Arbor Pointe Real Estate Report – May 2014

Real Estate values at Arbor Pointe subdivision continue to recover and are up almost 30% from the low in 2008. There are currently 5 homes listed for sale and so far this year, 2 have sold.

Homes for Sale:

• $399,900.  5962 Cedar Ridge, Ann Arbor. 2723 sq. ft. +853 in finished lower level, 4 bedrooms, 3.1 baths. Sale Pending
• $399,800.  5994 Cedar Ridge, Ann Arbor. 2794 sq. ft. +1044 in finished lower level, 4 bedrooms, 2.1 baths. Sale Pending
• $395,000.  5974 Cedar Ridge, Ann Arbor. 2925 square feet with 4 bedrooms and 2.1 baths. Sale Pending
• $389,900.  5922 Cedar Ridge, Ann Arbor. 2567 sq. ft. +1000 in finished lower level, 4 bedrooms, 3.1 baths. Sale Pending – Listed by The Bouma Group
• $350,000.  5891 Rollingwood, Ann Arbor. 2436 square feet with 4 bedrooms and 2.1 baths.

Sold Homes:

• $339,900.  5951 Rollingwood, Ann Arbor. 2462 sq. ft. +525 in finished lower level, 4 bedrooms and 2.1 baths.
• $320,000.  167 Wild Ivy Court, Ann Arbor. 2023 sq. ft. +800 in finished lower level, 4 bedrooms, 3.1 baths.

Last year at Arbor Pointe, 14 homes sold with an average sale price of $326,629, up 10% over 2012, and average price per square foot of $132, also up 10% over 2012. So far this year, sale prices are trending upward which is a great sign for sellers. For more information on Arbor Pointe, contact us, the real estate specialists with The Bouma Group at 734-761-3060 or info@bouma.com. View more Ann Arbor Neighborhoods here!