Tag Archives: Ann Arbor Condos

Ann Arbor Condo Report – May 2018

Prices Increase for Ann Arbor Condominiums

Ann Arbor Condo Report - MayIn all aspects, prices have increased for Ann Arbor condos in May; this is most likely because inventory has declined. This May, 87 new listings were entered which is 2.2% decrease compared to the 89 units last May.  The average listing price rose a sizable 22.6%, from $265,209 to $325,026. With less condos listed, units are generally on the market for 20 days; which is 10 days less compared to May 2017. There is a decline of 16.5% less condos sold this May compared to the previous, 66 sold condos versus 79. The average selling price for Ann Arbor condos is $261,307, which is a decent increase of 11% from $235,619. So far this year, there has been 21 less listings entered in comparison to the previous year when 343 listings were entered. Average listing prices thus far have increased 13% though, from $300,708 to $340,005. Similarly, selling prices have also rose from $251,891 to $280,017, which is a difference of 11.2%. There was a 18.9% decline in the amount of sales so far this year compared to last, 189 sold condos versus 233. In general, it is a seller’s market for Ann Arbor condos, especially for inexpensive units that are below $300k. Condos that are sold above $400k are considered a buyer’s market though.

With less inventory, sales are rising and because of this Ann Arbor condos are moving towards a more balanced market. Whether you are looking to buy or to sell your condo, contact the condo experts with The Bouma Group at (734)761-3060 or email info@bouma.com. Check back here for more information about the Ann Arbor market!

 

Ann Arbor Condo Report Update – April 2018

Both Condo Listings and Sales Down in April

Ann Arbor Condo Report April 2018

Ann Arbor condos have seen an all around decrease compared to 2017, in listings and sales, both monthly and year-to-date. A decent total of 90 listings were entered in April, which is down 7% in comparison to the 97 condos sold in the previous year. As well, the listing prices also saw the same 7% decline since last year, $310,026 from $334,608. The number of sales lowered by 14.6% this April when compared to 2017, 41 condos sold versus 48 condos sold. However it is not all declines, selling prices did rise from $251,735 to $275,124, which is a is a respectable increase of 9%. For both year-to-date listings and sales, there was a drop in inventory but an increase in prices. There was a 7% decline in the amount of new listings entered thus far; but a 10% increase in the average listing price, $313,866 to $345,998. The 122 condos sold this year are 21% below the amount sold in 2017 year-to-date; although, the selling price increased 9.7% from $260,239 to $285,709 this year. On average, it is a seller’s market for Ann Arbor condos this April, especially for more affordable units. However, luxury condos are considered a buyer’s market; with the outlier of condos that are priced over 1 million dollars.

Although there has been an overall decrease this year for Ann Arbor condos, prices are slowly increasing and the market is doing okay. Whether you are looking to buy or sell a condo, contact the experts with The Bouma Group at (734)761-3060 or email info@bouma.com. To stay updated on the market statistics, check back here!

Walnut View, Ann Arbor Condominium Report for 2017

Walnut View Year End Condo Report – 2017

In 2017, Walnut View sold a total of 4 condos; 1 of which The Bouma Group was involved with. The sales increased by 1 condo compared to the previous year. Offers that were both above and below the listing price were accepted which shows negotiation between the buyers and sellers.Walnut View Condos, Ann Arbor, MI

Sold Condos:

  • $453,575. 1335 Nottington Ct., Ann Arbor. 1521 sq. ft., + 1200 in finished lower level, 3 bedrooms and 3.0 baths.
  • $366,000. 3275 Chamberlain Cir., Ann Arbor. 1401 sq. ft., + 900 in finished lower level, 2 bedrooms and 3.0 baths.
  • $358,500. 1311 Nottington Ct., Ann Arbor. 1401 sq. ft., + 1000 in finished lower level, 4 bedrooms and 3.0 baths.
  • $356,000. 1327 Nottington Ct., Ann Arbor. 1401 sq. ft., + 1051 in finished lower level, 2 bedrooms and 3.0 baths. Listed by The Bouma Group

Currently, the average sale price of condos at Walnut View is $383,519, which is an increase of 15% compared to the ASP in 2016. The average price per square foot for the 10 condos sold in 2017 is $267.00, which is also an increase of 15% in comparison to the A$/SF in the previous year. For more details and information about Walnut View, contact the condo specialists with The Bouma Group at (734)761-3060 or email info@bouma.com. View the previous market report for Walnut View here!

Weatherstone, Ann Arbor Condominium Report for 2017

Weatherstone Year End Condo Report – 2017

In 2017, Weatherstone sold a total of 32 condos, 2 of which The Bouma Group was involved with. The sales have doubled from last year.  On average, the sale price exceeded the listing price, allowing home owners to have control.Weatherstone Condos, Ann Arbor, MI

Sold Condos:

  • $245,000. 1653 Coburn Dr., Ann Arbor. 1422 square feet with 3 bedrooms and 2.0 baths.
  • $231,500. 1682 Coburn Dr., Ann Arbor. 1400 square feet with 2 bedrooms and 2.0 baths.
  • $231,000. 1643 Coburn Dr., Ann Arbor. 1400 square feet with 2 bedrooms and 2.0 baths.
  • $211,000. 1651 Coburn Dr., Ann Arbor. 1052 square feet with 2 bedrooms and 1.0 baths.
  • $205,000. 1637 Coburn Dr., Ann Arbor. 1052 square feet with 2 bedrooms and 1.0 baths.
  • $203,000. Weatherstone Dr., Ann Arbor. 1266 square feet with 2 bedrooms and 2.0 baths.
  • $185,000. 1506 Long Meadow Tr., Ann Arbor. 1190 square feet with 2 bedrooms and 2.0 baths. Listed by The Bouma Group
  • $189,900. 1540 Long Meadow Tr., Ann Arbor. 1101 square feet with 2 bedrooms and 2.0 baths. Sold by The  Bouma Group

For a complete list of Sold Condos at Weatherstone, Ann Arbor, contact us at (734)761-3060

Currently, the average sale price of condos at Weatherstone is $190,717, which is an increase of 7% compared to the ASP in 2016. The average price per square foot for the 32 condos sold in 2017 is $163.00, which is an increase of 11.5% in comparison to the A$/SF of $146.00 in the previous year. For more details and information about Weatherstone, contact the condo specialists with The Bouma Group at (734)761-3060 or email info@bouma.com. View the previous condo report for Weatherstone here!

Wellesley Gardens, Ann Arbor Condominium Report for 2017

Wellesley Gardens Year End Condo Report – 201Wellesley Condos, Ann Arbor, MI7

In 2017, Wellesley Gardens sold a total of 16 condos; 2 of which The Bouma Group was involved with. The sales decreased by 3 condos compared to the previous year. Offers that were both above, below, and the same as the listing price were accepted, which shows negotiation between buyers and sellers.

Sold Condos:

  • $259,000. 3337 Endsleigh, Ypsilanti. 1975 sq. ft., + 800 in finished lower level, 3 bedrooms and 3.1 baths.
  • $212,500. 3414 Endsleigh, Ypsilanti. 1487 square feet with 2 bedrooms and 2.1 baths.
  • $209,000. 5635 Hampshire Ln., Ypsilanti. 1316 square feet with 2 bedrooms and 2.1 baths.
  • $205,000. 5709 Hampshire Ln., Ypsilanti. 1487 square feet with 2 bedrooms and 2.1 baths.
  • $205,000. 5706 Wellesley Ln., Ypsilanti. 1318 square feet with 2 bedrooms and 2.1 baths.
  • $205,000. 5678 Hampshire Ln., Ypsilanti. 1341 square feet with 2 bedrooms and 2.0 baths.
  • $200,000. 3366 Endsleigh Ln. #197, Ypsilanti. 1341 square feet with 2 bedrooms and 2.0 baths. Sold by The Bouma Group
  • $189,000. 5746 Hampshire Ln., Ypsilanti. 1341 square feet with 2 bedrooms and 2.0 baths. Listed by The Bouma Group

For a complete list of Sold Condos at Wellesley Gardens, Ann Arbor, contact us at (734)761-3060

Currently, the average sale price of condos at Wellesley Gardens is $200,031, which is an increase of 9% compared to the ASP in 2016. The average price per square foot for the 16 condos sold in 2017 is $142.00, which is an increase of 8% in comparison to the A$/SF of $131.00 in the previous year. For more details and information about Wellesley Gardens, contact the condo specialists with The Bouma Group at (734)761-3060 or email info@bouma.com. View the previous market report for Wellesley Gardens here!

Walden Hills, Ann Arbor Condominium Report for 2017

Walden Hills Year End Condo Report – 2017Walden Hills Condos, Ann Arbor, MI

In 2017, Walden Hills sold a total of 18 condos. The sales decreased by 7 condos compared to the previous year. Offers that were both above and below the listing price were accepted which shows negotiations between buyers and sellers.

Sold Condos:

  • $163,000. 2152 Pauline Blvd. #307, Ann Arbor. 1173 square feet with 2 bedrooms and 2.0 baths.
  • $150,000. 124 Maple Rd. #107, Ann Arbor. 1173 square feet with 2 bedrooms and 2.0 baths.
  • $146,000. 2150 Pauline Blvd. #301, Ann Arbor. 1173 square feet with 2 bedrooms and 2.0 baths.
  • $140,000. 2150 Pauline Blvd. #203, Ann Arbor. 1173 square feet with 2 bedrooms and 2.0 baths.
  • $138,000. 2142 Pauline Blvd. #301, Ann Arbor. 1173 square feet with 2 bedrooms and 2.0 baths.
  • $124,500. 2120 Pauline Blvd. #205, Ann Arbor. 929 square feet with 2 bedrooms and 1.0 baths.
  • $121,000. 2104 Pauline Blvd. #107, Ann Arbor. 1173 square feet with 2 bedrooms and 2.0 baths.
  • $112,000. 2142 Pauline Blvd. #204, Ann Arbor. 927 square feet with 1 bedroom and 1.0 baths.

For a complete list of Sold Condos at Walden Hills in 2017, contact us at (734)761-3060

Currently, the average sale price of condos at Walden Hills is $121,452, which is a large increase of 27.5% compared to the ASP in 2016. The average price per square foot for the 18 condos sold in 2017 is $116.00, which is an increase of 17% in comparison to the A$/SF of $99.00 in 2016. For more details and information about Walden Hills, contact the condo specialists with The Bouma Group at (734)761-3060 or email info@bouma.com. View the previous market report for Walden Hills here!

Scio Village Condos, Ann Arbor Report

Scio Village Condo Report – December 2017Scio Village Condos, Ann Arbor, MI

Scio Village is a charming Ann Arbor complex; these brownstone style condos are situated among amenities and surrounded by beautifully designed landscaping. There are currently no condos listed for sale and so far this year, 17 have sold.

Sold Condos:

  • $326,000. 301 Scio Village Ct. #154, Ann Arbor. 1581 sq. ft., + 1052 in finished lower level, 3 bedrooms and 3.0 baths.
  • $259,000. 273 Scio Village Ct. #123, Ann Arbor. 1581 sq. ft., + 1150 in finished lower level, 3 bedrooms and 3.0 baths.
  • $241,500. 273 Scio Village Ct. #242, Ann Arbor. 1500 square feet with 3 bedrooms and 2.0 baths.
  • $240,000. 331 Scio Village Ct. #282, Ann Arbor. 1594 square feet with 2 bedrooms and 2.0 baths.
  • $239,000. 229 Scio Village Ct. #216, Ann Arbor. 1586 square feet with 2 bedrooms and 2.0 baths.
  • $238,400. 273 Scio Village Ct. #244, Ann Arbor. 1586 square feet with 2 bedrooms and 2.0 baths. Sold by The Bouma Group
  • $235,000. 229 Scio Village Ct. #222, Ann Arbor. 1586 square feet with 2 bedrooms and 2.0 baths. Sold by The Bouma Group
  • $228,000. 273 Scio Village Ct. #240, Ann Arbor. 1376 square feet with 2 bedrooms and 2.0 baths. Sold by The Bouma Group

For a complete list of Sold Condos at Scio Village, Ann Arbor, contact us at (734)761-3060.

Last year at Scio Village, 10 condos sold with an average sale price of $225,805 and an average price per square foot of $176.00. The 17 condos sold this year have an ASP of $231,724, up 3%, and an A$/SF of $169.00, down 4%. To learn more about condo values at Scio Village, contact the condo specialists with The Bouma Group at (734)761-3060 or email info@bouma.com. View more Ann Arbor condominiums here!

 

 

Sloan Plaza Condos, Ann Arbor Report

Sloan Plaza Condo Report – December 2017

Sloan Plaza is a luxury Ann Arbor complex located in the heart of downtown with many deluxe features such as: a secured entry with door person, covered parking, a spectacular view and more. There are currently 4 condos listed for sale and so far this year, 1 has sold.Sloan Plaza Condos, Ann Arbor, MI

Condos for Sale:

  • $750,000. 505 E. Huron St. #409, Ann Arbor. 1598 square feet with 2 bedrooms and 2.0 baths.
  • $660,000. 505 E. Huron St. #307, Ann Arbor. 1673 square feet with 2 bedrooms and 2.0 baths.
  • $550,000. 505 E. Huron St. #604, Ann Arbor. 1373 square feet with 2 bedrooms and 2.0 baths. Sale Pending
  • $490,000. 505 E. Huron St. #206, Ann Arbor. 1887 square feet with possibility to renovate into a residential living space. Sale Pending

Sold Condos:

  • $875,000. 505 E. Huron St. #205, Ann Arbor. 1868 square feet with 2 bedrooms and 2.0 baths. Sold by The Bouma Group

Last year at Sloan Plaza, 2 condos sold with an average sale price of $1,000,000 and an average price per square foot of $404.00. The 1 condo sold this year, had a selling price of $875,000, down 13%, and a price per square foot of $468.42, up 16%. Note: the condo sold this year has 694 square feet less than the average of the condos sold in 2016. To learn more about condo values at Sloan Plaza, contact the condo specialists with The Bouma Group at (734)761-3060 or email info@bouma.com. View more Ann Arbor condominiums here!

Rosewood Village Condos, Ann Arbor Report

Rosewood Village Condo Report – December 2017

Rosewood Village is a new Ann Arbor complex with many desired features which include: a large clubhouse, an outdoor pool, a gym and high speed internet with cable. There are currently 2 condos listed for sale and so far this year, 15 have sold.Rosewood Village Condos, Ann Arbor MI

Condos for Sale:

  • $189,900. 3115 Primrose Ln., Ann Arbor. 1193 square feet with 2 bedrooms and 1.1 baths.
  • $184,900. 3128 Primrose Ln., Ann Arbor. 1492 square feet with 2 bedrooms and 2.0 baths.

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