Author: Studio Four8

Posted on

The Four8 Foodies | Bellflower Restaurant

At Studio Four8, our team firmly believes in the significance of community engagement, and we have found restaurant reviews to be an invaluable avenue for fostering these connections. Interacting with our community through food allows us to establish genuine relationships and develop a deeper understanding of the local culinary landscape. By sharing our thoughts and experiences about local dining establishments, we not only provide valuable insights to our community members but also demonstrate our commitment to supporting local businesses.

These reviews enable us to connect with individuals on a personal level, sparking conversations and establishing ourselves as trusted advisors within the community. Through our engagement in restaurant reviews, we aim to create a vibrant network that not only strengthens community ties but also establishes us as a dedicated real estate team deeply invested in the overall well-being of the neighborhoods we serve. So join us for our first review at Bellflower in Ypsilanti!

Bellflower is a contemporary restaurant in downtown Ypsilanti that serves seasonal, locally sourced dishes. The menu changes frequently, but you can always expect to find creative and delicious food made with high-quality ingredients. The restaurant also has a great selection of cocktails and wine.

Bellflower Restaurant | Ypsilanti, MI

The atmosphere at Bellflower is warm and inviting. The dining room is spacious and well-lit, with exposed brick walls and a generously sized bar. There is also a large patio that is perfect for dining al fresco.

The service at Bellflower is attentive and friendly. The staff is knowledgeable about the menu and can help you choose the perfect dishes.

We had the pleasure of dining at Bellflower recently and were very impressed with the food. We recently had lunch service here as a team. Their lunch service consists of a sandwich counter with a gumbo or soup also available. The sandwiches offered range from cold cuts, to pimento cheese, to fried shrimp and smelt, all served on fresh baked bread.

Open Monday through Saturday each week, Bellflower’s dinner service begins daily at 5p. Their dinner menu changes daily, based on the time of year, and ingredients available. Sourcing ingredients from a close by as possible, the food is fresh, flavorful, and delicious. A frequent dish on the dinner menu is a curry of some kind.

Overall, we had a wonderful dining experience at Bellflower. The food was delicious, the atmosphere was inviting, and company was excellent. We highly recommend Bellflower to anyone looking for a great meal in Ypsilanti.

If you’re looking for a special occasion restaurant in Ypsilanti, Bellflower is a great choice. You won’t be disappointed.

Planning a special meal? Be sure to visit Bellflower, and plan your dinner meal here.

Pro tip: there is a magical device on the wall outside the Bellflower main entrance that harkens back to the building’s past location of the Ypsilanti telephone exchange for Michigan Bell Telephone company.

Posted on

February 2023 Ann Arbor Area Housing Market Update

View Fullscreen

[transcription]

Welcome to the Studio Cast’s monthly housing update for Washnaw County. I’m Todd Waller and here is the market update from the Ann Arbor Area Board of Realtors.

In its continued effort to curb inflation, the Federal Reserve raised its benchmark interest rate in February by a quarter percentage point to 4.50 to 4.75 percent, its eighth rate hike since March of last year when the interest rate was nearly zero. Mortgage interest rates have dipped slightly from their peak last fall, leading pending sales to increase 8.1% month to month as of last measure, but affordability constraints continue to limit home buyer activity overall, with existing home sales declining for the 12th consecutive month according to the National Association of Realtors.

New listings in Washtenaw County decreased 21.4% for single-family homes and 10.8% for townhouse and condo homes. Pending sales increased 15.9% for single-family homes and 19.7% for townhouse and condo homes. decrease 20.4% for single-family homes and 27.8% for townhouse and condo homes.

Median sales price in Washtenaw County decreased 1.7% to 375,000 for single-family homes and 0.3% to $297,450 for townhouse and condo homes. Average days on market increased 20.6% for single-family homes and 66.7% for townhouse and condo homes. Both supply of inventory decreased 8.3% for single family homes and 12.5% for townhouse and condo homes.

With buyer demand down from peak levels, home price growth has continued to slow nationwide, although prices remain up from a year ago. Sellers have been increasingly cutting prices and offering sales incentives in an attempt to attract buyers who have continued to struggle with affordability challenges this winter. The slight decline in mortgage rates earlier this year convinced some buyers to come off the sidelines, but with rates ticking back up again in recent weeks, buyers are once again pulling back, causing sales activity to remain down heading into the spring.

Thanks so much for stopping by and listening to this monthly update of the Washtenaw County Real Estate Marketplace. This is Studio 48 saying we’re here to recreate real estate.

[end transcription]

Posted on

January 2023 Ann Arbor Area Housing Market Update

View Fullscreen

[transcription]

Welcome to the Studiocast’s monthly housing update for Washtenaw County. I’m Todd Waller and here’s the market update from the Ann Arbor Area Board of Realtors for January 2023.

The US housing market began the year in a state of rebalance, with many buyers and sellers remaining cautious while they wait to see where the market is headed. Nationally, pending sales rose 2.5% month to month, marking the first increase since May, sales of existing homes fell 1.5% as of last measure according to the National Association of Realtors. Demand for housing persists, but higher mortgage interest rates have cut into housing affordability with total home sales down 17.8% last year compared to 2021.

New listings in Washington County decreased 7.1% for single-family homes and 28.9% for townhouse and condo homes. sales increased 20.1% for single-family homes and 21.9% for townhouse and condo homes. Inventory decreased 16.8% for single-family homes and 29.1% for town homes and condo homes.

Media and sales price in Washington County decreased 4.1% to $325,800 for single-family homes but increased 8.4% to 257,000 for townhouse and condo homes. days on market decreased 5% for single-family homes and 5.4% for townhouse and condo homes. Months supply of inventory remained flat for single-family homes but decreased 18.8% for townhouse and condo properties.

As sales slow, time on market is increasing with the average home spending 26 days on market as of last measure according to NAR. Cellar concessions have made a comeback giving buyers more time and negotiating power when shopping for a home. Though home prices remain high, mortgage rates decline steadily throughout January, falling to their lowest level since September, sparking a recent surge in mortgage demand. Lower rates should have aid in affordability and may soon lead to an uptick in market activity ahead of the spring-selling season.

This is Todd Waller with StudioFour8 saying, “We’re here to recreate real estate.”

[end transcription]

Posted on

Buon Giorno!

In a pique of coincidence, the same Summer that Berkshire Hathaway HomeServices expanded their brokerage operations into Rome, Italy, the Studio Four8 partner Todd Waller and his family spent some time touring the Italian countryside. So, to whet your appetite for international travel, focusing on Italy, here are some pics from Venice, Florence, Rome, and Positano, from their excursions.

Want to learn more about why Italy might be a great second, or even primary, residence locale? Here is the Berkshire Hathaway HomeServices Market Report, “European Summer,” with a write up on Italy, amongst other countries.

Posted on

Ypsilanti’s Real Estate Market Update | June 2021

Every month Todd Waller dives deep into the previous month’s Ypsilanti, Michigan real estate market stats and delivers exciting insights into the status of the Ypsilanti real estate market. Subscribe to the Studio Four8 YouTube channel and never miss an update again!

Ypsilanti’s Real Estate Market

The 2021 Ypsilanti real estate market continues to be a strong seller’s market, with low inventory levels, strong price appreciation, and many over list price sales occurring. These June 2021 stats are compared to the previous year’s June 2020 statistics, which means for the year over year comparisons, numbers of transactions, and days on market can be skewed because there was a hot moment where real estate was effectively brought to a standstill. (Thanks, Covid-19.)

Average Sales Price

The average sales price for a single family property (house or condo) sold in Ypsilanti in the month of June 2021, was $241,174. Compared to June of 2020, this is up 17.60%. The median sales price also saw a pretty significant jump in June. Median sales price rose 11.14% to $225,000, when comparing June 2020 to June 2021.

Days on Market

Properties sold in June of 2021 were on market for an average of 12 days. This is down nearly 71.92% from June 2020.

Near single digit days on market, dear reader, means that there is precious little in the way of inventory for buyers to consider. Of course, how many homes sold at or above list price is also an indicator…

Properties Sold At or Above List Price

June of 2021 saw a 48.08% increase in the number of properties sold, compared to June of 2020, with a total of 77 properties receiving new owners.

A newly tracked statistic for the Studio is the percentage of properties each month that sell at or above list price. This metric is another way to gauge the supply/demand inequity in the Ypsilanti market. In June of 2021, 85.71% of the properties sold at or above list price.

When 85% of all home sales are at or above list price, you can be sure that there is fierce competition among buyers for the limited stock of inventory that is coming to market. This is the highest percentage among the Washtenaw county municipalities that we track.

What to do With This Information?

If you own a place in Ypsilanti, or are thinking of purchasing in Ypsilanti, Studio Four8 is here to help you navigate the current market, regardless of the conditions. The current market conditions favor sellers. This is evident by the short days on market, and the percentage of properties selling at and above list price. So, for sellers, this is a great time to be selling. Reach out to a Studio Four8 agent and learn how we maximize the market conditions for your specific home selling scenario.

For purchasers, this is a challenging market, to be sure. Chat with an agent at the Studio and learn how your offer will be considered by a seller, and how we can shorten your time looking for a property.

Ypsilanti Real Estate Market Snapshot Shareable Graphic
Contact Us
Studio Four8’s YouTube Channel

Posted on

Saline Michigan Real Estate Market Update | June 2021

Every month Todd Waller dives deep into the previous month’s Saline Michigan real estate market stats and delivers exciting insights into the status of the Saline Michigan area real estate market. Subscribe to the Studio Four8 YouTube channel and never miss an update again!

Saline Michigan Real Estate Market

The 2021 Saline real estate market continues to be a strong sellers market, with low inventory levels, strong price appreciation, and many over list price sales occurring. These June 2021 stats are compared to the previous year’s June 2020 statistics, which means for the year over year comparisons, numbers of transactions, and days on market can be skewed because there was a hot moment where real estate was effectively brought to a standstill. (Thanks, Covid-19.)

Average Sales Price

The average sales price for a single family property (house or condo) sold in Saline in the month of June 2021, was $476,232. Compared to June of 2020, this is up 15.30%. The median sales price also saw a pretty significant jump in June. Median sales price rose 22.24% to $473,390, when comparing June 2020 to June 2021.

Days on Market

Properties sold in June of 2021 were on market for an average of 89 days. This is up over 54% from June 2020. On the surface, this looks like the Saline market is overloaded with inventory. The reality is that there were three new construction listings that finally closed. They had been listed since 2016. Those three sales with 4 years of days on market were enough to push the average days on market up to nearly three months.

Properties Sold At or Above List Price

June of 2021 saw a 62.50% increase in the number of properties sold, compared to June of 2020, with a total of 65 properties receiving new owners.

A newly tracked statistic for the Studio is the percentage of properties each month that sell at or above list price. This metric is another way to gauge the supply/demand inequity in the Saline market. In June of 2021, 81.54% of the properties sold at or above list price.

When over 80% of all home sales are at or above list price, you can be sure that there is fierce competition among buyers for the limited stock of inventory that is coming to market. To be sure, Saline has seen a higher share of property selling at/above list for quite some time. For example, June of 2014 saw 70.37% of the 54 properties sell at or above list price.

What to do With This Information?

If you own a place in Saline, or are thinking of purchasing in Saline, Studio Four8 is here to help you navigate the current market, regardless of the conditions. The current market conditions favor Saline sellers. This is evident by the short days on market, and the percentage of properties selling at and above list price. So, for sellers, this is a great time to be selling. Reach out to a Studio Four8 agent and learn how we maximize the market conditions for your specific home selling scenario.

For purchasers, this is a challenging market, to be sure. Chat with an agent at the Studio and learn how your offer will be considered by a seller, and how we can shorten your time looking for a property.

Saline Michigan’s Real Estate Market Snapshot Shareable Graphic
Contact Us
Studio Four8’s YouTube Channel
Previous Market Update

Posted on

Lincoln School District Real Estate Market Update | June 2021

Every month Todd Waller dives deep into the previous month’s Ypsilanti Township, Michigan real estate market stats and delivers exciting insights into the status of the Lincoln School district’s real estate market. Subscribe to the Studio Four8 YouTube channel and never miss an update again!

Lincoln School District Real Estate Market

The 2021 the Lincoln school district’s real estate market continues to be a strong sellers market, with low inventory levels, strong price appreciation, and many over list price sales occurring. These June 2021 stats are compared to the previous year’s June 2020 statistics, which means for the year over year comparisons, numbers of transactions, and days on market can be skewed because there was a hot moment where real estate was effectively brought to a standstill. (Thanks, Covid-19.)

Average Sales Price

The average sales price for a single family property (house or condo) sold in the Lincoln School district in the month of June 2021, was $302,334. Compared to June of 2020, this is up 15.25%. The median sales price also saw a pretty significant jump in June. Median sales price rose 11.96% to $287,450, when comparing June 2020 to June 2021.

Days on Market

Properties sold in June of 2021 were on market for an average of 7 days. This is down over 79% from June 2020.

Single digit days on market, dear reader, means that there is precious little in the way of inventory for buyers to consider. Of course, how many homes sold at or above list price is also an indicator…

Properties Sold At or Above List Price

June of 2021 saw a 10.53% increase in the number of properties sold, compared to June of 2020, with a total of 42 properties receiving new owners.

A newly tracked statistic for the Studio is the percentage of properties each month that sell at or above list price. This metric is another way to gauge the supply/demand inequity in the Lincoln School district’s market. In June of 2021, 90.48% of the properties sold at or above list price.

When over 90% of all home sales are at or above list price, you can be sure that there is fierce competition among buyers for the limited stock of inventory that is coming to market. This is the highest percentage among the Washtenaw county municipalities that we track.

What to do With This Information?

If you own a place in the Lincoln School district, or are thinking of purchasing in the Lincoln school district, Studio Four8 is here to help you navigate the current market, regardless of the conditions. The current market conditions favor sellers. This is evident by the short days on market, and the percentage of properties selling at and above list price. So, for sellers, this is a great time to be selling. Reach out to a Studio Four8 agent and learn how we maximize the market conditions for your specific home selling scenario.

For purchasers, this is a challenging market, to be sure. Chat with an agent at the Studio and learn how your offer will be considered by a seller, and how we can shorten your time looking for a property.

lincoln real estate market
Lincoln Schools District Real Estate Market Stats Snapshot Shareable Graphic
Contact Us
Studio Four8’s YouTube Channel
Previous Market Update

Posted on

Ann Arbor Michigan Real Estate Market Update | June 2021

Every month Todd Waller dives deep into the previous month’s Ann Arbor Michigan real estate market stats and delivers exciting insights into the status of the Ann Arbor Michigan area real estate market. Subscribe to the Studio Four8 YouTube channel and never miss an update again!

Ann Arbor Michigan Real Estate Market

The 2021 Ann Arbor real estate market continues to be a strong sellers market, with low inventory levels, strong price appreciation, and many over list price sales occurring. These June 2021 stats are compared to the previous year’s June 2020 statistics, which means for the year over year comparisons, numbers of transactions, and days on market can be skewed because there was a hot moment where real estate was effectively brought to a standstill. (Thanks, Covid-19.)

Average Sales Price

The average sales price for a single family property (house or condo) sold in Ann Arbor in the month of June 2021, was $486,439. Compared to June of 2020, this is up 28.26%. The media sales price also saw a pretty significant jump in June. Median sales price rose 26.46% to $411,000, when comparing June 2020 to June 2021.

Days on Market

Properties sold in June of 2021 were on market for an average of 25 days. This is down nearly 42% from June 2020. The continuing decline in the number of days on market speaks to a few things. First is housing supply; we simply do not have enough inventory coming to the market to match the demand for Ann Arbor homes. Second is the potentially prolonged times that homes that closed in June of 2020 endured because of the shut down we experienced.

Properties Sold At or Above List Price

June of 2021 saw a 10.05% increase in the number of properties sold, compared to June of 2020, with a total of 241 properties receiving new owners.

A newly tracked statistic for the Studio is the percentage of properties each month that sell at or above list price. This metric is another way to gauge the supply/demand inequity in the Ann Arbor market. In June of 2021, 72.61% of the properties sold at or above list price; nearly three quarters of the 241 properties that sold.

When nearly three quarters of all home sales are at or above list price, you can be sure that there is fierce competition among buyers for the limited stock of inventory that is coming to market. To be sure, Ann Arbor has seen a higher share of property selling at/above list for quite some time. For example, June of 2014 saw 55.07% of the 227 properties sell for at or above list price.

What to do With This Information?

If you own a place in Ann Arbor, or are thinking of purchasing in Ann Arbor, Studio Four8 is here to help you navigate the current market, regardless of the conditions. The current market conditions favor Ann Arbor sellers. This is evident by the short days on market, and the percentage of properties selling at and above list price. So, for sellers, this is a great time to be selling. Reach out to a Studio Four8 agent and learn how we maximize the market conditions for your specific home selling scenario.

For purchasers, this is a challenging market, to be sure. Given that this is Ann Arbor, though, demand will always run higher than other communities around South East Michigan. Chat with an agent at the Studio and learn how your offer will be considered by a seller, and how we can shorten your time looking for a property.

Ann Arbor Michigan Real Estate Market
Ann Arbor Michigan Real Estate Market Snapshot Shareable Graphic
Contact Us
Studio Four8’s YouTube Channel
Previous Market Update

Proudly powered by WordPress