Archives: August 2018

1309 North Bay Drive, Ann Arbor at Hometown Village

1309 North Bay Drive, Ann Arbor MI 481031309 North Bay Drive, Ann Arbor MI For Sale at Hometown Village

New Listing! Great location with views of the pond for this move in ready home in Hometown Village of Ann Arbor. Features include:

  • 2049 sq. ft., +1000 in the finished walkout lower level, 4 bedrooms and 3.1 baths.
  • Shiny hardwood flooring throughout the living room with fireplace and built-ins, dining area, and kitchen.
  • Vaulted master bedroom suite offers 2 walk-in closets and a private bath.
  • Walk-out lower level features a large rec space, full bath, bedroom and study.
  • More photos and details
  • Virtual tour
  • MLS# 3259176
  • Listed for $398,000

To schedule your private showing or learn more about 1309 North Bay Drive, contact the Ann Arbor Real Estate specialists with The Bouma Group today at 734-761-3060 or info@bouma.com. View photos and amenities for Hometown Village of Ann Arbor here!

Kirkway of Scio, Ann Arbor Real Estate Update

Kirkway of Scio Real Estate Report – August 2018

Kirkway of Scio is a recent Ann Arbor neighborhood in a tranquil setting; the homes look sophisticated especially with the tree lined streets. There are currently 2 homes listed for sale and so far this year, 1 has sold.Kirkway of Scio subdivision, Ann Arbor MI

Homes for Sale:

  • $469,900. 320 Sedgewood Ln., Ann Arbor. 2487 sq. ft., + 1037 in finished lower level, 5 bedrooms and 3.1 baths.
  • $389,900. 360 Sedgewood Ln., Ann Arbor. 2375 square feet with 4 bedrooms and 2.1 baths.
  • $369,900. 388 Sedgewood Ln., Ann Arbor. 2377 square feet with 4 bedrooms and 2.1 baths.

Sold Homes:

  • $466,600. 308 Sedgewood Ln., Ann Arbor. 2697 sq. ft., + 1100 in finished lower level, 6 bedrooms and 3.1 baths.

Last year at Kirkway of Scio subdivision, 4 homes sold with an average sale price of $376,250 and an average price per square foot of $170.00. The 1 home sold this year have an ASP of $466,600, up a considerable 24%, and an A$/SF of $174.00, up slightly. To learn more about home values at Kirkway of Scio, contact the real estate experts with The Bouma Group at (734)761-3060 or email info@bouma.com. View more Ann Arbor neighborhoods here!

 

How to Sell Your Home During Back-to-School Season: A Complete Guide

As summer draws to a close, so dawns every parent’s favorite season: the beginning of another school year. This time of year can be hectic for every parent, but it may become especially overwhelming if you’re also trying to sell your home.

Don’t worry, though! We’re here to help. We’ve come up with a bonafide game plan to help you sell your home, handle back-to-school season, and maintain your sanity. Ready to learn more?

Here’s what you need to do:

Prepare a Fresh Start with Staging

Bright kitchen interior.The first step to staging a home is to create a blank canvas. After all, you want potential buyers to be able to picture their lives in your home. To do that, you’ll need to take down any personal artwork, decorations, or mementos—school accomplishments, artwork your kiddos may have made for you, personal school pictures, and anything else.

While this may seem like a bummer, it is essential to selling your home.

We have a top notch staging company that provides a free consultation to all of our sellers! Call us for more info at 734-761-3060

Continue reading

711 Wildwood Lane, Ann Arbor Home on 14 Acres

711 Wildwood Lane, Ann Arbor MI 48103711 Wildwood Lane, Ann Arbor MI Home with Acreage

Off Market! A horse lovers dream home on almost 14 acres with 4 pastures and a 3 stall horse barn. Details include:

  • 2779 square feet with 3 bedrooms and 2.1 baths.
  • Soaring 2-story great room has a floor-to-ceiling field stone fireplace and skylights.
  • Desirable first floor master suite boasts a tray ceiling, new carpet, huge closet, and spa-like bath w/ heated floor.
  • Large deck is surrounded by trees and looks over the stunning property.
  • More photos and features
  • Virtual tour
  • MLS# 3258836
  • Listed for $539,900

For a private showing for 711 Wildwood Lane, or to learn more about this amazing property, contact the real estate specialists with The Bouma Group today at 734-761-3060 or email info@bouma.com.

4317 Pine Ridge Court, Ann Arbor Condo at The Arbors

4317 Pine Ridge Court, Ann Arbor MI 481054317 Pine Ridge Court, Ann Arbor MI Condo at The Arbors

Sold! Move right in to this 2 story unit located in the resort like The Arbors condo complex. Features include:

  • 1286 sq. ft., +702 in the finished lower level, 2 bedrooms and 1.1 baths.
  • Soaring 2-story living room with fireplace and sliding doors to the deck.
  • Master bedroom has a vaulted ceiling, dual closets and a private bath.
  • Complex offers a community pool, hot tub, clubhouse, and tennis courts.
  • More photos and features
  • Virtual tour
  • MLS# 3259047
  • Listed for $305,000

To schedule a private showing or learn more about 4317 Pine Ridge Court, contact the Ann Arbor Condo specialists with The Bouma Group today at 734-761-3060 or email info@bouma.com. See photo and details for The Arbors condo community here!

 

5520 Gallery Park, Ann Arbor MI Condo for Sale

5520 Gallery Park, Ann Arbor MI 481035520 Gallery Park Drive, Ann Arbor MI Condo

SOLD! Beautifully decorated condo with pond views in Scio Township’s Gallery Park complex. This immaculate unit offers:

  • 2335 sq. ft., + 800 in the finished lower level, 2 bedrooms and 3.1 baths.
  • Soaring vaulted living room has a cozy fireplace and adjoining dining area.
  • Desirable first floor master suite, study, and laundry room.
  • Lower level is finished with a large family/rec room and full bath.
  • More photos and features
  • Virtual tour
  • MLS# 3259134
  • Listed for $379,900

To request more information or a private showing for 5520 Gallery Park, contact the Ann Arbor Condo specialists with The Bouma Group, Realtors today at 734-761-3060 or info@bouma.com. View photos and amenities for Gallery Park condo complex here!

Ann Arbor Condo Report – July 2018

Ann Arbor Condo Prices Surge Compared to Last July

Ann Arbor Condo Report Chart for July

In all aspects, Ann Arbor condos have seen an increase in pricing compared to last year. Comparative to July 2017, the amount of new units listed is increased a staggering 61%, from 59 condos to 95 entered this July. The average listing price has also greatly increased from $278,100 to $415,405 since last July, which is a considerable 49.4%. Despite the dramatic rise in available inventory, the difference in amount of sales has increased only a mere 3% compared to the prior July, 62 sold condos versus 64. Sale prices, however, have managed to ascend from $248,766, on average, to $323,768. The difference in average sale prices for July between this year and last is 30%. On average, condos are on the market for 16 days. Looking at year to date statistics, there has also been a rise in pricing. So far this year, the average listing price is $355,552, and this is a 21.5% increase in comparison to the ALP of $292,734 at this time last year. In Ann Arbor, 503 condos have sold thus far versus 488 in July 2017; this creates an increase of 4.1%. Unfortunately there has been a 21% decline in the amount of sold units thus far in 2018, from 386 sold condos to 305. The average sale price for condos so far this year is $290,733 which is a rise of 16% in comparison to last year’s ASP of $250,719. Overall, it is a seller’s market for Ann Arbor condos, especially for more affordable condos sold under $400k. Condos that are more than $400k are considered to be part of a buyer’s market though.

Ann Arbor condos are very close to being in a balanced market, which would be more favorable for both sellers and buyers. Whether you are looking to buy or sell a condominium, contact the specialists with The Bouma Group at (734)761-3060 or email info@bouma.com. For more updated knowledge on the Ann Arbor market, check back here!

1652 Scio Ridge, Ann Arbor Home in The Ravines

1652 Scio Ridge, Ann Arbor MI 481031652 Scio Ridge, Ann Arbor MI Home for Sale at The Ravines Subdivision

Sold! Spacious 2-story with a convenient location in popular The Ravines subdivision. The home offers:

  • 2033 sq. ft., +960 in finished lower level, 4 bedrooms and 2.1 baths.
  • Gorgeous Brazilian walnut hardwood flooring throughout the main level.
  • Kitchen has shiny granite counters, a center island, and premium appliances.
  • Family room with built-in home theater system, an office, and storage in the finished lower level.
  • More photos and features
  • MLS# 3259137
  • Listed for $414,900

For more information or to schedule a private showing for 1652 Scio Ridge, contact Ann Arbor’s premier Realtor at The Bouma Group today at 734-761-3060. See photos and amenities for The Ravines subdivision here!

 

8068 Creek Bend Drive, Ypsilanti Township Home in Upscale Neighborhood

8068 Creek Bend Drive, Ypsilanti MI 481978068 Creekbend Drive, Ypsilanti MI Home for Sale at Partridge Creek

New Listing! Stately home with all of the extras located in the desirable, upscale Preserves section of Partridge Creek. Features include:

  • 2422 sq. ft., +1244 in the finished lower level, 4 bedrooms and 2.1 baths.
  • Soaring 2-story foyer with hardwood flooring and elegant wainscoting.
  • Family room has a cozy brick fireplace flanked by windows.
  • Vaulted master bedroom suite offers a walk-in closet with organizers and a private bath.
  • More photos and features
  • Virtual tour
  • MLS# 3259428
  • Listed for $312,900

To schedule a private showing for 8068 Creek Bend Drive, or to learn more about this beautiful home, contact the real estate specialists with The Bouma Group at 734-761-3060 or info@bouma.com today!

Ann Arbor Real Estate Report – July 2018

Increased Inventory for Ann Arbor Homes

Ann Arbor Residential Real Estate Report for July 2018

Compared to last month and last July, inventory has increased for Ann Arbor homes. As well, average sale prices have also risen for both this month and so far this year. This July, 7% more listings have been entered compared to the prior July, 146 homes versus 136. The average listing price saw a minimal decline compared to last July, from $491,264 to $490,390. Compared to July 2017, there has been a 5.6%  increase in the amount of homes sold this month from 124 units to 131. Although prices usually decrease with more available inventory, prices have actually risen for July. This month  the average sale price is $443,944, which is an increase of 11.6% compared to the ASP of $397,721 in the previous year. Luckily for home sellers, the average days on the market has decreased to 21 days. So far this year, 1018 homes have been entered into the MLS; this is a 4.3% growth compared to the amount of listings entered at this time last year. Unfortunately, only 655 homes have sold this year which is a slight decrease compared to 2017  which had 663 units sold. The average sale price for homes sold thus far in 2018 is $438,859, this is a slight increase in comparison to the ASP of $428,564 last year. It is still a seller’s market for Ann Arbor single family homes, with a month supply of 4.3. Homes priced from $500k to $800k are considered to be a balanced market. Like always, higher end homes, those above $800k, are a part of a buyer’s market. Continue reading