s Bakehouse Irish brown soda bread and Guinness gelato from Zingerman’s Creamery. $16.99

422 Detroit St.

Ann Arbor,MI 48104

663-3400.

Get directions

“St. Patrick’s Day”: Conor O’Neill’s.  An all day long celebration features Irish ceili dancers and bagpipers, along with traditional Irish ballads and drinking songs by the Detroit trio The Diggers.

318 S. Main.

665-2968.

Ann Arborites gather before 7 a.m. Yes, I said 7:00 a.m.

“Here’s to a long life, and a merry one;
a quick death, and an easy one; a pretty girl, and an honest one; a cold beer and another one!”

The menu at Conor O’Neills.

318 South Main St
Ann Arbor, MI 48104
(734) 665-2968

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Below are the market reports with data from the Ann Arbor Area Board of Realtors and compiled my by my friend Todd Waller, of Big House Data.

A few things to point out from a historical perspective from 2005 to 2008:

Average list prices:              Average Sale Price       Average Days on Market   New Listings

2005 $286,800.                     $233,238.                      91                              628

2006 $274,919                      $226,707.                      93                              793

2007 $283,039.                     $247,108.                      99                              1373

2008 $ 255,827.                    $232,250.                     103                              727

Average List price is down 9.5% from February 2007 to February 2008.

Average Sales price is down 6% from February 2007 to February 2008.

Number of closed sales is down 9% compared to February 2007 to February 2008.

Results: For sellers you must be very competitive. Short sales and foreclosures are selling, so are homes priced “below market value” and in excellent condition.

For Buyers: No one knows when the market will bottom out. NOT ME ! No one, so don’t wait too long to take advantage of the best priced homes in Ann Arbor and Washtenaw County.

Begin your home search here.

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Plans have been in the works to bring a trolley system to Ann Arbor since 2006. Routes would include the downtown area, Briarwood Mall, Plymouth Rd , all the Medical Complexes and central University of Michigan Campus.

Although plans are in the early stages, there does seem to be a lot of interest in trolleys. According to Mayor John Hieftje, about 70,000 people commute into Ann Arbor daily over 26 miles each way. The Mayor has said it would reduce traffic and pollution in the city and every metropolitan city has mass transit. City officials for the Ann Arbor Down Town Development Authority think this could be accomplished by 2015.

The trolley car system would make the driving distance shorter between points, by making fewer stops like the current bus system. Although the bus system would not be totally eliminated it would be cut back.

Money is always an issue, when new services are added to a city. There are federal programs to help out with this, if Ann Arbor can prove the need for one. At that point the City of Ann Arbor would only need to pick up about 80% of the bill. Regardless, it will lost millions.

So what do you think?

1) Would you use the trolley system?

2) How much of the time ?

3) Daily?

4) Weekly?

5) Just for fun?

Besides it being a really cool idea to be like San Franciso, how many people in Ann Arbor would use this? It sure would be nice to get on at Briarwood Mall and scoot downtown Ann Arbor to finish shopping.

Comments are welcome and appreciated.

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According to USA Today, Michigan, Florida, Arizona, California and Nevada were already in a recession at the start of 2008. I have heard us referred to as a “one state” recession on many news shows. (Oh well, nice to know we’re not really alone.)

These five states account for one-quarter of the nations total economic output. (Yikes… That is huge.)

Here is the link to go look at specific area’s in Michigan. You will be able to see Ann Arbor and the other large cities in Michigan. According to the map, Ann Arbor is considered already in a recession, but Grand Rapids and other parts of Michigan are “near recession”.

Well, it doesn’t “feel” like a recession in Ann Arbor to me. Homes are selling, and inventory is down from this time last year, when Pfizer announced it was moving. In many parts of Washtenaw County the market is very stable, and the opportunities for buyers now is better than it has been in years.

Economists George Fulton and Don Grimes predict that Washtenaw County will lose a net 1,000 jobs this year before gaining 2,000 jobs in 2009 and 3,000 in 2010. Last year, the county dropped 700 jobs after losing 1,000 in 2006.

George and Don also predict that by 2010 we will have more jobs available in Washtenaw County than the people to fill them. (Oh, Happy Day!)

So Ann Arbor, what say you?

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