Archives: December 2017

Ann Arbor Condo Market Update – November 2017

Listings Down, Sales Up in November

Ann Arbor Condominium Statistics for November 2017

Ann Arbor Condo inventory continues to shrink, but this didn’t slow sales in November. For the month of November there were only 30 new listings, compared with 42 in November 2016. So far this year, there have been 679 new listings, down 8% compared with 738 this time last year. The number of condo sales rose from 44 to 53 during the month, an increase of 20%. However, year-to-date sales are struggling to match last year with 589 units sold, down 6.5% from 630. Residential home sales also rose during November, making it a busy month for all Ann Arbor real estate.

What does this mean for the future of the Ann Arbor condo market? If listings continue to decline, there will be less and less to choose from for the strong pool of buyers. This will drive the sale prices upward as buyers compete for properties, as we have seen this past year. The average sale price for condos has risen 12%, from $227,217 to $254,502, so if you’ve been thinking of selling your condo, now is a great time. Wondering what it’s worth? Contact us at The Bouma Group, Realtors today at 734-761-3060 or email info@bouma.com and find out!

Oak Meadows Condos, Ann Arbor Report

Oak Meadows Condo Report- December 2017Oak Meadows Condos, Ann Arbor MI

Oak Meadows is a popular Ann Arbor complex located near the freeway for quick access to many amenities. Within the community there is a clubhouse with an outdoor pool that is enjoyed by residents. There are currently 2 condos listed for sale and so far this year, 5 have sold.

Condos for Sale:

  • $269,900. 3502 Bent Tr., Ann Arbor. 1491 square feet with 2 bedrooms and 2.1 baths. Sale Pending
  • $185,000. 2058 Bent Tr., Ann Arbor. 1379 square feet with 2 bedrooms and 2.0 baths. Sale Pending

Sold Condos:

  • $286,750. 3335 Breckland Ct. #89, Ann Arbor. 1612 sq. ft., + 400 in finished lower level, 3 bedrooms and 3.1 baths.
  • $270,800. 3338 Breckland Ct., Ann Arbor. 1612 square feet with 3 bedrooms and 3.1 baths.
  • $268,000. 3335 Breckland Ct., Ann Arbor. 1612 sq. ft., + 699 in finished lower level, 3 bedrooms and 3.1 baths.
  • $252,500. 3365 Breckland Ct., Ann Arbor. 1296 sq. ft., + 420 in finished lower level, 2 bedrooms and 3.1 baths. Sold by The Bouma Group
  • $220,000. 3350 Breckland Ct., Ann Arbor. 1296 sq. ft., + 800 in finished lower level, 2 bedrooms and 3.1 baths.

Last year at Oak Meadows, 13 condos sold with an average sale price of $233,262 and an average price per square foot of $152.00. The 5 condos sold this year have an ASP of $259,610, up 11%, and an A$/SF of $175.00, up 15%. To learn more about condo values at Oak Meadows, contact the real estate specialists with The Bouma Group at (734)761-3060 or email info@bouma.com. View more Ann Arbor condominiums here!

Pattengill Condos, Ann Arbor Report

Pattengill Condo Report – December 2017Pattengill Condos Ann Arbor MI

Pattengill is an affordable Ann Arbor complex with access to conveniences via the bus line nearby; the in ground pool is a great feature that is enjoyed in the warmer months. There is currently 1 condo listed for sale and so far this year, 5 have sold.

Condos for Sale:

  • $98,000. 2313 Packard St. #A102,  Ann Arbor. 609 square feet with 1 bedroom and 1.0 baths. Sale Pending

Sold Condos:

  • $120,000. 2319 Packard St. #B306, Ann Arbor. 860 square feet with 2 bedrooms and 1.0 baths.
  • $91,500. 2317 Packard St. #B301, Ann Arbor. 625 square feet with 1 bedroom and 1.0 baths.
  • $91,000. 2313 Packard St. #103, Ann Arbor. 559 square feet with 1 bedroom and 1.0 baths.
  • $88,900. 2317 Packard St. #B103, Ann Arbor. 559 square feet with 1 bedroom and 1.0 baths.
  • $80,500. 2317 Packard St. #B104, Ann Arbor. 559 square feet with 1 bedroom and 1.0 baths.

Last year at Pattengill, 1 condo sold with a sale price of $112,000 and a price per square foot of $131.00. The 5 condos sold this year have an average sale price of $94,380, down 16%, and an average price per square foot of $150.00, up 15%. To learn more about condo values at Pattengill, contact the real estate specialists with The Bouma Group at (734)761-3060 or email info@bouma.com. View more Ann Arbor condominiums here!

Ann Arbor Real Estate Market Update – November 2017

More New Listings and Sales in November

November 2017 Ann Arbor Real Estate Statistics with Border

Market Update for November 2017

Both new listings and sales for Ann Arbor homes were up for the month of November. New listings entered were up 30% compared with last November, 73 vs. 56, with the average list price coming in at $500,023 vs. $443,054.  The number of sales was up 12.5%, 90 vs. 80, with the average days on the market at 38, down from 48. The average sale price was $405,669 compared with $409,972 this time last year. However, when looking at the year-to-date statistics, both listings and sales are down. There were 1383 new listings entered so far this year, compared with 1473 last year, and 1057 sales compared with 1116 last year. It is a very strong seller’s market with a 2.7 month supply of homes for sale overall. The $600k – $700k and $800k – $1 million price points are balanced with only the over $1 million in a buyer’s market with a large inventory.

If the Ann Arbor real estate market stays as busy in December, we may see the gaps narrow, but the year will most likely end with less sales and listings than in 2016. Be sure to check back for the December market update after the new year. Here at The Bouma Group, Realtors we already have a lot of great listings ready to hit the market in late winter and early spring. Be the first to know, contact us today for a sneak preview to see if any are the right match for you! 734-761-3060 or info@bouma.com

Northbury Condos, Ann Arbor MI Report

Northbury Condo Report  – December 2017Northbury Condos, Ann Arbor MI 48105

Northbury is a great Ann Arbor complex situated among the beautiful terrain of mature trees, rolling hills and ponds. There is currently 1 condo listed for sale and so far this year, 6 have sold.

Condos for Sale:

  • $399,000. 1 Haverhill Ct., Ann Arbor. 2056 sq. ft., + 914 in the finished lower level, 4 bedrooms and 2.1 baths.

Sold Condos:

  • $434,000. 4 Northwick Ct., Ann Arbor. 2292 sq. ft., + 600 in finished lower level, 3 bedrooms and 2.2 baths.
  • $400,000. 15 Southwick Ct., Ann Arbor. 2425 sq. ft., + 1218 in finished lower level, 4 bedrooms and 3.1 baths. Listed by The Bouma Group
  • $369,900. 28 Southwick Ct., Ann Arbor. 2425 sq. ft., + 1218 in finished lower level, 4 bedrooms and 3.1 baths.
  • $339,900. 1 Northwick Ct., Ann Arbor. 2056 sq. ft., + 914 in finished lower level, 5 bedrooms and 3.0 baths.
  • $324,000. 15 Eastbury Ct., Ann Arbor. 1460 sq. ft., + 678 in finished lower level, 2 bedrooms and 2.1 baths.
  • $313,000. 14 Haverhill Ct., Ann Arbor. 1616 sq. ft., + 612 in finished lower level, 3 bedrooms and 3.o baths.

Last year at Northbury, 8 condo sold with an average sale price of $366,500 and an average price per square foot of $218.00. The 6 condos sold this year have an 363,467, down slightly, and an A$/SF of $181.00, also down slightly. To learn more about condo values at Northbury, contact the real estate specialists with The Bouma Group at (734)761-3060 or email info@bouma.com. View more Ann Arbor condominiums here!

Northside Glen Condos, Ann Arbor Report

Northside Glen Condo Report – December 2017Northside Glen Condos, Ann Arbor MI

Northside Glen is a picturesque Ann Arbor complex, the newer units are popular because of their beautiful surrounding and proximity to conveniences. There are currently no condos listed for sale and so far this year, 15 have sold.

Sold Condos:

  • $230,000. 2796 S. Knightsbridge Cir., Ann Arbor. 1236 square feet with 3 bedrooms and 2.0 baths. Sold by the Bouma Group
  • $226,000. 2660 S. Knightsbridge Cir., Ann Arbor. 1236 square feet with 3 bedrooms and 2.0 baths.
  • $222,000. 2740 S. Knightsbridge Cir., Ann Arbor. 1236 square feet with 3 bedrooms and 2.0 baths.
  • $220,000. 2840 S. Knightsbridge Cir., Ann Arbor. 1182 square feet with 2 bedrooms and 2.0 baths.
  • $212,800. 2836 S. Knightsbridge Cir., Ann Arbor. 1094 square feet with 2 bedrooms and 2.0 baths.
  • $205,000. 2744 S. Knightsbridge Cir., Ann Arbor. 1094 square feet with 2 bedrooms and 2.0 baths. Sold by The Bouma Group
  • $205,000. 2850 S. Knightsbridge Cir., Ann Arbor. 1182 square feet with 2 bedrooms and 2.0 baths. Sold by The Bouma Group
  • $173,500. 2764 S. Knightsbridge Cir., Ann Arbor. 1094 square feet with 2 bedrooms and 2.0 baths. Sold by The Bouma Group

For a complete list of Sold Condos at Northside Glen, Ann Arbor, contact us at (734)761-3060

Last year at Northside Glen, 15 condos sold with an average sale price of $178,240 and an average price per square foot of $156.00. The 15 condos sold this year have an ASP of $204,453, up 15%, and an A$/SF of $179.00, also up 15%. To learn more about condo values at Northside Glen, contact the real estate specialists with The Bouma Group at (734)761-3060 or email info@bouma.com. View more Ann Arbor condominiums here!

12 Month-by-Month Organizing Goals for Your New Home

A beige couch in the middle of an open living room.‘Tis the season — for goal planning, that is! Many people spend December reflecting on the year and creating a list of goals to aim for in the New Year, and recent home buyers are no exception.

If you’re thinking about ways to preserve that “new-to-you” feeling in your home and keep the clutter at bay throughout the year, follow our handy month-by-month home organization planner.

January: Clear Out Any Cluttered Spaces

Decluttered spaces can keep your home looking and feeling like new (even if it isn’t). While you’re putting away holiday decorations, take some time to tackle any clutter that has begun to accumulate in catch-all spaces, such as closets, the garage, and any rooms that are still full of half-unpacked moving boxes.

February: Create a Home Organization Plan

A list of things to do each day of the week.Detailed planning is a great way to stay on top of your New Year’s home organization goals. Outline a list of tasks to complete daily, weekly, and monthly. This list can include indoor and outdoor maintenance as well as fun tasks like decorating.

Be sure to pin your home organization plan in a conspicuous space, such as on the refrigerator. You can also lighten your workload by divvying up the tasks to other members of the household. Continue reading

Northside Ridge Condos, Ann Arbor Report

Northside Ridge Condo Report – December 2017Northside Ridge Condos, Ann Arbor MI

Northside Ridge is a wonderful Ann Arbor complex, these spacious units offer a variety of floor plans and are close to many amenities. There are currently no condos listed for sale and so far this year, 6 have sold.

Sold Condos:

  • $305,000. 2917 N. Knightsbridge Cir., Ann Arbor. 1637 square feet with 3 bedrooms and 2.0 baths.
  • $300,500. 2914 N. Knightsbridge Cir. #7, Ann Arbor. 1401 square feet with 2 bedrooms and 2.0 baths.
  • $244,500. 2942 Hunley Dr., Ann Arbor. 1201 square feet with 2 bedrooms and 2.0 baths. Listed and Sold by The Bouma Group
  • $234,500. 2911 Knightsbridge, Ann Arbor. 1201 square feet with 2 bedrooms and 2.0 baths.
  • $233,636. 2980 Hunley Dr., Ann Arbor. 1201 square feet with 2 bedrooms and 2.0 baths. Listed and Sold by The Bouma Group
  • $224,900. 2908 N. Knightsbridge Cir., Ann Arbor. 1201 square feet with 2 bedrooms and 2.0 baths. Listed and Sold by The Bouma Group

Last year at Northside Ridge, 3 condos sold with an average sale price of $272,633 and an average price per square foot of $174.00. The 6 condos sold this year have an ASP of $257,173, down 6%, and an A$/SF of $ 197.00, up 13%. To learn more about condo values at Northside Ridge, contact the real estate specialists with The Bouma Group at (734)761-3060 or email info@bouma.com. View more Ann Arbor condominiums here!