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Tag Archives: November 2020

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!

Earhart Village, Ann Arbor Condo Report

Earhart Village Condo Report – November 2020

Not only do the condos of this Ann Arbor complex have dethatched garages and basements, but residents at Earhart Village enjoy a splendid pond and clubhouse with sports course and a pool. Currently, 1 condo is listed for sale and so far this year, 17 have sold. The Bouma Group was the selling agent for one of the condos.

Condo for Sale:

  • $258,000. 891 Greenhills Drive, Ann Arbor. 1350 sq. ft., + 654 in the finished lower level; 2 bedrooms and 2.1 baths.

Condos Sold in 2020:

  • $355,000. 10004 Greenhills Drive, Ann Arbor. 2063 sq. ft., + 800 in the finished lower level; 4 bedrooms and 3.1 baths.
  • $303,000. 933 Greenhills Drive, Ann Arbor. 2063 square feet with 4 bedrooms and 2.1 baths.
  • $300,000. 863 Greenhills Drive, Ann Arbor. 1666 square feet with 2 bedrooms and 2.0 baths.
  • $295,000. 644 Greenhills Drive, Ann Arbor. 1540 sq. ft., + 500 in the finished lower level; 3 bedrooms and 2.1 baths.
  • $288,000. 830 Earhart Road, Ann Arbor. 1736 sq. ft., + 750 in the finished lower level; 3 bedrooms and 2.1 baths.
  • $284,000. 859 Greenhills Drive, Ann Arbor. 1468 sq. ft., + 450 in the finished lower level; 3 bedrooms and 2. 1 baths.
  • $277,500. 817 Greenhills Drive, Ann Arbor. 1370 square feet with 2 bedrooms and 2.1 baths.
  • $257,000. 786 Greenhills Drive, Ann Arbor. 1470 sq. ft., + 735 in the finished lower level; 2 bedrooms and 2.1 baths. Sold by The Bouma Group

For a complete list of Sold Condos at Earhart Village, contact us at (734)761-3060

Last year at Earhart Village, 6 condos sold with an average sale price of $292,667 and an average price per square foot of $176.84. The 17 condos sold so far this year have an ASP of $273,024, down 6.7%, and an A$/SF of $177.80, up minimally. For more information about the condo market at Earhart Village, contact the experts with The Bouma Group at (734)761-3060 or email info@bouma.com. Read more about Ann Arbor condos here!

Brassow Woods, Saline Real Estate Update

Brassow Woods Real Estate Report – November 2020

With only a few to choose from, each home at Brassow Woods has been designed and built with intention and care. The luxurious living at this Saline neighborhood comes with vaulted ceilings, sitting rooms, and three car garages. Currently, 1 home is listed for sale and so far this year, none have sold.

Home for Sale:

  • $479,000. 5755 Katz Farm Court, Saline. 2056 sq. ft., + 1900 in the finished lower level; 4 bedrooms and 3.1 baths.

Last year at Brassow Woods, only 1 home sold with a sale price of $575,000 and a price per square foot of $158.84. In comparison to the 1 sale in 2018, SP was up 10% from $522,500 and $/SF was up 8.% from $146.93. Because no homes have been sold this year, we can instead compare the active property; with a listing price of $479,000, down 16.7% from 2019’s SP, and a listing $/SF of $232.92, up a significant 46.6% from 2019. If you would like to know more about homes at Brassow Woods, contact the real estate experts with The Bouma Group at (734)761-3060 or email info@bouma.com. Discover more Saline homes here!

Woodland Mews, Ann Arbor Condo Report

Woodland Mews Condo Report – November 2020

Not only is Woodland Mews in a prime location, but residents are able to enjoy many things onsite too. Beautiful foliage is all throughout this Ann Arbor complex, as well as a nature area with a pond, and a clubhouse and fitness center. Currently, 3 condos are listed for sale and so far this year, 1 has sold.

Condos for Sale:

  • $319,900. 237 Fieldcrest Street, Ann Arbor. 1310 sq. ft., + 460 in the finished lower level; 2 bedrooms and 3.1 baths.
  • $247,000. 242 Fieldcrest Street, Ann Arbor. 1134 sq. ft., + 800 in the finished lower level; 2 bedrooms and 2.0 baths. Sale Pending
  • $159,900. 109 Fieldcrest Street, Ann Arbor. 834 square feet with 1 bedroom and 1.0 bath.

Condos Sold in 2020:

  • $261,000. 200 Fieldcrest Street, Ann Arbor. 1506 square feet with 3 bedrooms and 2.1 baths.

Last year at Woodland Mews, 1 condo sold for a sale price of $195,000 and a price per square foot of $129.48. The 1 condo sold so far this year has a SP of $261,000, up 33.8%, and a $/SF of $173.31, also up 33.8%. To learn more about condo values at Woodland Mews, contact the specialists with The Bouma Group at (734)761-3060 or email info@bouma.com. Read more about Ann Arbor condos here!

Gallery Park, Ann Arbor Condo Report

Gallery Park Condo Report – November 2020

While these Ann Arbor condos look traditional, they have many upscale features inside. Units at Gallery Park have fireplaces, dishwashers, personal laundry, and more. Currently, 2 condos are listed for sale and so far this year, 2 have sold.

Condos for Sale:

  • $379,000. 5512 Gallery Park Drive, Ann Arbor. 1450 sq. ft., + 1300 in the finished lower level; 3 bedrooms and 3.0 baths. Sale Pending
  • $309,000. 5507 Gallery Park Drive, Ann Arbor. 1651 sq. ft., + 800 in the finished lower level; 2 bedrooms and 3.1 baths.

Condos Sold in 2020:

  • $390,000. 5542 Gallery Park Drive, Ann Arbor. 2353 square feet with 3 bedrooms and 2.1 baths.
  • $350,000. 5605 Gallery Park Drive, Ann Arbor. 1508 square feet with 2 bedrooms and 2.0 baths.

Last year at Gallery Park, 4 condos sold with an average sale price of $378,500 and a price per square foot of $189.45. The 2 condos sold this year have an ASP of $370,000, down slightly, and an A$/SF of $198.92, up 5%. If you are interested in buying or listing a condo at Gallery Park, contact the experts with The Bouma Group at (734)761-3060 or email info@bouma.com. Read more about Ann Arbor condos here!

North Ralaric Farms, Dexter Real Estate Report

North Ralaric Farms Real Estate Report – November 2020

With a country feel, North Ralaric Farms offers 1-2 acre lots backing to natural areas. Although this Dexter subdivision offers a pastoral setting, the roads are paved and it is close to a major highway. Currently, no homes are listed for sale and so far this year, 1 has sold.

Home Sold in 2020:

  • $309,500. 4401 Lori Lynn Lane, Dexter. 1778 sq. ft., + 716 in the finished lower level; 4 bedrooms and 2.1 baths.

Last year at North Ralaric Farms, no homes were sold; however, in 2018, 2 homes sold with an average sale price of $405,000 and an average price per square foot of $177.24. The 1 home sold this year has a sale price of $309,500, down a considerable 23.6%, and a price per square foot of $174.07, up slightly. For more information about homes at North Ralaric Farms, contact the real estate specialists with The Bouma Group at (734)761-3060 or email info@bouma.com. View more Dexter homes here!

Woodside Meadows, Ann Arbor Condo Report

Woodside Meadows Condo Report – November 2020

Woodside Meadows has a great exterior where residents can relax on their patios or look out from their balconies. While this Ann Arbor complex has open floor plans, it also includes ensuite bathrooms, personal laundry units, and attached garages. Currently, 1 condo is listed for sale and so far this year, 14 have sold. The Bouma Group was the selling agent for 1 of the sold condos.

Condo for Sale:

  • $209,900. 1313 Addington Lane, Ann Arbor. 1335 square feet with 2 bedrooms and 2.0 baths. Sale Pending

North Meadows, Dexter Real Estate Report

North Meadows Real Estate Report – November 2020

The homes at North Meadows are set against a gorgeous country backdrop. This Dexter neighborhood has a variety of floor plans all situated on large lots. Currently, no homes are listed for sale and so far this year, 2 have sold.

Homes Sold in 2020:

  • $440,000. 6760 North Meadows Way, Dexter. 2754 square feet with 4 bedrooms and 2.1 baths.
  • $380,000. 6728 North Meadows Pass, Dexter. 2029 square feet with 3 bedrooms and 2.1 baths.

Last year at North Meadows subdivision, 1 home sold with a sale price of $722,500 and an price per square foot of $209.06. The 2 homes sold this year have an average SP of $410,000, down a significant 43.4%, and an average $/SF of $173.53, down 17%. If you are curious about home prices at North Meadows, contact the real estate specialists with The Bouma Group at (734)761-3060 or email info@bouma.com. View more Dexter homes here!

Clusters of Meadowview, Ann Arbor Condo Report

Clusters of Meadowview Condo Report – November 2020

With only a small number of units, this Ann Arbor condominium is intimate. Residents of Clusters of Meadowview have views of a pond from their balconies and access to natural areas. Currently, no condos are listed for sale and so far this year, 3 have sold.

Condos Sold in 2020:

  • $235,000. 5822 Staghorn Drive, Ann Arbor. 1648 sq. ft., + 624 in the finished lower level; 3 bedrooms and 3.0 baths.
  • $220,000. 5825 Staghorn Drive, Ann Arbor. 1408 sq. ft., + 400 in the finished lower level; 2 bedrooms and 1.1 baths.
  • $190,000. 5720 Staghorn Drive, Ann Arbor. 1524 sq. ft., + 595 in the finished lower level; 3 bedrooms and 3.1 baths.

Last year at Clusters of Meadowview, 2 condos sold with an average sale price of $213,000 and an average price per square foot of $164.09. The 3 condos sold this year have an ASP of $215,00, up minimally, and an A$/SF of $141.17, down 14%. For more information about condo values at Clusters of Meadowview, contact the experts with The Bouma Group at (734)761-3060 or email info@bouma.com. Read more about Ann Arbor condos here!

Hunter’s Ridge Neighborhood, Saline Real Estate Report

Hunter’s Ridge Real Estate Report – November 2020

This Saline subdivision offers owners an escape from city living while still being nearby. Homes at Hunter’s Ridge are beautiful and spacious. Currently, 2 homes are listed for sale and so far this year, none have sold. The Bouma Group is the listing agent for one of the homes.

Homes for Sale:

  • $525,000. 486 Hunters Ridge Road, Saline. 2902 sq. ft., + 900 in the finished lower level; 4 bedrooms and 3.1 baths. Listed by The Bouma Group
  • $449,000. 312 Hunters Ridge Road, Saline. 2490 sq. ft., + 1300 in the finished lower level; 4 bedrooms and 3.1 baths.

Last year at Hunter’s Ridge, 2 homes sold last year for an average sale price of $454,500 and an average price per square foot of $168.39. No homes have been sold in 2020 thus far, but the 2 homes that are currently for sale have an average listing price of $487,000, up 7.2%, and an average price per square foot of $180.62, up 7.3%. If you are interested in learning more about Hunter’s Ridge, contact the real estate specialists with The Bouma Group at (734)761-3060 or email info@bouma.com. Discover more Saline homes here!