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Tag Archives: Market Statistics

Ann Arbor Real Estate Report – November 2020

Increased Inventory! For Both Listings and Sales

This past November, Ann Arbor homes have seen an increase in the amount of new and sold inventory. A total of 122 homes were entered into the multiple listings service, a 6.7% increase from the 73 last year. The average listing price for these homes only increased by 3%, from $422,004 to $434,586 recently. 108 units were sold in November versus the 76 previously, a 19.5% raise. As for the average sale price, it rose by 14.8% from $442,362 to $504,694. Luckily for sellers, the average days on the market decreased a considerable 21.4% to 33 days.

Looking now at the year-to-date statistics, inventory actually saw a decline. Although only slightly down by 4.5%, the total amount of listings went from 1738 to 1659 so far in 2020. The ALP for these homes was $517,051, a 4.3% increase from the $495,819 last year. A total of 1088 properties have been sold compared to the 1173 from November at this time in the year prior, a 7.2% decline. Cumulatively, the ASP for these sold homes was $473,765, a 3.4% increase from the $458,295 before.

For any and all of your Ann Arbor housing needs, contact the real estate specialists with The Bouma Group at (734)761-3060 or email info@bouma.com. To view our current listings, click here!

Ann Arbor Real Estate Report – December 2019

Less Inventory and More Sales for Ann Arbor Homes

In the final month of 2019, Ann Arbor homes saw a considerable 33.3% decrease in the amount listings from 39 last December to 26 more recently. The average listing price rose, but only minimally from $452,492 to $462,794 now. Sellers were able to finish the year strong with 81 sold properties in December, a significant 41.2% increase from the 57 previously. As for the average sale price, it has stayed relatively stable at $433,953 versus $436,533 last December. Unfortunately for sellers, the average days on the market increased 24.4% to 56 days.

Overall the numbers rose for the year-to-date statistics. In 2018, a total of 1,458 homes were listed for sale, whereas this year 1,470 homes were added to the multiple listings service. The ALP increased by 3% from $487,432 to $501,886. 1,082 homes were sold this past year, and this is only a slight decline compared to the 1,096 before. Cumulatively, the ASP increased by 4.2%, from $438,492 to $457,930.

The Bouma Group is here to help you with all of your housing needs, whether you are looking to buy or considering selling, contact the specialists at (734)761-3060 or email info@bouma.com. To search Ann Arbor neighborhoods, click here!

Clusters of Meadowview Condo Report

Condominium Report – July 2019

Cluster of Meadowview Ann Arbor Condo Report - July 2019

Clusters of Meadowview is a smaller Ann Arbor condo with only 36 units. The brown exterior of the complex fits in nicely among the nature which is inclusive of woods and a pond. Presently, there are no condos listed for sale and 2 have been sold this year.

Condos Sold in 2019:

  • $222, 000. 5784 Staghorn Drive, Ann Arbor. 1164 sq. ft., + 575 in the finished lower level; 2 bedrooms and 3.0 baths.
  • $204,000. 5740 Staghorn Drive, Ann Arbor. 1484 sq. ft., + 600 in the finished lower level; 3 bedrooms and 2.2 baths.

Last year at Clusters of Meadowview, only 1 condo sold with a sale price of $172,700 and a price per square foot of $114.00. The two condos that have sold so far in 2019 have an average sale price of $213,000, up 23.3%, and an average price per square foot of $164.00, up a considerable 43.9%. To learn more about condo values at Cluster of Meadowview, contact the condo experts with The Bouma Group at (734)761-3060 or email info@bouma.com. Click here for more information on Ann Arbor condos!

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!