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Archives: May 27, 2021

Riverwood, Ann Arbor Neighborhood Report

Riverwood Market Update – May 2021

Set among a tranquil and natural setting, this Ann Arbor subdivision is great for those looking for calm retreat. The easy-going lifestyle is continued at Riverwood as schools are also within walking distance for children. There are no active listings and so far this year, 4 homes have sold.

Homes Sold in 2021:

  • $609,000. 2130 Springwood Court, Ann Arbor. 2464 sq. ft., + 1200 in the finished lower level; 4 bedrooms and 3.1 baths.
  • $585,000. 1700 Timber Trail, Ann Arbor. 2525 sq. ft., + 800 in the finished lower level; 4 bedrooms and 2.1 baths.
  • $529,000. 1780 Riverwood Drive, Ann Arbor. 2760 sq. ft., + 1300 in the finished lower level; 4 bedrooms and 3.1 baths.
  • $520,000. 1880 Timber Trail, Ann Arbor. 2673 square feet with 4 bedrooms and 2.1 baths.

Last year at Riverwood, 4 homes sold with an average sale price of $505,00 and an average price per square foot of $191.94. The 4 homes sold thus far in 2021 have an ASP of $560,750, up 11%, and an A$/SF of $216.26, up 12.7%. To learn more about homes at Riverwood, contact the real estate experts with The Bouma Group at (734)761-3060 or email info@bouma.com. Find more Ann Arbor homes here!

Sloan Plaza Condo, Ann Arbor Report

Sloan Plaza Market Update – May 2021

Sloan Plaza is an impressive building located right in the downtown. This Ann Arbor condominium also includes premium features within like covered parking and a doorperson to greet you. There are 3 active listings and so far this year, no condos have sold.

Condos for Sale:

  • $1,325,000. Unit #201, 505 East Huron Street, Ann Arbor. 2095 square feet with 2 bedrooms and 2.0 baths.
  • $850,000. Unit #307, 505 East Huron Street, Ann Arbor. 1673 square feet with 2 bedrooms and 2.0 baths.
  • $650,000. Unit #504, 505 East Huron Street, Ann Arbor. 1373 square feet with 2 bedrooms and 2.0 baths.

Last year at Sloan Plaza, 2 condos sold with an average sale price of $627,500 and an average price per square foot of $419.60. In comparison to the sales in 2019 there was a 14.2% increase in the ASP from $549,700, and a 12.5% rise in the A$/SF from $372.98. If the 3 current listings sell at their average asking price of $941,667, there would a significant 50.1% increase from 2020, and the A$/SF of $537.98 would demonstrate a 28.2% rise from 2020. For more information about condo values at Sloan Plaza, contact the real estate specialists with The Bouma Group at (734)761-3060 or email info@bouma.com. Find more Ann Arbor condos here!