Tag Archives: ann arbor homes

Ann Arbor Real Estate Report – December 2019

Less Inventory and More Sales for Ann Arbor Homes

In the final month of 2019, Ann Arbor homes saw a considerable 33.3% decrease in the amount listings from 39 last December to 26 more recently. The average listing price rose, but only minimally from $452,492 to $462,794 now. Sellers were able to finish the year strong with 81 sold properties in December, a significant 41.2% increase from the 57 previously. As for the average sale price, it has stayed relatively stable at $433,953 versus $436,533 last December. Unfortunately for sellers, the average days on the market increased 24.4% to 56 days.

Overall the numbers rose for the year-to-date statistics. In 2018, a total of 1,458 homes were listed for sale, whereas this year 1,470 homes were added to the multiple listings service. The ALP increased by 3% from $487,432 to $501,886. 1,082 homes were sold this past year, and this is only a slight decline compared to the 1,096 before. Cumulatively, the ASP increased by 4.2%, from $438,492 to $457,930.

The Bouma Group is here to help you with all of your housing needs, whether you are looking to buy or considering selling, contact the specialists at (734)761-3060 or email info@bouma.com. To search Ann Arbor neighborhoods, click here!

The Top 4 Home Selling Myths of 2019, Busted

“Fake news” has become one of the trendiest terms of the decade—even when it comes to real estate. Homeowners are often bombarded with selling advice that promises to get their home sold quickly and for top dollar…but more often than not, these “tips” are nothing more than misleading—and can throw you off-track.

As we end the year, we want to set the record straight. Here’s our list of the top four home selling myths, debunked.

Myth #1: It’s Just like Reality TV

Woman watching TV with popcorn

If HGTV is your guilty pleasure, you’ve probably watched hundreds of buyers and sellers navigate the real estate process on camera. Although the shows do get some things right, they’re often scripted and don’t provide an accurate idea of what it takes to sell your property.

One of the biggest misconceptions created by these programs is the length of the selling process. Don’t fall for the TV magic—it actually takes a lot more than a showing and a phone call to close a deal. In reality, homes can sit on the market for 60 to 100 days or more, and the closing process might last for up to 45 days. Instead of expecting instant gratification, it’s best to talk with your agent to create a realistic timeline before listing. Continue reading

Ann Arbor Real Estate Report – November 2019

Year-to-Date Statistics Remain Stable

Although the year is coming to a close, Ann Arbor homes are still being listed with 60 new units having been added to the market this past month, a 53.8% rise compared to the 39 entered last November. The average listing price is sitting at $449,629, versus the $507,659 previously, an 11.4% decrease. Unfortunately for sellers, there has been a considerable 34% decrease in the amount of sold homes, from 97 in November 2018 to 64 this November. As for the average selling price, it is currently $439,220 and this is a minimal increase compared to the $430,073 the November prior. Presently, it takes 43 days on average for a home to sell.

Now examining the year-to-date statistics, the inventory amount has stayed fairly consistent. A total of 1444 homes of been entered into the multiple listings service thus far, and this is a minimal rise in comparison to the 1419 from last year. The ALP has also increased slightly, from $488,694 to $502,716. Exactly 1000 houses have been sold so far, and this is only a slight rise of 3.7% from the 1038 sold previously at this time. There has been a 5% increase in the ASP from $438,210 to $460,025 currently.

The Bouma Group is here to help with all of your housing needs, whether you are considering selling your house or purchasing a new home, contact the real estate specialists at (780)761-3060 or via email info@bouma.com. Check back here for the latest information about Ann Arbor homes!

Ann Arbor Real Estate Report – October 2019

Year-to-date Prices Only Rise Slightly

In the month of October, 110 Ann Arbor homes were listed for sale and this is a 15.8% increase compared to the 95 homes sold last year. The average listing price declined slightly from $483,085 to $458,760, a 5% drop. A total of 83 homes were sold in the past month, and this is a minimal decline compared to October 2018. The average sale price for Ann Arbor homes increased by 14.9% from $416,435 to $478,428. Unfortunately for sellers, the average days on the market for homes has raised a significant 47% from 38 to 54 days presently.

Looking at the year-to-date statistics, we can see that both listing and selling prices have only somewhat increased. The ALP so far is $506,066 and this is 3.6% higher than before which was $488,423. There has been only a slight decline in the amount of listings entered, from 1381 to 1387 homes. Similarly, there has been little difference in the amount of sold homes as 934 have been sold thus far compared 940 previously. The ASP cumulatively sits at $461,552, which is 5% increase compared to $439,512 at this last year.

The Bouma Group is here to help with all of your housing needs, whether you are looking to buy or considering selling, contact the real estate specialists at (734)761-3060 or via email info@bouma.com. View more Ann Arbor neighborhoods here!

Ann Arbor Real Estate Report – September 2019

Decrease in New Inventory and Listing Prices

In the month of September, Ann Arbor homes saw a decline in the average listing price from $530,567 to $472,435, an 11% drop. Compared to last September when 137 homes were entered into the multiple listings service, there has been an considerable 25.5% decrease to having only 102 homes added. Luckily for sellers though, 22.1% more homes have been sold this past month. from 71 sold September 2018 to 88 most recently. The average sale price continued to stay consistent to the previous ASP, only a slight decline to $434,072. Unfortunately for sellers, the average amount of days on the market has greatly increased 65% to 43 days.

Looking ahead to year-to-date statistics, we only see slight variations in the numbers comparatively. There was only a slight decline in the amount of homes listed thus far, 1277 as of now. The average listing price decreased 4.4%, $489,791 versus $511,226. Similar to the previous listings inventory, there has also only been a slight decrease compared to last year’s numbers – with 851 homes being sold thus far. As for the ASP, there has been a 4.1% increase from $441,322 to $459,906.

The Bouma Group is here to help with all of your housing needs, whether you are looking to buy or considering selling, contact the real estate specialists at (734)761-3060 or via email info@bouma.com. Check back here for more updated information on Ann Arbor homes!

The Uplands of Scio Ridge Neighborhood Report

Real Estate Report – September 2019

A mix of homestyles – both newer and traditional, The Uplands of Scio Ridge has spacious living. As well, the Ann Arbor subdivision has a playground and is joined with a conservancy. Presently, 1 home is listed for sale and 2 have been sold this year.

Home for Sale:

  • $449,900. 3214 Rockcress Court, Ann Arbor. 2447 sq. ft., + 1417 in the finished lower level; 3 bedrooms and 2.1 baths.

Homes Sold in 2019:

  • $535,000. 1644 Snowberry Ridge Road, Ann Arbor. 2638 sq. ft., + 1000 in the finished lower level; 4 bedrooms and 2.2 baths.
  • $505,000. 1980 Woodlily Court, Ann Arbor. 2234 sq. ft., + 1881 in the finished lower level; 5 bedrooms and 3.0 baths.

Last year at The Uplands of Scio Ridge, 4 homes sold with an average sale price of $524,375 and an average price per square foot of $198.90. The 2 homes that have sold so far in 2019 have an ASP of $520,000, down slightly, and an A$/SF of $214.43, up 7.8%. To learn more about the market at The Uplands of Scio Ridge, contact the real estate specialists with The Bouma Group at (734)761-3060 or via email info@bouma.com. View more Ann Arbor neighborhoods here!

Ann Arbor Real Estate Report – August 2019

The Market Remains Stable

Compared to previous statistics, this August has had pretty steady numbers for Ann Arbor homes. In the past month, 137 homes were entered into the multiple listings service and this is only a slight increase compared to August 2018. The average listing price is $477,584, which is also only a slight increase compared to last year. There wasn’t much disparity between the amount of homes listed and sold in August 2019, with 120 homes sold; this is only a 7.5% decline compared to last year’s amount. Selling prices also barely changed compared to the year prior, with the average selling price coming to $456,109. Unfortunately for sellers, the average days on the market has increased to 31 days versus 22 last August, a 40.9% increase.

For year-to-date statistics there also hasn’t been much variance compared to the 2018. There has been a slight increase in the amount of entered listings, from 1151 to 1176 homes so far. Cumulatively, the ALP is $516,2116 and this is a 6.3% increase compared to the ALP of $485,569 previously. 762 homes have been sold thus far versus the 782 that had been sold at this time last year, a minor difference. The ASP is $463,033 which is a 5% rise from the ASP of $441,085 in 2018 at this time.

The Bouma Groupis here to help with all of your housing needs, whether you are interested in selling or looking to buy, contact the real estate specialists at (734)761-3060 or email info@bouma.com. Stay tuned for more information about Ann Arbor homes!

Vernon Downs Neighborhood Report

Real Estate Report – August 2019

Vernon Downs, Ann Arbor MI

This Ann Arbor subdivision has traditional homes that are sturdy and have wonderful elements like hardwood floors and fireplaces. The location is also great, as Vernon Downs is situated near many conveniences. Presently, 6 homes are listed for sale and 11 have been sold this year. The Bouma Group was involved in 2 of the sales.

Homes for Sale:

  • $399,900. 1915 Covington Drive, Ann Arbor. 1131 sq. ft., + 1000 in the finished lower level; 3 bedrooms and 2.1 baths.
  • $359,000. 1630 Hanover Road, Ann Arbor. 1218 square feet with 3 bedrooms and 1.1 baths. Sale Pending
  • $355,000. 1549 Waltham Drive, Ann Arbor. 1165 sq. ft., + 800 in the finished lower level; 3 bedrooms and 2.0 baths.
  • $349,900. 1825 Waltham Drive, Ann Arbor. 1840 sq. ft., + 768 in the finished lower level; 4 bedrooms and 1.1 baths.
  • $325,000. 2029 Runnymeded Boulevard, Ann Arbor. 1085 sq. ft., + 500 in the finished lower level; 3 bedrooms and 2.0 baths.
  • $324,999. 1908 Waltham Drive, Ann Arbor. 1487 sq. ft., + 1000 in the finished lower level; 4 bedrooms and 2.1 baths.

Hometown Village of Ann Arbor Neighborhood Report

Real Estate Report – August 2019

Hometown Village of Ann Arbor, MI

Designed intentionally, Hometown Village of Ann Arbor has fine craftsmanship and landscaping. This Ann Arbor subdivision gives homeowners a warm feeling amongst preserved nature and white picket fences. Presently, 1 home is on the market and 5 have been sold this year.

Home for Sale:

  • $389,900. 1419 North Bay Drive, Ann Arbor. 1849 sq. ft., + 780 in the finished lower level; 5 bedrooms and 3.1 baths.

Homes Sold in 2019:

  • $411,500. 1281 Timmins Drive, Ann Arbor. 1849 sq. ft., + 550 in the finished lower level; 5 bedrooms and 3.1 baths.
  • $385,000. 1511 Chapleau Drive, Ann Arbor. 2111 sq. ft., + 1047 in the finished lower level; 3 bedrooms and 3.1 baths.
  • $384,900. 1609 Chapleau Drive, Ann Arbor. 1674 sq. ft., + 782 in the finihsed lower level; 4 bedrooms and 3.1 baths.
  • $362,500. 1420 Chapleau Drive, Ann Arbor. 2091 sq. ft., + 800 in the finished lower level; 3 bedrooms and 2.1 baths.
  • $358,000. 1343 Timmins Drive, Ann Arbor. 2415 square feet with 4 bedrooms and 2.0 baths.

Last year at Hometown Village of Ann Arbor, 4 homes sold with an average sale price of $400,125 and an average price per square foot of $170.35. The 5 homes that have sold so far in 2019 have an ASP of $380,380, down 4.9%, and an A$/SF of $191.29, up 12.3%. To learn more about home values at Hometown Village of Ann Arbor, contact the real estate specialists with The Bouma Group at (734)761-3060 or via email info@bouma.com. View more Ann Arbor neighborhoods here!

Liberty Glen Neighborhood Report

Real Estate Report – August 2019

This friendly Ann Arbor subdivision consists of larger homes ranging in traditional to semi-contemporary designs. Liberty Glen is also located near parks, the athletic club and eateries. Presently, 2 homes are listed for sale and 2 have been sold this year.

Homes for Sale:

  • $375,000. 647 Trego Circle, Ann Arbor. 1934 square feet with 3 bedrooms and 2.1 baths. Sale Pending
  • $370,000. 496 Burr Oak Drive, Ann Arbor. 1858 square feet with 3 bedrooms and 2.0 baths.

Homes Sold in 2019:

  • $465,000. 596 Trego Circle, Ann Arbor. 2318 sq. ft., + 984 in the finished lower level; 4 bedrooms and 3.1 baths.
  • $430,000. 317 Burr Oak Drive, Ann Arbor. 2364 sq. ft., + 627 in the finished lower level; 4 bedrooms and 2.1 baths.

Last year at Liberty Glen, 4 homes sold with an average sale price of $388,500 and an average price per square foot of $188.29. The 2 homes that have sold so far in 2019 have an ASP of $447,500, up 15.2%, and an A$/SF of $191.25, up slightly. If you would like to learn more about home values at Liberty Glen, contact the real estate specialists with The Bouma Group at (734)761-3060 or via email info@bouma.com. View more Ann Arbor neighborhoods here!