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Tag Archives: April 2021

Ann Arbor Real Estate Report – April 2021

Ann Arbor Homes Experience an Influx of New Inventory

How to rent out an apartment: all the useful information for landlords |  General

The Spring season brought many new listings with it this April, there were 172 Ann Arbor homes added to the market, which is a substantial 126.3% increase from the 76 entered last April. Even with more inventory, sellers will be pleased to know that the average days on the market declined by 30%, at only 21 days recently. In comparison to the 83 homes sold the April prior, a total of 121 properties were sold this past month demonstrating a 45.8% rise. The average sale price was a significant 41.4% higher at $605,381 versus the $428,015 ASP before.

As for the year-to-date statistics, there was an overall increase from last year. At this time last year, 484 homes had been listed, but this year there was an 11% increase as 537 properties have been put up for sale. Moreover, there were 512 sold properties, which is a considerable 63.1% rise from the 314 previously. Sale prices experienced a 16% increase from $446,818 to $518,187 currently.

If you have more inquiries about the Ann Arbor housing market, don’t hesitate to reach out to the real estate experts with The Bouma Group at (734)761-3060 or email info@bouma.com. View our active listings here!

Northside Glen Condos, Ann Arbor Report

Northside Glen Market Update – April 2021

This decently sized Ann Arbor complex is well located near convivences. The grounds at Northside Glen also look immaculate with trimmed grass, colorful flowers, and pruned trees. There is 1 condo active on the market and so far this year, 3 have sold. The Bouma Group is involved with the current listing.

Condo for Sale:

Condos Sold in 2021:

  • $262,000. 2778 South Knightsbridge Circle, Ann Arbor. 1236 square feet with 3 bedrooms and 2.0 baths.
  • $240,000. 2676 South Knightsbridge Circle, Ann Arbor. 1182 square feet 2 bedrooms and 2.0 baths.
  • $223,000. 2772 South Knightsbridge Circle, Ann Arbor. 1094 square feet with 2 bedrooms and 2.0 baths.

Last year at Northside Glen, 11 condos sold with an average sale price of $230,920 and an average price per square foot of $204.73. The 3 condos that have sold thus far in 2021 have an ASP of $241,667, up 4.7%, and an A$/SF of $206.29, up slightly. For more information about the condos at Northside Glen, contact the condo specialists with The Bouma Group at (734)761-3060 or email info@bouma.com. View more Ann Arbor condos here!

Glennborough, Ann Arbor Neighborhood Report

Glennborough Market Update – April 2021

The homes at Glennborough are spacious with brick exteriors. Furthermore, the lots are large and surrounded by a variety of natural landscapes. There are 2 homes active on the market and so far this year, 1 has sold. The Bouma Group is involved in 1 of the properties.

Homes for Sale:

  • $1,250,000. 3318 Woodhill Circle, Ann Arbor. 4651 square feet with 4 bedrooms and 4.2 baths.
  • $819,000. 3302 Woodhill Circle, Ann Arbor. 4427 square feet with 4 bedrooms and 3.1 baths. Listed by The Bouma Group

Homes Sold in 2021:

  • $865,000. 5403 Waldenhill Court, Ann Arbor. 4052 sq. ft., + 1754 in the finished lower level; 5 bedrooms and 4.2 baths.

Last year at Glennborough, 4 homes sold with an average sale price of $794,650 and an average price per square foot of $222.06. The 1 home sold thus far in 2021 has a SP of $865,000, up 8.9%, and a $/SF of $213.47, down 3.9%. If you are interested in listing or buying a home at Glennborough, contact the real estate experts with The Bouma Group at (734)761-3060 or email info@bouma.com. View more Ann Arbor homes here!

Kingsley Condos, Ann Arbor Report

Kingsley Market Update – April 2021

Kingsley, Ann Arbor

Luxurious living is found at this Ann Arbor condominium inclusive of open-concept living, walk-in closets, sound-proof protection, and tall ceilings. As well, the short distance to local amenities and rooftop terrace views at Kingsley are hard to beat. There are 7 listings active on the market and so far this year, 3 condos have sold. The Bouma Group is the primary listing agent for these condos and have been involved in the majority of the transactions.

Condos for Sale:

Condos Sold in 2021:

  • $550,000. 218 West Kingsley #412, Ann Arbor. 1162 square feet with 2 bedrooms and 2.0 baths. Listed by The Bouma Group
  • $545,000. 218 West Kingsley #410, Ann Arbor. 1134 square feet with 2 bedrooms and 2.0 baths. Listed by The Bouma Group
  • $450,000. 218 West Kingsley #505, Ann Arbor. 870 square feet with 1 bedrooms and 1.1 baths. Listed by The Bouma Group

Last year at Kingsley, 6 condos sold with an average sale price of $718,667, and an average price per square foot of $443.97. The 3 condos that have sold thus far in 2021 have an ASP of $515,000, down 28.3%, and an A$/SF of $490.39, up 13.9%. To learn more about the condos at Kingsley, contact the condo specialists with The Bouma Group at (734)761-3060 or email info@bouma.com. Find more Ann Arbor condos here!

Loch Alpine, Ann Arbor Neighborhood Report

Loch Alpine Market Update – April 2021

Surrounded by mature trees and wooded areas, Loch Alpine is a sought after place to live. This large Ann Arbor subdivision is also great for families. There are 3 homes active on the market and so far this year, 4 have been sold.

Homes for Sale:

  • $485,000. 4480 West Loch Alpine Drive, Ann Arbor. 2989 sq. ft., + 800 in the finished lower level; 4 bedrooms and 3.1 baths. Sale Pending
  • $450,000. 4320 Sunderland Way, Ann Arbor. 2329 sq. ft., + 700 in the finished lower level; 4 bedrooms and 3.1 baths.
  • $399,900. 4615 West Loch Alpine Drive, Ann Arbor. 1889 sq. ft., + 1200 in the finished lower level; 4 bedrooms and 3.1 baths. Sale Pending

Homes Sold in 2021:

  • $950,000. 4158 Glen Eagles Court, Ann Arbor. 3407 sq. ft., + 1446 in the finished lower level; 4 bedrooms and 5.1 baths.
  • $495,000. 4433 Canterbury Court, Ann Arbor. 2667 square feet with 4 bedrooms and 2.1 baths.
  • $485,000. 4340 East Loch Alpine Drive, Ann Arbor. 2264 sq. ft., + 1086 in the finished lower level; 3 bedrooms and 2.2 baths.
  • $425,000. 4250 Crestline Drive, Ann Arbor. 2389 square feet with 4 bedrooms and 2.1 baths.

Last year at Loch Alpine, 14 homes sold with an average sale price of $425,107 and an average price per square of $183.39. The 4 homes that have sold thus far have an ASP of $588,750, up 38.5%, and an A$/SF of $214.14, up 16.8%. For more information about the homes at Loch Alpine, contact the real estate experts with The Bouma Group at (734)761-3060 or email info@bouma.com. Discover more Ann Arbor homes here!

Ashley Mews, Ann Arbor Condo Report

Ashley Mews Market Update – April 2021

Ashley Mews Ann Arbor MI

The units at Ashley Mews are nothing short of upscale. These brownstones are located centrally in Ann Arbor and owners enjoy beautiful views of the city skyline. There are 5 condos active on the market and so far this year, 2 have sold. The Bouma Group is the listing agent for 1 of the condos.

Condos for Sale:

  • $895,000. 133 Ashley Mews Drive, Ann Arbor. 2062 sq. ft., + 404 in the finished lower level; 3 bedrooms and 3.1 baths.
  • $630,000. 167 Ashley Mews Drive, Ann Arbor. 1250 sq. ft., + 340 in the finished lower level; 2 bedrooms and 2.1 baths.
  • $630,000. 171 Ashley Mews Drive, Ann Arbor. 1250 sq. ft., + 315 in the finished lower level; 2 bedrooms and 2.1 baths. Sale Pending
  • $539,000. 111 Ashley Mews Drive, Ann Arbor. 1358 square feet with 2 bedrooms and 2.0 baths. Sale Pending
  • $520,000. 168 Ashley Mews Drive, Ann Arbor. 1393 square feet with 2 bedrooms and 2.0 baths. Listed by The Bouma Group, Sale Pending

Condos Sold in 2021:

  • $535,000. 433 Ashley Mews Drive, Ann Arbor. 1626 square feet with 2 bedrooms and 2.1 baths.
  • $510,000. 164 Ashley Mews Drive, Ann Arbor. 1404 square feet with 2 bedrooms and 2.0 baths.

No homes were sold at Ashley Mews in 2020. However in 2019, 9 condos sold with an average sale price of $616,848 and an average price per square foot of $383.14. The 2 condos sold thus far in 2021 have an ASP of $522,500, down 15.3% from 2018, and an A$/SF of $346.14, down 9.7% from 2018. If you are interested in selling or buying a condo at Ashley Mews, contact the condo specialists with The Bouma Group at (734)761-3060 or email info@bouma.com. Browse more Ann Arbor condos here!

Pheasant Hollow, Ann Arbor Neighborhood Report

Pheasant Hollow Market Update – April 2021

With only 26 properties, each home at this Ann Arbor subdivision has been carefully crafted. Moreover, Pheasant Hollow has an abundance of natural areas for residents to enjoy. There is 1 home active on the market and so far this year, no homes have sold.

Home for Sale:

  • $945,000. 2110 Hollow Oak Drive, Ann Arbor. 3715 sq. ft., + 1650 in the finished lower level; 5 bedrooms and 4.1 baths.

Last year at Pheasant Hollow, 2 homes sold with an average sale price of $832,500 and an average price per square foot of $222.70. In comparison to 2019, both of these values increased by 5% and 12.4% respectively. The listing price of the home that is currently for sale is $945,000, which would be a 13.6% rise compared to 2020, and it has a price per square foot of $254.37, which would be 14.2% increase compared to 2020. If you would like to learn more about home values at Pheasant Hollow, then contact the real estate experts with The Bouma Group at (734)761-3060 or email info@bouma.com. View more Ann Arbor homes here!

The Arboretum, Saline Neighborhood Report

The Arboretum Market Update – April 2021

The Arboretum, Saline, MI

Set on lush green hills, the stunning homes at The Arboretum boast beauty both on the exterior and interior. The standard features of these Saline homes are luxurious – high ceilings, hardwood, and quality kitchens. There is 1 home active on the market and so far this year, 2 homes have sold.

Home for Sale:

  • $ 599,900. 831 Arboretum Drive, Saline. 3777 square feet with 4 bedrooms and 3.1 baths. Sale Pending

Homes Sold in 2021:

  • $500,000. 789 Arboretum Drive, Saline. 2953 sq. ft., + 1100 in the finished lower level; 5 bedrooms and 4.1 baths.
  • $489,900. 441 Amherst Circle, Saline. 2548 sq. ft., + 1300 in the finished lower level; 4 bedrooms and 4.1 baths.

Last year at The Arboretum, only 1 home sold with a sale price of $546,200 and a price per square foot of $195.63. The 2 homes that have been thus far in 2021 have an average SP of $494,950, down 9.4%, and an average $/SF of $180.79, down 7.6%. For more information about the homes at The Arboretum, contact the real estate specialists with The Bouma Group at (734)761-3060 or email info@bouma.com. Discover more Saline homes here!