Category Archives: Ann Arbor Real Estate Trends

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.

Gallery Park, Ann Arbor Condo Market Update

Gallery Park Condo Market Update – June 2017Gallery Park Condos, Ann Arbor MI 48103

There is currently 1 condo listed for sale at Gallery Park and so far this year, 4 have sold.

Condo for Sale:

  • $385,000.  5538 Gallery Park, Ann Arbor. 2335 square feet with 3 bedrooms and 2.1 baths.

Sold Condos:

  • $365,000.  5615 Gallery Park, Ann Arbor. 1559 sq. ft., +1000 in finished lower level, 3 bedrooms and 3 baths.
  • $317,000.  5535 Gallery Park, Ann Arbor. 1651 sq. ft., +771 in finished lower level, 4 bedrooms and 3.1 baths.
  • $315,000.  5552 Gallery Park, Ann Arbor. 1651 square feet with 3 bedrooms and 2.1 baths.
  • $277,000.  5614 Gallery Park, Ann Arbor. 1652 square feet with 3 bedrooms and 2.1 baths.

Last year, 9 condos sold with an average sale price of $322,154 and an average price per square foot of $183.00. The 4 sold this year have an ASP of $318,500 and an A$/SF of $196.00. To learn more about values at Gallery Park or any Ann Arbor Condo complex, contact us at The Bouma Group, Realtors today at 734-761-3060 or email info@bouma.com.

Liberty Glen, Ann Arbor Real Estate Report

Liberty Glen Real Estate Report – June 2017Liberty Glen Subdivision, Ann Arbor MI Real Estate

There is currently 1 home listed for sale at Liberty Glen subdivision, located on the west side of Ann Arbor, and so far this year 3 have sold.

Home for Sale:

  • $399,500.  360 Burr Oak, Ann Arbor. 2266 sq. ft., +821 in finished lower level, 3 bedrooms and 3.1 baths.

Sold Homes:

  • $385,000.  648 Burr Oak, Ann Arbor. 1991 sq. ft., +500 in finished lower level, 3 bedrooms and 2.1 baths.
  • $350,000.  682 Trego Circle, Ann Arbor. 1802 sq. ft., +600 in finished lower level, 3 bedrooms and 2 baths.
  • $300,000.  2986 Atterberry, Ann Arbor. 1942 square feet with 3 bedrooms and 2.1 baths.

Last year at Liberty Glen, 3 homes sold with an average sale price of $345,833 and an average price per square foot of $177.00. The 3 homes sold this year have an ASP of $345,000 and A$/SF of $181.00, both almost the same as last year. Home values continue to rise at Liberty Glen since the low in 2008 when the ASP was $249,250 and the A$/SF was 123.96. Keep up with trends at this Ann Arbor neighborhood, contact us today at 734-761-3060 or email info@bouma.com and we can talk about your home’s value and buying and selling needs!

What’s Hot in Home Design This Summer

Hot Summer Home Design Tips!

Bright sunshine, warmer days, and a ton of new trends come with the change in season, and this summer certainly won’t disappoint. In the real estate world, these new trends revolve around the latest and greatest in wall colors and decorations, space savers, and creative living arrangements. We have our eye on a few interesting home design ideas and hot home features that we think you’re going to love!

laptop sitting on marble countertop

Marble: A Sophisticated Look for Summer

Whether natural or imitation, marble is one of the top home décor trends for summer 2017. Designers are incorporating this luxe look into bathrooms and kitchens as expected, but they’re also taking it to everything from flower vases to side tables. Continue reading

Hollywood Park, Ann Arbor Subdivision Report

Hollywood Park Real Estate Report – June 2017Hollywood Park Subdivision, Ann Arbor Neighborhood Real Estate Report

There is currently 1 home listed for sale in the Hollywood Park neighborhood on the west side of Ann Arbor and so far this year, 6 have sold.

Home for Sale:

  • $289,000.  1146 Ravenswood, Ann Arbor. 1876 sq. ft., +286 in finished lower level, 4 bedrooms and 1.1 baths.

Sold Homes:

  • $295,205.  3012 Sequoia Pkwy, Ann Arbor. 1449 sq. ft., +1000 in finished lower level, 2 bedrooms and 3 baths.
  • $295,000.  1365 Kuehnle St., Ann Arbor. 1428 sq. ft., +300 in finished lower level, 3 bedrooms and 1.1 baths. Sold by The Bouma Group
  • $285,000.  618 Duane, Ann Arbor. 1050 sq. ft., +800 in finished lower level, 4 bedrooms and 2 baths. Sold by The Bouma Group
  • $280,000.  2631 Bernice, Ann Arbor. 1414 sq. ft., +700 in finished lower level, 3 bedrooms and 1.1 baths.
  • $269,900.  1225 Ravenwood, Ann Arbor. 1428 sq. ft., +650 in finished lower level, 4 bedrooms and 1.1 baths.
  • $267,000.  2643 Bernice, Ann Arbor. 1074 square feet with 3 bedrooms and 1.1 baths.

Last year at Hollywood Park, 11 homes sold with an average sale price of $272,691 and an average price per square foot of $174.00. The 6 sold this year have an ASP of $277,975, up 2% and an A$SF of $211.00, up 21%. Home values have continued to climb since the low in 2011, see the statistics here. To learn more about home values, new listings, and more for Hollywood Park, contact the real estate specialists with The Bouma Group today at 734-761-3060 or email info@bouma.com. View more Ann Arbor Subdivisions here!

Fleming Creek, Ann Arbor Real Estate Update

Fleming Creek Real Estate Report – June 2017Fleming Creek Subdivision, Ann Arbor MI Homes

There are currently 0 homes listed for sale at Fleming Creek, an upscale neighborhood on the north side of Ann Arbor. So far this year, 2 homes have sold and last year, 3 homes sold.

Homes Sold 2017:

  • $475,000.  4725 Parkside Court, Ann Arbor. 2569 sq. ft., +702 in finished lower level, 4 bedrooms and 3.1 baths.
  • $467,000.  4822 N.Ridgeside Court, Ann Arbor. 3008 sq. ft., +2000 in finished lower level, 4 bedrooms and 3.1 baths.

Homes Sold 2016:

  • $475,000.  4993 S. Ridgeside Court, Ann Arbor. 2728 sq. ft., +880 in finished lower level, 4 bedrooms and 3.1 baths. Listed & Sold by The Bouma Group
  • $400,000.  4976 S. Ridgeside Circle, Ann Arbor. 1999 sq. ft., +680 in finished lower level, 3 bedrooms and 3.1 baths.
  • $390,000.  2400 Parkside Drive, Ann Arbor. 2001 sq. ft., +800 in finished lower level, 3 bedrooms and 4 baths.

The 3 homes sold last year have an average sale price of $421,667 and an average price per square foot of $190.00. The 2 sold this year have an ASP of $471,000, up 12%, and an A$SF of $170.00, down 10.5%. To be notified of new listings or learn more about Fleming Creek, contact the real estate specialists with The Bouma Group today at 734-761-3060 or email info@bouma.com. View more Ann Arbor Subdivisions here!

Brownstone, Downtown Ann Arbor Condo Report

Brownstone, Ann Arbor Condo Report – May 2017Brownstone Condos, Downtown Ann Arbor Mi

There a currently 0 units listed for sale at the quaint Brownstone condo community. So far this year, 0 have sold and in 2016, 1 sold.

Sold Condo:

  • $432,000.  505 Detroit St., #2, Ann Arbor. 1560 square feet with 1 bedroom, a study, and 2 baths.

Since there are only 8 units here, they rarely come to the market. The unit sold last year has an average price per square foot of $277.00. There were 2 sales in 2012 that had an A$SF of $297.00 with an average sale price of $373,250.  To receive immediate notification of new listings at Brownstone or in downtown Ann Arbor, contact us at The Bouma Group today at 734-761-3060 or email info@bouma.com. Start your Ann Arbor Condo search here!

Ann Arbor Condo Market Report – April 2017

Strong Spring Market for Ann Arbor Condos

Ann Arbor Condo Statistics for April 2017

The spring real estate market has been good for Ann Arbor Condos despite a lull in new listings. This time last year there were 251 condos listed for sale compared with this year’s 213. Sales are up slightly, going from 230 to 238 and the average days on the market is down to 35 from 44 last April. The most notable change is the average sale price, which has risen 10.5%, from $168,950 to $186,750. It continues to be a seller’s market with a 3.2 month supply of condos available. Continue reading

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!