Ann Arbor Condo Real Estate Report – October 2011
Independence Condos, Ann Arbor have a great central location and offer affordable living with nice amenities. There are currently 3 condos listed for sale with 1 under contract, and so far this year 4 condos have sold and 4 have been rented.
Condos Listed:
- $49,900. 705 square feet with 1 bedroom and 1 bath. Foreclosure
- $49,900. 716 square feet with 1 bedroom and 1 bath.
- $65,000. 896 square feet with 2 bedrooms and 1 bath. Listed by The Bouma Group
Condos Sold:
- $42,000. 896 square feet with 2 bedrooms and 1 bath. Foreclosure
- $48,000. 705 square feet with 1 bedroom and 1 bath.
- $53,000. 896 square feet with 2 bedrooms and 1 bath.
- $84,900. 938 square feet with 2 bedrooms and 1 bath.
Condos Rented:
- $800/month. 896 square feet with 2 bedrooms and 1 bath. Listed by The Bouma Group
- $975/month. 896 square feet with 2 bedrooms and 1 bath. Listed & Rented by The Bouma Group
- $995/month. 1079 square feet with 2 bedrooms and 2 baths.
Last year at Independence, only 1 condo sold with a sale price of $80,000 and average price per square foot of $85.29. The sales this year have an ASP of $56,975 (down 29%) and A$/SF of $66.16 (down 22%). Once the foreclosures cycle through, we will most likely see sale prices begin to rise. The Bouma Group has sold many Independence Condos throughout the years and knows the price trends here very well. To find out more about these Ann Arbor condos, or the nearby Pattengill, Woods of Ann Arbor, or Landmark Pine condos, give us a call at 734-761-3060 or info@bouma.com. And for instant listing and sold data, be sure to visit our Ann Arbor Condo Hotline!