Skip to main content

Tag Archives: Ann Arbor Condo Market Update

Ann Arbor Condo Market Report – Summer 2017

Sale Prices Soar for Ann Arbor Condos

Ann Arbor Condo Statistics for August 2017 and Second Quarter

When comparing Ann Arbor condo data year-to-date through August of 2016 to that of 2017, little has changed, except in one very important area. The number of new listings that came to the market was 552 in 2016 and 550 this year, basically the same, as with the number of sales, 455 vs. 447. However, the average sale price of Ann Arbor condos has skyrocketed from $203,743 YTD in 2016 to $252,547 this YTD, an increase of $24%!  The low supply is keeping demand high, which is raising the average sale price. This is also apparent in the average days on the market which has decreased from 31 to 27. Once we see inventory begin to rise, prices will level out. Continue reading

Alpine, Ann Arbor Condo Market Report

Ann Arbor Condo Market Report – December 2016Alpine Condos, Ann Arbor MI 48108

It has been a busy year for Alpine condo sales. There are currently 0 units listed for sale and in 2016, 6 units have sold.

Sold Condos:

  • $182,500.  3220 Alpine Drive, Ann Arbor. 1280 square feet, +250 in finished lower level, 2 bedrooms and 2.1 baths.
  • $181,000.  3314 Alpine Drive, Ann Arbor. 1280 square feet with 3 bedrooms and 2.1 baths.
  • $172,000.  3238 Alpine Drive, Ann Arbor. 1280 square feet, +400 in finished lower level, 3 bedrooms and 2.1 baths. Listed by The Bouma Group
  • $170,000.  3204 Alpine Drive, Ann Arbor. 1280 square feet, +500 in finished lower level, 2 bedrooms and 2.1 baths.
  • $163,000.  3318 Alpine Drive, Ann Arbor. 1280 square feet, +640 in finished lower level, 2 bedrooms and 2.1 baths.
  • $161,000.  3224 Alpine Drive, Ann Arbor. 1280 square feet, +450 in finished lower level, 2 bedrooms and 2.1 baths.

Continue reading

Ann Arbor Condo Market Update – April 2016

Ann Arbor Condo Prices Up in Spring Market

Ann Arbor Condo Market Statistics for April 2016
The strong spring market brought increased sale prices in April for Ann Arbor Condos with a median sale price of $169,900, compared with $165,000 in April 2015. Average days on the market also decreased from 46 last year, to 44 this year. Inventory increased slightly with 129 condos listed in April, compared with 124 last April. Overall, it continues to be a seller’s market with a 4.3 month supply of units listed for sale.

Spring is here, inventory is still relatively low, and interest rates are still at historic levels – now is the perfect time to get your condo listed for sale! To find out more about the market and what your condo is worth, contact us today at 734-761-3060 or info@bouma.com. We’d love to talk with you about your Ann Arbor condominium!

Ann Arbor Condo Market Update – August 2013

Ann Arbor Condo Inventory Down 22%

Ann Arbor Condo Statistics for August 2013
When compared with the high for the year of 249 condos listed for sale in May 2013, listing inventory is down by 22% with 194 units. Even with tapering inventory, buyer sales have remained steady. What does this mean for condo sellers? With less competition in the marketplace, it’s still a great time to get your unit listed. Here at The Bouma Group, in most cases we’ve been experiencing our condo listings selling in a matter of days and often over asking price. It is currently a Seller’s Market with a 4 month supply of condos available.

We’ve been Ann Arbor’s leading condo seller for 15 years and know this market inside and out. So if you’ve been thinking of selling your condo, contact us for a market analysis today at 734-761-3060 or info@bouma.com. Condo values have been rising and we have the knowledge, marketing, and negotiating skills to get you the best price in the shortest amount of time. Thinking of purchasing a condo? Check out Ann Arbor Condo complexes here!

Ann Arbor Condo Real Estate Market Update June 2013

It’s a Seller’s Market for Ann Arbor Condos

Ann Arbor Condo Statistics for June 2013

The Ann Arbor Condo market is back in a seller’s market with an overall 4.3 months supply of units available for sale. More than half of the condo inventory has contracts pending, just waiting to close. Compared with last month, condo inventory has declined by 15% with sales increasing slightly. What does this mean for sellers? Now is the perfect time to get your condo listed for sale!

High buyer demand combined with low inventory and steady sales, keep prices/values increasing in Ann Arbor. Contact the real estate specialists with The Bouma Group today to find out what your condo is worth and what we can do to get it sold quickly! 734-761-3060 or email info@bouma.com. View all condo complexes and market updates here!

Ann Arbor Condo Market Update – November 2012

Where Have All The Ann Arbor Condos Gone?

Sales and Inventory for Ann Arbor Condos November 2012

Ann Arbor Condo sales have dipped to the lowest number since February 2012 and will most likely continue to do so until the first few months of the new year. Inventory has taken and huge drop with the number of condos listed for sale now down 26% from last month and a whopping 41% from the high in April 2012. Where did they all go? Continue reading

Ann Arbor Condo Market Update – September 2012

Ann Arbor Condo Sales at Highest in Over 5 Years

Ann Arbor Condo Real Estate Statistics for September 2012

Ann Arbor condo sales for the past 12 months are at the highest point the real estate market has seen in over 5 years. With 582 closed listings and a 3.9 months supply of condos listed for sale, it remains a seller’s market. And with a continued drop in inventory, condo prices are being driven upward as the market recovers.

Have you taken advantage of the lower condo prices in Ann Arbor yet? We haven’t seen a full recovery and prices are still lower than in years past. Combined with historically low interest rates, great deals are still to be had! Give us a call at The Bouma Group at 734-761-3060 or email info@bouma.com to find out more about these real estate statistics and how we can help you find the perfect condo. Start your MLS search here!

Ann Arbor Condo Market Update – August 2012

Ann Arbor Condo Market Seeing Recovery

Ann Arbor Condo Statistics for August 2012

As the summer real estate market winds down, Ann Arbor Condo sales remain strong. In fact, sales for the past 12 months are at their highest in more than 5 years, with 574 condos sold in the past 12 months. Inventory has hit a low, with 199 units available for sale. A strong buyer pool combined with shrinking inventory and low interest rates will continue to drive prices upward.

Here at The Bouma Group, we continuously analyze the market and track every trend, including: Downtown Ann Arbor condos, price ranges, individual complexes, and more. To learn more about condo values, contact us today at 734-761-3060 or info@bouma.com. Visit our website where you can search the Ann Arbor MLS, download a Downtown Ann Arbor Condo report, or see info for all local condo complexes!

Laurel Gardens, Ann Arbor Condo Market Update

Ann Arbor Condo Update – September 2012Laurel Gardens, Ann Arbor MI Condos

At Laurel Gardens there are currently 2 units listed for sale and so far this year, 3 units have sold.

Condos for Sale:

  • 4738 Bayberry Circle, Ann Arbor. $279,900. 2142 square feet with 2 bedrooms and 2.1 baths. Listed by The Bouma Group
  • 1274 Pepperidge Way, Ann Arbor. $315,000. 1947 sq. ft. +1300 in finished lower level, 3 bedrooms and 3.1 baths.

Sold Condos:

  • 4707 Bayberry Circle, Ann Arbor. $253,000. 1542 square feet with 2 bedrooms and 3 baths.
  • 4738 Bayberry Circle, Ann Arbor. $260,000. 2142 square feet with 2 bedrooms and 2.1 baths. Sold by The Bouma Group
  • 4687 Mulberry Woods Circle, Ann Arbor. $267,500. 1817 square feet with 3 bedrooms and 2.1 baths.

Last year at Laurel Gardens, 3 condos sold with an average sale price of $267,833 and average price per square foot of $131.85. The 3 units that have sold this year have an ASP of $260,166 (down slightly) and the A$/SF is up almost 10% to $144.23. To learn more about values at Laurel Gardens, contact the Ann Arbor Condo specialists with The Bouma Group at 734-761-3060 or email us at info@bouma.com. And for instant listing and sold data, plus floor plans, by-laws and more, check out the Ann Arbor Condo Hotline here!

 

Ann Arbor Condo Market Update – July 2012

Ann Arbor Condos in a Seller’s Market!

Ann Arbor Condo Statistics for July 2012

Declining inventory, combined with increased sales in July brought Ann Arbor Condos into a seller’s market for the first time this year. The lack of inventory is pushing condo prices upward and hopefully we will see this trend continue. Now is the perfect time to get your condominium listed for sale! Inventory is low and mortgage interest rates are even lower bringing more buyers to the market. Contact us today at The Bouma Group to find out what your condo is worth and what we can do to get it sold for you! Looking to purchase? Visit the Ann Arbor Condo Hotline and view floor plans, photos, amenities, and active and sold listings.