Condominium Report – July 2019
As one of Ann Arbor’s more economical complexes, Creekwood is homey both inside and outside. The units have features such as balconies and fireplaces, among other bonuses. Presently, there are 2 condos listed for sale and 1 has been sold this year.
Condos for Sale:
- $189,900. 3005 Fernwood Avenue, Unit #201, Ann Arbor. 930 square feet with 2 bedrooms and 2.0 baths.
- $174,900. 3001 Fernwood Avenue, Unit #104, Ann Arbor. 970 square feet with 2 bedrooms and 2.0 baths.
Condo Sold in 2019:
- $169,900. 3005 Fernwood Avenue, Unit #101, Ann Arbor. 930 square feet with 2 bedrooms and 2.0 baths. Listed and Sold by The Bouma Group.
Last year at Creekwood, only 1 condo sold with a sale price of $158,500 and a price per square foot of $159.00. The 1 condo that has sold so far in 2019 had a sale price of $169,900, up 7.2%, and a price per square foot of $183.00, up 15.1%. As listing prices for the active condos are also higher, an upwards trend for prices at this condominium may be likely. To learn more about condo values at Creekwood, contact the condo experts with The Bouma Group at (734)761-3060 or email firstname.lastname@example.org. For more information on Ann Arbor condos, check here!
Ann Arbor Condo Sales Continue to Climb
Ann Arbor Condo sales continue to climb with 673 condos sold in the last 12 months. This is up 16% over last May and up 25% over May 2012. It also remains an overall seller’s market with a 4.5 months supply of condos available. Rising values are allowing most condo owners to be able to sell when they were previously under water in their mortgage. More inventory and buyer confidence is helping to make the condo market come back stronger than ever.
Thinking of selling your Ann Arbor Condo? Here at The Bouma Group, we’ve been the top condo seller for more than 15 years and know the market and each complex better than anyone! Call us today at 734-761-3060 or email email@example.com to find out what your condo is worth and how you can benefit from our knowledge, experience, and top notch marketing.
Ann Arbor Needs Condo Listings!
Ann Arbor Condo sales finish off the year strong with 586 closed listings recorded from December 2012 – December 2013. However, listing inventory continues to decline with only 112 condos listed for sale, the lowest level for the year. Compared with December 2012, listings are down 17%, and when compared with December 2011, listings are down 46%. All price ranges are in a seller’s market, with the overall condo market at a 2.3 months supply of units available. The $500k – $1M price range had 4 closed sales in December and is now in a seller’s market for the first time this year.
Sales have remained steady throughout the year, despite the lack of inventory. This is an indication that there are a large amount of condo buyers out there, even though interest rates have gone up slightly. What does this mean for an Ann Arbor condo seller? This is the perfect time to list your condo for sale! Avoid the competition and don’t wait for the busier spring market, as a lot of sellers are doing. To find out what your unit is worth in today’s market, contact us at The Bouma Group at 734-761-3060 or firstname.lastname@example.org. We’ve been Ann Arbor’s #1 seller of condos for the past 16 years and know the market better than any other Realtor!
Record September Sales for Ann Arbor Condos
The Ann Arbor Condo market saw record sales in September, for the past 7 years that we’ve been tracking, with 593 units sold in the past 12 months. Listing inventory has been declining and is down 25% since the peak in May. Overall, Ann Arbor is in a seller’s market with a 3.8 months supply of units available, and under $400k it remains a very strong seller’s market. We also saw the demand for condo rentals slow way down as the summer came to a close.
What a great time to get your condo listed for sale! Don’t wait until after the holidays and increased inventory, call us today at 734-761-3060 or email email@example.com for an analysis of your condos value, it’s probably worth more than you think! Looking to purchase? View Ann Arbor condo complexes here!