Ann Arbor Condo Market Update – January 2015

Sale Up, Inventory Down for Ann Arbor Condos

Ann Arbor Condo Statistics for January 2015
The new year started off strong for Ann Arbor Condo sales, but a lack of listing inventory continues to be an issue. At the end of January, there were 135 units listed for sale compared with 150 at that time last year, keeping Ann Arbor in a seller’s market with a 2.4 months supply of available condos. In fact, all price ranges currently fall into a seller’s market.

Just last week here at The Bouma Group, we listed a condo at Heatherwood and within 2 days of it being on the market, we received 3 offers! This just shows that there are buyers ready to purchase immediately. If you’ve been considering selling your unit, don’t hesitate, the market needs inventory now. Give us a call at 734-761-3060 or info@bouma.com and get listed today with Ann Arbor’s Premier Real Estate team!

Report: US Home Prices On the Rise

Home Buying 5The National Association of Realtors recently announced the latest US real estate figures and the numbers are encouraging for anyone considering selling their home.

Evidently, home price growth accelerated in much of the country during the fourth quarter of 2014.

This is a fantastic development for anyone hoping to get a good price on their home for sale. Continue reading to learn more.

What You Should Know About US Home Sales

Here is an overview of the highlights of the most recent real estate market report:

  • The median price of an existing single-family home increased year-over-year in 86 percent of 175 metropolitan areas.
  • 24 areas had price gains of 10 percent or more.
  • That figure is up from 16 regions during the third quarter.
  • Meanwhile, prices declined in 24 areas.
  • Experts credit the home price acceleration at least in part to low mortgage rates and improving employment conditions.
  • Still, home price gains are reducing affordability in areas across the country, which had 25 percent growth on average over the last three years.
  • At the end of the fourth quarter, there were 1.85 million previously-owned homes listed for sale, down from 2.01 million a year earlier.
  • The number of markets that saw year-over-year price gains in the fourth quarter has increased.
  • The median price for an existing single-family home in the three months through December was $208,700, which is up 6 percent from the fourth quarter of 2013.

Continue reading

Ann Arbor Real Estate Market Update – January 2015

It’s a New Year for Ann Arbor Real Estate

Ann Arbor Real Estate Statistics for January 2015The new year is off to a strong start for Ann Arbor Real Estate, especially if you’re a seller! The number of homes with contracts pending is up over December, so despite the cold weather buyer activity is increasing. Overall, Ann Arbor is in a seller’s market with a 3.3 month supply of homes available. Inventory continues to be tight for the market under $800,000.

The lack of inventory combined with interest rates still at low levels, make this the best time to get your home listed for sale! Don’t wait for the spring market to get here, buyers are out there now and are scooping up great houses in record time. Call us today at The Bouma Group for a market analysis of your home – it’s quite possibly worth a lot more than you think! 734-761-3060 or info@bouma.com.

7089 Warner Road, Saline MI Home for Sale

7089 Warner Road, Saline MI 481767089 Warner Road, Saline MI 48176 Home for Sale with Acreage

Just Listed! Spacious family home situated on over 3 acres in a beautiful, country setting. Details include:

  • 2887 square feet with an additional 1000 in the finished, walk-out lower level, 4 bedrooms, 3.1 baths, and a study.
  • Vaulted formal living room is open to the formal dining room – great for entertaining.
  • Gleaming hardwood floors throughout the foyer, kitchen, eating space, and study.
  • Lower level offers a second kitchen, large recreation room, and full bath.
  • Huge 60 x 50 pole barn
  • More photos & details
  • Virtual tour
  • MLS# 3228681
  • Listed for $469,900

To learn more about 7089 Warner Rd. or to set up a private showing, contact us at The Bouma Group today at 734-761-3060 or email info@bouma.com. Looking for homes in the Saline area? Search for Saline Real Estate listings here!

3140 Andora Drive – Luxury Ann Arbor Home at Glennborough

3140 Andora Drive, Superior Township MI 481983140 Andora Drive, Superior Township Luxury Home at Glennborough

Just Listed! One of the most grand homes in the esteemed Glennborough neighborhood, located in northeast Ann Arbor. This sprawling ranch on 3.5 acres features:

  • 4413 square feet, plus 1800 in finished walk-out lower level, 4 bedrooms, study, and 4 full baths.
  • Entertainer’s dream with deluxe kitchen, seating at multiple islands, and adjoining sitting and dining areas.
  • Unbelievable master suite offers amazing closets, lavish bathroom, attached room for exercise or nursery, and a private passage to the library.
  • Total of 9 car spots in attached and detached garages – perfect for the car enthusiast.
  • More photos and features
  • Virtual tour
  • MLS# 3228614
  • Offered at $1,200,000

There is so much more to this spectacular, luxury home at 3140 Andora Drive! To request a private showing or more information, contact us, Ann Arbor’s Premier Realtors with The Bouma Group at 734-761-3060 or info@bouma.com today!

 

1878 Cypress Pointe Ct., Ann Arbor Home at Stonebridge

1878 Cypress Pointe Ct., Ann Arbor MI 481081878 Cypress Pointe, Ann Arbor MI Home at Stonebridge

New Listing! The Bouma Group just listed this absolutely stunning contemporary with clean lines and unique angles. Located in the distinguished Stonebridge Estates Golf Community, details include:

  • 3750 square feet, plus 1550 in the finished lower level, 4 bedrooms, a bonus room, and 5 full baths.
  • Wide plank maple flooring throughout most of the first level.
  • Living room offers a soaring ceiling, a wall of windows, and shares a double-sided fireplace with the dining room.
  • Gourmet kitchen and luxurious master bedroom suite.
  • More photos and details
  • Virtual tour
  • MLS# 3228280
  • Listed for $775,000

For your personal showing or to learn more about 1878 Cypress Pointe Ct., contact us, Ann Arbor’s luxury home specialists at 734-761-3060 or email info@bouma.com.

10252 Normonie Court, Saline Real Estate Listing

10252 Normonie Ct., Saline MI 4817610252 Normonie Court, Saline MI 48176 Real Estate Listing

New Listing! Situated on over an acre of land in a small country subdivision, this contemporary home offers:

  • 2600 square feet, plus 1700 in the finished lower level, 4 bedrooms and 2.1 baths.
  • Soaring vaulted living room adjoins the dining room – great for entertaining.
  • Spacious kitchen with hardwood floors has a built-in desk, center island, tons of cabinets, an eating space, wood burning stove, and access to the large deck.
  • More photos and features
  • Virtual tour
  • MLS# 3228471
  • Listed for $419,900

For a private showing or 10252 Normonie Court, or to receive additional information on this Saline home, contact the real estate specialists with The Bouma Group today at 734-761-3060 or email info@bouma.com. View more of our featured listings here!

5408 Golden Oak Lane, Ann Arbor Condo at Parkwood

5408 Golden Oak Lane, Ann Arbor MI 481035408 Golden Oak Lane, Ann Arbor Condo at Parkwood

New Listing! Upscale condo living in this luxurious ranch on Ann Arbor’s west side at Parkwood. Features include:

  • 1742 square feet, plus 1000 in finished lower level, 3 bedrooms, 2.1 baths.
  • Chic kitchen with quartz counters, sleek cabinets, stainless appliances, and Amtico floors.
  • Private deck overlooks a beautiful wooded area.
  • 2 car, attached garage.
  • More photos and features
  • MLS# 3228027
  • Listed for $324,900

To learn more about the features available at 5408 Golden Oak or to schedule a private showing, contact us at The Bouma Group at 734-761-3060 or info@bouma.com. We’ve been the Ann Arbor Condo specialists for more than 15 years and know this market better than anyone!

1113 Ferdon, Ann Arbor Home in Burns Park

1113 Ferdon, Ann Arbor MI 481041113 Ferdon, Ann Arbor MI Home for Sale in the Burns Park Neighborhood

Just Listed! Stately traditional style home located just two blocks from Burns Park Elementary. Features include:

  • 2312 square feet, plus 580 in the finished lower level, 4 bedrooms and 4.1 baths.
  • Beautiful woodwork, trim, hardwood floors, built-ins, and french & wood doors throughout.
  • Finished third level has an additional bedroom/playroom/study and a full bath.
  • More photos and features
  • Virtual tour
  • MLS# 3228423
  • Listed for $639,900

To request a private showing or more information for our listing at 1113 Ferdon, contact the Ann Arbor real estate specialists with The Bouma Group today at 734-761-3060 or email info@bouma.com. Learn more about the Burns Park Neighborhood here!