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Tag Archives: Market Statistics

Saline Real Estate Market Update – 3rd Quarter 2017

Saline Home Sale Prices Up 7%

Saline Real Estate Statistics for 3rd Quarter

The Saline Real Estate market finishes off the third quarter in a slight seller’s market with a 4.7 month supply of homes available for sale. This is especially evident in the under $500,000 range with all price points in a seller’s market. This changes over $500,000 with a large amount of homes for sale in each category with a high month supply. Year-to-date, fewer homes have been listed and sold which is driving the average sale price up. At the end of September, 346 homes were listed, compared with 404 the same time last year. 257 homes have sold compared with 278 and the average Saline home sale price has increased 7%, going from $367,348 in 2016 to $394,763.

For sellers, this is a great time to get your home listed for sale! Inventory is low and sale prices keep rising. Want to know what your home is worth? Contact us at The Bouma Group, Realtors at 734-761-3060 or email info@bouma.com and find out! See what is happening in your particular Saline neighborhood or search for homes here!

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Saline Real Estate Market Update for 4th Quarter 2016

Saline Real Estate in Seller’s Market

Saline Real Estate Statistics for the Fourth Quarter of 2016

The Saline Real Estate market ended the year in basically the same way it ended 2015. According to the Ann Arbor Area Board of Realtors, the number of homes sold in Saline increased slightly from 357 in 2015 to 362 in 2016. The average sale price of these homes decreased just slightly from $366,998 to $366,265 with the average days on the market decreasing by 5 days overall. The number of new listings is following the same trend as all of Washtenaw County and decreased 4% with 477 homes listed. It is currently a seller’s market in Saline with an overall 3.6 month supply of homes listed for sale.

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Bridgefield Estates, Ann Arbor Subdivision Report

Bridgefield Estates Real Estate Report – February 2017Bridgefield Estates Subdivision, Ann Arbor MI Neighborhood in Pittsfield Township

There are currently 0 homes listed for sale at Bridgefield Estates and last year, 3 homes sold.

Sold Homes:

  • $313,531.  3116 Bridgefield Dr., Ann Arbor. 2414 square feet with 4 bedrooms and 2.1 baths.
  • $285,000.  3191 Crimson Court, Ann Arbor. 2407 square feet with 4 bedrooms and 2.1 baths.
  • $239,000.  3031 Rosefield Dr., Ann Arbor. 1955 square feet with 3 bedrooms and 2.1 baths.

In 2015 at Bridgfield Estates, just 1 home sold with a sale price of $230,000 and average price per square foot of $97.00. This particular home was a short sale and sold for below the neighborhood average. The 3 homes sold in 2016 had an average sale price of $279,177 and A$SF of $124.00. View more information, market statistics, current listings and more for Bridgefield Estates here and if you have any questions about this Ann Arbor subdivision, contact us at The Bouma Group, Realtors today at 734-761-3060 or email info@bouma.com.

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Walnut Ridge, Ann Arbor Real Estate Report

Walnut Ridge Real Estate Report – June 2016Walnut Ridge Luxury Subdivision, Ann Arbor MI Neighborhood

Walnut Ridge has seen steady sales for the last few years with 4 homes selling per year. There are currently 0 homes listed for sale, and since the beginning of last year, 5 have sold – 4 in 2015 and 1 so far this year.

Sold Homes:

  • $1,150,000.  2754 Whispering Woods, Ann Arbor. 4421 sq. ft., +2228 in finished lower level, 7 bedrooms and 5.1 baths.
  • $852,500.  2242 Gray Fox Ct., Ann Arbor. 3920 square feet with 4 bedrooms and 3.1 baths.
  • $847,500.  2599 Timber Hill, Ann Arbor. 3988 sq. ft., +1915 in finished lower level, 4 bedrooms and 4.1 baths.
  • $760,000.  2087 Whispering Woods, Ann Arbor. 4076 square feet with 4 bedrooms and 3.1 baths. Listed by The Bouma Group
  • $750,000.  2951 Walnut Ridge, Ann Arbor. 3758 square feet with 4 bedrooms and 3.1 baths. Sold by The Bouma Group

In 2015, the 4 homes that sold in Walnut Ridge had an average sale price of $902,500 and an average price per square foot of $219.00. The 1 home that has sold so far this year had a sale price of $750,000 and A$SF of $200.00. As the year moves along and more homes sell, those numbers will change. Be sure to check the Walnut Ridge subdivision page to keep up with the latest statistics and if you have any questions about home values, contact us at The Bouma Group at 734-761-3060 or email info@bouma.com!

Dexter Real Estate Market Update – December 2013

Strong Sales at Year’s End for Dexter Real Estate

Dexter Real Estate Market Statistics for December 2013
While inventory continues to shrink, as the year comes to an end, Dexter Real Estate sales remain high. When looking at homes sold for the past 12 months, December is tied with November at 338 sales. When compared with December 2012, home sales are up 19% and when compared with December 2011, sales are up 38%. The number of homes listed for sale has increased slightly, 16% over last December, which is a good indication of rising values, allowing homeowners that were previously upside down in their mortgages to sell. Higher sales and lowered inventory has helped keep Dexter in a seller’s market with a 4.5 months supply of homes listed for sale.

The spring market is right around the corner, the best time to sell! Contact us today at 734-761-3060 or info@bouma.com for more information about your home’s value. The Bouma Group, Realtors have been selling Washtenaw County Real Estate for almost 30 years and sell more homes than anyone!

Ann Arbor Condo Market Update – August 2013

Ann Arbor Condo Inventory Down 22%

Ann Arbor Condo Statistics for August 2013
When compared with the high for the year of 249 condos listed for sale in May 2013, listing inventory is down by 22% with 194 units. Even with tapering inventory, buyer sales have remained steady. What does this mean for condo sellers? With less competition in the marketplace, it’s still a great time to get your unit listed. Here at The Bouma Group, in most cases we’ve been experiencing our condo listings selling in a matter of days and often over asking price. It is currently a Seller’s Market with a 4 month supply of condos available.

We’ve been Ann Arbor’s leading condo seller for 15 years and know this market inside and out. So if you’ve been thinking of selling your condo, contact us for a market analysis today at 734-761-3060 or info@bouma.com. Condo values have been rising and we have the knowledge, marketing, and negotiating skills to get you the best price in the shortest amount of time. Thinking of purchasing a condo? Check out Ann Arbor Condo complexes here!

Ann Arbor Real Estate Update – August 2013

Ann Arbor Real Estate Stays Strong and Steady

Ann Arbor Real Estate Statistics for August 2013
As the summer market begins to wind down in August, with the last of the summer vacations and preparing for the new school year, Ann Arbor listing inventory and home sales slow a bit from last month. But when compared with this time last year, both inventory and sales are up slightly. The under $400,000 price range remains in a seller’s market with the overall market just shy of a balanced market with a 4.9 month supply of homes available.

Last fall, and through the winter months, we saw a steady decrease in inventory and a steady increase in sales. This left the market in need of homes for sale to keep up with buyer demand, which in turn helped values to rise. We are now seeing the market balance out and will continue to keep a close eye on trends as the year continues. Be sure to check back here each month for an update for Ann Arbor Real Estate, Ann Arbor Condos, Dexter Real Estate, and Saline Real Estate as we track each month’s statistics. To learn more about home values in your specific neighborhood or what your home is worth, contact the specialists with The Bouma Group at 734-761-3060 or info@bouma.com today!

Lake Forest, Ann Arbor Real Estate Market Update

Ann Arbor Real Estate Market Update – May 2013Lake Forest, Ann Arbor Real Estate Photo of Home

There are currently 2 homes listed for sale at Lake Forest subdivision, Ann Arbor, and in 2012, 8 homes sold. 0 have sold so far this year.

Homes for Sale:

  • 2259 Woodview, Ann Arbor. $550,000.  3361 square feet with 3 bedrooms and 2.1 baths. Sale Pending
  • 4183 Westbrook, Ann Arbor. $365,000.  1860 sq. ft. +1500 in finished lower level, 3 bedrooms, 3.1 baths. Sale Pending

Sold Homes:

  • 4144 W. Lake Forest, Ann Arbor.  $587,000.  3270 sq. ft. +1735 in finished lower level, 5 bedrooms, 4.1 baths.
  • 4290 E. Lake Forest, Ann Arbor.  $415,000.  2216 sq. ft. +1150 in finished lower level, 4 bedrooms, 3.1 baths.
  • 4477 W. Lake Forest, Ann Arbor. $390,000.  3051 square feet with 4 bedrooms, 2.1 baths. Sold by The Bouma Group
  • 2161 Orchardview, Ann Arbor.  $349,900.  2026 sq. ft. +1500 in finished lower level, 4 bedrooms, 2.2 baths. Listed by The Bouma Group
  • 4151 Westbrook Dr, Ann Arbor.  $329,000. 2176 sq. ft. +800 in finished lower level, 4 bedrooms, 3.1 baths.
  • 4289 Spring Lake, Ann Arbor.  $318,000. 2000 sq. ft. +1000 in finished lower level, 4 bedrooms, 2.1 baths.
  • 4095 Spring Lake, Ann Arbor. $288,500. 1977 sq. ft. +400 in finished lower level, 3 bedrooms, 2.1 baths.
  • 4149 Spring Lake, Ann Arbor. $235,000.  2200 square feet with 4 bedrooms, 2.1 baths.  Short Sale

The 8 homes that sold in 2012 had an average sale price of $364,040 and an average price per square foot of $154.00. The ASP was down a bit from 2011, but this is typical in a neighborhood of homes with a broad price range. The APSF was up, which is a better indication of value, showing that prices are stabilizing and beginning to rise. For more information on Ann Arbor Real Estate values, please contact us at The Bouma Group at 734-761-3060 or email info@bouma.com. Take a look at all of our Featured Properties here!

Ann Arbor Real Estate Market Update – March 2013

The Ann Arbor Real Estate Spring Market Has Sprung!

Ann Arbor Real Estate Statistics for March 2013

As the Ann Arbor Real Estate market heads into spring, we are seeing a much needed increase in inventory. The amount of homes listed for sale at the end of March was up 23%, when compared with the end of February, with the amount of homes under contract up 36%. The pace of homes selling continues to be strong and as a whole, Ann Arbor remains in a seller’s market with a 4.4 month supply of homes available for sale.

Properties in great condition and that show well are selling very quickly, in some cases in the first day with multiple offers. If you have been considering selling your home, don’t wait, the time is now. Even if you think you may be upside down in your mortgage, with the recent price increases in Washtenaw County, your home may be worth a lot more than you think! For more information on the current market conditions or to find out what your home is worth, contact the Ann Arbor Real Estate specialists with The Bouma Group at 734-761-3060 or info@bouma.com. See our sellers marketing plan here!

Saline Real Estate Market Update – February 2013

A Balanced Market for Saline Real Estate

Saline Real Estate Market Statistics for February 2013

As inventory continues to increase and buyer sales level out, Saline Real Estate remains in a balanced market with a 6 month supply of homes on the market. The under $200k range remains hot and in a seller’s market, with the $500k and over range in a buyer’s market. As spring moves in, we will see inventory continue to grow and as a result, sales will climb as well.

With historically low interest rates still in place and a strong pool of home buyers, we expect a very busy spring real estate market! If you’re considering listing your home for sale, contact us for a free market analysis of your home! It may be worth a lot more than you think! To find out more about real estate values in Saline, give The Bouma Group a call today at 734-761-3060 or info@bouma.com.