Ann Arbor Real Estate Report – September 2018

Ann Arbor Homes See an Increase in Both Inventory and Listing PricesHome inventory and prices increasing for Ann Arbor Real Estate

There has been growth in inventory for Ann Arbor homes comparative to last year’s statistics. With listing prices rising, sale prices have too; however, sale prices are still below the asking. This September, 137 listings were entered into the multiple listings service, this is an increase of 15.5% compared to the 110 listings entered last September. The average listing price saw a rise of 8.9%, from $488,176 to $530,567 currently. Unfortunately, only 71 homes were sold in September, which is a 22.8% decline in comparison to the 923 homes sold the previous September. Sale prices have seen an increase of 6.9%, $408,967 versus $437,082 this month. Luckily for home buyers, the average days on the market has lowered slightly to 26 days, from 28 days last September. So far this year, more listings have been entered into the multiple listings services compared to this time last year; but there has been a decline in the amount of sold homes. A total of 1286 homes have been listed for sale thus far, which is an increase of 5.7% compared to the 1217 homes sold at this time last year. There has only been a small rise for the average listing price of homes, from $476,195 to $489,791 which is approximately 3%. Like the increase of ALP, average sale prices have experienced the same growth. The ASP is $441,322 thus far, versus $428,494 last year at this time.

For more information about Ann Arbor homes, contact the real estate specialists with The Bouma Group at (734)761-3060 or email info@bouma.com. Don’t forget to check back here for more about the market!

1107 Edgewood Ave, Ann Arbor, MI 48103

1107 Edgewood Ave, Ann Arbor, MI 481031107 Edgewood Avenue, Ann Arbor, MI Home with Allmendinger Park Views

Just Listed! 1107 Edgewood Ave is a delightful brick 1.5 story home with views of Allmendinger Park! Features:

  • 1,448 square feet + 392 finished in lower level, 3 bedrooms, and 2 full bathrooms
  • Updates like Anderson windows, deck with pergola, furnace & A/C, and kitchen!
  • Wood burning fireplace in spacious living room and two main-level bedrooms
  • Rec room and built-in bar in lower level
  • Steps from the Big House and downtown Ann Arbor
  • More Photos and Features
  • MLS#3260902
  • Listed for $479,900

To request a private showing for 1107 Edgewood Ave or to learn more about this luxurious home, contact the Ann Arbor Real Estate experts with The Bouma Group today at 734-761-3060 or info@bouma.com.

6240 N Territorial Road, Dexter, MI Country Living Home

6240 N Territorial Road, Dexter, MI 48130 

New to Market! 6240 N Territorial is country living at its finest! This 10+ acre retreat in Webster Township has everything you need including:

  • 5,271 square feet + unfinished walkout basement, 6 bedrooms, 3.5 bathrooms
  • 10+ Acres including gardening shed, 4-stall horse barn, paddock, walking/riding trails, stream, and pond!
  • First floor master suite with large spa bath
  • Large family/bonus room above garage
  • Additional Photos and Details 
  • View Virtual Tour 
  • MLS# 3260551
  • Listed at $549,000

To schedule your private showing of 6240 N Territorial Road, please contact the #1 Ann Arbor Real Estate team at The Bouma Group at 734-761-3060 or info@bouma.com.

8250 Granite Court, Dexter, MI Luxurious, custom built home

8250 Granite Court, Dexter, MI 48130

Just Listed! 8250 Granite Court is a luxurious, custom built home on a captivating 3+ acre setting! This one of a kind home features:

  • 6,310 square feet + 4,000 finished in the lower level, 6 bedrooms, and 5 bathrooms
  • Open concept floor plan centered around peaceful wooded surroundings
  • Floor to ceiling windows, Brazilian Cherry hardwood flooring, and two-story ceilings
  • Walkout lower level with second kitchen, home theater, wet bar, and exercise room!
  • More photos and details
  • View virtual tour 
  • MLS# 3260176
  • Presented at $898,000 

To schedule a private showing for 8250 Granite Court, please contact the real estate specialists with The Bouma Group at 734-761-3060 or info@bouma.com.

1640 S Lima Center Road, Chelsea, MI 23 Acre Retreat!

1640 S Lima Center Road, Chelsea, MI 48118

New Listing! 1640 S Lima Center Road is a tranquil, private retreat on 23.5 acres in Lima Township! You MUST see these details in this incredible log cabin in the country:

  • 3,648 square feet + 2,000 finished in lower level, 5 bedrooms, 4 bathrooms
  • 23.5 Acres with horse barn, acres of woods, and trails!
  • Great room featuring wall of windows and soaring vaulted ceiling.
  • Walkout lower level featuring a family room, expansive recreation room, and laundry.
  • More photos and features 
  • View Virtual Tour 
  • MLS# 3260270
  • Offered at $630,000

For more information and details on 1640 S Lima Center Road, please contact the #1 Real Estate Team in Ann Arbor, The Bouma Group, at 734-761-3060 or info@bouma.com.

2494 N Lima Center Road, Dexter Home with Water Views

2494 N Lima Center Road, Dexter, MI 48130

New to Market! 2494 N Lima Center has plenty of privacy and serene water views from this sturdy brick ranch set on 20 acres in Dexter. This home boasts:

  •  1,320 square feet + 660 finished in lower level,  3 bedrooms, and 2.5 bathrooms.
  • Expansive deck overlooking wooded nature area.
  • Detached 2 car garage + 30 x 60 pole barn.
  • Short drive to downtown Chelsea, downtown Dexter, and I94 for easy commuting.
  • More photos and features 
  • View Virtual Tour
  • MLS#3260428
  • Listed for $299,000 

To request a private showing for 2494 N Lima Center Road, please contact the real estate specialists with The Bouma Group today at 734-761-3060 or info@bouma.com.

 

1103 Ferdon, Ann Arbor Home in Burns Park

1103 Ferdon, Ann Arbor, MI 48104

Just Listed!  Charming colonial home in highly sought after Burns Park neighborhood! This charming home contains:

  • 1,760 square feet of living space with 4 bedrooms and 2 bathrooms.
  • Traditional floor plan featuring hardwood flooring, crown molding, and french doors.
  • Major mechanical updates include: Central A/C, French drain system, basement flooring, water heater, exterior paint.
  • Uppermost level with expansive attic space with new oak flooring.
  • More photos and features
  • Virtual tour
  • MLS# 3260630
  • Listed for $549,900

For a showing or to learn more about 1103 Ferdon, contact the Ann Arbor Real Estate specialists with The Bouma Group today at 734-761-3060 or email info@bouma.com.

801 Knollwood Court, Saline Ranch Home

801 Knollwood Court, Saline, MI 48176

Just Listed! 801 Knollwood is a solid, 1960’s brick ranch nestled at the end of a cul-de-sac that is just minutes to downtown Saline! This ranch home offers:

  • 1,248 square feet of living space with 3 bedrooms and 1 bathroom.
  • Hardwood flooring throughout living space and bedrooms.
  • Bright and sunny family room just off the kitchen with walls of windows.
  • Private deck overlooking private, fenced-in backyard.
  • More photos and features
  • Virtual tour 
  • MLS# 3260553
  • Listed for $189,900

For a private showing or more information on 801 Knollwood Court, contact the real estate specialists with The Bouma Group at 734-761-3060 or info@bouma.com today!

Ann Arbor Condo Report Update – August 2018

Listing Prices are Down for Ann Arbor Condos, but Selling Prices Rise

Ann Arbor Condo Update Chart

For the month of August, Ann Arbor condos have seen surprising statistics compared to August 2017. The average listing price is $310,161, which is 4.5% lower than the previous August where the ALP was $324,753. Perhaps this is because there is an increase in the amount of listings entered, from 62 condos to 74 last month, which means 19.4% more available inventory. This is good news for buyers; but luckily for sellers, condos are selling above the ALP too. On average, condos are selling for $323,219, whereas last year the ASP was $264,117, this is a considerable 22.4% increase. Only one more unit sold this August in comparison to the prior August when 61 condos were sold. Fortunately for sellers, the average days on the market is 23, which is a 25.8% decline compared to last August’s average of 31 days. Looking at the year-to-date statistics, there has been an increase in the amount of listings entered, but a decrease in the amount of sales. Continue reading

Ann Arbor Real Estate Report – August 2018

Prices Increase Overall but Homes Still Sell Below Asking PriceAnn Arbor Residential Report Chart

Both listing and selling prices are increased for Ann Arbor homes compared to last August, as well as compared to the year to date statistics. Luckily for buyers, homes are selling below the listing price. Only 1 more new listing was entered this August compared to the previous, totaling an entry of 134 homes. The average listing price this year was $481,072, which is an increase of 11.3% in comparison to the ALP of last August which was $432,104. For the amount of homes that are put on the market, a good portion of them are selling. Like the amount of listings entered, 1 more home sold compared to the prior August where only 128 homes sold. Another positive is that the average days on the market has decreased by 8%, from 24 days to 22 days now. The average sale price for August is $452,386, this is only a 3.2% increase compared to the ASP in August 2017 which was $438,370. Continue reading