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Tag Archives: Real Estate Statistics

Ann Arbor Real Estate Report – August 2020

Sold Homes in Ann Arbor Remain Stable

Ann Arbor Real Estate Report - Aug 2020

Overall, Ann Arbor homes experienced fairly consistent statistics this August compared to last year’s. There were a total of 129 homes entered into the multiple listings service, a 12.2% decline from the 147 previously. As for the average listing price, it increased 10.3% from $453,907 to $500,484 this past month. 113 properties were sold in August, and this is a minimal decrease from the 114 before. The average days on the market was 28, which is less than a month’s time, and the previous August’s 30 average DOM – down 6.7%.

Since the start of the year, 1013 homes have been listed for sale and this is a 13.6% decline from the 1173 homes at this time last year. The ALP is $505,357 cumulatively, compared the August prior of $494,486 – a slight increase. The inventory of sold homes has declined 12.2%, 743 homes versus 652 so far this year. Thus far, the ASP for homes in 2020 is $454,112, a small rise from $449,731 previously.

The Realtors with The Bouma Group understand the Ann Arbor housing market well, and are here to help with all of your questions. Contact us at (734)761-3060 or email info@bouma.com to learn more! Search for your next potential home here!

Ann Arbor Real Estate Report – July 2020

Consistent Sales Compared to the Previous July

Ann Arbor Real Estate Report - July 2020

Luckily for Ann Arbor sellers, the number of sales this July was similar to that of last July’s, a total of 148 homes were sold versus the 149 prior, a minimal decrease. The amount of listings that entered the market was a greater difference however, from 191 to 164 recently, making a 14.1% decline. There was an 8.8% increase in the average listing price, $484,466 versus $527,078. As well, the average selling price saw an increase, from $450,120 in July 2019 to $481,242, a rise of 6.9%. Although the amount of sold homes is good news for sellers, unfortunately the average number of days on the market is not – there was a 45.8% increase to 35 days.

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Ann Arbor Real Estate Report – June 2020

Comparable Listing Prices but Less Inventory for Ann Arbor Homes

Although their is some uncertainty about the future of the housing market, the average listing price for Ann Arbor homes in June, $508,749, is comparable to that of last June, $507,887. This past month a total of 137 homes were added to the multiple listings service, only a 13.3% decline from the 158 homes listed in June 2019. Unfortunately for sellers, there has been a more considerable decrease of 24.8% in the amount of sales, from 129 to 97 sold this June. The average sale price is $443,911 and in comparison to the $514,071 ASP of homes the previous June, this is a 13.6% decrease. In the month of June, homes usually spent 35 days on the market before selling.

Looking at the year-to-date statistics, we see a similar trend with the ALP where currently it is $523,410, and this is only a minimal difference compared to the last year when the ALP was $531,389. As for the ASP there is only a 3.8% decline, $470,685 to $452,620 at the moment. The biggest difference is seen between inventory. So far this year, 620 homes have been listed, a 29.5% decrease compared to the 880 in 2019 at this time. The amount of sold homes have experienced an even greater decline of 35.2%, from 514 last year to 333 now.

If you are curious about the future direction of the real estate market, look no further than The Bouma Group because we are here to help with all of your questions, listings, and sellings. Contact the specialists at (734)761-3060 or email info@bouma.com. Learn more about Ann Arbor and surrounding areas here!

Ann Arbor Real Estate Report – September 2019

Decrease in New Inventory and Listing Prices

In the month of September, Ann Arbor homes saw a decline in the average listing price from $530,567 to $472,435, an 11% drop. Compared to last September when 137 homes were entered into the multiple listings service, there has been an considerable 25.5% decrease to having only 102 homes added. Luckily for sellers though, 22.1% more homes have been sold this past month. from 71 sold September 2018 to 88 most recently. The average sale price continued to stay consistent to the previous ASP, only a slight decline to $434,072. Unfortunately for sellers, the average amount of days on the market has greatly increased 65% to 43 days.

Looking ahead to year-to-date statistics, we only see slight variations in the numbers comparatively. There was only a slight decline in the amount of homes listed thus far, 1277 as of now. The average listing price decreased 4.4%, $489,791 versus $511,226. Similar to the previous listings inventory, there has also only been a slight decrease compared to last year’s numbers – with 851 homes being sold thus far. As for the ASP, there has been a 4.1% increase from $441,322 to $459,906.

The Bouma Group is here to help with all of your housing needs, whether you are looking to buy or considering selling, contact the real estate specialists at (734)761-3060 or via email info@bouma.com. Check back here for more updated information on Ann Arbor homes!

Ann Arbor Real Estate Report – July 2019

Average Days on the Market Stays Below 30 Days

Although there has been an increase in the amount of new inventory for Ann Arbor homes in July, the average days on the market is under a month at 21 days. A total of 163 homes were entered into the MLS this past month, a slight increase compared to the 146 last July. Listing prices have risen as well, they are currently averaged at $507,407 whereas before the ALP was $490,390, a 3.5% increase. There was only minimal difference in the amount of sales this July compared to the previous, 127 homes in 2019 versus 131. Selling prices have dipped only slightly, from $443,944 to $437,728 currently.

Looking ahead at year-to-date statistics, the average days on the market is hovering on the 30 day point. 1042 homes have been listed since July 2018 and this is only a small increase in comparison to the 1018 last year. The average listing price has risen 7.9% from $487,314 to $525,590. Thus far, 641 homes have been sold with an average sale price of $464,155. In comparison to the previous statistics, there has been only a slight decline from the 655 homes sold and a 5.8% rise from the ASP of $438,859.

The Bouma Group is here to help with all of your housing needs, whether you are looking to buy or are considering selling your home, contact the specialists at (734)761-3060 or email info@bouma.com. Check back here for more updates on Ann Arbor residential!

Antique Forest Neighborhood Report

Real Estate Report – July 2019

Antique Forest, Canton MI Real Estate Report - July 2019

Antique Forest is an upscale Canton subdivision with lovely curb appeal. Inside the homes are also excellent, with many boasting hardwood floors, three car-garages and more. Presently, there 3 homes are on the market and 4 have been sold this year.

Homes for Sale:

  • $579,900. 1652 Trinity Road, Canton. 3516 square feet with 4 bedrooms and 3.1 baths.
  • $529,900. 2054 Mistwood Court, Canton. 3629 square feet with 4 bedrooms and 3.1 baths.
  • $479,900. 48447 Antique Road, Canton. 3158 square feet with 4 bedrooms and 3.0 baths.

Homes Sold in 2019:

  • $585,000. 1265 Legacy Court, Canton. 3683 sq. ft., + 1800 in the finished lower level; 5 bedrooms and 4.1 baths.
  • $560,000. 48340 Antique Road, Canton. 3635 sq. ft., + 1650 in the finished lower level; 4 bedrooms and 4.1 baths.
  • $495,000. 48155 Roundstone Court, Canton. 3404 sq. ft., + 1200 in the finished lower level; 4 bedrooms and 4.1 baths.
  • $495,000. 48573 Antique Road, Canton. 3144 sq. ft., + 1644 in the finished lower level; 4 bedrooms and 2.2 baths.

Last year at Antique Forest, 9 homes sold with an average sale price of $524,211 and an average price per square foot of $152.00. The 4 homes that have sold so far in 2019 have an ASP of $533,750, up slightly, and an A$/SF of $153.94, also up slightly. If you would like to know more about the selling and listing activity at Antique Forest, contact the real estate specialists with The Bouma Group at (734)761-3060 or via email info@bouma.com. View more Canton neighborhoods here!

Ann Arbor Real Estate Report – January 2019

More Inventory but Less Sales for Ann Arbor HomesAnn Arbor Home Inventory is Rising

Ann Arbor homes are starting off this new year strong with 67 homes being entered into the multiple listings service, this is an increase of 21% compared to the 55 last year.  A total of 39 homes were sold, which is a significant 29% decrease compared to the 55 sold homes last January. Considering only the listings that were entered in January, not inclusive of those that have been on the market longer, 70% of the 67 homes were sold. Unfortunately for sellers, the average days on the market is 45, meaning that many homes entered last month have not yet sold; this is an 11.8% increase from 2017 though. Luckily for buyers, both listing and selling prices declined compared to the prior January. The average listing price dropped from $494,222 to $446,662, a 9.6% difference. There was less of a difference between the average selling price this year and last, $421,420 versus $450,822, only a 6.5% decline.

The Bouma group is here to help you with all of your housing needs, whether you are looking to buy or considering listing your home, contact the specialists at (734)761-3060 or email info@bouma.com. Stay tuned for consistently updated information about Ann Arbor homes and surrounding areas!

Ann Arbor Real Estate Report – December 2018

More Ann Arbor Homes Sold Than Listed in December to Finish Off the Year

Here is your final real estate report for 2018 for Ann Arbor homes! Both this past month’s prices and year-to-date prices have increased. Unfortunately, both the average sale and listing prices have increased on all fronts as well. Like November, 39 homes were sold this December, which is a 12.8% decrease compared to the 44 homes sold the prior December. There is minimal increase in the average listing price last month, from $451,784 to $452,492 now. A total of 57 homes have been sold in December, and although this is a 17.4% decrease from December 2017; it is good for sellers because more homes were sold than listed (in December) meaning that some homes that were entered into the multiple listings service before December were able to be sold. The average sale price is $436,533 versus $417,239 in December 2017, which is a 4.6% increase. Luckily for sellers, there has been a decrease in the average days on the market, from 56 to 45 days, a 19.6% difference. Continue reading

Ann Arbor Real Estate Report – November 2018

New Listings Entered for Ann Arbor Homes PlummetNew Home Listings Plummet

This November, Ann Arbor residential has seen a major dive in the amount of new listings entered. Only 39 homes were entered into the multiple listings service, this is a extreme 49% decline compared to last November last year when 73 homes were entered. There has only been a minimal increase in listing prices, from $500,023 on average in November 2018 to $507,659 currently. Luckily for sellers, a total of 97 homes were sold this past month, in comparison to the 90 homes sold the prior November, which is a 7.8% increase. The average selling price is still below the average listing price at $430,073, but is 6% above last year’s ASP of $405,669. For the month of November, the average days on the market is 36, which is better than the 38 days last November.

So far this year, 1419 homes have been entered into the MLS, and this is a minor increase compared to the 1383 homes that had been listed at this time in 2017. The average listing price cumulatively is $488,694 currently, versus $474,190 last year, which is a 3% rise. There has only been a slight decline in the amount of sold homes thus far in comparison to the previous year, from 1057 to 1038 sold homes. Like ALP, the ASP has also increased; overall, homes sell for $438,210 and this is a difference of 3.6% compared to $423,024.

Perhaps this significant decline in homes is due to the upcoming holidays. Whether you are looking to buy or sell a home, don’t hesitate to contact the real estate specialists with The Bouma Group at (734)761-3060 or email info@bouma.com. Check back here for more up-to-date information on Ann Arbor homes!

Ann Arbor Real Estate Report – October 2018

Both Listing and Sale Prices Rise for Ann Arbor Homes

This October, Ann Arbor homes have seen an increase in prices for both month-year statistics and year-to-date statistics. Overall, there has not been a significant change in the amount of inventory listed and sold. Only 1 additional home has been listed this month compared to last October when 94 were listed. The average listing price has increased 9%, from $442,683 to $483,085 October 2018. 86 homes were sold this month, which is a difference of 1 less home compared to last year. Unfortunately for sellers, the average selling price is below the ALP and the average days on the market have increased by 35.7% to 38 days. On average, homes sell for $416,435, which is 7.9% higher than last October when the ASP was $385,933. Looking at year-to-date statistics, there has been more inventory entered into the MLS this year compared to last year at this time. A total of 1381 homes have been listed so far, compared to the 1312 that had been entered at this point last year. The average listing price thus far is $488,423 versus $472,988, which is a 3.5% increase. Since the beginning of 2018, 940 homes have been sold and this is slight decrease of 2.9% in comparison to the 968 homes sold by October in the previous year.

Whether you are looking to buy or sell a home, contact the real estate specialists with The Bouma Group at (734)761-3060 or email info@bouma.com. For more updated information about Ann Arbor homes, check back here!