Heatherwood Condos, Ann Arbor Real Estate Update

Ann Arbor Condo Market Update

Heatherwood Condos is a popular Ann Arbor complex of stacked ranch style units with garage parking and nice standard amenities. There is currently 1 condo listed for sale and so far this year 8 condos have sold. 11 condos have been rented with prices ranging between $950-$1375.

Condos for Sale:

• $125,000. 1376 square feet with 2 bedrooms and 2 baths. Under Contract

Sold Condos:

• $65,000. 1100 square feet with 2 bedrooms and 2 baths. Foreclosure
• $68,000. 1101 square feet with 2 bedrooms and 2 baths. Foreclosure
• $74,000. 1101 square feet with 2 bedrooms and 2 baths. Foreclosure
• $78,000. 1222 square feet with 2 bedrooms and 2 baths. Short Sale
• $80,000. 1101 square feet with 2 bedrooms and 2 baths. Foreclosure
• $83,500. 1101 square feet with 2 bedrooms and 2 baths.
• $86,000. 1376 square feet with 2 bedrooms and 2 baths. Foreclosure
• $120,000. 1376 square feet with 2 bedrooms and 2 baths.

Heatherwood Condos have been hit hard by foreclosures, which have greatly affected the sale prices. So far this year, the average sale price is $81,812 (down 21% from last year) and average price per square foot is $68.76 (down 18%). Compared to the high in 2006 of $159,718, the ASP is down 49% and $/SF is down 47% from $129.90. That is one reason so many Heatherwood condo owners have opted to rent their units. Be sure to check back at our Ann Arbor Real Estate blog for continual updates on condo prices at Heatherwood and the nearby Fox Pointe, Weatherstone, and Oak Meadows condo complexes. And, for instant listing and sold information on all Ann Arbor Condos, visit our Ann Arbor Condo Hotline here!