Archives: September 11, 2017

How Supply and Demand Impacts Real Estate Home Values

Supply and Demand in Today’s Market

The Impact of Supply and Demand on Housing Prices in Today's Real Esate Market

Some Highlights:

  • The concept of supply & demand is a simple one. The best time to sell something is when the supply of that item is low & the demand for that item is high!
  • Anything under a 6-month supply is a seller’s market!
  • Nationally, there has not been a 6-months inventory supply since August 2012!
  • Inventory levels differ depending on the area of the country and price range, so let’s get together to discuss the exact market conditions in our area.

Thinking of selling your home? It could be worth more than you think! Contact Ann Arbor’s premier Real Estate team at The Bouma Group at 734-761-3060 or email info@bouma.com and get a market analysis for your home and find out the next steps in getting it sold for top dollar!

5831 Big Pine Drive, Ypsilanti Township Home

5831 Big Pine Drive, Ypsilanti, MI5831 Big Pine Drive, Ypsilanti Home for Sale

SOLD! This large tri-level home has a great location, close to I-94, US-23, and the Ford Plant. 5831 Big Pine Drive offers:

  • 1969 sq. ft. with 3 bedrooms, 1 full and 1 half bathrooms.
  • Large light-filled living room opens to the dining room which then leads directly into the kitchen.
  • The kitchen has a functional layout with a window for extra natural light.
  • 3 spacious bedrooms and an updated full bathroom complete the main floor.
  • Downstairs is another living space, a large laundry room and the half bathroom.
  • More photos and features
  • MLS #3251951
  • Listed for $149,900

Contact The Bouma Group, Realtors at 734-761-3060 or email info@bouma.com to schedule your private showing for 5831 Big Pine Drive today!

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Arlington Place Condos, Ann Arbor Real Estate Report

Arlington Place Condo Report – September 2017Arlington Place Condominium Ann Arbor MI

Arlington Place is a lovely Ann Arbor complex that is within walking distance to many amenities, the views from the covered balconies include wooded areas and a creek. There are currently no condos listed for sale and so far this year, 3 have sold.

Sold Condos:

  • $179,125. 2241 S. Huron P, kwy. #4, Ann Arbor. 1053 square feet with 2 bedrooms and 2.0 baths.
  • $165,000. 2201 S. Huron Pkwy. #1, Ann Arbor. 1053 square feet with 2 bedrooms and 2.0 baths.
  • $162,500. 2205 S. Huron Pkwy. #1, Ann Arbor. 1053 square feet with 2 bedrooms and 2.0 baths.

Last year at Arlington Place, 6 condos sold with an average sale price of $144,958 and an average price per square foot of $134.00. The 3 condos sold this year have an ASP of $168,875, up 16%, and an A$/SF of $160.00, up 19%. To learn more about condo values at Arlington Place, contact the real estate specialists with The Bouma Group at (734)761-3060 or email info@bouma.com. View more Ann Arbor condominiums here!

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