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Tag Archives: downtown ann arbor condominiums

Brownstone Condos, Downtown Ann Arbor Market Update

Market Update – June 2011Brownstone Condos, Downtown Ann Arbor Condominiums

Brownstone Condos is an historic building of 8 units located in the cobblestone district of downtown Ann Arbor. Popular because of their unique, period architecture, and excellent location, condominiums at Brownstone rarely come to the market. There are currently 0 units for sale and 0 have sold so far this year. In the past 5 years, 2 condos have sold.

Sold Condos:

  • $311,000. 1045 square feet with 2 bedrooms and 1 full bath. Closed in 2006.
  • $322,500. 1560 square feet with 1 bedroom, a study, and 2 full baths. Closed in 2007.

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How Are Downtown Ann Arbor Condo Values Faring?

Ashley Mews Downtown Ann Arbor CondosDowntown Ann Arbor Condominiums offer a variety of urban living experiences and are a popular choice for many types of buyers. Like most Washtenaw County Real Estate, Downtown Ann Arbor condo values have decreased, but as with Ann Arbor homes, they appear to be on the rise once again. 2009 was a low for the total number of units sold, average sales price, and price per square foot. But, in 2010 we saw an increase of 71% in number of units sold, an increase of 11% in average sales price, and an increase of 5% in average price per square foot. So far in 2011, 15 condos have sold with an average sales price of $294,469 and average price per square foot of $229.35. The highest selling condo price was $540,000, $261.88/square foot, for an Ashley Mews brownstone with 2466 total square feet, 3 bedrooms and 2.1 baths. The lowest priced unit was a studio-style Riverhouse condo that closed for $67,000, $146.29/square foot, and had 458 square feet with 1 full bath. Continue reading

Is Downtown Ann Arbor Condo Living for You?

Loft 322 Downtown Ann Arbor CondosDowntown Ann Arbor Condos appeal to a variety of people, from young folks wanting to be close to the excitement, downtown professionals walking to work, and even retirees looking for luxury without the maintenance of a home. Downtown Ann Arbor offers an urban lifestyle with everything within walking distance: a wide array of restaurants, coffee shops, bars, music venues, shops and galleries, museums, and even downtown grocers. There are many styles of condos, including: lofts, brownstones, penthouses, townhomes, new construction, renovated historic buildings, high rise buildings, LEED certified, and basic apartment styles. Complexes include: