Ann Arbor Real Estate Report – February 2017
There are currently 0 homes listed for sale at the luxurious Arbor Hills subdivision. In 2015, 2 homes sold and in in 2016, 1 home sold.
Home Sold in 2016:
- $875,000. 3578 Northbrooke, Superior Twp. 6096 square feet with 6 bedrooms and 5.1 baths.
Homes Sold in 2015:
- $975,000. 3616 Northbrooke, Superior Twp. 6005 square feet with 5 bedrooms and 5.2 baths.
- $845,000. 3593 Northbrooke, Superior Twp. 5183 square feet with 4 bedrooms and 4.1 baths.
In 2015, the 2 homes sold had an average sale price of $910,000 and an average price per square foot of $163.00. The 1 home that sold in 2016 had an average sale price of $875,000, down 4%, and an average price per square foot of $144.00, down 12%. For more information on home sales and values at Arbor Hills, contact us at The Bouma Group, Realtors at 734-761-3060 or email firstname.lastname@example.org. View more Ann Arbor Neighborhoods here!
Ann Arbor Real Estate Update – November 2016
Home values continue to rise at Crystal Creek subdivision. There are currently 2 homes listed for sale and so far this year, 8 have sold.
Homes for Sale:
- $295,000. 4264 Woodstream Drive. 2184 square feet with 4 bedrooms and 2.1 baths.
- $240,000. 4425 Woodstream Drive. 1708 square feet with 3 bedrooms and 2.1 baths. Sale Pending
- $290,000. 4154 Crystal Creek. 2202 square feet with 3 bedrooms and 2.1 baths.
- $285,000. 4380 Woodstream Drive. 2352 sq. ft., +1587 in finished lower level, 4 bedrooms and 3.1 baths.
Now is the Time to List Your Ann Arbor Home
Ann Arbor remains in a seller’s market with a 2.8 month supply of homes listed for sale. Listing inventory is beginning to rise and sales are very strong. This is the beginning of what is going to be a hot spring market. Home inventory will only continue to increase over the next few months, so now is the time to get listed before the competition gets tougher.
Thinking of listing your home, but not sure what it’s worth in today’s market? Get a free market analysis here or give us a call at 734-761-3060 to learn more about home values in your Ann Arbor neighborhood.
Year Ends in Strong Seller’s Market for Ann Arbor
Ann Arbor Real Estate ended the year in a strong seller’s market with a 2.6 month supply of homes listed for sale. Inventory continues to dwindle, as it typically does this time of year, but it is at its lowest point in quite a few years. All price points have a relatively low month supply, even the higher price points. Sales remain steady and were up 12.5 percent compared to a year ago. According to the Ann Arbor Area Board of Realtors, The Ann Arbor area was a real estate hot spot in 2015, making the top 20 list for hottest real estate markets in the United States.
This huge lack of inventory makes this the best time to get your home listed for sale! Don’t wait for the spring market to get here, buyers are out there now and are scooping up great houses in record time. Call us today at The Bouma Group for a market analysis of your home – it’s quite possibly worth a lot more than you think! 734-761-3060 or email@example.com.
Home Sales Increase While Listings Decrease
When compared with September 2014, Ann Arbor home sales, for the past 12 months, increased by 14.5%. New listings actually decreased slightly, keeping Ann Arbor in a seller’s market with an overall 4 month supply of homes available. There are 74 homes for sale over $800,000 and with much lower sales, this price point remains in a strong buyer’s market. September typically marks the slow down for real estate after the busier summer selling season. We will continue to monitor the market and keep you posted of the latest trends.
Even though the market slows down this time of year, it doesn’t stop! Buyers and sellers alike are more focused and determined. There is still time to get into a new home by the holidays! Start now with our state-of-the-art real estate search and start your journey to a new home. Thinking of selling? Get a comparative market analysis and find out what your home is worth and what The Bouma Group can do for you to get it sold. To learn more about our service for home sellers and buyers, contact us today at 734-761-3060 or email firstname.lastname@example.org.
In view of the recent Goldman-Sachs allegations and other Wall Street shenanigans, I thought you might enjoy this post that has been making the rounds of internet blogs and emails for the past couple years.
How Deriviatives Work
An Easily Understandable Explanation of Derivative Markets
Heidi is the proprietor of a bar in Detroit. She realizes that virtually all of her customers are unemployed alcoholics and, as such, can no longer afford to patronize her bar. To solve this problem, she comes up with new marketing plan that allows her customers to drink now, but pay later. She keeps track of the drinks consumed on a ledger (thereby granting the customers loans).
Word gets around about Heidi’s “drink now, pay later” marketing strategy and, as a result, increasing numbers of customers flood into Heidi’s bar. Soon she has thelargest sales volume for any bar in Detroit by providing her customer’s freedom from immediate payment demands.
Heidi gets no resistance when, at regular intervals, she substantially increases her prices for wine and beer, the most consumed beverages. Consequently, Heidi’s gross sales volume increases massively.
How the end of federal programs affects the Ann Arbor real estate market.
With the federal tax credits for home buyers winding down, last week also saw news of the federal government ending their year-long support of the mortgage industry. This government backing helped banks keep mortgage rates at or near historic lows, allowing many first-time home buyers a chance to buy their dream home and existing home owners a chance to refinance or move into a new home.
So what does this mean for Ann Arbor home buyers?
Saavy house hunters in Ann Arbor can still combine low mortgage rates and the federal tax credit program to get them into the house or condo of their dreams! But time truly is of the essence. Federal support for the mortgage industry is slated to wind down at the end of March…at which point interest rates may start to climb again.
Over the past several months, we’ve been receiving more and more calls from home owners wanting to shrink their living standards, including their Ann Arbor homes. Of course in the supply and demand scenario, if there are more people wanting to downsize than people who want to upsize, you run into a situation where the supply exceeds the demand and that places a lot of pressure on home prices.