Tag Archives: Ann Arbor Real Estate

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!

Riding Oaks Estates Neighborhood Report

Riding Oaks Estates Real Estate Report – November 2019

Riding Oaks Estates has splendid newly built homes that are top quality. This luxury Ann Arbor neighborhood also has well-maintained foliage and within the subdivision are walking paths and a pond. Presently, 2 homes are on the market and 3 have been sold this year.

Homes for Sale:

  • $849,900. 2210 Kimberwickle Court, Ann Arbor. 4145 square feet with 4 bedrooms and 3.1 baths.

Homes Sold in 2019:

  • $905,000. 1880 Tapadera Drive, Ann Arbor. 4868 square feet with 4 bedrooms and 3.1 baths.
  • $902,500. 1890 Tapadera Drive, Ann Arbor. 4871 square feet with 4 bedrooms and 4.1 baths. Sold by The Bouma Group
  • $890,000. 2070 Kimberwickle Court, Ann Arbor. 4078 square feet with 4 bedrooms and 3.1 baths.
  • $885,000. 2040 Hackamore Drive, Ann Arbor. 4078 square feet with 5 bedrooms and 4.1 baths.

Last year at Riding Oaks Estates, 1 home sold with a sale price of $813,000 and a price per square foot of $199.36. The 4 homes that have sold so far in 2019 have an average sale price of $895,625, up 10%, and an average price per square foot of $201.61, up slightly. To learn more about the market at Riding Oaks Estates, 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!

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!

Ann Arbor Real Estate Report – July 2019

Average Days on the Market Stays Below 30 Days

Although there has been an increase in the amount of new inventory for Ann Arbor homes in July, the average days on the market is under a month at 21 days. A total of 163 homes were entered into the MLS this past month, a slight increase compared to the 146 last July. Listing prices have risen as well, they are currently averaged at $507,407 whereas before the ALP was $490,390, a 3.5% increase. There was only minimal difference in the amount of sales this July compared to the previous, 127 homes in 2019 versus 131. Selling prices have dipped only slightly, from $443,944 to $437,728 currently.

Looking ahead at year-to-date statistics, the average days on the market is hovering on the 30 day point. 1042 homes have been listed since July 2018 and this is only a small increase in comparison to the 1018 last year. The average listing price has risen 7.9% from $487,314 to $525,590. Thus far, 641 homes have been sold with an average sale price of $464,155. In comparison to the previous statistics, there has been only a slight decline from the 655 homes sold and a 5.8% rise from the ASP of $438,859.

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

Tanglewood Neighborhood Report

Real Estate Report – August 2019

Tanglewood, Ann Arbor MI

Stately homes are found in Tanglewood, they are constructed by established builders and have numerous custom features. Further, this Ann Arbor neighborhood is in a tranquil setting yet is close to the city. Presently, 5 homes are on the market and 3 have been sold this year. The Bouma Group is currently involved in one of the listings.

Homes for Sale:

  • $1,198,500. 5301 Overbrook Drive, Ann Arbor. 4438 sq. ft., + 2650 in the finished lower level; 4 bedrooms and 5.2 baths.
  • $1,159,900. 5333 Kelsey Circle, Ann Arbor. 4386 sq. ft., + 2518 in the finished lower level; 6 bedrooms and 5.2 baths. Listed by The Bouma Group
  • $775,000. 3689 Rolling Ridge Court, Ann Arbor. 3680 square feet with 4 bedrooms and 4.0 baths.
  • $695,000. 5619 Overbrook Drive, Ann Arbor. 3244 sq. ft., + 1782 in the finished lower level; 5 bedrooms and 3.1 baths. Sale Pending
  • $659,900. 3620 Creekside Drive, Ann Arbor. 3256 sq. ft., + 559 in the finished lower level; 4 bedrooms and 3.1 baths. Sale Pending

Homes Sold in 2019:

  • $837,635. 3669 Knoll Creek Court, Ann Arbor. 4546 square feet with 4 bedrooms and 3.1 baths.
  • $765,000. 5345 Overbrook Drive, Ann Arbor. 3550 sq. ft., + 1035 in the finished lower level; 5 bedrooms and 4.1 baths.
  • $633,000. 3629 Tanglewood Drive, Ann Arbor. 2588 sq. ft., + 1413 in the finished lower level; 4 bedrooms and 4.0 baths.

Last year at Tanglewood, 6 homes sold with an average sale price of $713,167 and an average price per square foot of $208.44. The 3 homes that have sold so far in 2019 have an ASP of $736,000, up 3.2%, and an A$/SF of $212.75, up slightly. If you would like to learn more about the housing market at Tanglewood, contact the Real Estate specialists with The Bouma Group at (734)761-3060 or via email info@bouma.com. View more Ann Arbor subdivisions here!

Churchill Downs Neighborhood Report

Real Estate Report – July 2019

Churchill Downs, Ann Arbor MI Real Estate Report - July 2019

Churchill Downs is a well-known Ann Arbor subdivision consisting of a variety of homes; although built in the 1970s, many of the interiors have been renovated. The neighborhood is also located conveniently near parks, stadiums and sports arenas. Presently, there is 1 home on the market and 2 have been sold this year. The Bouma Group has been involved in all of the market activity this year.

Home for Sale:

  • $350,000. 2160 Steeplechase Drive, Ann Arbor. 1350 sq. ft., + 1300 in the finished lower level; 3 bedrooms and 1.1 baths. Listed by The Bouma Group, Sale Pending

Homes Sold in 2019:

  • $375,000. 2185 Churchill Drive, Ann Arbor. 1684 sq. ft., + 482 in the finished lower level; 3 bedrooms and 2.1 baths. Sold by The Bouma Group
  • $322,500. 2010 Churchill Drive, Ann Arbor. 1450 square feet with 3 bedrooms and 1.1 baths. Sold by The Bouma Group

Last year at Churchill Downs, 2 homes sold with an average sale price of $322,000 and an average price per square foot of $224.58. The 2 homes that have sold so far in 2019 have an ASP of $348,750, up 8.3%, and an A$/SF of $222.55, down slightly. To learn more about home values at Churchilll Downs, contact the real estate specialists with The Bouma Group at (734)761-3060 or via email info@bouma.com. As seen above, it is evident that we have extensive knowledge on this subdivision. View more Ann Arbor neighborhoods here!

Hickory Pointe Neighborhood Report

Real Estate Report – July 2019

Hickory Pointe, Ann Arbor MI Real Estate Report - July 2019

With a variety of homes ranging in size and build date, Hickory Pointe is a well known Ann Arbor subdivision. It is also easily accessible via highways, meaning that owners have many amenities nearby. Presently, there are 5 homes on the market and 8 have been sold this year.

Homes for Sale:

  • $379,000. 4899 Hickory Pointe Boulevard, Ann Arbor. 3024 sq. ft., + 1000 in the finished lower level; 5 bedrooms and 2.1 baths. Sale Pending
  • $375,000. 4605 Shellbark Drive, Ann Arbor. 3024 square feet with 4 bedrooms and 2.1 baths.
  • $315,000. 5137 Blue Spruce Drive, Ann Arbor. 1936 sq. ft., + 650 in the finished lower level; 3 bedrooms and 3.1 baths.
  • $310,000. 5170 Hickory Pointe Boulevard, Ann Arbor. 2236 sq. ft., + 1000 in the finished lower level; 3 bedrooms and 2.1 baths.
  • $270,000. 4547 Hickory Pointe Boulevard, Ann Arbor. 2056 sq. ft., + 765 in the finished lower level; 3 bedrooms and 2.1 baths.

Lake Forest Highlands Neighborhood Report

Real Estate Report – July 2019

This lovely Ann Arbor neighborhood offers a tranquil setting while being between both the city and the country. Lake Forest Highlands has natural areas that are landscaped nicely and well-maintained. Presently, there are 2 homes listed for sale and 1 has sold this year.

Homes for Sale:

  • $489,900. 3645 East Highlander Way, Ann Arbor. 2218 sq. ft., + 900 in the finished lower level; 4 bedrooms and 2.1 baths. Sale Pending
  • $415,000. 2653 Northridge Court, Ann Arbor. 2175 sq. ft., + 909 in the finished lower level; 4 bedrooms and 3.1 baths.

Home Sold in 2019

  • $439,500. 3656 East Highlander Way, Ann Arbor. 2176 sq. ft., + 500 in the finished lower level; 5 bedrooms and 3.1 baths.

Last year at Lake Forest Highlands, 3 homes sold with an average sale price of $440,000 and an average price per square foot of $206.00. The 1 home that has sold so far in 2019 had a sale price of $439,500, down slightly, and a price per square foot of $202.00, also down slightly. If you would like to be updated on selling and listing activity in Lake Forest Highlands, contact the real estate specialists with The Bouma Group at (734)761-3060 or via email info@bouma.com. View more Ann Arbor subdivisions here!

Ann Arbor Real Estate Report – June 2019

An All Around Increase in Prices

Listing and selling prices for both monthly and year-to-date statistics in Ann Arbor have seen an increase in comparison to last year’s numbers. In June, 158 homes were sold in Ann Arbor and this is an increase of 18.6% from the 194 homes sold the previous June. Up 6.8% from $475,710 last year, the average listing price in the past month was $507,887. A total of 129 homes were sold, down only slightly compared to the 133 sold in June 2018. Luckily for sellers, the average selling price is above the ALP at $514,071, a 14.5% increase from June the year prior. The average days on the market was 28 which is 10 more than before.

Looking at year-to-date statistics, 880 homes have been listed so far and this is only a slight increase compared to this time last year. The ALP all together is up 8.8% from $488,286 to $531,389 now. Cumulatively, 514 homes have been sold thus far in 2019 which is a minimal decrease in comparison to last year’s statistics. Average selling prices have totaled to $470,685 at this point versus $437,914 in 2018, a 7.5% rise.

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

3005 Fernwood Avenue #101, Ann Arbor, MI 48108

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 info@bouma.com today!