Tag Archives: market update

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!

Central Park Neighborhood Report

Real Estate Report – August 2019

As one of Canton’s distinguished neighborhoods, Central Park has beautiful homes on large lots with well-maintained landscaping. As well, the subdivision offers a clubhouse with tennis courts, trails and is adjacent to a golf course. Presently, there are 11 homes listed on the market and 8 have been sold this year.

Homes for Sale:

  • $534,900. 1792 Liberty Street North, Canton. 3391 sq. ft., + 900 in the finished lower level; 4 bedrooms and 4.2 baths.
  • $485,000. 48662 Central Park Drive, Canton. 3637 sq. ft., + 993 in the finished lower level; 4 bedrooms and 3.2 baths.
  • $475,000. 1390 Delancy Circle, Canton. 3000 sq. ft., + 1563 in the finished lower level; 4 bedrooms and 4.1 baths.
  • $475,000. 560 Manhattan Court, Canton. 3298 sq. ft., + 1650 in the finished lower level; 4 bedrooms and 4.1 baths.
  • $469,900. 48826 Central Park Drive, Canton. 3255 sq. ft., + 1600 in the finished lower level; 4 bedrooms and 4.2 baths.
  • $458,000. 48895 Rockfeller, Canton. 2656 sq. ft., + 1100 in the finished lower level; 4 bedrooms and 2.1 baths.
  • $455,000. 467 Sylvan Drive, Canton. 3252 sq. ft., + 900 in the finished lower level; 4 bedrooms and 3.2 baths. Sale Pending
  • $449,900. 414 Lennox Drive, Canton. 3329 square feet with 4 bedrooms and 3.2 baths.

For a complete list of Homes for Sale at Central Park, Canton, contact us at (734)761-3060

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!

Brentwood Square Condo Report

Condominium Report – August 2019

Brentwood Square, Ann Arbor MI

Brentwood Square has a classic exterior and comes in three different floor plans, all of which have been built with excellence. In the center of the Ann Arbor complex is a beautiful creek and pond, surrounding is nature area. Presently, 1 condo is listed for sale and 3 have been sold this year.

Condo for Sale:

  • $234,900. 1939 Lindsay Lane, Ann Arbor. 929 square feet with 2 bedrooms and 1.1 baths.

Condos Sold in 2019:

  • $263,000. 1879 Lindsay Lane, Ann Arbor. 1402 square feet with 2 bedrooms and 2.0 baths.
  • $225,000. 1877 Lindsay Lane, Ann Arbor. 926 square feet with 2 bedrooms and 1.1 baths.
  • $220,000. 1933 Lindsay Lane, Ann Arbor. 925 square feet with 2 bedrooms and 1.1 baths.

Last year at Brentwood Square, 6 condos sold with an average sale price of $269,575 and an average price per square foot of $231.30. The 3 condos that have sold so far in 2019 have an ASP of $236,000, down 12.5%, and an A$/SF of $222.72, down 3.2%. For more information on Brentwood Square, contact the condo experts with The Bouma Group at (734)761-3060 or via email info@condohotline.com. Click here to discover more regarding Ann Arbor condos!

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!

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!

Buckingham Place Neighborhood Report

Real Estate Report – August 2019

The homes of Buckingham Place are comprised of many splendid features. As well, the Canton neighborhood is close to many amenities. Presently, 6 homes are listed for sale and 4 have been sold this year.

Homes for Sale:

  • $650,000. 7485 Chesterfield Drive, Canton. 4375 sq. ft., + 2175 in the finished lower level; 4 bedrooms and 4.1 baths. Sale Pending
  • $474,900. 7296 Lyndhurst Drive, Canton. 3455 square feet with 4 bedrooms and 3.1 baths. Sale Pending
  • $459,000. 7293 Lyndhurst Drive, Canton. 3134 sq. ft., + 1500 in the finished lower level; 4 bedrooms and 3.1 baths.
  • $429,900. 48151 Chesterfield Drive South, Canton. 2825 square feet with 4 bedrooms and 2.1 baths.
  • $419,900. 7214 Wadebridge Drive, Canton. 3024 sq. ft., + 1000 in the finished lower level; 4 bedrooms and 3.1 baths.
  • $365,000. 48171 Whitney Court, Canton. 2507 square feet with 3 bedrooms and 1.1 baths. Sale Pending

Homes Sold in 2019:

  • $470,000. 48227 Wadebridge Drive, Canton. 3184 sq. ft., + 1600 in the finished lower level; 4 bedrooms and 3.1 baths.
  • $415,000. 48327 Castleside Drive, Canton. 2825 square feet with 4 bedrooms and 2.1 baths.
  • $400,000. 48151 Chesterfield Drive South, Canton. 2825 square feet with 4 bedrooms and 2.1 baths.
  • $380,000. 48279 Chesterfield Drive South, Canton. 3042 square feet with 4 bedrooms and 2.1 baths.

Last year at Buckingham Place, 4 homes sold with an average sale price of $495,000 and an average price per square foot $161.39. The 4 homes that have sold so far in 2019 have an ASP of $416,250, down 15.9%, and an A$/SF of $140.26, down 13.1%. To learn more about home values at Buckingham Place, contact the real estate specialists with The Bouma Group at (780)761-3060 or via email info@bouma.com. View more Canton neighborhoods here!

Georgetown Commons Condo Report

Condominium Report – July 2019

Georgetown Commons, Ann Arbor MI

This established collection of Ann Arbor townhomes offers classic curb appeal along with landscaping. Further, Georgetown Commons offers attached garages and sufficient living space for residents. Presently, 1 condo is listed for sale and 12 have been sold this year. The Bouma Group was involved in a couple of the sales.

Condo for Sale:

  • $187,500. 2724 Glenbridge Court, Ann Arbor. 882 sq. ft., + 126 in the finished lower level; 2 bedrooms and 1.0 baths.

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!

Gallery Park Condo Report

Condominium Report – July 2019

Gallery Park, Ann Arbor MI Real Estate Report - July 2019

Gallery Park is a collection of deluxe Ann Arbor units built with additional elements inside. Condos are ranch style with more than one level and a variety of layouts. Presently, there are 3 condos that are listed and 2 have been sold this year.

Condos for Sale:

  • $439,900. 5569 Gallery Park Drive, Ann Arbor. 2334 sq. ft., + 1200 in the finished lower level; 4 bedrooms and 3.1 baths. Sale Pending
  • $439,000. 5554 Gallery Park Drive #17, Ann Arbor. 2335 sq. ft., + 1093 in the finished lower level; 4 bedrooms and 3.1 baths.
  • $319,900. 5574 Gallery Park Drive, Ann Arbor. 1890 square feet with 2 bedrooms and 2.1 baths. Sale Pending

Condos Sold in 2019:

  • $405,000. 5542 Gallery Park Drive #13, Ann Arbor. 2353 square feet with 3 bedrooms and 2.1 baths.
  • $349,000. 5604 Gallery Park Drive, Ann Arbor. 1535 square feet with 2 bedrooms and 2.0 baths. Sold by The Bouma Group

Last year at Gallery Park, 3 homes sold with an average sale price of $354,967 and an average price per square foot of $187.38. The 2 homes that have sold so far in 2019 have an ASP of $377,000, up 6.2%, and an APSF of $199.74, up 6.6%. To learn more about market values at Gallery Park, contact the condo experts with The Bouma Group at (734)761-3060 or via email info@bouma.com. More information on Ann Arbor condos here!