Strong Ann Arbor Real Estate Market May Get Influx Of Homes On North Side Of City
Proposals to build homes on Ann Arbor's north side are another indication that the area's real estate market is heating up. Toll Brothers is holding a community meeting Thursday night on plans to build 500 residences at Dhu Varren and Nixon.
Trillium Real Estate President Sandi Smith says there is strong demand for homes under $400,000, but the market is really ready for new homes. She says that's because in many recent years less than a dozen construction permits were pulled to build new houses.
Smith says homes that are priced right and clean are getting five to ten bids and selling very quickly.
The Toll Brothers plan calls on annexation of over 100 acres from Ann Arbor Township for townhomes and carriage houses. Their meeting is Thursday at 7 PM at the Holiday Inn on Plymouth Road.
— Andrew Cluley is the Ann Arbor beat reporter, and anchor for 89.1 WEMU News. Contact him at 734.487.3363 or email him firstname.lastname@example.org.