Balmoral Park Condo Update – November 2015
Balmoral Park has seen significant gains in condo values since the real estate downturn in 2010. There are currently 2 units listed for sale, and so far this year 4 have sold.
Condos for Sale:
- $268,900. 241 W. Oakbrook, Ann Arbor. 1250 sq. ft., +200 in finished lower level, 3 bedrooms, 2.1 baths.
- $259,900. 215 W. Oakbrook, Ann Arbor. 1250 sq. ft., +100 in finished lower level, 2 bedrooms, 2 baths. Listed by The Bouma Group
Sold Condos:
- $280,000. 247 W. Oakbrook, Ann Arbor. 1495 sq. ft., +216 in finished lower level, 2 bedrooms, 2 baths.
- $271,000. 224 W. Oakbrook, Ann Arbor. 1250 sq. ft., +400 in finished lower level, 2 bedrooms, 2.1 baths.
- $259,900. 243 W. Oakbrook, Ann Arbor. 1470 sq. ft. +624 in finished lower level, 2 bedrooms, 2 baths.
- $222,500. 137 W. Oakbrook, Ann Arbor. 1250 sq. ft. +180 in finished lower level, 2 bedrooms, 2 baths.
Last year at Balmoral Park, 9 condos sold with an average sale price of $248,822 and average price per square foot of $173. The 4 that have sold this year have an ASP of $258,125, up 4%, and an A$SF of $258,125, up 10%. Compared with 2010, the ASP is up 40% and the A$SF is up 48%! If you are an owner at Balmoral Park, now is a great time to sell! For a more in-depth analysis of this complex, or a CMA for your condo, contact the Real Estate specialists with The Bouma Group at 734-761-3060 or email info@bouma.com today!