Skip to main content

Archives: May 12, 2021

Ann Arbor Real Estate Report – April 2021

Ann Arbor Homes Experience an Influx of New Inventory

How to rent out an apartment: all the useful information for landlords |  General

The Spring season brought many new listings with it this April, there were 172 Ann Arbor homes added to the market, which is a substantial 126.3% increase from the 76 entered last April. Even with more inventory, sellers will be pleased to know that the average days on the market declined by 30%, at only 21 days recently. In comparison to the 83 homes sold the April prior, a total of 121 properties were sold this past month demonstrating a 45.8% rise. The average sale price was a significant 41.4% higher at $605,381 versus the $428,015 ASP before.

As for the year-to-date statistics, there was an overall increase from last year. At this time last year, 484 homes had been listed, but this year there was an 11% increase as 537 properties have been put up for sale. Moreover, there were 512 sold properties, which is a considerable 63.1% rise from the 314 previously. Sale prices experienced a 16% increase from $446,818 to $518,187 currently.

If you have more inquiries about the Ann Arbor housing market, don’t hesitate to reach out to the real estate experts with The Bouma Group at (734)761-3060 or email info@bouma.com. View our active listings here!

Thornton Farms, Dexter Neighborhood Report

Thornton Farms Market Update – May 2021

This Dexter subdivision is perfect for young families because amazing schools are nearby and there’s a plethora of space for outdoor activities. Thornton Farms is affordable yet also has modern and customized aspects so that you can find your perfect fit. There is 1 active listing and so far this year, 5 homes have sold.

Home for Sale:

  • $299,900. 8126 Gingko Way, Dexter. 2240 square feet with 3 bedrooms and 2.1 baths.

Homes Sold in 2021:

  • $331,000. 8658 Magnolia Way, Dexter. 2320 square feet with 4 bedrooms and 2.1 baths.
  • $292,000. 8049 Beechwood Boulevard, Dexter. 1760 sq. ft., + 600 in the finished lower level; 3 bedrooms and 2.2 baths.
  • $280,000. 8649 Magnolia Way, Dexter. 1812 square feet with 3 bedrooms and 2.1 baths.
  • $272,000. 8051 Beechwood Boulevard, Dexter. 1380 sq. ft., + 1100 in the finished lower level; 5 bedrooms and 3.0 baths.
  • $269,900. 8420 Walnut Hill, Dexter. 1385 square feet with 3 bedrooms and 2.0 baths.

Last year at Thornton Farms, 31 homes sold with an average sale price of $292,980 and an average price per square foot of $156.96. The 5 homes sold thus far in 2021 have an ASP of $288,980, down minimally, and an A$/SF of $171.02, up 9%. To learn more about the housing market at Thornton Farms, contact the real estate experts with The Bouma Group at (734)761-3060 or email info@bouma.com. Find more Dexter homes here!