Category Archives: Ann Arbor Real Estate

Stonebridge Estates, Ann Arbor Real Estate Report

Stonebridge Estates Real Estate Report – September 2020

This Ann Arbor neighborhood is actually a collection of a few different subdivisions. All of the homes at Stonebridge Estates are spacious though, with magnificent exteriors. Currently, 3 homes are listed for sale and so far this year, 9 have sold. The Bouma Group is involved with 1 of the listings and 2 of the sold homes.

Homes for Sale:

  • $649,900. 5004 Lohr, Ann Arbor. 3300 square feet with 4 bedrooms and 2.1 baths.
  • $625,000. 4770 Saint Andrews Court, Ann Arbor. 2535 sq. ft., + 1250 in the finished lower level; 3 bedrooms and 3.0 baths. Listed by The Bouma Group
  • $599,000. 2064 Bay Hill Court, Ann Arbor. 2428 sq. ft., + 1312 in the finished lower level; 5 bedrooms and 3.1 baths.

Homes Sold in 2020:

  • $970,000. 4322 Boulder Pond Drive, Ann Arbor. 4860 sq. ft., + 2024 in the finished lower level; 6 bedrooms and 4.2 baths.
  • $710,000. 2060 Bay Hill Court, Ann Arbor. 3240 sq. ft., + 1700 in the finished lower level; 4 bedrooms and 4.1 baths.
  • $610,000. 1713 Stonebridge Drive, Ann Arbor. 3270 square feet with 4 bedrooms and 3.1 baths. Listed by The Bouma Group
  • $600,000. 1747 Cypress Point Court, Ann Arbor. 3228 sq. ft., + 1056 in the finished lower level; 4 bedrooms and 3.1 baths. Sold by The Bouma Group
  • $567,000. 1765 Stonebridge Drive, Ann Arbor. 2860 sq. ft., + 1315 in the finished lower level; 4 bedrooms and 3.1 baths.
  • $555,000. 4285 Boulder Pond Drive, Ann Arbor. 3166 sq. ft., + 625 in the finished lower level; 5 bedrooms and 3.1 baths.
  • $342,900. 4044 Boulder Pond Drive, Ann Arbor. 1182 sq. ft., + 800 in the finished lower level; 3 bedrooms and 3.0 baths.
  • $330,000. 4076 Boulder Pond Drive, Ann Arbor. 1182 sq. ft., + 1000 in the finished lower level; 3 bedrooms and 2.1 baths.

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

Last year at Stonebridge Estates, 7 homes sold with an average sale price of $647,700 and an average price per square foot of $216.58. The 9 homes that have sold so far have an ASP $552,767, down 14.7%, and A$/SF $219.93, up slightly. If you are considering listing or buying a home at Stonebridge Estates, contact the real estate experts with The Bouma Group at (734)761-3060 or email info@bouma.com. View more Ann Arbor homes here!

Ann Arbor Real Estate Report – August 2020

Sold Homes in Ann Arbor Remain Stable

Ann Arbor Real Estate Report - Aug 2020

Overall, Ann Arbor homes experienced fairly consistent statistics this August compared to last year’s. There were a total of 129 homes entered into the multiple listings service, a 12.2% decline from the 147 previously. As for the average listing price, it increased 10.3% from $453,907 to $500,484 this past month. 113 properties were sold in August, and this is a minimal decrease from the 114 before. The average days on the market was 28, which is less than a month’s time, and the previous August’s 30 average DOM – down 6.7%.

Since the start of the year, 1013 homes have been listed for sale and this is a 13.6% decline from the 1173 homes at this time last year. The ALP is $505,357 cumulatively, compared the August prior of $494,486 – a slight increase. The inventory of sold homes has declined 12.2%, 743 homes versus 652 so far this year. Thus far, the ASP for homes in 2020 is $454,112, a small rise from $449,731 previously.

The Realtors with The Bouma Group understand the Ann Arbor housing market well, and are here to help with all of your questions. Contact us at (734)761-3060 or email info@bouma.com to learn more! Search for your next potential home here!

Buyer Beware: 6 Red Flags That Could Spell Trouble for Homebuyers

Picture this: you’ve found a seemingly perfect home in just the right neighborhood. It has every single one of your must-haves, plenty of space, and even all of the features you want. But on the tour, your agent spots a few big problems, like a crack in the foundation or signs of water damage. Should you walk away from what seems like your dream house?

Unless you’re looking to tackle a fixer-upper, you may want to proceed with caution if you run into any of these red flags during a showing.

Watch Out for These 6 Red Flags During a Showing

As you tour homes, it’s important to remember that a seller may not always disclose (or know) the whole truth about their house. If you ever have any questions about a home’s condition, make sure to ask your agent. They’ll often be able to spot problems that you may not see yourself, and they can also help you decide whether or not a certain issue is a dealbreaker.

Continue reading

How to Handle Getting Multiple Offers on Your Home

If you’re thinking about listing your home, you’ve probably heard that we’re in a seller’s market right now. As inventory dwindles and buyer interest intensifies, it’s not uncommon to see properties sell just hours after they’re listed, sometimes even tens of thousands above their original asking price.

This may seem like an ideal scenario, but navigating a multi-offer situation can be difficult for even the most seasoned sellers. And sometimes, selecting the right offer doesn’t always mean going with the highest bidder.

Your Guide to Choosing the Right Offer

As a seller, you’ll quickly find that not all offers are created equal. In addition to price, there are a few other factors you should consider, such as contingencies, financing, closing dates, and plenty of other extras that buyers can attach to an offer.

Feeling a little overwhelmed? This advice can help you streamline, and get the most out of, your home sale. Continue reading

Crossings of Ann Arbor Condo Report

Crossings of Ann Arbor Condo Report – August 2020

Crossings of Ann Arbor, MI

This Ann Arbor condominium has a brick exterior and is surrounded by mature trees. With a great downtown location and affordable sale prices, Crossings of Ann Arbor is a favorable option for singles and couples. Currently, no condos are listed for sale and so far this year, 2 have sold.

Condos Sold in 2020:

  • $225,000. Unit A, 517 Longshore Drive, Ann Arbor. 800 square feet with 2 bedrooms and 1.0 bath.
  • $224,500. Unit A, 580 Kellogg Street, Ann Arbor. 800 square feet with 2 bedrooms and 1.0 bath.

Last year at Crossings of Ann Arbor, 2 condos sold with an average sale price of $218,200 and an average price per square foot of $272.75. The 2 condos that have sold this year have an ASP of $224,750, up 3%, and an A$/SF of $280.94, up 3% as well. For more information about condo values at Crossings of Ann Arbor, contact the experts with The Bouma Group at (734)761-3060 or email info@bouma.com. Read more about Ann Arbor condos here!

Silverleaf Estates, Ann Arbor Real Estate Update

Silverleaf Estates Real Estate Report – August 2020

Silverleaf Estates, Ann Arbor MI

The homes of Silverleaf Estates offer premium features and a range of layouts – all in an affordable price range. Although the children of this Ann Arbor subdivision attend its schools, the mailing address is part of Ypsilanti. Currently, 1 home is listed for sale and so far this year, 8 have sold.

Home for Sale:

  • $349,900. 4025 Persimmon Drive, Ypsilanti. 2319 square feet with 4 bedrooms and 2.1 baths.

Homes Sold in 2020:

  • $460,000. 4480 Cherry Blossom Drive, Ypsilanti. 3189 sq. ft., + 1416 in the finished lower level; 5 bedrooms and 4.0 baths.
  • $450,000. 4196 Chandi Court, Ypsilanti. 2824 sq. ft., + 792 in the finished lower level; 5 bedrooms and 3.1 baths.
  • $424,900. 4272 Cherry Blossom Drive, Ypsilanti. 3012 square feet with 5 bedrooms and 4.0 baths.
  • $399,900. 4247 Chandi Court, Ypsilanti. 2878 square feet with 4 bedrooms and 2.1 baths.
  • $380,000. 4579 Cherry Blossom Drive, Ypsilanti. 2818 square feet with 4 bedrooms and 2.1 baths.
  • $345,000. 4207 Chandi Court, Ypsilanti. 2143 sq. ft., + 800 in the finished lower level; 3 bedrooms and 2.1 baths.
  • $335,000. 4158 Persimmon Drive, Ypsilanti. 1960 sq. ft., + 600 in the finished lower level; 3 bedrooms and 2.2 baths.
  • $320,000. 4267 Silverleaf Drive, Ypsilanti. 2331 sq. ft., + 1100 in the finished lower level; 4 bedrooms and 2.1 baths.

Last year at Silverleaf Estates, 8 homes sold with an average sale price of $359,625 and an average price per square foot of $145.90. The 8 homes that have sold so far have an ASP of $389,350, up 8.3%, and an A$/SF of $148.46, up slightly. If you are curious about the housing market at Silverleaf Estates, contact the real estate specialists with The Bouma Group at (734)761-3060 or email info@bouma.com. View more Ypsilanti homes here!

Pines of Lake Forest, Ann Arbor Real Estate Report

Pines of Lake Forest Real Estate Report – August 2020

Pines of Lake Forest Ann Arbor, MI

This distinguished Ann Arbor neighborhood has been recently completed and includes spacious homes. Pines of Lake Forest is also located near a couple of golf courses, making it easy for residents to take a swing whenever they please. Currently, 2 homes are listed for sale and so far this year, 1 has sold. The Bouma Group listed the sold home.

Homes for Sale:

  • $869,900. 3991 Calgary Court, Ann Arbor. 4074 sq. ft., + 2252 in the finished lower level; 6 bedrooms and 4.1 baths.
  • $799,900. 4307 Clearview Lane, Ann Arbor. 3531 square feet with 4 bedrooms and 3.1 baths.

Homes Sold in 2020:

  • $970,000. 2479 Woodview Lane, Ann Arbor. 5077 sq. ft., + 2800 in the finished lower level; 5 bedrooms and 5.1 baths. Listed by The Bouma Group

Last year at Pines of Lake Forest, 2 homes sold with an average sale price of $827,500 and an average price per square foot of $205.88. The 1 home that sold this year has a sale price of $970,000, up 17.2%, and a price per square foot of $191.06, down 7.2%. For more information about the homes at Pines of Lake Forest, contact the real estate specialists with The Bouma Group at (734)761-3060 or email info@bouma.com. View more Ann Arbor homes here!

Wildwood Park, Ann Arbor Real Estate Report

Wildwood Park Real Estate Report – August 2020

Wildwood Park, Ann Arbor MI

This lovely Ann Arbor neighborhood has the cutest homes that exude character with arched doorways, crown molding, wood fireplaces, and more. Moreover, the curb appeal of Wildwood Park is nicely complimented by tree lined streets. Currently, 1 home is listed for sale and so far this year, 6 have sold.

Home for Sale:

  • $649,000. 315 North Revena Boulevard, Ann Arbor. 2124 sq. ft., + 200 in the finished lower level; 4 bedrooms and 2.1 baths. Sale Pending

Homes Sold in 2020:

  • $852,775. 1400 Linwood Avenue, Ann Arbor. 2452 sq. ft., + 700 in the finished lower level; 4 bedrooms and 2.1 baths.
  • $700,000. 1500 Hartbrooke Avenue, Ann Arbor. 2440 sq. ft., + 1000 in the finished lower level; 4 bedrooms and 3.0 baths.
  • $699,000. 1206 Harbrooke Avenue, Ann Arbor. 2248 square feet with 4 bedrooms and 2.1 baths.
  • $625,000. 1505 Linwood Avenue, Ann Arbor. 1612 square feet with 3 bedrooms and 2.0 baths.
  • $368,000. 226 Wildwood Avenue, Ann Arbor. 1240 square feet with 3 bedrooms and 1.0 bath.
  • $210,000. 106 North Reven Boulevard, Ann Arbor. 1080 square feet with 3 bedrooms and 2.0 baths.

Last year at Wildwood Park, 6 homes sold with an average sale price of $476,350 and an average price per square foot of $293.96. The 6 homes that sold this year have an ASP of $575,796, up a considerable 20.9%, and an A$/SF of $304.09, up 3.4%. To learn more about home values at Wildwood Park, contact the real estate specialists with The Bouma Group at (734)761-3060 or email info@bouma.com. View more Ann Arbor homes here!

Meadowinds, Ann Arbor Real Estate Report

Meadowinds Real Estate Report – August 2020

Meadowinds offers tennis and volleyball courts, as well as a sports field and private park. All of the homes in this Ann Arbor subdivision have fireplaces, hardwood floors and attached garages. Currently, no homes are listed for sale and so far this year, 3 have sold.

Homes Sold in 2020:

  • $501,000. 1761 Harley Drive, Ann Arbor. 2656 sq. ft., + 1000 in the finished lower level; 4 bedrooms and 3.1 baths.
  • $482,000. 1956 Harley Court, Ann Arbor. 2167 sq. ft., + 1186 in the finished lower level; 4 bedrooms and 3.1 baths.
  • $403,500. 1860 Harley Drive, Ann Arbor. 2412 square feet with 4 bedrooms and 2.1 baths.

Last year at Meadowinds, 5 homes sold with an average sale price of $424,500 and an average price per square foot of $165.52. The 3 homes that sold this year have an ASP of $462,167, up 8.9%, and an A$/SF of $192.78, up 16.5%. If you are considering listing or buying a home at Meadowinds, contact the real estate specialists with The Bouma Group at (734)761-3060 or email info@bouma.com. View more Ann Arbor homes here!

Riverwood, Ann Arbor Real Estate Update

Riverwood Real Estate Report – August 2020

Riverwood, Ann Arbor MI

Although the exterior of Riverwood homes look traditional, inside are high ceilings and grand entrances. This Ann Arbor neighborhood is also surrounded by natural forest with common areas and walking trails. Currently, 2 homes are listed for sale and so far this year, 3 have sold.

Homes for Sale:

  • $529,000. 1780 Riverwood Drive, Ann Arbor. 2760 sq. ft., + 1300 in the finished lower level; 4 bedrooms and 3.1 baths.
  • $465,000. 1915 Timber Trail, Ann Arbor. 2645 sq. ft., + 1252 in the finished lower level; 5 bedrooms and 3.1 baths.

Homes Sold in 2020:

  • $569,900. 2100 Springwood, Ann Arbor. 2758 sq. ft., + 1009 in the finished lower level; 4 bedrooms and 3.1 baths.
  • $549,000. 1515 Riverwood Drive, Ann Arbor. 2693 square feet with 4 bedrooms and 2.1 baths.
  • $445,000. 1835 Timber Trail, Ann Arbor. 2412 sq. ft., + 600 in the finished lower level; 4 bedrooms and 2.2 baths.

Last year at Riverwood, 2 homes sold with an average sale price of $551,500 and an average price per square foot of $194.94. The 3 homes that sold this year have an ASP of $521,300, down 5.5%, and an A$/SF of $198.33, down minimally. To learn more about the housing market at Riverwood, contact the real estate specialists with The Bouma Group at (734)761-3060 or email info@bouma.com. View more Ann Arbor homes here!