ArborMap
Market Analysis of Ann Arbor Home Sales
This chart records monthly home sales activity in the Ann Arbor School District since 2004. It counts the sales of single-family homes and condominiums sold by Realtors along with those sold by owner (FSBOs). It also includes sales of new construction sold by the builders themselves.
Single-Family Homes' Median Selling Price
This chart tracks the monthly median selling price (half cost less, half cost more) of existing single-family homes in the Ann Arbor School District since 2004, including those sold by Realtors, foreclosures and those sold by owner (FSBOs).
Single-Family Home Sales by Price Range
This table sorts existing single-family sales according to their price range. It includes homes sold by Realtors plus those sold by owner ('FSBOs').
| Price Range | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 |
| Less than $100,000 | 6 | 7 | 3 | 3 | 14 | 40 | 60 |
| $100,000-$199,999 | 226 | 234 | 197 | 206 | 286 | 332 | 362 |
| $200,000-$299,999 | 589 | 659 | 559 | 457 | 458 | 379 | 326 |
| $300,000-$399,999 | 299 | 351 | 312 | 272 | 252 | 155 | 129 |
| $400,000-$499,999 | 144 | 141 | 129 | 130 | 94 | 72 | 50 |
| $500,000-$599,999 | 69 | 76 | 81 | 67 | 69 | 31 | 40 |
| $600,000-$699,999 | 35 | 36 | 51 | 50 | 36 | 23 | 22 |
| $700,000-$799,999 | 20 | 26 | 20 | 30 | 17 | 20 | 13 |
| $800,000-$899,999 | 9 | 14 | 22 | 19 | 15 | 15 | 10 |
| $900,000-$999,999 | 10 | 5 | 8 | 7 | 4 | 5 | 6 |
| Over $1,000,000 | 10 | 17 | 10 | 13 | 7 | 6 | 3 |
| Homes Sold | 1,417 | 1,566 | 1,392 | 1,254 | 1,252 | 1,078 | 1,021 |
| Median Price | $275,000 | $278,000 | $285,000 | $288,000 | $260,000 | $235,000 | $220,000 |
| Average Price | $322,000 | $326,000 | $335,000 | $342,000 | $308,000 | $284,000 | $265,000 |
| Sales ($millions) | $456M | $510M | $460M | $429M | $386M | $306M | $270M |
| SF Portion of Total Sales | 48% | 59% | 55% | 61% | 70% | 68% | 70% |
| SF% Value of Total Sales | 54% | 66% | 61% | 69% | 75% | 73% | 79% |
Condominiums' Median Selling Price
This chart tracks the monthly median selling price (half cost less, half cost more) of existing condominiums in the Ann Arbor School District since 2004, including those sold by realtors and those sold by owner (FSBOs). Some co-op sales are not included.
Condominium Sales
The following chart tracks the number of existing condominiums sold monthly in the Ann Arbor school district since 2004 according to public records and/or the Ann Arbor Area Board of Realtors' database.
Condominium Sales by Price Range
The following table sorts sales of existing condos by their price range. It includes condos sold by Realtors as well as those sold by owner (FSBOs). Co-ops are not included in this table.
| Price Range | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 |
| Less than $100,000 | 16 | 14 | 9 | 8 | 18 | 29 | 78 |
| $100,000-$149,999 | 92 | 133 | 95 | 105 | 123 | 132 | 155 |
| $150,000-$199,999 | 211 | 232 | 231 | 206 | 125 | 110 | 84 |
| $200,000-$249,999 | 81 | 90 | 97 | 91 | 64 | 45 | 36 |
| $250,000-$299,999 | 38 | 60 | 42 | 33 | 26 | 22 | 11 |
| $300,000-$349,999 | 15 | 23 | 20 | 23 | 9 | 12 | 4 |
| $350,000-$399,999 | 12 | 11 | 13 | 10 | 8 | 8 | 5 |
| $400,000-$499,999 | 10 | 7 | 9 | 11 | 4 | 12 | 7 |
| More than $500K | 4 | 9 | 10 | 5 | 4 | 12 | 1 |
| Condos Sold | 479 | 579 | 526 | 492 | 381 | 382 | 381 |
| Median Price | $174,000 | $179,000 | $183,000 | $180,000 | $165,000 | $162,000 | $129,000 |
| Average Price | $195,000 | $199,000 | $205,000 | $198,000 | $184,000 | $193,000 | $148,000 |
| Sales ($Millions) | $93M | $115M | $108M | $98M | $70M | $74M | $56M |
Condominium Association Fees and Property Taxes
The following table lists the monthly association fees and annual property taxes of selected local condominiums. Only properties which qualified for the homestead property tax exemption were included. The table ranks the condominiums according to the combined annual total of their association fees and property taxes per square foot of living space in order to facilitate comparisons. It also specifies the size of the models we sampled. The floor-plans we sampled are not necessarily representative of other condos in the same complex because the size of different units may vary dramatically. Our analysis is drawn public records and from sales reports compiled by the Ann Arbor Area Board of Realtors, which are not guaranteed but are generally reliable. Fees and tax rates have most likely changed since this survey was compiled so do not rely on this list for current information.
| # | Condominium | Square Feet | Monthly Fee | Annual Fee/Foot | Property Tax | Annual Tax/Foot | Total |
| 1 | Tower Plaza | 400 | $297 | $8.91 | $3,521 | $8.80 | $17.71 |
| 2 | Syndeco Plaza | 2,916 | $950 | $3.91 | $19,398 | $6.65 | $10.56 |
| 3 | Liberty Lofts | 1,877 | $398 | $2.54 | $11,286 | $6.01 | $8.55 |
| 4 | Riverside Place | 866 | $307 | $4.25 | $3,699 | $4.27 | $8.52 |
| 5 | The Village | 720 | $304 | $5.07 | $1,864 | $2.59 | $7.66 |
| 6 | University Commons | 2,052 | $712 | $4.16 | $7,052 | $3.44 | $7.60 |
| 7 | Ashley Mews | 793 | $275 | $4.17 | $2,654 | $3.35 | $7.52 |
| 8 | University Commons | 1,270 | $349 | $3.30 | $4,732 | $3.73 | $7.03 |
| 9 | Oak Ridge | 1,959 | $438 | $2.68 | $8,044 | $4.11 | $6.79 |
| 10 | Georgetown Commons | 882 | $254 | $3.40 | $2,899 | $3.29 | $6.69 |
| 11 | River House | 871 | $247 | $3.40 | $2,216 | $2.54 | $5.94 |
| 12 | Briarcrest | 983 | $249 | $3.04 | $2,755 | $2.80 | $5.84 |
| 13 | Northbury | 2,056 | $451 | $2.63 | $6,592 | $3.21 | $5.84 |
| 14 | Crossings | 800 | $145 | $2.18 | $2,730 | $3.41 | $5.59 |
| 15 | Forest Creek | 1,074 | $232 | $2.59 | $3,101 | $2.89 | $5.48 |
| 16 | Laurel Gardens | 1,825 | $383 | $2.52 | $5,260 | $2.88 | $5.40 |
| 17 | Liberty Pointe | 1,378 | $270 | $2.35 | $4,072 | $2.96 | $5.31 |
| 18 | Woods of Ann Arbor | 1,513 | $310 | $2.46 | $4,211 | $2.78 | $5.24 |
| 19 | Weatherstone | 1,125 | $295 | $3.15 | $2,294 | $2.04 | $5.19 |
| 20 | Walden Village | 1,368 | $301 | $2.64 | $3,466 | $2.53 | $5.17 |
| 21 | Arlington Place | 1,053 | $197 | $2.25 | $3,022 | $2.87 | $5.12 |
| 22 | Nature Cove | 1,458 | $325 | $2.66 | $3,588 | $2.44 | $5.10 |
| 23 | Forest Creek | 1,012 | $182 | $2.16 | $2,877 | $2.84 | $5.00 |
| 24 | Walnut View | 1,521 | $325 | $2.56 | $3,687 | $2.42 | $4.98 |
| 25 | Alpine | 1,280 | $235 | $2.20 | $3,504 | $2.74 | $4.94 |
| 26 | Armory | 1,590 | $180 | $1.36 | $5,651 | $3.55 | $4.91 |
| 27 | Traver Lakes | 1,508 | $283 | $2.25 | $3,993 | $2.65 | $4.90 |
| 28 | Turnberry | 1,123 | $205 | $2.19 | $3,036 | $2.70 | $4.89 |
| 29 | Walden Hills | 1,173 | $290 | $2.97 | $2,147 | $1.83 | $4.80 |
| 30 | Nature Cove | 2,192 | $420 | $2.30 | $5,413 | $2.47 | $4.77 |
| 31 | Earhart Village | 1,540 | $325 | $2.53 | $3,348 | $2.17 | $4.70 |
| 32 | Wellesley Gardens | 1,341 | $205 | $1.83 | $3,642 | $2.72 | $4.55 |
| 33 | Barclay Park | 2,008 | $291 | $1.74 | $5,416 | $2.70 | $4.44 |
| 34 | Geddes Lake | 1,515 | $305 | $2.42 | $2,969 | $1.96 | $4.38 |
| 35 | Meadow Grove | 1,491 | $232 | $1.87 | $3,602 | $2.42 | $4.29 |
| 36 | Oak Meadows | 1,926 | $350 | $2.18 | $4,058 | $2.11 | $4.29 |
| 37 | Chapel Hill | 1,280 | $181 | $1.70 | $3,231 | $2.52 | $4.22 |
| 38 | Northside Glen | 1,094 | $189 | $2.07 | $2,296 | $2.10 | $4.17 |
| 39 | Brentwood Square | 1,563 | $236 | $1.81 | $3,614 | $2.31 | $4.12 |
| 40 | Chapel Hill | 1,401 | $199 | $1.70 | $3,315 | $2.37 | $4.07 |
| 41 | Heritage Ridge | 3,150 | $330 | $1.26 | $8,613 | $2.73 | $3.99 |
| 42 | Berkshire Creek | 2,179 | $213 | $1.17 | $6,129 | $2.81 | $3.98 |
| 43 | Fox Pointe | 1,382 | $195 | $1.69 | $3,040 | $2.20 | $3.89 |
| 44 | Arbor Heights | 768 | $150 | $2.34 | $1,157 | $1.51 | $3.85 |
| 45 | Scio Village | 1,586 | $230 | $1.74 | $3,054 | $1.93 | $3.67 |
| 46 | Geddes Lake | 1,280 | $225 | $2.11 | $1,955 | $1.53 | $3.64 |
| 47 | Newport West | 2,322 | $339 | $1.75 | $4,201 | $1.81 | $3.56 |
| 48 | Parkside Commons | 1,600 | $210 | $1.52 | $3,389 | $2.04 | $3.56 |
| 49 | Summerfield Glen | 1,412 | $189 | $1.61 | $2,750 | $1.95 | $3.56 |
| 50 | Rosewood | 1,492 | $235 | $1.89 | $2,378 | $1.59 | $3.48 |
| 51 | Woodside Meadows | 1,300 | $150 | $1.39 | $2,363 | $1.82 | $3.21 |
| 52 | Balmoral Park | 1,540 | $188 | $1.46 | $2,640 | $1.71 | $3.17 |
| 53 | Madison Place | 1,548 | $190 | $1.47 | $2,450 | $1.58 | $3.05 |
| 54 | Gallery Park | 2,325 | $210 | $1.08 | $4,567 | $1.96 | $3.04 |
| 55 | Blue Heron | 1,453 | $139 | $1.15 | $2,365 | $1.63 | $2.78 |
| 56 | Valley Ranch | 3,200 | $294 | $1.10 | $4,871 | $1.52 | $2.62 |
New Home Sales
The following chart tracks the combined number of new single-family homes and new condominiums sold monthly in the Ann Arbor school district since 2004 according to public records and/or the Ann Arbor Area Board of Realtors' database.
New Home Sales by Price Range
This chart sorts by price range the combined number of new single-family homes and new condominiums sold annually in the Ann Arbor school district according to public records and/or the Ann Arbor Area Board of Realtors' database. A few sales that are reported on the Home Sales Maps are not counted here since they are not in the Ann Arbor school district.
| Price Range | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 |
| Under $100,000 | 4 | 10 | 10 | 3 | 0 | 1 | 0 |
| $100,000-$199,999 | 219 | 189 | 180 | 73 | 45 | 33 | 21 |
| $200,000-$299,999 | 201 | 157 | 199 | 104 | 33 | 31 | 15 |
| $300,000-$399,999 | 61 | 94 | 111 | 54 | 31 | 30 | 7 |
| $400,000-$499,999 | 37 | 34 | 28 | 15 | 9 | 12 | 2 |
| $500,000-$599,999 | 21 | 24 | 28 | 13 | 5 | 4 | 1 |
| $600,000-$699,999 | 17 | 13 | 11 | 11 | 7 | 8 | 2 |
| $700,000-$799,999 | 14 | 12 | 16 | 4 | 12 | 0 | 1 |
| $800,000-$899,999 | 19 | 8 | 9 | 5 | 2 | 0 | 0 |
| $900,000-$999,999 | 3 | 5 | 8 | 0 | 2 | 0 | 1 |
| Over $1,000,000 | 1 | 2 | 0 | 4 | 4 | 1 | 1 |
| Homes Sold | 597 | 548 | 600 | 286 | 150 | 120 | 51 |
| Median Price | $242,000 | $243,000 | $248,000 | $260,000 | $291,000 | $278,000 | $220,000 |
| Average Price | $300,000 | $297,000 | $298,000 | $317,000 | $365,000 | $305,000 | $287,000 |
| Sales ($millions) | $179M | $163M | $179M | $91M | $55M | $37M | $15M |
Co-op Median Selling Price
This chart tracks the median selling price (half cost less, half cost more) of representative co-ops in the Village and Geddes Lake Cooperative neighborhoods since 2003, based on sales from January through September which were reported by the Ann Arbor Area Board of Realtors Multiple Listing Service. Geddes Lake is represented by the floor-plans with two bedrooms and one and a half bathrooms which vary in size from 1,200-1,280 square feet of living space. The Village is represented by the floor-plan with two bedrooms and one bathroom which provide 1,080 square feet of living space.
Top Lenders of 2009
The following tables identify the top providers of mortgages in the Ann Arbor school district. It is based on a sample of public records which examined activity from January through August of 2009. While most of these loans were residential mortgages and/or home equity lines of credit, it should be noted that a handful of commercial loans were included in the sample. Related companies were combined to simplify the table.
| Rank | Ann Arbor's Top 15 Lenders | Loans |
| 1 | United Bank & Trust | 18 |
| 2 | Bank of Ann Arbor | 16 |
| 3 | Bank of America (Countrywide) | 12 |
| 4 | Flagstar | 10 |
| 5 | Chase | 9 |
| 6 | Ann Arbor State Bank | 6 |
| 7 | Huron Valley Financial | 5 |
| 7 | MidWest Financial Credit Union (UMHSFCU) | 5 |
| 9 | Citizens Bank (RBS) | 4 |
| 9 | Comerica | 4 |
| 9 | Michigan Commerce Bank | 4 |
| 9 | Wells Fargo | 4 |
| 13 | Gold Star | 3 |
| 13 | KeyBank | 3 |
| 13 | University of Michigan Credit Union | 3 |
Top Brokers of 2009
Here we have ranked Ann Arbor’s top brokers of residential real estate based upon the combined numbers of homes they listed and/or sold in the Ann Arbor school district in 2009. We counted single-family homes, condos and co-ops reported to the Ann Arbor Area Multiple Listing Service. Our count reflects the Realtors’ convention of counting every sale twice since the sales commission is typically split between a listing broker and a selling broker.
Top Agents of 2008
These two tables rank Ann Arbor’s top Realtors according to their sales of residential real estate. The table on the left is based upon the numbers of homes they sold in the Ann Arbor school district whether they were the listing agent or the selling agent. The table on the right ranks agents by the value of their sales. We included sales of single-family homes, condos and co-ops in our survey. It is based on our analysis of 1,499 sales reports collected by the Ann Arbor Area Board of Realtors. The agents' brokers are identified by three letters; KWA = Keller Williams Ann Arbor, EDS = Edward Surovell Co., CRC = Charles Reinhart Co, etc.
| 2008 | TOP TWENTY | BROKER | NUMBER | 2008 | TOP TWENTY | BROKER | VALUE of | |
| Rank | REALTORS | OFFICE | of SALES | Rank | REALTORS | OFFICE | SALES | |
| 1 | Martin Bouma | KWA | 121 | 1 | Nancy Bishop | EDS | $39,088,000 | |
| 2 | Nancy Bishop | EDS | 90 | 2 | Martin Bouma | KWA | $33,955,000 | |
| 3 | Elizabeth Brien | CRC | 61 | 3 | Elizabeth Brien | CRC | $23,587,000 | |
| 4 | Glenda Gerbstadt | CBS | 42 | 4 | Lisa Stelter | CRC | $13,442,000 | |
| 5 | Michal Porath | EDS | 36 | 5 | Michal Porath | EDS | $10,360,000 | |
| 6 | Alex Milshteyn | EDS | 35 | 6 | Matt Dejanovich | REO | $9,399,000 | |
| 7 | Patti Eddy | EDS | 32 | 7 | Carolyn Lepard | CRC | $9,332,000 | |
| 8 | Lisa Stelter | CRC | 31 | 8 | Steffie Savarino | SPI | $9,130,000 | |
| 9 | Eric Pointer | REO | 29 | 9 | Nancy Clark | PRU | $8,178,000 | |
| 10 | Susan Fecteau | TRG | 29 | 10 | Nancy Bahr | CRC | $7,769,000 | |
| 11 | Rick Jarzembowski | REO | 23 | 11 | Alex Milshteyn | EDS | $7,690,000 | |
| 12 | Jeri Sawall | CRC | 22 | 12 | Jeri Sawall | CRC | $7,598,000 | |
| 13 | Matt Dejanovich | REO | 20 | 13 | Eric Pointer | REO | $7,376,000 | |
| 14 | Steffie Savarino | SPI | 20 | 14 | Patti Eddy | EDS | $7,256,000 | |
| 15 | Shiao Ling Chu | CRC | 20 | 15 | Glenda Gerbstadt | CBS | $7,064,000 | |
| 16 | Nicki Noel | CRC | 19 | 16 | Fran Jones | CRC | $6,290,000 | |
| 17 | Ron Herman | EDS | 19 | 17 | Shiao Ling Chu | CRC | $5,980,000 | |
| 18 | Brian Tomsic | URA | 19 | 18 | Bill Flood | EDS | $5,258,000 | |
| 19 | Pat Williams | CRC | 18 | 19 | Susan Fecteau | TRG | $5,106,000 | |
| 20 | Ellen Cimmino | EDS | 17 | 20 | Nicki Noel | CRC | $4,857,000 |
Prices Per Square Foot by Elementary School District
The following chart of Ann Arbor’s nineteen elementary school districts illustrates the median selling price per square foot of living space for single-family homes sold by realtors during the twelve months between June 1st and May 31st.
Top Builders of 2007
This table ranks home builders according to the number of homes they reported sold in the Ann Arbor school district in 2007. The first section ranks builders by the the number of single-family homes they sold and the second section ranks the condominium builders.
| Builder: Subdivision | 2007 Sales | 2007 Total | Average Price | Link |
| Toll Brothers: Walnut Ridge, Rolling Hills | 12 | $9,231,000 | $769,250 | www.tollbrothers.com |
| Triangle: Arbor Woods | 7 | $1,841,000 | $263,000 | www.triangle-newhomes.com |
| Guenther: Foxfire | 6 | $1,878,000 | $313,000 | www.guentherhomes.com |
| J.E.Brown: Pheasant Hollow | 2 | $1,538,000 | $769,000 | www.jebrownbuilding.com |
| Loyalty: Ashford Village | 2 | $625,000 | $312,500 | www.loyaltybuildersdevelopers.com |
| MJC West: Willow Pond | 1 | $202,000 | $202,000 | unavailable |
| Builder: Condominium | ||||
| Selective: Blue Heron Pointe | 19 | $2,816,000 | $148,211 | www.centexhomes.com/detroit/N45944.asp |
| Norfolk Development Co.: Summerfield Glen | 17 | $3,041,000 | $178,882 | www.norfolk-homes.com |
| Wineman & Komer: Balmoral Park | 12 | $3,150,000 | $262,500 | www.wineman-komer.com |
| Morningside: Liberty Lofts | 11 | $4,491,000 | $408,273 | www.libertyloftsannarbor.com |
| Denali: Lofts 322 | 5 | $2,312,000 | $462,400 | www.loft322.com |
| Wexford: Gallery Park | 5 | $1,599,000 | $319,800 | www.wexfordhomes.com |