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.

Sold Condos:

• $112,000. 1376 square feet with 2 bedrooms and 2 baths. Foreclosure
• $120,000. 1376 square feet with 2 bedrooms and 2 baths.

Due to the large number of foreclosures at Heatherwood condos, 2011 sale prices have declined by 44% when compared to a high in 2006 when the average sale price was $159,718. Prices most likely won’t begin to rise until the foreclosures have cycled out. This is great news for condo buyers looking for a great deal! To learn more about condo prices at Heatherwood, or the nearby Ann Arbor condos at Fox Glen, Meadow Grove, or Heritage Falls contact us today at The Bouma Group, your Ann Arbor real estate specialists at 734-761-3060 or info@bouma.com. Have you visited Ann Arbor’s Condo Hotline yet? View photos, floor plans, recent sold and new listing information!

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.

Sold Condos:

• $118,000. 1382 square feet with 2 bedrooms and 2 baths. Listed by The Bouma Group
• $125,000. 1382 square feet with 2 bedrooms and 2 baths. Listed by The Bouma Group
• $125,000. 1382 square feet with 2 bedrooms and 2 baths. Listed by The Bouma Group

Comparing 2011 to 2010, condo prices at Fox Pointe have remained about the same and have risen from the low in 2009. The Bouma Group has listed and sold many Fox Pointe condos and knows this market very well. If you’d like to know more about these Ann Arbor condos, or the nearby Heatherwood, Weatherstone, or Valley Ranch condos, contact us today at 734-761-3060 or info@bouma.com. Check out our Ann Arbor Condo Hotline – a terrific source for listing data, recent sold information, by-laws, floor plans and more for Washtenaw County condominiums!

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.

Sold Condos:

• $190,000. 1800 square feet with 2 bedrooms and 2 baths.
• $234,500. 1750 square feet with 2 bedrooms and 2 baths.

The 2 Nature Cove condos that sold in 2011 had an average sale price of $212,250 and average price per square foot of $119.78. Compared with only 1 sale in 2010, the ASP is down 3%, but the A$/SF is up by 11%. The Bouma Group tracks all Ann Arbor Condos and knows the trends, so to find out more about Nature Cove, or the nearby Berkshire Creek, Brentwood Square or Huron Chase condos, contact us, the Ann Arbor real estate specialists, at 734-761-3060 or info@bouma.com. And for instant current listing and sold data, plus photos, floor plans and more – visit Ann Arbor’s Condo Hotline, Washtenaw County’s #1 source for condo information!

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

Due to the small size of the Morningside condo complex, units rarely come up for sale. The last unit to sell was in 2009 and sold for $220,000 and $134.72 per square foot. As you can see, the foreclosure unit that is listed right now is priced significantly below that and is a great bargain for an Ann Arbor condo buyer. For more information on Morningside, or the nearby condos at Country Village, Castleridge Commons, or Walden Hills, contact The Bouma Group, Ann Arbor real estate specialists at 734-761-3060 or info@bouma.com. Check out the Ann Arbor Condo Hotline for instant listing and sold information, amenities, floor plans, by-laws and more!

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.

In 2010 at Meadow Grove, 3 condos sold with an average sale price of $176,500 and average price per square foot of $110.61. Compared with 2011, the ASP rose 5% to $185,142 and the A$/SF rose 5% to $116.59. These are both great indicators that prices at Meadow Grove have stabilized and are even beginning to rise. To learn more about prices at Meadow Grove, or the nearby Ann Arbor condos at Oak Meadows, Heritage Falls, or Weatherstone contact The Bouma Group, Ann Arbor Realtors at 734-761-3060 or info@bouma.com. To view up to the minute listing and sold data for all of Ann Arbor, visit the Condo Hotline – Washtenaw County’s #1 source for condo information!

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

Condo for Rent:

• $1200/month. 1283 square feet with 3 bedrooms and 2.1 baths.

Rented Condo:

• $1350/month. 1242 square feet with 3 bedrooms and 2.1 baths.

Last year at Madison Place, 5 condos sold (4 were short sales) with an average sale price of $112,600 and average price per square foot of $78.83. No sales this year is an indication that sellers are upside down in their mortgages and unable to sell at today’s lower prices. To find out more about condo prices at Madison Place, or the nearby Ann Arbor Condos at Turnberry Village, Arbor Heights, or Creekwood contact The Bouma Group, Ann Arbor Realtors today at 734-761-3060 or info@bouma.com. And to view current listing and sold information, floor plans, photos, site maps and more, click over to our Ann Arbor Condo Hotline – Washtenaw County’s premier source for condo data!

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

Sold Condo:

• $143,500. 1386 sq. ft. +693 in finished lower level, 3 bedrooms and 2.1 baths.

Condo Rented:

• $1550/month. 1509 sq. ft. +500 in finished lower level, 3 bedrooms and 1.1 baths.

Last year at Mallett’s Wood, 1 condo sold for $163,000 which is quite a bit higher than the sale this year. We will continue to monitor sales here and keep you updated, so be sure to check back regularily. For more information on Mallett’s Wood, or the nearby Landmark Pine, Creekwood, or Georgetown Commons, contact the Ann Arbor Condo specialists at The Bouma Group today at 734-761-3060 or info@bouma.com. To view instant active and sold info, plus by-laws, floor plans and photos, visit the Ann Arbor Condo Hotline here – Washtenaw County’s #1 resource!

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.

Rented Condo:

• $2250/month. 1088 sf +544 in finished lower level, 2 bedrooms and 2.1 baths.

Last year at The Armory, no condos sold, but the year before 1 condo sold for $330,800 with an average price per square foot of $207.55. The condo that sold this year had an A$/SF of $217.53, which is up 5% from the previous sale. Due to the small number of units at The Armory, few condos come up for sale. For more information and instant notification of new listings at The Armory, or the nearby downtown Ann Arbor Condos at Wickliffe Place, Nielsen Square, or Riverside Park Place, contact the real estate experts at The Bouma Group at 734-761-3060 or info@bouma.com. For complex photos, current listing and sold data, by-laws and more, be sure to visit Ann Arbor’s Condo Hotline for the most up to date info!

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.

The largest change is once again in the $400-500k range, where the months supply of condos went up by 20% when compared to last month. In September there were 4 closings in this price range, while in October there were only 2 with no new condos listed for sale. This increase puts this price range back into a solid buyer’s market. The $300-$400 range is still in a balanced market. The $500k-$1M price point saw 1 new listing at Ashley Mews and over $1M mark things have remained unchanged with no sales and no new condos coming to the market.

In the real estate market, if there is less than a 5 month supply of homes on the market, you are in a seller’s market. A 5-7 month supply of homes is a balanced market. Anything over 7 months is a buyer’s market. The under $100k market is still in a seller’s market, with the $100k-200k and $300k-400k in a balanced market, and the remaining price ranges in a buyer’s market.

Inventory for the Ann Arbor condo rental market remained the same, but the number of sales in the past 12 months declined by 8 units. It continues to be very strong, as sellers are choosing to rent their units, and the month’s supply is at a very low 1.3.

Although there aren’t big changes happening in the Ann Arbor condo market, it is still a great time to sell or buy. Inventory is at the lowest point of the year making it less competitive and Ann Arbor mortgage interest rates are at historic lows allowing condo buyers to get even more for their money. To learn more about condo values in Ann Arbor or about the excellent opportunities available to purchase a condo for yourself or as an income property, contact us today at 734-761-3060 or info@bouma.com. For instant listing and sold data, plus floor plans, by-laws and amenities, visit Ann Arbor’s Condo Hotline – Washtenaw County’s #1 source for condominium information!

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.

The last condo sale at One North Main was in 2007 and that unit sold for $690,000 with an average price per square foot of $276.00 which is a bit lower than the sale this year at $284.44. Condos at One North Main do not come up for sale very often, so to find out about new listings, contact The Bouma Group at 734-761-3060 or info@bouma.com and we can get you set up on our instant notification system. To find out more about One North Main condos, or the nearby Ashley Terrace, Ashley Mews, or Liberty Lofts visit our Ann Arbor Real Estate website where you can see all local condominium complexes. And for immediate listing and sold data, plus photos, by-laws and more, check out the Ann Arbor Condo Hotline, Washtenaw County’s #1 source for condominium information.