The Ann Arbor Condo Market Remains Steady
The fall real estate market is in full swing and for Ann Arbor condos overall, we are seeing few changes when comparing October to September. Inventory declined slightly and remains at its lowest point for the entire year. There are currently 238 units listed for sale, which is only down 2% from last month. The number of condos under contract with a buyer also decreased, as well as sales for the past 12 months. While most price points are in a buyer’s market, the overall market continues to be in a balanced market with a 5.7 month supply of condos, as condos listed at $200k and under are in a seller’s market and is generally what’s selling.
Real Estate Report – July 2011
Country Village Condos is a small complex situated on the west side of Ann Arbor off Maple Rd. near Scio Church. Condo owners enjoy the great location and cozy, peaceful atmosphere. There are currently 0 units for sale and 3 units have rented out so far this year.
- $1600/month. 1496 square feet with 4 bedrooms and 3 baths.
- $1650/month. 1800 square feet, including sunroom, 3 bedrooms and 3 baths.
- $1700/month. 1496 square feet, 4 bedrooms and 3 baths.
Last year at Country Village Condos, 1 unit rented for $1500/month and 1 unit, a foreclosure, sold for $130,000 and $86.90 per square foot. As with many Ann Arbor condo communities, values have declined, but with shrinking inventory we may see prices begin to stabilize in the near future. To find out more about Country Village, or the nearby Castleridge Commons, Morningside Condos, or Walden Hills, contact the Ann Arbor Condo Experts at The Bouma Group today at 734-761-3060 or email@example.com. To view all area communities, visit the Ann Arbor Condo Hotline and see photos, information, and active & sold listing data instantly!
Market Update – June 2011
Castleridge Commons is a small collection of 8 luxurious condos that back to a nature area. Features include fireplaces, lower levels, 2 car attached garages, and fine finishes throughout. There are currently 0 units for sale and 0 have sold so far this year. Last year 1 condo was rented out.
Condo Rented in 2010:
- $1550/month. 1680 square feet with 3 bedrooms and 2.1 baths.
Due to the small number of condos at Castleridge Commons, it is rare for one to be listed for sale. If you would like to find out immediately about new listings at Castleridge, or any Ann Arbor condo community, contact The Bouma Group today at 734-761-3060 or firstname.lastname@example.org and we can get you set up on our instant notification system. To view up-to-date active and sold condo information, be sure to visit the Ann Arbor Condo Hotline, Washtenaw County’s #1 resource for condominium buyers and sellers!