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Tag Archives: June 2020

Ann Arbor Real Estate Report – June 2020

Comparable Listing Prices but Less Inventory for Ann Arbor Homes

Although their is some uncertainty about the future of the housing market, the average listing price for Ann Arbor homes in June, $508,749, is comparable to that of last June, $507,887. This past month a total of 137 homes were added to the multiple listings service, only a 13.3% decline from the 158 homes listed in June 2019. Unfortunately for sellers, there has been a more considerable decrease of 24.8% in the amount of sales, from 129 to 97 sold this June. The average sale price is $443,911 and in comparison to the $514,071 ASP of homes the previous June, this is a 13.6% decrease. In the month of June, homes usually spent 35 days on the market before selling.

Looking at the year-to-date statistics, we see a similar trend with the ALP where currently it is $523,410, and this is only a minimal difference compared to the last year when the ALP was $531,389. As for the ASP there is only a 3.8% decline, $470,685 to $452,620 at the moment. The biggest difference is seen between inventory. So far this year, 620 homes have been listed, a 29.5% decrease compared to the 880 in 2019 at this time. The amount of sold homes have experienced an even greater decline of 35.2%, from 514 last year to 333 now.

If you are curious about the future direction of the real estate market, look no further than The Bouma Group because we are here to help with all of your questions, listings, and sellings. Contact the specialists at (734)761-3060 or email info@bouma.com. Learn more about Ann Arbor and surrounding areas here!

Vernon Downs, Ann Arbor Real Estate Update

Vernon Downs Real Estate Report – June 2020

As a wonderful Ann Arbor neighborhood, Vernon Downs not only offers robust homes with brick exteriors and fireplaces but it also is well located near many schools. Currently, 9 homes are listed for sale and 8 have been sold so far this year, 1 of which The Bouma Group was involved with.

Homes for Sale:

  • $425,000. 2140 Runnymede Boulevard, Ann Arbor. 1897 square feet with 3 bedrooms and 2.0 baths. Sale Pending
  • $425,000. 1516 Warwick Court, Ann Arbor. 2387 square feet with 3 bedrooms and 1.1 baths.
  • $399,900. 1730 Dunmore Road, Ann Arbor. 1131 sq. ft., + 986 in the finished lower level; 4 bedrooms and 2.0 baths. Sale Pending
  • $399,900. 1546 Covington Drive, Ann Arbor. 1444 sq. ft., + 1200 in the finished lower level; 3 bedrooms and 3.0 baths. Sale Pending
  • $379,000. 1808 Weldon Boulevard, Ann Arbor. 1092 sq. ft., + 800 in the finished lower level; 3 bedrooms and 2.0 baths.
  • $375,000. 1809 Saxon Street, Ann Arbor. 1308 sq. ft., + 523 in the finished lower level; 3 bedrooms and 1.1 baths. Sale Pending
  • $365,000. 1801 Waverly Road, Ann Arbor. 1218 sq. ft., + 800 in the finished lower level; 3 bedrooms and 1.1 baths. Sale Pending
  • $363,000. 1730 Covington, Ann Arbor. 1208 sq. ft., + 900 in the finished lower level; 3 bedrooms and 2.0 baths. Sale Pending

If you would like a complete list of Homes for Sale at Vernon Downs, contact us at (734)761-3060.