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Local Real Estate Market
Welcome > Local Info > Local Real Estate Market ...

Are we really in a declining market?

 

Reading the newspapers these days can put anybody into a depression. Headlines tell about high foreclosure rates, subprime market woes and house values decreasing. Our local paper, the Ann Arbor News, runs these national articles almost daily. If you live in Michigan, this all appears as old news. We, as a state, have been mired in a recession for several years. Massive layoffs, homes losing value and politicians pointing fingers are the headlines we are accustomed to seeing.


But I think Michigan is ahead of the curve and on the rebound. According to the graph below, provided by the Affinity Valuation Group, the last two quarters show Ann Arbor specifically and Michigan in general trending upwards in both average sales price and sales volume. It looks like we hit bottom last spring and have begun a recovery.




If I was a home buyer waiting in the wings for the best prices, I would act now while the perception of falling prices is still out there and the upward trends are not being mentioned in the headlines.





About the Ann Arbor, Ypsilanti and Chelsea Real Estate Market 

The real estate market in the Ann Arbor area is changing rapidly. It is different today than it has been for the last 20 years. Of course, the market varies greatly from neighborhood to neighborhood even within Washtenaw County.  

Fill out the form at the bottom of this page to request our relocation package, request a comparative market analysis of your home or to contact the Linda Lombardini Team for up to the minute, accurate information about our local real estate market. I'll send it to you for free and without obligation. 

Which neighborhoods offer the best values? It's my job to help! Ask me any question, or request my FREE relocation package of information on Ann Arbor, Ypsilanti and Chelsea. There's no obligation, and I promise to respond quickly... 

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Real Estate Tips
Selling Your Home >Marketing Techniques

When a seller lists a home with a real estate agent, a lot of brainstorming follows. Who are the potential buyers, where do they live and work? How can they be reached effectively with information that will attract them to this particular property?

In addition to advertising each home on the widely used Multiple Listing Service, professional real estate agents employ marketing techniques tailored to the individual home they are selling. An agent will review various buyer lists to find potential purchasers. They will use telephone and direct mail marketing, produce property flyers and advertise on the Internet, in the newspaper, in community publications and in real estate magazines. Contacts will be made to other agents who sell homes in the area to encourage them to show the home to prospective buyers.

Real estate agents combine pro-active marketing with realistic pricing to generate results for their home sellers.

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Real Estate Trivia
Q 
What is one of the most common ways for making the interior of a home more appealing to buyers?

A 
Repainting walls with light, neutral colors makes it easier for a buyer to visualize how the home will look with their possessions.
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Linda Lombardini, REALTOR®, real estate agent and broker for Ann Arbor, Ypsilanti and Chelsea Michigan home listings, property and land for sale - NUMBER1EXPERT(tm)

Linda Lombardini
Trillium Real Estate

214 West Kingsley
Ann Arbor, MI. 48103
Office: 734-302-3011
Fax: 734-302-3099
Cell: 734-216-6415
Email: LindaLom@TrilliumRealtors.com

Linda Lombardini has been a Realtor since 1991. Her expertise is in educating and counseling her clients so that they may make sound real estate decisions. She is known throughout the Ann Arbor marketplace for her high level of integrity that she brings to her real estate practice. Linda has served the Ann Arbor Area Board of Realtors as a director, and a member of the Grievance and Professional Standards Committees. She has also served on numerous non profit boards and city of Ann Arbor task forces and committees. Linda’s expertise is in helping people buy or sell residential real estate, including homes, condos, new construction and vacant land in the Washtenaw County and surrounding areas, including Ann Arbor, Chelsea, Dexter, Grass Lake, Milan, Pinckney, Saline, Whitmore Lake and Ypsilanti.

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