Category Archives: Ann Arbor Real Estate

4 Easy, Low-Budget Projects Buyers Will Love

If you’re getting ready to sell your home, you don’t have to spend a lot of money to impress buyers. In fact, making just a few small changes can have a lasting impact and help you secure a sale. Here are four easy, low-budget projects you can do on your own—and buyers will love the results!

Updating Hardware and Fixtures

Faucet with running water

Does your kitchen feel a little drab? Is your bathroom still stuck in the 1990s? You probably don’t have to undertake an entire renovation to bring your space into the new decade—adding some updated hardware and fixtures just might do the trick! Today’s buyers are looking for modern yet timeless finishes, so oil-rubbed bronze, brushed nickel, or matte black are all great choices. Continue reading

Ann Arbor Real Estate Report – February 2020

Similar Amount of Inventory Compared to Last Year

The market listing and sales in Ann Arbor for February are quite similar to last February’s numbers. As for the amount of listings entered, 98 homes were added last month, only 2 more homes compared to last year. The average listing price has a more significant increase of 21.7%, from $517,018 to $629,105. A total of 52 homes were sold in February, and this is a 5.5% decline from the 55 homes previously. Unfortunately for sellers, the average amount of days on the market is 60 up from 55, a 9% difference.

Looking at the year-to-date statistics, they are on a similar trend to the monthly statistics. So far this year, 169 homes have been added to the multiple listings service, which is a 3.7% increase from the 163 homes entered at this time last year. The ALP has increased by 20.4% from $487,117 to $586,673. 105 homes have been sold thus far, which is a 10.5% increase in comparison to the 95 homes sold by February 2019 previously. Cumulatively, the ASP is $446,214 versus $427,803 prior, a 4.3% rise.

The Bouma Group is here to help you with all of your housing needs, whether you are looking to buy or sell, contact the real estate specialists at (734)761-3060 or email info@bouma.com. Discover Ann Arbor neighborhoods here!

Vernon Downs Neighborhood Report

Year End Real Estate Report 2019

This Ann Arbor subdivision has sturdy homes with hardwood and fireplaces. As well, Dickens Elementary School can be found within Vernon Downs, making it perfect for young families. Presently, 4 homes are listed for sale and 15 have sold, 2 of which The Bouma Group was involved with.

Homes for Sale:

  • $395,000. 1812 Waverly Road, Ann Arbor. 1490 sq. ft., + 800 in the finished lower level; 4 bedrooms and 1.1 baths.
  • $389,000. 1831 Covington Drive, Ann Arbor. 1333 sq. ft., + 975 in the finished lower level; 3 bedrooms and 2.1 baths. Sale Pending
  • $349,500. 2121 Agincourt, Ann Arbor. 1131 sq. ft., + 620 in the finished lower level; 3 bedrooms and 2.1 baths.
  • $300,000. 1624 Winsted, Ann Arbor. 1092 sq. ft., + 725 in the finished lower level; 3 bedrooms and 1.1 baths. Sale Pending

The Top Tax Deductions and Credits for Homeowners for 2019

Taxes are confusing, which is why many people in the U.S. choose to hire an expert to do their taxes for them. After all, there are so many numbers to know, forms to have ready, records of income and expenses, W-4s, 1099s, 380-Ts—we could’ve just made that last one up, and there’s no way of knowing!

Even though taxes might be complicated, they (sometimes) have a few perks. And if you own a home, those perks could mean a major bonus on your return. If you’re thinking of buying a home before next year’s taxes are due, here’s everything you need to know about how making a home purchase can affect your returns.

A calculator app on an iPhone.

Deductions vs. Credit

Continue reading

Ann Arbor Real Estate Report – December 2019

Less Inventory and More Sales for Ann Arbor Homes

In the final month of 2019, Ann Arbor homes saw a considerable 33.3% decrease in the amount listings from 39 last December to 26 more recently. The average listing price rose, but only minimally from $452,492 to $462,794 now. Sellers were able to finish the year strong with 81 sold properties in December, a significant 41.2% increase from the 57 previously. As for the average sale price, it has stayed relatively stable at $433,953 versus $436,533 last December. Unfortunately for sellers, the average days on the market increased 24.4% to 56 days.

Overall the numbers rose for the year-to-date statistics. In 2018, a total of 1,458 homes were listed for sale, whereas this year 1,470 homes were added to the multiple listings service. The ALP increased by 3% from $487,432 to $501,886. 1,082 homes were sold this past year, and this is only a slight decline compared to the 1,096 before. Cumulatively, the ASP increased by 4.2%, from $438,492 to $457,930.

The Bouma Group is here to help you with all of your housing needs, whether you are looking to buy or considering selling, contact the specialists at (734)761-3060 or email info@bouma.com. To search Ann Arbor neighborhoods, click here!

Liberty Glen Neighborhood Report

Year End Real Estate Report 2019

Liberty Glen Ann Arbor Real Estate Report

Liberty Glen is an established Ann Arbor subdivision with mature trees lining the sidewalks. There are many parks close by and the Liberty Athletic Club is also within walking distance. Presently, 1 home is listed for sale and 4 have been sold.

Home for Sale:

  • $334,000. 495 Burr Oak Drive, Ann Arbor. 1858 square feet with 3 bedrooms and 2.0 baths. Sale Pending

Homes Sold in 2019:

  • $465,000. 596 Trego Circle, Ann Arbor. 2318 sq. ft., + 984 in the finished lower level; 4 bedrooms and 3.1 baths.
  • $435,000. 631 Trego Circle, Ann Arbor. 2681 sq. ft., + 960 in the finished lower level; 4 bedrooms and 4.1 baths.
  • $430,000. 317 Burr Oak Drive, Ann Arbor. 2364 sq. ft., + 627 in the finished lower level; 4 bedrooms and 2.1 baths.
  • $382,700. 647 Trego Circle, Ann Arbor. 1934 square feet with 3 bedrooms and 2.1 baths.

Last year at Liberty Glen, 4 homes were sold with an average sale price of $388,500 and an average price per square foot of $188.29. The 4 homes that have been sold so far in 2019 have an ASP of $428,175, up 10.2%, and an A$/SF of $185.66, down slightly. If you would like to be updated on the listing and selling activity at Liberty Glen, contact the real estate specialists with The Bouma Group at (734)761-3060 or via email info@bouma.com. View more Ann Arbor neighborhoods here!

Crystal Creek Neighborhood Report

Year End Real Estate Report 2019

Crystal Creek Real Estate Report 2019

With a variety of floor plans, Crystal Creek caters to home owners’ desires. It is located close to many conveniences, making it easy to access a range of services in Ann Arbor. Presently, no homes are listed for sale and 6 have sold.

Homes Sold in 2019:

  • $335,000. 4155 Crystal Creek Drive, Ann Arbor. 2184 square feet with 4 bedrooms and 2.1 baths.
  • $325,000. 4241 Woodcrest Court, Ann Arbor. 2202 sq. ft., + 900 in the finished lower level; 4 bedrooms and 2.1 baths.
  • $320,000. 4010 Woodcreek, Ann Arbor. 2208 square feet with 4 bedrooms and 3.1 baths.
  • $300,000. 4079 Crystal Creek, Ann Arbor. 2184 square feet with 4 bedrooms and 3.1 baths.
  • $291,000. 4313 Ridgewood Drive, Ann Arbor. 1671 square feet with 3 bedrooms and 2.0 baths.
  • $290,000. 4210 Crystal Creek Drive, Ann Arbor. 2099 square feet with 3 bedrooms and 2.1 baths.

Last year at Crystal Creek, 3 homes sold with an average sale price of $263,333 and an average price per square foot of $146.42. The 6 homes that have been sold so far in 2019 have an ASP of $310,167, up 17.8%, and an A$/SF of $149.26, up slightly. For more information about Crystal Creek, contact the real estate specialists with The Bouma Group at (734)761-3060 or via email info@bouma.com. View more Ann Arbor neighborhoods here!

Ravines Neighborhood Report

Year End Real Estate Report 2019

As the name suggests, the Ravines has a beautiful landscape consisting of woods, parks, ravines and ponds. This affordable Ann Arbor subdivision also has many recreational areas for sports such as ball fields and a sandpit for volleyball. Presently, 2 homes are listed for sale and 10 have sold, 2 of which The Bouma Group was involved with.

Homes for Sale:

  • $405,000. 1663 Reserve Court, Ann Arbor. 2062 sq. ft., + 692 in the finished lower level; 4 bedrooms and 3.1 baths. Sale Pending
  • $389,900. 1748 Scio Ridge Road, Ann Arbor. 2057 sq. ft., + 500 in the finished lower level; 3 bedrooms and 2.1 baths.

Ashford Village Neighborhood Report

Year End Real Estate Report 2019

Ashford Village has beautiful homes that are spacious and have a variety of features. This desirable Ann Arbor subdivision also has larger lots and is located close to natural areas. Presently, 1 home is listed for sale and 14 have sold this year.

Homes for Sale:

  • $369,900. 4975 Sycamore Drive, Ann Arbor. 2492 sq. ft., + 1200 in the finished lower level; 4 bedrooms and 3.1 baths. Sale Pending

Turnberry Neighborhood Report

Year End Real Estate Report 2019

Known as an affordable Ann Arbor subdivision, Turnberry offers sturdy homes in a prime location. There is a playground within the neighborhood and a nature area nearby, as well it is a quick stroll away from a shopping area. Presently, 2 homes are listed and 8 have sold this year.

Homes for Sale:

  • $309,800. 3084 Turnberry Lane, Ann Arbor. 1964 sq. ft., + 648 in the finished lower level; 4 bedrooms and 2.2 baths. Sale Pending
  • $239,900. 3241 Monument, Ann Arbor. 1245 square feet with 2 bedrooms and 2.1 baths. Sale Pending

Homes Sold in 2019:

  • $335,000. 3374 Turnberry Lane, Ann Arbor. 1923 sq. ft., + 820 in the finished lower level; 5 bedrooms and 2.1 baths.
  • $305,000. 3234 Roon the Ben, Ann Arbor. 1908 square feet with 4 bedrooms and 2.1 baths.
  • $305,000. 3358 Turnberry Lane, Ann Arbor. 1895 sq. ft., + 600 in the finished lower level; 3 bedrooms and 2.1 baths.
  • $294,000. 3108 Turnberry Lane, Ann Arbor. 1813 square feet with 3 bedrooms and 2.1 baths.
  • $285,000. 3256 Monument, Ann Arbor. 1493 square feet with 3 bedrooms and 2.1 baths.
  • $284,000. 3033 Turnberry Lane, Ann Arbor. 1728 square feet with 3 bedrooms and 2.1 baths.
  • $276,000. 3102 Alisa Craig Drive, Ann Arbor. 1500 square feet with 3 bedrooms and 1.1 baths.

For a complete list of the Sold Homes at Turnberry, Ann Arbor, contact us at (734)761-3060

Last year at Turnberry, 10 homes sold with an average sale price of $287,385 and an average price per square foot of $153.88. The 8 homes that have sold so far in 2019 have an ASP of $294,250, a slight increase, and an A$/SF of $169.11, up 9.9%. If you would like to be updated on the listing and selling activity at Turnberry neighborhood, contact the real estate specialists with The Bouma Group at (734)761-3060 or via email info@bouma.com. View more Ann Arbor subdivisions here!