Washtenaw County home prices rise, but fewer units sold in November
The average sale price for single-family, residential homes in Washtenaw County in November increased 12 percent over November 2010, according to the Ann Arbor Area Board of Realtors.
The average home sale price in November was $202,042, which is also an increase over October, when the average sale price was $188,892.
In Ann Arbor, the average sale price in November was $317,024, a drop from $319,384 in 2010.
Due to the higher sale prices in Washtenaw County, the dollar volume of properties sold year-to-date is up 2.4 percent over last year.
However, the number of residential units sold this year is down from 2010. In Washtenaw County, 3,730 properties have been sold, a decrease of 3.7 percent from last year.
Ann Arbor has the highest number of residential units sold in Washtenaw County this year at 850.
Lizzy Alfs is a business reporter for AnnArbor.com. Reach her at 734-623-2584 or email her at lizzyalfs@annarbor.com. Follow her on Twitter at http://twitter.com/lizzyalfs.
Comments
Top Cat
Thu, Dec 15, 2011 : 3:30 p.m.
These numbers are not believeable. The source of these numbers is not credible.
A2WS1
Thu, Dec 15, 2011 : 2:36 p.m.
Can we get a little analysis to go along with these stats?? The jump in Washtenaw County does not surprise me. The drop in Ann Arbor does - but is this within the noise??
Silly Sally
Thu, Dec 15, 2011 : 1:38 p.m.
Interesting, but I wonder if these stats are distorted by the sale of several HUD homes at much below market prices, along with a batch of county acessor auctioned homes. I'd like a comparison of prices with these distressed homes removed.