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Ann Arbor Real Estate Blog

Blog about Ann Arbor and Saline Michigan

Ann Arbor Area Historical Sales Data

On of my good friends, Brad Andersohn, just recently left Activerain and went to Zillow. Over the weekend, he pulled up a chart of historical data for some of the big metro area’s in the United States.

I asked him on his blog post, if this could be done just for Ann Arbor.

Below is the historical data for Ann Arbor from Zillow. I don’t always agree with Zillow’s zestimates, but Zillow is good about encouraging consumers to work with a local Realtor to find out the true value of your neighborhood.

US Zillow Home Value Index

You can see from the chart our market peaked in 2006. This I would agree with, as Pfizer announced their leaving in January of 2007 and that is when we experienced our biggest downturn.

One of my clients recently sold her home on a short sale in Saline. She had purchased it as a foreclosure in 2008 for 100,000 less than it was built for in 2007. Sounds like a good deal right?

Unfortunately, when she needed to sell in 2010 the market had continued to come down so we sold it short for $350,000.

For most of the Ann Arbor area homes for sale the market has stabilized, so that is a positive sign.


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