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Warner Creek, Saline Neighborhood Report

Warner Creek Market Update – May 2021

Warner Creek has a park, mature trees, and many cul-de-sacs. This simple Saline subdivision has everything you need, which is why it is a popular choice for families. There are 5 active listings on the market and so far this year, 2 homes have sold.

Homes for Sale:

  • $400,000. 6460 Robison Lane, Saline. 2130 sq. ft., + 900 in the finished lower level; 4 bedrooms and 3.1 baths. Sale Pending
  • $350,000. 1208 Cody Circle, Saline. 1723 square feet with 3 bedrooms and 2.1 baths. Sale Pending
  • $330,000. 1119 Cutler Circle, Saline. 1872 sq. ft., + 286 in the finished lower level; 4 bedrooms and 2.1 baths.
  • $324,900. 6411 Sauk Trail, Saline. 1832 square feet with 4 bedrooms and 3.0 baths. Sale Pending
  • $320,000. 6743 Robison Lane, Saline. 1300 sq. ft., + 1000 in the finished lower level; 3 bedrooms and 2.1 baths. Sale Pending

Homes Sold in 2021:

  • $400,000. 6540 Robison Lane, Saline. 2323 sq. ft., +950 in the finished lower level; 4 bedrooms and 3.1 baths.
  • $350,000. 1202 Cody Circle, Saline. 2232 sq. ft., + 1000 in the finished lower level; 3 bedrooms and 3.1 baths.

Last year at Warner Creek, 14 homes sold with an average sale price of $308,539 and an average price per square feet with $167.90. The 2 homes that have been sold thus far in 2021 have an ASP $375,000, up 21.5%, and an A$/SF of $164.50, down minimally. If you are interesting in listing or buying a home at Warner Creek, contact the real estate specialists with The Bouma Group at (734)761-3060 or email info@bouma.com. Find more Saline homes here!

Brookview Highlands, Saline Neighborhood Report

Brookview Highlands Market Update – May 2021

As a prestigious Saline subdivision, all of the homes at Brookview Highlands are built to the highest caliber. There are a multitude of different home styles, but each are on a 1+ acre piece of property. There is 1 active listing on the market and so far this year, 1 home has sold.

Home for Sale:

  • $815,000. 1730 Fairview Court, Saline. 3727 sq. ft., + 2016 in the finished lower level; 5 bedrooms and 4.2 baths. Sale Pending

Home Sold in 2021:

  • $525,000. 354 Crestway Court, Saline. 2809 sq. ft., + 1200 in the finished lower level; 5 bedrooms and 3.1 baths.

Last year at Brookview Highlands, 8 homes sold with an average sale price of $672,938 and an average price per square foot of $181.25. The 1 home that has sold thus far in 2021 has a SP of $525,000, down 22%, and a $/SF of $186.90, up 3.1%. For more information about homes at Brookview Highlands, contact the real estate experts with The Bouma Group at (734)761-3060 or email info@bouma.com. Find more Saline homes here!

Tanglewood, Ann Arbor Neighborhood Report

Tanglewood Market Update – May 2021

This unique Ann Arbor neighborhood is a collection of custom built homes on well-sized lots. While Tanglewood is calm and tucked away, it also is only a short drive to nearby shops and major roadways. There is 1 active listing on the market and so far this year, none have sold.

Home for Sale:

  • $669,900. 5537 Tanglewood Drive, Ann Arbor. 3494 sq. ft., + 1216 in the finished lower level; 5 bedrooms and 2.1 baths. Sale Pending

Last year at Tanglewood, 1 home sold with a sale price of $635,000 and a price per square foot of $185.24. In comparison to the 5 homes in 2019, their average SP was $718,800, a difference of 11.8%, and their average $/SF was $212.95, a difference of 13%. If the current listing sells at its asking price of $669,900, there would be a 5.5% increase from 2020, and the $/SF of $191.73 would be a rise of 3.5% from 2020. For more information on the homes at Tanglewood, contact the real estate experts with The Bouma Group at (734)761-3060 or email info@bouma.com. View more Ann Arbor homes here!

Geddes Lake Condo, Ann Arbor Report

Geddes Lake Market Update – May 2021

Look no further than Geddes Lake for peaceful living. This Ann Arbor condominium has waterfront views, beautiful walking paths, playgrounds, tennis courts, and an outdoor pool. There is 1 active listing on the market and so far this year, 7 have sold.

Condo for Sale:

  • $275,000. 727 Peninsula Court, Ann Arbor. 1516 square feet with 3 bedrooms and 2.1 baths. Sale Pending

Condos Sold in 2021:

  • $300,000. 3131 Lakehaven Drive, Ann Arbor. 1516 square feet with 3 bedrooms and 2.1 baths.
  • $244,000. 678 Peninsula Court, Ann Arbor. 1152 square feet with 2 bedrooms and 1.1 baths.
  • $242,000. 624 Watersedge Drive, Ann Arbor. 1152 square feet with 2 bedrooms and 1.1 baths.
  • $237,500. 739 Peninsula Court, Ann Arbor. 1152 square feet with 2 bedrooms and 1.1 baths.
  • $232,500. 662 Peninsula Court, Ann Arbor. 1152 square feet with 2 bedrooms and 1.1 baths.
  • $195,000. 777 Skyknob Drive, Ann Arbor. 1260 square feet with 2 bedrooms and 1.1 baths.
  • $191,000. 640 Watersedge Drive, Ann Arbor. 1260 square feet with 2 bedrooms and 1.1 baths.

Last year at Geddes Lake, 23 condos sold with an average sale price of $221,239 and an average price per square foot of $185.23. The 7 condos sold thus far in 2021 have an ASP of $241,250, up 9%, and an A$/SF of $190.59, up slightly. To learn more about condo activity at Geddes Lake, contact the condo specialists with The Bouma Group at (734)761-3060 or email info@bouma.com. Browse more Ann Arbor condos here!

Vernon Downs, Ann Arbor Neighborhood Report

Vernon Downs Market Update – May 2021

Vernon Downs is well known for its sturdy homes inclusive of hardwood and fireplaces. This larger Ann Arbor neighborhood is also conveniently situated near amenities and the highway. There is 1 active listing and so far this year, 7 homes have sold. The Bouma Group was involved with 1 of the sales.

Home for Sale:

  • $350,000. 1745 Dunmore Road, Ann Arbor. 1160 square feet with 3 bedrooms and 1.1 baths. Sale Pending

Homes Sold in 2021:

  • $450,000. 1724 Waltham Drive, Ann Arbor. 1432 sq. ft., + 500 in the finished lower level; 3 bedrooms and 3.0 baths.
  • $430,000. 2002 Brampton Court, Ann Arbor. 1306 square feet with 3 bedrooms and 1.1 baths.
  • $420,000. 1824 Saxton Street, Ann Arbor. 1620 square feet with 3 bedrooms and 1.1 baths.
  • $400,000. 1901 Waltham Drive, Ann Arbor. 1840 square feet with 4 bedrooms and 1.1 baths.
  • $370,000. 1524 Waltham Drive, Ann Arbor. 1380 square feet with 3 bedrooms and 1.1 baths.
  • $280,000. 1724 Weldon Boulevard, Ann Arbor. 1092 square feet with 3 bedrooms and 2.0 baths. Listed by The Bouma Group
  • $247,900. 1700 Scio Church Road, Ann Arbor. 1102 square feet with 3 bedrooms and 1.0 bath.

Last year at Vernon Downs, 23 homes sold with an average sale price of $391,478 and an average price per square foot of $280.39. The 7 homes sold thus far in 2021 have an ASP of $371,129, down 5.2%, and an A$/SF of $267.09, down 4.7%. If you are considering listing or buying a home at Vernon Downs, contact the real estate specialists with The Bouma Group at (734)761-3060 or email info@bouma.com. Discover more Ann Arbor homes here!

Oak Park, Ann Arbor Neighborhood Report

Oak Park Market Update – May 2021

This tranquil Ann Arbor subdivision is full of trees. Oak Park is a well established area and many of the homes have been remodeled. There is 1 active listing on the market and so far this year, 1 home has sold.

Home for Sale:

  • $275,000. 4430 Central Boulevard, Ann Arbor. 1206 sq. ft., + 777 in the finished lower level; 3 bedrooms and 1.1 baths. Sale Pending

Home Sold in 2021:

  • $319,000. 2911 Grant Drive, Ann Arbor. 1724 sq. ft., + 1300 in the finished lower level; 3 bedrooms and 2.1 baths.

Last year at Oak Park, 2 homes sold with an average sale price of $285,000 and an average price per square foot of $200.57. The 1 home that has sold thus far in 2021 has a SP of $319,000, up 11.9%, and an $/SF of $185.03, down 7.7%. To learn more about homes at Oak Park, contact the real estate experts with The Bouma Group at (734)761-3060 or email info@bouma.com. View more Ann Arbor homes here!

4 Tricks to Buying a Home in a Crazy Hot Market

Key Takeaways:

  • Despite the ongoing pandemic, the real estate market is more competitive than ever before—and that means buyers have to do more to get their offer accepted.
  • Want to stand out from the competition and score the home of your dreams? Our four tips can help you achieve real estate success in no time.
  • If you have any questions about buying in today’s hot market, just give us a call for even more personalized advice!

The 4 Tips Every Buyer Needs to Know in 2021

If you’ve been house-hunting for a while, you’ve probably noticed that today’s real estate market is more than just a little competitive. Low mortgage rates, high demand, and dwindling inventory have created ideal conditions for sellers—but it’s still very possible to score a fantastic deal on a home.

Want to know the secret to buying a home in 2021? Here are four tips that can help you take back control in a seller-driven market.

Get your finances in order

Calculating mortgage payments

First and foremost, you need to get your finances in order before you even consider looking at homes. Start by paying off as much debt as you can and increasing your credit score. It’s also a good idea to keep track of just how much you have saved for a down payment. Sellers are more likely to choose buyers who can put down at least 20% or pay cash.

Want to strengthen your offer even more? Get pre-approved or attach a higher earnest money deposit to show a seller you’re serious about buying their home.

Know what you want

Buying a home is one of life’s most exciting milestones. However, it’s easy to get caught up in the little details—which is why it’s crucial to do your research in advance. Connect with a local agent early on to discuss your home-buying goals. A good agent will help you hone in on your budget, wants, and needs, as well as the right area or neighborhood.

Prepare for a bidding war

Negotiating a deal

According to a recent survey by Redfin, more than half of all buyers found themselves in a bidding war last year. And while the idea of competing against other home-seekers might seem overwhelming, there are a few things you can do to stand out.

If you’re trying to score a house with multiple bids, send in your best and final offer up front. You may also want to include an escalation clause, which automatically increases your purchase price by certain increments (like a few thousand dollars at a time) so you avoid getting outbid.

It’s also a good idea to consider homes below your budget, especially if you have your heart set on a popular neighborhood. This gives you some flexibility if you end up in a bidding war.

Appeal to the seller

Talking about real estate

Even if you find yourself in a bidding war, it’s still possible to come out ahead. Believe it or not, sellers don’t always choose the highest offer, even if it far exceeds the original asking price.

You can appeal to a seller’s peace of mind by limiting your contingencies, offering to pay closing costs, and letting them choose the closing date. Adding these extra bonuses might seem minor, but they can really impact a seller’s final decision.

Only Buy with the Best

Working with a top-notch agent can help you navigate 2021’s crazy real estate market with ease. So if you’re looking for some guidance, it’s time to give us a call at The Bouma Group!

Whether you’re at the beginning of the buying process or are already searching for a home, you can trust us to help you find your perfect place. Contact us today at 734-761-3060 or info@bouma.com to get started; we look forward to working with you!

410 N. First, Ann Arbor Condo Report

410 N. First Market Update – May 2021

Look no further for modern living, 410 N. First is a recently developed Ann Arbor condominium and only has a few units. Each condo has upgraded features like tall ceilings and windows, and private balconies. There are 2 active listings on the market and so far this year, none have sold.

Condos for Sale:

  • $999,000. Unit #303, 410 N. First Street, Ann Arbor. 1499 square feet with 2 bedrooms and 2.0 baths.
  • $599,900. Unit #107, 410 N. First Street, Ann Arbor. 1096 square feet with 2 bedrooms and 2.0 baths.

Last year at 410 N. First, 1 condo sold with a sale price of $905,000 and a price per square foot of $508.43. In comparison to the condos in 2019, their average SP was $612,250, a 47.8% difference from 2020, and their average $/SF was $484.94, a difference of 4.8%. If the current listings sell at their asking price averaged at $779,450, it would be a 13.9% decline from 2020, and their asking $/SF of $588.65 would be a 15.8% rise from 2020. For more information about condo values at 410 N. First, contact the condo specialists with The Bouma Group at (734)761-3060 or email info@bouma.com. Browse more Ann Arbor condos here!

Hickory Grove Estates, Ann Arbor Neighborhood Report

Hickory Grove Market Update – May 2021

This smaller Ann Arbor neighborhood is comprised of 53 well-sized homes. Hickory Grove Estates is nestled between Ann Arbor and Saline and is close to the expressway. There is 1 active listing on the market and so far this year, 1 has sold.

Home for Sale:

  • $425,000. 5787 Glen Creek Court, Ann Arbor. 1981 sq. ft., + 950 in the finished lower level; 3 bedrooms and 2.1 baths. Sale Pending

Home Sold in 2021:

  • $451,500. 3140 Potomac Court, Ann Arbor. 2506 sq. ft., + 500 in the finished lower level; 3 bedrooms and 3.0 baths.

Last year at Hickory Grove Estates, 4 homes sold with an average sale price of $364,425 and an average price per square foot of $179.78. The 1 home sold thus far in 2021 has a SP of $451,000, up 23.8%, and a $/SF of $180.17, up minimally. If you are interested in listing or buying a home at Hickory Grove Estates, contact the real estate experts with The Bouma Group at (734)761-3060 or email info@bouma.com. Find more Ann Arbor homes here!

Churchill Downs, Ann Arbor Neighborhood Report

Churchill Downs Market Update – May 2021

The homes at Churchill Downs come in a variety of styles but all of them have a traditional appearance. With a picnic spot, basketball court, and schools close by, this is a family-friendly Ann Arbor subdivision. There are 2 active listings on the market and so far this year, 2 have sold.

Homes for Sale:

  • $399,999. 2155 Blaney Drive, Ann Arbor. 1692 sq. ft., + 928 in the finished lower level; 3 bedrooms and 2.1 baths. Sale Pending
  • $345,000. 2210 Steeplechase Drive, Ann Arbor. 1540 square feet with 3 bedrooms and 1.1 baths.

Homes Sold in 2021:

  • $372,000. 2250 Steeplechase Drive, Ann Arbor. 1859 sq. ft., + 900 in the finished lower level; 4 bedrooms and 2.1 baths.
  • $340,000. 2015 Wiltshire Court, Ann Arbor. 1296 sq. ft., +700 in the finished lower level; 3 bedrooms and 1.1 baths.

Last year at Churchill Downs, 6 homes sold with an average sale price of $397,417 and an average price per square foot of $221.94. The 2 homes sold thus far in 2021 have an ASP of $351,000, down 11.7%, and an A$/SF of $227.37, up slightly. For more information about the homes at Churchill Downs, contact the real estate specialists with The Bouma Group at (734)761-3060 or email info@bouma.com. Discover more Ann Arbor homes here!