Ann Arbor Condo Market Report for September 2014

New Inventory Slows for Ann Arbor Condos

Ann Arbor Condo Statistics for September 2014
As is typical for this time of year, the Ann Arbor Condo market is seeing a drop in new inventory as fall sets in. And with fewer units listed for sale and less inventory to choose from, we are going further into a seller’s market with a current 3.8 month supply of condos available. We did, however, see a rise in the the number of condos sold in the past 12 months, compared with last month and this time last year, an indication of a stronger buyer pool and recovering market. The over $1M price range is showing activity with 2 of the 3 units listed having contracts pending with a buyer.

With new inventory declining, it’s a great time to get your condo listed for sale! Don’t wait for the spring market and increased inventory, call us at 734-761-3060 or email info@bouma.com for an analysis of what your condo is worth. Looking to purchase? View Ann Arbor condo complexes here!

4210 Boulder Pond, Ann Arbor Condo at Stonebridge

4210 Boulder Pond, Ann Arbor MI 481084210 Boulder Pond, Ann Arbor MI Condo at Ponds at Stonebridge

New Listing! Spacious cape cod style, detached condo located in the Ponds at Stonebridge, part of the Stonebridge Golf Club community. Details include:

  • 1980 sq. ft. +1071 in finished lower level, 3 bedrooms, loft area, and 3 full baths.
  • Skylights in the upper level bath and one of the bedrooms.
  • Open living, kitchen, dining area is perfect for entertaining and daily life.
  • Attached 2 car garage.
  • Located just 10 minutes from downtown Ann Arbor and downtown Saline.
  • More photos & details
  • MLS# 3225867
  • Listed for $329,000

If you’d like more information on 4210 Boulder Pond, Ann Arbor or set up a private showing, contact us at The Bouma Group today at 734-761-3060 or email info@bouma.com. We’ve been Ann Arbor’s leading seller of condos for more than 15 years and know the market better than anyone!

Ann Arbor Real Estate Market Update – September 2014

Ann Arbor Eases Into Fall Real Estate Market

Ann Arbor Real Estate Statistics for September 2014
As Ann Arbor transitions into the fall real estate market, changes are subtle when compared with last month. Inventory and the number of homes with contracts pending are just slightly lower, and Ann Arbor as a whole is teetering between a balanced and seller’s market with a 5 month supply of homes available. Inventory in the higher price ranges is beginning to stack up as more homes are being listed with fewer contracts pending. In the past 12 months, 34 homes sold in the $800k – 1M price range and 17 sold priced over $1M.

The Bouma Group continues to track all aspects of Ann Arbor real estate, including: price points, elementary schools, neighborhoods, condominiums, and more. Be sure to bookmark our blog to easily check back for the latest statistics! And as always, to learn more about the value of your home in today’s market, give us a call at 734-761-3060 or email info@bouma.com today!

3230 Ravenwood, Ann Arbor Real Estate Listing

3230 Ravenwood, Ann Arbor MI 481033230 Ravenwood, Ann Arbor MI Real Estate Listing on the West side of town

Just Listed! Classic colonial style home situated on a large wooded lot on the west side of Ann Arbor. Features include:

  • 2088 square feet of living space with 4 bedrooms and 2.1 baths.
  • Family room has cozy window seat flanked by built-in bookshelves.
  • Beautiful updated kitchen offers solid surface counters and a multitude of modern cabinetry.
  • Vaulted and high ceilings on the second floor and plenty of closet space.
  • More photos & features
  • MLS# 3225435
  • Listed for $279,900

For more information on 3230 Ravenwood, Ann Arbor, contact the real estate specialists with The Bouma Group today at 734-761-3060 or email info@bouma.com. Request a private showing for this charming home!

2260 Miller Ave., Ann Arbor Home for Sale

2260 Miller Ave., Ann Arbor MI 481032260 Miller Rd., Ann Arbor MI Home for Sale at Garden Homes Park

New Listing! Walk to downtown Ann Arbor and Garden Homes Park from this roomy tri-level style home. Features include:

  • 1624 square feet with 3 bedrooms and 1.1 baths.
  • Lower level family room has cozy fireplace and sliding glass doors to the patio and fenced back yard.
  • Living room with vaulted ceiling and large picture window.
  • More photos & details
  • MLS# 3225890
  • Listed for $259,900

For more information on 2260 Miller Ave, or to find out what is currently listed in the Ann Arbor area, contact the real estate specialists with The Bouma Group today at 734-761-3060 or email info@bouma.com. Thinking of listing your home? Your home is probably worth a lot more than you think – get a market analysis here and find out!

 

Brass Creek Subdivision, Dexter Real Estate Report

Brass Creek, Dexter Real Estate Report – October 2014Brass Creek Subdivision, Dexter MI Real Estate

Brass Creek is an upscale subdivision located on the east side of Dexter, right outside of the historic downtown area. There are currently 4 homes listed for sale and so far this year, 3 homes have sold.

Homes for Sale:

  • $479,900.  7633 Blue Gentian Ct., Dexter. 3046 square feet with 4 bedrooms and 3 baths.
  • $525,000.  7766 Huron River Dr., Dexter. 3002 sq. ft. +1000 in finished lower level, 4 bedrooms, 3.1 baths.
  • $525,000.  7719 Brass Creek Ct., Dexter. 3167 sq. ft. +1518 in finished lower level, 5 bedrooms, 4.1 baths. Sale Pending
  • $600,000.  7710 Brass Creek Ct., Dexter. 3508 sq. ft. +1721 in finished lower level, 5 bedrooms, 4.1 baths.

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315 Second St. #507, Downtown Ann Arbor Condo at Liberty Lofts

315 Second St. #507, Ann Arbor MI 48103315 Second Street #507, Ann Arbor MI Downtown Penthouse Condo at Liberty Lofts

New Listing! Amazing views of downtown Ann Arbor from this luxurious penthouse at the chic Liberty Lofts. Details include:

  • 1054 square feet of living space with 1 bedroom, a study, and 1.1 baths.
  • Fantastic views of downtown Ann Arbor from almost every room!
  • Hardwood floors, huge windows, granite counters, and in-unit laundry.
  • Spiral staircase leads to the second floor study/family room.
  • More photos & features
  • MLS# 3226067
  • Listed for $449,900

For more details and to request a private showing for 315 Second St. #507, contact us at The Bouma Group, Realtors at 734-761-3060 or email info@bouma.com. View recent market statistics for Liberty Lofts here!

5840 Bellwether, Saline MI Home at Travis Pointe South

5840 Bellwether, Saline MI 481765840 Bellwether, Saline MI Home at Travis Pointe South

The Bouma Group just listed this contemporary style home at 5840 Bellwether, Saline MI in the Travis Pointe South subdivision. This home offers:

  • 2859 sq. ft. +900 in finished lower level, 3 bedrooms and 2.1 baths.
  • Large, open great room with tons of windows, a fireplace, and hardwood floors.
  • Remodeled master bath features a luxurious jetted tub.
  • Lots of updates throughout.
  • More photos & features
  • Virtual tour
  • MLS# 3225158
  • Listed for $374,900

To request a private showing or more information for 5840 Bellwether, 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!

5880 Lafayette Ln, Ann Arbor Home at Country French Estates

5880 Lafayette Lane, Ann Arbor MI 481035880 Lafayette Lane, Ann Arbor MI Home at Country French Estates

Just Listed! Contemporary styled, 2 story home situated at the rear of the Country French Estates subdivision. Features include:

  • 1728 sq. ft., plus 670 in finished lower level, 3 bedrooms and 2.1 baths.
  • Soaring vaulted ceilings in the living room with skylights, a cozy fireplace, and hardwood floors.
  • Neutral decor throughout.
  • Master bedroom suite has built-ins, a walk-in closet, and private bath.
  • More photos & features
  • MLS# 3225919
  • Listed for $305,900

To learn more about 5880 Lafayette Lane and property values at Country French Estates, contact us at The Bouma Group, your premier Real Estate team, at 734-761-3060 or info@bouma.com today! Schedule your private showing here!

 

US Home Sales Outperform Real Estate Experts’ Previous Predictions

US Home Selling 2It’s always a good sign for the national housing market when sales activity is better than even the experts predicted!

And that’s exactly what happened recently when the latest market activity report was released by the National Association of Realtors in July.

Evidently, contracts to purchase previously-owned properties increased more than expected during the month of July, signaling that there truly is renewed momentum on the national housing market.

Let’s Take a Closer Look at The Numbers

According to a report from the National Association of Realtors, the pending home sales index increased 3.3 percent after a 1.3 percent decrease during the month of June.

That increase is much higher than previously expected. In fact, the median projection according to a Bloomberg survey of economists called for the index to increase about 0.5 percent. Specifically, estimates from 37 economists ranged from a decrease of 0.5 percent to an increase of 3 percent.

So why did the number of home sales do significantly better than previously predicted?

Experts credit the increase to a lot of factors, including:

  • Increased hiring
  • Rising property values
  • Historically low interest rates

Not only are these factors increasing home sales but they’re also encouraging builders to break more ground.

Other factors encouraging a more robust housing market include a gross domestic product that grew at a 4.2 percent pace during the second quarter as well as the fact that unemployment claims decreased to 298,000 last week.

Experts add that faster wage growth as well as easier access to credit would also help boost the local economy.

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