Spring Statistics See an Increase in Inventory and Prices
All statistics for Ann Arbor homes have seen an increase, specifically relevant to March would be rise in listed and sold inventory, as well as listing and selling prices. A total of 154 homes were entered into the multiple listings service in March, a 6.9% increase comparative to the 144 homes entered last year at this time. More considerable would the rise in listing prices, from $488,573 to $532,422 in 03/2019., a 17% increase. The month of March experienced 64 sold homes versus the 58 the year prior, a 10.3% boost. As for sale prices, they averaged at $444,073 which is 15% higher than last year’s ASP of $385,835. Unfortunately for sellers, the average days on the market have increased to a month – 31 days.
Examining the year-to-date statistics, prices have also risen and so has the amount of new inventory. Thus far since March 2018, 316 homes have been listed and this is a decent increase of 12.8% in comparison to the 280 homes listed at this time last year. The average listing price for homes increased 4% and is now $508,922 cumulatively, in comparison to the ALP in 03/2018 which was $488,313. Comparative to the previous March, there has been a decrease of 10 sold homes (5.9%), this year selling 159. The average selling price did not differ much from 2018’s numbers, it is now $434,352.
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 real estate experts at (734)761-3060 or email firstname.lastname@example.org. Check back here for all your up-to-date real estate information regarding Ann Arbor homes!
3005 Fernwood Avenue #101, Ann Arbor, MI 48108
SOLD! 3005 Fernwood #101 is a well-maintained ranch home in Creekwood Condos is freshly painted and turn-key! Home offers:
- 2 bedrooms, 2 bathrooms + 930 square feet
- Combined living and dining room with gas fireplace and views to patio
- Master bedroom with generous closet space and updated en suite
- Notable updates including heating/cooling, Nest thermostat, blinds, and window treatments
- View additional photos and more details
- MLS #3262873
- Listed at $169,900
Call or email the Ann Arbor Real Estate Experts at The Bouma Group at 734-761-3060 or email@example.com today!
More Inventory but Less Sales for Ann Arbor Homes
Ann Arbor homes are starting off this new year strong with 67 homes being entered into the multiple listings service, this is an increase of 21% compared to the 55 last year. A total of 39 homes were sold, which is a significant 29% decrease compared to the 55 sold homes last January. Considering only the listings that were entered in January, not inclusive of those that have been on the market longer, 70% of the 67 homes were sold. Unfortunately for sellers, the average days on the market is 45, meaning that many homes entered last month have not yet sold; this is an 11.8% increase from 2017 though. Luckily for buyers, both listing and selling prices declined compared to the prior January. The average listing price dropped from $494,222 to $446,662, a 9.6% difference. There was less of a difference between the average selling price this year and last, $421,420 versus $450,822, only a 6.5% decline.
The Bouma group is here to help you with all of your housing needs, whether you are looking to buy or considering listing your home, contact the specialists at (734)761-3060 or email firstname.lastname@example.org. Stay tuned for consistently updated information about Ann Arbor homes and surrounding areas!
1741 Monterey Court, Ann Arbor, MI 48108
New to Market! Custom built home in Stonebridge Estates offers innovative design paired perfectly with functional living spaces. Details of this home are among:
- 2,718 square feet, 4 bedrooms, 3.5 bathrooms + 950 finished square feet in lower level
- Quality build details like built-ins, vaulted ceilings, and numerous upgrades
- Wooded view of Stonebridge Golf Course
- Finished lower level with large recreation and entertainment space
- Additional photos and details can be viewed here
- Offered at $685,000
Contact the Ann Arbor Real Estate Experts with The Bouma Group at 734-761-3060 or email@example.com for showing information and additional details on this luxurious Ann Arbor home.
584 Allison Drive, Ann Arbor, MI 48103
Just Listed! Charming cottage on quiet, tree-lined street on Ann Arbor’s west side. Features of this charming abode include:
- 1,371 Square Feet + 2 Bedrooms, 1 Bathroom
- Original 1930’s charm including wood stove and refinished hardwood floors
- New appliances, cabinets, and counters
- Private backyard and patio within walking distance to Vet’s Park, Plum Market, Knights Steakhouse, and Downtown Ann Arbor!
- View additional details and photos here
- Offered at $325,000
For showings of 584 Allison Drive, or to request more information about this home, contact the Ann Arbor Real Estate Experts with The Bouma Group at 734-761-3060 or firstname.lastname@example.org.
1008 Scott Place, Ann Arbor, MI 48105
New to Market! Refined living combined with simple functionality! This rare Oslund Condo will not disappoint. Check out its stunning features like:
- 2,036 Square Feet + unfinished basement, 3 bedrooms, 3 full bathrooms
- Crisp, white kitchen with stainless appliances, breakfast nook, and formal dining room
- Attached two car garage, lower level laundry, and access to 35 acres of woods and trails right outside your door
- Two patios with access from dining room, living room, and master bedroom
- Access to more photos and home details here
- MLS # 3262265
- Listed at $749,900
To request a showing of 1008 Scott Place or get more information about this stunning condo and Oslund Condominium Complex, contact the Ann Arbor Real Estate Experts with The Bouma Group at 734-761-3060 or at email@example.com.
More Ann Arbor Homes Sold Than Listed in December to Finish Off the Year
Here is your final real estate report for 2018 for Ann Arbor homes! Both this past month’s prices and year-to-date prices have increased. Unfortunately, both the average sale and listing prices have increased on all fronts as well. Like November, 39 homes were sold this December, which is a 12.8% decrease compared to the 44 homes sold the prior December. There is minimal increase in the average listing price last month, from $451,784 to $452,492 now. A total of 57 homes have been sold in December, and although this is a 17.4% decrease from December 2017; it is good for sellers because more homes were sold than listed (in December) meaning that some homes that were entered into the multiple listings service before December were able to be sold. The average sale price is $436,533 versus $417,239 in December 2017, which is a 4.6% increase. Luckily for sellers, there has been a decrease in the average days on the market, from 56 to 45 days, a 19.6% difference. Continue reading
1256 Glen Leven Road, Ann Arbor, MI 48103
SOLD! 1256 Glen Leven Road is a charming colonial on Ann Arbor’s west side that is looking for someone to come in and make it their own! Sturdy bones and features like:
- 1,377 square feet + 216 finished in lower level, 3 bedrooms, 1.5 bathrooms
- Detached 2 car garage and a 0.28 acre lot
- Two wood fireplaces, one in partially finished basement recreation room
- Walking distance to Pioneer High, The Big House, and minutes to downtown Ann Arbor!
- More photos and home details here
- Listed as-is for $349,900
To request a private showing of 1256 Glen Leven Road, or to learn more about this ideally located home, contact the Ann Arbor Real Estate Experts with The Bouma Group at 734-761-3060 or at firstname.lastname@example.org.
New Listings Entered for Ann Arbor Homes Plummet
This November, Ann Arbor residential has seen a major dive in the amount of new listings entered. Only 39 homes were entered into the multiple listings service, this is a extreme 49% decline compared to last November last year when 73 homes were entered. There has only been a minimal increase in listing prices, from $500,023 on average in November 2018 to $507,659 currently. Luckily for sellers, a total of 97 homes were sold this past month, in comparison to the 90 homes sold the prior November, which is a 7.8% increase. The average selling price is still below the average listing price at $430,073, but is 6% above last year’s ASP of $405,669. For the month of November, the average days on the market is 36, which is better than the 38 days last November.
So far this year, 1419 homes have been entered into the MLS, and this is a minor increase compared to the 1383 homes that had been listed at this time in 2017. The average listing price cumulatively is $488,694 currently, versus $474,190 last year, which is a 3% rise. There has only been a slight decline in the amount of sold homes thus far in comparison to the previous year, from 1057 to 1038 sold homes. Like ALP, the ASP has also increased; overall, homes sell for $438,210 and this is a difference of 3.6% compared to $423,024.
Perhaps this significant decline in homes is due to the upcoming holidays. Whether you are looking to buy or sell a home, don’t hesitate to contact the real estate specialists with The Bouma Group at (734)761-3060 or email email@example.com. Check back here for more up-to-date information on Ann Arbor homes!
3732 Oakmore Court, Ann Arbor, MI 48103
Just Listed! 3732 Oakmore Court is a unique, contemporary home nestled in a private wooded setting in Scio Township. This stunning home has features like:
- 3,330 square feet + 1,733 finished in lower level, 4 bedrooms, and 3.5 bathrooms
- 2.51 acre lot and 2 car attached garage
- Updates like roof, driveway, brick paver patio, exterior paint, and a whole house generator
- Soaring ceilings, walls of windows, and abundant natural light throughout
- See more photos and details
- Presented at $1,100,000
To request a private showing of 3732 Oakmore Court, or to learn more about this luxurious one-of-a-kind home, contact the Ann Arbor Real Estate Experts with The Bouma Group at 734-761-3060 or at firstname.lastname@example.org.