The month of August experienced less drastic change in its metrics. A total of 156 listings were added to the Ann Arbor housing market, only a 3.3% increase from the previous August. Properties sat on the market for an average of 17 days, which was a considerable 45.2% drop from the 31 days in August 2020. There was an 18.4% decline in the amount of sold homes, from 141 to 115 recently. The average sale price increased by 5.9% though, $476,076 versus $504,283.
Since the start of the year, 1,288 homes have been entered into the multiple listings service, and this was a 4.4% change from the 1,234 from this time last year. 915 homes have been sold thus far in comparison to the 765 earlier – a 19.6% increase. Cumulatively, the ASP rose 14.1% to $526,753 versus the $461,649 before.
Hometown Village of Ann Arbor Market Update – August 2021
A desired Ann Arbor neighborhood consists of complimentary homes in a lovely setting. The homeowners association of Hometown Village of Ann Arbor ensures that the subdivision remains picturesque with its white picket fences and flower boxes. There are no active listings and so far this year, 5 homes have sold.
Homes Sold in 2021:
$480,000. 1349 Timmins Drive, Ann Arbor. 2255 sq. ft., + 1019 in the finished lower level; 3 bedrooms and 3.1 baths.
$467,500. 1561 Chapleau Drive, Ann Arbor. 1990 sq. ft., + 700 in the finished lower level; 5 bedrooms and 3.1 baths.
$450,000. 1273 Timmins Drive, Ann Arbor. 1842 sq. ft., + 800 in the finished lower level; 5 bedrooms and 3.1 baths.
$446,000. 1484 Chapleau Drive, Ann Arbor. 2730 square feet with 3 bedrooms and 2.1 baths.
$390,000. 1479 Chapleau Drive, Ann Arbor. 2091 square feet with 3 bedrooms and 2.1 baths.
The Average Days on the Market Drop to 12 for Ann Arbor Homes
The Ann Arbor housing market seems to be continuing on a similar trajectory. There was a 25.3% increase in active listings from 162 last June to 203 homes recently. Sellers will be happy to know that the average days on the market declined to only 12 days, a 65.7% difference. As well, the average sale price rose from 12.8%, $472,763 versus $533,139 in June 2021. Sales declined slightly to 146 this past month.
Year-to-date statistics also remained pretty consistent. A total of 1,134 homes have been entered into the multiple listings service thus far, which is a 4.7% increase from the 1,083 last year at this time. Closed sales have seen an even larger increase from 624 to 796 homes, a 27.6% rise. Cumulatively, the ASP is $530,165, which is a 15.7% increase in comparison to the ASP of $458,389 before.
This Ann Arbor subdivision boasts gorgeous, spacious homes on big lots. Inside the homes of Riding Oaks Estates are upgrades such as high ceilings with crown molding, fireplaces, and more. There is currently 1 active listing and so far this year, no homes have sold.
Home for Sale:
$1,300,000. 1740 Tapadera Drive, Ann Arbor. 4235 sq. ft., + 2000 in the finished lower level; 6 bedrooms and 5.0 baths.
Last year at Riding Oaks Estates, 3 homes sold with an average sale price of $1,046,667 and an average price per square foot of $229.09. If the current listing sells at its asking price of $1,300,000, there would be a 24.2% rise, and it’s price per square foot of $306.97 would show a 34% increase. For more information about home values at Riding Oaks Estates, contact the real estate specialists with The Bouma Group at (734)761-3060 or email email@example.com. Find more Ann Arbor homes here!
In comparison to both last June and the year-to-date statistics, the Ann Arbor residential real estate market has remained consistent. There was a slight increase in the amount of new inventory from 204 to 208 this past month. Sold homes rose as well with 148 properties closing – a 9.6% increase from 135 before. The average sale price increased by 21.2%, thus coming to $547,277 versus the the ASP of $451,615 prior. On average, listings sat on the market for 17 days, a 52.8% decline from the previous June.
Overall, the year-to-date numbers did not show much of a change. 931 homes were added into the multiple listings service so far in 2021, which is a minimal increase from the 921 before. The one considerable change was in the sold homes; there was a 36.4% increase from 475 to 648 currently. Cumulatively, the ASP for those homes was $529,542 in comparison to the $453,880 – a 16.7% rise.
The properties at Walnut Ridge are nothing short of excellent. With superior craftsmanship, beautiful landscaping, and large homes and lots, this Ann Arbor subdivision is considered to be upscale. There is 1 active listing and so far this year, 1 home has sold.
$993,000. 2214 Gray Fox Court, Ann Arbor. 4273 sq. ft., + 1788 in the finished lower level; 4 bedrooms and 4.1 baths. Listed by The Bouma Group
Last year at Walnut Ridge, 5 homes sold with an average sale price of $1,086,000 and an average price per square foot of $249.78. The 1 home sold thus far in 2021 has a SP of $993,000, down 8.6%, and a $/SF of $232.39, down 7%. If you are curious about home values at Walnut Ridge, then contact the real estate experts with The Bouma Group at (734)761-3060 or email firstname.lastname@example.org. Discover more Ann Arbor homes here!