Category Archives: Ann Arbor Condo Market Updates

Chapel Hill, Ann Arbor Condo Market Report

Chapel Hill Condo Report – February 2017Chapel Hill Condo, Ann Arbor MI 48105

There are currently 0 condos listed for sale at Chapel Hill and in 2016, 24 condos sold.

Sold Condos:

  • $192,000.  3320 Burbank Dr., Ann Arbor. 1401 sq. ft., +300 in finished lower level, 3 bedrooms and 2.1 baths.
  • $190,000.  3182 Bolgos Cir., Ann Arbor. 1430 square feet with 3 bedrooms and 2.1 baths.
  • $188,000.  3502 Burbank Dr., Ann Arbor. 1280 square feet with 3 bedrooms and 2.1 baths.
  • $185,000.  3512 Burbank Dr., Ann Arbor. 1280 square feet with 3 bedrooms and 2.1 baths.
  • $184,500.  3411 Burbank Dr., Ann Arbor. 1456 square feet with 3 bedrooms and 2.1 baths.
  • $178,800.  3110 Bolgos Cir., Ann Arbor. 1280 sq. ft., +300 in finished lower level, 3 bedrooms and 1.2 baths.
  • $169,081.  3270 Bolgos Cir., Ann Arbor. 1401 sq. ft., +300 in finished lower level, 3 bedrooms and 1.1 baths.
  • $160,000. 3273 Bolgos Cir., Ann Arbor. 1138 sq. ft., +200 in finished lower level, 2 bedrooms and 1.1 baths.
  • $155,000.  3115 Bolgos Cir., Ann Arbor. 1188 square feet with 2 bedrooms and 1.1 baths.
  • $141,000.  3389 Burbank, Ann Arbor. 1020 sq. ft., +200 in finished lower level, 2 bedrooms and 1 bath.
    • For a complete list of sold properties, contact us at 734-761-3060

In 2015 at Chapel Hill, 20 homes sold with an average sale price of $165,928 and an average price per square foot of $132.00. The 24 condo sold this year had an ASP of $170,408, up 3%, and an A$SF of $139.00, up 5%. When comparing current values to the low in 2009, the ASP is up 68% from $101,350 and the A$SF is up 76% from 79.04. For more information on Chapel Hill, contact the Ann Arbor Condo specialists with The Bouma Group, Realtors at 734-761-3060 or email info@bouma.com today!

Geddes Lake, Ann Arbor Condo Market Update

Geddes Lake Condo Market Report – February 2017Geddes Lake Condos, Ann Arbor MI 48105

There are currently 4 condos listed for sale at popular Geddes Lake and last year, 29 condos sold.

Condos for Sale:

  • $219,900.  745 Skynob, Ann Arbor. 1516 square feet with 3 bedrooms and 2.1 baths.
  • $219,900.  623 Watersedge, Ann Arbor. 1516 square feet with 3 bedrooms and 2.1 baths. Sale Pending
  • $219,000.  729 Skynob, Ann Arbor. 1516 square feet with 3 bedrooms and 2.1 baths. Sale Pending
  • $199,000.  798 Peninsula Ct., Ann Arbor. 1152 square feet with 2 bedrooms and 1.1 baths. Sale Pending

Sold Condos:

  • $225,900.  799 Skynob, Ann Arbor. 1516 square feet with 3 bedrooms and 2.1 baths.
  • $218,000.  773 Peninsula Ct., Ann Arbor. 1516 square feet with 3 bedrooms and 2.1 baths.
  • $215,500.  683 Skynob, Ann Arbor. 1516 square feet with 3 bedrooms and 2.1 baths.
  • $210,000.  3025 Lakehaven, Ann Arbor. 1516 square feet with 3 bedrooms and 2.1 baths.
  • $207,000.  3041 Lakehaven, Ann Arbor. 1208 square feet with 2 bedrooms and 1.1 baths.
  • $205,000.  628 Peninsula Ct., Ann Arbor. 1516 square feet with 3 bedrooms and 2.1 baths.
  • $199,000.  674 Peninsula Ct., Ann Arbor. 1152 square feet with 2 bedrooms and 1.1 baths.
  • $195,000.  731 Skynob Ct., Ann Arbor. 1516 square feet with 3 bedrooms and 2.1 baths.
  • $192,000.  659 Watersedge, Ann Arbor. 1152 square feet with 2 bedrooms and 1.1 baths. Listed by The Bouma Group
  • $185,000.  738 Watersedge, Ann Arbor. 1208 square feet with 2 bedroom and 1.1 baths.
    • For a complete list of sold condos, contact us at 734-761-3060

In 2015, 28 condos sold with an average sale price of $168,014 and an average price per square foot of $131.00. The 29 units sold in 2016 had an ASP of $185,045, up 10%, and an A$SF of $145.00, up 11%. Values here continue to rise and the ASP is up 89% compared with the low in 2008 of $97,747. View more market statistics, plus photos, amenities, current listings and more for Geddes Lake here! And if you have any questions or would like to learn more about listing your Ann Arbor Condo, contact the real estate specialists with The Bouma Group today at 734-761-3060 or email info@bouma.com today.

Walden Hills Condos, Ann Arbor Market Update

Walden Hills Condo Report – February 2017Walden Hills Condos, Ann Arbor MI 48103

There are currently 0 condos listed for sale at Walden Hills and in 2016, 25 condos sold.

Sold Condos:

  • $117,000.  2152 Pauline Blvd. #105, Ann Arbor. 1173 square feet with 2 bedrooms and 2 baths.
  • $113,900.  2126 Pauline Blvd. #203, Ann Arbor. 1173 square feet with 2 bedrooms and 2 baths.
  • $110,000.  1235 S. Maple #101, Ann Arbor. 1173 square feet with 2 bedrooms and 2 baths.
  • $106,000.  2126 Pauline Blvd. #204, Ann Arbor. 927 square feet with 1 bedroom and 1 bath.
  • $103,800.  2124 Pauline Blvd. #308, Ann Arbor. 927 square feet with 1 bedroom and 1 bath.
  • $101,000.  1245 S. Maple #305, Ann Arbor. 1173 square feet with 2 bedrooms and 2 baths.
  • $99,645.  1315 S. Maple #307, Ann Arbor. 1173 square feet with 2 bedrooms and 2 baths.
  • $99,000.  2142 Pauline Blvd. #304, Ann Arbor. 927 square feet with 1 bedroom and 1 bath. Listed by The Bouma Group
  • $95,000.  2104 Pauline Blvd. #106, Ann Arbor. 927 square feet with 1 bedroom and 1 baths. Sold by The Bouma Group
    • For a complete list of closed sales, contact us at 734-761-3060 or info@bouma.com

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Country Village, Ann Arbor Condo Market Report

Country Village Condo Report – February 2017Country Village Condos, Ann Arbor MI 48103

There are currently 0 active listings at Country Village, a small condo complex on the west side of Ann Arbor. Last year, 2 units sold.

Sold Condos:

  • $250,000.  2542 Country Village, Ann Arbor. 1500 square feet with 4 bedrooms and 3 baths. Listed by The Bouma Group
  • $220,000.  2545 Country Village, Ann Arbor. 1560 square feet with 2 bedrooms and 2.1 baths.

In 2015 at Country Village, 0 units sold and in 2014, 2 units sold with an average sale price of $217,000 and average price per square foot of $162.00. The 2 condos sold last year have an ASP of $235,000, up 8% and an A$SF of 154.00, down 5% (but that may be contributed to improper square footage reporting in tri-level units). For more information on condo prices, new listings, and sold units at Country Village, contact us at The Bouma Group, Realtors today at 734-761-3060 or email info@bouma.com. View all Ann Arbor Condo complexes here!

5746 Hampshire Lane, Ann Arbor Condo for Sale

5746 Hampshire Lane, Ypsilanti MI 481975746 Hampshire Lane, Ypsilanti MI 48197 Ann Arbor Condo at Wellesley Gardens

SOLD! Immaculate, upper level ranch style unit in the well-located Wellesley Gardens condo complex. Features include:

  • 1341 square feet with 2 bedrooms and 2 full baths.
  • Vaulted living room with cozy fireplace.
  • Master bedroom has private bath and walk-in closet.
  • Attached garage and private entry.
  • Ypsilanti mailing, Ann Arbor schools, Pittsfield Twp taxes
  • More photos & features
  • MLS# 3245981
  • Listed for $185,000

To learn more about 5746 Hampshire Lane, or to schedule a private showing, contact the real estate specialists with The Bouma Group at 734-761-3060 or email info@bouma.com. View all Ann Arbor Condo complexes here!

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Ann Arbor Condo Market Update – December 2016

A Great Year for Ann Arbor Condos!

Ann Arbor Condo Market Statistics for December 2016
Everything is looking UP for Ann Arbor Condos! According to the Ann Arbor Area Board of Realtors, in 2016 the number of new listings that came to the market increased from 720 to 771, up 7%. The number of listings sold for the year also increased by 7%, and the average sale price increased by 10.55%, coming in at $228,524 from $206,702 in 2015. The number of days on the market decreased from 34 days to 29 days. The numbers for just the month of December 2016, when compared with the previous December, are fairly similar with the exception of the number of condos sold, which was down slightly- 32 from 36 in 2015.

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Alpine, Ann Arbor Condo Market Report

Ann Arbor Condo Market Report – December 2016Alpine Condos, Ann Arbor MI 48108

It has been a busy year for Alpine condo sales. There are currently 0 units listed for sale and in 2016, 6 units have sold.

Sold Condos:

  • $182,500.  3220 Alpine Drive, Ann Arbor. 1280 square feet, +250 in finished lower level, 2 bedrooms and 2.1 baths.
  • $181,000.  3314 Alpine Drive, Ann Arbor. 1280 square feet with 3 bedrooms and 2.1 baths.
  • $172,000.  3238 Alpine Drive, Ann Arbor. 1280 square feet, +400 in finished lower level, 3 bedrooms and 2.1 baths. Listed by The Bouma Group
  • $170,000.  3204 Alpine Drive, Ann Arbor. 1280 square feet, +500 in finished lower level, 2 bedrooms and 2.1 baths.
  • $163,000.  3318 Alpine Drive, Ann Arbor. 1280 square feet, +640 in finished lower level, 2 bedrooms and 2.1 baths.
  • $161,000.  3224 Alpine Drive, Ann Arbor. 1280 square feet, +450 in finished lower level, 2 bedrooms and 2.1 baths.

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Woodside Meadows, Ann Arbor Condo Market Update

Woodside Meadows Condo Update – December 2016Woodside Meadows Condos, Ann Arbor Real Estate Report

Located on the south side of Ann Arbor in Pittsfield Township, Woodside Meadows is a collection of spacious units in a pastoral setting. There are currently 0 units listed for sale and so far this year, 9 have sold.

Sold Condos:

  • $205,000.  567 Addington Lane, Ann Arbor. 1712 square feet with 3 bedrooms and 2 baths.
  • $174,750.  831 Addington Lane, Ann Arbor. 1427 square feet with 2 bedrooms and 2 baths.
  • $174,000.  735 Addington Lane, Ann Arbor. 1427 square feet with 2 bedrooms and 2 baths. Listed by The Bouma Group
  • $173,000.  1865 Addington Lane, Ann Arbor. 1299 square feet with 2 bedrooms and 2 baths.
  • $171,500.  503 Addington Lane, Ann Arbor. 1217 square feet with 2 bedrooms and 2 baths.
  • $170,000.  615 Addington Lane, Ann Arbor. 1427 square feet with 2 bedrooms and 2 baths.
  • $165,000.  1817 Addington Lane, Ann Arbor. 1217 square feet with 2 bedrooms and 2 baths.
  • $164,700.  983 Addington Lane, Ann Arbor. 1217 square feet with 2 bedrooms and 2 baths.
  • $159,000.  1425 Addington Lane, Ann Arbor. 1299 square feet with 2 bedrooms and 2 baths.

In 2015, 13 condos sold with an average sale price of $162,253 and an average price per square foot of $121.00. The 9 sold this year have an ASP of $172,994, up 7%, and an A$SF of $128.00, up 6%. For more information on values, new listings, and more for Woodside Meadows, contact the real estate specialists with The Bouma Group at 734-761-3060 or email info@bouma.com. View more Ann Arbor Condos here!

Cambridge, Ann Arbor Condo Market Report

Ann Arbor Condo ReportCambridge Condos, Ann Arbor MI Complex

There has been a lot of action at Cambridge condos this year. 7 units have sold leaving no available listings at this time.

Sold Condos:

  • $237,000.  2966 Signature Blvd., Ann Arbor. 1127 sq. ft., +300 in finished lower level, 2 bedrooms and 2 baths.
  • $235,000.  2916 Signature Blvd., Ann Arbor. 1473 sq. ft., +250 in finished lower level, 2 bedrooms and 2 baths.
  • $234,900.  2930 Signature Blvd., Ann Arbor. 1400 sq. ft., +300 in finished lower level, 3 bedrooms and 2 baths.
  • $234,180.  2980 Signature Blvd., Ann Arbor. 1488 square feet with 2 bedrooms and 2 baths.

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Ann Arbor Condo Market Update – October 2016

Higher Priced Condos are Selling

Ann Arbor Condo Market Statistics for October 2016
Ann Arbor Condos in the higher price ranges have been selling fairly quickly this year. In the $500,000-$1,000,000 price range, of the 13 condos listed for sale, 7 are new construction and 6 of those are under contract with a buyer. Typically the higher price points are slower to sell, but there have been 23 sales year-to-date and it is a balanced market with a 6.8 month supply. The overall condo market is faring well, with 585 units selling year-to-date, compared with 546 this time last year. The average sale price has increased 10% to $225,800. It remains a seller’s market with a 2.5 month supply of condo listings.

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