Lakewood Subdivision, Ann Arbor Real Estate Update

Ann Arbor Real Estate Report – October 2011

Lakewood Subdivision, Ann Arbor is a mature neighborhood of various styled homes in a beautiful, treed setting. There are currently 5 homes listed for sale and so far this year, 10 homes have sold and 2 have been rented.

Homes Listed:

• $149,900. 998 square feet with 3 bedrooms and 1 bath.
• $164,900. 1036 sf +400 in the finished lower level, 3 bedrooms and 1 bath.
• $179,900. 1368 square feet with 3 bedrooms and 1.1 baths.
• $219,900. 2017 square feet with 3 bedrooms and 1.1 baths.
• $249,900. 1670 sf +300 in finished lower level, 3 bedrooms and 2 baths.

Homes Sold:

• $100,000. 962 square feet with 3 bedrooms and 1 bath.
• $108,000. 912 sf +800 in finished lower level, 2 bedrooms and 2 baths. Short Sale
• $158,500. 1125 square feet with 3 bedrooms and 1.1 baths.
• $165,000. 912 sf +500 in finished lower level, 3 bedrooms and 1.1 baths.
• $189,650. 1025 sf +800 in finished lower level, 5 bedrooms and 2 baths.
• $195,000. 1475 sf +400 in finished lower level, 3 bedrooms and 2 baths.
• $270,000. 1760 square feet with 3 bedrooms and 1.1 baths.
• $275,000. 1823 square feet with 3 bedrooms and 2 baths.
• $296,000. 3476 sf +200 in finished lower level, 5 bedrooms and 3.1 baths. Foreclosure
• $325,000. 2309 sf +500 in finished lower level, 4 bedrooms and 2.1 baths.

Homes Rented:

• $1350/month. 960 square feet with 3 bedrooms and 1 bath.
• $1650/month. 1025 square feet with 3 bedrooms and 2 baths.

Last year at Lakewood Subdivision, 8 homes sold with an average sale price of $212,367 and average price per square foot of $155,72. The year to date stats for 2011 are slightly lower with an ASP of $207,115 and A$/SF of $137.95, but we are still seeing an improvement compared to the low in 2009 of $177,618 and 137.05. To learn more about Lakewood Subdivision, Ann Arbor or the nearby Hollywood Park or Walnut Ridge, contact the real estate experts at The Bouma Group at 734-761-3060 or info@bouma.com.  And be sure to check Ann Arbor’s Subdivision Hotline  for up-to-the-minute active and sold listing data for Washtenaw County!