All posts by Martin Bouma

Ann Arbor Condo Market Update – February 2017

It’s Time to List Your Ann Arbor Condo!

Ann Arbor Condo Statistics for February 2017

As we are closing in on the Spring condo market, Ann Arbor is in desperate need of listings! At the end of February, there were 143 units for sale, compared with 153 in 2016, and 160 in 2015. Ann Arbor condos are selling faster than ever with the average days on the market dropping from 45 in 2016 to 33 this year. The number of units sold year-to-date has decreased a bit, with 64 condos sold compared with 69 this time last year. This is most likely attributed to less condos available for purchase. We generally see inventory begin to pick up in March and April as the weather warms up. Once you get over the $500,000 price point, inventory is greater. Over $1,00,000, there are 8 condos for sale – 6 of them new construction in downtown Ann Arbor – and only 1 unit is under contract with a buyer.

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Arbor Woods, Ann Arbor Real Estate Report

Arbor Woods Real Estate Report – March 2017Arbor Woods Subdivision, Ann Arbor MI Neighborhood

There are currently 0 homes listed for sale at Arbor Woods subdivision and last year, 2 homes sold.

Sold Homes:

  • $266,000.  3097 Hawks Ave., Ann Arbor. 1564 sq. ft., +800 in finished lower level, 3 bedrooms and 2.2 baths.
  • $248,000.  3113 Hawks Ave., Ann Arbor. 1901 sq. ft., +200 in finished lower level, 4 bedrooms and 3.1 baths.

In 2015, 5 homes sold with an average sale price of $235,000 and an average price per square foot of $139.00.  The 2 sold last year have an ASP of $257,000, up 9%, and an A$SF of $150.00, up 8%. To keep up with new listings, market statistics, and more for Arbor Woods, visit the neighborhood webpage or contact us at The Bouma Group, Realtors at 734-761-3060 or email info@bouma.com. Thinking of listing your home? Find out what it’s worth here!

The Ravines, Ann Arbor Real Estate Report

The Ravines Real Estate Report – March 2017The Ravines Subdivision, Ann Arbor Neighborhood in Scio Township

There are currently 0 homes listed for sale at The Ravines subdivision and in 2016, 3 homes sold.

Sold Homes:

  • $364,000.  1562 Abigail Way, Ann Arbor. 2256 sq. ft., +850 in finished lower level, 4 bedrooms and 3.1 baths.
  • $351,750.  1633 Abigail Way, Ann Arbor. 2204 sq. ft., +846 in finished lower level, 4 bedrooms and 3.1 baths.
  • $330,100.  1538 Scio Ridge, Ann Arbor. 2198 sq. ft., +1120 in finished lower level, 4 bedrooms and 2.1 baths.

Home values have steadily risen at The Ravines since the low in 2008 when the average sale price was $234,966 and the average price per square foot was $115.00. The 3 homes sold last year have an ASP of $348,617, up 48%, and an A$SF of $157.00, up 37%. To learn more about this Scio Township neighborhood, contact The Bouma Group, Realtors today at 734-761-3060 or email info@bouma.com, we’ve sold many homes in this community. View more statistics for The Ravines neighborhood here!

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Lake Forest Highlands, Ann Arbor Market Report

Lake Forest Highlands, Ann Arbor Market Report – March 2017Lake Forest Highlands Subdivision, Ann Arbor MI Neighborhood

There are currently 0 homes listed for sale at Lake Forest Highlands and last year, 8 homes sold.

Sold Homes:

  • $485,000.  3648 Highlander Way E., Ann Arbor. 2264 sq. ft., +700 in finished lower level, 3 bedrooms and 3.1 baths. Sold by The Bouma Group
  • $447,000.  3872 Steamboat Ct., Ann Arbor. 2380 sq. ft., +1200 in finished lower level, 4 bedrooms and 3.1 baths.
  • $440,000.  3941 Steamboat Ct., Ann Arbor. 2559 square feet with 4 bedrooms and 2.1 baths.
  • $438,500.  3943 Highlander Way E., Ann Arbor. 2315 sq. ft., +700 in finished lower level, 5 bedrooms and 2.1 baths.
  • $410,000.  2327 Sun Valley, Ann Arbor. 2350 sq. ft., +800 in finished lower level, 4 bedrooms and 2.2 baths.
  • $410,000.  3957 Highlander Way E., Ann Arbor. 2102 square feet with 4 bedrooms and 2.1 baths.
  • $401,000.  3920 Highlander Way W., Ann Arbor. 2112 sq. ft., +600 in finished lower level, 4 bedrooms and 2.1 baths.
  • $386,000.  2286 Sun Valley, Ann Arbor. 2123 sq. ft., +800 in finished lower level, 3 bedrooms and 2.1 baths.

In 2015, 5 homes sold with an average sale price of $403,500 and an average price per square foot of $168.00.  The 8 homes sold last year have an ASP of $427,188, up 6%, and an A$SF of $188.00, up 12%. Homes values at Lake Forest Highlands have continued to rise at a steady pace since the low in 2009/2010. To learn more about this Ann Arbor subdivision or to be immediately notified when a new property is listed, contact us at The Bouma Group, Realtors today at 734-761-3060 or email info@bouma.com.

Meadowinds Subdivision, Ann Arbor Market Report

Meadowinds, Ann Arbor Subdivision Report – March 2017Meadowinds Subdivision, Ann Arbor MI Neighborhood

There are currently 0 homes listed for sale at Meadowinds subdivision and so far this year, 1 home has sold. In 2016, 5 homes sold.

Sold Home in 2017:

  • $366,000.  1818 Harley Drive, Ann Arbor. 2496 square feet with 4 bedrooms and 2.1 baths.

Sold Homes in 2016:

  • $432,500.  1767 Harley Drive, Ann Arbor. 2756 sq. ft., +735 in finished lower level, 3 bedrooms and 3.1 baths.
  • $430,000.  2854 Windside Ct., Ann Arbor. 2469 square feet with 5 bedrooms and 3 baths.
  • $410,000.  1893 Harley Drive, Ann Arbor. 2664 sq. ft., +1500 in finished lower level, 4 bedrooms and 3.1 baths.
  • $395,000.  1809 Harley  Drive, Ann Arbor. 2729 sq. ft., +1000 in finished lower level, 4 bedrooms and 3.1 baths. Sold by The Bouma Group
  • $385,000.  2870 Windside Ct., Ann Arbor. 2278 square feet with 4 bedrooms and 2.1 baths.

In 2015, 5 homes sold with an average sale price of $387,880 and an average price per square foot of $168.00.  The 5 sold last year have an ASP of $410,000, up 6%, and an A$SF of $160.00, up slightly.  We will continue to track to price trends at Meadowinds, so be sure to check back here often. The Bouma Group has been selling Ann Arbor Real Estate for more than 30 years and we know this market better than anyone. See more neighborhood information here!

Kirkway of Scio, Ann Arbor Subdivision Report

Kirkway of Scio Subdivision Report – March 2017Kirkway of Scio, Ann Arbor Subdivision and Neighborhood Market Report

There are currently 2 homes listed for sale at Kirkway of Scio and in 2016, 2 homes sold.

Homes for Sale:

  • $399,000.  336 Sedgewood Ln, Ann Arbor. 2577 square feet with 4 bedrooms and 2.1 baths
  • $349,900.  380 Sedgewood Ln, Ann Arbor. 1628 square feet with 3 bedrooms and 2 baths.

Sold Homes:

  • $338,000.  376 Sedgewood Ln, Ann Arbor. 2003 square feet with 3 bedrooms and 2.1 baths. Listed by The Bouma Group
  • $334,000.  6505 Wisteria Trace, Ann Arbor. 2357 square feet with 4 bedrooms and 2.1 baths. Listed by The Bouma Group

In 2015, 2 homes sold with an average sale price of $323,000 and an average price per square foot of $146.  The 2 homes sold last year have an ASP of $336,000, up 4%, and an A$SF of $155, up 6%. The Bouma Group has sold many homes in Kirkway of Scio and know this Ann Arbor neighborhood very well. If you would like to learn more about real estate values, what your home may be worth, or the home buying process, give us a call at 734-761-3060 or email info@bouma.com today!

 

Ann Arbor Real Estate Market Update – February 2017

The Spring Real Estate Market Starts Now!

Ann Arbor Real Estate Statistics for February 2017

Due to a huge lack of listing inventory, Ann Arbor is in a strong seller’s market with a 2.5 month supply of homes for sale. This is the lowest it has been for February since long before the real estate recovery started, when it was a consistent buyer’s market. The buyer pool remains very strong with a growing job market, low interest rates, and millennials starting to purchase homes. At the end of February, there were 279 homes listed for sale compared with 313 listings last year. The lack of inventory is pushing values upward as buyers compete for listings in their price range.

The spring market is here, now is the perfect time to get your home listed for sale! With this lower than average inventory, homes in great condition are selling quicker than ever. For more information about selling or purchasing an Ann Arbor home, contact the  Ann Arbor real estate specialists at The Bouma Group today at 734-761-3060 or info@bouma.com. We have statistics for all Ann Arbor subdivisions, specific price points and more! And be sure to visit our website at www.bouma.com where you can search for homes in the Ann Arbor MLS, view information for all Ann Arbor condos,  or read our informative Ann Arbor real estate blog for buyers and sellers.Save

Silverleaf Estates, Ann Arbor Real Estate Report

Silverleaf Estates Real Estate Report – March 2017Silverleaf Estates Subdivision, Ann Arbor Schools with Ypsilanti Mailing Address

With Ann Arbor schools and an Ypsilanti mailing address, the Silverleaf Estates subdivision has grown over the past few years as building continues. There is currently 1 home listed for sale and in 2016, 6 homes sold.

Home for Sale:

  • $339,999.  4285 Cherry Blossom Drive. 2122 square feet with 3 bedrooms and 2.1 baths. Sale Pending

Sold Homes:

  • $355,000.   4573 Cherry Blossom Drive. 3086 square feet with 5 bedrooms and 2.1 baths.
  • $350,000.  4334 Silverleaf Drive. 2860 square feet with 4 bedrooms and 2.1 baths.
  • $300,000.  4477 Cherry Blossom Drive. 2130 square feet with 3 bedrooms and 2.1 baths.
  • $287,500.  4647 Cherry Blossom Drive. 2132 square feet with 4 bedrooms and 2.1 baths.
  • $271,000.  4192 Persimmon Drive. 2623 square feet with 4 bedrooms and 2.1 baths.
  • $241,000.  4092 Silverleaf Drive. 2569 sq. ft., +800 in the finished lower level, 4 bedrooms and 2.1 baths.

In 2015 at Silverleaf Estates, 11 homes sold with an average sale price of $297,700 and an average price per square foot of $115.00. The 6 homes sold last year have an ASP of $300,750 and an A$SF of $118.00, both up slightly. The homes values have increased significantly since the low in 2009 when the ASP was $169,560, up 77%, and the A$SF was $75.00, up 57%. For more information on the Silverleaf Estates neighborhood, contact us, the Ann Arbor Real Estate specialists at The Bouma Group at 734-761-3060 or email info@bouma.com. Thinking of listing your home? Find out what it’s worth here!

Brookview Highlands, Saline Neighborhood Report

Brookview Highlands Neighborhood Report – March 2017Brookview Highlands, Saline MI Neighborhood

There are currently 5 homes listed for sale at Brookview Highlands and in 2016, 6 homes sold.

Homes for Sale:

  • $935,000.  2447 Windmill Way, Saline.  4743 sq. ft., +2100 in finished lower level, 4 bedrooms and 4.1 baths.
  • $899,900.  1927 Brookview Dr., Saline. 4646 sq. ft., +1700 in finished lower level, 5 bedrooms and 4.1 baths. Sale Pending
  • $724,000.  1819 Brookview Dr., Saline. 3621 sq. ft., +1800 in finished lower level, 5 bedrooms and 4.1 baths.
  • $499,900.  2290 Windmill Way, Saline. 3018 square feet with 4 bedrooms and 3.1 baths.
  • $426,000.  1967 Brookview, Saline. 2832 sq. ft., +1200 in finished lower level, 3 bedrooms and 2.1 baths.

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Arbor Heights, Ann Arbor Condo Market Report

Arbor Heights Condo Market Report – March 2017Arbor Heights Condos, Ann Arbor MI

There is currently 1 unit listed for sale at Arbor Heights and so far this year,

Condo for Sale:

  • $59,900.  4214 Packard #1, Ann Arbor. Studio condo with 432 square feet with 1 bath.

Sold Condos:

  • 63,500.  4218 Packard St., Ann Arbor. 768 square feet with 2 bedrooms and 1 bath.

Last year at Arbor Heights, 3 condos sold with an average sale price of $62,833 and an average price per square foot of $82.00.  The unit sold this year has an ASP of $63,500 and an A$SF of $83.00, both up slightly. For more information on condo life at Arbor Heights, or for immediate notification when a new listing comes to the market, contact us at The Bouma Group, Realtors today at 734-761-3060 or email info@bouma.com. View more Ann Arbor Condo complexes here!

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