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Tag Archives: Market Report

What Makes Today’s Real Estate Market So Competitive?

Key Takeaways

  • This year’s housing market is shaping up to be the most competitive on record, but the pandemic isn’t the only thing influencing the national real estate boom.
  • There are actually quite a few factors contributing to today’s hot market, including unfettered buyer demand, historically low supply, and steady interest rates.
  • Have questions about buying a home in 2021? Get in touch with us for even more personalized advice.

3 Factors That Make 2021’s Real Estate Market More Competitive Than Ever

If you’re planning a move, you might be wondering how the real estate market will change this year—and the predictions are pretty eye-opening. Existing home sales are expected to increase by 9%, home prices could rise by a whopping 8%, and mortgage rates should stay well below 4% for the foreseeable future. Continue reading

Alpine Condos, Ann Arbor Market Report

Alpine Condos, Ann Arbor Market Report for April 2020

With a great central Ann Arbor location, Alpine Condos are a great choice for buyers. There is currently 1 unit listed for sale and so far this year, 1 has sold. In 2019, 3 units sold.

Condo for Sale:

  • $229,900. 3280 Alpine Drive, Ann Arbor. 1280 sq. ft., +450 in the finished lower level, 2 bedrooms and 2.1 baths.

Sold Condo in 2020:

  • $175,000. 3270 Alpine Drive, Ann Arbor. 1280 square feet with 3 bedrooms and 2.1 baths.

Sold Condos in 2019:

  • $218,400. 3272 Alpine Drive, Ann Arbor. 1280 sq. ft., +600 in the finished lower level, 2 bedrooms and 2.1 baths.
  • $205,000. 3256 Alpine Drive, Ann Arbor. 1280 sq. ft., +600 in the finished lower level, 2 bedrooms and 2.1 baths.
  • $195,000. 3290 Alpine Drive, Ann Arbor. 1280 sq. ft., +400 in the finished lower level, 3 bedrooms and 2.1 baths.

In 2018, 5 condos sold at Alpine with an average sale price of $220,200 and an average price per square foot of $172.03. The 3 units sold in 2019 have an ASP of $206,133, down 6%, and an A$/SF of $161.04, down 6% as well. Get more information, amenities, and photos for Alpine Condos here!

Wildwood Subdivision Real Estate Report – June 2019

Wildwood Real Estate Report for June 2019

Wildwood is a popular Saline subdivision with a gorgeous wooded setting. There are currently 2 homes listed for sale and so far this year, 10 have sold.

Homes for Sale:

  • $379,000. 725 Ironwood Way, Saline. 2190 square feet with 4 bedrooms and 3 baths.
  • $365,000. 563 Rosebud Court, Saline. 2132 sq. ft., +900 in the finished lower level, 4 bedrooms and 3.1 baths.

Sold Homes:

  • $399,900. 331 Dogwood Court, Saline. 2472 sq. ft., +728 in the finished lower level, 4 bedrooms and 3.1 baths.
  • $397,500. 2919 Hawthorne Way, Saline. 2033 sq. ft., +400 in the finished lower level, 4 bedrooms and 2.1 baths.
  • $395,000. 2467 Wildwood Trail, Saline. 2214 sq. ft., +800 in the finished lower level, 4 bedrooms and 2.2 baths.
  • $380,000. 313 Dogwood Court, Saline. 2200 sq. ft., +1234 in the finished lower level, 5 bedrooms and 3.1 baths.
  • $375,000. 2023 Wildwood Trail, Saline. 1911 sq. ft., +600 in the finished lower level, 4 bedrooms and 2.1 baths.
  • $375,000. 2163 Chestnut Crescent, Saline. 2228 square feet with 4 bedrooms and 2.1 baths.
  • $370,000. 2030 Wildwood Trail, Saline. 1848 sq. ft., +924 in the finished lower level, 3 bedrooms and 3 baths.
  • $360,000. 1667 Wildwood Trail, Saline. 2020 sq. ft., +900 in the finished lower level, 4 bedrooms and 2.1 baths.
  • $340,000. 2392 Wildwood Trail, Saline., 1612 sq. ft., +1000 in the finished lower level, 3 bedrooms and 3 baths.
  • $330,000. 2376 Wildwood Trail, Saline. 1998 sq. ft., +1000 in the finished lower level, 4 bedrooms and 3.1 baths.

Last year at Wildwood subdivision, 13 homes sold with an average sale price of $361,331 and an average price per square foot of $177.00. The 10 homes sold so far this year have an ASP of $372,240, up 3%, and an A$/SF of $183.00, up 3%. To learn more about home prices at Wildwood or any Saline subdivision, contact the real estate specialists with The Bouma Group at 734-761-3060 or info@bouma.com today!

Polo Fields, Ann Arbor Real Estate Report

Polo Fields Real Estate Report – April 2019

There are currently 2 homes listed for sale at the upscale Polo Fields subdivision and so far this year, 0 have sold. 4 homes sold in 2018.

Homes for Sale:

  • $699,900. 4943 Birdie Lane, Ann Arbor. 3021 sq. ft., +1250 in finished lower level, 5 bedrooms and 3.1 baths. Sale Pending
  • $510,000. 4861 Polo Fields Drive, Ann Arbor. 2514 sq. ft., +2250 in finished lower level, 5 bedroom and 3.2 baths. Sale Pending

Homes Sold 2018:

  • $715,000. 794 Bogey Court, Ann Arbor. 2855 sq. ft., +1254 in finished lower level, 5 bedrooms and 3.1 baths.
  • $670,000. 853 Chipshot Court, Ann Arbor. 3197 sq. ft., +1200 in finished lower level, 4 bedrooms and 3.1 baths.
  • $593,000. 4957 Gullane Drive, Ann Arbor. 3031 sq. ft., + 1100 in finished lower level, 4 bedrooms and 4.1 baths.
  • $402,000. 918 Fairway Park Drive, Ann Arbor. 2375 square feet with 3 bedrooms and 2.1 baths.

In 2017, 4 homes sold with an average sale price of $491,875 and an average price per square foot of $175.00. The 4 homes sold in 2018 had an ASP of $595,000, up 21%, and an A$/SF of $206.00, up 18%. To learn more about this golf and country club community, contact the real estate specialists with The Bouma Group at 734-761-3060 or email info@bouma.com. View photos and more market statistics for the Polo Fields here!

Fleming Creek, Ann Arbor Real Estate Update

Fleming Creek Real Estate Report – June 2017Fleming Creek Subdivision, Ann Arbor MI Homes

There are currently 0 homes listed for sale at Fleming Creek, an upscale neighborhood on the north side of Ann Arbor. So far this year, 2 homes have sold and last year, 3 homes sold.

Homes Sold 2017:

  • $475,000.  4725 Parkside Court, Ann Arbor. 2569 sq. ft., +702 in finished lower level, 4 bedrooms and 3.1 baths.
  • $467,000.  4822 N.Ridgeside Court, Ann Arbor. 3008 sq. ft., +2000 in finished lower level, 4 bedrooms and 3.1 baths.

Homes Sold 2016:

  • $475,000.  4993 S. Ridgeside Court, Ann Arbor. 2728 sq. ft., +880 in finished lower level, 4 bedrooms and 3.1 baths. Listed & Sold by The Bouma Group
  • $400,000.  4976 S. Ridgeside Circle, Ann Arbor. 1999 sq. ft., +680 in finished lower level, 3 bedrooms and 3.1 baths.
  • $390,000.  2400 Parkside Drive, Ann Arbor. 2001 sq. ft., +800 in finished lower level, 3 bedrooms and 4 baths.

The 3 homes sold last year have an average sale price of $421,667 and an average price per square foot of $190.00. The 2 sold this year have an ASP of $471,000, up 12%, and an A$SF of $170.00, down 10.5%. To be notified of new listings or learn more about Fleming Creek, contact the real estate specialists with The Bouma Group today at 734-761-3060 or email info@bouma.com. View more Ann Arbor Subdivisions here!

Ponds at Stonebridge, Ann Arbor Condo Report

Ponds at Stonebridge Condo Report – May 2017Ponds at Stonebridge, Ann Arbor Condos

There is currently 1 condo listed for sale at Ponds at Stonebridge and so far this year, 1 has sold. Last year, 2 sold.

Condo for Sale:

  • $329,900.  4210 Boulder Pond, Ann Arbor. 1979 sq. ft., +1000 in finished lower level, 3 bedrooms and 3 baths.

Sold Condos:

  • $321,000.  4163 Boulder Pond, Ann Arbor. 1993 sq. ft., +840 in finished lower level, 3 bedrooms and 3.1 baths.
  • $300,300.  4026 Boulder Pond, Ann Arbor. 1182 sq. ft., +1000 in finished lower level, 2 bedrooms and 3 baths.
  • $275,000.  4031 Boulder Pond, Ann Arbor. 1182 square feet with 2 bedrooms and 2 baths.

In 2015, 5 condos sold with an average sale price of $282,900 and an average price per square foot of $219.00. Values continue to trend upward with the 3 recent sales having an ASP of $298,767, up 6%, and an A$SF of $216.00, down slightly. Thinking of selling your Ponds at Stonebridge condo? Give us a call at 734-761-3060 for a market analysis and find out what it’s worth in today’s market. Looking to purchase? Search for Ann Arbor Condos here!

Eagle Ridge Condos, Ann Arbor Market Report

Eagle Ridge, Ann Arbor Condo Report – May 2017Eagle Ridge Condos, Ann Arbor Real Estate

There are currently 0 condos listed for sale at Eagle Ridge and last year, 4 condos sold.

Sold Condos:

  • $220,000.  1035 Bluestem Lane, Ann Arbor. 1372 square feet with 2 bedrooms and 2.1 baths.
  • $215,000.  2153 Pennsylvania, Ann Arbor. 1614 square feet with 3 bedrooms and 2.1 baths.
  • $203,000.  1006 Bluestem Lane, Ann Arbor. 1316 square feet with 2 bedrooms and 2.1 baths.
  • $199,900.  1051 Bluestem Lane, Ann Arbor. 1158 square feet with 2 bedrooms and 2.1 baths.

In 2015, 5 Eagle Ridge condos sold with an average sale price of $195,400 and an average price per square foot of $146.00. The 4 sold this year have an ASP of $209,475, up 7%, and an A$SF of $155.00, up 6%. To learn more about market values, new listings for sale, and amenities at Eagle Ridge, contact the real estate specialists with The Bouma Group, Realtors today at 734-761-3060 or email us at info@bouma.com. Search for Ann Arbor Condos here!

Clusters of Meadowview, Condo Market Report

Clusters of Meadowview Condo Report – April 2017Clusters of Meadowview Condos

There are currently 0 condos listed for sale at Clusters of Meadowview. So far this year, 1 condo has sold and in 2016, 3 sold.

Sold Condo 2017:

  • $152,500.  5825 Staghorn, Ypsilanti. 1408 sq. ft., +400 in finished lower level, 2 bedrooms and 1.1 baths.

Sold Condos 2016:

  • $172,000.  5780 Staghorn, Ypsilanti. 1524 square feet with 2 bedrooms and 2.1 baths. Sold over list price
  • $171,000.  5716 Staghorn, Ypsilanti. 1408 sq. ft., +536 in finished lower level, 2 bedrooms and 2.1 baths.
  • $160,000. 5731 Staghorn, Ypsilanti. 1408 sq. ft., +740 in finished lower level, 2 bedrooms and 2.1 baths. Sold over list price

The 3 condos sold in 2016 have an average sale price of $167,667 and an average price per square foot of $116.00. The condo sold this year has an ASP of $152,500 and an A$SF of $108.00. Both of these numbers are lower than the sales last year, but will hopefully rise when more sales occur. To keep up to date with new listings and sales at Clusters of Meadowview, contact the condo specialists with The Bouma Group, Realtors today at 734-761-3060 or email info@bouma.com. See more Ann Arbor Condo complexes here!

Ann Arbor Real Estate Market Update – February 2017

The Spring Real Estate Market Starts Now!

Ann Arbor Real Estate Statistics for February 2017

Due to a huge lack of listing inventory, Ann Arbor is in a strong seller’s market with a 2.5 month supply of homes for sale. This is the lowest it has been for February since long before the real estate recovery started, when it was a consistent buyer’s market. The buyer pool remains very strong with a growing job market, low interest rates, and millennials starting to purchase homes. At the end of February, there were 279 homes listed for sale compared with 313 listings last year. The lack of inventory is pushing values upward as buyers compete for listings in their price range.

The spring market is here, now is the perfect time to get your home listed for sale! With this lower than average inventory, homes in great condition are selling quicker than ever. For more information about selling or purchasing an Ann Arbor home, contact the  Ann Arbor real estate specialists at The Bouma Group today at 734-761-3060 or info@bouma.com. We have statistics for all Ann Arbor subdivisions, specific price points and more! And be sure to visit our website at www.bouma.com where you can search for homes in the Ann Arbor MLS, view information for all Ann Arbor condos,  or read our informative Ann Arbor real estate blog for buyers and sellers.Save

Arbor Heights, Ann Arbor Condo Market Report

Arbor Heights Condo Market Report – March 2017Arbor Heights Condos, Ann Arbor MI

There is currently 1 unit listed for sale at Arbor Heights and so far this year,

Condo for Sale:

  • $59,900.  4214 Packard #1, Ann Arbor. Studio condo with 432 square feet with 1 bath.

Sold Condos:

  • 63,500.  4218 Packard St., Ann Arbor. 768 square feet with 2 bedrooms and 1 bath.

Last year at Arbor Heights, 3 condos sold with an average sale price of $62,833 and an average price per square foot of $82.00.  The unit sold this year has an ASP of $63,500 and an A$SF of $83.00, both up slightly. For more information on condo life at Arbor Heights, or for immediate notification when a new listing comes to the market, contact us at The Bouma Group, Realtors today at 734-761-3060 or email info@bouma.com. View more Ann Arbor Condo complexes here!

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