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Lenawee County Market Trends 1-2007 To 6-2013

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Here is the latest Year to Year Average Sales Price trends for the entire Lenawee County, MI market area based on LCAR Paragon MLS data. (Click the image to enlarge)

 

As can be seen from the preceding graph, for the past 2.5 years the Average Sales Price County wide has been steadily increasing along with the total number of sales. Based on trending forecasts, the number of sales if they keep on pace with the first half of 2013 will keep in step with the previous year for the end of the year.

NE Ann Arbor, MI Residential Real Estate Market Trends

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Here are the latest monthly trends in Sales Price per Square Foot for the NE Ann Arbor, MI market area.

Monthly Trend in Average Sales Price per Sq. Ft. MLS Area 81NE Ann Arbor, MI

Monthly Trend in Average Sales Price per Sq. Ft. MLS Area 81NE Ann Arbor, MI


As can be seen from the preceding graph the Linear trend line (Average of Selling Price per Sq. Ft.) has been steadily increasing over the past two plus years.

Western Ann Arbor, MI Residential Real Estate Market Trends

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Here are the latest monthly trends in Sales Price per Square Foot for the Western Ann Arbor, MI market area.

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As can be seen from the preceding graph the Linear trend line (Average of Selling Price per Sq. Ft.) has been steadily increasing over the past two plus years.

Central Ann Arbor, MI Residential Real Estate Market Trends

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Here are the latest monthly trends in Sales Price per Square Foot for the Central Ann Arbor, MI market area.

Jan-2011-April-2013-Central-Ann-Arbor

According to current pricing trends the first four months of the year for Central Ann Arbor are flat.

Ypsilanti MI, Residential Real Estate Market Trends

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Here are the latest monthly trends in Sales Price per Square Foot for the Ypsilanti market area.

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Seasonal trends show the market continues to recover.

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Enhanced Easement Incentive

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Given the current activities in Washington DC, the Enhanced Tax Incentive has been extended through December 31, 2013. What that means is any person wishing to donate conserved land through a conservation easement can continue to receive possible significant federal tax benefits. A land owner can receive federal tax benefits by adhering to the IRC section 170(h)(2) which covers the Donations of Conservation Easements (and other partial interests). The 2013 extended enhanced incentive allows a donor to use a conservation donation deduction to deduct 50% of their gross income in any year, up from the normal 30% that is a permanent part of the law. This temporary break will also allow a donor to carry forward any unused write-off for a full 15 years, instead of the normal five. However if the donor is by occupation a farmer or rancher their respective offset can be up to 100% of their adjusted gross income with a conservation easement donation. This could possibly take out any taxable income based on this offset up to 15 years instead of the normal five years.

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Affinity Valuation Group, LLC has extensive training and experience on appraising properties impacted by conservation easements. It is important to note that part of the 2006 US Pension Protection Act targets the potential abuse of substantial or gross misstatements of value. The appraisers at Affinity Valuation Group, LLC understand the importance of remaining impartial and at the same time provide sound and accurate valuation methods. Paul K. Bidwell, MAI, ASA, CCIM is considered a “qualified appraiser” under the new IRS rules which indicates that the appraiser must “demonstrate verifiable education and experience in valuing the type of property subject to the appraisal.”

If you have any questions needs on this post or any other information contained in our blog, let’s connect by phone 800-305-8832 or info@affinityvaluation.com

 

Affinity Valuation Group LLC
Located in: Ann Arbor, Howell, Jackson & Tecumseh, Michigan

Website: affinityvaluation.net  •  1310 S Main St, Suite 7  •  Ann Arbor, Michigan  48104
Phone: (800) 305-8832  •  Fax: (800) 354-9868  •  E-mail: info@affinityvaluation.com

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