Posted on

Arlington Place Ann Arbor Condos: Serene Wooded Views, Great Location

The Arlington Place condominiums offer a tranquil setting and an easy commute to work, school, or the hospital. The wooded views and proximity to Mallet’s Creek make this Ann Arbor condo community desirable for anyone looking for peace in their home.

This is not your average cookie-cutter housing development! You’ll find that each unit has been carefully designed with the individual needs of owners in mind – from full living space on one level (no stairs!) to beautifully landscaped grounds with lots of walking trails. Every detail has been meticulously planned out so you can enjoy life worry-free every day at our luxury condos near downtown Ann Arbor.

LOCATION:

For those who want to live in a quiet community while still having easy access to the city, Arlington Place condos are perfect for you! With Whole Foods and Barnes & Noble just down the street as well as tons of shops nearby, your days will be filled with plenty of fun. But if that’s not enough entertainment for you then don’t worry because Ann Arbor is only about 20 minutes away on foot or 5 minutes by car so there will always something new waiting right around the corner.

Arlington Place is a hidden gem for those who want to have the convenience of city living without all the noise. It’s only 10 minutes away from downtown Ann Arbor, but once you are there you feel like it is miles away from any other person in this community that has 55 foot tall trees and serene views with waterfalls cascading down into Mallet’s Creek below your balcony. You can go right outside on one side of Arlington Place and explore nature or walk out opposite door if looking for entertainment at night life venues nearby!

AMMENITIES:

Arlington Place is a community of 56 ranch style condos with 1000-1200 square feet. Residents will find 2-3 bedrooms and attached garages for parking their cars, while the property offers private balconies overlooking Mallet’s creek wooded nature area. The association fees range from $250-$300/month to cover lawn care and landscaping, snow removal, building insurance among other amenities like water & sewer!

Additional Details:

  • Secured entries with intercom system
  • Attached garages
  • Master bedroom suites
  • Wooded views
  • Walk to shopping, restaurants and more
  • On the bus line

Interested in knowing what’s for sale right no? Check now:

https://www.arbormove.com/condo/arlington-place

Interested in selling your condo? Contact us to get started: SELL MY CONDO

Posted on

What Words in a Listing Description Mean: Decoding The Real Estate Lingo

Have you ever read the description of a house for sale and you’re excited about it, but when you go and see it, it’s not at all what you imagined? Here are some tricks to reading between the lines on the home description, that may save you some head ache and time. Enjoy and please let me know if you have any questions or feedback.

Here’s the decoder ring for real estate. When you see these words in a listing description and what they really mean.

Listing descriptions are often riddled with jargon that might not be self-explanatory to someone who is unfamiliar with the industry. To help potential buyers understand what all of this means, here’s an overview of some common terms so that they can find their dream home with ease!

Cozy – too small for most people, tight spaces

Cottage – little place you probably won’t want for year round living

Custom – non traditional and sometimes weird

Unique – this is one person’s taste is decorating and probably not for everyone

Modern, vintage, and rustic – this means dated and in dire need of updates

Great potential – be prepared to dump $100,000 into this house, or more, and probably needs to be stripped to the studs

Lovingly maintained – means they have not updated this since they moved in, but are clean and thoughtful. Probably needs to be updated but at least it’s clean

Hot or up-and-coming neighborhood – means half of the houses are old and worn and the lawns are unkept while half have new owners that are excited to be living there

Luxury kitchen – not likely, stainless appliances at best

There are certainly more, and I’ll add them as I see them. It’s exhausting reading these descriptions and knowing what I’m going to see to when I get there!

Posted on

Home Prices | As simple as supply and demand

Are you worried about the housing market? It’s time to relax.

Home prices are determined by supply and demand. Today, it is simple to explain the strong year-over-year home price appreciation because of this concept. As more people want to buy houses than there are available homes on the market, buyers have no choice but pay a premium for those few that do exist. This causes house values in fantastic neighborhoods like Beverly Hills or Palos Verdes Estates soar while poorer regions see their property stocks stagnate or decline in value as they compete with each other for scarce resources.

Here are three maps that show the effects this theory has had on residential real estate:

Map #1 – State-by-state price appreciation reported by the Federal Housing Finance Agency (FHFA) for the first quarter of 2021 compared to the first quarter of 2020:

As the map shows, certain states (colored in red) have appreciated well above the national average of 12.6%.

Map #2 – The change in state-by-state inventory levels year-over-year reported by realtor.com:

Housing inventory is at all-time lows while demand remains high and this proves to be a recipe for higher housing prices. In fact, states with the most change in listing inventory also experience greater price appreciation than those without such drastic changes. The best examples are Idaho, Utah, and Arizona where both increased by more than 30%. This correlation between changing listings inventories and state’s property value increase can easily be seen when comparing different maps of each individual U.S state – especially as it pertains to these three cases.

The reason prices continue to accelerate is that housing inventory is still at all-time lows while demand remains high. However, this may be changing.

Is there relief around the corner?

The report by realtor.com also shows the monthly change in inventory for each state.

Map #3 – State-by-state changes in inventory levels month-over-month reported by realtor.com:

As the map indicates, 39 of the 50 states (plus the District of Columbia) saw increases in inventory over the last month. This may be evidence that homeowners who have been afraid to let buyers in their homes during the pandemic are now putting their houses on the market.

We’ll know for certain as we move through the rest of the year.

The rapid price appreciation we’ve experienced over the last year has some people concerned. The maps above show that this is warranted if you look at how much demand there was for homes and what limited supply existed. Going forward, as long as more houses are put on sale to meet the higher level of demand it will be a bit easier for prices to moderate towards their historical levels rather than continuing up so quickly like they have been recently.

The information contained, and the opinions expressed, in this article are not intended to be construed as investment advice. The Arbor Move Team does not guarantee or warrant the accuracy of any claims made herein. It is your responsibility to perform due diligence before making an investment decision for yourself or anyone else on behalf of a third party that you may have fiduciary duties with respect to such person’s finances.

The content located here was created by one member from our team at ARBOR MOVE (Please note: This content contains personal opinion)