Tag Archives: market update

Saline Real Estate Market Update – 3rd Quarter 2017

Saline Home Sale Prices Up 7%

Saline Real Estate Statistics for 3rd Quarter

The Saline Real Estate market finishes off the third quarter in a slight seller’s market with a 4.7 month supply of homes available for sale. This is especially evident in the under $500,000 range with all price points in a seller’s market. This changes over $500,000 with a large amount of homes for sale in each category with a high month supply. Year-to-date, fewer homes have been listed and sold which is driving the average sale price up. At the end of September, 346 homes were listed, compared with 404 the same time last year. 257 homes have sold compared with 278 and the average Saline home sale price has increased 7%, going from $367,348 in 2016 to $394,763.

For sellers, this is a great time to get your home listed for sale! Inventory is low and sale prices keep rising. Want to know what your home is worth? Contact us at The Bouma Group, Realtors at 734-761-3060 or email info@bouma.com and find out! See what is happening in your particular Saline neighborhood or search for homes here!

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The Preserve of Dexter Real Estate Update

The Preserve of Dexter Update – October 2017The Preserve of Dexter, Dexter MI Subdivision

Located in beautiful Scio Township, The Preserve of Dexter is home to custom luxury residences. There are currently 0 homes listed for sale and so far this year, 2 have sold.

Sold Homes:

  • $860,000.  3978 Glacier Lake Ct., Dexter. 3652 square feet with 4 bedrooms and 3.1 baths.
  • $639,000.  4497 Lake Vista Dr., Dexter. 2787 sq. ft., +1200 in finished lower level, 4 bedrooms and 3.1 baths.

Last year at The Preserve of Dexter, 2 homes sold with an average sale price of $729,950 and an average price per square foot of $263.00.  The 2 homes sold this year have an ASP of $749,500, up 3%, and an A$/SF of $232.00, down 12%. To learn more about this upscale Dexter neighborhood, contact the real estate specialists with The Bouma Group at 734-761-3060. Search for more homes here!

Lake Forest, Ann Arbor Real Estate Update

Lake Forest Real Estate Update – October 2017Lake Forest Subdivision, Ann Arbor MI Neighborhood

Lake Forest is a beautiful subdivision of executive homes on the south side of Ann Arbor in Pittsfield Township. There are currently 7 homes listed for sale and so far this year, 2 have sold.

Homes for Sale:

  • $649,900.  4389 Westpark Ct., Ann Arbor. 3700 square feet with 4 bedrooms and 3.1 baths.
  • $620,000.  4193 W. Lake Forest Dr., Ann Arbor. 3469 sq. ft., +1224 in finished lower level, 3 bedrooms and 3.1 baths.
  • $589,900.  4475 E. Lake Forest Dr., Ann Arbor. 3636 sq. +1620 in finished lower level, 4 bedrooms and 4.1 baths.
  • $550,000.  4375 Lakeside Ct., Ann Arbor. 2158 sq. ft., +1135 in finished lower level, 5 bedrooms and 3 baths. Listed by The Bouma Group, Sale Pending
  • $549,900.  4362 Lakeside Ct., Ann Arbor. 2648 sq. ft., +1100 in finished lower level, 4 bedrooms and 3.1 baths. Sale Pending
  • $534,900.  4371 Lake Forest Dr., Ann Arbor. 3149 sq. ft., +1250 in finished lower level, 4 bedrooms and 2.1 baths. Sale Pending
  • $512,000.  1878 Orchardview, Ann Arbor. 2691 sq. ft., +1600 in finished lower level, 5 bedrooms and 3.1 baths.

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Wildwood Park Neighborhood, Ann Arbor Real Estate Report

Wildwood Park Real Estate Report – October 2017Wildwood Park Neighborhood, Ann Arbor MI Home in Subdivision

One of the most sought after downtown Ann Arbor neighborhoods, Wildwood Park offers beautiful retro homes in a mature, treed setting. There are currently 2 homes listed for sale and so far this year, 5 have sold.

Homes for Sale:

  • $599,000.  1208 Linwood Ave., Ann Arbor. 1748 square feet with 4 bedrooms and 2 baths. Sale Pending
  • $359,900.  406 N. Revena, Ann Arbor. 1616 square feet with 3 bedrooms and 3 baths. Listed by The Bouma Group, Sale Pending

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East Horizons, Saline Real Estate Report

East Horizons Real Estate Report – September 2017East Horizons Subdivision, Ann Arbor MI with Saline Schools

East Horizons subdivision has seen a dramatic increase in home values over the past few years. There are currently 0 homes listed for sale and so far this year, 1 has sold.

Sold Home:

  • $573,200.  5887 Creekview Ct.  3280 sq. ft., +1200 in finished lower level, 5 bedrooms and 3.1 baths.

Last year, 2 homes sold with an average sale price of $457,500 and an average price per square foot of $195.00. The home sold this year has a much higher ASP, $573,200, however, the A$/SF was $175.00, down 10%.  To keep up-to-date with current listings, market statistics and more, visit the East Horizons subdivision page and be sure to check our blog regularly for more real estate information. If you’re thinking of selling your home, find out what it’s worth by contacting us at The Bouma Group, Realtors at 734-761-3060 or email info@bouma.com. We’ve been the market leaders for over 30 years! View more Saline neighborhoods here.

Ann Arbor Real Estate Market Update – August 2017

Positive Increases for Ann Arbor Real Estate

Ann Arbor Real Estate Statistics for August 2017
The Ann Arbor Real Estate market has experienced a lot of positive increases. For the month of August, the average sale price of homes rose 13% to $438,370 from $388,986 last August. Year-to-date, we’ve seen an increase in the number of new listing entered, 1106 vs. 1087 this time last year. The total number of sales dropped to 790 from 846, but the average sale price increased about 9%, going from $396,614 to $430,483. The overall average days on the market decreased from 33 to 29. Ann Arbor remains in a seller’s market with a 3.9 month supply of homes available for sale.

If we start to see an increase in inventory, the market could shift into a more balanced market. Right now, demand is outweighing supply and that is driving the prices upward. Thinking of selling? For a full market analysis of your home, contact the Ann Arbor Realtors at The Bouma Group today at 734-761-3060 or info@bouma.com. We are continually tracking pricing trends by neighborhood, price range, schools and more and have the marketing expertise to get your home sold quickly!

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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.

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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!