Tag Archives: market update

Ann Arbor Condo Market Update – 2nd Quarter 2017

Ann Arbor Condo Market Update

Ann Arbor Condo Statistics for June 2017

Ann Arbor Condos remain in a seller’s market with a 3.4 month supply of listings at the end of the second quarter of 2017. In fact, it has been a seller’s market since May of 2013 when it was briefly a balanced market. The trend has been that May has the highest amount of inventory. But even with higher Spring inventory, it still isn’t enough to keep up with buyer demand, which is keeping it a seller’s market. The other side of this is, condo prices are being driven upward as multiple buyers bid the price up. This is great news for seller’s, but buyer’s are having to pay more.  Continue reading

Ann Arbor Real Estate Market – 2nd Quarter 2017

Ann Arbor Real Estate Update

Ann Arbor Real Estate Statistics for July 2017
As the second quarter comes to an end, Ann Arbor Real Estate is in a seller’s market with a 4.5 month supply of homes overall. The number of listings is at it’s highest for the year with 494 homes for sale, but demand remains high and more than half of these listings are under contract with a buyer. Over $600k, things slow down a bit and it’s more of a buyer’s market in these price points due to the higher inventory.

It’s always a great time to sell your home, but now is the best! The summer market is still going strong and spring buyers that haven’t found the perfect home yet are just waiting for new listings. Wondering what your home is worth? Don’t count on a computer generated Zestimate, contact the real estate specialists with The Bouma Group today at 734-761-3060 or email info@bouma.com. We know the nuances of each Ann Arbor neighborhood and how to properly price your home for the market at that moment. Want to know what’s selling in your area? Get a FREE market snapshot here!

 

Hunter’s Ridge, Saline Real Estate Report

Hunter’s Ridge Real Estate Report – June 2017Hunter's Ridge Subdivision, Saline Real Estate

There is currently 1 home listed at Hunter’s Ridge subdivision on the south-east side of Saline in a country setting. Last year, 4 homes sold and so far this year, 3 have sold.

Home for Sale:

  • $425,000.  7144 Hunters Ridge Court, Saline. 2503 sq. ft., +1200 in finished lower level, 4 bedrooms and 2.2 baths.

Sold Homes 2016:

  • $460,000.  7218 Steeplechase Dr., Saline. 3160 square feet with 6 bedrooms and 3.1 baths.
  • $430,000.  7226 Hunters Ridge Court, Saline. 2808 square feet with 4 bedrooms and 2.1 baths.
  • $423,000.  7183 Remington Court, Saline. 2644 sq. ft., +1250 in finished lower level, 3 bedrooms and 2.1 baths.
  • $405,000.  7163 Hunters Ridge Court, Saline. 2572 square feet with 4 bedrooms and 2.1 baths.

Continue reading

Huron Chase, Ann Arbor Condo Market Update

Huron Chase, Ann Arbor Condo Update – May 2017Huron Chase Condos, Ann Arbor MI 48104

There is currently 1 condo listed for sale at Huron Chase and in the past 2 years, 3 have sold.

Condo for Sale:

  • $549,000.  1946 Boulder Drive, Ann Arbor. 1890 sq. ft., +800 in finished lower level, 2 bedrooms and 2.2 baths.

Sold Condos:

  • $575,000.  1962 Boulder Drive, Ann Arbor. 1849 sq. ft., +1100 in finished lower level, 3 bedrooms and 3 baths. Sold in 2016
  • $500,000.  1916 Boulder Drive, Ann Arbor. 1890 sq. ft., +970 in finished lower level, 2 bedrooms and 3. baths. Sold in 2015
  • $490,000.  1955 Boulder Drive, Ann Arbor. 2322 square feet with 3 bedrooms and 3 baths. Sold in 2015

The 2 condos sold in 2015 have an average sale price of $495,000 and an average price per square foot of $238.00. The condo sold in 2016 has an ASP of $575,000, up 16%, and an A$SF of $311.00, up 31%.  To learn more about the Huron Chase condo community, or to be notified when a new listing comes to the market, contact us at The Bouma Group, Realtors at 734-761-3060 or email info@bouma.com today!

Centennial Park, Saline Real Estate Report

Centennial Park Real Estate Report – May 2017Centennial Park Subdivision, Saline MI Neighborhood

There are currently 7 homes listed for sale at Centennial Park subdivision in Saline. So far this year, 3 have sold.

Homes for Sale:

  • $682,900.  6227 Gyers Meadow Lane. 3470 sq. ft., +1500 in finished lower level, 5 bedrooms and 3.1 baths. Listed by The Bouma Group
  • $585,900.  1447 Bicentennial Way. 3721 square feet with 4 bedrooms and 2.1 baths.
  • $499,900.  1228 Innsbrook Ct. 2854 square feet with 4 bedrooms and 2.1 baths.
  • $469,900.  1157 Bicentennial Pkwy. 2876 square feet with 4 bedrooms and 3 baths.
  • $469,700.  6095 Wilson Rd. 2625 square feet with 3 bedrooms and 2.1 baths.
  • $450,000.  6213 Wilson Rd. 2536 sq. ft., +1000 in finished lower level, 4 bedrooms and 2.1 baths.
  • $449,900.  6263 Wilson Rd. 2486 square feet with 4 bedrooms and 2.1 baths.

Continue reading

Castleton Farms, Dexter Real Estate Update

Castleton Farms Real Estate Update – April 2017Castleton Farms, Dexter MI Subdivision

There are currently 4 homes listed for sale at Castleton Farms subdivision, and so far this year 1 homes has sold.

Homes for Sale:

  • $513,000.  11370 Castleton Court, Dexter. 3135 square feet with 4 bedrooms and 3.1 baths. New Construction & Sale Pending
  • $503,498.  11475 Castleton Court, Dexter. 2987 square feet with 4 bedrooms and 3.1 baths. New Construction
  • $484,395.  11367 Castleton Court, Dexter. 3092 square feet with 4 bedrooms and 3.1 baths. New Construction & Sale Pending
  • $400,000.  11500 Castleton Court, Dexter. 2938 sq. ft., +666 in finished lower level, 5 bedrooms, 3.1 baths.

Sold Home:

  • $417,000.  11377 Castleton Court, Dexter. 2664 square feet with 5 bedrooms and 2.1 baths.

Last year at Castleton Farms, 1 home sold for $486,400 with an average price per square foot of $157.00. The home sold this year also has an A$SF of $157.00.  The newly constructed homes are a bit larger and selling for a higher amount than the previously built homes which will affect the values of this neighborhood when they sell. To keep up with what is going on here, be sure to check the neighborhood web page for Castleton Farms here. And for more information on home values, new listings and more for any Dexter subdivision, contact us at The Bouma Group, Realtors today at 734-761-3060 or email info@bouma.com.

The Uplands of Scio Ridge, Ann Arbor Market Update

The Uplands of Scio Ridge Market Update – March 2017The Uplands of Scio Ridge, Ann Arbor Subdivision

There is currently 1 home listed for sale at The Uplands of Scio Ridge and last year, 9 homes sold.

Home for Sale:

  • $575,000.  1748 Chicory Ridge, Ann Arbor. 3094 sq. ft., +1500 in finished lower level, 4 bedrooms and 4.1 baths. Sale Pending

Sold Homes:

  • $567,900.  3224 Bellflower Ct., Ann Arbor. 3065 sq. ft., +1716 in finished lower level, 5 bedrooms and 4 baths.
  • $514,000.  1714 Chicory Ridge, Ann Arbor. 2652 sq. ft., +1260 in finished lower level, 5 bedrooms and 3.1 baths.
  • $499,000.  1747 Chicory Ridge, Ann Arbor. 3194 square feet with 4 bedrooms and 2.1 baths.
  • $487,900.  1784 Chicory Ridge, Ann Arbor. 2754 sq. ft., +1300 in finished lower level, 5 bedrooms and 3.1 baths. Listed by The Bouma Group
  • $480,000.  3201 Rockcress Ct., Ann Arbor. 2885 sq. ft., +966 in finished lower level, 4 bedrooms and 3.1 baths.
  • $460,000.  1769 Cranberry Ct., Ann Arbor. 2724 sq. ft., +1100 in finished lower level, 4 bedrooms and 2.1 baths.
  • $436,400.  1908 Snowberry Ridge, Ann Arbor. 2603 sq. ft., +586 in finished lower level, 4 bedrooms and 2.1 baths.
  • $433,500.  1733 Chicory Ridge, Ann Arbor. 2826 sq. ft., +300 in finished lower level, 3 bedrooms and 3.1 baths.
  • $424,700.  1936 Hedgenettle Ct., Ann Arbor. 2304 square feet with 4 bedrooms and 2.1 baths.

Continue reading

Hickory Grove Estates, Ann Arbor Real Estate Update

Hickory Grove Estates Real Estate Report – March 2017Hickory Grove Estates, Ann Arbor Subdivision

There are currently 0 homes listed for sale at Hickory Grove Estates and last year, 2 homes sold.

Sold Homes:

  • $285,000.  5779 Glen Creek Court, Ann Arbor. 2152 square feet with 4 bedrooms and 2.1 baths.
  • $265,000.  3248 Potomac Court, Ann Arbor. 1639 square feet with 3 bedrooms and 2.1 baths.

3 homes sold in 2015 with an average sale price of $291,300 and an average price per square foot of $134.00.  The 2 homes sold last year have an ASP of $275,000, down 5%, and an A$SF of $147.00, up 10%. For more information on Hickory Grove Estates home values, new listings, and more, contact the real estate specialists with The Bouma Group today at 734-761-3060 or email info@bouma.com. View more Ann Arbor neighborhoods here!

Lake Forest Highlands, Ann Arbor Market Report

Lake Forest Highlands, Ann Arbor Market Report – March 2017Lake Forest Highlands Subdivision, Ann Arbor MI Neighborhood

There are currently 0 homes listed for sale at Lake Forest Highlands and last year, 8 homes sold.

Sold Homes:

  • $485,000.  3648 Highlander Way E., Ann Arbor. 2264 sq. ft., +700 in finished lower level, 3 bedrooms and 3.1 baths. Sold by The Bouma Group
  • $447,000.  3872 Steamboat Ct., Ann Arbor. 2380 sq. ft., +1200 in finished lower level, 4 bedrooms and 3.1 baths.
  • $440,000.  3941 Steamboat Ct., Ann Arbor. 2559 square feet with 4 bedrooms and 2.1 baths.
  • $438,500.  3943 Highlander Way E., Ann Arbor. 2315 sq. ft., +700 in finished lower level, 5 bedrooms and 2.1 baths.
  • $410,000.  2327 Sun Valley, Ann Arbor. 2350 sq. ft., +800 in finished lower level, 4 bedrooms and 2.2 baths.
  • $410,000.  3957 Highlander Way E., Ann Arbor. 2102 square feet with 4 bedrooms and 2.1 baths.
  • $401,000.  3920 Highlander Way W., Ann Arbor. 2112 sq. ft., +600 in finished lower level, 4 bedrooms and 2.1 baths.
  • $386,000.  2286 Sun Valley, Ann Arbor. 2123 sq. ft., +800 in finished lower level, 3 bedrooms and 2.1 baths.

In 2015, 5 homes sold with an average sale price of $403,500 and an average price per square foot of $168.00.  The 8 homes sold last year have an ASP of $427,188, up 6%, and an A$SF of $188.00, up 12%. Homes values at Lake Forest Highlands have continued to rise at a steady pace since the low in 2009/2010. To learn more about this Ann Arbor subdivision or to be immediately notified when a new property is listed, contact us at The Bouma Group, Realtors today at 734-761-3060 or email info@bouma.com.

York Woods, Saline Real Estate Report

York Woods Real Estate Report – March 2017York Woods Subdivision, Saline MI 48176

Set in a beautiful Saline neighborhood, York Woods offers custom homes on large country lots. There are currently 0 homes listed for sale and in 2016, 4 homes sold.

Sold Homes:

  • $600,000.  9730 Wood Bend Dr., Saline. 2996 sq. ft., +433 in finished lower level, 3 bedrooms and 2.1 baths.
  • $470,705.  9766 Wood Bend Dr., Saline. 2729 sq. ft., +1000 in finished lower level, 4 bedrooms and 3.1 baths.
  • $450,000.  9233 Whispering Pines, Saline. 2643 sq. ft., +1260 in finished lower level, 5 bedrooms and 2.1 baths.
  • $280,000.  9858 York Woods Dr., Saline. 1530 square feet with 3 bedrooms and 2 baths.

In 2015, 3 homes sold with an average sale price of $386,667 and an average price per square foot of $161.00.  The 4 sold last year have an ASP of $450,176, up 16%, and an A$SF of $182.00, up 13%. For more information on the homes at York Woods, or to receive instant notification of new listings, contact us at The Bouma Group, Realtors at 734-761-3060 or email info@bouma.com. Thinking of listing your Saline home? Find out what it’s worth in today’s real estate market!