Category Archives: Ann Arbor Condo Market Updates

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 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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519 Longshore Dr. B, Ann Arbor Condo at The Crossings of Ann Arbor

519 Longshore B, Ann Arbor, MI 48105519 Longshore Dr. B, Ann Arbor, MI 48105

New Listing! Centrally located townhouse condo located just steps from Argo Canoe Livery in the popular The Crossings of Ann Arbor complex! Features include:

  • 800 square feet with 1 bedroom and 1 bath
  • Updated kitchen featuring newer dishwasher and counter
  • Huge bedroom upstairs with hardwood floor and plenty of closet space
  • Laundry in unit
  • Storage space in shared basement
  • More photos and features
  • MLS# 3245959
  • Listed for $165,000

For more information for 519 Longshore Drive B, or to schedule a private showing, contact us at The Bouma Group at 734-761-3060 or email info@bouma.com. View photos, market statistics, and more for The Crossings of Ann Arbor condos here!

Forest Creek, Ann Arbor Condo Report

Forest Creek, Ann Arbor Condo Report – March 2017Forest Creek Condos, Ann Arbor MI

There are currently 0 condos listed for sale at Forest Creek. In 2016, 4 condos sold and so far this year, 0 have sold.

Sold Condos:

  • $155,000.  3062 Forest Creek, Ann Arbor. 966 sq. ft., +700 in finished lower level,  2 bedrooms and 2 baths.
  • $146,000.  3029 Forest Creek, Ann Arbor. 1012 square feet with 2 bedrooms and 1 bath.
  • $142,000.  3027 Forest Creek, Ann Arbor. 968 square feet with 2 bedrooms and 1.1 baths. Sold by The Bouma Group
  • $140,000.  3075 Forest Creek, Ann Arbor. 968 square feet with 2 bedrooms and 1.1 baths.

In 2015, 7 units sold with an average sale price of $127,779 and an average price per square foot of $128.00. The 4 units sold last year have an ASP of $146,375, up 14.5%, and an A$SF of $150.00, up 17%. For more information on condo values at Forest Creek, or to be notified immediately when a new listing comes to the market, contact us at The Bouma Group today at 734-761-3060 or email info@bouma.com. View more Ann Arbor Condos here!

Earhart Village, Ann Arbor Condo Market Report

Earhart Village, Ann Arbor Condo Report – March 2017Earhart Village Condos, Ann Arbor MI 48105

There are currently 0 condos listed for sale at Earhart Village. So far this year, 1 has sold and in 2016, 11 sold.

Condo Sold in 2017:

  • $269,900.  812 Earhart, Ann Arbor. 1736 sq. ft., +750 in finished lower level, 3 bedrooms and 2.1 baths.

Condos Sold in 2016:

  • $265,000.  931 Greenhills, Ann Arbor. 1893 sq. ft., +950 in finished lower level, 5 bedrooms and 3.1 baths.
  • $261,000.  1010 Greenhills, Ann Arbor. 1736 sq. ft., +308 in finished lower level, 3 bedrooms and 2.1 baths.
  • $247,000.  704 Greenhills, Ann Arbor. 1540 square feet with 3 bedrooms and 2.1 baths. Listed and Sold by The Bouma Group
  • $246,000.  788 Greenhills, Ann Arbor. 1468 square feet with 3 bedrooms and 2.1 baths.
  • $245,000.  1050 Greenhills, Ann Arbor. 1537 square feet with 2 bedrooms and 2 baths.
  • $242,500.  746 Greenhills, Ann Arbor. 1975 square feet with 4 bedrooms and 2.1 baths.
  • $240,750.  744 Greenhills, Ann Arbor. 1334 square feet with 2 bedrooms and 1.1 baths.
  • $237,000.  843 Greenhills, Ann Arbor. 1736 sq. ft., +825 in finished lower level, 3 bedrooms and 2.1 baths.
  • $229,000.  927 Greenhills, Ann Arbor. 1736 sq. ft., +500 in finished lower level, 3 bedrooms and 2.1 baths.
  • $208,200.  656 Greenhills, Ann Arbor. 1396 sq. ft., +200 in finished lower level, 2 bedrooms and 2.1 baths.

The 11 condos sold last year have an average sale price of $241,950 and an average price per square foot of $150.00. The unit sold this year had a higher sale price than any last year and an A$SF of $155.00, up 3%. The A$SF has risen 67% since the low of $90/SF in 2010, which is great news for condo owners. For more information on values at Earhart Village, or would like to know what your condo is worth in today’s market, give us a call at The Bouma Group, Realtors at 734-761-3060 or email info@bouma.com. View more Ann Arbor Condo complexes here!

Ashford Place Condos, Ann Arbor Market Report

Ashford Place Condo Report – March 2017 Ashford Place Condos, Ann Arbor MI 48105

There is currently 1 condo listed for sale at Ashford Place. So far this year 0 units have sold and in 2016, 5 sold.

Condo for Sale:

  • $355,000.  2753 Maitland, Ann Arbor. 2155 sq. ft., +1000 in finished lower level, 2 bedrooms and 3.1 baths.

Sold Condos in 2016:

  • $377,000.  2716 Winter Garden Ct., Ann Arbor. 1961 square feet with 3 bedrooms and 2.1 baths.
  • $350,000.  2781 Maitland, Ann Arbor. 1961 square feet with 3 bedrooms and 2.1 baths.
  • $335,000.  2723 Winter Garden Ct., Ann Arbor. 2253 square feet with 2 bedrooms and 2.1 baths.
  • $325,000.  2726 Maitland, Ann Arbor. 2416 sq. ft., +1264 in finished lower level, 3 bedrooms and 2.1 baths.
  • $300,000.  2785 Maitland, Ann Arbor. 2235 sq. ft., 460 in finished lower level, 3 bedrooms and 2.1 baths.

In 2015, 3 condos sold with an average sale price of $351,667 and an average price per square foot of $167.00.  The 5 sold last year have an ASP of $337,400, down 4%, and an A$SF of $158.00, down 5%. The slight decline in values only occurred after a fairly steady rise since the low in 2009. To keep up with the real estate market at Ashford Place, or to find out what your condo might be worth, call The Bouma Group today at 734-761-3060 or email info@bouma.com today. See more Ann Arbor Condo complexes here!

2554 Country Village Court, Ann Arbor MI Real Estate Listing

small2554 Country Village Court, Ann Arbor MI 48103

New Listing! Enjoy the laid-back lifestyle of condo living from this Country Village condominium on Ann Arbor’s west side. Features include:

  • 1,496 square feet with 2 bedrooms and 2 full and one half baths
  • Study in lower level could also be a potential third bedroom
  • Sunny kitchen highlighted by skylight features stainless appliances
  • Large Trex deck for hassle-free maintenance
  • More photos and features
  • MLS# 3246618
  • Listed for $249,900

To learn more about The Bouma Group’s new condo listing at 2554 Country Village Ct., Ann Arbor, contact us at 734-761-3060 or email info@bouma.com. See more Ann Arbor condos for sale here!

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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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