Archives: November 15, 2020

Barton Hills Subdivision, Ann Arbor Real Estate Update

Barton Hills Real Estate Report – November 2020

Look no further than Barton Hills, if you are pursing luxurious living in Ann Arbor. Not only is each home exquisite and on a fully private lot, but the prestigious Barton Hills Country Club is also incorporated. Currently, 1 home is listed for sale and so far this year, 3 have sold.

Home for Sale:

  • $1,075,000. 480 Hillspur Road, Ann Arbor. 4885 square feet with 6 bedrooms and 3.1 baths.

Homes Sold in 2020:

  • $850,000. 490 Barton Shore Drive, Ann Arbor. 2737 sq. ft., + 850 in the finished lower level; 3 bedrooms and 2.0 baths.
  • $819,000. 691 Spring Valley Road, Ann Arbor. 2538 sq. ft., + 500 in the finished lower level; 3 bedrooms and 2.1 baths.
  • $550,000. 375 Barton North Drive, Ann Arbor. 3014 square feet with 4 bedrooms and 2.1 baths.

Last year at Barton Hills, 4 homes sold with an average sale price of $1,962,650 and an average price per square foot of $298.31. The 3 homes that have sold so far have an ASP of $739,667, down a significant 62.3%, and an A$/SF of $271.91, down only 8.8%. To learn more about home values at Barton Hills, contact the real estate specialists with The Bouma Group at (734)761-3060 or email info@bouma.com. Discover more Ann Arbor homes here!

Ann Arbor Real Estate Report – October 2020

Average Days on the Market Drop 38%

While this October saw a similar amount of new inventory for Ann Arbor homes at 140, which was only 1 more than last year; listing prices increased by 18.5% from $457,567 to $542,165 recently. Luckily for buyers, the average selling price did not experience as much of a rise at $513,272, a 9.8% increase from $467,554 the previous October. A total of 105 homes sold, and this is only down minimally compared to before. Sellers will be happy to learn that the average days on the market decreased significantly from 47 to 29 more recently – a 38.3% drop.

Overall year-to-date statistics have less inventory with higher prices. 1537 homes have been entered into the multiple listings service, and this is a 7.7% decline from last year at this time when 1665 homes had been added. The average selling price for homes so far this year increased by 6.9%, from $489,737 to $523,597. There was a difference of 10.6% for sold homes, 1096 versus 980 currently. In 2019 in October, the average listing price was $459,455 and compared to $470,356 now, this is only a slight increase.

The Bouma Group is here to help you with all of your housing needs, contact the real estate experts at (734)761-3060 or email info@bouma.com for any questions or curiosities! View our current listings and Ann Arbor homes here!