Archives: February 2018

Arbor Hills, Ann Arbor Real Estate Report

Arbor Hills Real Estate Report – February 2018Arbor Hills Subdivision, Ann Arbor Real Estate Update

There are currently 0 homes listed for sale at Arbor Hills subdivision and so far this year, 1 has sold. Last year, 8 homes sold.

2018 Sold Home:

  • $368,400.  3381 Cromwell, Ann Arbor. 1530 sq. ft., with 890 in finished lower level, 3 bedrooms and 3 baths.

2017 Sold Homes:

  • $412,000.  3416 Ashburnham, Ann Arbor. 2066 sq. ft. +1200 in finished lower level, 4 bedrooms and 2.1 baths.
  • $395,000.  3428 Ashburnham, Ann Arbor. 1980 sq. ft., +600 in finished lower level, 4 bedrooms and 3.1 baths.
  • $375,000.  3227 Kilburn Park Circle, Ann Arbor. 1530 square feet with 3 bedrooms and 2 baths.
  • $375,000.  3144 Dunwoodie, Ann Arbor. 1980 square feet with 4 bedrooms and 2.1 baths.
  • $365,000.  3149 Kilburn Park Circle, Ann Arbor. 1676 sq. ft., +1000 in finished lower level, 3 bedrooms and 2.1 baths.
  • $350,000.  3361 Cromwell, Ann Arbor. 1938 sq. ft., +500 in finished lower level, 4 bedrooms and 2.1 baths.
  • $330,000.  3370 Cromwell, Ann Arbor. 1530 square feet with 3 bedrooms and 2 baths.
  • $285,000.  3404 Cromwell, Ann Arbor. 1146 sq. ft., +900 in finished lower level, 3 bedrooms and 2.1 baths.

In 2016, 7 homes sold with an average sale price of $335,250 and an average price per square foot of $178.00. The 8 homes sold in 2017 had an ASP of $360,875, up 8%, and an A$SF of $212.00, up 19%. To learn more about the Arbor Hills neighborhood or to be instantly notified on new listings, contact the real estate specialists with The Bouma Group today at 734-761-3060 or email info@bouma.com. See more Ann Arbor Subdivisions here!

Ann Arbor Woods Real Estate Market Update

Ann Arbor Woods Market Update – February 2018Ann Arbor Woods, Ann Arbor Subdivision

There are currently 0 homes listed for sale at Ann Arbor Woods subdivision and in 2017, 10 homes sold.

Sold Homes:

  • $418,000.  5 Manchester Ct., Ann Arbor. 2174 sq. ft., +900 in finished lower level, 3 bedrooms and 2.1 baths.
  • $320,000.  2759 Manchester, Ann Arbor. 1920 sq. ft., +200 in finished lower level, 4 bedrooms and 2.1 baths.
  • $310,000.  2510 Essex, Ann Arbor. 1396 sq. ft., +426 in finished lower level, 3 bedrooms and 2.1 baths.
  • $304,000.  2771 Manchester, Ann Arbor. 1821 square feet with 3 bedrooms and 2 baths.

Continue reading

Woodland Mews, Ann Arbor Condominium Report for 2017

Woodland Mews Year End Condo Report – 2017

In 2017, Woodland Mews sold a total of 10 condos. The sales increased by 2 condos compared to 2016. Frequently, the sale price was similar to the listing price which is favorable for both the buyer and seller.Woodland Mews Condos, Ann Arbor, MI

Sold Condos:

  • $265,000. 255 Fieldcrest, Ann Arbor. 1494 sq. ft., + 500 in finished lower level, 3 bedrooms and 2.2 baths.
  • $259,900. 247 Fieldcrest St., Ann Arbor. 1247 sq. ft., + 568 in finished lower level, 2 bedrooms and 2.2 baths.
  • $170,000. 125 Fieldcrest St. #303, Ann Arbor. 1155 square feet with 3 bedrooms and 2.0 baths.
  • $145,000. 101 Fieldcrest St. #204, Ann Arbor. 950 square feet with 2 bedrooms and 1.0 baths.
  • $139,000. 111 Fieldcrest St. #303, Ann Arbor. 914 square feet with 2 bedrooms and 1.0 baths.
  • $137,000. 111 Fieldcrest St. #102, Ann Arbor. 834 square feet with 1 bedroom and 1.0 baths.
  • $133,500. 127 Fieldcrest St. #103, Ann Arbor. 885 square feet with 1 bedroom and 1.0 baths.
  • $129,900. 103 Fieldcrest St. #203, Ann Arbor. 885 square feet with 1 bedroom and 1.0 baths.

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

Currently, the average sale price of condos at Woodland Mews is $163,353, which is an increase of 3% compared to the ASP in 2016. The average price per square foot for the 10 condos sold in 2017 is $161.00, which is an increase of 4% in comparison to the A$/SF of $155.00 for the previous year. For more details and information about Woodland Mews, contact the condo specialists with The Bouma Group at (734)761-3060 or email info@bouma.com. View the previous market report for Woodland Mews here!

End of Winter Projects to Get Ready for Spring

Get Ready for Spring!  Frozen Fence Waiting for Spring to Come

The groundhog appears to have been right and it’s hard to believe that spring will ever come. Now is the perfect time to finish some final winter projects so you’ll be ready when the flowers start to bloom. Consider working on these during your last few (hopefully) cold days to get ready for spring:

  • Have your lawn mower blades and other tools sharpened, pick up some extra spark plugs and smoke alarm batteries, change the furnace filter, and check your garden hose for leaks.
  • Take advantage of the end-of-season sales to buy next year’s winter gear for your growing kids.
  • When you’re planning next week’s meals, make a couple of double batches and freeze the extras for reheating later. When summer comes and you want to spend all of your time outside, you’ll be thankful you planned ahead and already cooked dinner.
  • After trudging in with dirty boots every day, your carpets, rugs, and upholstered furniture might need a little TLC. Schedule a professional cleaning to leave your entire house feeling clean and fresh.

Continue reading

The Bouma Group Welcomes Trevor McIlwaine to their Real Estate Team!

Trevor McIlwaine, Buyer's Agent for the Bouma Group RealtorsWelcome Trevor McIlwaine!

Trevor McIlwaine was born and raised in Ann Arbor, attending Wines Elementary, Forsythe Middle, and Pioneer High Schools. He studied hospitality management at Mercyhurst University in Pennsylvania and proceeded to work in luxury hotels and restaurants throughout Michigan and Chicago. Passionate about customer service, real estate was a natural fit. With encouragement from family and friends, Trevor obtained his real estate license in October 2014 and has been helping clients with their real estate needs ever since. In his free time, he likes to golf, dance and is a football fanatic. Trevor is excited to be working with The Bouma Group and such a great team of real estate professionals.

Martin Bouma and The Bouma Group have been servicing the real estate needs of Washtenaw County for more than 32 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 consistently made them the #1 real estate team in Ann Arbor. 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.

Wellesley Gardens, Ann Arbor Condominium Report for 2017

Wellesley Gardens Year End Condo Report – 201Wellesley Condos, Ann Arbor, MI7

In 2017, Wellesley Gardens sold a total of 16 condos; 2 of which The Bouma Group was involved with. The sales decreased by 3 condos compared to the previous year. Offers that were both above, below, and the same as the listing price were accepted, which shows negotiation between buyers and sellers.

Sold Condos:

  • $259,000. 3337 Endsleigh, Ypsilanti. 1975 sq. ft., + 800 in finished lower level, 3 bedrooms and 3.1 baths.
  • $212,500. 3414 Endsleigh, Ypsilanti. 1487 square feet with 2 bedrooms and 2.1 baths.
  • $209,000. 5635 Hampshire Ln., Ypsilanti. 1316 square feet with 2 bedrooms and 2.1 baths.
  • $205,000. 5709 Hampshire Ln., Ypsilanti. 1487 square feet with 2 bedrooms and 2.1 baths.
  • $205,000. 5706 Wellesley Ln., Ypsilanti. 1318 square feet with 2 bedrooms and 2.1 baths.
  • $205,000. 5678 Hampshire Ln., Ypsilanti. 1341 square feet with 2 bedrooms and 2.0 baths.
  • $200,000. 3366 Endsleigh Ln. #197, Ypsilanti. 1341 square feet with 2 bedrooms and 2.0 baths. Sold by The Bouma Group
  • $189,000. 5746 Hampshire Ln., Ypsilanti. 1341 square feet with 2 bedrooms and 2.0 baths. Listed by The Bouma Group

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

Currently, the average sale price of condos at Wellesley Gardens is $200,031, which is an increase of 9% compared to the ASP in 2016. The average price per square foot for the 16 condos sold in 2017 is $142.00, which is an increase of 8% in comparison to the A$/SF of $131.00 in the previous year. For more details and information about Wellesley Gardens, contact the condo specialists with The Bouma Group at (734)761-3060 or email info@bouma.com. View the previous market report for Wellesley Gardens here!

2017 Year End Review for Washtenaw County Real Estate

Washtenaw County Real Estate Report for 2017Washtenaw County Annual Real Estate Report for 2017

2017 was another very competitive year for the real estate market in Washtenaw County.  Continued strong employment growth which creates demand, along with historically low interest rates and a shrinking inventory has fueled an increase in average sales price for the 8th year in a row.  Average sales prices in Washtenaw County bottomed out in 2009 at $182,287 and since then have increased in value by 66% to $303,087.   Meanwhile, the average sales price for a home in Ann Arbor increased to $422,667, a 7.8 % increase over last year.

In spite of the low inventory, we have begun to see some mixed signals.  While active listings remain in short supply, we are seeing a decrease in the pace of sales, a reluctance by buyers to enter into multiple offer situations, a lack of over list price offers, buyer’s remorse after an offer is bottom-lined, and buyers negotiating very hard after the building inspection.  Because buyers are paying top dollar, they become very intolerant of any problems that may arise during the building inspection.  The market also remains susceptible to wider changes in the economic landscape, with slowly increasing interest rates, new construction coming to the market, key tax plan changes, and the anxiety that comes from 8 years of strong price increases and buying at the top of the market. Continue reading

Walden Hills, Ann Arbor Condominium Report for 2017

Walden Hills Year End Condo Report – 2017Walden Hills Condos, Ann Arbor, MI

In 2017, Walden Hills sold a total of 18 condos. The sales decreased by 7 condos compared to the previous year. Offers that were both above and below the listing price were accepted which shows negotiations between buyers and sellers.

Sold Condos:

  • $163,000. 2152 Pauline Blvd. #307, Ann Arbor. 1173 square feet with 2 bedrooms and 2.0 baths.
  • $150,000. 124 Maple Rd. #107, Ann Arbor. 1173 square feet with 2 bedrooms and 2.0 baths.
  • $146,000. 2150 Pauline Blvd. #301, Ann Arbor. 1173 square feet with 2 bedrooms and 2.0 baths.
  • $140,000. 2150 Pauline Blvd. #203, Ann Arbor. 1173 square feet with 2 bedrooms and 2.0 baths.
  • $138,000. 2142 Pauline Blvd. #301, Ann Arbor. 1173 square feet with 2 bedrooms and 2.0 baths.
  • $124,500. 2120 Pauline Blvd. #205, Ann Arbor. 929 square feet with 2 bedrooms and 1.0 baths.
  • $121,000. 2104 Pauline Blvd. #107, Ann Arbor. 1173 square feet with 2 bedrooms and 2.0 baths.
  • $112,000. 2142 Pauline Blvd. #204, Ann Arbor. 927 square feet with 1 bedroom and 1.0 baths.

For a complete list of Sold Condos at Walden Hills in 2017, contact us at (734)761-3060

Currently, the average sale price of condos at Walden Hills is $121,452, which is a large increase of 27.5% compared to the ASP in 2016. The average price per square foot for the 18 condos sold in 2017 is $116.00, which is an increase of 17% in comparison to the A$/SF of $99.00 in 2016. For more details and information about Walden Hills, contact the condo specialists with The Bouma Group at (734)761-3060 or email info@bouma.com. View the previous market report for Walden Hills here!

Traver Lakes, Ann Arbor Condominium Report for 2017

Traver Lakes Year End Condo Report – 2017Traver Lakes Condos, Ann Arbor, MI

In 2017, Traver Lakes sold a total of 5 condos; 1 of which The Bouma Group was involved with. The sales increased by 3 condos compared to 2016. Offers that were both above and below listing price were accepted, which shows negotiation between buyers and sellers.

Sold Condos:

  • $277,000. 2535 Meade Ct., Ann Arbor. 1420 sq. ft., + 600 in finished lower level, 3 bedrooms and 2.1 baths. Sold by The Bouma Group
  • $272,000. 2527 Meade Ct., Ann Arbor. 1496 sq. ft., + 350 in finished lower level, 3 bedrooms and 2.1 baths.
  • $249,000. 2605 Meade, Ann Arbor. 1500 square feet with 3 bedrooms and 2.2 baths.
  • $230, 564. 2640 Traver Blvd., Ann Arbor. 1500 sq. ft., + 712 in finished lower level, 3 bedrooms and 2.2 baths.
  • $200,000. 2607 Meade Ct., Ann Arbor. 1420 sq. ft., + 500 in finished lower level, 3 bedrooms and 2.1 baths.

Currently, the average sale price of condos at Traver Lake is $245,713, which is increase of 11% compared to the ASP in 2016. The average price per square foot for the 5 condos sold in 2017 is $167.00, which is an increase of 10.5% in comparison to the A$/SF of $151.00 in 2016. For more details and information about Traver Lake, contact the condo specialists with The Bouma Group at (734)761-3060 or email info@bouma.com. View the previous market report for Traver Lake here!

Valley Ranch, Ann Arbor Condominium Report for 2017

Valley Ranch Year End Condo Report – 2017Valley Ranch Condos, Ann Arbor, MI

In 2017, Valley Ranch sold a total of 2 condos; 1 of which The Bouma Group was involved with. The sales increased by 1 condo compared to 2016. Both offers were below the listing price and were accepted, making the process of purchasing easier for buyers.

Sold Condos:

  • $360,000. 3779 Bridle Pass, Ann Arbor. 1669 sq. ft., + 1056 in finished lower level, 3 bedrooms and 3.0 baths.
  • $319,250. 3742 Bridle Pass Ct., Ann Arbor. 1669 square feet with 2 bedrooms and 2.0 baths. Listed by The Bouma Group.

Currently, the average sale price of condos at Valley Ranch is $339,625, which is a decrease of 14.5% compared to the ASP in 2016. The average price per square foot for the 2 condos sold in 2017 is $203.00, which is a decrease of 4.5%. in comparison to the A$/SF of $213.00 in the previous year. The 1 condo sold in 2016, had an additional 200 square feet compared to the average of the 2 condos sold in 2017. For more details and information about Valley Ranch, contact the condo specialists with The Bouma Group at (734)761-3060 or email info@bouma.com. View the previous market report for Valley Ranch here!