Category Archives: Ann Arbor Homes

Ann Arbor Real Estate Report – July 2018

Increased Inventory for Ann Arbor Homes

Ann Arbor Residential Real Estate Report for July 2018

Compared to last month and last July, inventory has increased for Ann Arbor homes. As well, average sale prices have also risen for both this month and so far this year. This July, 7% more listings have been entered compared to the prior July, 146 homes versus 136. The average listing price saw a minimal decline compared to last July, from $491,264 to $490,390. Compared to July 2017, there has been a 5.6%  increase in the amount of homes sold this month from 124 units to 131. Although prices usually decrease with more available inventory, prices have actually risen for July. This month  the average sale price is $443,944, which is an increase of 11.6% compared to the ASP of $397,721 in the previous year. Luckily for home sellers, the average days on the market has decreased to 21 days. So far this year, 1018 homes have been entered into the MLS; this is a 4.3% growth compared to the amount of listings entered at this time last year. Unfortunately, only 655 homes have sold this year which is a slight decrease compared to 2017  which had 663 units sold. The average sale price for homes sold thus far in 2018 is $438,859, this is a slight increase in comparison to the ASP of $428,564 last year. It is still a seller’s market for Ann Arbor single family homes, with a month supply of 4.3. Homes priced from $500k to $800k are considered to be a balanced market. Like always, higher end homes, those above $800k, are a part of a buyer’s market. Continue reading

Ann Arbor Real Estate Report – June 2018

Low Inventory Encourages Prices to Climb

Ann Arbor Residential Real Estate Report for June

Although only slightly less, Ann Arbor homes saw a decrease in both listings and sales entered this June compared to the previous. The amount of new listings entered only differed by 1.5%, from 194 homes to 197 homes last June. Listing prices saw an increase of 5.9% though, with the average LP being $449,417 in 2017 and $475,710 currently. Properties sold in June declined by 4.3%, 139 versus 133 sold homes. However, the average sale price rose by 3.4% from $434,142 last June to $449,116 this year. Houses are being sold faster, with the average amount of days on the market being 18; this is great for sellers. So far this year, there is a 3.8% increase in homes listed from 840 in the year prior to 872 now. With the small increase of homes added to the market, prices have done the same, $477,729 versus 488,286; an increase of 2.2%. The amount of properties sold to date has decreased 3.3% from 540 to 522 sold homes. There has been minimal discrepancy between the average sale price so far this year compared to the previous year, $435,573 versus $437,914 currently. Overall, it is a seller’s market for Ann Arbor residential homes; especially for homes priced under $600k. Higher end homes, in the $600k to $1m range, are considered to be a part of a balanced market. As per usual, luxury homes that are over $1m are a buyer’s market. Continue reading

1607 Anderson Avenue, Ann Arbor MI Home with Updates

1607 Anderson Avenue, Ann Arbor MI 481041607 Anderson Avenue, Ann Arbor MI Home

Sold!! With a great central Ann Arbor location, this updated bungalow is just minutes from downtown, schools, parks, and shopping. Features include:

  • 1857 sq. ft., +418 in finished lower level, 3 bedrooms and 3 full baths.
  • Gleaming hardwood floors throughout most of the first level.
  • Kitchen has white cabinets and new stainless steel appliances.
  • Huge back yard with privacy fencing.
  • More photos & features
  • Virtual tour
  • MLS# 3258265
  • Listed for $359,000

To schedule a private showing for 1607 Anderson Avenue or request more information for this Ann Arbor home, contact the real estate specialists with The Bouma Group today at 734-761-3060 or info@bouma.com.

2480 Gale Road, Ann Arbor MI Home on 2+ Acres

2480 Gale Road, Ann Arbor MI 481052480 Gale Road, Ann Arbor MI Home with Acreage

SOLD! Beautiful country home on 2.2 acres with Ann Arbor schools. This 2-story offers:

  • 3985 square feet of living space with 5 bedrooms and 3 full baths.
  • Large elegant rooms make this home perfect for entertaining and family life.
  • Cherry wood paneled library has a cozy fireplace, leaded glass french doors, and lots of built-ins.
  • Huge vaulted kitchen opens to the dining area and living room with a wood burning stove.
  • More photos & features
  • Virtual tour
  • MLS# 3258132
  • Listed for $799,000

For more information or to request a private showing for 2480 Gale Road, contact the Ann Arbor Real Estate specialists with The Bouma Group today at 734-761-3060 or email info@bouma.com.

Ann Arbor Real Estate Report – May 2018

With a Rise in New Listings, Prices Slowly Begin to Lower for Ann Arbor Homes
Ann Arbor Residential Real Estate Report for May

Ann Arbor homes have seen an increase in the amount of  listings this May, compared to last; and with the additional inventory prices are beginning to slowly reduce. An impressive increase of 53.4% more listings were entered this May compared to last May, 224 homes listed versus 146. And although listing prices are lower, it is only a decline of less than 0.5%, from $496,037 to $494,320. Continue reading

3656 Whispering Oaks, Ann Arbor Home in Briar Hill

3656 Whispering Oaks, Ann Arbor MI 481083656 Whispering Oaks Drive, Ann Arbor MI Home at Briar Hill subdivision

SOLD! Spacious contemporary style home with a lush back yard in Briar Hill subdivision close to shopping, restaurants, freeways and more. Details include:

  • 3066 square feet of living space with 4 bedrooms and 3 baths.
  • Vaulted living room, gracious formal dining room, and family room with fireplace and coffered ceiling.
  • Kitchen has a hardwood floor, stainless appliances, center island, built-in desk, dining space.
  • More photos & features
  • MLS# 3257015
  • Listed for $499,900

For more information on 3656 Whispering Oaks Drive or to schedule a private showing, contact the Ann Arbor Realtors with The Bouma Group at 734-761-3060 or info@bouma.com. View photos and details for Briar Hill subdivision here!

Ann Arbor Real Estate Report – April 2018

Buyer’s and Seller’s Market Dependent on Price Range

Ann Arbor Real Estate Report May 2018

 

For Ann Arbor homes, listings were slightly down and sales increased in April compared to 2017. New listings decreased a small percentage of 1% in comparison to April last year, 173 versus 175. Although there is minimal decline in the amount of listings, according to the Ann Arbor Area Board of Realtors, the average listing price increased from $478,871 to $510,951. The number of sales rose 35% compared to the previous year, from 75 homes sold to 101; along with it, the average sale price increased by 5%, $414,281 versus $435,787. When looking at the average days on the market, only one day differed from this April compared to last, this year had 1 more day equaling 22 days on average. Looking at the year to date statistics, listings are lower. This year, 454 listings have been entered thus far, versus the 496 listings entered in 2017. But, the homes sold since the beginning of the year have a higher volume compared to last year, with 270 homes sold versus 247 in 2017. Homes sold under $400k are a seller’s market, and becomes stronger as the price range reduces. Mid-range homes are part of a balanced market, creating negotiation between buyers and sellers. Higher end homes, such as those above $800k, are considered to be a buyer’s market, with it being most intense in the 1 million dollar + range.

Looking ahead, it should be a solid year for Ann Arbor residential homes. Whether you are looking to sell or buy, contact the real estate specialists with The Bouma Group at (734)761-3060 or email info@bouma.com. And stay tuned for next month’s real estate report for Ann Arbor homes!

2059 Delaware Drive, Ann Arbor Home in Lansdowne

2059 Delaware Drive, Ann Arbor MI 481032059 Delaware Drive, Ann Arbor MI Home in Lansdowne Subdivision

SOLD! Traditional cape cod with gleaming hardwood floors throughout most of the home in the popular Lansdowne neighborhood. Details include:

  • 2148 sq. ft., +700 in finished lower level, 4 bedrooms and 2.1 baths.
  • Kitchen is remodeled with cherry cabinets, granite counters and stainless appliances.
  • Spacious master bedroom suite offers a private, updated bathroom and a walk-in closet.
  • Within walking distance of Lawton Elementary and Lawton Park.
  • More photos & features
  • MLS#3256817
  • Listed for $538,000

To inquire about 2059 Delaware Drive or request a private showing, please contact the Ann Arbor Real Estate specialists with The Bouma Group today at 734-761-3060 or email info@bouma.com. View photos and information for Lansdowne subdivision here!

3240 Dunwoodie, Ann Arbor MI Home for Sale

3240 Dunwoodie, Ann Arbor MI 481053240 Dunwoodie, Ann Arbor MI Home at Arbor Hills Subdivision

SOLD! Beautiful contemporary home located on the north side of town in the popular Arbor Hills subdivision. Features include:

  • 2066 sq. ft., + 1200  in the finished walk-out, 4 bedrooms and 2.2 baths.
  • Stylish kitchen offers granite counters, new stainless appliances, a tile backsplash and adjoining breakfast nook.
  • Soaring vaulted living room has a cozy fireplace, hardwood flooring and flows into the dining room.
  • Desirable first floor master bedroom suite.
  • More photos and features
  • Virtual tour
  • MLS# 3256270
  • Listed for $420,000

For more information on 3240 Dunwoodie or to set up a private showing, contact the Ann Arbor Real Estate specialists at The Bouma Group at 734-761-3060 or info@bouma.com. View photos and amenities for Arbor Hills subdivision here!

3735 Tanglewood Court, Ann Arbor MI Home with Pool

3735 Tanglewood Court, Ann Arbor MI 481053735 Tanglewood Court, Ann Arbor MI 48105 Home in Tanglewood Subdivision

SOLD! Immaculate, well maintained home located on Ann Arbor’s north side in Tanglewood subdivision. Features include:

  • 3491 sq. ft., +1138 in finished lower level, 4 bedrooms and 3.1 baths.
  • Everything you need in the chef’s kitchen with adjoining breakfast nook with skylights.
  • 4-Season room overlooks the in-ground swimming pool.
  • 3-car garage, plus a detached 2-car garage with a lift for 2 more cars, plus a full bath.
  • More photos and features
  • Virtual tour
  • MLS# 3255631
  • Listed for $665,000

To request more information for 3735 Tanglewood Court or schedule a private showing, contact the Ann Arbor Real Estate specialists with The Bouma Group today at 734-761-3060 or email info@bouma.com. Learn more about Tanglewood subdivision here!