Category Archives: Ann Arbor Condo Market Updates

1167 Joyce Lane, Ann Arbor Condo for Sale

1167 Joyce Lane, Ann Arbor MI 481031167 Joyce Lane, Ann Arbor MI 48103

New Listing! Upper level ranch-style unit at Walnut Glen on Ann Arbor’s south west side! Features include:

  • 1251 square feet with 2 bedrooms and 2 full baths
  • Large master suite
  • Open kitchen overlooking living room
  • Screened in porch with a view
  • More photos and features
  • MLS# 3247129
  • Listed at $185,000

To learn more about 1677 Joyce Lane, or to schedule a private showing, contact Ann Arbor’s Premier Realtors of The Bouma Group at 734-761-3060. Or email us at info@bouma.com. View all Ann Arbor condos for sale here.

1050 Wall Street 3E, Ann Arbor Condo for Sale

small Riverside-Park-Place-Ann-Arbor (6) (1)1050 Wall Street 3E, Ann Arbor MI 48105

New Listing! Hi-rise luxury condo at Riverside Park Place that is steps to UM Medical Center. Features include:

  • 1209 square feet with 2 bedrooms and 2 full baths
  • Kitchen with granite counters and stainless appliances
  • Balcony overlooking downtown Ann Arbor
  • Walk to Kerrytown and Farmers’ Market
  • More photos and features
  • MLS# 3247550
  • Listed for $279,900

To learn more about 1050 Wall Street 3E, or to schedule a private showing, contact Ann Arbor’s Premier Realtors of The Bouma Group at 734-761-3060. Or email us at info@bouma.com. View all Ann Arbor condos for sale here.

2241 S. Huron Parkway #4, Ann Arbor Condo for Sale

2241 S. Huron Parkway #4, Ann Arbor MI 481042241 S. Huron Parkway #4, Ann Arbor MI 48104

New Listing! Ranch condo at Arlington Place within walking distance of shops and restaurants. Features include:

  • 1053 square feet with 2 bedrooms and 2 full baths
  • Freshly painted in neutral colors
  • Balcony
  • 1 Car attached garage
  • More photos and features
  • MLS# 3247305
  • Listed for $169,900

To learn more about 2241 S. Huron Parkway #4, or to schedule a private showing, contact Ann Arbor’s Premier Realtors of The Bouma Group at 734-761-3060. Or email us at info@bouma.com. View all Ann Arbor condos here!

711 N. 5th Avenue, Ann Arbor Condo for Sale

711 N. 5th Avenue, Ann Arbor MI 48104711 N. 5th Avenue, Ann Arbor MI 48104

New listing! Huge condo in the heart of downtown Ann Arbor. Features include:

  • 2436 square feet with 2 bedrooms and 3 full baths
  • Formal living room with gas fireplace
  • Dining room with soaring ceiling
  • Master suite with gas fireplace and luxurious bath
  • Huge deck
  • Finished lower level
  • More photos and features
  • MLS# 3247177
  • Listed for $985,000

To learn more about 711 N. 5th Avenue, or to schedule a private showing, contact Ann Arbor’s Premier Realtors of The Bouma Group at 734-761-3060. Or email us at info@bouma.com. View all Downtown Ann Arbor condos here!

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

SOLD! 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!

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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!