Tag Archives: Real Estate Update

Hawthorne Ridge, Ann Arbor Market Report

Hawthorne Ridge Real Estate Report – April 2017Hawthorne Ridge Subdivision, Ann Arbor MI

There is currently 1 home listed for sale at Hawthorne Ridge. No homes have sold this year, nor last year. In 2015, 4 homes sold.

Home for Sale:

  • $469,900.  3264 Honeysuckle Drive, Ann Arbor. 2566 sq. ft., +1000 in finished lower level, 4 bedrooms and 3.1 baths.

Sold Homes:

  • $410,000.  3010 Honeysuckle Drive, Ann Arbor. 2682 square feet with 4 bedrooms and 2.1 baths.
  • $398,750.  2360 Dahlia Court, Ann Arbor. 2474 square feet with 4 bedrooms and 2.1 baths.
  • $394,900.  3275 Honeysuckle Drive, Ann Arbor. 2556 sq. ft., +900 in finished lower level, 4 bedrooms and 2.1 baths.
  • $374,000.  3406 Tiger Lily Drive, Ann Arbor. 2308 sq. ft., +800 in finished lower level, 4 bedrooms and 2.1 baths.

In 2014, 3 homes sold with an average sale price of $363,167 and an average price per square foot of $158.00.  The 4 homes sold in 2015 have an ASP of $394,412, up 8.5%, and an A$SF of $158, exactly the same. We should see at least 1 sale in 2017 since there is a home currently listed for sale. We will continue to keep you updated on new listings and sales at Hawthorne Ridge, so check back often! If you would like to learn more about this Ann Arbor neighborhood or to receive instant notification of new listings, contact us at The Bouma Group, Realtors at 734-761-3060 or email info@bouma.com.

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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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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!

 

 

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!

Country French Estates, Ann Arbor Market Report

Ann Arbor Real Estate Report – December 2016Country French Estates, Ann Arbor MI 48103

Located on the west side, this Ann Arbor subdivision has seen an uptick in recent sales. There are currently 2 homes listed for sale at Country French Estates and so far this year, 19 have sold.

Homes for Sale:

  • $380,000.  5721 LeBlanc, Ann Arbor. 1971 sq., +900 in finished lower level, 4 bedroom and 3.1 baths. Sale Pending
  • $368,000.  6168 Gabrielle, Ann Arbor. 2705 square feet with 3 bedrooms and 2.1 baths. Sale Pending

Sold Homes:

  • $395,000.  5815 Villa France, Ann Arbor. 2305 square feet 4 bedrooms and 2.1 baths.
  • $393,500.  5693 Villa France, Ann Arbor. 2299 sq. ft., +900 in finished lower level, 4 bedrooms and 2.1 baths.
  • $390,000.  5800 Quebec, Ann Arbor. 2002 sq. ft., +1064 in finished lower level, 3 bedrooms and 3.1 baths.
  • $383,000.  5608 Versailles, Ann Arbor. 2858 square feet with 4 bedrooms and 2.1 baths. Sold by The Bouma Group
  • $370,000.  5644 Leblanc, Ann Arbor. 2077 sq. ft., +900 in finished lower level, 4 bedrooms and 2.1 baths.
  • $367,000.  5645 Villa France, Ann Arbor. 1754 sq. ft., +900 in finished lower level, 4 bedrooms and 4 baths.
  • $324,900.  5692 Versailles, Ann Arbor. 1741 sq. ft., +800 in finished lower level, 3 bedrooms and 2.1 baths.
    • For a complete list of sold homes, contact us at 734-761-3060 or email info@bouma.com

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Boulder Ridge, Ann Arbor Real Estate Update

Ann Arbor Real Estate Update – November 2016Boulder Ridge Subdivision, Ann Arbor MI 48103

It has been a busy year at Boulder Ridge subdivision for real estate. There are currently 2 homes listed for sale and so far this year, 7 have sold.

Homes for Sale:

  • $389,000.  2812 Aspen Drive, Ann Arbor. 2329 sq. ft., +900 in finished lower level, 4 bedrooms and 3.1 baths. Sale Pending
  • $349,000.  2858 Aspen Drive, Ann Arbor. 1834 square feet with 3 bedrooms and 2.1 baths. Sale Pending

Sold Homes:

  • $375,000.  2225 Green Valley Ct., Ann Arbor. 2245 square feet with 4 bedrooms and 2.1 baths.
  • $350,000.  2926 Green Valley, Ann Arbor. 1826 sq. ft., +800 in finished lower level, 3 bedrooms and 2.1 baths.
  • $346,000.  2837 Silver Springs, Ann Arbor. 1811 sq. ft., +666 in finished lower level, 3 bedrooms and 3.1 baths.

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Walden Village, Ann Arbor Condo Market Report

Ann Arbor Condo Report – November 2016Walden Village Condos, Ann Arbor MI 48103

Located on the west side of Ann Arbor, off of Pauline Blvd., Walden Village is a small collection of ranch and townhouse style condominiums. There are currently 0 units listed for sale and so far this year, 3 have sold.

Sold Condos:

  • $215,000.  2015 Pauline Court, Ann Arbor. 1368 sq. ft., +350 in finished lower level, 2 bedrooms and 1.1 baths.
  • $188,000.  2057 Pauline Court, Ann Arbor. 1672 sq. ft., +700 in finished lower level, 3 bedrooms and 2.2 baths.
  • $163,000.  2105 Pauline Court, Ann Arbor. 1672 square feet with 3 bedrooms and 2.1 baths.

Last year at Walden Village, 4 units sold with an average sale price of $187,688 and average price per square foot of $119.00. The 3 units sold this year have an ASP of $187,688 and an A$SF of $122.00, both up slightly. To learn more about Walden Village, contact us, the real estate specialists with The Bouma Group at 734-761-3060 or email info@bouma.com. Start your Ann Arbor Condo search here!

Saline Real Estate Market Report – 3rd Quarter

Steady Saline Home Sales

Saline Real Estate Market Statistics for the Third Quarter 2016
Saline home sales remain nearly unchanged from the end of the quarter last year with 279 homes sold YTD in 2015 and 278 homes sold YTD  in 2016. The average sale price has dipped, with it at $378,922 last year and $367,348 this year, however the average days on market has dropped from 60 to 52. Home inventory is less, as it is in all Washtenaw County areas, with 404 homes listed compared with 421 last year. Saline real estate is in a balanced market with a 5.2 month supply of homes listed for sale.

To find out more about Saline home values, contact the real estate specialists at The Bouma Group today at 734-761-3060 or info@bouma.com. We track every aspect of real estate, including price points, neighborhoods, condos, specific schools and more. To keep up to date with the latest news, subscribe to our Washtenaw County real estate blog here!

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Berkshire Creek, Ann Arbor Condo Market Report

Ann Arbor Condo Report – October 2016Berkshire Creek Condos, Ann Arbor MI Condo Complex

Condo values at Berkshire Creek are steadily rising as the market is in full recovery. There is currently 1 unit listed for sale, and so far this year 3 have sold.

Condo for Sale:

  • $335,000.  3134 Asher Rd., Ann Arbor. 2172 square feet with 3 bedrooms and 2.1 baths. Listed by The Bouma Group

Sold Condos:

  • $345,000.  3137 Asher Rd., Ann Arbor. 2172 square feet with 2 bedrooms and 2.1 baths.
  • $330,000.  3125 Asher Rd., Ann Arbor. 2172 square feet with 3 bedrooms and 2.1 baths.
  • $295,000.  3177 Asher Rd., Ann Arbor. 1704 square feet with 2 bedrooms and 2.1 baths. Sold by The Bouma Group

Last year at Berkshire Creek, 6 condos sold with an average sale price of $305,500 and average price per square foot of $159.00. The 3 units that have sold this year have an ASP of $323,333, up 6%, and an A$SF of $161.00, up just slightly. To learn more about this Ann Arbor Condo complex, contact the real estate specialists with The Bouma Group today at 734-761-3060 or email info@bouma.com.