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Archives: May 2021

5 Questions Sellers Keep Asking About 2021’s Hot Real Estate Market

Key Takeaways:

  • Today’s real estate market is heavily skewed towards sellers, making now the perfect time to list your home.
  • Many would-be sellers have questions about moving when the market is this hot—and we have the answers you need to get started.
  • If you’re considering selling your home soon, it’s crucial to work with a top local agent. Give us a call to see what we bring to the table!

The Top 5 Questions Every Seller Asks in Today’s Market

Whether you’re eager to list or are just thinking about selling, you’ve probably heard that the 2021 real estate market is one for the record books. Since last year’s swift economic recovery, home values just keep getting higher, and it’s not uncommon for listings to sell over asking price in just a few days. And according to the National Association of Realtors, the typical home is now selling for 14.1% more than last year.

Have a few reservations about listing your home right now? Here are the answers to some of the most common questions we hear from our sellers. Continue reading

Arbor Hills, Superior Twp Real Estate Report

Arbor Hills Market Update – May 2021

The premium homes at Arbor Hills are large and light filled. This Ann Arbor subdivision is also well situated near amenities. There is 1 active listing and so far this year, no homes have sold.

Home for Sale:

  • $949,900. 6739 Fleming Creek Drive, Superior Twp. 5432 sq. ft., + 2294 in the finished lower level; 5 bedrooms and 5.2 baths. Sale Pending

Last year at Arbor Hills, 2 homes sold with an average sale price of $836,250 and an average price per square foot of $147.10. In comparison to 2019 when 1 home sold with a SP of $1,000,000, there was a 16.4 decline to 2020, and the $/SF of $166.67 demonstrated an 11.7% decrease. If the current listing sells at its asking price of $949,900, there would be a 13.6% rise, and the $/SF of $174.87 would show a 18.9% increase. For more information about the homes at Arbor Hills, contact the real estate experts with The Bouma Group at (734)761-3060 or email info@bouma.com. Browse more Ann Arbor homes here!

Huron River Acres, Ann Arbor Neighborhood Report

Huron River Acres Market Update – May 2021

There is a variety of home styles at this Ann Arbor subdivision, as well as some renovated places. Huron River Acres also has mature trees scattered throughout and natural areas close by. There are no active listings and so far this year, 1 home has sold.

Home Sold in 2021:

  • $553,000. 2780 Lowell Road, Ann Arbor. 2496 sq. ft., + 859 in the finished lower level; 3 bedrooms and 3.1 baths.

Last year at Huron River Acres, 2 homes sold with an average sale price of $714,000 and an average price per square foot of $187.05. The 1 home sold thus far in 2021 has a SP of $553,000, down 22.5%, and a $/SF of $221.55, up 18.4%. To learn more about home values at Huron River Acres, contact the real estate experts with The Bouma Group at (734)761-3060 or email info@bouma.com. View more Ann Arbor homes here!

Forest Creek Condos, Ann Arbor Report

Forest Creek Market Update – May 2021

An attractive part of living at Forest Creek is having no neighbors above or below you, and having a private entrance. This Ann Arbor condominium also backs onto trees for ample privacy. There is 2 active listings and so far this year, 3 condos have sold.

Condos for Sale:

  • $220,000. 3036 Forest Creek Court, Ann Arbor. 968 sq. ft., + 484 in the finished lower level; 2 bedrooms and 1.1 baths. Sale Pending
  • $215,000. 3048 Forest Creek Court, Ann Arbor. 1012 square feet with 2 bedrooms and 1.0 baths.

Condos Sold in 2021:

  • $215,000. 3037 Forest Creek Court, Ann Arbor. 1074 square feet with 2 bedrooms and 2.0 baths.
  • $195,000. 3014 Forest Creek Court, Ann Arbor. 1168 square feet with 2 bedrooms and 1.1 baths.
  • $189,000. 3056 Forest Creek Court, Ann Arbor. 968 sq. ft., + 324 in the finished lower level; 2 bedrooms and 1.1 baths.

Last year at Forest Creek, 6 condos sold with an average sale price of $189,000 and an average price per square foot of $192.38. The 3 condos sold thus far in 2021 have an ASP of $199,667, up 5.6%, and an A$/SF of $187.46, down slightly. For more information about the condos at Forest Creek, contact the condo specialists with The Bouma Group at (734)761-3060 or email info@bouma.com. Discover more Ann Arbor condos here!

Briar Hill, Ann Arbor Neighborhood Report

Briar Hill Market Update – May 2021

Briar Hill has premium features in its homes, some of these include: grand entrances, fireplaces, and upscale and sturdy exteriors. At this Ann Arbor neighborhood, there are also sports courts, walking trails, a pond, and a park. There are no active listings and so far this year, 4 homes have been sold. The Bouma Group was the listing agent for 1 of the sold properties.

Homes Sold in 2021:

  • $590,000. 3859 Lake Pointe Lane, Ann Arbor. 3151 sq. ft., + 1500 in the finished lower level; 5 bedrooms and 4.1 baths.
  • $583,250. 3872 Lake Pointe Lane, Ann Arbor. 2810 sq. ft., + 1000 in the finished lower level; 6 bedrooms and 4.0 baths. Listed by The Bouma Group
  • $535,000. 1717 Foxdale Lane, Ann Arbor. 3212 square feet with 4 bedrooms and 2.1 baths.
  • $484,000. 3696 Knollwood Circle, Ann Arbor. 2800 square feet with 4 bedrooms and 2.1 baths.

Last year at Briar Hill, 5 homes sold with an average sale price of $518,563 and an average price per square foot of $205.45. The 4 homes sold thus far in 2021 have an ASP of $548,063, up 5.7%, and an A$/SF of $183.56, down 10.7%. For more information about the homes at Briar Hill, contact the real estate experts with The Bouma Group at (734)761-3060 or email info@bouma.com. Browse more Ann Arbor homes here!

Torwood, Saline Neighborhood Report

Torwood Market Report – May 2021

Homes at Torwood are above a standard grade. As well, this Saline subdivision was well thought out with natural areas preserved throughout. There is 1 active listing and so far this year, 2 homes have sold.

Home for Sale:

  • $499,000. 718 Pembroke Drive, Saline. 2764 sq. ft., + 1000 in the finished lower level; 4 bedrooms and 2.2 baths. Sale Pending

Homes Sold in 2021:

  • $490,000. 354 Pembroke Drive, Saline. 2412 square feet with 3 bedrooms and 2.1 baths.
  • $475,000. 638 Bannock Court, Saline. 2000 sq. ft., + 1000 in the finished lower level; 3 bedrooms and 3.1 baths.

Last year at Torwood, 9 homes sold with an average sale price of $424,278 and an average price per square foot of $170.84. The 2 homes sold thus far in 2021 have an ASP of $482,000, up 13.6%, and an A$/SF of $220.33, up 29%. If you are considering listing or buying a home at Torwood, contact the real estate specialists with The Bouma Group at (734)761-3060 or email info@bouma.com. Find more Saline homes here!

Nature Cove Condo, Ann Arbor Report

Nature Cove Market Update – May 2021

Not only does Nature Cove offer a lovely place of retreat surrounded by trees, but it is also easily accessible. Another great feature of this Ann Arbor complex is it’s parking spots. There are 3 active listings and so far this year, no condos have sold.

Condos for Sale:

  • $435,000. Unit #304, 2115 Nature Cove Court, Ann Arbor. 1458 square feet with 2 bedrooms and 2.0 baths.
  • $315,000. Unit #103, 2115 Nature Cove Court, Ann Arbor. 1656 square feet with 2 bedrooms and 2.0 baths.
  • $315,000. Unit #210, 2115 Nature Cove Court, Ann Arbor. 1576 square feet with 2 bedrooms and 2.0 baths. Sale Pending

Last year at Nature Cove, 6 condos sold with an average sale price of $305,250 and an average price per square foot of $187.45. In comparison to 2019, the ASP in 2020 declined 4% from $318,000 and the A$/SF decreased minimally. If the 3 current listings sell at their averaged asking price of $355,000, it would be a 16.3% rise from 2020, and the A$/SF of $229.48 would show a 22.4% increase. To learn more about condos at Nature Cove, contact the condo experts with The Bouma Group at (734)761-3060 or email info@bouma.com. Browse more Ann Arbor condos here!

Georgetown, Ann Arbor Neighborhood Report

Georgetown Market Update – May 2021

For a developed Ann Arbor subdivision, look no further than Georgetown. Some of the homes have been remodeled; and the on-site amenities such as the golf course, swimming pool, and tennis courts remain. There are 2 active listings and so far this year, 8 homes have been sold.

Homes for Sale:

  • $439,000. 3361 Tacoma Circle, Ann Arbor. 2383 sq. ft., + 820 in the finished lower level; 4 bedrooms and 2.1 baths.
  • $399,900. 2917 Ward Court, Ann Arbor. 2332 square feet with 5 bedrooms and 3.0 baths. Sale Pending

York Place, Saline Neighborhood Report

York Place Market Update – May 2021

This Saline subdivision has spacious homes that are over 2000 square feet, with additional 2-3 car garages. The homes at York Place also all have a minimum of 4 bedrooms and completed basements. There are no active listings and so far this year, 2 homes have sold.

Homes Sold in 2021:

  • $550,000. 393 Freemantle Court, Saline. 2800 sq. ft., + 1095 in the finished lower level; 4 bedrooms and 3.1 baths.
  • $516,000. 596 Darwin Court, Saline. 3106 sq. ft., + 1000 in the finished lower level; 5 bedrooms and 2.2 baths.

Last year at York Place, 4 homes sold with an average sale price of $466,250 and an average price per square foot of $164.56. The 2 homes that have sold thus far in 2021 have an ASP of $533,000, up 14.3%, and an $/SF of $181.13, up 10.1%. If you are interested in listing or buying a home at York Place, contact the real estate specialists with The Bouma Group at (734)761-3060 or email info@bouma.com. View more Saline homes here!

Chapel Hill Condo, Ann Arbor Report

Chapel Hill Market Update – May 2021

The condos at Chapel Hill are a great deal for buyers because of their many amenities on site as well as nearby. This Ann Arbor condo has a pool, exercise room, and parks within the complex; plus there are retail stores down the road. There are 2 active listings and so far this year, 8 condos have sold. The Bouma Group was involved in 1 of the sales.

Condos for Sale:

  • $257,000. 3458 Burbank Drive, Ann Arbor. 1280 sq. ft., + 550 in the finished lower level; 3 bedrooms and 2.1 baths. Sale Pending
  • $215,000. 3344 Burbank Drive, Ann Arbor. 1280 square feet with 2 bedrooms and 1.2 baths. Sale Pending