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Archives: June 10, 2021

Ann Arbor Real Estate Report – May 2021

Homes are Selling Quickly in Ann Arbor

In May, listings have decreased, sales have increased, and the average days on the market declined by 53.8% to only 12 day for Ann Arbor homes. 186 properties were listed this past month, which was a 20.2% difference from the 233 the prior May. Sellers will be pleased to know that there was a 134.5% increase in sold homes, from 55 to 129 recently. Moreover, the average sale price increased to $542,980 versus the ASP of $496,37 previously, a 9.5% rise. There are currently 153 active listings, which is a 64.7% decrease from last May.

The year-to-date statistics did not see any drastic changes. In fact, the amount of entered listings only increased marginally from 717 last year at this time to 723 now. A total of 497 homes have been sold so far this year compared to the 340 before, showing a 46.2% rise. Cumulatively, the ASP has come to $523,699, which is a 15.2% increase from the ASP of $454,780 earlier.

The Bouma Group has extensive knowledge on the Ann Arbor housing market, so reach out to us at (734)761-3060 or email info@bouma.com for any of your questions. Browse our current listings here!

Malletts Wood Condos, Ann Arbor Report

Malletts Wood Market Update – June 2021

This fresh and spacious Ann Arbor complex is a great choice for those seeking comfortable living at an affordable price. Another great feature of Malletts Woods is its nice landscaping. There is 1 active listing and so far this year, no condos have sold.

Condo for Sale:

  • $315,000. 3230 Cardinal Avenue, Ann Arbor. 1509 square feet with 3 bedrooms and 2.1 baths.

There haven’t been any sales at Malletts Wood since 2019 when 1 home was sold with a sale price of $280,000 and a price per square foot of $185.55. If the current listing sells at its asking price of $315,000, there would be a 12.5% increase from 2019, and the $/SF of $208.75 would also demonstrate a 12.5% rise. If you are thinking about listing or buying a condo at Malletts Wood, contact the condo experts with The Bouma Group at (734)761-3060 or email info@bouma.com. View more Ann Arbor condos here!

Wildwood Park, Ann Arbor Neighborhood Report

Wildwood Park Market Update – June 2021

Look no further than Wildwood Park for stunning and elegant homes. Fine details such as arched doorways, crown molding, fireplaces, and hardwood are common at this Ann Arbor neighborhood. There is 1 active listing and so far this year, 1 home has sold.

Home for Sale:

  • $724,500. 1200 Harbrooke Avenue, Ann Arbor. 2208 sq. ft., + 400 in the finished lower level; 4 bedrooms and 3.1 baths.

Home Sold in 2021:

  • $460,000. 315 Brierwood Street, Ann Arbor. 1334 sq. ft., + 302 in the finished lower level; 3 bedrooms and 2.0 baths.

Last year at Wildwood Park, 8 homes sold with an average sale price of $545,872 and an average price per square foot of $298.92. The 1 home sold thus far in 2021 has a SP of $460,000, down 15.7%, and a $/SF of $344.83, up 15.4; the different directions in percent change is likely due to varying square footage and because 2020 had an average whereas this year has only had a single sale. For more information about home values at Wildwood Park, contact the real estate specialists with The Bouma Group at (734)761-3060 or email info@bouma.com. Find more Ann Arbor homes here!