Archives: May 2018

Boulder Ridge, Ann Arbor Neighborhood Report

Boulder Ridge Real Estate Report – May 2018

Boulder Ridge is a bustling Ann Arbor neighborhood located in a prime area near a plethora of amenities, including shops, restaurants, recreational facilities and major roadways. Homes are larger and have nice features such as full basements and 2 car garages. There are currently 2 homes listed for sale and so far this year, 1 has sold.Boulder Ridge Subdivision, Ann Arbor MI

Homes for Sale:

  • $389,500. 2244 Spring Ridge, Ann Arbor. 1805 sq. ft., + 378 in finished lower level, 3 bedrooms and 2.1 baths.
  • $369,900. 2660 Aspen Ridge Dr., Ann Arbor. 1854 sq. ft., + 678 in finished lower level, 3 bedrooms and 2.0 baths. Sale Pending

Sold Homes:

  • $319,800. 2803 Green Valley Dr., Ann Arbor. 1482 square feet with 3 bedrooms and 1.1 baths.

Last year at Boulder Ridge, 3 homes sold with an average sale price of $414,000, and an average price per square foot of $167.00. The 1 home sold this year had a sale price of $319,800, down 23%, and the price per square foot was $216.00, up 29%. To learn more about home values at Boulder Ridge, contact the real estate specialists with The Bouma Group at (734)761-3060 or email info@bouma.com. View more Ann Arbor neighborhoods here!

3656 Whispering Oaks, Ann Arbor Home in Briar Hill

3656 Whispering Oaks, Ann Arbor MI 481083656 Whispering Oaks Drive, Ann Arbor MI Home at Briar Hill subdivision

SOLD! Spacious contemporary style home with a lush back yard in Briar Hill subdivision close to shopping, restaurants, freeways and more. Details include:

  • 3066 square feet of living space with 4 bedrooms and 3 baths.
  • Vaulted living room, gracious formal dining room, and family room with fireplace and coffered ceiling.
  • Kitchen has a hardwood floor, stainless appliances, center island, built-in desk, dining space.
  • More photos & features
  • MLS# 3257015
  • Listed for $499,900

For more information on 3656 Whispering Oaks Drive or to schedule a private showing, contact the Ann Arbor Realtors with The Bouma Group at 734-761-3060 or info@bouma.com. View photos and details for Briar Hill subdivision here!

1946 Boulder Drive, Ann Arbor Condo at Huron Chase

1946 Boulder Drive, Ann Arbor MI 481041946 Boulder Drive, Ann Arbor MI 48104 Condo at Huron Chase

Just Listed! Beautifully updated Huron Chase condo with so much space! Features include:

  • 1890 sq. ft., + 900 in the finished walk-out, 2 bedrooms and 2.2 baths.
  • Contemporary kitchen is completely remodeled from head to toe.
  • Luxurious master suite offers a vaulted ceiling, cozy fireplace, 2 walk-in closets, and a private bath.
  • Walk to Whole Foods, Panera Bread, Walgreens, Barnes and Noble, the Huron Hills golf course and more.
  • More photos and features
  • Virtual tour
  • MLS# 3257018
  • Listed for $599,900

To request a private showing or more information for 1946 Boulder Drive, contact the Ann Arbor Condo specialists with The Bouma Group today at 734-761-3060 or email info@bouma.com. View photos and amenities for Huron Chase here! 

 

Saline Real Estate Report – April 2018

An Increase in Listings and Sales in Saline

Saline Real Estate Report April 2018

In April, Saline Real Estate saw a significant jump of 51% in the amount of listings entered this month compared to April last year, 62 versus 41. The average listing price did decline slightly from $501,642 to $490,153.  A 12% increase in the amount of sales this year equals a 3 home difference, with 28 homes selling in April. Like listing prices, selling prices also saw a decrease. Last year during April, selling prices averaged at $431,895, and this year selling prices averaged 10% lower at $389,144. The average days on the market were extended from 33 days last year to 46 in 2018. But year-to-date statistics rose in general, there were more listings with a higher listing price and higher selling price in comparison to the year prior. The amount of listings thus far increased by 10% compared to last year, from 124 homes listed to 136 homes listed. Listing prices went from $458,838 to $483,633, which is a 5% increase. There was a 6% decline in the amount of homes sold year-to-date, with 74 homes selling so far this year. Presumably because listing prices rose, selling prices also did; so far this year the average price of properties sold increased 11%, $421,314 versus $379,481. Overall, Saline has a balanced market, especially within the 400k to 500k price range. Below 400k would be classified as a seller’s market; whereas above 500k would be considered part of a buyer’s market. Similar trends were also found in the last quarter report, but those in the seller’s market are slowly increasing their current month supply this year.

If Saline continues on this trajectory, it should be a successful year. With more inventory on the market, buyer’s have more options and seller’s must properly evaluate the value of their homes. Whether you are buying or selling, contact the real estate specialists with The Bouma Group at (734)761-3060 or email info@bouma.com. Stay tuned for more market updates here!

Dexter Real Estate Report – April 2018

More Inventory in April for Dexter

Dexter Real Estate Report April 2018

Both the amount of listings entered and sales in April increased this year in Dexter compared to last, and prices saw a minimal decline of less than 0.5%. The number of listings that were entered in April increased a solid 15%, from 34 to 39; and the average listing price was $432,954. With a boost in available inventory, the average days on the market were prolonged to 51 days; in the year prior the average DOM was 31% less at 39 days. Last month, sales also saw a considerable increase from 25 sold homes the year prior to 32 sold homes, which means a 28% increase. The amount of new listing entered year-to-date decreased 7%, 115 versus 107. However, listing prices have rose from $412,317 to $433,210 this year. There was a significant increase of 30% for the number of properties sold thus far compared to April 2017, 79 sold homes versus 61 sold homes. Although only a slight increase, the average selling price for homes sold year-to-date rose as well, from $372,861 to $379,587 which is an increase of 2%. Overall, it is a seller’s market for Dexter, particularity below the 500k price range. Homes that are above 500k are classified as a buyer’s market, especially for higher end homes that are priced and sold above 800k.

In comparison to the last quarterly report for Dexter, the current month supply is gradually declining, which could mean that there will continue to be a seller’s market. Whether you are looking to buy or sell your home, contact the real estate specialists with The Bouma Group at (734)761-3060 or email info@bouma.com. Check back here to stay updated on the Dexter market!

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 $449,900

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 $425,000

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

SOLD! 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!