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Ann Arbor Woods – Market Update

Market Update – March 2011Ann Arbor Woods Neighborhood & Subdivision

There are currently 3 homes listed for sale in Ann Arbor Woods with 1 home under contract. No homes have sold in this Ann Arbor Neighborhood so far this year.

Homes for Sale:

  • Listed for $264,900, Tri-level with 1931 square feet, 4 bedrooms and 3 baths.
  • Listed for $265,000, Colonial with 2114 square feet +915 in finished lower level, 4 bedrooms, 2 baths.

Home Under Contract:

  • Listed for $110,000, Tri-level with 1636 square feet, 3 bedrooms, 2 baths. This is a short sale.

In 2010, the average sold price per square foot was $142.81, which was up 13% over 2009. Home listed for sale are still facing tough competition from short sale and foreclosure listings, as these are typically lower in price per square foot. While inventory is low in the Ann Arbor real estate market, homes still need to be in excellent condition in order to catch a buyer’s eye. To find out more about market conditions in a specific Ann Arbor area, contact The Bouma Group today at 734-761-3060 or today!

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