Category Archives: Ann Arbor Real Estate Trends

Ann Arbor Real Estate Market Update – April 2017

Ann Arbor Home Inventory Reaches New Low

Ann Arbor Real Estate Statistics for April 2017

Inventory for Ann Arbor homes has reached a new Spring low, and is down 4% from this time last year, based on data from the Ann Arbor Area Board of Realtors. This is beginning to affect the number of home sales with 6% less homes closing this April compared with last April. The lack of supply is creating a larger demand and as a result, average sale prices are rising and days on the market are decreasing. The average DOM is 21 compared with 35 and the ASP is up 4.5% at $414,281 vs. $396,224 last April.

With the continued price increases in the Ann Arbor area, your home may be worth a lot more than you think! For more information on the current market conditions or to find out what your home is worth, contact the Ann Arbor Real Estate specialists with The Bouma Group at 734-761-3060 or info@bouma.com. Search the MLS for homes here!

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Barton Hills, Ann Arbor Real Estate Report

Barton Hills Real Estate Report – May 2017Barton Hills Neighborhood, Ann Arbor MI 48105

There are currently 6 homes listed for sale at the exclusive Barton Hills neighborhood and so far this year, 2 have sold.

Homes for Sale:

  • $5,900,000.  660 Barton Shore Dr., Ann Arbor. 9648 sq. ft., +4608 in the finished lower level, 6 bedrooms and 7.5 baths.
  • $1,695,000.  800 Oakdale, Ann Arbor. Ann Arbor. 6610 square feet with 6 bedrooms and 5.1 baths.
  • $1,649,000.  180 Underdown, Ann Arbor. 4987 sq. ft., +1600 in finished lower level, 6 bedrooms and 4.2 baths. Sale Pending
  • $950,000.  490 Barton Shore Dr., Ann Arbor. 2737 sq. ft., +850 in finished lower level, 3 bedrooms and 2 baths.
  • $899,900.  2815 Whitmore Lake Rd., Ann Arbor. 4423 sq. ft., +1700 in finished lower level, 5 bedrooms and 5.1 baths.
  • $795,000.  239 Barton Shore Dr., Ann Arbor. 3116 sq. ft., +706 in finished lower level, 4 bedrooms and 2.1 baths.

Sold Homes:

  • $1,310,000.  310 Corrie Rd., Ann Arbor. 6892 sq. ft., +1600 in finished lower level, 6 bedrooms and 5.1 baths.
  • $1,100,000.  741 Oakdale Rd., Ann Arbor. 3846 sq. ft., 954 in finished lower level, 4 bedrooms and 2.3 baths.

Last year at Barton Hills, 4 homes sold with an average sale price of $932,000 and an average price per square foot of $254.00. The 2 sold so far this year have an ASP of $1,205,000, up 29%, and an A$SF of $238.00, down 6%. To learn more about home values at Barton Hills or to be notified when a new listing hits the market, contact us at The Bouma Group, Realtors at 734-761-3060 or email info@bouma.com. View more Ann Arbor Neighborhoods here!

Eagle Ridge Condos, Ann Arbor Market Report

Eagle Ridge, Ann Arbor Condo Report – May 2017Eagle Ridge Condos, Ann Arbor Real Estate

There are currently 0 condos listed for sale at Eagle Ridge and last year, 4 condos sold.

Sold Condos:

  • $220,000.  1035 Bluestem Lane, Ann Arbor. 1372 square feet with 2 bedrooms and 2.1 baths.
  • $215,000.  2153 Pennsylvania, Ann Arbor. 1614 square feet with 3 bedrooms and 2.1 baths.
  • $203,000.  1006 Bluestem Lane, Ann Arbor. 1316 square feet with 2 bedrooms and 2.1 baths.
  • $199,900.  1051 Bluestem Lane, Ann Arbor. 1158 square feet with 2 bedrooms and 2.1 baths.

In 2015, 5 Eagle Ridge condos sold with an average sale price of $195,400 and an average price per square foot of $146.00. The 4 sold this year have an ASP of $209,475, up 7%, and an A$SF of $155.00, up 6%. To learn more about market values, new listings for sale, and amenities at Eagle Ridge, contact the real estate specialists with The Bouma Group, Realtors today at 734-761-3060 or email us at info@bouma.com. Search for Ann Arbor Condos here!

Eberwhite Neighborhood, Ann Arbor Real Estate Report

Eberwhite Real Estate Report – April 2017Eberwhite Neighborhood, Ann Arbor Subdivision Home

There are currently 18 homes listed for sale in the Eberwhite neighborhood and so far this year, 10 have sold.

Homes for Sale:

  • $975,000.  432 Eberwhite Blvd., Ann Arbor. 3032 sq. ft., +1190 in finished lower level, 5 bedrooms and 3.1 baths.
  • $549,900.  1214 S. 7th St., Ann Arbor. 2042 sq. ft., +1600 in finished lower level, 4 bedrooms and 2.1 baths.
  • $499,900.  328 Crest Ave., Ann Arbor. 1448 square feet with 4 bedrooms and 2.1 baths.
  • $499,900.  1919 Peppermill Way, Ann Arbor. 2564 square feet with 4 bedrooms and 3 baths. Sale Pending
  • $485,000.  1016 W. Madison, Ann Arbor. 1622 sq. ft., +939 in finished lower level, 3 bedrooms and 3 baths.
  • $479,900.  1730 Fair St., Ann Arbor. 2399 square feet with 5 bedrooms and 3 baths. Sale Pending
  • $475,000.  611 Eberwhite, Ann Arbor. 1480 square feet with 3 bedrooms and 2 baths.
  • $449,000.  1217 Meadowbrook, Ann Arbor. 1595 sq. ft., +1100 in finished lower level, 4 bedrooms and 2.1 baths. Sale Pending
  • $359,000.  1809 Fair St., Ann Arbor. 1550 square feet with 3 bedrooms and 1.1 baths. Sale Pending
  • $349,900.  1044 W. Liberty, Ann Arbor. 1215 sq. ft., +222 in finished lower level, 3 bedrooms and 2 baths. Sale Pending
  • $325,000.  309 S. Seventh, Ann Arbor. 1080 sq. ft., +211 in finished lower level, 2 bedrooms and 2.1 baths. Sale Pending
  • $235,000.  1209 Birk Ave., Ann Arbor. 768 square feet with 2 bedrooms and 1 bath. Sale Pending
    • For a complete list of properties, contact us at 734-761-3060 or info@bouma.com

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The Uplands of Scio Ridge, Ann Arbor Market Update

The Uplands of Scio Ridge Market Update – March 2017The Uplands of Scio Ridge, Ann Arbor Subdivision

There is currently 1 home listed for sale at The Uplands of Scio Ridge and last year, 9 homes sold.

Home for Sale:

  • $575,000.  1748 Chicory Ridge, Ann Arbor. 3094 sq. ft., +1500 in finished lower level, 4 bedrooms and 4.1 baths. Sale Pending

Sold Homes:

  • $567,900.  3224 Bellflower Ct., Ann Arbor. 3065 sq. ft., +1716 in finished lower level, 5 bedrooms and 4 baths.
  • $514,000.  1714 Chicory Ridge, Ann Arbor. 2652 sq. ft., +1260 in finished lower level, 5 bedrooms and 3.1 baths.
  • $499,000.  1747 Chicory Ridge, Ann Arbor. 3194 square feet with 4 bedrooms and 2.1 baths.
  • $487,900.  1784 Chicory Ridge, Ann Arbor. 2754 sq. ft., +1300 in finished lower level, 5 bedrooms and 3.1 baths. Listed by The Bouma Group
  • $480,000.  3201 Rockcress Ct., Ann Arbor. 2885 sq. ft., +966 in finished lower level, 4 bedrooms and 3.1 baths.
  • $460,000.  1769 Cranberry Ct., Ann Arbor. 2724 sq. ft., +1100 in finished lower level, 4 bedrooms and 2.1 baths.
  • $436,400.  1908 Snowberry Ridge, Ann Arbor. 2603 sq. ft., +586 in finished lower level, 4 bedrooms and 2.1 baths.
  • $433,500.  1733 Chicory Ridge, Ann Arbor. 2826 sq. ft., +300 in finished lower level, 3 bedrooms and 3.1 baths.
  • $424,700.  1936 Hedgenettle Ct., Ann Arbor. 2304 square feet with 4 bedrooms and 2.1 baths.

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Willow Pond, Ann Arbor Real Estate Report

Willow Pond Real Estate Report – March 2017Willow Pond Subdivision, Ann Arbor MI with Ypsilanti Mailing

There are currently 0 homes listed for sale at Willow Pond subdivision and last year, 4 homes sold.

Sold Homes:

  • $255,000.  4124 Plum Ridge Drive. 2240 square feet with 4 bedrooms and 2.1 baths.
  • $245,000.  4061 Plum Ridge Drive. 1511 sq. ft., +1250 in finished lower level, 3 bedrooms and 3 baths. Listed by The Bouma Group
  • $240,000.  4148 Plum Ridge Drive. 1521 sq. ft., +100 in finished lower level, 3 bedrooms and 2 baths.
  • $210,000.  4098 Willow Pond Drive. 2380 square feet with 4 bedrooms and 2.1 baths. Sold by The Bouma Group

In 2015, 3 homes sold with an average sale price of $231,667 and an average price per square foot of $115.00.  The 4 homes sold last year have an ASP of $237,500, up 3%, and an A$SF of $237,500, up 14%. We have listed and sold many homes in Willow Pond over the years and know this neighborhood very well! For more information on home values, sold properties, or to be notified when a new listing hits the market, contact us at The Bouma Group, Realtors at 734-761-3060 or email info@bouma.com. Thinking of listing your home? Find out what it’s worth here!

Rolling Meadow Estates, Ann Arbor Real Estate Report

Rolling Meadow Estates Real Estate Report – March 2017Rolling Meadow Estates Subdivision, Ypsilanti with Ann Arbor Schools

There are currently 2 homes listed for sale at Rolling Meadows Estates and last year, 5 homes sold.

Homes for Sale:

  • $289,900.  4049 Lark Lane. 2342 square feet with 4 bedrooms and 2.1 baths.
  • $262,000.  4141 Rolling Meadow Lane. 2033 sq. ft., +350 in finished lower level, 4 bedrooms and 2.1 baths.

Sold Homes:

  • $346,000.  4040 Lark Lane. 2495 square feet with 4 bedrooms and 2.1 baths.
  • $287,500.  4119 Inglewood Drive. 2188 sq. ft., +800 in finished lower level, 3 bedrooms and 2.2 baths. Listed by The Bouma Group
  • $245,000.  4148 Rolling Meadow Lane. 1891 sq. ft., +900 in finished lower level, 3 bedrooms and 2.1 baths. Listed by The Bouma Group
  • $235,000.  4200 Rolling Meadow Lane. 1546 square feet with 3 bedrooms and 2 baths.
  • $191,000.  4110 Rolling Meadow Lane. 1891 sq. ft., +500 in finished lower level, 3 bedrooms and 2.1 baths.

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Hickory Grove Estates, Ann Arbor Real Estate Update

Hickory Grove Estates Real Estate Report – March 2017Hickory Grove Estates, Ann Arbor Subdivision

There are currently 0 homes listed for sale at Hickory Grove Estates and last year, 2 homes sold.

Sold Homes:

  • $285,000.  5779 Glen Creek Court, Ann Arbor. 2152 square feet with 4 bedrooms and 2.1 baths.
  • $265,000.  3248 Potomac Court, Ann Arbor. 1639 square feet with 3 bedrooms and 2.1 baths.

3 homes sold in 2015 with an average sale price of $291,300 and an average price per square foot of $134.00.  The 2 homes sold last year have an ASP of $275,000, down 5%, and an A$SF of $147.00, up 10%. For more information on Hickory Grove Estates home values, new listings, and more, contact the real estate specialists with The Bouma Group today at 734-761-3060 or email info@bouma.com. View more Ann Arbor neighborhoods here!

University Palisades, Ann Arbor Real Estate Update

University Palisades Real Estate Update – March 2017University Palisades Subdivision Home

There is currently 1 home listed for sale at University Palisades subdivision and last year, 7 homes sold.

Home for Sale:

  • $316,900.  3599 Century Trail, Ypsilanti. 2200 sq. ft., + 1400 in finished lower level, 4 bedrooms and 2.1 baths. Sale Pending

Sold Homes:

  • $300,000. 3758 Palisades Blvd., Ypsilanti. 2189 sq. ft., +1000 in finished lower level, 3 bedrooms and 3.1 baths.
  • $300,000.  3790 Fieldcrest Lane, Ypsilanti. 2350 sq. ft., +1040 in finished lower level, 4 bedrooms and 2.1 baths.
  • $295,000.  3764 Palisades Blvd., Ypsilanti. 2136 sq. ft., +900 in finished lower level, 4 bedrooms and 3.1 baths.
  • $280,000.  3611 Fieldcrest Lane, Ypsilanti. 2162 sq. ft., +900 in finished lower level, 4 bedrooms and 3.1 baths.
  • $278,000.  3614 Fieldcrest Lane, Ypsilanti. 2188 square feet with 4 bedrooms and 2.1 baths.
  • $278,000.  3602 Fieldcrest Lane, Ypsilanti. 2188 sq. ft., +900 in finished lower level, 4 bedrooms and 3.1 baths.
  • $270,000.  3542 Fieldcrest Lane, Ypsilanti. 2136 square feet with 4 bedrooms and 2.1 baths. Listed by The Bouma Group

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Ann Arbor Condo Market Update – February 2017

It’s Time to List Your Ann Arbor Condo!

Ann Arbor Condo Statistics for February 2017

As we are closing in on the Spring condo market, Ann Arbor is in desperate need of listings! At the end of February, there were 143 units for sale, compared with 153 in 2016, and 160 in 2015. Ann Arbor condos are selling faster than ever with the average days on the market dropping from 45 in 2016 to 33 this year. The number of units sold year-to-date has decreased a bit, with 64 condos sold compared with 69 this time last year. This is most likely attributed to less condos available for purchase. We generally see inventory begin to pick up in March and April as the weather warms up. Once you get over the $500,000 price point, inventory is greater. Over $1,00,000, there are 8 condos for sale – 6 of them new construction in downtown Ann Arbor – and only 1 unit is under contract with a buyer.

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