Ann Arbor Real Estate For Sale
Ann Arbor real estate for sale has been the topic of conversation with Ann Arborborites (locals) of late. Contrary to what the national news reports regarding the decline in the Michigan real estate market, those with Ann Arbor real estate for sale have enjoyed median selling prices rising at 11 percent to 239,000.00 in the first quarter of 2011 and the upward momentum hasn’t stopped. In fact, there has been a 20 percent improvement among Ann Arbor real estate for sale. The increase in Ann Arbor real estate for sale occurred despite the foreclosure drag which accounted for nearly19 percent of all Ann Arbor real estate for sale in the past 12 months. Location is the number one factor driving price stability and appreciation among all Ann Arbor real estate for sale today.
Ann Arbor Real Estate for Sale Growth
Among the top Ann Arbor real estate for sale those in Angel school district, which is comprised of homes North of Washtenaw, East of Huron and West of Us-23, increased 12 percent year over year and are just 8 percent below their peak. This area is commonly referred to as Ann Arbor Hills and the Arboretum area. It is and to my knowledge always been a much sought after area by those looking for exquisite Ann Arbor real estate for sale within walking distance of central campus and the arboretum areas. This makes it one of the top choices of all Ann Arbor real estate for sale.
Ann Arbor Real Estate For Sale – Top Areas
Other Ann Arbor real estate for sale can be found in sweet spots with significant price stability and appreciation which include neighborhoods that surround Logan, Haisley, King, Wines, Thurston, Burns Park and Bach elementary schools. These are great North East neighborhoods and so is Burns Park which is smack dab in the center of town and within easy walking distance of the Law and Business schools. Finally, Bach, which is an open school, is located on the west side within easy walking distance of Main street and this also accounts for price stability and appreciation among Ann Arbor Real estate for sale in that area. More Info
Ann Arbor Real Estate For Sale – Underlying Factors
Other underlying factors that attribute to price stability and appreciation among Ann Arbor real estate for sale are proximity to central and north campuses, neighborhood amenities such as easily accessible public transportation, shopping, parks, and the like.
The Mantra for Ann Arbor Real Estate For Sale
The mantra: location, location, location, is said to be the foundation upon which real estate acquisition should take place. BUT not everyone can afford the premium locations. Most folks balance location and affordability when deciding on which Ann Arbor Real Estate for sale is their best choice. There is no question that the location is driving Ann Arbor real estate for sale. For example, as of the writing of this post Angell neighborhood homes sold on average for 225.00 per square foot with one as high as 411 per square foot.
Ann Arbor Real Estate For Sale Affordable Homes
There is diverse housing among Ann Arbor Real Estate for sale starting at about 85.00 per square foot on average. And for most part this is great housing. Having lived in Ann Arbor for nearly 20 years, I can attest to the fact that even the least expensive Ann Arbor real estate for sale is a bargain. Just a few years ago it was common place to pay 150.00 per square foot for the most modest homes. Sure the commute may be more difficult and you may have to ride a bicycle to downtown; the kids may have to spend a few more minutes on the bus but as far as Ann Arbor Real Estate for sale is concerned, it is an affordable community with many homes to choose from.
Ann Arbor Real Estate For Sale Downtown Lofts and Condos
Among current Ann Arbor real estate for sale, Ann Arbor has plenty of Lofts and Condos to choose from. Prices range from 40k to 1,350,000 and some downtown lofts are in demand and sell in excess of 350.00 per square foot which is extraordinary compared to single family residential home prices. The current loft inventory is so tight that there are often bidding wars and multiple offers. Parking isn’t much of an issue as most of the high-end Ann Arbor real estate for sale has on-site parking and for those that don’t getting a permit is easy.
Ann Arbor Real Estate For Sale Ashley Terrace
The coolest Ann Arbor Real Estate for sale in a high rise is Ashley Terrace Condos community is one of the newest high rise communities in the heart of downtown Ann Arbor. Ashley Terrace is centrally located just one block from Main street at the cornet of Ashley and Huron. There is a wide variety of floor plans available, including 1, 2, 3 bedroom units and luxurious penthouse units. Prices range from 225-1,000,000. These desirable Ann Arbor Condos come with and without parking, secured storage, and impressive interiors with gourmet kitchens and elegant bathrooms. Ashley Terrace Condominiums are just one of the amazing selection of Ann Arbor real estate for sale and is located just 1 block from Ann Arbor’s new YMCA, multiple restaurants, shops and all that downtown has to offer.
Ann Arbor Real Estate For Sale – Liberty Lofts
Among Ann Arbor Real Estate for sale today, Liberty Lofts condo community includes 68 loft style condominiums units and it is located just 2 blocks west of Main Street in one of Ann Arbor’s coolest neighborhoods. Its design is modern industrial, the building, prior to redevelopment, was an automotive parts plant and its character reflects soaring exposed concrete ceilings and galvanized spiral duct work. Enjoy panoramic views of downtown from many of the units. You have the best of both worlds; the feel of an old industrial building along with all the modern bells and whistles you would expect from a luxury condominium in the heart of the city this is just one of an amazing array of Ann Arbor real estate for sale.
Ann Arbor Real Estate For Sale Loft322
Among Ann Arbor real estate for sale, Loft 322 condominiums on University of Michigan’s central campus in downtown Ann Arbor is truly something to write home about. Located on Liberty avenue, 3 blocks from State Street and 4 blocks from the University of Michigan Law school and Business Schools. This community rocks! Not only is it architecturally modern industrial, it is walking distance to all the finest Ann Arbor has to offer including great restaurants, bars, Michigan Theater, State Theater, Borders Books, Seva and a litany of boutiques, museums, galleries and the like. Loft 322 is another great example of the amazing Ann Arbor real estate for sale.
With such a diverse selection of homes it is no wonder that Ann Arbor is consistently ranked among the top 10 places to live. And using this site you can search all Ann Arbor real estate for sale on one site.