Category Archives: Ann Arbor Market Updates

Barton Hills, Ann Arbor Real Estate Update

Barton Hills Real Estate Report – June 2018

Barton Hills is an esteemed Ann Arbor neighborhood with beautifully designed homes. The well known subdivision has large, secluded lots with mature vegetation; and of course the Barton Hills Country Club is a central feature. There are currently 4 homes listed for sale and so far this year, 6 have sold.Barton Hills Ann Arbor MI

Homes for Sale:

  • $4,950,000. 660 Barton Shore Dr., Ann Arbor. 9648 sq. ft., + 4608 in finished lower level, 6 bedrooms and 7.5 baths.
  • $1,500,000. 800 Oakdale Rd., Ann Arbor. 6610 square feet with 6 bedrooms and 5.1 baths.

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Ann Arbor Condo Report – May 2018

Prices Increase for Ann Arbor Condominiums

Ann Arbor Condo Report - MayIn all aspects, prices have increased for Ann Arbor condos in May; this is most likely because inventory has declined. This May, 87 new listings were entered which is 2.2% decrease compared to the 89 units last May.  The average listing price rose a sizable 22.6%, from $265,209 to $325,026. With less condos listed, units are generally on the market for 20 days; which is 10 days less compared to May 2017. There is a decline of 16.5% less condos sold this May compared to the previous, 66 sold condos versus 79. The average selling price for Ann Arbor condos is $261,307, which is a decent increase of 11% from $235,619. So far this year, there has been 21 less listings entered in comparison to the previous year when 343 listings were entered. Average listing prices thus far have increased 13% though, from $300,708 to $340,005. Similarly, selling prices have also rose from $251,891 to $280,017, which is a difference of 11.2%. There was a 18.9% decline in the amount of sales so far this year compared to last, 189 sold condos versus 233. In general, it is a seller’s market for Ann Arbor condos, especially for inexpensive units that are below $300k. Condos that are sold above $400k are considered a buyer’s market though.

With less inventory, sales are rising and because of this Ann Arbor condos are moving towards a more balanced market. Whether you are looking to buy or to sell your condo, contact the condo experts with The Bouma Group at (734)761-3060 or email info@bouma.com. Check back here for more information about the Ann Arbor market!

 

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

Sunnyside, Ann Arbor Real Estate Report

Sunnyside Real Estate Report – June 2018

Sunnyside is a charming Ann Arbor neighborhood with a park inside, as well as  amenities located within walking distance. The mature subdivision offers full grown trees throughout, and beautiful features within the homes. There are currently 3 homes listed for sale and so far this year, 3 homes have sold.Sunnyside Subdivision, Ann Arbor MI

Homes for Sale:

  • $365,000. 1527 Granada Ave., Ann Arbor. 1110 sq. ft., + 1000 in finished lower level, 3 bedrooms and 2.0 baths.
  • $349,900. 1950 Coronada St., Ann Arbor. 1329 sq. ft., + 500 in finished lower level, 3 bedrooms and 2.0 baths. Sale Pending
  • $285,000. 1816 Palomar Dr., Ann Arbor. 988 square feet with 3 bedrooms and 1.0 baths.

Sold Homes:

  • $500,000. 1900 Coronada St., Ann Arbor. 2235 sq. ft., + 1024 in finished lower level, 5 bedrooms and 2.1 baths.
  • $355,000. 1951 Alhambra Dr., Ann Arbor. 1635 sq. ft., + 1100 in finished lower level, 3 bedrooms and 2.0 baths.
  • $325,000. 1520 Granada Ave., Ann Arbor. 988 sq. ft., + 900 in finished lower level, 3 bedrooms and 2.0 baths.

Last year at Sunnyside, 5 homes sold with an average sale price of $329,807 and an average price per square foot of $238.00.  The 3 homes sold this year have an ASP of $393,333, up 19%, and an A$/SF of $257.00, up 8%. To learn more about home values at Sunnyside, contact the real estate experts with The Bouma Group at (734)761-3060 or email info@bouma.com. View more Ann Arbor neighborhoods here!

 

Smokler Bolgos, Ann Arbor Real Estate Report

Smokler Bolgos Real Estate Report – June 2018

Smokler Bolgos is a traditional Ann Arbor neighborhood with 2 story colonial and cape cod homes. Within the subdivision, there is Sugar Bush Park and a swim club, and beside is the Thurston Nature Center. There are currently no homes listed for sale and so far this year, 1 has sold.Smokler Bolgos Neighborhood, Ann Arbor MI

Sold Homes:

  • $425,000. 3429 Gettysburg Rd., Ann Arbor. 1852 sq. ft., + 500 in finished lower level, 4 bedrooms and 2.0 baths.

Last year at Smokler Bolgos, 3 homes sold with an average sale price of $349,667, and an average price per square foot of $204.00. The 1 home sold this year has a sale price of $425,000, up 22%., and a price per square foot of $229.00, up 12%. In comparison, the average square footage of the homes sold in 2017 were 125+ square feet less than the home sold this year. To learn more about home values at Smokler Bolgos, contact the real estate specialists with The Bouma Group at (734)761-3060 or email info@bouma.com. View more Ann Arbor neighborhoods 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!

Boulder Ridge, Ann Arbor Subdivision Report for 2017

Boulder Ridge Year End Report – 2017Boulder Ridge Subdivision, Ann Arbor MI Homes

2017 was a decent year for Boulder Ridge with 3 houses sold. The amount of sales decreased by 6 houses compared to the previous year.

Sold Homes:

  • $500,000.  8055 Boulder Ridge Ct., Ann Arbor. 3064 sq. ft., +1500 in finished lower level, 4 bedrooms and 3.1 baths.
  • $395,000.  8026 Boulder Ridge Ct., Ann Arbor. 2780 sq. ft., +1000 in finished lower level, 4 bedrooms and 2.1 baths.
  • $347,000. 3001 Green Valley Dr., Ann Arbor. 1775 sq. ft., + 246 in finished lower level, 3 bedrooms and 2.1 baths.

While there were less sales at Boulder Ridge in 2017, the average sales price rose by 22% going from $338,956 in 2016 to $414,000 in 2017. The average price per square did not fare as well and dropped 7%, going from $180.00 in 2016 to $167.00 in 2017. Keep up to date with what is being listed and sold at this Ann Arbor neighborhood by checking the webpage here for updates! For more information, contact the real estate specialists with The Bouma Group today at 734-761-3060 or email info@bouma.com.

Hometown Village of Ann Arbor Subdivision Report for 2017

Hometown Village of Ann Arbor Year End Report – 2017

2017 was a terrific year for Hometown Village of Ann Arbor, with 11 homes sold; The Bouma Group being involved with 1 of them. The amount of sale increased by 4 homes compared to the previous year. Offers ranged from being similar and distant to the listing price.Hometown Village of Ann Arbor

Sold Homes:

  • $398,000. 1311 Timmins Dr., Ann Arbor. 1954 sq. ft., + 700 in finished lower level, 3 bedrooms and 2.2 baths.
  • $380,000. 1371 North Bay, Ann Arbor. 2755 sq. ft., + 1000 in finished lower level, 4 bedrooms and 3.1 baths.
  • $379,900. 1484 Chapleau Dr., Ann Arbor. 2730 square feet with 3 bedrooms and 2.1 baths.
  • $371,000. 1281 Timmins Dr., Ann Arbor. 1849 sq. ft., + 550 in finished lower level, 5 bedrooms and 3.1 baths. Listed by The Bouma Group
  • $370,000. 1668 Chapleau Dr., Ann Arbor. 1842 sq. ft., + 800 in finished lower level, 4 bedrooms and 2.2 baths.
  • $365,000. 1620 Chapleau Dr., Ann Arbor. 1990 sq. ft., + 600 in finished lower level, 4 bedrooms and 2.1 baths.
  • $362,501. 1264 Timmins Dr., Ann Arbor. 1750 sq. ft., + 800 in finished lower level, 3 bedrooms and 3.1 baths.
  • $360,000. 1304 North Bay, Ann Arbor. 3073 square feet with 4 bedrooms and 2.1 baths.

For a complete list of Sold Homes at Hometown Village of Ann Arbor, contact us at (734)761-3060

So far this year, 1 home has sold in Hometown Village of Ann Arbor with a sale price of $396,000, which is an increase of 8.5% compared to the average sale price of $364,391 in 2017. The average price per square foot for the 11 homes sold in 2017 is $171.00, which is an increase of 11% in comparison to the A$/SF of $154.00 in year prior. For more details and information about Hometown Village of Ann Arbor, contact the real estate specialists with The Bouma Group at (734)761-3060 or by emailing info@bouma.com. View the previous market report for Hometown Village of Ann Arbor here!

Foxfire, Ann Arbor Subdivision Report for 2017

Foxfire Year End Report – 2017

2017 was a fantastic year for Foxfire with 12 homes sold, and The Bouma Group was involved with 1 of them. The amount of sales increased by 2 houses compared to the previous year. Offers below the listing price were frequently accepted which makes the purchasing process easier for buyers.Foxfire, Ann Arbor, MI

Homes Sold:

  • $460,000. 2345 Hickory Point Dr., Ann Arbor. 2940 sq. ft., + 900 in finished lower level, 4 bedrooms and 2.1 baths.
  • $460,000. 2525 Mallard Ct., Ann Arbor. 2832 sq. ft., + 700 in finished lower level, 4 bedrooms and 2.1 baths
  • $450,000. 3187 Otter Creek Ct., Ann Arbor. 2849 sq. ft., + 800 in finished lower level, 4 bedrooms and 2.1 baths.
  • $443,400. 3122 Fairhaven Ct., Ann Arbor. 2438 sq. ft., + 800 in finished lower level, 4 bedrooms and 2.1 baths.
  • $440,000. 2408 Tamarack Ct., Ann Arbor. 2239 square feet with 3 bedrooms and 2.1 baths.
  • $439,900. 2255 Woodhaven Ct., Ann Arbor. 2950 square feet with 4 bedrooms and 3.1 baths.
  • $407,000. 3174 Redland Ct., Ann Arbor. 2518 square feet with 4 bedrooms and 2.1 baths.
  • $387,900. 3167 Otter Creek Ct., Ann Arbor. 2144 sq. ft., + 1000 in finished lower level, 4 bedrooms and 2.1 baths. Listed by The Bouma Group

For a complete list of Sold Homes at Foxfire, Ann Arbor, contact us (734)761-3060.

The 12 condos sold in Foxfire in 2017 have an average sale price of $406,990, which is an increase of 4% compared to the ASP of $391,638 in the year prior. Currently, there are 3 condos listed for sale. The average price per square foot in 2017 is $171.00, which is an increase of 9% in comparison to the A$/SF of $157.00 in 2016. For more details and information about Foxfire, contact the real estate specialists with The Bouma Group at (734)761-3060 or by emailing info@bouma.com. View the previous market report for Foxfire here!

Country French Estates, Ann Arbor Subdivision Report for 2017

Country French Estates Year End Report – 2017

2017 was a great year for Country French Estates with 15 homes sold, and The Bouma Group was involved with 2 of them. The amount of sales decreased by 4 homes compared to the previous year. Frequently, the sale price was above the listing price, which is beneficial for the seller.Country French Estates, Ann Arbor MI

Homes Sold:

  • $467,000. 5804 Villa France, Ave., Ann Arbor. 3133 sq.ft., + 1200 in finished lower level, 4 bedrooms and 2.1 baths.
  • $427,500. 6022 Versailles Ave., Ann Arbor. 2853 square feet with 4 bedrooms and 2.1 baths. Sold by The Bouma Group
  • $415,000. 5605 Villa France Ave., Ann Arbor. 2870 square feet with 4 bedrooms and 2.1 baths.
  • $400,000. 5920 Quebec Ave., Ann Arbor. 2075 sq. ft., + 1000 in finished lower level, 3 bedrooms and 3.1 baths.
  • $398,000. 5909 Villa France Ave., Ann Arbor. 2692 square feet with 3 bedrooms and 2.1 baths. Listed by The Bouma Group
  • $395,000. 5936 Villa France Ave., Ann Arbor. 2887 square feet with 4 bedrooms and 2.1 baths.
  • $380,000. 6168 Gabrielle Ave., Ann Arbor. 2705 square feet with 3 bedrooms and 2.1 baths.
  • $375,000. 5721  Le Blanc Ave., Ann Arbor. 1971 sq. ft., + 900 in finished lower level, 4 bedrooms and 3.1 baths.

For a complete list of Sold Homes at Country French Estates, contact us at (734)761-3060.

So far this year, 2 homes have sold in Country French Estates with an average sale price of $378,800, which is a slight decrease compared to the ASP of $381,765 last year. There are also 7 homes currently listed for sale.  The average price per square foot for the 15 homes sold in 2017 is $179.00, which is also a slight decrease in comparison to the A$/SF of $182.00 in the year prior. For more details and information about Country French Estates, contact the real estate specialists with The Bouma Group at (734)761-3060 or by emailing info@bouma.com. View the previous market report for Country Estates here!