Ann Arbor Real Estate Report – September
2011
Lake Forest Highlands is a moderately sized Ann Arbor neighborhood located across from its sister neighborhoods, Lake Forest and The Pines of Lake Forest. There are currently 3 homes listed for sale, 1 for rent, and so far this year 3 homes have sold and 3 have been rented.
Homes Listed:
- $269,900. 1964 square feet with 3 bedrooms and 2.1 baths.
- $300,000. 2148 square feet with 4 bedrooms and 2.1 baths.
- $359,500. 2763 sf +1180 in the finished lower level, 4 bedrooms and 3.1 baths.
Home for Rent:
- $2100. 2148 square feet with 4 bedrooms and 2.1 baths.
Sold Homes:
- $259,000. 2005 square feet with 3 bedrooms and 2.1 baths.
- $310,000. 1858 sf +500 in finished lower level, 3 bedrooms and 2.1 baths.
- $370,000. 2288 sf +1100 in finished lower level, 4 bedrooms and 2.2 baths.
Homes Rented:
- $2300/month. 2264 sf +1000 in finished lower level, 3 bedrooms and 3.1 baths.
- $2500/month. 2559 sf +1363 in finished lower level, 4 bedrooms and 3.1 baths.
- $2500/month. 2570 square feet with 4 bedrooms and 2.1 baths.
Last year at Lake Forest Highlands, 8 homes sold with an average sale price of $286,562 and average price per square foot of $136.35. The 3 homes that have sold so far this year have an ASP of $313,000, up 9.2% from last year and an A$/SF of $152.58, up 12% from last year and up 24% when compared to a low of $122.79 in 2009. These are great signs that property values are beginning to rise here, especially with no foreclosures listed in the neighborhood. To learn more about Lake Forest Highlands, or the nearby Briar Hill, Hawthorne Ridge, or Stonebridge Estates subdivisions, contact the real estate experts at The Bouma Group today at 734-761-3060 or info@bouma.com. And for instant listing and sold info, visit the Ann Arbor Subdivision Hotline here!