Category Archives: Ann Arbor Market Updates

Ann Arbor Real Estate Market Update – November 2017

More New Listings and Sales in November

November 2017 Ann Arbor Real Estate Statistics with Border

Market Update for November 2017

Both new listings and sales for Ann Arbor homes were up for the month of November. New listings entered were up 30% compared with last November, 73 vs. 56, with the average list price coming in at $500,023 vs. $443,054.  The number of sales was up 12.5%, 90 vs. 80, with the average days on the market at 38, down from 48. The average sale price was $405,669 compared with $409,972 this time last year. However, when looking at the year-to-date statistics, both listings and sales are down. There were 1383 new listings entered so far this year, compared with 1473 last year, and 1057 sales compared with 1116 last year. It is a very strong seller’s market with a 2.7 month supply of homes for sale overall. The $600k – $700k and $800k – $1 million price points are balanced with only the over $1 million in a buyer’s market with a large inventory.

If the Ann Arbor real estate market stays as busy in December, we may see the gaps narrow, but the year will most likely end with less sales and listings than in 2016. Be sure to check back for the December market update after the new year. Here at The Bouma Group, Realtors we already have a lot of great listings ready to hit the market in late winter and early spring. Be the first to know, contact us today for a sneak preview to see if any are the right match for you! 734-761-3060 or info@bouma.com

The Downs, Ann Arbor Real Estate Update

The Downs Real Estate Update – October 2017The Downs, Ann Arbor MI Subdivision of Estate Homes

Situated in beautiful Scio Township, The Downs is an estate style neighborhood with Dexter schools. There is currently 1 home listed for sale and so far this year, 0 have sold. In 2016, 1 home sold.

Home for Sale:

  • $850,000.  2735 Walters Way, Ann Arbor. 4295 sq. ft., +880 in finished lower level, 4 bedrooms and 5.1 baths. Sale Pending, Listed by The Bouma Group

Home Sold 2016:

  • $987,000.  2720 Walters Way, Ann Arbor. 4117 sq. ft., +1971 in finished lower level, 5 bedrooms and 3.2 baths.

Due to the small size of this subdivision, typically only 1 home sells per year. To view more market statistics, a neighborhood description and photos, visit The Downs web page. For more information on current listings and home values, contact the Real Estate specialists with The Bouma Group at 734-761-3060 or email info@bouma.com. View more Ann Arbor Neighborhoods here!

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Lake Forest, Ann Arbor Real Estate Update

Lake Forest Real Estate Update – October 2017Lake Forest Subdivision, Ann Arbor MI Neighborhood

Lake Forest is a beautiful subdivision of executive homes on the south side of Ann Arbor in Pittsfield Township. There are currently 7 homes listed for sale and so far this year, 2 have sold.

Homes for Sale:

  • $649,900.  4389 Westpark Ct., Ann Arbor. 3700 square feet with 4 bedrooms and 3.1 baths.
  • $620,000.  4193 W. Lake Forest Dr., Ann Arbor. 3469 sq. ft., +1224 in finished lower level, 3 bedrooms and 3.1 baths.
  • $589,900.  4475 E. Lake Forest Dr., Ann Arbor. 3636 sq. +1620 in finished lower level, 4 bedrooms and 4.1 baths.
  • $550,000.  4375 Lakeside Ct., Ann Arbor. 2158 sq. ft., +1135 in finished lower level, 5 bedrooms and 3 baths. Listed by The Bouma Group, Sale Pending
  • $549,900.  4362 Lakeside Ct., Ann Arbor. 2648 sq. ft., +1100 in finished lower level, 4 bedrooms and 3.1 baths. Sale Pending
  • $534,900.  4371 Lake Forest Dr., Ann Arbor. 3149 sq. ft., +1250 in finished lower level, 4 bedrooms and 2.1 baths. Sale Pending
  • $512,000.  1878 Orchardview, Ann Arbor. 2691 sq. ft., +1600 in finished lower level, 5 bedrooms and 3.1 baths.

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Ann Arbor Real Estate Market Update – August 2017

Positive Increases for Ann Arbor Real Estate

Ann Arbor Real Estate Statistics for August 2017
The Ann Arbor Real Estate market has experienced a lot of positive increases. For the month of August, the average sale price of homes rose 13% to $438,370 from $388,986 last August. Year-to-date, we’ve seen an increase in the number of new listing entered, 1106 vs. 1087 this time last year. The total number of sales dropped to 790 from 846, but the average sale price increased about 9%, going from $396,614 to $430,483. The overall average days on the market decreased from 33 to 29. Ann Arbor remains in a seller’s market with a 3.9 month supply of homes available for sale.

If we start to see an increase in inventory, the market could shift into a more balanced market. Right now, demand is outweighing supply and that is driving the prices upward. Thinking of selling? For a full market analysis of your home, contact the Ann Arbor Realtors at The Bouma Group today at 734-761-3060 or info@bouma.com. We are continually tracking pricing trends by neighborhood, price range, schools and more and have the marketing expertise to get your home sold quickly!

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Lakewood, Ann Arbor Real Estate Report

Lakewood Real Estate Report – August 2017Lakewood Subdivision, Ann Arbor MI Neighborhood

Lakewood is a picturesque Ann Arbor neighborhood surrounded by nature, it has First Sister and Second Sister Lakes, Dolph Park, along with 57 acres of nature area, it is also close to many amenities. There are currently 3 homes listed for sale and so far this year, 9 have sold.

Homes for Sale:

  • $569,000. 3107 Andrea Ct., Ann Arbor. 2405 sq. ft., + 800 in finished lower level, 4 bedrooms and 2.1 baths.
  • $285,000. 355 Hazelwood Ave., Ann Arbor. 1563 square feet with 3 bedrooms and 1.0 baths. Sale Pending
  • $285,000. 325 Hazelwood Ave., Ann Arbor. 1075 sq. ft., + 975 in finished lower level, 3 bedrooms and 2.0 baths.  Sale Pending

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Hickory Pointe Subdivision, Ann Arbor Real Estate Report

Hickory Pointe Real Estate Report – August 2017Hickory Pointe Subdivision, Ann Arbor MI Neighborhood

Hickory Pointe is an Ann Arbor Subdivision with a great location, one of it’s greatest assets is the large clubhouse and in-ground swimming pool. There are currently 6 homes listed for sale, and so far this year, 7 have sold.

Homes for Sale:

  • $395,900. 4974 Gingko Drive. 2793 square feet with 4 bedrooms and 2.1 baths. Sale Pending
  • $349,000. 4620 Shellbark Drive. 3004 sq. ft., + 900 in finished lower level, 5 bedrooms and 3.1 baths.
  • $345,000. 4958 Gingko Drive. 3100 square feet with 4 bedrooms and 3.1 baths. Sale Pending
  • $295,000. 5148 Blue Spruce Drive. 1780 sq. ft., + 1268 in finished lower level, 3 bedrooms and 3.0 baths. Sale Pending
  • $289,900. 4787 Shellbark Drive. 2446 square feet with 4 bedrooms and 2.1 baths.
  • $239,000. 4639 Hickory Pointe Boulevard. 1780 sq. ft., + 1300 in finished lower level, 6 bedrooms and 3.0 baths.

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Woodcreek Subdivision, Ann Arbor Real Estate Report

Woodcreek Real Estate Report- August 2017Woodcreek Subdivision, Ann Arbor MI Neighborhood

Woodcreek is an Ann Arbor neighborhood located in a serene environment with rolling terrain allowing for many lots to back to wooded or common areas. The homes were built for those with a busy lifestyle and therefore have floor plans that flow. There is currently 1 home listed for sale and so far this year, 2 have sold.

Homes for Sale:

  • $510,000. 1650 Woodcreek, Ann Arbor. 2693 sq. ft., + 1433 in finished lower level, 4 bedrooms and 2.2 baths. Sale Pending

Sold Homes:

  • $507,000. 1735 Brian Ct., Ann Arbor. 3232 sq. ft., + 1500 in finished lower level, 4 bedrooms and 3.1 baths.
  • $445,000. 1380 Creekbend Ct., Ann Arbor. 2789 sq. ft., + 200 in finished lower level, 4 bedrooms and 2.1 baths.

Last year at Woodcreek, 5 homes sold with an average sale price of $452,600 and an average price per square foot of $164.00. The 2  homes sold this year have an ASP of $476,000, up 5%, and an A$/SF of $158.00, down 4%. To learn more about home values at Woodcreek, contact the real estate specialists with The Bouma Group at (734)761-3060 or email info@bouma.com. View more Ann Arbor neighborhoods here!

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Walnut Ridge Subdivision, Ann Arbor Real Report

Walnut Ridge Real Estate Report – July 2017

Walnut Ridge is a luxury Ann Arbor neighborhood, the majority of homes were built by The Toll Brothers and are set on 1/2 to 1 acre lots. There is a real feeling of community, and despite paying township taxes, the children attend Ann Arbor Schools. There is currently 1 home for sale and so far this year, 2 have sold.Walnut Ridge Subdivision, Ann Arbor MI Neighborhood

Homes for Sale:

  • $995,000. 2217 Gray Fox Ct., Ann Arbor. 3769 sq. ft., + 1953 in finished lower level, 4 bedrooms and 3.1 baths. Sale Pending

Sold Homes:

  • $910,000. 2919 Whispering Woods Dr., Ann Arbor. 3998 sq. ft., + 1700 in finished lower level, 4 bedrooms and 4.1 baths. Listed by The Bouma Group
  • $896,100. 2554 Timber Trail Dr., Ann Arbor. 3792  sq. ft., + 1500 in finished lower level, 5 bedrooms and 4.1 baths. Listed by The Bouma Group

Last year at Walnut Ridge, 2 homes sold with an average sale price of $807,500 and an average price per square foot of $209.000. The 2 homes sold this year have an ASP of $903,050, up 12%, and an A$/SF of $232.00, up 11%. To learn more about homes values at Walnut Ridge contact the real estate specialists with The Bouma Group at (734)761-3060 or email info@bouma.com. View more Ann Arbor neighborhoods here!

 

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Vernon Downs, Ann Arbor Real Estate Report

Vernon Downs Real Estate Report – July 2017Vernon Downs Subdivision, Ann Arbor MI Neighborhood

Vernon Downs is a mature Ann Arbor neighborhood that is well desired because of it’s wonderful location and the homes gorgeous features, such as, hardwood flooring and fireplaces. There are currently 3 homes listed for sale and so far this year, 9 have sold.

Homes for Sale:

  • $389,000. 1819 Waltham Dr., Ann Arbor. 2378 square feet with 5 bedrooms and 2.1 baths.
  • $349,000. 2019 Runnymede Blvd., Ann Arbor. 1251 sq. ft., + 1000 in finished lower level, 3 bedrooms and 1.1 baths.
  • $299,000. 1725 Waverly Rd., Ann Arbor. 1164 sq. ft., + 700 in finished lower level, 3 bedrooms and 2.1 baths. Sale Pending

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Riverwood, Ann Arbor Real Estate Report

Riverwood Real Estate Report – August 2017

Riverwood is an Ann Arbor neighborhood with tasteful homes surrounded by nature, there are parks, creeks, trails and common areas throughout, and downtown is located only minutes away. There is currently 1 home for sale and so far this year, 4 have sold.Riverwood Subdivision, Ann Arbor MI Neighborhood

Home for Sale:

  • $459,900. 2114 Springwood Ct., Ann Arbor. 3242 square feet with 4 bedrooms and 2.1 baths. Sale Pending

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