Tuesday, January 10, 2012

Piperpartners Real Estate Announces 2011 Sales Results

Kerrytown - Downtown Ann Arbor, MI
The Piperpartners real estate team at Keller Williams Realty in Ann Arbor is pleased to announce year end sales for 2011 of $13,520,000 vs. 12,252,000 in 2010 a 10.4 percent increase.  

We are very thankful for the opportunity to have helped 135 families buy, sell or lease a home in 2011! Average sale price of our homes sold in Ann Arbor was $201,050 with home sales ranging from $50,000 to $750,000.  In West Wayne and Oakland Counties, our average sale price was below $100,000.  

  • Andy Piper - team leader. listing and buyer specialist, Internet markeitng specialist.
  • Karolynn Schofield - Lead buyer agent Washtenaw County
  • Nancy Austin - listing and buyer specialist and senior relocation specialist Wayne-Oaklnad County
  • Robert Schaeffer - buyer specialist Wayne-Oakland County
  • Chris Chinchak - leasing specialist Washtenaw and West Wayne County.
  • Cheryl Morris - Administration and marketing.
  • Jan Byar - closing coordinator
  • Keller Williams Ann Arbor support staff
Alli Hall - KW support staff
We could not have achieved these results without the experience, hard work and dedication  each of our real estate agents and support staff and the trust and confidence of our clients.  

The Piperparnters real estate team while strongest in Ann Arbor also sold homes in Dexter, Ypsilanti, Saline, Canton, Plymouth, Northville, Farmington Hills, Westland, Detroit, Novi, Livonia and Belleville.  

We attribute most of our success to the strong presence Piperpartners.com has on the Internet and to the gracious referrals we received through our satisfied customers and the Keller Williams Realty national network of more than 75,000 agents.  

During 2011 we saw increased success in completing short sales by successfully negotiating with the banks.  The Piperpartners team successfully closed every short sale we attempted with the average time from contract to close being @100 days.  

The leasing market continued to be significant component of our business, though we saw a decreasing inventory of quality properties as the year progressed.  With decreasing inventory and increasing rents we are finding that some clients, with longer time horizons are deciding to purchase when after weighing out the difference between leasing and buying.  Our buyer clients were able to find excellent deals in most areas, though they found that there was strong completion for well priced homes.  Buyers often had to write offers on more than one home to secure a deal.  

Cafe Zola outside seating Washington Street.
Downtown Ann Arbor and in-town neighborhoods actually saw price increases in 201. Inventory downtown - particularly newer condos, with parking such as Liberty Lofts, Loft 322 and Ashley Mews was very low with a large unmet demand for rentals in these high quality properties.  Ashley Terrace the newest downtown high rise saw inventory hit the market as Bank of America sold near ly 20 units to an investor, however, financing remains difficult at this time.

For 2012 we expect to see the beginnings of a seller’s market in Ann Arbor due to low inventories, and expect to see modest increase in prices.  In Wayne and Oakland Counties we expect the majority of the market to be foreclosure and short-sale properties.  with modest improvement in prices.  

We see pent up demand in the move buyer market - people are ready to move, have the resources to buy a new home, but are”upside down” in their current residence.  In some instances we are seeing buyers bring cash to close their current home and buying a new, larger property while maintaining the same or even lower payment.  This is due to very low interest rates and lower prices in the market.

We look forward to helping you or your friends and family find or sell a home in 2012.  If this is the year for you to make a move please give us a call at 734-604-8242 or visit www.Piperpartners.com to find our more about our services for buyer and sellers.

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