Property Values Holding Strong

Residents have continued to ask about how the dioxin/furan situation has affected property values. In response to theses questions, we are sharing information that was collected by a third-party appraisal firm using publicly available data. This information was included in the legal brief filed by Dow as part of the ongoing litigation.

The table below focused on one part of the Tittabawassee River area and shows that 52 single family homes and condos that were sold between February 2002 and December 2003 in that area alone. The data show:

• The average property sold at 96% of the list price
  
• 66% of properties sold at 95 percent of the list price or higher
  
• 15 of the properties sold at or above the list price
  

As the table shows, properties were located in James, Saginaw and Thomas townships, and also in the city of Saginaw.

	ADDRESS	CITY / TWP	CLOSE DATE	LIST PRICE	SALE PRICE	SALE TO LIST RATIO
1	S River	Thomas Township	2/14/2002	$89,900	$89,900	1.000
2	Five Oaks	Saginaw Township	2/28/2002	$159,000	$157,000	0.987
3	W Michigan	Saginaw Township	3/28/2002	$64,900	$64,900	1.000
4	Stroebel	James Township	4/1/2002	$82,500	$80,000	0.970
5	Western Dr.	Saginaw Township	4/29/2002	$53,900	$52,900	0.981
6	W Michigan	Saginaw Township	5/31/2002	$66,500	$64,000	0.962
7	W Michigan	Saginaw Township	6/19/2002	$74,900	$74,900	1.000
8	Western Dr.	Saginaw Township	6/21/2002	$39,900	$36,000	0.902
9	Stroebel	Thomas Township	7/15/2002	$79,900	$75,000	0.939
10	S River	Thomas Township	7/22/2002	$89,000	$92,500	1.039
11	S River	Thomas Township	8/22/2002	$57,900	51,900	0.896
12	Western Dr.	Saginaw Township	8/29/2002	$51,900	$49,900	0.961
13	W Michigan	Saginaw Township	8/30/2002	$54,900	$53,000	0.965
14	River Forest	Saginaw Township	9/13/2002	$204,500	$198,500	0.971
15	Adams	Thomas Township	9/13/2002	$87,500	$84,000	0.960
16	W Michigan	Saginaw Township	9/18/2002	$62,900	$60,000	0.954
17	Five Oaks	Saginaw Township	9/20/2002	$195,000	$191,500	0.982
18	S River	James Township	10/17/2002	$82,000	$85,000	1.037
19	W Michigan	Saginaw Township	10/25/2002	$46,500	$42,000	0.903
20	W Michigan	Saginaw Township	10/25/2002	$66,900	$60,000	0.897
21	Day	Thomas Township	11/5/2002	$89,900	$98,650	1.097
22	Five Oaks	Saginaw Township	11/19/2002	$149,900	$140,000	0.934
23	S River	Thomas Township	11/21/2002	$65,000	$65,700	1.011
24	Western Dr.	Saginaw Township	11/22/2002	$56,900	$54,000	0.949
25	Dutch	Thomas Township	11/29/2002	$89,900	$75,000	0.834
26	W Michigan	Saginaw Township	1/3/2003	$44,900	$44,900	1.000
27	S River	James Township	1/29/2003	$93,900	$83,900	0.894
28	Western Dr.	Saginaw Township	1/30/2003	$62,500	$55,000	0.880
29	S River	Thomas Township	3/26/2003	$159,900	$159,900	1.000
30	W Michigan	Saginaw Township	4/2/2003	$65,900	$63,500	0.964
31	W Michigan	Saginaw Township	4/4/2003	$58,900	$56,900	0.966
32	W Michigan	Saginaw Township	4/15/2003	$49,900	$44,500	0.892
33	Dutch	James Township	4/23/2003	$79,900	$81,620	1.022
34	Five Oaks	Saginaw Township	4/30/2003	$169,900	$162,000	0.954
35	Dutch	Thomas Township	5/5/2003	$124,900	$115,000	0.921
36	Lutzke	Thomas Township	5/23/2003	$94,900	$92,300	0.973
37	S River	Thomas Township	6/26/2003	$89,900	$89,900	1.000
38	Ginger Lane	Thomas Township	7/15/2003	$116,900	$112,000	0.958
39	Adams	Thomas Township	7/23/2003	$47,900	$43,000	0.898
40	W Michigan	Saginaw Township	8/5/2003	$45,000	$42,000	0.933
41	Western Dr.	Saginaw Township	8/6/2003	$56,900	$59,176	1.040
42	Adams Rd.	Thomas Township	8/15/2003	$77,900	$83,000	1.065
43	S River	Thomas Township	8/20/2003	$139,900	$130,000	0.929
44	S River	Thomas Township	8/27/2003	$78,900	$86,900	1.101
45	Western Dr.	Saginaw Township	9/22/2003	$59,900	$58,500	0.977
46	Dutch	James Township	9/30/2003	$104,900	$93,000	0.887
47	Dutch	James Township	10/9/2003	$142,050	$137,500	0.968
48	Western Dr.	Saginaw Township	10/14/2003	$62,500	$60,000	0.960
49	Adams	Saginaw	10/28/2003	$44,000	$46,900	1.066
50	Western Dr.	Saginaw	11/21/2003	$56,900	$53,000	0.931
51	River Forest	Saginaw	12/8/2003	$179,900	$176,500	0.981
52	Western Dr.	Saginaw Township	12/12/2003	$62,500	$56,000	0.896