Category Archives: Ann Arbor Real Estate Trends

Chapel Hill, Ann Arbor Condo Market Report

Chapel Hill Condo Report – February 2017Chapel Hill Condo, Ann Arbor MI 48105

There are currently 0 condos listed for sale at Chapel Hill and in 2016, 24 condos sold.

Sold Condos:

  • $192,000.  3320 Burbank Dr., Ann Arbor. 1401 sq. ft., +300 in finished lower level, 3 bedrooms and 2.1 baths.
  • $190,000.  3182 Bolgos Cir., Ann Arbor. 1430 square feet with 3 bedrooms and 2.1 baths.
  • $188,000.  3502 Burbank Dr., Ann Arbor. 1280 square feet with 3 bedrooms and 2.1 baths.
  • $185,000.  3512 Burbank Dr., Ann Arbor. 1280 square feet with 3 bedrooms and 2.1 baths.
  • $184,500.  3411 Burbank Dr., Ann Arbor. 1456 square feet with 3 bedrooms and 2.1 baths.
  • $178,800.  3110 Bolgos Cir., Ann Arbor. 1280 sq. ft., +300 in finished lower level, 3 bedrooms and 1.2 baths.
  • $169,081.  3270 Bolgos Cir., Ann Arbor. 1401 sq. ft., +300 in finished lower level, 3 bedrooms and 1.1 baths.
  • $160,000. 3273 Bolgos Cir., Ann Arbor. 1138 sq. ft., +200 in finished lower level, 2 bedrooms and 1.1 baths.
  • $155,000.  3115 Bolgos Cir., Ann Arbor. 1188 square feet with 2 bedrooms and 1.1 baths.
  • $141,000.  3389 Burbank, Ann Arbor. 1020 sq. ft., +200 in finished lower level, 2 bedrooms and 1 bath.
    • For a complete list of sold properties, contact us at 734-761-3060

In 2015 at Chapel Hill, 20 homes sold with an average sale price of $165,928 and an average price per square foot of $132.00. The 24 condo sold this year had an ASP of $170,408, up 3%, and an A$SF of $139.00, up 5%. When comparing current values to the low in 2009, the ASP is up 68% from $101,350 and the A$SF is up 76% from 79.04. For more information on Chapel Hill, contact the Ann Arbor Condo specialists with The Bouma Group, Realtors at 734-761-3060 or email info@bouma.com today!

Bridgefield Estates, Ann Arbor Subdivision Report

Bridgefield Estates Real Estate Report – February 2017Bridgefield Estates Subdivision, Ann Arbor MI Neighborhood in Pittsfield Township

There are currently 0 homes listed for sale at Bridgefield Estates and last year, 3 homes sold.

Sold Homes:

  • $313,531.  3116 Bridgefield Dr., Ann Arbor. 2414 square feet with 4 bedrooms and 2.1 baths.
  • $285,000.  3191 Crimson Court, Ann Arbor. 2407 square feet with 4 bedrooms and 2.1 baths.
  • $239,000.  3031 Rosefield Dr., Ann Arbor. 1955 square feet with 3 bedrooms and 2.1 baths.

In 2015 at Bridgfield Estates, just 1 home sold with a sale price of $230,000 and average price per square foot of $97.00. This particular home was a short sale and sold for below the neighborhood average. The 3 homes sold in 2016 had an average sale price of $279,177 and A$SF of $124.00. View more information, market statistics, current listings and more for Bridgefield Estates here and if you have any questions about this Ann Arbor subdivision, contact us at The Bouma Group, Realtors today at 734-761-3060 or email info@bouma.com.

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Walden Hills Condos, Ann Arbor Market Update

Walden Hills Condo Report – February 2017Walden Hills Condos, Ann Arbor MI 48103

There are currently 0 condos listed for sale at Walden Hills and in 2016, 25 condos sold.

Sold Condos:

  • $117,000.  2152 Pauline Blvd. #105, Ann Arbor. 1173 square feet with 2 bedrooms and 2 baths.
  • $113,900.  2126 Pauline Blvd. #203, Ann Arbor. 1173 square feet with 2 bedrooms and 2 baths.
  • $110,000.  1235 S. Maple #101, Ann Arbor. 1173 square feet with 2 bedrooms and 2 baths.
  • $106,000.  2126 Pauline Blvd. #204, Ann Arbor. 927 square feet with 1 bedroom and 1 bath.
  • $103,800.  2124 Pauline Blvd. #308, Ann Arbor. 927 square feet with 1 bedroom and 1 bath.
  • $101,000.  1245 S. Maple #305, Ann Arbor. 1173 square feet with 2 bedrooms and 2 baths.
  • $99,645.  1315 S. Maple #307, Ann Arbor. 1173 square feet with 2 bedrooms and 2 baths.
  • $99,000.  2142 Pauline Blvd. #304, Ann Arbor. 927 square feet with 1 bedroom and 1 bath. Listed by The Bouma Group
  • $95,000.  2104 Pauline Blvd. #106, Ann Arbor. 927 square feet with 1 bedroom and 1 baths. Sold by The Bouma Group
    • For a complete list of closed sales, contact us at 734-761-3060 or info@bouma.com

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Country Village, Ann Arbor Condo Market Report

Country Village Condo Report – February 2017Country Village Condos, Ann Arbor MI 48103

There are currently 0 active listings at Country Village, a small condo complex on the west side of Ann Arbor. Last year, 2 units sold.

Sold Condos:

  • $250,000.  2542 Country Village, Ann Arbor. 1500 square feet with 4 bedrooms and 3 baths. Listed by The Bouma Group
  • $220,000.  2545 Country Village, Ann Arbor. 1560 square feet with 2 bedrooms and 2.1 baths.

In 2015 at Country Village, 0 units sold and in 2014, 2 units sold with an average sale price of $217,000 and average price per square foot of $162.00. The 2 condos sold last year have an ASP of $235,000, up 8% and an A$SF of 154.00, down 5% (but that may be contributed to improper square footage reporting in tri-level units). For more information on condo prices, new listings, and sold units at Country Village, contact us at The Bouma Group, Realtors today at 734-761-3060 or email info@bouma.com. View all Ann Arbor Condo complexes here!

Arbor Hills Subdivision, Real Estate Market Report

Ann Arbor Real Estate Report – February 2017Arbor Hills II, Ann Arbor MI Home in Superior Township

There are currently 0 homes listed for sale at the luxurious Arbor Hills subdivision. In 2015, 2 homes sold and in in 2016, 1 home sold.

Home Sold in 2016:

  • $875,000.  3578 Northbrooke, Superior Twp. 6096 square feet with 6 bedrooms and 5.1 baths.

Homes Sold in 2015:

  • $975,000.  3616 Northbrooke, Superior Twp. 6005 square feet with 5 bedrooms and 5.2 baths.
  • $845,000.  3593 Northbrooke, Superior Twp. 5183 square feet with 4 bedrooms and 4.1 baths.

In 2015, the 2 homes sold had an average sale price of $910,000 and an average price per square foot of $163.00. The 1 home that sold in 2016 had an average sale price of $875,000, down 4%, and an average price per square foot of $144.00, down 12%. For more information on home sales and values at Arbor Hills, contact us at The Bouma Group, Realtors at 734-761-3060 or email info@bouma.com. View more Ann Arbor Neighborhoods here!

 

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Ann Arbor Condo Market Update – December 2016

A Great Year for Ann Arbor Condos!

Ann Arbor Condo Market Statistics for December 2016
Everything is looking UP for Ann Arbor Condos! According to the Ann Arbor Area Board of Realtors, in 2016 the number of new listings that came to the market increased from 720 to 771, up 7%. The number of listings sold for the year also increased by 7%, and the average sale price increased by 10.55%, coming in at $228,524 from $206,702 in 2015. The number of days on the market decreased from 34 days to 29 days. The numbers for just the month of December 2016, when compared with the previous December, are fairly similar with the exception of the number of condos sold, which was down slightly- 32 from 36 in 2015.

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Ann Arbor Real Estate Market Update – December 2016

Lack of Listings Drive Ann Arbor Real Estate Prices Upward

Ann Arbor Real Estate Statistics for December 2016

As has been the trend for most of the year, new real estate listings are down, sales are steady, and prices are up. According to the Ann Arbor Area Board of Realtors, new Ann Arbor home listings decreased by 12% when comparing December of this year to December of last year. Home sales decreased slightly from 84 in 2015 to 81 in 2016. And, the average sale price rose 8%, from $362,452 in ’15 to $390,381 in ’16.

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The Top Real Estate Resolutions (And How to Keep Them)

How to Keep Your Real Estate Resolutions

Want to visit the gym more? Finally complete the home improvement project you’ve been working on? Save money for that new watch/car/house/vacation? January 1 is the perfect time to jump start your goals. If you’re like most people, according to Money Magazine, you probably have “stay fit,” “spend less,” or “enjoy the most out of life” on your list of New Year’s resolutions.

Did a few real estate goals make it on your list, too? You’re not alone. Here are a few of the most popular home-buying or home-selling goals, and a few tips on how to achieve them.

Buy Your First Home

Making Real Esate Resolutions Happen - New HomeownersYou’re ready to take that first step to home ownership in the New Year. You likely already have an area or neighborhood in mind, and you have a few features that you’d like in your new home.

How to keep it: Buying a home is a major project. It may be easier for you to achieve this goal if you set smaller, more manageable goals, such as putting aside money every month for a down payment, reviewing your budget, and researching reputable lenders. Continue reading

Country French Estates, Ann Arbor Market Report

Ann Arbor Real Estate Report – December 2016Country French Estates, Ann Arbor MI 48103

Located on the west side, this Ann Arbor subdivision has seen an uptick in recent sales. There are currently 2 homes listed for sale at Country French Estates and so far this year, 19 have sold.

Homes for Sale:

  • $380,000.  5721 LeBlanc, Ann Arbor. 1971 sq., +900 in finished lower level, 4 bedroom and 3.1 baths. Sale Pending
  • $368,000.  6168 Gabrielle, Ann Arbor. 2705 square feet with 3 bedrooms and 2.1 baths. Sale Pending

Sold Homes:

  • $395,000.  5815 Villa France, Ann Arbor. 2305 square feet 4 bedrooms and 2.1 baths.
  • $393,500.  5693 Villa France, Ann Arbor. 2299 sq. ft., +900 in finished lower level, 4 bedrooms and 2.1 baths.
  • $390,000.  5800 Quebec, Ann Arbor. 2002 sq. ft., +1064 in finished lower level, 3 bedrooms and 3.1 baths.
  • $383,000.  5608 Versailles, Ann Arbor. 2858 square feet with 4 bedrooms and 2.1 baths. Sold by The Bouma Group
  • $370,000.  5644 Leblanc, Ann Arbor. 2077 sq. ft., +900 in finished lower level, 4 bedrooms and 2.1 baths.
  • $367,000.  5645 Villa France, Ann Arbor. 1754 sq. ft., +900 in finished lower level, 4 bedrooms and 4 baths.
  • $324,900.  5692 Versailles, Ann Arbor. 1741 sq. ft., +800 in finished lower level, 3 bedrooms and 2.1 baths.
    • For a complete list of sold homes, contact us at 734-761-3060 or email info@bouma.com

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Alpine, Ann Arbor Condo Market Report

Ann Arbor Condo Market Report – December 2016Alpine Condos, Ann Arbor MI 48108

It has been a busy year for Alpine condo sales. There are currently 0 units listed for sale and in 2016, 6 units have sold.

Sold Condos:

  • $182,500.  3220 Alpine Drive, Ann Arbor. 1280 square feet, +250 in finished lower level, 2 bedrooms and 2.1 baths.
  • $181,000.  3314 Alpine Drive, Ann Arbor. 1280 square feet with 3 bedrooms and 2.1 baths.
  • $172,000.  3238 Alpine Drive, Ann Arbor. 1280 square feet, +400 in finished lower level, 3 bedrooms and 2.1 baths. Listed by The Bouma Group
  • $170,000.  3204 Alpine Drive, Ann Arbor. 1280 square feet, +500 in finished lower level, 2 bedrooms and 2.1 baths.
  • $163,000.  3318 Alpine Drive, Ann Arbor. 1280 square feet, +640 in finished lower level, 2 bedrooms and 2.1 baths.
  • $161,000.  3224 Alpine Drive, Ann Arbor. 1280 square feet, +450 in finished lower level, 2 bedrooms and 2.1 baths.

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