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Briarcrest Condos, Ann Arbor Market Update

Market Update – May 2011Briarcrest Condos Ann Arbor

Briarcrest Condos is a collection of townhouse and apartment style units located in central Ann Arbor close to Briarwood Mall, Whole Foods Market, I-94, downtown Ann Arbor, shopping, and a variety of restaurants. There are currently 2 units for sale at Briarcrest with 1 under contract. 1 condo has sold and 3 have been rented out so far this year.

Condos for Sale:

  • $89,900. 983 square feet with 2 bedrooms and 2 baths.

Condos Under Contract:

  • $81,000. 983 square feet with 2 bedrooms and 2 baths.

Condos Sold:

  • $76,000. 983 square feet with 2 bedrooms and 2 baths.

Condos Rented:

  • $850/month. 983 square feet with 2 bedrooms and 2 baths.
  • $950/month. 983 square feet with 2 bedrooms and 2 baths.
  • $970/month. 1134 square feet with 2 bedrooms and 2.1 baths.

Last year at Briarcrest, 2 condominiums sold with an average sale price of $73,450 and average price per square foot of $76.72. Prices have significantly decreased over the past few years at Briarcrest; in 2007 the average price per square foot was $127.71 which is a decrease of 40%. With Ann Arbor condo prices at an all time low, this is the perfect time to purchase! If you’ve been thinking of buying or would like to know more about the great deals out there, contact us today at 734-761-3060 or info@bouma.com. And for instant active and sold information, visit the Ann Arbor Condo Hotline!

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