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Newport Hills, Ann Arbor Real Estate Update

Ann Arbor Real Estate Report – December 2011Newport Hills Subdivision, Ann Arbor MI

Newport Hills Subdivision, Ann Arbor is a prestigious neighborhood of sophisticated, custom homes. The beautiful, rolling setting and close proximity to downtown Ann Arbor make this a very desirable location. There are currently no homes for sale at Newport Hills, and so far this year 2 homes have sold.

Sold Homes:

  • $515,000. 3076 sq. ft. +1000 in finished lower level, 4 bedrooms and 3.1 baths.
  • $950,000. 3550 sq. ft. +1400 in finished lower level, 5 bedrooms and 4.1 baths.

Last year at Newport Hills, 5 homes sold with an average sale price of $581,511 and average price per square foot of $174.68. The ASP and A$/SF are both way up this year, but the home that sold for $950,000 came with an extra buildable lot, so that skews the data a bit. Having such a high sale does indicate that Ann Arbor home buyers are willing to purchase in higher price ranges. To learn more about Newport Hills, or the nearby Newport Creek, Walnut Ridge, or Riverwood subdivisions, contact The Bouma Group at 734-761-3060, we know Ann Arbor Real Estate!

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