US Pending Home Sales Rise for Third Month in a Row

home buying 18We have some excellent news to report from the national housing market: Evidently US pending home sales index increased for the third straight month in April.

This is a great testament that the national housing market is getting back on track and becoming increasingly stable.

If you’re considering entering the market anytime soon as a buyer or seller, we encourage you to continue reading to learn more about this new trend.

The Latest Outlook from the Housing Market is Positive

Let’s take a closer look at the recent report from the National Association of Realtors.

According to recent data, the pending home sales index (which is based on contract signings for purchases of previously owned homes) increased 1.1 percent to a seasonally adjusted level of 108.6 in March.

This is also higher than in February, when the level was 107.4.

And evidently, the increase in the home sales index is higher than many economists surveyed by the Wall Street Journal thought it would be. They had expected the increase to be 1 percent.

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8217 Cypress Way, Dexter MI Home at Thornton Farms

8217 Cypress Way, Dexter MI 481308217 Cypress Way, Dexter MI Home at Thornton Farms

New Listing! Walk to the community pool from this roomy 2 story in Dexter’s Thornton Farms. Features include:

  • 1770 square feet with 3 bedrooms, a loft, and 2.1 baths.
  • Spacious living room is open to the dining area and kitchen.
  • Fresh, clean and ready to move into!
  • More photos & features
  • Neighborhood pool, club house, and parks
  • MLS# 3231121
  • Listed for $204,900

To request a private showing or to learn more about 8217 Cypress Way, contact the Dexter Real Estate specialists with The Bouma Group today at 734-761-3060 or email info@bouma.com.

The Bouma Group Welcomes Vicki Larmee to Their Real Estate Team

Vicki Larmee, Buyer's Agent for The Bouma Group RealtorsMartin Bouma and The Bouma Group welcome Vicki Larmee to their team of Real Estate Professionals. Vicki is a Michigan native growing up in the Jackson area and moving to Ann Arbor for school and work in 1990. She spent the last 6 years in South Carolina working as a closing agent and is very excited to come home. Vicki has been licensed in Michigan since 2001 and also holds a North and South Carolina license. She worked as a Buyer’s Agent and a Listing Agent and found both fields very rewarding.  She especially enjoys working with first time buyers, often holding home buying seminars to help educate them on the process.  In 2007, she received her home staging accreditation and has helped many families in the Ann Arbor area prepare their homes to be sold.  Her experience in the various areas of real estate makes her an invaluable member of The Bouma Group.

Martin Bouma and The Bouma Group have been servicing the real estate needs of Washtenaw County for more than 27 years and bring a unique, personal touch to each transaction. Thorough market knowledge, exceptional follow-through, and cutting edge marketing are the hallmarks of the Bouma Group’s continued success and have made them the #1 real estate team in Ann Arbor for the past 13 years. To find out more about home and condo buying opportunities in Washtenaw County, contact The Bouma Group at 734-761-3060 or visit their website at www.bouma.com.

6443 Meadow Ridge Ct., Dexter MI Home in Meadow Creek

6433 Meadow Ridge Court, Dexter MI 481306433 Meadow Ridge Court, Dexter MI Home for Sale

New Listing! Peaceful country living in Dexter’s Meadow Creek subdivision. Freshly painted and ready to move into, this spacious home offers:

  • 3092 square feet with 4 bedrooms, a study, loft, and 3.1 baths.
  • Formal living and dining rooms, plus a huge great room with a cathedral ceiling, fireplace, and wall of windows.
  • Vaulted master bedroom has a walk-in closet and private bath with a dual sink vanity and spa tub.
  • Large deck leads to the in-ground swimming pool.
  • Virtual tour
  • More photos and features
  • MLS# 3230523
  • Listed for $394,900

For a private showing, or to request more information for 6433 Meadow Ridge Ct, contact us, the Real Estate Specialists with The Bouma Group at 734-761-3060 or email info@bouma.com. Search for more Dexter Homes here!

Ann Arbor Condo Market Report for April 2015

67% of Ann Arbor Condos Under Contract

Ann Arbor Condo Real Estate Statistics for April 2015
The overall Ann Arbor Condo market continues to be in favor of the seller with a 4.1 month supply of units available. Inventory is still on the rise and condos are going under contract with buyers at about the same pace. Compared with April 2014, there are less units listed for sale with more under contract. Sales for the past 12 months is also higher.

What does this mean for condo sellers? Now is a great time to sell your condo! If you’ve been thinking about making a move, your condo will most likely sell quickly in this market. There is good news for buyers too! More and more condo inventory is coming to the market every day, giving you a broader selection to choose from. But you need to move quickly – many units are selling in the first few days of being listed. Whether you are a buyer or a seller, Ann Arbor Condos are hot, so contact us at The Bouma Group at 734-761-3060 to find out how you can take advantage of this market!

Ann Arbor Real Estate Market Update – April 2015

Ann Arbor Real Estate Values Skyrocket

Ann Arbor Real Estate Stats for April 2015
Demand for Ann Arbor homes under $500,000 is very strong and driving values sky high in most cases. In our office this spring, we’ve had many homes receive multiple offers within the first days of being listed. Some offers have been for as much as $40,000 over asking price. It gets tricky when the buyer need to procure a mortgage and the house does not appraise for the selling price. Cash buyers are typically winning out in these situations, as an appraisal isn’t needed.

Overall, Ann Arbor Real Estate is in a balanced market with a 5.3 month supply of homes available. Under $500k it’s a seller’s market with the average month supply at 4.3. The spring market is in full force and activity is strong. If you’ve been considering selling your home, now is the time! Call us today for a market analysis and find out what you need do to get it listed! 734-761-3060 or email info@bouma.com. The Bouma Group has been Ann Arbor’s leading Realtors for more than a decade and get your home sold quickly and for top dollar!

8770 Hidden Woods, Dexter MI Home for Sale

8770 Hidden Woods, Dexter MI 481308770 Hidden Woods, Dexter MI 48130 Home for Sale

Just Listed! Impeccable home located just minutes from downtown Dexter and multiple metro parks in the Hidden Woods neighborhood. This 2 story offers:

  • 2482 square feet with 1000 in the finished lower level, 4 bedrooms, a study, and 3.1 baths.
  • Desirable first floor master bedroom suite has ceramic tiled bath with a luxurious spa tub.
  • New bamboo flooring throughout the 2 story foyer and formal living & dining rooms.
  • Enjoy the fenced back yard from the large deck with a pergola.
  • More photos & features
  • Virtual tour
  • MLS# 3230956
  • Listed for $400,000

For more information and to schedule your private showing for 8770 Hidden Woods, contact the Real Estate specialists with The Bouma Group today at 734-761-3060 or email info@bouma.com.

4884 Troon Court, Ann Arbor Home at Loch Alpine

4884 Troon Court, Ann Arbor MI 481034884 Troon Court, Ann Arbor MI Home for Sale at Loch Alpine

Just Listed! Great views of the golf course from this custom built home in Loch Alpine. Features include:

  • 2679 square feet, plus an additional 700 in the finished lower level, 5 bedrooms, a study, and 3.1 baths.
  • Spacious kitchen has sharp white Schrock cabinets, ceramic counters, stainless appliances, and hardwood floors.
  • Soaring vaulted great room shares a double-sided fireplace with the eating area and features a wall of windows viewing the golf course.
  • Convenient first floor master bedroom suite has a lavish bath with spa tub.
  • Ann Arbor mailing, Dexter Community schools
  • More photos & features
  • Virtual tour
  • MLS# 3230290
  • Listed for $490,000

To request a private showing or more information for 4884 Troon Court, contact us at The Bouma Group Realtors at 734-761-3060 or email info@bouma.com. Learn more about the Loch Alpine neighborhood here!

1613 Brooklyn, Ann Arbor Home in Burns Park

1613 Brooklyn, Ann Arbor MI 481041613 Brooklyn Ann Arbor MI 48104 Home at Burns Park

New Listing! Traditional Burns Park colonial with beautiful finishes and lots of living space. Features include:

  • 2450 square feet with an additional 800 in the finished lower level, 4 bedrooms and 3.1 baths.
  • Kitchen is updated with custom Honduran Mahogany cabinets, cork flooring, stainless appliances, and center island.
  • Cozy fireplace, hardwood floors, french doors, deck, and vaulted master bedroom suite.
  • Walk-up third level is finished and has 2 skylights.
  • More photos & features
  • Virtual tour
  • MLS# 3229833
  • Listed for $739,900

To learn more about 1613 Brooklyn, and to request a private showing for this classic home, contact the Ann Arbor Real Estate Specialists with The Bouma Group today at 734-761-3060 or email info@bouma.com today. Learn more about the Burns Park neighborhood here!

5 Baby Boomer Housing Market Trends to Watch

boomersRegardless of where you live, experts are expecting that Baby Boomers will have a major impact on the local housing market.

That’s because this sizable portion of the population is comprised of 76.4 million individuals. And many of them are expected to make major moves over the next several years as they continue to retire.

To that effect, we wanted to share with you the top 5 Baby Boomer real estate trends to watch for in the coming months and years.

The Top 5 Real Estate Trends for Baby Boomers

Although many Baby Boomers plan to move to the Sunbelt when they retire, others may be motivated by different factors.

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