Broadway Condos, Ann Arbor Report

Broadway Condo Report – October 2017Broadway Condos, Ann Arbor MI

Broadway is a secluded Ann Arbor complex with only 14 units surrounded by greenery and mature trees, and have a great downtown location with parking available. There is currently 1 unit listed for sale and so far this year, 1 has sold.

Condos for Sale:

  • $219,000. 1225 Broadway St. #5, Ann Arbor. 910 square feet with 2 bedrooms and 1.1 baths. Sale Pending

Sold Condos:

  • $236,000. 1227 Broadway St., Ann Arbor. 1010 square feet with 2 bedrooms and 1.1 baths.

Last year, 2 condos sold with an average sale price of $218,450 and an average price per square foot of $194.00. The condo sold this year has a sale price of $219,000, up 3%, and a $/SF of $238.00, up 23%. There was a difference of approximately 100 square feet between the average of the 2 condos last year, compared to the 1 this year. To learn more about condo values at Broadway, contact the real estate specialists with The Bouma Group at (734)761-3060 or email info@bouma.com. View more Ann Arbor condominiums here!

 

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Briarcrest Condos, Ann Arbor Report

Briarcrest Condo Report – October 2017Briarcrest condo Ann Arbor MI

Briarcrest is an Ann Arbor complex with a great location, many amenities are nearby and there are ponds and wooded areas for residents to enjoy. There is currently 1 condo listed for sale and so far this year, 8 have sold.

Condos for Sale:

  • $149,900. 225 Briarcrest Dr. #199, Ann Arbor. 983 square feet with 2 bedrooms and 2.0 baths. Sale Pending

Sold Condos:

  • $175,000. 275 Briarcrest Dr. #196, Ann Arbor. 1134 square feet with 2 bedrooms and 2.1 baths.
  • $165,000. 200 Briarcrest Dr. #118, Ann Arbor. 983 square feet with 2 bedrooms and 2.0 baths.
  • $160,900. 200 Briarcrest Dr. #116, Ann Arbor. 983 square feet with 2 bedrooms and 2.0 baths.
  • $160,000. 300 Briarcrest Dr. #142, Ann Arbor. 983 square feet with 2 bedrooms and 2.0 baths.
  • $155,000. 325 Briarcrest Dr. #178, Ann Arbor. 983 square feet with 2 bedrooms and 2.0 baths.
  • $152,000. 200 Briarcrest Dr. #124, Ann Arbor. 1134 square feet with 2 bedrooms and 2.1 baths.
  • $140,400. 300 Briarcrest Dr. #140, Ann Arbor. 983 square feet with 2 bedrooms and 2.0 baths.
  • $134,000. 350 Briarcrest Dr. #159, Ann Arbor. 983 square feet with 2 bedrooms and 2.0 baths.

Last year, 10 condos sold with an average sale price of $139,710 and an average price per square foot of $140.00. The 8 condos sold this year have and ASP of $155,288, up 11%, and an A$/SF of $152.00, up 9%. To learn more about condo values, contact the real estate specialists with The Bouma Group at (734)761-3060 or email info@bouma.com. View more Ann Arbor condominiums here!

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Ashley Mews Condos, Ann Arbor Real Estate Report

Ashley Mews Condo Report – October 2017

Ashley Mews is a prominent Ann Arbor complex, the beautiful brownstone and loft condos have a variety of floor plans;  and all residents can enjoy the well-maintained courtyards, as well as, all the amenities nearby in the downtown. There is currently 1 condo listed for sale and so far this year, 4 have sold.Ashley Mews condos Ann Arbor MI

Condos for Sale:

  • $839,900. 132 Ashley Mews, Ann Arbor. 2062 sq. ft., + 400 in finished lower level, 2 bedrooms and 2.1 baths. Listed by The Bouma Group. Sale Pending

Sold Condos:

  • $836,000. 136 Ashley Mews Dr., Ann Arbor. 2352 sq. ft., + 404 in finished lower level, 2 bedrooms and 2.1 baths.
  • $665,500. 163 Ashley Mews Dr., Ann Arbor. 1250 sq. ft., + 264 in finished lower level, 2 bedrooms and 2.1 baths.
  • $615,500. 169 Ashley Mews Dr., Ann Arbor. 1250 sq. ft., + 264 in finished lower level, 2 bedrooms and 2.1 baths. Sold by The Bouma Group
  • $606,300. 169 Ashley Mews, Ann Arbor. 1250 sq. ft., + 625 in finished lower level, 2 bedrooms and 2.1 baths.

Last year at Ashley Mews, 5 condos sold with an average sale price of $635,594 and an average price per square foot of $340.00. The 4 condos sold this year have an ASP of $680,825, up 7%, and an A$/SF of $466.00, up 37%. To learn more about condo values, contact the real estate specialists with The Bouma Group at 734-761-3060 or email info@bouma.com. View more Ann Arbor condominiums here!

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Dexter Real Estate Market Update 3rd Quarter

Dexter Real Estate Selling Quickly

Dexter Real Estate Market Statistics for 3rd Quarter 2017

Dexter Real Estate ends the third quarter of 2017 in a balanced market with an overall 5.1 month supply of homes available for sale. The under $500,000 market is a seller’s market in all price brackets with the over $500,000 in a buyer’s market keeping it balanced overall. New listings entered in September increased slightly compared to September 2016, with 20, up from 18. However, year-to-date, new listings have decreased 6%, with 314 last year vs. 296 this year. The number of homes sold is following suit and has decreased 11%, 226 this time last year vs. 200 YTD. Homes in Dexter are selling quickly with the average days on market decreasing from 58 last year to 44 this year.

The lack of homes for sale under $500,000 is affecting the amount of sales and driving sale prices upward. Dexter has seen an 8% increase in the average sale price which is now at $377,706. If you’re thinking of selling your home, it’s still a great time to do so! Many buyers want to be in a new home by the end of the year and there is not a lot to choose from. Call us today at The Bouma Group, Realtors and let’s talk about what we can do to get you top dollar for your home and get you in a new one before the holidays! 734-761-3060 or info@bouma.com.

Heatherwood Condos, Ann Arbor Report

Heatherwood Condo Report – October 2017Heatherwood Condos, Ann Arbor MI

Heatherwood is a popular Ann Arbor complex, the quiet location is close to many amenities, and within the condominium is a clubhouse, pool, courtyard and volleyball court. There are currently 3 condos listed for sale and so far this year, 14 have sold.

Condos for Sale:

  • $224,900. 1263 Millbrook Tr., Ann Arbor. 1376 square feet with 2 bedrooms and 2.0 baths. Sale Pending
  • $185,000. 1301 Millbrook Tr., Ann Arbor. 1212 square feet with 2 bedrooms and 2.0 baths. Listed by The Bouma Group, Sale Pending
  • $172,500. 1355 Millbrook Tr., Ann Arbor. 1101 square feet with 2 bedrooms and 2.0 baths. Sale Pending

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1706 Waltham Dr., Ann Arbor Home in Vernon Downs

1706 Waltham Dr., Ann Arbor, MI1706 Waltham Dr.

Just Listed! This well built brick ranch sits on a large corner lot in the sought after neighborhood of Vernon Downs! The home at 1706 Waltham Dr. offers;

  • 1,165 sq ft, with an additional 500 finished sq ft below grade, 3 bedrooms and 2 and a half bathrooms.
  • On the main level you will find a large living room with built in shelving and storage surrounding the fireplace.
  • All 3 generously sized bedrooms are located on the main level as well as a full bath and a half bath that is attached to the master.
  • The spacious eat-in kitchen has lots of cabinets and a good amount of counter space.
  • The basement offers another full bathroom, another living/rec space as well as laundry.
  • More photos and features.
  • MLS#3252766.
  • Listed for $269,900.

Contact The Bouma Group, Realtors at 734-761-3060 or info@bouma.com to schedule your private showing today, for 1706 Waltham Dr.

View photos and amenities for Vernon Downs.

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8293 Granite Ct., Dexter Home in Cedar Hills

8293 Granite Ct., Dexter, MI8293 Granite Ct.

 Just Listed! Stately 2-story home situated in Dexter’s beautiful Cedar Hills subdivision on over an acre and a half of land with mature trees. The home at 8293 Granite Ct. offers:

  • 3,435 sq ft. with an additional 1,242 sq ft below grade, 4 bedrooms, and 3.1 bathrooms.
  • Curved stairway in the 2 story foyer opens to the formal dining area.
  • In the family room you will find a floor to ceiling brick fireplace that adds to the grandeur of this home.
  • The eat-in kitchen has an island with breakfast bar, as well as a space big enough for a table for less formal dining, and a screened in porch right off the breakfast nook.
  • The main floor master bedroom boasts tray ceilings and a huge en suite bathroom with dual vanities, large kidney shaped soaking tub, and separate stand up shower.
  • Upstairs has an additional 3 bedrooms and 2 full bathrooms.
  • More photos and features.
  • Virtual Tour.
  • MLS# 3252706.
  • Listed for $559,900.

Contact The Bouma Group, Realtors at 734-761-3060 or info@bouma.com to schedule your private showing of 8293 Granite Ct. Learn more about Cedar Hills here!

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The Truth About Homeowner Equity

What is the Truth About Homeowner Equity?

Which Road to Choose, What is the Truth?
A recent article from a reputable news source was titled: Here’s why some homeowners still can’t sell. In the opening bullets of the article, the author claimed, “Negative equity is one of the main reasons why there are so few homes for sale.”  The article then goes on to soften that stance, but we want to bring better clarity to the equity situation.

A recent report from CoreLogic (which was quoted in the article) revealed that over 80% of all homes now have “significant equity,” which means the home has over 20% equity. That level of equity allows the homeowner to sell their home if they so desire. (There was no reference to significant equity in the article.) Continue reading

551 Liberty Pointe Dr., Ann Arbor Condo in Liberty Pointe Condos

551 Liberty Pointe Dr., Ann Arbor, MI551 Liberty Pointe

Just Listed! Beautiful, light and bright 2 story, end unit condo with modern, neutral decor throughout! This condo at 551 Liberty Pointe Dr. boasts:

  • 2,044 sq ft with an additional 558 sq ft below grade. 3 bedrooms and 2 and a half bathrooms.
  • The main floor offers a cozy family room with gas fireplace, formal living and dining rooms, a kitchen with room for a small table for quick meals, laundry and a half bath.
  • The kitchen offers bright, white cabinets, stainless appliances, granite counters, and newer flooring.
  • Upstairs you will find a huge master bedroom with vaulted ceilings, a walk-in closet with built in shelving, an en suite bathroom with separate Jacuzzi tub and stand up shower as well as dual sinks in the vanity.
  • There are an additional 2 nice sized bedrooms and an additional full bathroom.
  • The nicely finished lower level offers an additional living space as well as room for an office or den.
  • More photos and features.
  • MLS#3252658.
  • Listed for $329,900.

Schedule your private showing for 551 Liberty Pointe Dr. today by contacting The Bouma Group, Realtors at 734-761-3060 or info@bouma.com.

View photos and amenities for Liberty Pointe Condos.

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8519 Lee Rd., Brighton Home

8519 Lee Rd., Brighton, MI8519 Lee Rd.

New Listing! Large 2 story, colonial style home located just minutes away from I-96, US-23 and downtown Brighton is a commuters dream! 8519 Lee Rd. offers:

  • 2,049 sq ft, with an additional 480 sq ft in the finished lower level, 5 bedrooms and 3.1 bathrooms.
  • The main floor has a study, formal dining room, eat-in kitchen and  family room with gas fireplace, as well as a laundry room and half bathroom.
  • Upstairs is the master bedroom and en suite bathroom with separate shower and soaking tub and dual sinks.
  • In the lower level you will find a second living space, fifth bedroom, kitchenette and bathroom with laundry, also with private entrance to the home. Ideal for in-laws!
  • More photos and features.
  • MLS# 3252565.
  • Listed for $261,000.

Contact The Bouma Group, Realtors at 734-761-3060 or info@bouma.com  to schedule your private showing of 8519 Lee Rd., Brighton today!

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