Archives: September 15, 2017

Burns Park, Ann Arbor Real Estate Update

Burns Park Real Estate Report – September 2017Burns Park subdivision, Ann Arbor MI neighborhood

Burns Park is a luxury Ann Arbor neighborhood, located near the University of Michigan’s central campus and the downtown area, the beautifully designed homes have charm and character. There are currently 11 homes listed for sale and so far this year, 27 have sold.

Homes for Sale:

  • $1,750,000.  1035 Martin Pl., Ann Arbor. 4025 sq. ft., + 1400 in finished lower level, 5 bedrooms and 3.1 baths. Sale Pending & Listed by The Bouma Group
  • $875,000.  2008 Morton Ave., Ann Arbor. 3369 sq. ft., +960 in finished lower level, 4 bedrooms and 2.1 baths.
  • $845,000.  1611 Wells, Ann Arbor. 2753 sq. ft., +1440 in finished lower level, 4 bedrooms and 2.1 baths. Sale Pending
  • $789,500.  1705 Wells, Ann Arbor. 2756 sq. ft., +644 in finished lower level, 4 bedrooms and 2 baths. Sale Pending
  • $625,000.  1715 Hermitage, Ann Arbor. 2768 square feet with 4 bedrooms and 2 baths.
  • $545,000.  1314 Olivia Ave., Ann Arbor. 1810 sq. ft., +981 in finished lower level, 4 bedrooms and 2.1 baths. Sale Pending
  • $544,900.  1312 S. Forest Ave., Ann Arbor. 1647 sq. ft., +528 in finished lower level, 4 bedrooms and 3 baths.
  • $539,000.  1106 Michigan Ave., Ann Arbor. 2325 square feet with 5 bedrooms and 2.1 baths. Sale Pending
  • $499,900.  1409 Shadford, Ann Arbor. 1842 square feet with 4 bedrooms and 1.1 baths.
  • $489,900.  1302 Granger, Ann Arbor. 1500 square feet with 3 bedrooms and 1.1 baths.
  • $399,900. 1133 Lincoln Ave., Ann Arbor. 1096 square feet with 3 bedrooms and 2.0 baths.

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Ann Arbor Real Estate Market Update – August 2017

Positive Increases for Ann Arbor Real Estate

Ann Arbor Real Estate Statistics for August 2017
The Ann Arbor Real Estate market has experienced a lot of positive increases. For the month of August, the average sale price of homes rose 13% to $438,370 from $388,986 last August. Year-to-date, we’ve seen an increase in the number of new listing entered, 1106 vs. 1087 this time last year. The total number of sales dropped to 790 from 846, but the average sale price increased about 9%, going from $396,614 to $430,483. The overall average days on the market decreased from 33 to 29. Ann Arbor remains in a seller’s market with a 3.9 month supply of homes available for sale.

If we start to see an increase in inventory, the market could shift into a more balanced market. Right now, demand is outweighing supply and that is driving the prices upward. Thinking of selling? For a full market analysis of your home, contact the Ann Arbor Realtors at The Bouma Group today at 734-761-3060 or info@bouma.com. We are continually tracking pricing trends by neighborhood, price range, schools and more and have the marketing expertise to get your home sold quickly!

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Old Creek Farms, Saline Real Estate Update

Old Creek Farms Real Estate Report – September 2017Old Creek Farms Subdivision Saline MI Neighborhood

Old Creek Farms is a traditional Saline neighborhood only minutes away from the downtown, within the subdivision is Marlpool Park and many other nature areas and parks are nearby too. There are currently 2 homes listed for sale and so far this year, 3 have sold.

Homes for Sale:

  • $265,000. 689 Canterbury Ct., Saline. 1670 sq. ft., + 500 in finished lower level, 4 bedrooms and 1.1 baths.
  • $259,000. 660 Springbrook Ct., Saline. 1803 square feet with 4 bedrooms and 2.1 baths.

Sold Homes:

  • $280,000. 395 Old Creek Dr., Saline. 1640 sq. ft., + 650 in  finished lower level, 3 bedrooms and 2.0 baths.
  • $279,900. 477 Marlpool Dr., Saline. 1700 sq. ft., + 672 in finished lower level, 4 bedrooms and 1.1 baths.
  • $272,825. 617 Eastlook Dr., Saline. 1640 sq. ft., + 672 in finished lower level, 3 bedrooms and 2.1 baths.

Last year at Old Creek Farms, 8 homes sold with an average sale price of $242,050 and an average price per square foot of $148.00. The 3 homes sold this year have an ASP of $277,575, up 15%, an an A$/SF of $167.00, up 13%. To learn more about home values at Old Creek Farms, contact the real estate specialists with The Bouma Group at (734)761-3060 or email info@bouma.com. View more Saline neighborhoods here!

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Arbor Creek, Ann Arbor Real Estate Report

Arbor Creek Real Estate Report – August 2017Arbor Creek Subdivision Ann Arbor MI Neighborhood

Arbor Creek is an Ann Arbor neighborhood that strives to maintain a natural setting. The tasteful homes have many amenities within walking distance; and there are 10 acres of open area, along with woodlands, parks, walking trails and a shared common area to be enjoyed. There is currently 1 home listed for sale and so far this year 1 has sold.

Homes for Sale:

  • $409,000. 2627 Rock Ridge Ct., Ann Arbor. 2452 square feet with 4 bedrooms and 2.1 baths.

Sold Homes:

  • $320,000. 2361 Rockport Ct., Ann Arbor. 2001 sq. ft., + 800 in finished lower level, 4 bedrooms and 2.1 baths.

Last year at Arbor Creek, 7 homes sold with an average sale price of $380,986 and an average price per square foot of $166.00. The one home sold this year has a sale price of $320,000, down 16%, and a price per square foot of $160.00, down 4%. To learn more about home values at Arbor Creek, contact the real estate specialists with The Bouma Group at (734)761-3060 or email info@bouma.com. View more Ann Arbor neighborhoods here!

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