{"id":4702,"date":"2014-04-09T15:30:10","date_gmt":"2014-04-09T15:30:10","guid":{"rendered":"http:\/\/www.reinhartrealtors.com\/blog\/?p=4702"},"modified":"2014-04-09T15:30:10","modified_gmt":"2014-04-09T15:30:10","slug":"ann-arbors-condo-market-is-in-full-swing","status":"publish","type":"post","link":"https:\/\/a2michelle.reinhartrealtors.com\/blog\/ann-arbors-condo-market-is-in-full-swing\/","title":{"rendered":"Ann Arbor's Condo Market is in Full Swing"},"content":{"rendered":"

As more buyers are looking to move downtown, the Ann Arbor condo market is facing a lack of inventory and record-setting sale prices.
\n\"condo\"<\/a>
\nTwenty-three condominiums are listed for sale in the downtown Ann Arbor area, with five of those properties under contract, according to data from Ann Arbor\u2019s multiple listing service.
\nDowntown condos range from the Tower Plaza building on East William Street \u2014 where units are listed from $134,800 to $259,000 \u2014 to a high-end loft on South Main Street listed for $1.725 million.
\nThe demand is highest for high-end and newer units, and only a handful of those properties are available. Recent sales data shows some downtown condos are selling at record prices. The average sale price of condos in all of Washtenaw County last year was $248,601, up from $210,616 in 2012, according to the Ann Arbor Area Board of Realtors.<\/p>\n

\"CONDO\"<\/a><\/p>\n

The rise in demand is causing some downtown property owners to explore options for constructing condominiums atop their existing buildings. The owners of the Running Fit building at 121-123 E. Liberty St.\u00a0proposed\u00a0an addition that would include six housing units. Just around the corner, the new owners of the building at 210-216 S. Fourth Ave.\u00a0want to add\u00a0roughly 30 condos or apartments as part of a redevelopment of the property.
\nRead the full article\u00a0<\/a>
\nSource: MLive\u00a0<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

As more buyers are looking to move downtown, the Ann Arbor condo market is facing a lack of inventory and record-setting sale prices. Twenty-three condominiums are listed for sale in the downtown Ann Arbor area, with five of those properties under contract, according to data from Ann Arbor\u2019s multiple listing service. Downtown condos range from […]<\/p>\n","protected":false},"author":19,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[30],"tags":[],"class_list":["post-4702","post","type-post","status-publish","format-standard","hentry","category-real-estate"],"yoast_head":"\nAnn Arbor's Condo Market is in Full Swing - Reinhart<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/422middle.reinhartrealtors.com\/blog\/ann-arbors-condo-market-is-in-full-swing\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Ann Arbor's Condo Market is in Full Swing - Reinhart\" \/>\n<meta property=\"og:description\" content=\"As more buyers are looking to move downtown, the Ann Arbor condo market is facing a lack of inventory and record-setting sale prices. Twenty-three condominiums are listed for sale in the downtown Ann Arbor area, with five of those properties under contract, according to data from Ann Arbor\u2019s multiple listing service. 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