Barton Hills Real Estate Report – June 2018
Barton Hills is an esteemed Ann Arbor neighborhood with beautifully designed homes. The well known subdivision has large, secluded lots with mature vegetation; and of course the Barton Hills Country Club is a central feature. There are currently 4 homes listed for sale and so far this year, 6 have sold.
Homes for Sale:
- $4,950,000. 660 Barton Shore Dr., Ann Arbor. 9648 sq. ft., + 4608 in finished lower level, 6 bedrooms and 7.5 baths.
- $1,500,000. 800 Oakdale Rd., Ann Arbor. 6610 square feet with 6 bedrooms and 5.1 baths.
With a Rise in New Listings, Prices Slowly Begin to Lower for Ann Arbor Homes
Ann Arbor homes have seen an increase in the amount of listings this May, compared to last; and with the additional inventory prices are beginning to slowly reduce. An impressive increase of 53.4% more listings were entered this May compared to last May, 224 homes listed versus 146. And although listing prices are lower, it is only a decline of less than 0.5%, from $496,037 to $494,320. Continue reading
Sunnyside Real Estate Report – June 2018
Sunnyside is a charming Ann Arbor neighborhood with a park inside, as well as amenities located within walking distance. The mature subdivision offers full grown trees throughout, and beautiful features within the homes. There are currently 3 homes listed for sale and so far this year, 3 homes have sold.
Homes for Sale:
- $365,000. 1527 Granada Ave., Ann Arbor. 1110 sq. ft., + 1000 in finished lower level, 3 bedrooms and 2.0 baths.
- $349,900. 1950 Coronada St., Ann Arbor. 1329 sq. ft., + 500 in finished lower level, 3 bedrooms and 2.0 baths. Sale Pending
- $285,000. 1816 Palomar Dr., Ann Arbor. 988 square feet with 3 bedrooms and 1.0 baths.
- $500,000. 1900 Coronada St., Ann Arbor. 2235 sq. ft., + 1024 in finished lower level, 5 bedrooms and 2.1 baths.
- $355,000. 1951 Alhambra Dr., Ann Arbor. 1635 sq. ft., + 1100 in finished lower level, 3 bedrooms and 2.0 baths.
- $325,000. 1520 Granada Ave., Ann Arbor. 988 sq. ft., + 900 in finished lower level, 3 bedrooms and 2.0 baths.
Last year at Sunnyside, 5 homes sold with an average sale price of $329,807 and an average price per square foot of $238.00. The 3 homes sold this year have an ASP of $393,333, up 19%, and an A$/SF of $257.00, up 8%. To learn more about home values at Sunnyside, contact the real estate experts with The Bouma Group at (734)761-3060 or email email@example.com. View more Ann Arbor neighborhoods here!
Smokler Bolgos Real Estate Report – June 2018
Smokler Bolgos is a traditional Ann Arbor neighborhood with 2 story colonial and cape cod homes. Within the subdivision, there is Sugar Bush Park and a swim club, and beside is the Thurston Nature Center. There are currently no homes listed for sale and so far this year, 1 has sold.
- $425,000. 3429 Gettysburg Rd., Ann Arbor. 1852 sq. ft., + 500 in finished lower level, 4 bedrooms and 2.0 baths.
Last year at Smokler Bolgos, 3 homes sold with an average sale price of $349,667, and an average price per square foot of $204.00. The 1 home sold this year has a sale price of $425,000, up 22%., and a price per square foot of $229.00, up 12%. In comparison, the average square footage of the homes sold in 2017 were 125+ square feet less than the home sold this year. To learn more about home values at Smokler Bolgos, contact the real estate specialists with The Bouma Group at (734)761-3060 or email firstname.lastname@example.org. View more Ann Arbor neighborhoods here!
Boulder Ridge Real Estate Report – May 2018
Boulder Ridge is a bustling Ann Arbor neighborhood located in a prime area near a plethora of amenities, including shops, restaurants, recreational facilities and major roadways. Homes are larger and have nice features such as full basements and 2 car garages. There are currently 2 homes listed for sale and so far this year, 1 has sold.
Homes for Sale:
- $389,500. 2244 Spring Ridge, Ann Arbor. 1805 sq. ft., + 378 in finished lower level, 3 bedrooms and 2.1 baths.
- $369,900. 2660 Aspen Ridge Dr., Ann Arbor. 1854 sq. ft., + 678 in finished lower level, 3 bedrooms and 2.0 baths. Sale Pending
- $319,800. 2803 Green Valley Dr., Ann Arbor. 1482 square feet with 3 bedrooms and 1.1 baths.
Last year at Boulder Ridge, 3 homes sold with an average sale price of $414,000, and an average price per square foot of $167.00. The 1 home sold this year had a sale price of $319,800, down 23%, and the price per square foot was $216.00, up 29%. To learn more about home values at Boulder Ridge, contact the real estate specialists with The Bouma Group at (734)761-3060 or email email@example.com. View more Ann Arbor neighborhoods here!
3656 Whispering Oaks, Ann Arbor MI 48108
New Listing! Spacious contemporary style home with a lush back yard in Briar Hill subdivision close to shopping, restaurants, freeways and more. Details include:
- 3066 square feet of living space with 4 bedrooms and 3 baths.
- Vaulted living room, gracious formal dining room, and family room with fireplace and coffered ceiling.
- Kitchen has a hardwood floor, stainless appliances, center island, built-in desk, dining space.
- More photos & features
- MLS# 3257015
- Listed for $499,900
For more information on 3656 Whispering Oaks Drive or to schedule a private showing, contact the Ann Arbor Realtors with The Bouma Group at 734-761-3060 or firstname.lastname@example.org. View photos and details for Briar Hill subdivision here!
Buyer’s and Seller’s Market Dependent on Price Range
For Ann Arbor homes, listings were slightly down and sales increased in April compared to 2017. New listings decreased a small percentage of 1% in comparison to April last year, 173 versus 175. Although there is minimal decline in the amount of listings, according to the Ann Arbor Area Board of Realtors, the average listing price increased from $478,871 to $510,951. The number of sales rose 35% compared to the previous year, from 75 homes sold to 101; along with it, the average sale price increased by 5%, $414,281 versus $435,787. When looking at the average days on the market, only one day differed from this April compared to last, this year had 1 more day equaling 22 days on average. Looking at the year to date statistics, listings are lower. This year, 454 listings have been entered thus far, versus the 496 listings entered in 2017. But, the homes sold since the beginning of the year have a higher volume compared to last year, with 270 homes sold versus 247 in 2017. Homes sold under $400k are a seller’s market, and becomes stronger as the price range reduces. Mid-range homes are part of a balanced market, creating negotiation between buyers and sellers. Higher end homes, such as those above $800k, are considered to be a buyer’s market, with it being most intense in the 1 million dollar + range.
Looking ahead, it should be a solid year for Ann Arbor residential homes. Whether you are looking to sell or buy, contact the real estate specialists with The Bouma Group at (734)761-3060 or email email@example.com. And stay tuned for next month’s real estate report for Ann Arbor homes!
2402 Brockman, Ann Arbor MI 48104
SOLD! Built in the 1930’s, this Burns Park charmer is situated on a beautiful tree-lined street within walking distance of schools and parks. Features include:
- 2280 sq. ft., +500 of finished space in the lower level, 4 bedrooms and 2.1 baths.
- Hardwood floors, arched doorways, coved ceilings, and a wood-burning fireplace.
- Formal living and dining rooms, plus a family room for more living space.
- More photos and features
- Virtual tour
- MLS# 3254728
- Listed for $625,000
For more details or to schedule a private showing for 2402 Brockman, contact the Ann Arbor Real Estate specialists with The Bouma Group today at 734-761-3060 or email firstname.lastname@example.org. Learn more about the Burns Park Neighborhood here!
Welcome Trevor McIlwaine!
Trevor McIlwaine was born and raised in Ann Arbor, attending Wines Elementary, Forsythe Middle, and Pioneer High Schools. He studied hospitality management at Mercyhurst University in Pennsylvania and proceeded to work in luxury hotels and restaurants throughout Michigan and Chicago. Passionate about customer service, real estate was a natural fit. With encouragement from family and friends, Trevor obtained his real estate license in October 2014 and has been helping clients with their real estate needs ever since. In his free time, he likes to golf, dance and is a football fanatic. Trevor is excited to be working with The Bouma Group and such a great team of real estate professionals.
Martin Bouma and The Bouma Group have been servicing the real estate needs of Washtenaw County for more than 32 years and bring a unique, personal touch to each transaction. Thorough market knowledge, exceptional follow-through, and cutting edge marketing are the hallmarks of the Bouma Group’s continued success and have consistently made them the #1 real estate team in Ann Arbor. To find out more about home and condo buying opportunities in Washtenaw County, contact The Bouma Group at 734-761-3060 or visit their website at www.bouma.com.
More New Listings and Sales in November
Market Update for November 2017
Both new listings and sales for Ann Arbor homes were up for the month of November. New listings entered were up 30% compared with last November, 73 vs. 56, with the average list price coming in at $500,023 vs. $443,054. The number of sales was up 12.5%, 90 vs. 80, with the average days on the market at 38, down from 48. The average sale price was $405,669 compared with $409,972 this time last year. However, when looking at the year-to-date statistics, both listings and sales are down. There were 1383 new listings entered so far this year, compared with 1473 last year, and 1057 sales compared with 1116 last year. It is a very strong seller’s market with a 2.7 month supply of homes for sale overall. The $600k – $700k and $800k – $1 million price points are balanced with only the over $1 million in a buyer’s market with a large inventory.
If the Ann Arbor real estate market stays as busy in December, we may see the gaps narrow, but the year will most likely end with less sales and listings than in 2016. Be sure to check back for the December market update after the new year. Here at The Bouma Group, Realtors we already have a lot of great listings ready to hit the market in late winter and early spring. Be the first to know, contact us today for a sneak preview to see if any are the right match for you! 734-761-3060 or email@example.com