Category Archives: Ann Arbor Condo Market Updates

Brentwood Square Condo Report

Condominium Report – August 2019

Brentwood Square, Ann Arbor MI

Brentwood Square has a classic exterior and comes in three different floor plans, all of which have been built with excellence. In the center of the Ann Arbor complex is a beautiful creek and pond, surrounding is nature area. Presently, 1 condo is listed for sale and 3 have been sold this year.

Condo for Sale:

  • $234,900. 1939 Lindsay Lane, Ann Arbor. 929 square feet with 2 bedrooms and 1.1 baths.

Condos Sold in 2019:

  • $263,000. 1879 Lindsay Lane, Ann Arbor. 1402 square feet with 2 bedrooms and 2.0 baths.
  • $225,000. 1877 Lindsay Lane, Ann Arbor. 926 square feet with 2 bedrooms and 1.1 baths.
  • $220,000. 1933 Lindsay Lane, Ann Arbor. 925 square feet with 2 bedrooms and 1.1 baths.

Last year at Brentwood Square, 6 condos sold with an average sale price of $269,575 and an average price per square foot of $231.30. The 3 condos that have sold so far in 2019 have an ASP of $236,000, down 12.5%, and an A$/SF of $222.72, down 3.2%. For more information on Brentwood Square, contact the condo experts with The Bouma Group at (734)761-3060 or via email info@condohotline.com. Click here to discover more regarding Ann Arbor condos!

Briarcrest Condo Report

Condominium Report – August 2019

Briarcrest, Ann Arbor MI Condo Report - August 2019

Briarcrest is a well-situated and reasonably priced Ann Arbor complex. The warm townhomes come in two layouts and are inclusive of fireplaces, private balconies and much more! Presently, 1 condo is on the market and 1 has been sold this year.

Condo for Sale:

  • $174,900. 325 Briarcrest Drive #172, Ann Arbor. 983 square feet with 2 bedrooms and 2.0 baths. Sale Pending

Condos Sold in 2019:

  • $164,900. 225 Briarcrest Drive #208, Ann Arbor. 1134 square feet with 2 bedrooms and 2.1 baths.

Last year at Briarcrest, 9 units sold with an average sale price of $171,944 and an average price per square foot of $166.88. As only 1 condo has sold in 2019 so far, the sale price was $164,900, down 4.1%, and a price per square foot of $145.41, down 12.9%. For more information on Briarcrest, contact the condo experts with The Bouma Group at (734)761-3060 or via email info@condohotline.com. Click here for more on Ann Arbor condos!

Georgetown Commons Condo Report

Condominium Report – July 2019

Georgetown Commons, Ann Arbor MI

This established collection of Ann Arbor townhomes offers classic curb appeal along with landscaping. Further, Georgetown Commons offers attached garages and sufficient living space for residents. Presently, 1 condo is listed for sale and 12 have been sold this year. The Bouma Group was involved in a couple of the sales.

Condo for Sale:

  • $187,500. 2724 Glenbridge Court, Ann Arbor. 882 sq. ft., + 126 in the finished lower level; 2 bedrooms and 1.0 baths.

Gallery Park Condo Report

Condominium Report – July 2019

Gallery Park, Ann Arbor MI Real Estate Report - July 2019

Gallery Park is a collection of deluxe Ann Arbor units built with additional elements inside. Condos are ranch style with more than one level and a variety of layouts. Presently, there are 3 condos that are listed and 2 have been sold this year.

Condos for Sale:

  • $439,900. 5569 Gallery Park Drive, Ann Arbor. 2334 sq. ft., + 1200 in the finished lower level; 4 bedrooms and 3.1 baths. Sale Pending
  • $439,000. 5554 Gallery Park Drive #17, Ann Arbor. 2335 sq. ft., + 1093 in the finished lower level; 4 bedrooms and 3.1 baths.
  • $319,900. 5574 Gallery Park Drive, Ann Arbor. 1890 square feet with 2 bedrooms and 2.1 baths. Sale Pending

Condos Sold in 2019:

  • $405,000. 5542 Gallery Park Drive #13, Ann Arbor. 2353 square feet with 3 bedrooms and 2.1 baths.
  • $349,000. 5604 Gallery Park Drive, Ann Arbor. 1535 square feet with 2 bedrooms and 2.0 baths. Sold by The Bouma Group

Last year at Gallery Park, 3 homes sold with an average sale price of $354,967 and an average price per square foot of $187.38. The 2 homes that have sold so far in 2019 have an ASP of $377,000, up 6.2%, and an APSF of $199.74, up 6.6%. To learn more about market values at Gallery Park, contact the condo experts with The Bouma Group at (734)761-3060 or via email info@bouma.com. More information on Ann Arbor condos here!

Clusters of Meadowview Condo Report

Condominium Report – July 2019

Cluster of Meadowview Ann Arbor Condo Report - July 2019

Clusters of Meadowview is a smaller Ann Arbor condo with only 36 units. The brown exterior of the complex fits in nicely among the nature which is inclusive of woods and a pond. Presently, there are no condos listed for sale and 2 have been sold this year.

Condos Sold in 2019:

  • $222, 000. 5784 Staghorn Drive, Ann Arbor. 1164 sq. ft., + 575 in the finished lower level; 2 bedrooms and 3.0 baths.
  • $204,000. 5740 Staghorn Drive, Ann Arbor. 1484 sq. ft., + 600 in the finished lower level; 3 bedrooms and 2.2 baths.

Last year at Clusters of Meadowview, only 1 condo sold with a sale price of $172,700 and a price per square foot of $114.00. The two condos that have sold so far in 2019 have an average sale price of $213,000, up 23.3%, and an average price per square foot of $164.00, up a considerable 43.9%. To learn more about condo values at Cluster of Meadowview, contact the condo experts with The Bouma Group at (734)761-3060 or email info@bouma.com. Click here for more information on Ann Arbor condos!

Creekwood Condo Report

Condominium Report – July 2019

As one of Ann Arbor’s more economical complexes, Creekwood is homey both inside and outside. The units have features such as balconies and fireplaces, among other bonuses. Presently, there are 2 condos listed for sale and 1 has been sold this year.

Condos for Sale:

  • $189,900. 3005 Fernwood Avenue, Unit #201, Ann Arbor. 930 square feet with 2 bedrooms and 2.0 baths.
  • $174,900. 3001 Fernwood Avenue, Unit #104, Ann Arbor. 970 square feet with 2 bedrooms and 2.0 baths.

Condo Sold in 2019:

  • $169,900. 3005 Fernwood Avenue, Unit #101, Ann Arbor. 930 square feet with 2 bedrooms and 2.0 baths. Listed and Sold by The Bouma Group.

Last year at Creekwood, only 1 condo sold with a sale price of $158,500 and a price per square foot of $159.00. The 1 condo that has sold so far in 2019 had a sale price of $169,900, up 7.2%, and a price per square foot of $183.00, up 15.1%. As listing prices for the active condos are also higher, an upwards trend for prices at this condominium may be likely. To learn more about condo values at Creekwood, contact the condo experts with The Bouma Group at (734)761-3060 or email info@bouma.com. For more information on Ann Arbor condos, check here!

Woodside Meadows Condo Report

Condominium Report – July 2019

As a pleasant Ann Arbor complex, Woodside Meadows offers owners a wonderful place to come home to each day. Each condo has lots of living space with great features inclusive of an en-suite, outdoor seating and more. Presently, 7 condos are on the market and 9 have sold.

Condos for Sale:

  • $245,000. 1921 Addington Lane, Ann Arbor. 1712 square feet with 3 bedrooms and 2.0 baths. Sale Pending
  • $237,000. 1152 Addington Lane, Ann Arbor. 1712 square feet with 3 bedrooms and 2.0 baths.
  • $199,500. 1384 Addington Lane, Ann Arbor. 1217 square feet with 2 bedrooms and 2.0 baths.
  • $198,900. 1007 Addington Lane, Ann Arbor. 1335 square feet with 2 bedrooms and 2.0 baths.
  • $197,500. 1352 Addington Lane, Ann Arbor. 1335 square feet with 2 bedrooms and 2.0 baths. Sale Pending
  • $194,000. 1761 Addington Lane, Ann Arbor. 1217 square feet with 2 bedrooms and 2.0 baths. Listed by The Bouma Group
  • $189,900. 647 Addington Lane, Ann Arbor. 1300 square feet with 2 bedrooms and 2.0 baths.

1008 Scott Place, Ann Arbor, MI 48105

1008 Scott Place, Ann Arbor, MI 48105

SOLD! Refined living combined with simple functionality! This rare Oslund Condo will not disappoint. Check out its stunning features like:

  • 2,036 Square Feet + unfinished basement, 3 bedrooms, 3 full bathrooms
  • Crisp, white kitchen with stainless appliances, breakfast nook, and formal dining room
  • Attached two car garage, lower level laundry, and access to 35 acres of woods and trails right outside your door
  • Two patios with access from dining room, living room, and master bedroom
  • Access to more photos and home details here 
  • MLS # 3262265
  • Listed at $749,900

To request a showing of 1008 Scott Place or get more information about this stunning condo and Oslund Condominium Complex, contact the Ann Arbor Real Estate Experts with The Bouma Group at 734-761-3060 or at info@bouma.com.

Parkwood Condos, Ann Arbor Real Estate Report

Parkwood Condo Report – November 2018Parkwood Condo Complex, Ann Arbor MI 48103

Situated on the west side of Ann Arbor in beautiful Scio Township, Parkwood is a collection of spacious condos in a private wooded setting. There are currently 0 condos listed for sale and so far this year, 5 have sold.

Sold Condos:

  • $350,000.  5492 Parkgrove, Ann Arbor. 1742 sq. ft., +1472 in the finished lower level, 2 bedrooms and 3 full baths.
  • $330,000.  433 Woodgrove, Ann Arbor. 1749 square feet with 3 bedrooms and 2.1 baths.
  • $325,000.  5478 Parkgrove, Ann Arbor. 1860 square feet with 2 bedrooms and 2.1 baths. Listed by The Bouma Group
  • $325,000.  5432 Parkgrove, Ann Arbor. 1964 sq. ft., +600 in finished lower level, 3 bedrooms and 2.1 baths.
  • $325,000.  5433 Parkgrove, Ann Arbor. 1964 square feet with 3 bedrooms and 2.1 baths.

Last year at Parkwood, only 1 condo sold for $340,000 with an average price per square foot of $177.00. The 5 units sold this year have an average sale price of $331,000, down slightly, and an average price per square foot of $179.00, up slightly. To learn more about the Parkwood Condo community and to be immediately notified of new listings, contact the real estate specialists with The Bouma Group today at 734-761-3060 or email info@bouma.com. View more Ann Arbor Condo complexes here!

Ann Arbor Condo Report Update – August 2018

Listing Prices are Down for Ann Arbor Condos, but Selling Prices Rise

Ann Arbor Condo Update Chart

For the month of August, Ann Arbor condos have seen surprising statistics compared to August 2017. The average listing price is $310,161, which is 4.5% lower than the previous August where the ALP was $324,753. Perhaps this is because there is an increase in the amount of listings entered, from 62 condos to 74 last month, which means 19.4% more available inventory. This is good news for buyers; but luckily for sellers, condos are selling above the ALP too. On average, condos are selling for $323,219, whereas last year the ASP was $264,117, this is a considerable 22.4% increase. Only one more unit sold this August in comparison to the prior August when 61 condos were sold. Fortunately for sellers, the average days on the market is 23, which is a 25.8% decline compared to last August’s average of 31 days. Looking at the year-to-date statistics, there has been an increase in the amount of listings entered, but a decrease in the amount of sales. Continue reading