Liberty Lofts Condos, Ann Arbor Market Report

Liberty Lofts Condo Report – November 2015Liberty Lofts, Downtown Ann Arbor Condos

Located in the heart of downtown Ann Arbor, Liberty Lofts is one of the more popular condo buildings. Inventory has declined from last year, which is being seen across the board. There are currently 2 units listed for sale, and so far this year 4 units have sold.

Condos Listed for Sale:

  • $825,000.  315 Second St. #517, Ann Arbor. 1992 square feet with 2 bedrooms and 2 full baths.
  • $398,500.  315 Second St. #404, Ann Arbor. 883 square feet with 1 bedroom and 1 baths. Listed by The Bouma Group

Sold Condos

  • $520,000.  315 Second St. #211, Ann Arbor. 1242 square feet with 2 bedrooms and 2 baths.
  • $455,000.  315 Second St. #506, Ann Arbor. 1123 square feet with 1 bedroom and 1.1 baths. Sold over list price, listed by The Bouma Group
  • $419,000.  315 Second St. #406, Ann Arbor. 1004 square feet with 1 bedroom and 1.1 baths.
  • $407,000.  315 Second St. #203, Ann Arbor. 888 square feet with  1 bedroom and 1.1 baths.

Last year at Liberty Lofts, 10 units sold with an average sale price of $496,500 and average price per square foot of $387.00. The 4 units that have sold so far this year have an ASP of $450,250, down 9% and an A$SF of $425.00, up 10%. Last year, more larger, higher priced condos were listed and sold than have this year, thus the higher ASP. Values have increased, as is apparent in the increase in the A$SF.  The Bouma Group has sold many Liberty Lofts condos since they were constructed and knows this complex very well. For a more detailed analysis, contact us today at 734-761-3060 or email info@bouma.com. See more downtown Ann Arbor Condo complexes here!

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