Category Archives: Ann Arbor Real Estate

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

SOLD! 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!

 

Ann Arbor Real Estate Report – July 2018

Increased Inventory for Ann Arbor Homes

Ann Arbor Residential Real Estate Report for July 2018

Compared to last month and last July, inventory has increased for Ann Arbor homes. As well, average sale prices have also risen for both this month and so far this year. This July, 7% more listings have been entered compared to the prior July, 146 homes versus 136. The average listing price saw a minimal decline compared to last July, from $491,264 to $490,390. Compared to July 2017, there has been a 5.6%  increase in the amount of homes sold this month from 124 units to 131. Although prices usually decrease with more available inventory, prices have actually risen for July. This month  the average sale price is $443,944, which is an increase of 11.6% compared to the ASP of $397,721 in the previous year. Luckily for home sellers, the average days on the market has decreased to 21 days. So far this year, 1018 homes have been entered into the MLS; this is a 4.3% growth compared to the amount of listings entered at this time last year. Unfortunately, only 655 homes have sold this year which is a slight decrease compared to 2017  which had 663 units sold. The average sale price for homes sold thus far in 2018 is $438,859, this is a slight increase in comparison to the ASP of $428,564 last year. It is still a seller’s market for Ann Arbor single family homes, with a month supply of 4.3. Homes priced from $500k to $800k are considered to be a balanced market. Like always, higher end homes, those above $800k, are a part of a buyer’s market. Continue reading

Hickory Grove Estates Neighborhood, Ann Arbor Real Estate Report

Hickory Grove Estates Real Estate Report – August 2018

Hickory Grove Estates is a friendly Ann Arbor neighborhood; the homes have character and many lots have mature vegetation which creates a sophisticated look. As well, the subdivision is located conveniently near a couple of expressways, making it easily accessible from many areas. There are currently no homes listed for sale and so far this year, 3 have sold.Hickory Grove Estates Subdivision Ann Arbor MI

Sold Homes:

  • $365,000. 5818 Glen Creek Ct., Ann Arbor. 2511 sq. ft. + 1200 in finished lower level, 3 bedrooms and 3.1 baths.
  • $323,000. 3051 Potomac Dr., Ann Arbor. 1997 sq. ft., + 850 in finished lower level, 3 bedrooms and 2.1 baths.
  • $287,000. 5826 Glen Creek Ct., Ann Arbor. 1793 square feet with 3 bedrooms and 2.1 bahts.

Last year at Hickory Grove Estates, 4 homes sold with an average sale price of $268,625 and an average price per square foot of $142.00. The 3 homes sold this year have an ASP of $325,000, up a considerable 21%, and an A$/SF of $156.00, up 10%.  To compare, the homes sold in 2018 have approximately 150 square feet more on average than the homes of the previous year. To learn more about home values at Hickory Grove Estates, contact the real estate specialists with The Bouma Group at (734)761-3060 or email info@bouma.com. View more Ann Arbor neighborhoods here!

 

Eberwhite, Ann Arbor Real Estate Report

Eberwhite Real Estate Report – July 2018

Eberwhite is a collection of Ann Arbor neighborhoods; the homes come in a variety of styles and layouts with both traditional and renovated residences. There are currently 20 homes listed for sale and so far this year, 28 have sold. Eberwhite subdivision, Ann Arbor MI

Homes for Sale:

  • $1,195,000. 6 Ridgemor Dr., Ann Arbor. 3865 sq. ft., + 1280 in finished lower level, 6 bedrooms and 3.2 baths.
  • $715,000. 256 Crest Ave., Ann Arbor. 2300 sq. ft., + 700 in finished lower level, 3 bedrooms and 2.1 baths. Sale Pending
  • $650,000. 576-578 Glendale Cir., Ann Arbor. 4120 sq. ft., + 2029 in finished lower level, 5 bedrooms and 5.2 baths. Sale Pending
  • $584,900. 108 S. Revena Blvd., Ann Arbor. 1742 square feet with 3 bedrooms and 1.1 baths. Listed by The Bouma Group; Sale Pending
  • $579,900. 429 Crest Ave., Ann Arbor. 1642 square feet with 3 bedrooms and 2.0 baths.
  • $575,000. 1402 Charlton St., Ann Arbor. 1754 square feet with 3 bedrooms and 1.1 baths.
  • $499,900. 1706 Pauline Blvd., Ann Arbor. 2496 square feet with 5 bedrooms and 2.1 baths.
  • $479,900. 1214 South 7th St., Ann Arbor. 2042 sq. ft., + 1600 in finished lower level, 4 bedrooms and 2.1 baths.

For a complete list of Homes for Sale at Eberwhite, Ann Arbor, contact us at (734)761-3060

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