Tag Archives: Market Report

Ann Arbor Real Estate Market Update – February 2017

The Spring Real Estate Market Starts Now!

Ann Arbor Real Estate Statistics for February 2017

Due to a huge lack of listing inventory, Ann Arbor is in a strong seller’s market with a 2.5 month supply of homes for sale. This is the lowest it has been for February since long before the real estate recovery started, when it was a consistent buyer’s market. The buyer pool remains very strong with a growing job market, low interest rates, and millennials starting to purchase homes. At the end of February, there were 279 homes listed for sale compared with 313 listings last year. The lack of inventory is pushing values upward as buyers compete for listings in their price range.

The spring market is here, now is the perfect time to get your home listed for sale! With this lower than average inventory, homes in great condition are selling quicker than ever. For more information about selling or purchasing an Ann Arbor home, contact the  Ann Arbor real estate specialists at The Bouma Group today at 734-761-3060 or info@bouma.com. We have statistics for all Ann Arbor subdivisions, specific price points and more! And be sure to visit our website at www.bouma.com where you can search for homes in the Ann Arbor MLS, view information for all Ann Arbor condos,  or read our informative Ann Arbor real estate blog for buyers and sellers.Save

Arbor Heights, Ann Arbor Condo Market Report

Arbor Heights Condo Market Report – March 2017Arbor Heights Condos, Ann Arbor MI

There is currently 1 unit listed for sale at Arbor Heights and so far this year,

Condo for Sale:

  • $59,900.  4214 Packard #1, Ann Arbor. Studio condo with 432 square feet with 1 bath.

Sold Condos:

  • 63,500.  4218 Packard St., Ann Arbor. 768 square feet with 2 bedrooms and 1 bath.

Last year at Arbor Heights, 3 condos sold with an average sale price of $62,833 and an average price per square foot of $82.00.  The unit sold this year has an ASP of $63,500 and an A$SF of $83.00, both up slightly. For more information on condo life at Arbor Heights, or for immediate notification when a new listing comes to the market, contact us at The Bouma Group, Realtors today at 734-761-3060 or email info@bouma.com. View more Ann Arbor Condo complexes here!

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Forest Creek, Ann Arbor Condo Report

Forest Creek, Ann Arbor Condo Report – March 2017Forest Creek Condos, Ann Arbor MI

There are currently 0 condos listed for sale at Forest Creek. In 2016, 4 condos sold and so far this year, 0 have sold.

Sold Condos:

  • $155,000.  3062 Forest Creek, Ann Arbor. 966 sq. ft., +700 in finished lower level,  2 bedrooms and 2 baths.
  • $146,000.  3029 Forest Creek, Ann Arbor. 1012 square feet with 2 bedrooms and 1 bath.
  • $142,000.  3027 Forest Creek, Ann Arbor. 968 square feet with 2 bedrooms and 1.1 baths. Sold by The Bouma Group
  • $140,000.  3075 Forest Creek, Ann Arbor. 968 square feet with 2 bedrooms and 1.1 baths.

In 2015, 7 units sold with an average sale price of $127,779 and an average price per square foot of $128.00. The 4 units sold last year have an ASP of $146,375, up 14.5%, and an A$SF of $150.00, up 17%. For more information on condo values at Forest Creek, or to be notified immediately when a new listing comes to the market, contact us at The Bouma Group today at 734-761-3060 or email info@bouma.com. View more Ann Arbor Condos here!

Garden Homes Park, Ann Arbor Real Estate Report

Garden Homes Park Real Estate Report – March 2017Garden Homes Park neighborhood, Ann Arbor MI

Garden Homes Park is a classic neighborhood located on the west side of Ann Arbor. There are currently 2 homes listed for sale and so far this year, 2 have sold. In 2016, 1 home sold.

Homes for Sale:

  • $295,000.  2260 Garden Homes Dr., Ann Arbor. 1716 square feet with 3 bedrooms and 2 baths.
  • $279,900.  1700 Fulmer, Ann Arbor. 2614 square feet with 5 bedrooms and 2.1 baths. Sale Pending

Sold Homes:

  • $400,000.  1659 Fulmer, Ann Arbor. 2968 square feet with 4 bedrooms and 3.1 baths. New Construction
  • $142,500.  1771 S. Franklin Ct., Ann Arbor. 1512 square feet with 3 bedrooms and 2 baths.

Sold Homes 2016:

  • $177,000.  1755 N. Maple, Ann Arbor. 1232 square feet with 3 bedrooms and 2 baths.

The home sold last year had a sale price of $177,000 and an average price per square foot of $144.00. The 2 homes sold this year have an average sale price of $271,250, up 53%, and an A$SF of $115.00, down 20%. This large disparity can be attributed to the new construction home selling for top dollar for the neighborhood and the other home selling at the bottom end of the spectrum. To learn more about home values and the types of homes in the Garden Homes Park neighborhood, call us at The Bouma Group at 734-761-3060 or email info@bouma.com. We’ve been selling Ann Arbor Real Estate for more than 30 years and know the market better than anyone!

 

 

Earhart Village, Ann Arbor Condo Market Report

Earhart Village, Ann Arbor Condo Report – March 2017Earhart Village Condos, Ann Arbor MI 48105

There are currently 0 condos listed for sale at Earhart Village. So far this year, 1 has sold and in 2016, 11 sold.

Condo Sold in 2017:

  • $269,900.  812 Earhart, Ann Arbor. 1736 sq. ft., +750 in finished lower level, 3 bedrooms and 2.1 baths.

Condos Sold in 2016:

  • $265,000.  931 Greenhills, Ann Arbor. 1893 sq. ft., +950 in finished lower level, 5 bedrooms and 3.1 baths.
  • $261,000.  1010 Greenhills, Ann Arbor. 1736 sq. ft., +308 in finished lower level, 3 bedrooms and 2.1 baths.
  • $247,000.  704 Greenhills, Ann Arbor. 1540 square feet with 3 bedrooms and 2.1 baths. Listed and Sold by The Bouma Group
  • $246,000.  788 Greenhills, Ann Arbor. 1468 square feet with 3 bedrooms and 2.1 baths.
  • $245,000.  1050 Greenhills, Ann Arbor. 1537 square feet with 2 bedrooms and 2 baths.
  • $242,500.  746 Greenhills, Ann Arbor. 1975 square feet with 4 bedrooms and 2.1 baths.
  • $240,750.  744 Greenhills, Ann Arbor. 1334 square feet with 2 bedrooms and 1.1 baths.
  • $237,000.  843 Greenhills, Ann Arbor. 1736 sq. ft., +825 in finished lower level, 3 bedrooms and 2.1 baths.
  • $229,000.  927 Greenhills, Ann Arbor. 1736 sq. ft., +500 in finished lower level, 3 bedrooms and 2.1 baths.
  • $208,200.  656 Greenhills, Ann Arbor. 1396 sq. ft., +200 in finished lower level, 2 bedrooms and 2.1 baths.

The 11 condos sold last year have an average sale price of $241,950 and an average price per square foot of $150.00. The unit sold this year had a higher sale price than any last year and an A$SF of $155.00, up 3%. The A$SF has risen 67% since the low of $90/SF in 2010, which is great news for condo owners. For more information on values at Earhart Village, or would like to know what your condo is worth in today’s market, give us a call at The Bouma Group, Realtors at 734-761-3060 or email info@bouma.com. View more Ann Arbor Condo complexes here!

Hometown Village of Ann Arbor Real Estate Market Report

Hometown Village Real Estate Report – March 2017Hometown Village of Ann Arbor Subdivision

There is currently 1 home listed for sale at Hometown Village of Ann Arbor, and so far this year 0 have sold. In 2016, 7 homes sold.

Home for Sale:

  • $375,000.  1304 North Bay, Ann Arbor. 3073 square feet with 4 bedrooms and 2.1 baths. Sale Pending

Homes Sold in 2016:

  • $425,000.  1495 Chapleau, Ann Arbor. 2812 sq. ft., +1200 in finished lower level, 4 bedrooms and 3.1 baths.
  • $370,000.  1377 Timmins, Ann Arbor. 2112 sq. ft., +500 in finished lower level, 4 bedrooms and 3.1 baths. Listed by The Bouma Group
  • $355,000.  1259 North Bay, Ann Arbor. 2755 square feet with 4 bedrooms and 2.1 baths.
  • $338,500.  1273 Timmins, Ann Arbor. 1842 sq. ft., +700 in finished lower level, 3 bedrooms and 2.1 baths.
  • $300,000.  1508 Chapleau, Ann Arbor. 2236 sq. ft., +600 in finished lower level, 4 bedrooms and 3.1 baths.
  • $294,500.  1349 Timmins, Ann Arbor. 2255 square feet with 3 bedrooms and 2.1 baths.
  • $294,500.  1548 Chapleau, Ann Arbor. 1674 square feet with 3 bedrooms and 2.1 baths.

In 2015, 6 homes sold at Hometown Village with an average sale price of $359,000 and average price per square foot of $147.00.  The 7 sold in 2016 had an ASP of $339,643, down 5%, and an A$SF of $154.00, up 5%. For more information on home values or what is currently for sale at Hometown Village, call us at The Bouma Group, Realtors at 734-761-3060 or email info@bouma.com. Thinking of selling your Ann Arbor home? Find out what it may be worth today!

Ashford Place Condos, Ann Arbor Market Report

Ashford Place Condo Report – March 2017 Ashford Place Condos, Ann Arbor MI 48105

There is currently 1 condo listed for sale at Ashford Place. So far this year 0 units have sold and in 2016, 5 sold.

Condo for Sale:

  • $355,000.  2753 Maitland, Ann Arbor. 2155 sq. ft., +1000 in finished lower level, 2 bedrooms and 3.1 baths.

Sold Condos in 2016:

  • $377,000.  2716 Winter Garden Ct., Ann Arbor. 1961 square feet with 3 bedrooms and 2.1 baths.
  • $350,000.  2781 Maitland, Ann Arbor. 1961 square feet with 3 bedrooms and 2.1 baths.
  • $335,000.  2723 Winter Garden Ct., Ann Arbor. 2253 square feet with 2 bedrooms and 2.1 baths.
  • $325,000.  2726 Maitland, Ann Arbor. 2416 sq. ft., +1264 in finished lower level, 3 bedrooms and 2.1 baths.
  • $300,000.  2785 Maitland, Ann Arbor. 2235 sq. ft., 460 in finished lower level, 3 bedrooms and 2.1 baths.

In 2015, 3 condos sold with an average sale price of $351,667 and an average price per square foot of $167.00.  The 5 sold last year have an ASP of $337,400, down 4%, and an A$SF of $158.00, down 5%. The slight decline in values only occurred after a fairly steady rise since the low in 2009. To keep up with the real estate market at Ashford Place, or to find out what your condo might be worth, call The Bouma Group today at 734-761-3060 or email info@bouma.com today. See more Ann Arbor Condo complexes here!

Dexter Real Estate Market Update – Fourth Quarter 2016

Dexter Ends Year with Increased Sales

Dexter Real Estate Stats for the Fourth Quarter 2016

The number of sold Dexter homes increased 3% from 269 in 2015 to 277 in 2016. There was also a 6% increase in the average sale price, going from $334,082 in 2015 to $354,283. However, as we have seen with all of Washtenaw County, the number of homes listed in 2016 decreased significantly, dropping by 18% or 81 homes. As a whole, Dexter Real Estate is in a seller’s market with a 3.5 month supply of homes listed for sale. If this trend continues into the new year, buyers will have a harder and harder time finding and securing a new home, as the buyer pool remains strong and the listing inventory dwindles.

With such low inventory, now is the perfect time to get your home ready to sell! Get ahead of the spring market and contact us for a comparative market analysis and find out what your home is worth today! Call us at The Bouma Group, Realtors at 734-761-3060 or email info@bouma.com. Thinking of buying? Start your Dexter Real Estate Search here!

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Geddes Lake, Ann Arbor Condo Market Update

Geddes Lake Condo Market Report – February 2017Geddes Lake Condos, Ann Arbor MI 48105

There are currently 4 condos listed for sale at popular Geddes Lake and last year, 29 condos sold.

Condos for Sale:

  • $219,900.  745 Skynob, Ann Arbor. 1516 square feet with 3 bedrooms and 2.1 baths.
  • $219,900.  623 Watersedge, Ann Arbor. 1516 square feet with 3 bedrooms and 2.1 baths. Sale Pending
  • $219,000.  729 Skynob, Ann Arbor. 1516 square feet with 3 bedrooms and 2.1 baths. Sale Pending
  • $199,000.  798 Peninsula Ct., Ann Arbor. 1152 square feet with 2 bedrooms and 1.1 baths. Sale Pending

Sold Condos:

  • $225,900.  799 Skynob, Ann Arbor. 1516 square feet with 3 bedrooms and 2.1 baths.
  • $218,000.  773 Peninsula Ct., Ann Arbor. 1516 square feet with 3 bedrooms and 2.1 baths.
  • $215,500.  683 Skynob, Ann Arbor. 1516 square feet with 3 bedrooms and 2.1 baths.
  • $210,000.  3025 Lakehaven, Ann Arbor. 1516 square feet with 3 bedrooms and 2.1 baths.
  • $207,000.  3041 Lakehaven, Ann Arbor. 1208 square feet with 2 bedrooms and 1.1 baths.
  • $205,000.  628 Peninsula Ct., Ann Arbor. 1516 square feet with 3 bedrooms and 2.1 baths.
  • $199,000.  674 Peninsula Ct., Ann Arbor. 1152 square feet with 2 bedrooms and 1.1 baths.
  • $195,000.  731 Skynob Ct., Ann Arbor. 1516 square feet with 3 bedrooms and 2.1 baths.
  • $192,000.  659 Watersedge, Ann Arbor. 1152 square feet with 2 bedrooms and 1.1 baths. Listed by The Bouma Group
  • $185,000.  738 Watersedge, Ann Arbor. 1208 square feet with 2 bedroom and 1.1 baths.
    • For a complete list of sold condos, contact us at 734-761-3060

In 2015, 28 condos sold with an average sale price of $168,014 and an average price per square foot of $131.00. The 29 units sold in 2016 had an ASP of $185,045, up 10%, and an A$SF of $145.00, up 11%. Values here continue to rise and the ASP is up 89% compared with the low in 2008 of $97,747. View more market statistics, plus photos, amenities, current listings and more for Geddes Lake here! And if you have any questions or would like to learn more about listing your Ann Arbor Condo, contact the real estate specialists with The Bouma Group today at 734-761-3060 or email info@bouma.com today.

Deer Run Subdivision, Dexter Real Estate Report

Dexter Real Estate Report – January 2017Deer Run Subdivision, Dexter MI 48130

Deer Run is a small Dexter subdivision of sizable homes on large, acre+ lots. There are currently 0 homes listed for sale, no homes sold in 2016, and 2 homes sold in 2015.

Sold Homes 2015:

  • $325,000.  6756 Brassow Lane, Dexter. 1791 sq. ft., +1200 in finished lower level, 4 bedrooms and 3.1 baths.
  • $270,000.  6967 Brassow Lane, Dexter. 1450 square feet with 3 bedrooms and 2 baths.

In 2014, 2 homes sold with an average sale price of $299,500 and average price per square foot of $137.00. The 2 homes sold in 2015 has an ASP of $299,500 and A$SF of $185.00, up 35% indicating buyers were willing to pay more for less square footage. To learn more about Deer Run, contact the real estate specialists with The Bouma Group today at 734-761-3060 or email info@bouma.com. See more Dexter neighborhoods here!

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