Balmoral Park, Ann Arbor Condo Market Update

Balmoral Park Condo Update – November 2015Balmoral Park Condos, Ann Arbor MI

Balmoral Park has seen significant gains in condo values since the real estate downturn in 2010. There are currently 2 units listed for sale, and so far this year 4 have sold.

Condos for Sale:

  • $268,900.  241 W. Oakbrook, Ann Arbor. 1250 sq. ft., +200 in finished lower level, 3 bedrooms, 2.1 baths.
  • $259,900.  215 W. Oakbrook, Ann Arbor. 1250 sq. ft., +100 in finished lower level, 2 bedrooms, 2 baths. Listed by The Bouma Group

Sold Condos:

  • $280,000.  247 W. Oakbrook, Ann Arbor. 1495 sq. ft., +216 in finished lower level, 2 bedrooms, 2 baths.
  • $271,000.  224 W. Oakbrook, Ann Arbor. 1250 sq. ft., +400 in finished lower level, 2 bedrooms, 2.1 baths.
  • $259,900.  243 W. Oakbrook, Ann Arbor. 1470 sq. ft. +624 in finished lower level, 2 bedrooms, 2 baths.
  • $222,500.  137 W. Oakbrook, Ann Arbor. 1250 sq. ft. +180 in finished lower level, 2 bedrooms, 2 baths.

Last year at Balmoral Park, 9 condos sold with an average sale price of $248,822 and average price per square foot of $173. The 4 that have sold this year have an ASP of $258,125, up 4%, and an A$SF of $258,125, up 10%. Compared with 2010, the ASP is up 40% and the A$SF is up 48%! If you are an owner at Balmoral Park, now is a great time to sell! For a more in-depth analysis of this complex, or a CMA for your condo, contact the Real Estate specialists with The Bouma Group at 734-761-3060 or email info@bouma.com today!

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