More Inventory but Less Sales for Ann Arbor Homes
Ann Arbor homes are starting off this new year strong with 67 homes being entered into the multiple listings service, this is an increase of 21% compared to the 55 last year. A total of 39 homes were sold, which is a significant 29% decrease compared to the 55 sold homes last January. Considering only the listings that were entered in January, not inclusive of those that have been on the market longer, 70% of the 67 homes were sold. Unfortunately for sellers, the average days on the market is 45, meaning that many homes entered last month have not yet sold; this is an 11.8% increase from 2017 though. Luckily for buyers, both listing and selling prices declined compared to the prior January. The average listing price dropped from $494,222 to $446,662, a 9.6% difference. There was less of a difference between the average selling price this year and last, $421,420 versus $450,822, only a 6.5% decline.
The Bouma group is here to help you with all of your housing needs, whether you are looking to buy or considering listing your home, contact the specialists at (734)761-3060 or email firstname.lastname@example.org. Stay tuned for consistently updated information about Ann Arbor homes and surrounding areas!
More Ann Arbor Homes Sold Than Listed in December to Finish Off the Year
Here is your final real estate report for 2018 for Ann Arbor homes! Both this past month’s prices and year-to-date prices have increased. Unfortunately, both the average sale and listing prices have increased on all fronts as well. Like November, 39 homes were sold this December, which is a 12.8% decrease compared to the 44 homes sold the prior December. There is minimal increase in the average listing price last month, from $451,784 to $452,492 now. A total of 57 homes have been sold in December, and although this is a 17.4% decrease from December 2017; it is good for sellers because more homes were sold than listed (in December) meaning that some homes that were entered into the multiple listings service before December were able to be sold. The average sale price is $436,533 versus $417,239 in December 2017, which is a 4.6% increase. Luckily for sellers, there has been a decrease in the average days on the market, from 56 to 45 days, a 19.6% difference. Continue reading
New Listings Entered for Ann Arbor Homes Plummet
This November, Ann Arbor residential has seen a major dive in the amount of new listings entered. Only 39 homes were entered into the multiple listings service, this is a extreme 49% decline compared to last November last year when 73 homes were entered. There has only been a minimal increase in listing prices, from $500,023 on average in November 2018 to $507,659 currently. Luckily for sellers, a total of 97 homes were sold this past month, in comparison to the 90 homes sold the prior November, which is a 7.8% increase. The average selling price is still below the average listing price at $430,073, but is 6% above last year’s ASP of $405,669. For the month of November, the average days on the market is 36, which is better than the 38 days last November.
So far this year, 1419 homes have been entered into the MLS, and this is a minor increase compared to the 1383 homes that had been listed at this time in 2017. The average listing price cumulatively is $488,694 currently, versus $474,190 last year, which is a 3% rise. There has only been a slight decline in the amount of sold homes thus far in comparison to the previous year, from 1057 to 1038 sold homes. Like ALP, the ASP has also increased; overall, homes sell for $438,210 and this is a difference of 3.6% compared to $423,024.
Perhaps this significant decline in homes is due to the upcoming holidays. Whether you are looking to buy or sell a home, don’t hesitate to contact the real estate specialists with The Bouma Group at (734)761-3060 or email email@example.com. Check back here for more up-to-date information on Ann Arbor homes!
Both Listing and Sale Prices Rise for Ann Arbor Homes
This October, Ann Arbor homes have seen an increase in prices for both month-year statistics and year-to-date statistics. Overall, there has not been a significant change in the amount of inventory listed and sold. Only 1 additional home has been listed this month compared to last October when 94 were listed. The average listing price has increased 9%, from $442,683 to $483,085 October 2018. 86 homes were sold this month, which is a difference of 1 less home compared to last year. Unfortunately for sellers, the average selling price is below the ALP and the average days on the market have increased by 35.7% to 38 days. On average, homes sell for $416,435, which is 7.9% higher than last October when the ASP was $385,933. Looking at year-to-date statistics, there has been more inventory entered into the MLS this year compared to last year at this time. A total of 1381 homes have been listed so far, compared to the 1312 that had been entered at this point last year. The average listing price thus far is $488,423 versus $472,988, which is a 3.5% increase. Since the beginning of 2018, 940 homes have been sold and this is slight decrease of 2.9% in comparison to the 968 homes sold by October in the previous year.
Whether you are looking to buy or sell a home, contact the real estate specialists with The Bouma Group at (734)761-3060 or email firstname.lastname@example.org. For more updated information about Ann Arbor homes, check back here!
Ann Arbor Homes See an Increase in Both Inventory and Listing Prices
There has been growth in inventory for Ann Arbor homes comparative to last year’s statistics. With listing prices rising, sale prices have too; however, sale prices are still below the asking. This September, 137 listings were entered into the multiple listings service, this is an increase of 15.5% compared to the 110 listings entered last September. The average listing price saw a rise of 8.9%, from $488,176 to $530,567 currently. Unfortunately, only 71 homes were sold in September, which is a 22.8% decline in comparison to the 923 homes sold the previous September. Sale prices have seen an increase of 6.9%, $408,967 versus $437,082 this month. Luckily for home buyers, the average days on the market has lowered slightly to 26 days, from 28 days last September. So far this year, more listings have been entered into the multiple listings services compared to this time last year; but there has been a decline in the amount of sold homes. A total of 1286 homes have been listed for sale thus far, which is an increase of 5.7% compared to the 1217 homes sold at this time last year. There has only been a small rise for the average listing price of homes, from $476,195 to $489,791 which is approximately 3%. Like the increase of ALP, average sale prices have experienced the same growth. The ASP is $441,322 thus far, versus $428,494 last year at this time.
For more information about Ann Arbor homes, contact the real estate specialists with The Bouma Group at (734)761-3060 or email email@example.com. Don’t forget to check back here for more about the market!
Prices Increase Overall but Homes Still Sell Below Asking Price
Both listing and selling prices are increased for Ann Arbor homes compared to last August, as well as compared to the year to date statistics. Luckily for buyers, homes are selling below the listing price. Only 1 more new listing was entered this August compared to the previous, totaling an entry of 134 homes. The average listing price this year was $481,072, which is an increase of 11.3% in comparison to the ALP of last August which was $432,104. For the amount of homes that are put on the market, a good portion of them are selling. Like the amount of listings entered, 1 more home sold compared to the prior August where only 128 homes sold. Another positive is that the average days on the market has decreased by 8%, from 24 days to 22 days now. The average sale price for August is $452,386, this is only a 3.2% increase compared to the ASP in August 2017 which was $438,370. Continue reading
Ann Arbor Hills Real Estate Report – September 2018
Home sale activity in Ann Arbor Hills is mimicking that of last year at this time with 37 home sales year-to-date. There are currently 13 homes listed for sale, 4 more than last year.
Homes for Sale:
- $1,500,000. 2320 Devonshire, Ann Arbor. 3974 sq. ft., +780 in finished lower level, 5 bedrooms and 3.2 baths.
- $1,250,000. 1832 Vinewood, Ann Arbor. 3500 square feet with 6 bedrooms and 5 baths.
- $1,070,000. 3080 Hunting Valley, Ann Arbor. 3016 square feet with 2099 in finished lower level, 4 bedrooms and 3.1 baths. Listed by The Bouma Group
- $999,999. 3116 Overidge, Ann Arbor. 4005 sq. ft., +2072 in finished lower level, 5 bedrooms and 4.1 baths.
- $950,000. 1116 Chestnut St. E., Ann Arbor. 2449 sq. ft., +580 in finished lower level, 2 bedrooms and 3 baths.
- $875,000. 1942 Cambridge, Ann Arbor. 2270 sq. ft., +616 in finished lower level, 4 bedrooms and 3 baths.
- $650,000. 1610 Kearney, Ann Arbor. 2592 sq. ft., +200 in finished lower level, 4 bedrooms and 2.1 baths.
- For a complete list, contact us at 734-761-3060 or firstname.lastname@example.org
Hollywood Park Real Estate Report – August 2018
Hollywood Park is a family friendly Ann Arbor neighborhood; the affordable homes come in a variety of layouts and styles. There are currently 4 homes listed for sale and so far this year, 7 have sold.
Homes for Sale:
- $357,900. 640 Duane Ct., Ann Arbor. 1560 sq. ft., + 208 in finished lower level, 3 bedrooms and 2.0 baths. Sale Pending
- $349,000. 1272 Kuehnle Ct., Ann Arbor. 1428 sq. ft., + 700 in finished lower level, 4 bedrooms and 1.1 baths. Sale Pending
- $319,900. 1106 Ravenwood St., Ann Arbor. 2180 square feet with 3 bedrooms and 1.1 baths. Sale Pending
- $317,500. 773 Center Dr., Ann Arbor. 1074 square feet with 3 bedrooms and 2.1 baths.
Kirkway of Scio Real Estate Report – August 2018
Kirkway of Scio is a recent Ann Arbor neighborhood in a tranquil setting; the homes look sophisticated especially with the tree lined streets. There are currently 2 homes listed for sale and so far this year, 1 has sold.
Homes for Sale:
- $469,900. 320 Sedgewood Ln., Ann Arbor. 2487 sq. ft., + 1037 in finished lower level, 5 bedrooms and 3.1 baths.
- $389,900. 360 Sedgewood Ln., Ann Arbor. 2375 square feet with 4 bedrooms and 2.1 baths.
- $369,900. 388 Sedgewood Ln., Ann Arbor. 2377 square feet with 4 bedrooms and 2.1 baths.
- $466,600. 308 Sedgewood Ln., Ann Arbor. 2697 sq. ft., + 1100 in finished lower level, 6 bedrooms and 3.1 baths.
Last year at Kirkway of Scio subdivision, 4 homes sold with an average sale price of $376,250 and an average price per square foot of $170.00. The 1 home sold this year have an ASP of $466,600, up a considerable 24%, and an A$/SF of $174.00, up slightly. To learn more about home values at Kirkway of Scio, contact the real estate experts with The Bouma Group at (734)761-3060 or email email@example.com. View more Ann Arbor neighborhoods here!
Increased Inventory for Ann Arbor Homes
Compared to last month and last July, inventory has increased for Ann Arbor homes. As well, average sale prices have also risen for both this month and so far this year. This July, 7% more listings have been entered compared to the prior July, 146 homes versus 136. The average listing price saw a minimal decline compared to last July, from $491,264 to $490,390. Compared to July 2017, there has been a 5.6% increase in the amount of homes sold this month from 124 units to 131. Although prices usually decrease with more available inventory, prices have actually risen for July. This month the average sale price is $443,944, which is an increase of 11.6% compared to the ASP of $397,721 in the previous year. Luckily for home sellers, the average days on the market has decreased to 21 days. So far this year, 1018 homes have been entered into the MLS; this is a 4.3% growth compared to the amount of listings entered at this time last year. Unfortunately, only 655 homes have sold this year which is a slight decrease compared to 2017 which had 663 units sold. The average sale price for homes sold thus far in 2018 is $438,859, this is a slight increase in comparison to the ASP of $428,564 last year. It is still a seller’s market for Ann Arbor single family homes, with a month supply of 4.3. Homes priced from $500k to $800k are considered to be a balanced market. Like always, higher end homes, those above $800k, are a part of a buyer’s market. Continue reading