Ann Arbor Condo Report Update – April 2018

Both Condo Listings and Sales Down in April

Ann Arbor Condo Report April 2018

Ann Arbor condos have seen an all around decrease compared to 2017, in listings and sales, both monthly and year-to-date. A decent total of 90 listings were entered in April, which is down 7% in comparison to the 97 condos sold in the previous year. As well, the listing prices also saw the same 7% decline since last year, $310,026 from $334,608. The number of sales lowered by 14.6% this April when compared to 2017, 41 condos sold versus 48 condos sold. However it is not all declines, selling prices did rise from $251,735 to $275,124, which is a is a respectable increase of 9%. For both year-to-date listings and sales, there was a drop in inventory but an increase in prices. There was a 7% decline in the amount of new listings entered thus far; but a 10% increase in the average listing price, $313,866 to $345,998. The 122 condos sold this year are 21% below the amount sold in 2017 year-to-date; although, the selling price increased 9.7% from $260,239 to $285,709 this year. On average, it is a seller’s market for Ann Arbor condos this April, especially for more affordable units. However, luxury condos are considered a buyer’s market; with the outlier of condos that are priced over 1 million dollars.

Although there has been an overall decrease this year for Ann Arbor condos, prices are slowly increasing and the market is doing okay. Whether you are looking to buy or sell a condo, contact the experts with The Bouma Group at (734)761-3060 or email info@bouma.com. To stay updated on the market statistics, check back here!

1383 East Dawson, Milford MI Remodeled Farmhouse

1383 East Dawson, Milford MI 483811383 East Dawson, Milford MI Remodeled Farmhouse

Just Listed! A combination of old and new, this remodeled farmhouse is great for multi-generational living as it has 2 separate living areas and 2 kitchens.

  • 3447 square feet with 5 bedrooms and 3 full baths.
  • Beautiful Vermont hardwood throughout the original portion of the home, including the flooring, walls, beams and molding.
  • Newer addition houses the second kitchen, dining room, 2 bedrooms and a full bath.
  • Situated on almost an acre.
  • More photos & features
  • Virtual tour
  • MLS# 3257025
  • Listed for $499,000

To request a private showing or more information for 1383 East Dawson, contact the real estate specialists with The Bouma Group today at 734-761-3060 or email info@bouma.com.

Ann Arbor Real Estate Report – April 2018

Buyer’s and Seller’s Market Dependent on Price Range

Ann Arbor Real Estate Report May 2018

 

For Ann Arbor homes, listings were slightly down and sales increased in April compared to 2017. New listings decreased a small percentage of 1% in comparison to April last year, 173 versus 175. Although there is minimal decline in the amount of listings, according to the Ann Arbor Area Board of Realtors, the average listing price increased from $478,871 to $510,951. The number of sales rose 35% compared to the previous year, from 75 homes sold to 101; along with it, the average sale price increased by 5%, $414,281 versus $435,787. When looking at the average days on the market, only one day differed from this April compared to last, this year had 1 more day equaling 22 days on average. Looking at the year to date statistics, listings are lower. This year, 454 listings have been entered thus far, versus the 496 listings entered in 2017. But, the homes sold since the beginning of the year have a higher volume compared to last year, with 270 homes sold versus 247 in 2017. Homes sold under $400k are a seller’s market, and becomes stronger as the price range reduces. Mid-range homes are part of a balanced market, creating negotiation between buyers and sellers. Higher end homes, such as those above $800k, are considered to be a buyer’s market, with it being most intense in the 1 million dollar + range.

Looking ahead, it should be a solid year for Ann Arbor residential homes. Whether you are looking to sell or buy, contact the real estate specialists with The Bouma Group at (734)761-3060 or email info@bouma.com. And stay tuned for next month’s real estate report for Ann Arbor homes!

9049 Whispering Pines, Saline MI Home in York Woods

9049 Whispering Pines, Saline MI 481769049 Whispering Pines, Saline MI Home for Sale at York Woods subdivision

Just Listed! Gorgeous, secluded setting for this contemporary style home on 2 acres in York Woods subdivision. Features include:

  • 2656 square feet with 4 bedrooms and 3 full baths.
  • A double-sided fieldstone fireplace is the center of the living room.
  • Custom wood molding and built-ins.
  • Second floor balcony and the large patio view the peaceful back yard.
  • More photos and features
  • Virtual tour
  • MLS# 3256855
  • Listed for $450,000

For more information or to schedule a private showing for 9049 Whispering Pines, contact the real estate specialists with The Bouma Group today at 734-761-3060 or email info@bouma.com. View photos and details for York Woods subdivision here!

2059 Delaware Drive, Ann Arbor Home in Lansdowne

2059 Delaware Drive, Ann Arbor MI 481032059 Delaware Drive, Ann Arbor MI Home in Lansdowne Subdivision

Just Listed! Traditional cape cod with gleaming hardwood floors throughout most of the home in the popular Lansdowne neighborhood. Details include:

  • 2148 sq. ft., +700 in finished lower level, 4 bedrooms and 2.1 baths.
  • Kitchen is remodeled with cherry cabinets, granite counters and stainless appliances.
  • Spacious master bedroom suite offers a private, updated bathroom and a walk-in closet.
  • Within walking distance of Lawton Elementary and Lawton Park.
  • More photos & features
  • MLS#3256817
  • Listed for $538,000

To inquire about 2059 Delaware Drive or request a private showing, please contact the Ann Arbor Real Estate specialists with The Bouma Group today at 734-761-3060 or email info@bouma.com. View photos and information for Lansdowne subdivision here!

4467 Hillside Court, Ann Arbor Condo at The Arbors

4467 Hillside Court, Ann Arbor MI 481054467 Hillside Court, Ann Arbor MI Condo at The Arbors

Just Listed! So many updates in the ranch style condo for sale at The Arbors. This unit offers:

  • 1280 sq. ft., +432 in finished lower level, 2 bedrooms and 3 full baths.
  • Sharp kitchen has new granite counters and stainless steel appliances.
  • Updated light fixtures, new carpet and fresh paint throughout.
  • Private balcony overlooks the pond.
  • More photos & details
  • Virtual tour
  • MLS# 3256712
  • Listed for $299,000

For more information on 4467 Hillside Court or to schedule a showing, contact the Ann Arbor Condo specialists with The Bouma Group, Realtors today at 734-761-3060 or email info@bouma.com. View photos & amenities for The Arbors here!

5840 Lohr Lake Drive, Ann Arbor Home in Lohr Lake Village

5840 Lohr Lake Drive, Ann Arbor MI 481085480 Lohr Lake Drive, Ann Arbor MI Home in Lohr Lake Village

New Listing! Lots of space in this executive, waterfront home in Lohr Lake Village. Features include:

  • 2910 sq. ft., +700 in the finished lower level, 5 bedrooms and 3.1 baths.
  • Kitchen is updated with new cabinets, stainless appliances, granite counters and stylish lighting.
  • Relax and play in the finished walk-out lower level.
  • Saline Schools with an Ann Arbor mailing address.
  • More photos and features
  • Virtual tour
  • MLS# 3256667
  • Listed for $569,900

To request more information or a private showing for 5840 Lohr Lake Drive, contact the real estate specialists with The Bouma Group today at 734-761-3060 or email info@bouma.com. Learn more about Lohr Lake Village subdivision here!

2990 Whittier Court, Ann Arbor Condo at Georgetown Commons

2990 Whittier Court, Ann Arbor MI 481042990 Whittier Court, Ann Arbor Condo at Georgetown Commons

New Listing! Nicely updated ranch style condo at Georgetown Commons. This end-unit offers:

  • 780 square feet with 2 bedrooms and 1 full bath.
  • Kitchen is remodeled with sharp maple cabinets, a tile backsplash and trendy lighting.
  • A breakfast bar separates the kitchen from the living room with newer Pergo flooring.
  • More photos and features
  • MLS# 3256524
  • Listed for $159,900

Want to know more about 2990 Whittier Court, contact the Ann Arbor condo specialists with The Bouma Group at 734-761-3060 or email info@bouma.com. Schedule a private showing here!

1912 Lindsay Lane, Ann Arbor Condo at Brentwood Square

1912 Lindsay Lane, Ann Arbor MI 481041912 Lindsay Lane, Ann Arbor MI Condo at Brentwood Square

New Listing! Great end unit with views of the pond in centrally located Brentwood Square condos. Details include:

  • 926 square feet with 2 bedrooms and 1.1 baths.
  • Low maintenance wood laminate flooring throughout most of the condo.
  • Lower level has laundry room and access to the attached 1-car garage.
  • More photos and details
  • MLS# 3256333
  • Listed for $254,900

To schedule a private showing or request more information on 1912 Lindsay Lane, contact The Bouma Group, Realtors today at 734-761-3060 or email info@bouma.com. See photos and features of Brentwood Square condos here!

Boulder Ridge, Ann Arbor Subdivision Report for 2017

Boulder Ridge Year End Report – 2017Boulder Ridge Subdivision, Ann Arbor MI Homes

2017 was a decent year for Boulder Ridge with 3 houses sold. The amount of sales decreased by 6 houses compared to the previous year.

Sold Homes:

  • $500,000.  8055 Boulder Ridge Ct., Ann Arbor. 3064 sq. ft., +1500 in finished lower level, 4 bedrooms and 3.1 baths.
  • $395,000.  8026 Boulder Ridge Ct., Ann Arbor. 2780 sq. ft., +1000 in finished lower level, 4 bedrooms and 2.1 baths.
  • $347,000. 3001 Green Valley Dr., Ann Arbor. 1775 sq. ft., + 246 in finished lower level, 3 bedrooms and 2.1 baths.

While there were less sales at Boulder Ridge in 2017, the average sales price rose by 22% going from $338,956 in 2016 to $414,000 in 2017. The average price per square did not fare as well and dropped 7%, going from $180.00 in 2016 to $167.00 in 2017. Keep up to date with what is being listed and sold at this Ann Arbor neighborhood by checking the webpage here for updates! For more information, contact the real estate specialists with The Bouma Group today at 734-761-3060 or email info@bouma.com.