Ann Arbor Real Estate Report – June 2018

Low Inventory Encourages Prices to Climb

Ann Arbor Residential Real Estate Report for June

Although only slightly less, Ann Arbor homes saw a decrease in both listings and sales entered this June compared to the previous. The amount of new listings entered only differed by 1.5%, from 194 homes to 197 homes last June. Listing prices saw an increase of 5.9% though, with the average LP being $449,417 in 2017 and $475,710 currently. Properties sold in June declined by 4.3%, 139 versus 133 sold homes. However, the average sale price rose by 3.4% from $434,142 last June to $449,116 this year. Houses are being sold faster, with the average amount of days on the market being 18; this is great for sellers. So far this year, there is a 3.8% increase in homes listed from 840 in the year prior to 872 now. With the small increase of homes added to the market, prices have done the same, $477,729 versus 488,286; an increase of 2.2%. The amount of properties sold to date has decreased 3.3% from 540 to 522 sold homes. There has been minimal discrepancy between the average sale price so far this year compared to the previous year, $435,573 versus $437,914 currently. Overall, it is a seller’s market for Ann Arbor residential homes; especially for homes priced under $600k. Higher end homes, in the $600k to $1m range, are considered to be a part of a balanced market. As per usual, luxury homes that are over $1m are a buyer’s market. Continue reading →

Bridgefield Estates, Ann Arbor Real Estate Update

Bridgefield Estates, Ann Arbor Real Estate Report – June 2018

Bridgefield Estates is a cozy Ann Arbor neighborhood because of the limited number of homes. The subdivision is surrounded by nature with many homes backing to wetlands or woods. Further, the homes include many desirable features and authentic layouts that were customized with the local building company. There are currently no homes listed for sale and so far this year, 2 have sold.Bridgefield Estates, Ann Arbor MI

Sold Homes:

  • $321,000. 3151 Bridgefield Dr., Ann Arbor. 1638 sq. ft., + 700 in finished lower level. 3 bedrooms and 3.1 baths.
  • $308,000. 5232 Falling Leaf Dr., Ann Arbor. 1709 sq. ft., + 750 in finished lower level, 3 bedrooms and 3.1 baths.

Last year at Bridgefield Estates, 2 homes sold with an average sale price of $324,250 and an average price per square foot of $133.00. The 2 homes sold this year have an ASP of $314,500, down 3%, and an A$/SF of $188.00, up a significant 41%. In comparison, the homes sold in 2017 had 750+ more square feet than the homes sold this year. To learn more about home values at Bridgefield Estates, contact the real estate specialists with The Bouma Group at (734)761-3060 or email info@bouma.com. View more Ann Arbor neighborhoods here!

Arbor Woods Neighborhood, Ann Arbor Real Estate Report

Arbor Woods Real Estate Report – June 2018

Arbor Woods is a great Ann Arbor subdivision with a variety of options for floor plans. Along with its convenient location, the neighborhood offers a beautiful setting of 40+ acres of natural areas. There is currently 1 home listed for sale and so far this year, 1 has sold.Arbor Woods Subdivision, Ann Arbor MI

Homes for Sale:

  • $275,000. 4399 Knollcrest Dr., Ann Arbor. 1611 square feet with 4 bedrooms and 2.1 baths. Sale Pending

Sold Homes:

  • $352,000. 4681 Blossom Hill Tr., Ann Arbor. 2320 sq. ft., + 100 in finished lower level, 4 bedrooms and 3.1 baths.

Last year at Arbor Woods, only 1 home sold with a sale price of $283,000, and a price per square foot of $149.00. The 1 home sold this year has a sale price of $352,000, up 24% and an A$/SF of $151.72, up slightly. To compare, the home sold in 2017 had 425 square feet less than the home sold this year. To learn more about home values at Arbor Woods, contact the real estate specialists with The Bouma Group at (734)761-3060 or email info@bouma.com. View more Ann Arbor neighborhoods here!

Brookview Highlands, Saline Real Estate Update

Brookview Highlands, Saline Real Estate Report – June 2018

Brookview Highlands is an easily accessible Saline neighborhood with beautiful homes located on large lots. There are currently 4 homes listed for sale and so far this year, 3 have sold.Brookview Highlands, Saline MI

Homes for Sale:

  • $729,000. 1754 Stonebridge Dr., Saline. 4563 sq. ft., + 3300 in finished lower level, 5 bedrooms and 4.2 baths. Sale Pending
  • $699,000. 1746 Fairview Ct., Saline. 3909 sq. ft., + 1465 in finished lower level, 5 bedrooms and 4.0 baths.
  • $649,900. 1795 Brookview Dr., Saline. 3818 sq. ft., + 1000 in finished lower level, 5 bedrooms and 4.1 baths.
  • $499,900. 2290 Windmill Way, Saline. 3018 square feet with 4 bedrooms and 3.1 baths.

Sold Homes:

  • $992,090. 1927 Brookview Dr., Saline. 4646 sq. ft., + 1700 in finished lower level, 5 bedrooms and 4.1 baths.
  • $645,000. 6365 Brookview Dr., Saline. 3438 square feet with 4 bedrooms and 3.1 baths.
  • $525,000. 300 Crestway Ct., Saline. 3092 sq. ft., + 1400 in finished lower level, 4 bedrooms and 3.0 baths.

Last year at Brookview Highlands, 8 homes sold with an average sale price of $622,050 and an average price per square foot of $185.00. The 3 homes sold this year have an ASP of $720,697, up 15.9%, and an A$/SF of $190.00, up 2.7%. To learn more about home values at Brookview Highlands, contact the real estate specialists with The Bouma Group at (734)761-3060 or email info@bouma.com. View more Saline subdivisions here!

So, What Does a Realtor Actually Do for Home Buyers?

If you’re actively looking for a new home to buy, it may be tempting to try and do it yourself, without a Realtor. After all, the agent isn’t really working for you, right?

Two-story suburban home made of brick and stucco.There is a common misconception that real estate agents are only working for sellers, but that couldn’t be further from the truth!

When you’re buying a home, a real estate agent can help you make the right financial decision while maintaining your sanity.

Real estate agents live and breathe real estate, so they know how to navigate the market unlike anyone else.

The Right Buyer’s Agent Will Make All the Difference

An experienced Buyer’s Agent will keep you on top of the market, show you hard-to-find homes for sale, negotiate your buying terms, handle the bulk of your paperwork, and more. And it won’t cost you a penny!

In fact, here are the 4 things real estate agents do to eliminate stress from your home-buying process. Continue reading →

Centennial Park, Saline Real Estate Update

Centennial Park Real Estate Report – June 2018

Centennial Park is an upscale Saline neighborhood with beautiful, large homes and lots. The prestigious subdivision has a 40 acre park that includes a pavilion, sports fields and more. There are currently 7 homes listed for sale and so far this year, 6 have sold.Centennial Park, Saline MI

Homes for Sale:

  • $679,900. 1280 Bicentennial Parkway. 2762 sq. ft., + 1200 in finished lower level, 5 bedrooms and 3.1 baths.
  • $674,900. 1370 Annendale Court. 3636 sq. ft., + 1650 in finished lower level, 5 bedrooms and 4.1 baths.
  • $650,000. 1281 Bicentennial Parkway. 3906 square feet with 4 bedrooms and 2.1 baths.
  • $529,000. 1041 Bicentennial Parkway. 2682 sq. ft., + 1200 in finished lower level, 4 bedrooms and 3.1 baths.
  • $515,000. 6184 Wilson Road. 2645 sq. ft., + 1300 in finished lower level, 4 bedrooms and 3.1 baths.
  • $465,000. 1065 Bicentennial Parkway. 2585 square feet with 4 bedrooms and 2.1 baths. Sale Pending

Continue reading →

Fleming Creek Neighborhood, Ann Arbor Real Estate Report

Fleming Creek Real Estate Report – July 2018

Fleming Creek is a charming Ann Arbor neighborhood with nice 2 story homes. Eateries, nature areas, the downtown and much more are all nearby; the subdivision is also easily accessible. There is currently 1 homes listed for sale and so far this year, 4 have sold.Fleming Creek Neighborhood, Ann Arbor MI

Home for Sale:

  • $474,900. 4994 S. Ridgeside Cir., Ann Arbor. 2291 square feet with 4 bedrooms and 2.1 baths. Sale Pending

Sold Homes:

  • $550,000. 4852 N. Ridgeside Cir., Ann Arbor. 2497 sq. ft., + 700 in finished lower level, 4 bedrooms and 3.1 baths.
  • $530,000. 4988 S. Ridgeside Cir., Ann Arbor. 2580 sq. ft., + 800 in finished lower level, 4 bedrooms and 2.1 baths.
  • $516,000. 2858 Chaseway, Ann Arbor. 2858 sq. ft., + 1021 in finished lower level, 4 bedrooms and 3.1 baths.
  • $475,000. 4758 Parkside Ct., Ann Arbor. 2126 sq. ft., + 877 in finished lower level, 5 bedrooms and 2.1 baths.

Last year at Fleming Creek, 5 homes sold with an average sale price of $444,900 and an average price per square foot of $179.00. The 4 homes sold this year have an ASP of $517,750, up a notable 16.4%, and an A$/SF of $207.00, up 15.6%. To learn more about home values at Fleming Creek, contact the real estate experts with The Bouma Group at (745)761-3060 or email info@bouma.com. View more Ann Arbor neighborhoods here!

 

305 Spring Street, Saline MI Tri-Level for Sale

305 Spring Street, Saline MI 48176305 Spring Street, Saline MI 48176 Home near Downtown

New Listing! Neat and clean tri-level situated just blocks from downtown Saline’s shopping, restaurants, and more. This home offers:

  • 1826 sq. ft., +340 in the finished lower level, 3 bedrooms and 2 full baths.
  • Gleaming hardwood floors throughout the lower level and 2 of the bedrooms.
  • Daylight lower level has a family room with built-in bookshelves.
  • Expansive deck overlooks the landscaped corner lot.
  • More photos and features
  • MLS# 3258335
  • Listed for $259,000

To schedule a private showing for 305 Spring Street or for more information for this Saline home, contact the real estate specialists with The Bouma Group at 734-761-3060 or email info@bouma.com today!

1607 Anderson Avenue, Ann Arbor MI Home with Updates

1607 Anderson Avenue, Ann Arbor MI 481041607 Anderson Avenue, Ann Arbor MI Home

Just Listed! With a great central Ann Arbor location, this updated bungalow is just minutes from downtown, schools, parks, and shopping. Features include:

  • 1857 sq. ft., +418 in finished lower level, 3 bedrooms and 3 full baths.
  • Gleaming hardwood floors throughout most of the first level.
  • Kitchen has white cabinets and new stainless steel appliances.
  • Huge back yard with privacy fencing.
  • More photos & features
  • Virtual tour
  • MLS# 3258265
  • Listed for $389,900

To schedule a private showing for 1607 Anderson Avenue or request more information for this Ann Arbor home, contact the real estate specialists with The Bouma Group today at 734-761-3060 or info@bouma.com.

2480 Gale Road, Ann Arbor MI Home on 2+ Acres

2480 Gale Road, Ann Arbor MI 481052480 Gale Road, Ann Arbor MI Home with Acreage

Just Listed! Beautiful country home on 2.2 acres with Ann Arbor schools. This 2-story offers:

  • 3985 square feet of living space with 5 bedrooms and 3 full baths.
  • Large elegant rooms make this home perfect for entertaining and family life.
  • Cherry wood paneled library has a cozy fireplace, leaded glass french doors, and lots of built-ins.
  • Huge vaulted kitchen opens to the dining area and living room with a wood burning stove.
  • More photos & features
  • Virtual tour
  • MLS# 3258132
  • Listed for $850,000

For more information or to request a private showing for 2480 Gale Road, contact the Ann Arbor Real Estate specialists with The Bouma Group today at 734-761-3060 or email info@bouma.com.