Category Archives: Ann Arbor Real Estate

Ann Arbor Real Estate Report – September 2018

Ann Arbor Homes See an Increase in Both Inventory and Listing PricesHome inventory and prices increasing for Ann Arbor Real Estate

There has been growth in inventory for Ann Arbor homes comparative to last year’s statistics. With listing prices rising, sale prices have too; however, sale prices are still below the asking. This September, 137 listings were entered into the multiple listings service, this is an increase of 15.5% compared to the 110 listings entered last September. The average listing price saw a rise of 8.9%, from $488,176 to $530,567 currently. Unfortunately, only 71 homes were sold in September, which is a 22.8% decline in comparison to the 923 homes sold the previous September. Sale prices have seen an increase of 6.9%, $408,967 versus $437,082 this month. Luckily for home buyers, the average days on the market has lowered slightly to 26 days, from 28 days last September. So far this year, more listings have been entered into the multiple listings services compared to this time last year; but there has been a decline in the amount of sold homes. A total of 1286 homes have been listed for sale thus far, which is an increase of 5.7% compared to the 1217 homes sold at this time last year. There has only been a small rise for the average listing price of homes, from $476,195 to $489,791 which is approximately 3%. Like the increase of ALP, average sale prices have experienced the same growth. The ASP is $441,322 thus far, versus $428,494 last year at this time.

For more information about Ann Arbor homes, contact the real estate specialists with The Bouma Group at (734)761-3060 or email info@bouma.com. Don’t forget to check back here for more about the market!

1107 Edgewood Ave, Ann Arbor, MI 48103

1107 Edgewood Ave, Ann Arbor, MI 481031107 Edgewood Avenue, Ann Arbor, MI Home with Allmendinger Park Views

Just Listed! 1107 Edgewood Ave is a delightful brick 1.5 story home with views of Allmendinger Park! Features:

  • 1,448 square feet + 392 finished in lower level, 3 bedrooms, and 2 full bathrooms
  • Updates like Anderson windows, deck with pergola, furnace & A/C, and kitchen!
  • Wood burning fireplace in spacious living room and two main-level bedrooms
  • Rec room and built-in bar in lower level
  • Steps from the Big House and downtown Ann Arbor
  • More Photos and Features
  • MLS#3260902
  • Listed for $479,900

To request a private showing for 1107 Edgewood Ave or to learn more about this luxurious home, contact the Ann Arbor Real Estate experts with The Bouma Group today at 734-761-3060 or info@bouma.com.

1103 Ferdon, Ann Arbor Home in Burns Park

1103 Ferdon, Ann Arbor, MI 48104

Just Listed!  Charming colonial home in highly sought after Burns Park neighborhood! This charming home contains:

  • 1,760 square feet of living space with 4 bedrooms and 2 bathrooms.
  • Traditional floor plan featuring hardwood flooring, crown molding, and french doors.
  • Major mechanical updates include: Central A/C, French drain system, basement flooring, water heater, exterior paint.
  • Uppermost level with expansive attic space with new oak flooring.
  • More photos and features
  • Virtual tour
  • MLS# 3260630
  • Listed for $549,900

For a showing or to learn more about 1103 Ferdon, contact the Ann Arbor Real Estate specialists with The Bouma Group today at 734-761-3060 or email info@bouma.com.

Ann Arbor Real Estate Report – August 2018

Prices Increase Overall but Homes Still Sell Below Asking PriceAnn Arbor Residential Report Chart

Both listing and selling prices are increased for Ann Arbor homes compared to last August, as well as compared to the year to date statistics. Luckily for buyers, homes are selling below the listing price. Only 1 more new listing was entered this August compared to the previous, totaling an entry of 134 homes. The average listing price this year was $481,072, which is an increase of 11.3% in comparison to the ALP of last August which was $432,104. For the amount of homes that are put on the market, a good portion of them are selling. Like the amount of listings entered, 1 more home sold compared to the prior August where only 128 homes sold. Another positive is that the average days on the market has decreased by 8%, from 24 days to 22 days now. The average sale price for August is $452,386, this is only a 3.2% increase compared to the ASP in August 2017 which was $438,370. Continue reading

1290 Barrister Rd., Ann Arbor Home in Glacier Highlands

1290 Barrister Rd., Ann Arbor MI 481051290 Barrister Rd., Ann Arbor MI Home in Glacier Highlands

Just Listed! Great location, right across the street from the park, for this Glacier Highlands home in the King Elementary area. Details include:

  • 2496 square feet of living space with 4 bedrooms and 2.1 baths.
  • Hardwood floors throughout the living room, dining room, hall, and all 4 bedrooms.
  • Tiled, full baths have been nicely remodeled.
  • Lower level offers more living space in the family room with a brick, wood burning fireplace.
  • More photos and features
  • Virtual tour
  • MLS# 3260174
  • Listed for $479,000

To request a private showing or to learn more about 1290 Barrister Rd., contact the Ann Arbor Real Estate specialists with The Bouma Group today at 734-761-3060 or email info@bouma.com.

1129 Birk Avenue, Ann Arbor Home in Allmendinger Park Neighborhood

1129 Birk Avenue, Ann Arbor MI 481031129 Birk Avenue, Ann Arbor MI Home in Allmendinger Heights

Just Listed! Walk to Allmendinger Park, the Big House, and downtown Ann Arbor from this classic west side ranch. Features include:

  • 768 sq. ft., + 300 in the finished lower level, 2 bedrooms and 2 full baths.
  • Hardwood floors throughout the living room, kitchen, and bedrooms.
  • Kitchen and bathrooms have been completely updated.
  • Lower level is beautifully finished with a family room and full, tiled bath.
  • More photos and features
  • Virtual tour
  • MLS# 3260179
  • Listed for $295,000

To schedule a private showing or to learn more about 1129 Birk Ave, contact us at The Bouma Group, Realtors today at 734-761-3060 or info@bouma.com. View more details and photos for the Allmendinger Heights neighborhood here!

5 Ways to Keep Your Home Secure While Selling It

It’s no exaggeration that selling your home keeps you busy. In the midst of staging, pricing, listing, and scheduling tours, it’s easy to overlook the details… like home security.

Close up shot of a welcome mat in front of an open door leading to a home.After all, while selling your home, you’re probably allowing dozens of strangers to come inside for tours.

And while most of them probably have good intentions, it might not be a bad idea to beef up your home’s security a little bit.

Here are a few ways to protect yourself and your belongings while still welcoming potential buyers into your home.

Showings by Appointment Only

When advertising your home for sale, be sure to use phrases like “appointment only” in your listing. Never allow anyone into your home unless they have a verified appointment with your Realtor.

It’s okay to be extra cautious during this time! We recommend being alert whenever you allow anyone new into your home. Continue reading

The Bouma Group Welcomes Stephen Hollowell to their Real Estate Team!

Stephen Hollowell, Buyer's Agent for The Bouma Group RealtorsWelcome Stephen Hollowell!

Stephen grew up in the Ann Arbor Area, attending Burns Park, Lincoln, St. Francis, and Greenhills schools. He graduated from Eastern Michigan University in 2005 with a BA in Journalism, and went on to pursue careers in hospitality, writing, and sales. New to real estate, Stephen is excited to work with the skilled and experienced team at the Bouma Group. He brings a keen eye for detail, passion for customer service, and commitment to excellence in helping clients find the home of their dreams. In addition to working hard, Stephen enjoys the great outdoors, biking, swimming, cooking, reading, music, art, and travel.

Martin Bouma and The Bouma Group have been servicing the real estate needs of Washtenaw County for more than 32 years and bring a unique, personal touch to each transaction. Thorough market knowledge, exceptional follow-through, and cutting edge marketing are the hallmarks of the Bouma Group’s continued success and have consistently made them the #1 real estate team in Ann Arbor. To find out more about home and condo buying opportunities in Washtenaw County, contact The Bouma Group at 734-761-3060 or visit their website at www.bouma.com

Hollywood Park, Ann Arbor Real Estate Update

Hollywood Park Real Estate Report – August 2018

Hollywood Park is a family friendly Ann Arbor neighborhood; the affordable homes come in a variety of layouts and styles. There are currently 4 homes listed for sale and so far this year, 7 have sold.Hollywood Park Subdivision Ann Arbor MI

Homes for Sale:

  • $357,900. 640 Duane Ct., Ann Arbor. 1560 sq. ft., + 208 in finished lower level, 3 bedrooms and 2.0 baths. Sale Pending
  • $349,000. 1272 Kuehnle Ct., Ann Arbor. 1428 sq. ft., + 700 in finished lower level, 4 bedrooms and 1.1 baths. Sale Pending
  • $319,900. 1106 Ravenwood St., Ann Arbor. 2180 square feet with 3 bedrooms and 1.1 baths. Sale Pending
  • $317,500. 773 Center Dr., Ann Arbor. 1074 square feet with 3 bedrooms and 2.1 baths.

Continue reading

Kirkway of Scio, Ann Arbor Real Estate Update

Kirkway of Scio Real Estate Report – August 2018

Kirkway of Scio is a recent Ann Arbor neighborhood in a tranquil setting; the homes look sophisticated especially with the tree lined streets. There are currently 2 homes listed for sale and so far this year, 1 has sold.Kirkway of Scio subdivision, Ann Arbor MI

Homes for Sale:

  • $469,900. 320 Sedgewood Ln., Ann Arbor. 2487 sq. ft., + 1037 in finished lower level, 5 bedrooms and 3.1 baths.
  • $389,900. 360 Sedgewood Ln., Ann Arbor. 2375 square feet with 4 bedrooms and 2.1 baths.
  • $369,900. 388 Sedgewood Ln., Ann Arbor. 2377 square feet with 4 bedrooms and 2.1 baths.

Sold Homes:

  • $466,600. 308 Sedgewood Ln., Ann Arbor. 2697 sq. ft., + 1100 in finished lower level, 6 bedrooms and 3.1 baths.

Last year at Kirkway of Scio subdivision, 4 homes sold with an average sale price of $376,250 and an average price per square foot of $170.00. The 1 home sold this year have an ASP of $466,600, up a considerable 24%, and an A$/SF of $174.00, up slightly. To learn more about home values at Kirkway of Scio, contact the real estate experts with The Bouma Group at (734)761-3060 or email info@bouma.com. View more Ann Arbor neighborhoods here!