Category Archives: Ann Arbor Condominium Complexes

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

1791 N. Stonebridge Drive, Ann Arbor Condo Listing

1791 N. Stonebridge Drive, Ann Arbor MI 481081791 N. Stonebridge Drive, Ann Arbor MI Condo at Stonebridge Heathers

New Listing! With views of the fairway of the Stonebridge golf course this spacious, detached condo leaves little to be desired. Details include:

  • 1727 sq. ft., +1000 in the finished lower level, 2 bedrooms and 3 full baths.
  • Kitchen is a dream with custom cabinets, granite counters, refinished wood floor and a Wolf range.
  • Screened-in four season sunroom looks out over the golf course.
  • Daylight lower level offers a large family room, full bath, and storage room with work areas.
  • More photos and features
  • Virtual tour
  • MLS# 3259336
  • Listed for $449,000

To request a showing for 1791 N. Stonebridge or get more information on this upscale condo, contact the real estate specialists with The Bouma Group today at 734-761-3060 or info@bouma.com. Learn more about the Stonebridge Heathers condo community here!

2769 S. Knightsbridge Circle, Ann Arbor Condo at Northside Glen

2769 S. Knightsbridge Circle, Ann Arbor MI 481052796 S. Knightsbridge Circle, Ann Arbor MI Condo at Northside Glen

New Listing! Recently updated, first floor condo with a great location in Northside Glen. Features include:

  • 1236 square feet with 3 bedrooms and 2 full baths.
  • New paint and hardwood floor in the living room.
  • Kitchen has stainless appliances and new quartz counters.
  • Screened porch is perfect for relaxing.
  • More photos and features
  • Virtual tour
  • MLS# 3259853
  • Listed for $249,900

For more information or to schedule a showing for 2769 S. Knightsbridge Circle, contact the Ann Arbor Condo specialists with The Bouma Group at 734-761-3060 or info@bouma.com. View photos and amenities for Northside Glen condos here!

107 Ashley Mews, Ann Arbor MI Downtown Condo

107 Ashley Mews, Ann Arbor MI 48104107 Ashley Mews, Ann Arbor MI Downtown Brownstone Condo

Just Listed! Situated on the courtyard, this Ashley Mews brownstone is located just steps from the shopping and restaurants in downtown Ann Arbor. This sharp unit offers:

  • 1404 square feet with 2 bedrooms, a loft area, and 2 full baths.
  • Soaring 2-story living room has a multitude of windows, cherry hardwood flooring, and a cozy fireplace.
  • Galley style kitchen looks out over the living room and features Corian counters, cherry cabinets, and stainless appliances.
  • Second floor master bedroom suite opens to the loft area.
  • More photos and details
  • Virtual tour
  • MLS# 3259705
  • Listed for $525,000

For more information or to request a private showing for 107 Ashley Mews, contact the Ann Arbor Condo specialists with The Bouma Group today at 734-761-3060 or info@bouma.com. View amenities and photos for the Ashley Mews condo complex here!

4317 Pine Ridge Court, Ann Arbor Condo at The Arbors

4317 Pine Ridge Court, Ann Arbor MI 481054317 Pine Ridge Court, Ann Arbor MI Condo at The Arbors

Sold! Move right in to this 2 story unit located in the resort like The Arbors condo complex. Features include:

  • 1286 sq. ft., +702 in the finished lower level, 2 bedrooms and 1.1 baths.
  • Soaring 2-story living room with fireplace and sliding doors to the deck.
  • Master bedroom has a vaulted ceiling, dual closets and a private bath.
  • Complex offers a community pool, hot tub, clubhouse, and tennis courts.
  • More photos and features
  • Virtual tour
  • MLS# 3259047
  • Listed for $305,000

To schedule a private showing or learn more about 4317 Pine Ridge Court, contact the Ann Arbor Condo specialists with The Bouma Group today at 734-761-3060 or email info@bouma.com. See photo and details for The Arbors condo community here!

 

5520 Gallery Park, Ann Arbor MI Condo for Sale

5520 Gallery Park, Ann Arbor MI 481035520 Gallery Park Drive, Ann Arbor MI Condo

SOLD! Beautifully decorated condo with pond views in Scio Township’s Gallery Park complex. This immaculate unit offers:

  • 2335 sq. ft., + 800 in the finished lower level, 2 bedrooms and 3.1 baths.
  • Soaring vaulted living room has a cozy fireplace and adjoining dining area.
  • Desirable first floor master suite, study, and laundry room.
  • Lower level is finished with a large family/rec room and full bath.
  • More photos and features
  • Virtual tour
  • MLS# 3259134
  • Listed for $379,900

To request more information or a private showing for 5520 Gallery Park, contact the Ann Arbor Condo specialists with The Bouma Group, Realtors today at 734-761-3060 or info@bouma.com. View photos and amenities for Gallery Park condo complex here!

Ann Arbor Condo Report – July 2018

Ann Arbor Condo Prices Surge Compared to Last July

Ann Arbor Condo Report Chart for July

In all aspects, Ann Arbor condos have seen an increase in pricing compared to last year. Comparative to July 2017, the amount of new units listed is increased a staggering 61%, from 59 condos to 95 entered this July. The average listing price has also greatly increased from $278,100 to $415,405 since last July, which is a considerable 49.4%. Despite the dramatic rise in available inventory, the difference in amount of sales has increased only a mere 3% compared to the prior July, 62 sold condos versus 64. Sale prices, however, have managed to ascend from $248,766, on average, to $323,768. The difference in average sale prices for July between this year and last is 30%. On average, condos are on the market for 16 days. Looking at year to date statistics, there has also been a rise in pricing. So far this year, the average listing price is $355,552, and this is a 21.5% increase in comparison to the ALP of $292,734 at this time last year. In Ann Arbor, 503 condos have sold thus far versus 488 in July 2017; this creates an increase of 4.1%. Unfortunately there has been a 21% decline in the amount of sold units thus far in 2018, from 386 sold condos to 305. The average sale price for condos so far this year is $290,733 which is a rise of 16% in comparison to last year’s ASP of $250,719. Overall, it is a seller’s market for Ann Arbor condos, especially for more affordable condos sold under $400k. Condos that are more than $400k are considered to be part of a buyer’s market though.

Ann Arbor condos are very close to being in a balanced market, which would be more favorable for both sellers and buyers. Whether you are looking to buy or sell a condominium, contact the specialists with The Bouma Group at (734)761-3060 or email info@bouma.com. For more updated knowledge on the Ann Arbor market, check back here!

111 N. Ashley #1008, Ann Arbor Penthouse at Ashley Terrace

111 N. Ashley #1008, Ann Arbor MI 48104111 N. Ashley #1008, Downtown Ann Arbor High-Rise Condo at Ashley Terrace

New Listing! Amazing views from this stylish penthouse in the heart of downtown Ann Arbor at Ashley Terrace. This spacious unit offers:

  • 1645 square feet of living space with 3 bedrooms and 2 full baths.
  • Located on the 10th floor.
  • Hardwood floors throughout the entry, living room, dining area, and kitchen.
  • In-unit laundry, garage parking, and storage unit included.
  • More photos and features
  • Virtual tour
  • MLS# 3258774
  • Listed for $759,900

To request a private showing for 111 N. Ashley #1008, or to learn more about this luxurious condo, contact us at The Bouma Group, Realtors today at 734-761-3060 or info@bouma.com. View photos and amenities for Ashley Terrace condos here!

1845 Stonebridge Drive N., Ann Arbor Condo at the Heathers

1845 Stonebridge Drive N., Ann Arbor MI 481081845 Stonebridge Drive N., Ann Arbor MI Condo at Stonebridge Heathers

SOLD! Spacious detached condo that is very clean with neutral decor making it move in ready! Features include:

  • 2104 sq. ft., +1500 in finished lower level, 2 bedrooms, a study, and 3 full baths.
  • Living room has a cozy fireplace flanked by floor to ceiling windows and an adjoining dining area.
  • Vaulted master bedroom suite offers plenty of closet space and a private bath with a garden tub.
  • Finished lower level and sunroom provide even more living space.
  • More photos and features
  • Virtual tour
  • MLS# 3258440
  • Listed for $434,900

For more information or to schedule a showing for 1845 Stonebridge Drive N., contact Ann Arbor’s premier Realtors with The Bouma Group at 734-761-3060 or email info@bouma.com. Learn more about the Stonebridge Heathers condo community here!

Ann Arbor Condominium Report – June 2018

Ann Arbor Condos See a Decline in Sold Units but Prices Rise
Ann Arbor Condo Report for June

Both listing and selling prices are increasing for Ann Arbor condos. This year, only one more condo was listed in June, 87 units, compared to last year. Prices have seen a significant change of 29.4%, from the average listing price in 2017 being $272,948 to $353,306 currently. Interestingly, there has been a 40.4% decline in the amount of sales compared to last June, 89 to 59 sold condos. Sale prices have risen with the listing prices, $249,734 to $283,620 this June, which is a difference of 13.6%. Unfortunately for sellers, the average days on the market has doubled since the previous June equaling 30 days. There has been a 4.9% decrease in the amount of listings entered so far this year compared to last year, 408 versus 429 condos listed. Listings prices currently average at $342,275 to date, which is 16.1% higher than the year prior at this time when the average LP was $294,715. The average selling price has increased too, but not as much as the LP; from $251,260 in the prior year to $280,807 so far this year, which is an 11.8% raise. There is 25% less inventory being sold year to date, from 323 last year to 242 so far. Overall, it is a seller’s market for Ann Arbor condos; with the same month supply as May. Affordable condos priced under $400k are beginning to slowly move more towards a seller’s market. Whereas condos ranging from $400k to $1m are headed towards a buyer’s market. There is not so much of an extreme buyer’s market for luxury condos over $1m compared to last month.

New inventory isn’t altered much compared to last year. However, there has been a decent decline in the amount of sold condos and prices have seen a considerable increase. Whether you are looking to buy or sell, contact the condo specialists with The Bouma Group at (734)761-3060 or email info@bouma.com. Check back here for more updated information on the market in Ann Arbor and surrounding areas!