2017 Year End Review for Washtenaw County Real Estate

Washtenaw County Real Estate Report for 2017Washtenaw County Annual Real Estate Report for 2017

2017 was another very competitive year for the real estate market in Washtenaw County.  Continued strong employment growth which creates demand, along with historically low interest rates and a shrinking inventory has fueled an increase in average sales price for the 8th year in a row.  Average sales prices in Washtenaw County bottomed out in 2009 at $182,287 and since then have increased in value by 66% to $303,087.   Meanwhile, the average sales price for a home in Ann Arbor increased to $422,667, a 7.8 % increase over last year.

In spite of the low inventory, we have begun to see some mixed signals.  While active listings remain in short supply, we are seeing a decrease in the pace of sales, a reluctance by buyers to enter into multiple offer situations, a lack of over list price offers, buyer’s remorse after an offer is bottom-lined, and buyers negotiating very hard after the building inspection.  Because buyers are paying top dollar, they become very intolerant of any problems that may arise during the building inspection.  The market also remains susceptible to wider changes in the economic landscape, with slowly increasing interest rates, new construction coming to the market, key tax plan changes, and the anxiety that comes from 8 years of strong price increases and buying at the top of the market. Continue reading

Walden Hills, Ann Arbor Condominium Report for 2017

Walden Hills Year End Condo Report – 2017Walden Hills Condos, Ann Arbor, MI

In 2017, Walden Hills sold a total of 18 condos. The sales decreased by 7 condos compared to the previous year. Offers that were both above and below the listing price were accepted which shows negotiations between buyers and sellers.

Sold Condos:

  • $163,000. 2152 Pauline Blvd. #307, Ann Arbor. 1173 square feet with 2 bedrooms and 2.0 baths.
  • $150,000. 124 Maple Rd. #107, Ann Arbor. 1173 square feet with 2 bedrooms and 2.0 baths.
  • $146,000. 2150 Pauline Blvd. #301, Ann Arbor. 1173 square feet with 2 bedrooms and 2.0 baths.
  • $140,000. 2150 Pauline Blvd. #203, Ann Arbor. 1173 square feet with 2 bedrooms and 2.0 baths.
  • $138,000. 2142 Pauline Blvd. #301, Ann Arbor. 1173 square feet with 2 bedrooms and 2.0 baths.
  • $124,500. 2120 Pauline Blvd. #205, Ann Arbor. 929 square feet with 2 bedrooms and 1.0 baths.
  • $121,000. 2104 Pauline Blvd. #107, Ann Arbor. 1173 square feet with 2 bedrooms and 2.0 baths.
  • $112,000. 2142 Pauline Blvd. #204, Ann Arbor. 927 square feet with 1 bedroom and 1.0 baths.

For a complete list of Sold Condos at Walden Hills in 2017, contact us at (734)761-3060

Currently, the average sale price of condos at Walden Hills is $121,452, which is a large increase of 27.5% compared to the ASP in 2016. The average price per square foot for the 18 condos sold in 2017 is $116.00, which is an increase of 17% in comparison to the A$/SF of $99.00 in 2016. For more details and information about Walden Hills, contact the condo specialists with The Bouma Group at (734)761-3060 or email info@bouma.com. View the previous market report for Walden Hills here!

Traver Lakes, Ann Arbor Condominium Report for 2017

Traver Lakes Year End Condo Report – 2017Traver Lakes Condos, Ann Arbor, MI

In 2017, Traver Lakes sold a total of 5 condos; 1 of which The Bouma Group was involved with. The sales increased by 3 condos compared to 2016. Offers that were both above and below listing price were accepted, which shows negotiation between buyers and sellers.

Sold Condos:

  • $277,000. 2535 Meade Ct., Ann Arbor. 1420 sq. ft., + 600 in finished lower level, 3 bedrooms and 2.1 baths. Sold by The Bouma Group
  • $272,000. 2527 Meade Ct., Ann Arbor. 1496 sq. ft., + 350 in finished lower level, 3 bedrooms and 2.1 baths.
  • $249,000. 2605 Meade, Ann Arbor. 1500 square feet with 3 bedrooms and 2.2 baths.
  • $230, 564. 2640 Traver Blvd., Ann Arbor. 1500 sq. ft., + 712 in finished lower level, 3 bedrooms and 2.2 baths.
  • $200,000. 2607 Meade Ct., Ann Arbor. 1420 sq. ft., + 500 in finished lower level, 3 bedrooms and 2.1 baths.

Currently, the average sale price of condos at Traver Lake is $245,713, which is increase of 11% compared to the ASP in 2016. The average price per square foot for the 5 condos sold in 2017 is $167.00, which is an increase of 10.5% in comparison to the A$/SF of $151.00 in 2016. For more details and information about Traver Lake, contact the condo specialists with The Bouma Group at (734)761-3060 or email info@bouma.com. View the previous market report for Traver Lake here!

Valley Ranch, Ann Arbor Condominium Report for 2017

Valley Ranch Year End Condo Report – 2017Valley Ranch Condos, Ann Arbor, MI

In 2017, Valley Ranch sold a total of 2 condos; 1 of which The Bouma Group was involved with. The sales increased by 1 condo compared to 2016. Both offers were below the listing price and were accepted, making the process of purchasing easier for buyers.

Sold Condos:

  • $360,000. 3779 Bridle Pass, Ann Arbor. 1669 sq. ft., + 1056 in finished lower level, 3 bedrooms and 3.0 baths.
  • $319,250. 3742 Bridle Pass Ct., Ann Arbor. 1669 square feet with 2 bedrooms and 2.0 baths. Listed by The Bouma Group.

Currently, the average sale price of condos at Valley Ranch is $339,625, which is a decrease of 14.5% compared to the ASP in 2016. The average price per square foot for the 2 condos sold in 2017 is $203.00, which is a decrease of 4.5%. in comparison to the A$/SF of $213.00 in the previous year. The 1 condo sold in 2016, had an additional 200 square feet compared to the average of the 2 condos sold in 2017. For more details and information about Valley Ranch, contact the condo specialists with The Bouma Group at (734)761-3060 or email info@bouma.com. View the previous market report for Valley Ranch here!

Tower Plaza, Ann Arbor Condominium Report for 2017

Tower Plaza Year End Condo Report – 2017Tower Plaza Condo, Ann Arbor, MI

In 2017, Tower Plaza sold a total of 31 condos; 1 of which The Bouma Group was involved with. The amount of sales stayed consistent with 31 condos selling last year as well. Offers below the listing price were generally accepted, making the process of purchasing easier for the buyers.

Sold Condos:

  • $350,000. 555 E. Williams St. #24J, Ann Arbor. 1027 square feet with 2 bedrooms and 2.0 baths.
  • $245,000. 555 E. Williams St. #20J, Ann Arbor. 596 square feet with 1 bedroom and 1.0 baths.
  • $240,000. 555 E. Williams St. #20i, Ann Arbor. 596 square feet with 1 bedroom and 1.0 baths.
  • $203,500. 555 E. Williams St. #13c, Ann Arbor. 596 square feet with 1 bedroom and 1.0 baths.
  • $200,000. 555 E. Williams St. #10D, Ann Arbor. 596 square feet with 1 bedroom and 1.0 baths.
  • $197,000. 555 E. Williams St. #17i, Ann Arbor. 596 square feet with 1 bedroom and 1.0 baths.
  • $197,000. 555 E. Williams St. #13l, Ann Arbor. 596 square feet with 1 bedroom and 1.0 baths.
  • $127,900. 555 E. Williams St. #3K, Ann Arbor. 390 square feet with open concept living and 1.0 baths. Sold by The Bouma Group

For a complete list of Sold Condos at Tower Plaza, Ann Arbor in 2017, contact us at (734)761-3060

Currently, the average listing price of condos at Tower Plaza is $187,917, which is an increase of 7.5% compared to the average sale price last year in 2017. The average price per square for the 31 condos sold in 2017 is $358.00, which is a great increase of 14% in comparison to the A$/SF of $314.00 in 2016. For more details and information about Tower Plaza, contact the condo specialists with The Bouma Group at (734)761-3060 or email info@bouma.com. Learn more about Tower Plaza here!

Jumpstart the New Year: 3 Goals for Your Home

A 30-day calendar with the number 18 circled in red marker.We’re at the end of January, but it’s not too late to develop goals for your home in 2018.

Now is the perfect time to jump right in and start fresh in your current home! Need ideas? Here are a few real estate goals that you can achieve this year.

Fix Those Pesky Maintenance Issues

Maybe it’s a leaky faucet. Maybe it’s a drafty window. Maybe it’s a clogged shower drain. You can probably think of one or two issues off the top of your head that you haven’t gotten around to addressing yet. The New Year is the perfect time to get those problems fixed. Continue reading

Turnberry Village, Ann Arbor Condominium Report for 2017

Turnberry Village Year End Condo Report – 2017Turnberry Village Condos, Ann Arbor, MI

In 2017, Turnberry Village sold a total of 10 condos; 2 of which The Bouma Group was involved with. The sales increased by 1 condo compared to the previous year. On average, the sale price exceeded the listing price allowing home owners to make profit.

Sold Condos:

  • $190,000. 3151 S. Village Cir., Ann Arbor. 1121 sq. ft., + 528 in finished lower level, 2 bedrooms and 2.1 baths.
  • $182,500. 3084 Village Cir., Ann Arbor. 1121 sq. ft., + 500 in finished lower level, 2 bedrooms and 1.1 baths. Listed by The Bouma Group
  • $175,000. 3121 E. Village Cir., Ann Arbor. 1121 sq. ft., + 528 in finished lower level, 2 bedrooms and 1.1 baths.
  • $175,000. 3091 Village Cir., Ann Arbor. 1121 square feet with 2 bedrooms and 1.1 baths.
  • $170,000. 3066 N. Village Cir., Ann Arbor. 1121 square feet with 2 bedrooms and 1.1 baths.
  • $169,000. 3071 Ailsa Craig Dr., Ann Arbor. 1003 square feet with 2 bedrooms and 1.1 baths. Listed by The Bouma Group
  • $167,700. 3061 N. Village Cir., Ann Arbor. 1121 square feet with 2 bedrooms and 1.1 baths.
  • $166,000. 3087 Village Cir., Ann Arbor. 1121 square feet with 2 bedrooms and 1.1 baths.

For a complete list of  Sold Condos at Turnberry Village, Ann Arbor, contact us at (734)761-3060

Currently, the average sale price of condos at Turnberry Village is $172,435, which is a large increase of 19.5% compared to the ASP in 2016. The average price per square foot for the 10 condos sold in 2017 is $156.00, which is also a large increase of 18% in comparison to the A$/SF of $132.00 in 2016. For more details and information about Turnberry Village, contact the condo specialists with The Bouma Group at (734)761-3060 or email info@bouma.com. View the previous market report for Turnberry Village here!

9432 Hartel St., Livonia home in Pearl Wilson Subdivision

9432 Hartel St., Livonia, MI9432 Hartel St.

JUST LISTED! This updated ranch home is close to everything, making it a commuter’s dream! The charming home at 9432 Hartel St. offers:

  • 1,058 sq ft on the main level, with an additional 640 sq ft finished in the lower level, 3 bedrooms and 1 full bathroom.
  • The coved ceilings and beautiful trim are reminiscent of a time passed, yet the home boasts the conveniences of today.
  • The kitchen has some newer stainless appliances, ample storage and a pass through window with a bar height counter, into the dining area.
  • There are 3 light-filled bedrooms that share the renovated, main floor bathroom.
  • The newer, sleek wood flooring and paint throughout is fresh and modern.
  • Over-sized 2 car detached garage is out back in the manageable sized and fenced in yard.
  • More photos and features.
  • Listed for $174,900
  • MLS #3253942

Contact The Bouma Group, Realtors today to schedule your private showing of 9432 Hartel St. call 734-761-3060 or email info@bouma.com

5478 Parkgrove Rd., Ann Arbor Condo in Parkwood Condominium

5478 Parkgrove Rd., Ann Arbor, MI5478 Parkgrove Rd.

New Listing! Welcome home to this wonderfully decorated and tastefully updated condo, located at 5478 Parkgrove Rd. This 2 story condo includes:

  • 1,860 sq ft with 2 bedrooms and 2 full and 1 half bathrooms.
  • In the living room you will find 2 story ceilings and stacked stone fireplace, that is open to the dining space. The open floor plan offers a great flow for entertaining your guests.
  • A very large kitchen with stainless steel appliances and granite countertops, as well as a large island, a breakfast nook, and a pass-through window into the dining room.
  • Upstairs are two large and bright bedrooms, each with their own full bathroom and plenty of closet space.
  • There is also a loft/flex space upstairs that would be ideal for an office, craft room or playroom.
  • This unit features a 2 car attached garage, as well as a private front door entrance.
  • More photos and features
  • Virtual Tour
  • Listed for $329,900
  • MLS #3253949

Contact The Bouma Group, Realtors at 734-761-3060 or email info@bouma.com to schedule your private showing today for 5478 Parkgrove Rd.

View photos and amenities for Parkwood Condominiums.

8251 CJ Landing, Pinckney home on Little Portage Lake

8251 CJ Landing, Pinckney, MI8251 CJ Landing

New Listing! This custom built home is a lake lover’s dream! With amazing views of and access to Little Portage Lake, part of Portage Chain of Lakes 8251 CJ Landing offers:

  • 2,398 sq ft finished above ground and an additional 640 sq ft in the lower level, with 4 bedrooms and 2 and a half bathrooms.
  • Open concept main living area boasts gas fireplace and tons of windows to look out on to the lake.
  • The kitchen has a very functional layout as well as an island for quick meals.
  • The master suite is located on the main level of the home and has it’s own private bath, which includes a soaking tub and a separate shower as well as dual sinks.
  • Upstairs you will find an additional bathroom as well as 3 more bedrooms, and plenty of space to add even more bedrooms, should you desire!
  • The lower level is partially finished with a recreation space as well as is plumbed for a bathroom.
  • More photos and features.
  • MLS #3253297
  • Listed for $599,900

Contact The Bouma Group, Realtors today to schedule your private showing of 8251 CJ Landing, 734-761-3060 or email info@bouma.com

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