Real Estate Report – August 2011
Forest Creek Condos is a popular Ann Arbor community of townhome and ranch style units. Each condo has a private entrance and garage parking. There is currently 1 condo listed for rent and 2 units have rented out so far this year.
Condo for Rent:
- $1150/month. 968 square feet with 2 bedrooms and 1.1 baths. Listed by The Bouma Group
Condos Rented:
- $1050/month. 1012 square feet with 2 bedrooms and 2 baths.
- $1100/month. 968 square feet with 2 bedrooms and 1 bath.
Last year at Forest Creek, 4 condos sold with an average sale price of $86,000 and $85.73/square foot. 2 of those sales were foreclosures. Property values took a tumble at Forest Creek over the last few years, which is why so many condo owners are choosing to rent their units. Once the foreclosure wave has passed, we will begin to see values rebounding. With Ann Arbor condo values at an all-time low, this is the perfect time to purchase a new townhome for yourself or as an investment property. To learn more about Forest Creek, or the nearby Ann Arbor Condos: Alpine, Georgetown Commons, or Mallets Wood, contact The Bouma Group today at 734-761-3060 or info@bouma.com.