Category Archives: Ann Arbor Market Updates

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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Ann Arbor Real Estate Market – 2nd Quarter 2017

Ann Arbor Real Estate Update

Ann Arbor Real Estate Statistics for July 2017
As the second quarter comes to an end, Ann Arbor Real Estate is in a seller’s market with a 4.5 month supply of homes overall. The number of listings is at it’s highest for the year with 494 homes for sale, but demand remains high and more than half of these listings are under contract with a buyer. Over $600k, things slow down a bit and it’s more of a buyer’s market in these price points due to the higher inventory.

It’s always a great time to sell your home, but now is the best! The summer market is still going strong and spring buyers that haven’t found the perfect home yet are just waiting for new listings. Wondering what your home is worth? Don’t count on a computer generated Zestimate, contact the real estate specialists with The Bouma Group today at 734-761-3060 or email info@bouma.com. We know the nuances of each Ann Arbor neighborhood and how to properly price your home for the market at that moment. Want to know what’s selling in your area? Get a FREE market snapshot here!

 

Forestbrooke, Ann Arbor Real Estate Update

Forestbrooke Real Estate Update – June 2017Forestbrooke, Ann Arbor MI Neighborhood

There is currently 1 home listed for sale in Forestbrooke subdivision and so far this year, 3 have sold.

Home for Sale:

  • $275,000.  2806 Lillian, Ann Arbor. 1426 sq. ft., +672 in finished lower level, 3 bedrooms and 1.1 baths.

Sold Homes:

  • $247,000.  2906 Brandywine, Ann Arbor. 1411 sq. ft., +450 in finished lower level, 4 bedrooms and 2.1 baths.
  • $218,000.  2920 Brandywine, Ann Arbor. 1676 square feet with 3 bedrooms and 2 baths.
  • $185,000.  2840 Lillian, Ann Arbor. 2038 square feet with 4 bedrooms and 2.1 baths.

Last year at Forestbrooke, 10 homes sold with an average sale price of $246,950 and an average price per square foot of $151.00. The 3 sold this year have an ASP of $216,667 and an A$/SF of $132.00. The decrease in the ASP and A$/SF can be attributed to the sale of 2840 Lillian, which sold for such a low price due to needing a complete remodel. Keep up-to-date with new listings and sales for this neighborhood on it’s website here. And for information on any Ann Arbor subdivision, contact us at The Bouma Group, Realtors at 734-761-3060 or email info@bouma.com.