Tag Archives: market update

Ann Arbor Real Estate Report – December 2019

Less Inventory and More Sales for Ann Arbor Homes

In the final month of 2019, Ann Arbor homes saw a considerable 33.3% decrease in the amount listings from 39 last December to 26 more recently. The average listing price rose, but only minimally from $452,492 to $462,794 now. Sellers were able to finish the year strong with 81 sold properties in December, a significant 41.2% increase from the 57 previously. As for the average sale price, it has stayed relatively stable at $433,953 versus $436,533 last December. Unfortunately for sellers, the average days on the market increased 24.4% to 56 days.

Overall the numbers rose for the year-to-date statistics. In 2018, a total of 1,458 homes were listed for sale, whereas this year 1,470 homes were added to the multiple listings service. The ALP increased by 3% from $487,432 to $501,886. 1,082 homes were sold this past year, and this is only a slight decline compared to the 1,096 before. Cumulatively, the ASP increased by 4.2%, from $438,492 to $457,930.

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 specialists at (734)761-3060 or email info@bouma.com. To search Ann Arbor neighborhoods, click here!

Ann Arbor Real Estate Report – November 2019

Year-to-Date Statistics Remain Stable

Although the year is coming to a close, Ann Arbor homes are still being listed with 60 new units having been added to the market this past month, a 53.8% rise compared to the 39 entered last November. The average listing price is sitting at $449,629, versus the $507,659 previously, an 11.4% decrease. Unfortunately for sellers, there has been a considerable 34% decrease in the amount of sold homes, from 97 in November 2018 to 64 this November. As for the average selling price, it is currently $439,220 and this is a minimal increase compared to the $430,073 the November prior. Presently, it takes 43 days on average for a home to sell.

Now examining the year-to-date statistics, the inventory amount has stayed fairly consistent. A total of 1444 homes of been entered into the multiple listings service thus far, and this is a minimal rise in comparison to the 1419 from last year. The ALP has also increased slightly, from $488,694 to $502,716. Exactly 1000 houses have been sold so far, and this is only a slight rise of 3.7% from the 1038 sold previously at this time. There has been a 5% increase in the ASP from $438,210 to $460,025 currently.

The Bouma Group is here to help with all of your housing needs, whether you are considering selling your house or purchasing a new home, contact the real estate specialists at (780)761-3060 or via email info@bouma.com. Check back here for the latest information about Ann Arbor homes!

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!

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!