Category Archives: Ann Arbor Condo Market Updates

Ann Arbor Condo Market Update – 2nd Quarter 2017

Ann Arbor Condo Market Update

Ann Arbor Condo Statistics for June 2017

Ann Arbor Condos remain in a seller’s market with a 3.4 month supply of listings at the end of the second quarter of 2017. In fact, it has been a seller’s market since May of 2013 when it was briefly a balanced market. The trend has been that May has the highest amount of inventory. But even with higher Spring inventory, it still isn’t enough to keep up with buyer demand, which is keeping it a seller’s market. The other side of this is, condo prices are being driven upward as multiple buyers bid the price up. This is great news for seller’s, but buyer’s are having to pay more.  Continue reading

Georgetown Commons, Ann Arbor Condo Market Update

Georgetown Commons Condo Report – July 2017Georgetown Commons, Ann Arbor MI Condo Complex

There are currently 2 units listed for sale at Georgetown Commons and so far this year, 3 have sold.

Condos for Sale:

  • $146,500.  2637 Fenwick Court, Ann Arbor. 987 square feet with 3 bedrooms and 1 bath.
  • $131,800.  2729 Winthrop Court, Ann Arbor. 820 square feet with 2 bedrooms and 1 bath.

Sold Condos:

  • $173,500.  2842 Bombridge Court, Ann Arbor. 820 sq. ft., +400 in finished lower level, 2 bedrooms and 1 bath.
  • $155,000.  2660 Fenwick Court, Ann Arbor. 987 square feet with 3 bedrooms and 1.1 baths.
  • $139,900.  2636 Fenwick Court, Ann Arbor. 882 square feet with 2 bedrooms and 1 bath.

In 2016, 21 units sold with an average sale price of $153,853 and an average price per square foot of $150.00. The 3 units sold this year have an ASP of $156,133, up 2%, and an A$/SF of $176.00, up 17%. The large jump in price per square foot means that smaller units are selling for more money than previously. To keep up-to-date with new listings, sales, and values for Georgetown Commons, or to buy or sell an Ann Arbor Condo, contact us at The Bouma Group, Realtors at 734-761-3060 or email info@bouma.com. We’d be happy to talk with you!

Gallery Park, Ann Arbor Condo Market Update

Gallery Park Condo Market Update – June 2017Gallery Park Condos, Ann Arbor MI 48103

There is currently 1 condo listed for sale at Gallery Park and so far this year, 4 have sold.

Condo for Sale:

  • $385,000.  5538 Gallery Park, Ann Arbor. 2335 square feet with 3 bedrooms and 2.1 baths.

Sold Condos:

  • $365,000.  5615 Gallery Park, Ann Arbor. 1559 sq. ft., +1000 in finished lower level, 3 bedrooms and 3 baths.
  • $317,000.  5535 Gallery Park, Ann Arbor. 1651 sq. ft., +771 in finished lower level, 4 bedrooms and 3.1 baths.
  • $315,000.  5552 Gallery Park, Ann Arbor. 1651 square feet with 3 bedrooms and 2.1 baths.
  • $277,000.  5614 Gallery Park, Ann Arbor. 1652 square feet with 3 bedrooms and 2.1 baths.

Last year, 9 condos sold with an average sale price of $322,154 and an average price per square foot of $183.00. The 4 sold this year have an ASP of $318,500 and an A$/SF of $196.00. To learn more about values at Gallery Park or any Ann Arbor Condo complex, contact us at The Bouma Group, Realtors today at 734-761-3060 or email info@bouma.com.

Creekwood, Ann Arbor Condo Market Report

Creekwood, Ann Arbor Condo Report – June 2017Creekwood Condos, Ann Arbor MI Ranch Style Units

Creekwood, a small collection of condos on the east side of Ann Arbor, currently has 1 unit listed for sale. There have been 0 sales this year, in fact, the last sales were in 2012 when 2 units sold.

Condo for Sale:

  • $155,000.  3001 Fernwood #101, Ann Arbor. 970 square feet with 2 bedrooms and 2 baths.

Sold Condos 2014:

  • $110,000  3005 Fernwood #204, Ann Arbor. 957 square feet with 2 bedrooms and 2 baths.
  • $105,000.  3005 Fernwood #101, Ann Arbor. 930 square feet with 2 bedrooms and 2 baths. Sold by The Bouma Group

Condo values continue to rise at Creekwood– see the year-by-year statistics here. For more information or to be notified when a new listing comes to the market, contact the specialists with The Bouma Group, Realtors today at 734-761-3060 or email info@bouma.com. View more Ann Arbor Condo complexes here.

Georgetown Condos, Ann Arbor Market Report

Georgetown Condos Real Estate Report – June 2017Georgetown Condos, Ann Arbor MI 48104

Located in central Ann Arbor, close to shopping, services, and downtown, Georgetown Condos currently has 1 unit listed for sale. So far this year, 1 has sold and in 2016, 9 sold.

Condo for Sale:

  • $189,900.  2802 Page Ave., Ann Arbor. 1264 square feet with 2 bedrooms and 1.1 baths.

Condo Sold 2017:

  • $188,000.  2814 Page Ave., Ann Arbor. 1248 square feet with 2 bedrooms and 1.1 baths.

Condos Sold 2016:

  • $181,000.  2828 Page Ave., Ann Arbor. 1264 square feet with 2 bedrooms and 1.1 baths.
  • $177,000.  2846 Page Ave., Ann Arbor. 1318 square feet with 3 bedrooms and 2.1 baths.
  • $173,000.  2758 Page Ave., Ann Arbor. 1201 square feet with 2 bedrooms and 1.1 baths.
  • $169,000.  2850 Page Ave., Ann Arbor. 1201 sq. ft., +400 in finished lower level, 2 bedrooms and 1.1 baths.
  • $164,485.  2858 Page Ave., Ann Arbor. 1318 square feet with 3 bedrooms and 2.1 baths.
  • $163,000.  2790 Page Ave., Ann Arbor. 1262 sq. ft., +304 in finished lower level, 2 bedrooms and 1.1 baths.
  • $152,000.  2781 Page Ave., Ann Arbor. 1264 square feet with 2 bedrooms and 1.1 baths.
  • $150,000.  2771 Page Ave., Ann Arbor. 1248 square feet with 2 bedrooms and 1.1 baths.

The 9 condos sold in 2016 have an average sale price of $166,231 and an average price per square foot of $132.00. The unit sold this year has an ASP of $188,000, up 13%, and an A$SF of $151.00, up 14%. Interested in learning more about Georgetown Condos or receive instant notification of new listings? Contact us at The Bouma Group, Realtors today at 734-761-3060 or email info@bouma.com. View Ann Arbor Condo complexes here!

 

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Brownstone, Downtown Ann Arbor Condo Report

Brownstone, Ann Arbor Condo Report – May 2017Brownstone Condos, Downtown Ann Arbor Mi

There a currently 0 units listed for sale at the quaint Brownstone condo community. So far this year, 0 have sold and in 2016, 1 sold.

Sold Condo:

  • $432,000.  505 Detroit St., #2, Ann Arbor. 1560 square feet with 1 bedroom, a study, and 2 baths.

Since there are only 8 units here, they rarely come to the market. The unit sold last year has an average price per square foot of $277.00. There were 2 sales in 2012 that had an A$SF of $297.00 with an average sale price of $373,250.  To receive immediate notification of new listings at Brownstone or in downtown Ann Arbor, contact us at The Bouma Group today at 734-761-3060 or email info@bouma.com. Start your Ann Arbor Condo search here!

Ann Arbor Condo Market Report – April 2017

Strong Spring Market for Ann Arbor Condos

Ann Arbor Condo Statistics for April 2017

The spring real estate market has been good for Ann Arbor Condos despite a lull in new listings. This time last year there were 251 condos listed for sale compared with this year’s 213. Sales are up slightly, going from 230 to 238 and the average days on the market is down to 35 from 44 last April. The most notable change is the average sale price, which has risen 10.5%, from $168,950 to $186,750. It continues to be a seller’s market with a 3.2 month supply of condos available. Continue reading

Fox Pointe, Ann Arbor Condo Market Report

Fox Pointe, Ann Arbor Condo Report – May 2017Fox Pointe Condos, Ann Arbor MI 48108

There are currently 3 condos listed for sale at Fox Pointe. So far this year 2 have sold, and in 2016, 5 sold.

Condos for Sale:

  • $225,000.  1460 Fox Pointe, Ann Arbor. 1382 square feet with 2 bedrooms and 2 baths.
  • $210,000.  1488 Fox Pointe, Ann Arbor. 1382 square feet with 2 bedrooms and 2 baths.
  • $207,900.  1375 Fox Pointe, Ann Arbor. 1382 square feet with 2 bedrooms and 2 baths. Listed by The Bouma Group

Continue reading

Huron Chase, Ann Arbor Condo Market Update

Huron Chase, Ann Arbor Condo Update – May 2017Huron Chase Condos, Ann Arbor MI 48104

There is currently 1 condo listed for sale at Huron Chase and in the past 2 years, 3 have sold.

Condo for Sale:

  • $549,000.  1946 Boulder Drive, Ann Arbor. 1890 sq. ft., +800 in finished lower level, 2 bedrooms and 2.2 baths.

Sold Condos:

  • $575,000.  1962 Boulder Drive, Ann Arbor. 1849 sq. ft., +1100 in finished lower level, 3 bedrooms and 3 baths. Sold in 2016
  • $500,000.  1916 Boulder Drive, Ann Arbor. 1890 sq. ft., +970 in finished lower level, 2 bedrooms and 3. baths. Sold in 2015
  • $490,000.  1955 Boulder Drive, Ann Arbor. 2322 square feet with 3 bedrooms and 3 baths. Sold in 2015

The 2 condos sold in 2015 have an average sale price of $495,000 and an average price per square foot of $238.00. The condo sold in 2016 has an ASP of $575,000, up 16%, and an A$SF of $311.00, up 31%.  To learn more about the Huron Chase condo community, or to be notified when a new listing comes to the market, contact us at The Bouma Group, Realtors at 734-761-3060 or email info@bouma.com today!

1506 Long Meadow Trail, Ann Arbor Condo For Sale

1506 Long Meadow, Ann Arbor, MI 481081506 Long Meadow Trail, Ann Arbor, MI 48108

SOLD! Centrally located Ann Arbor condo at 1506 Long Meadow Trail, Ann Arbor featuring an open floor plan and a balcony with a view! Other features of this Weatherstone condo include:

  • 1,190 square feet with two bedrooms and two full baths
  • Open kitchen with lots of storage space and new refrigerator
  • New A/C and water heater
  • Deck off of living room with treed views
  • Large master suite with extra closets and private bath
  • 1 Car detached garage
  • Close to expressways and plenty of shopping options
  • More photos and features
  • MLS# 3248699
  • Listed for $175,000

To learn more about The Bouma Group’s newest condo listing at 1506 Long Meadow Trail, Ann Arbor, or to schedule a showing, call 734-761-3060.  Or email us at info@bouma.com. See more Ann Arbor condos for sale here!

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