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 |
