Category Archives: Ann Arbor Condominium Complexes

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!

 

1712 Coburn Court, Ann Arbor Condo at Weatherstone

1712 Coburn Court, Ann Arbor MI 481081712 Coburn Court, Ann Arbor MI Condo at Weatherstone

New Listing! Move right into this upper level Weatherstone condo with views of the pond. Details include:

  • 1052 square feet with 2 bedrooms and 1 full bath.
  • New carpet, paint, water heater, and furnace.
  • Cozy fireplace in the living room with high ceiling.
  • Bathroom is nicely updated.
  • Attached garage.
  • More photos and features
  • MLS# 3258105
  • Listed for $209,900

For more information or to schedule a private showing for 1712 Coburn Court, contact the Ann Arbor Condo specialists with The Bouma Group, Realtors today at 734-761-3060 or info@bouma.com. See more photos and features of the Weatherstone complex here!

2130 Pauline Blvd. #204, Ann Arbor Condo at Walden Hills

2130 Pauline Blvd. #204, Ann Arbor MI 481032130 Pauline Blvd., #204, Ann Arbor MI Condo at Walden Hills for Sale

SOLD! Everything has been updated in this second level condo at the desirable Walden Hills condo complex. This unit features:

  • 927 square feet with 1 bedroom and 1 full bath.
  • Kitchen and large bathroom both renovated.
  • New doors, blinds, carpet, and paint.
  • Rare in-unit laundry.
  • More photos & features
  • MLS# 3257981
  • Listed for $128,500

For more information or to schedule a private showing for 2130 Pauline Blvd. #204, contact the Ann Arbor Condo specialists with The Bouma Group today at 734-761-3060 or info@bouma.com. View photos and amenities for Walden Hills here!

2125 Nature Cove #308, Ann Arbor Condo for Sale

2125 Nature Cove #308, Ann Arbor MI 481042125 Nature Cove #308, Ann Arbor MI 48104 Condo for Sale

SOLD! Wonderful views of the tree tops and pond from this 3rd floor ranch style condo at Nature Cove. Details include:

  • 1656 square feet with 2 bedrooms and 2 full baths.
  • Kitchen features new KitchenAid appliances and undercabinet lighting.
  • Living room with fireplace opens to the sunroom with new floor to ceiling windows.
  • More photos and details
  • Virtual tour
  • MLS# 3257837
  • Listed for $367,900

For more information on 2125 Nature Cove #308, or to schedule a private showing, contact the Ann Arbor Condo specialists with The Bouma Group today at 734-761-3060 or email info@bouma.com.

1695 Weatherstone Drive, Ann Arbor Condo for Sale

1695 Weatherstone, Ann Arbor MI 481081695 Weatherstone Drive, Ann Arbor MI Condo for Sale

New Listing! Nice views of the pond and fountain from this second level condo at popular Weatherstone. Details include:

  • 1376 square feet with 2 bedrooms and 2 full baths.
  • Living room has a cozy fireplace and opens to the screened deck.
  • Study off of the living room also makes a great guest room.
  • Detached 1-car garage and newer furnace/ac unit.
  • More photos and features
  • MLS# 3257788
  • Listed for $229,900

For more information or to schedule a showing for 1695 Weatherstone Drive, contact the Ann Arbor condo specialists with The Bouma Group, Realtors today at 734-761-3060 or email info@bouma.com. Learn more about the Weatherstone condo community here!

423 S. Ashley, Downtown Ann Arbor Condo at Ashley Mews

423 S. Ashley, Ann Arbor MI 48104423 S. Ashley, Ann Arbor MI Downtown Condo at Ashley Mews

New Listing! Located just steps from the shopping, restaurants, and culture of downtown Arbor, this Ashley Mews condo offers:

  • 1626 square feet with 2 bedrooms and 2.1 baths.
  • Living room has 2-story ceiling, hardwood flooring, and a cozy fireplace.
  • Both spacious bedrooms have their own private baths and lots of closet space.
  • Family room in the finished lower level space, plus an attached garage.
  • More photos and features
  • Virtual tour
  • MLS# 3257624
  • Listed for $669,000

To request a private showing or more information for 423 S. Ashley, contact the downtown Ann Arbor condo specialists with The Bouma Group, Realtors at 734-761-3060 or email info@bouma.com. View photos and amenities for Ashley Mews condo complex here!

Ann Arbor Condo Report – May 2018

Prices Increase for Ann Arbor Condominiums

Ann Arbor Condo Report - MayIn all aspects, prices have increased for Ann Arbor condos in May; this is most likely because inventory has declined. This May, 87 new listings were entered which is 2.2% decrease compared to the 89 units last May.  The average listing price rose a sizable 22.6%, from $265,209 to $325,026. With less condos listed, units are generally on the market for 20 days; which is 10 days less compared to May 2017. There is a decline of 16.5% less condos sold this May compared to the previous, 66 sold condos versus 79. The average selling price for Ann Arbor condos is $261,307, which is a decent increase of 11% from $235,619. So far this year, there has been 21 less listings entered in comparison to the previous year when 343 listings were entered. Average listing prices thus far have increased 13% though, from $300,708 to $340,005. Similarly, selling prices have also rose from $251,891 to $280,017, which is a difference of 11.2%. There was a 18.9% decline in the amount of sales so far this year compared to last, 189 sold condos versus 233. In general, it is a seller’s market for Ann Arbor condos, especially for inexpensive units that are below $300k. Condos that are sold above $400k are considered a buyer’s market though.

With less inventory, sales are rising and because of this Ann Arbor condos are moving towards a more balanced market. Whether you are looking to buy or to sell your condo, contact the condo experts with The Bouma Group at (734)761-3060 or email info@bouma.com. Check back here for more information about the Ann Arbor market!

 

350 Briarcrest #165, Ann Arbor Condo for Sale

350 Briarcrest #165, Ann Arbor MI 48104350 Briarcrest #165, Ann Arbor MI Condo for Sale at Briarcrest Complex

SOLD! Take in the tree top views from the balcony of this second floor condo at Briarcrest. This unit offers:

  • 983 square feet with 2 bedrooms and 2 full baths.
  • Living room has new carpet, a cozy gas fireplace and sliding doors to the deck.
  • Master bedroom suite with walk-in closet and it’s own bathroom.
  • More photos & details
  • MLS# 3257262
  • Listed for $169,900

To schedule a private showing for 350 Briarcrest #165 or request more information, contact the Ann Arbor Condo specialists with The Bouma Group, Realtors today at 734-761-3060 or email info@bouma.com. View photos and amenities for the Briarcrest Condo complex here!

1946 Boulder Drive, Ann Arbor Condo at Huron Chase

1946 Boulder Drive, Ann Arbor MI 481041946 Boulder Drive, Ann Arbor MI 48104 Condo at Huron Chase

Just Listed! Beautifully updated Huron Chase condo with so much space! Features include:

  • 1890 sq. ft., + 900 in the finished walk-out, 2 bedrooms and 2.2 baths.
  • Contemporary kitchen is completely remodeled from head to toe.
  • Luxurious master suite offers a vaulted ceiling, cozy fireplace, 2 walk-in closets, and a private bath.
  • Walk to Whole Foods, Panera Bread, Walgreens, Barnes and Noble, the Huron Hills golf course and more.
  • More photos and features
  • Virtual tour
  • MLS# 3257018
  • Listed for $599,900

To request a private showing or more information for 1946 Boulder Drive, contact the Ann Arbor Condo specialists with The Bouma Group today at 734-761-3060 or email info@bouma.com. View photos and amenities for Huron Chase here! 

 

Ann Arbor Condo Report Update – April 2018

Both Condo Listings and Sales Down in April

Ann Arbor Condo Report April 2018

Ann Arbor condos have seen an all around decrease compared to 2017, in listings and sales, both monthly and year-to-date. A decent total of 90 listings were entered in April, which is down 7% in comparison to the 97 condos sold in the previous year. As well, the listing prices also saw the same 7% decline since last year, $310,026 from $334,608. The number of sales lowered by 14.6% this April when compared to 2017, 41 condos sold versus 48 condos sold. However it is not all declines, selling prices did rise from $251,735 to $275,124, which is a is a respectable increase of 9%. For both year-to-date listings and sales, there was a drop in inventory but an increase in prices. There was a 7% decline in the amount of new listings entered thus far; but a 10% increase in the average listing price, $313,866 to $345,998. The 122 condos sold this year are 21% below the amount sold in 2017 year-to-date; although, the selling price increased 9.7% from $260,239 to $285,709 this year. On average, it is a seller’s market for Ann Arbor condos this April, especially for more affordable units. However, luxury condos are considered a buyer’s market; with the outlier of condos that are priced over 1 million dollars.

Although there has been an overall decrease this year for Ann Arbor condos, prices are slowly increasing and the market is doing okay. Whether you are looking to buy or sell a condo, contact the experts with The Bouma Group at (734)761-3060 or email info@bouma.com. To stay updated on the market statistics, check back here!