Ann Arbor Real Estate Report – September 2019

Decrease in New Inventory and Listing Prices

In the month of September, Ann Arbor homes saw a decline in the average listing price from $530,567 to $472,435, an 11% drop. Compared to last September when 137 homes were entered into the multiple listings service, there has been an considerable 25.5% decrease to having only 102 homes added. Luckily for sellers though, 22.1% more homes have been sold this past month. from 71 sold September 2018 to 88 most recently. The average sale price continued to stay consistent to the previous ASP, only a slight decline to $434,072. Unfortunately for sellers, the average amount of days on the market has greatly increased 65% to 43 days.

Looking ahead to year-to-date statistics, we only see slight variations in the numbers comparatively. There was only a slight decline in the amount of homes listed thus far, 1277 as of now. The average listing price decreased 4.4%, $489,791 versus $511,226. Similar to the previous listings inventory, there has also only been a slight decrease compared to last year’s numbers – with 851 homes being sold thus far. As for the ASP, there has been a 4.1% increase from $441,322 to $459,906.

The Bouma Group is here to help with all of your housing needs, whether you are looking to buy or considering selling, contact the real estate specialists at (734)761-3060 or via email info@bouma.com. Check back here for more updated information on Ann Arbor homes!

5317 Betheny Circle, Superior Township Home in Glennborough Estates

5317 Betheny Circle, Superior Township MI 48198

Just Listed! Stately Glennborough 2-story with over 4700 square feet of living space. Features include:

  • 3787 sq. ft., +1000 in the finished lower level, 4 bedrooms and 4.1 baths.
  • Situated on a 1.65 acre lot in a private, wooded setting.
  • Great room has a soaring vaulted ceilings and a cozy fireplace flanked by large windows.
  • Expansive, vaulted master bedroom suite with a walk-in closet private tiled bath.
  • More photos and features
  • Listed for $850,000

For more information on 5317 Betheny Circle or to set up a private showing, contact The Bouma Group, Realtors today at 734-761-3060 or info@bouma.com. See photos and amenities for Glennborough subdivision here!

111 N. Ashley #1007, Ann Arbor Condo at Ashley Terrace

111 N. Ashley #1007, Ann Arbor MI 48104

Just Listed! Fantastic location in the heart of downtown Ann Arbor for this 2 bedroom penthouse with north and west views. This end unit offers:

  • 1082 square feet with 2 bedrooms and 2 baths.
  • 10′ ceilings, hardwood floors, and upgraded windows that open throughout the unit.
  • Open floor plan highlights the stylish kitchen with a breakfast bar, granite countertops, and stainless appliances.
  • Designated parking spot in the attached, heated garage.
  • More photos and features
  • Listed for $550,000

To request a private showing for 111 N. Ashley #1007 or to learn more about this gorgeous penthouse, contact the Ann Arbor Condo specialists with The Bouma Group today at 734-761-3060 or info@bouma.com. Learn more about Ashley Terrace Condos here!

1301 Henry Street, Ann Arbor Home in Burns Park

1301 Henry Street, Ann Arbor MI 48104

New Listing! Walk to downtown Ann Arbor and the University of Michigan from this recently renovated Dutch colonial in the desirable Burns Park neighborhood. Details include:

  • 1134 sq. ft., +400 in this finished lower level, 2 bedrooms and 1.1 baths.
  • Charming arched doorways, coved ceilings, red oak wood flooring, and a brick fireplace.
  • Kitchen remodeled with new cabinets, granite counters, stainless steel appliances and a tile backsplash.
  • Fenced back yards has a brick paver patio and fire pit for enjoying the chilly fall nights.
  • More photos and details
  • Listed for $395,000

For a private showing for 1301 Henry Street, or more information, contact us at The Bouma Group, Realtors today at 734-761-3060 or info@bouma.com. View photos and market statistics for the Burns Park neighborhood here!


1480 Scio Ridge Court, Ann Arbor Home in The Ravines

1480 Scio Ridge Court, Ann Arbor MI 48103

Just Listed! Wonderful cul-de-sac location for this pristine home in popular The Ravines subdivision. Features include:

  • 2144 sq. ft., +949 in the finished lower level, 4 bedrooms and 3.1 baths.
  • Beautiful Brazilian Cherry wood floors throughout the great room and study.
  • Soaring vaulted great room has a wall of windows with picturesque views and a cozy fireplace.
  • Double doors open to the master bedroom suite with a walk-in closet and private bath.
  • More photos and features
  • Listed for $400,000

To schedule a private showing for 1480 Scio Ridge Court or receive more information, contact the real estate specialists with The Bouma Group today at 734-761-3060 or info@bouma.com. View photos and amenities for The Ravines here!

1630 Weatherstone Drive, Ann Arbor Condo Listing

1630 Weatherstone Drive, Ann Arbor MI 48108

New Listing! First floor end unit in the popular Weatherstone Condo community that is move-in ready! This spacious unit offers:

  • 1376 square feet with 2 bedrooms and 2 full baths.
  • Fresh paint and carpet throughout in a neutral color palette.
  • Living room features a cozy, gas fireplace and french doors that open to the study.
  • Master bedroom suite has a walk-in closet and private bath.
  • More photos and features
  • Listed for $185,000

For more information or to schedule a private showing for 1630 Weatherstone Drive, contact the Ann Arbor Condo specialists with The Bouma Group at 734-761-3060 or info@bouma.com. View photos and amenities for Weatherstone Condos here!

8819 Dexter Gables Lane, Dexter MI Home

8819 Dexter Gables Lane, Dexter MI 48130

Just Listed! Situated on a lush 1 acre lot in the Dexter Gables subdivision, this spacious home is just minutes from quaint downtown Dexter. Features include:

  • 2624 sq. ft., +200 finished in the lower level, 4 bedrooms and 2.1 baths.
  • Soaring vaulted great room has a floor-to-ceiling brick fireplace flanked by large windows and hardwood floors.
  • Desirable first floor master bedroom suite is also vaulted and offers dual closets and a private bath with a dual sink vanity and spa tub.
  • 3 car garage with extra storage space.
  • More photos and features
  • Listed for $449,900

To schedule your private showing for 8819 Dexter Gables Lane or to learn more about this Dexter home, contact the real estate specialists with The Bouma Group at 734-761-3060 or info@bouma.com today!

The Pros and Cons of a Buyer’s Letter: Standing Out in a Busy Market

Imagine, after weeks of searching, that you’ve finally found your dream home. It’s in the perfect location with the right features and exactly the amount of space you need. But after requesting more information, your agent informs you that there are already several offers made on the house. How do you stand out in a busy market and snag your dream home?

When buyers are looking to make a lasting impression on sellers, they often opt to submit a letter to the seller. In fact, a recent study found that buyers who submitted letters were 9% more likely to have their offer accepted.

A Buyer’s Letter can work both with you and against you, so it’s important to understand what they are and when you should use one. Continue reading →

3320 Breckland Court, Ann Arbor Condo at Oak Meadows

3320 Breckland Court, Ann Arbor MI 48108

Just Listed! Light-filled condo with many updates throughout and views of the pond in Oak Meadows. This unit offers:

  • 1364 sq. ft., +500 in the finished lower level, 2 bedrooms and 3.1 baths.
  • Living room has a cozy fireplace, wood flooring, and flows into the dining area that opens to the deck.
  • Kitchen updated with on-trend gray cabinets, subway tile, and stainless appliances.
  • Both upper level bedrooms have vaulted ceilings and private baths.
  • Walk-out lower level is finished with a family room with a second fireplace, wet bar, and full bath.
  • More photos and details
  • Listed for $260,000

To learn more about 3320 Breckland Court, contact us at The Bouma Group, Realtors at 734-761-3060 or info@bouma.com today! See photos and details for Oak Meadows Condos here!

2726 Maitland Drive, Ann Arbor Condo at Ashford Place

2726 Maitland Drive, Ann Arbor MI 48105

Just Listed! Beautifully renovated end-unit condo at the desirable Ashford Place community. Features include:

  • 2313 sq. ft., +900 in finished lower level, 3 bedrooms and 3.1 baths.
  • Newer kitchen has shaker style cabinets, upgraded stainless appliances, granite counters, and wood flooring that extends into the living room with fireplace.
  • Vaulted master bedroom suite offers a walk-in closet and private bath with dual vanities.
  • Finished walk-out lower level provides a large family room with wet bar, workout space and full bath.
  • More photos and features
  • Listed for $499,900

For more information on 2726 Maitland Drive, or to request a private showing, contact us, the Ann Arbor Condo specialists with The Bouma Group today at 734-761-3060 or info@bouma.com. View amenities and photos for Ashford Place condo complex here!