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Tag Archives: may 2021

Ann Arbor Real Estate Report – May 2021

Homes are Selling Quickly in Ann Arbor

In May, listings have decreased, sales have increased, and the average days on the market declined by 53.8% to only 12 day for Ann Arbor homes. 186 properties were listed this past month, which was a 20.2% difference from the 233 the prior May. Sellers will be pleased to know that there was a 134.5% increase in sold homes, from 55 to 129 recently. Moreover, the average sale price increased to $542,980 versus the ASP of $496,37 previously, a 9.5% rise. There are currently 153 active listings, which is a 64.7% decrease from last May.

The year-to-date statistics did not see any drastic changes. In fact, the amount of entered listings only increased marginally from 717 last year at this time to 723 now. A total of 497 homes have been sold so far this year compared to the 340 before, showing a 46.2% rise. Cumulatively, the ASP has come to $523,699, which is a 15.2% increase from the ASP of $454,780 earlier.

The Bouma Group has extensive knowledge on the Ann Arbor housing market, so reach out to us at (734)761-3060 or email info@bouma.com for any of your questions. Browse our current listings here!

Kelli Meadows, Saline Neighborhood Report

Kelli Meadows Market Update – May 2021

At Kelli Meadows, homes tend to be larger and are situated on lots with trees. While the atmosphere at this Saline subdivision is definitely one of peace, the downtown is only a short commute away. There are no active listings and so far this year, 1 home has sold.

Home Sold in 2021:

  • $745,000. 9166 Baron Court, Saline. 5278 sq. ft., + 2212 in the finished lower level; 5 bedrooms and 5.1 baths.

Last year at Kelli Meadows, 2 homes sold with an average sale price of $422,450 and an average price per square foot of $157.69. The 1 home sold thus far in 2021 has a SP of $745,000, up a sizable 76.4%, and a $/SF of $141.15, down 10.5%; the difference in directions between the SP and $/SF is due to the high amount of square footage in the recent sale. For more information about the home values at Kelli Meadows, contact the real estate experts with The Bouma Group at (734)761-3060 or email info@bouma.com. View more Saline homes here!

Arbor Chase, Ann Arbor Condo Report

Arbor Chase Market Update – May 2021

While the outside may appear simple yet modern, the units at this Ann Arbor condo have a multitude of ritzy features. Residents at Arbor Chase enjoy private entrances, in-home offices, personal laundry, and garages. There are 5 active listings and so far this year, 4 condos have sold. The Bouma Group is the listing agent for 1 of the condos.

Condos for Sale:

  • $335,000. 5608 Arbor Chase Drive, Ann Arbor. 1564 square feet with 2 bedrooms and 2.1 baths. Listed by The Bouma Group
  • $329,000. 5518 Arbor Chase Drive, Ann Arbor. 1540 square feet with 2 bedrooms and 2.1 baths.
  • $329,000. 5641 Arbor Chase Drive, Ann Arbor. 1540 square feet with 2 bedrooms and 2.1 baths.
  • $325,900. 5602 Arbor Chase Drive, Ann Arbor. 1520 square feet with 2 bedrooms and 2.1 baths.
  • $317,900. 5549 Arbor Chase Drive, Ann Arbor. 1300 square feet with 2 bedrooms and 2.0 baths.

Condos Sold in 2021:

  • $325,000. 5633 Arbor Chase Drive, Ann Arbor. 1520 square feet with 2 bedrooms and 2.1 baths.
  • $305,000. 5516 Arbor Chase Drive, Ann Arbor. 1520 square feet with 2 bedrooms and 2.1 baths.
  • $284,000. 5551 Arbor Chase Drive, Ann Arbor. 1319 square feet with 2 bedrooms and 2.0 baths.
  • $270,000. 5660 Arbor Chase Drive, Ann Arbor. 1290 square feet with 2 bedrooms and 2.0 baths.

Last year at Arbor Chase, 6 condos sold with an average sale price of $281,250 and an average price per square foot of $183.75. The 4 condos sold thus far in 2021 have an ASP of $296,000, up 5.2%, and an A$/SF of $209.77, up 14.2%. To learn more about the condos at Arbor Chase, contact the condo specialists with The Bouma Group at (734)761-3060 or email info@bouma.com. Discover more Ann Arbor condos here!

The Preserve of Dexter Neighborhood Report

The Preserve of Dexter Market Update – May 2021

The homes at The Preserve of Dexter are gorgeous because although each property has their own curb appeal, a consistent style is maintained throughout the subdivision. Not only are the lots immaculate, but this Dexter neighborhood also includes landscaped ponds and other nature areas. There is 1 active listing and so far this year, 5 homes have sold.

Home for Sale:

  • $748,556. 4538 Lake Vista Drive, Dexter. 3300 square feet with 4 bedrooms and 3.1 baths. Sale Pending

Homes Sold in 2021:

  • $1,225,000. 4469 Lake Vista Drive, Dexter. 3067 sq. ft., + 2650 in the finished lower level; 4 bedrooms and 3.2 baths.
  • $859,825. 3569 Preserve Drive, Dexter. 4350 sq. ft., + 1346 in the finished lower level; 4 bedrooms and 4.1 baths.
  • $859,000. 3821 Preserve Drive, Dexter. 3551 sq. ft., + 1807 in the finished lower level; 4 bedrooms and 3.2 baths.
  • $690,000. 4525 Lake Vista Drive, Dexter. 2809 sq. ft., + 1100 in the finished lower level; 4 bedrooms and 3.2 baths.
  • $599,900. 4454 Lake Vista Drive, Dexter. 3193 square feet with 4 bedrooms and 3.1 baths.

Last year at The Preserve of Dexter, 6 homes sold with an average sale price of $833,583 and an average price per square foot of $238.41. The 5 homes sold thus far in 2021 have an ASP of $846,745, up slightly, and an A$/SF of $254.50, up 6.8%. For more information about the homes at The Preserve of Dexter, contact the real estate experts with The Bouma Group at (734)761-3060 or email info@bouma.com. Discover more Dexter homes here!

Lakewood, Ann Arbor Neighborhood Report

Lakewood Market Update – May 2021

This Ann Arbor subdivision is absolutely charming. The homes at Lakewood are cozy and have character, and each is nestled on its lot with mature foliage. There are no active listings and so far this year, 1 home has sold.

Home Sold in 2021:

  • $350,000. 115 Gralake Avenue, Ann Arbor. 1403 square feet with 2 bedrooms and 2.0 baths.

Last year at Lakewood, 12 homes sold with an average sale price of $316,273 and an average price per square foot of $252.95. The 1 home sold thus far has a SP of $350,000, up 10.7%, and a $/SF of $249.47, down slightly. If you are interested in learning more about Lakewood, then contact the real estate specialists with The Bouma Group at (734)761-3060 or email info@bouma.com. Browse more Ann Arbor homes here!

Riverwood, Ann Arbor Neighborhood Report

Riverwood Market Update – May 2021

Set among a tranquil and natural setting, this Ann Arbor subdivision is great for those looking for calm retreat. The easy-going lifestyle is continued at Riverwood as schools are also within walking distance for children. There are no active listings and so far this year, 4 homes have sold.

Homes Sold in 2021:

  • $609,000. 2130 Springwood Court, Ann Arbor. 2464 sq. ft., + 1200 in the finished lower level; 4 bedrooms and 3.1 baths.
  • $585,000. 1700 Timber Trail, Ann Arbor. 2525 sq. ft., + 800 in the finished lower level; 4 bedrooms and 2.1 baths.
  • $529,000. 1780 Riverwood Drive, Ann Arbor. 2760 sq. ft., + 1300 in the finished lower level; 4 bedrooms and 3.1 baths.
  • $520,000. 1880 Timber Trail, Ann Arbor. 2673 square feet with 4 bedrooms and 2.1 baths.

Last year at Riverwood, 4 homes sold with an average sale price of $505,00 and an average price per square foot of $191.94. The 4 homes sold thus far in 2021 have an ASP of $560,750, up 11%, and an A$/SF of $216.26, up 12.7%. To learn more about homes at Riverwood, contact the real estate experts with The Bouma Group at (734)761-3060 or email info@bouma.com. Find more Ann Arbor homes here!

Sloan Plaza Condo, Ann Arbor Report

Sloan Plaza Market Update – May 2021

Sloan Plaza is an impressive building located right in the downtown. This Ann Arbor condominium also includes premium features within like covered parking and a doorperson to greet you. There are 3 active listings and so far this year, no condos have sold.

Condos for Sale:

  • $1,325,000. Unit #201, 505 East Huron Street, Ann Arbor. 2095 square feet with 2 bedrooms and 2.0 baths.
  • $850,000. Unit #307, 505 East Huron Street, Ann Arbor. 1673 square feet with 2 bedrooms and 2.0 baths.
  • $650,000. Unit #504, 505 East Huron Street, Ann Arbor. 1373 square feet with 2 bedrooms and 2.0 baths.

Last year at Sloan Plaza, 2 condos sold with an average sale price of $627,500 and an average price per square foot of $419.60. In comparison to the sales in 2019 there was a 14.2% increase in the ASP from $549,700, and a 12.5% rise in the A$/SF from $372.98. If the 3 current listings sell at their average asking price of $941,667, there would a significant 50.1% increase from 2020, and the A$/SF of $537.98 would demonstrate a 28.2% rise from 2020. For more information about condo values at Sloan Plaza, contact the real estate specialists with The Bouma Group at (734)761-3060 or email info@bouma.com. Find more Ann Arbor condos here!

Pheasant Ridge, Canton Neighborhood Report

Pheasant Ridge Market Update – May 2021

Properties at this Canton subdivision are nothing short of extravagant, they are situated on large lots and have high square footage. Some of the homes have 3-car garages, while other upscale features at Pheasant Ridge include hardwood flooring, fireplaces, and more. There is 1 active listing and so far this year, 2 homes have sold.

Home for Sale:

  • $569,900. 7291 Andover, Canton. 3148 square feet with 4 bedrooms and 2.1 baths.

Homes Sold in 2021:

  • $672,000. 7416 Andover Drive, Canton. 3474 sq. ft., + 1922 in the finished lower level; 4 bedrooms and 2.1 baths.
  • $650,000. 49196 Andover Court, Canton. 3788 sq. ft., + 2100 in the finished lower level; 5 bedrooms and 4.1 baths.

Last year at Pheasant Ridge, 2 homes sold with an average sale price of $654,588 and an average price per square foot of $182.99. The 2 homes sold thus far in 2021 have an ASP of $661,000, up slightly, and an A$/SF of $182.52, down minimally. To learn more about the homes at Pheasant Ridge, contact the real estate experts with The Bouma Group at (734)761-3060 or email info@bouma.com. Browse more Canton homes here!

Westridge of Dexter Neighborhood Report

Westridge of Dexter Market Update – May 2021

The mall, library, and parks are all easily accessible via the bridge at Westridge of Dexter. Furthermore, this Dexter neighborhood has illuminated sidewalks throughout, making it very suitable for families. There are 8 active listings and so far this year, 1 home has sold.

Homes for Sale:

  • $498,000. 8560 Parkridge Drive, Dexter. 2595 sq. ft., + 1000 in the finished lower level; 4 bedrooms and 3.1 baths.
  • $476,545. 3204 Eastridge Drive, Dexter. 2580 square feet with 4 bedrooms and 2.1 baths.
  • $464,345. 8200 Bridgeway Drive, Dexter. 2580 square feet with 4 bedrooms and 2.1 baths. Sale Pending
  • $459,295. 3224 Eastridge Drive, Dexter. 2548 square feet with 4 bedrooms and 2.1 baths.
  • $450,000. 4655 West Loch Alpine Drive, Dexter. 2610 square feet with 4 bedrooms and 2.1 baths. Sale Pending
  • $444,595. 8448 Parkridge Drive, Dexter. 2548 square feet with 4 bedrooms and 2.1 baths. Sale Pending
  • $425,000. 8206 Webster Drive, Dexter. 2027 sq. ft., + 850 in the finished lower level; 4 bedrooms and 3.1 baths. Sale Pending
  • $420,000. 3218 Boulder Court, Dexter. 2109 square feet with 4 bedrooms and 2.1 baths. Sale Pending

Home Sold in 2021:

  • $390,000. 3231 Boulder Court, Dexter. 1676 sq. ft., + 800 in the finished lower level; 3 bedrooms and 2.2 baths.

Last year at Westridge of Dexter, 3 homes sold with an average sale price of $410,000 and an average price per square foot of $176.92. The 1 home sold thus far in 2021 have a SP of $390,000, down 4.9%, and a $/SF of $232.70, up 31.5%. If you are curious about the housing market at Westridge of Dexter, then contact the real estate specialists with The Bouma Group at (734)761-3060 or email info@bouma.com. Discover more Dexter homes here!

Dhu Varren on the Park, Ann Arbor Neighborhood Report

Dhu Varren on the Park Market Update – May 2021

If you are looking for chic and classy homes, Dhu Varren on the Park is the place for you. This Ann Arbor subdivision has parks and natural areas within walking distance too. There are no active listings and so far this year, 1 home has sold.

Home Sold in 2021:

  • $487,300. 2927 Leslie Park Circle, Ann Arbor. 1969 sq. ft., + 850 in the finished lower level; 3 bedrooms and 2.1 baths.

Last year at Dhu Varren on the Park, 3 homes sold with an average sale price of $459,333 and an average price per square foot of $197.01. The 1 home sold thus far in 2021 has a SP of 487,300, up 6.1%, and a $/SF of $247.49, up a considerable 25.6%. For more information about the homes at Dhu Varren on the Park, contact the real estate experts with The Bouma Group at (734)761-3060 or email info@bouma.com. View more Ann Arbor homes here!