Ann Arbor Condo Real Estate Update – February 2012

Heatherwood Condos, Ann Arbor is a moderately sized complex with a convenient south side location. The great facilities include an in-ground pool, clubhouse, volleyball, picnic areas and more. There are currently 2 condos for sale, 2 for rent, and since our last update in September, 2 units have sold.

Condos Listed for Sale:

• $79,900. 1252 square feet with 2 bedrooms and 2 baths. Foreclosure & Sale Pending
• $125,000. 1190 square feet with 2 bedrooms and 2 baths. Short Sale

Condos for Rent:

• $1200/month. 1100 square feet with 2 bedrooms and 2 baths.
• $1300/month. 1252 square feet with 2 bedrooms and 2 baths.

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Ann Arbor Condo Real Estate Update – February 2012

Fox Pointe Condos, Ann Arbor have a great location near shopping, restaurants, area freeways and more, making them a popular choice among Ann Arbor condo buyers. These stacked ranch units feature numerous upgrades and many back to either the pond or wooded areas. There is currently 1 condo listed for rent and in 2011, 3 condos rented and 3 condos sold.

Condo Listed for Rent:

• $1395/month. 1382 square feet with 2 bedrooms and 2 baths.

Rented Condos:

• $1200/month. 1382 square feet with 2 bedrooms and 2 baths.
• $1350/month. 1382 square feet with 2 bedrooms and 2 baths.
• $1350/month. 1382 square feet with 2 bedrooms and 2 baths.

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Ann Arbor Condo Real Estate Update – February 2012

Nature Cove Condos, Ann Arbor are located on the east side of town, within walking distance of parks and shopping. Situated in a residential neighborhood, Nature Cove offers a quiet setting with pond and wooded views. There are currently 3 condos listed for sale and in 2011, 2 condos sold.

Condos Listed for Sale:

• $169,900. 1458 square feet with 2 bedrooms and 2 baths. Sale Pending
• $187,500. 1656 square feet with 2 bedrooms and 2 baths. Sale Pending
• $219,900. 1656 square feet with 3 bedrooms and 2 baths.

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Ann Arbor Condo Real Estate Update – January 2012

Morningside Condos, Ann Arbor are located on the west side of town, off of Maple just north of Scio Church. This small collection of Ann Arbor condos features 20 detached units in a private cul-de-sac setting. There is currently 1 condo listed for sale and in 2011, 0 condos sold.

Condo Listed for Sale:

• $164,900. 1930 square feet with 3 bedrooms and 2.1 baths. Foreclosure

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Ann Arbor Condo Real Estate Update – January 2012

Meadow Grove Condos, Ann Arbor is a moderately sized complex located on the south side of town in Pittsfield Township. Comprised of mainly 2 story units, each condo features a basement and attached garage. There are currently 0 condos listed for sale and in 2011, 7 condos sold and 1 was rented.

Sold Condos:

• $153,000. 1491 square feet with 3 bedrooms and 3.1 baths. Short Sale
• $170,000. 1666 sq. ft. +600 in finished lower level, 3 bedrooms and 3.1 baths.
• $188,000. 1491 sq. ft. +650 in finished lower level, 3 bedrooms and 3.1 baths. Sold by The Bouma Group
• $192,000. 1622 sq. ft. +600 in finished lower level, 3 bedrooms and 3.1 baths.
• $195,000. 1491 sq. ft. +650 in finished lower level, 3 bedrooms and 3.1 baths.
• $199,000. 1759 sq. ft. +600 in finished lower level, 3 bedrooms and 3.1 baths.
• $199,000. 1622 sq. ft. +600 in finished lower level, 3 bedrooms and 3.1 baths.

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Ann Arbor Condo Real Estate Update – December 2011

Madison Place Condos, Ann Arbor are located on the south east side of town, within walking distance of many modern amenities. These brownstone style condos feature spacious floor plans and many upgrades. There is currently 1 condo listed for sale, 1 listed for rent and so far this year, 1 condo has been rented.

Condo for Sale:

• $79,900. 1445 square feet with 3 bedrooms and 1.1 baths. Foreclosure

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Ann Arbor Condo Real Estate Report – December 2011

Malletts Wood Condos is a small complex of contemporary units in a beautiful setting. These spacious Ann Arbor condos are packed with features and back to a wooded area and park. There is currently 1 condo listed for sale and so far this year, 1 condo has rented and 1 condo has sold.

Condo Listed for Sale:

• $169,000. 1509 sq. ft. +650 in finished lower level, 3 bedrooms and 2.1 baths. Short Sale & Under Contract

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Downtown Ann Arbor Condo Market Update – December 2011

The Armory, Downtown Ann Arbor Condos are located in one of the cities most distinguished buildings. These sought-after Ann Arbor Lofts retain many of the original architectural features, and have been updated with modern amenities. There are currently 0 units for sale and so far this year, 1 unit has sold and 1 has been rented.

Sold Condo:

• $355,000. 1632 square feet with 3 bedrooms and 2.1 baths.

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The Ann Arbor Condo Market Remains Steady

The fall real estate market is in full swing and for Ann Arbor condos overall, we are seeing few changes when comparing October to September. Inventory declined slightly and remains at its lowest point for the entire year. There are currently 238 units listed for sale, which is only down 2% from last month. The number of condos under contract with a buyer also decreased, as well as sales for the past 12 months. While most price points are in a buyer’s market, the overall market continues to be in a balanced market with a 5.7 month supply of condos, as condos listed at $200k and under are in a seller’s market and is generally what’s selling.

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Downtown Ann Arbor Condo Market Update – November 2011

One North Main Condos, Downtown Ann Arbor are situated right in the heart of the vibrant downtown area. These exclusive condominiums offer a prime location, luxurious units, secure underground parking, and amazing views. There are currently 0 units for sale and so far this year, 1 unit has sold.

Sold Condo:

• $462,500. 1626 square feet with 2 bedrooms and 2 baths.

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