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Tag Archives: subdivision hotline

The Links at Stonebridge, Saline Real Estate Report

Saline Real Estate Update – February 2012The Links at Stonebridge Subdivision, Saline MI Real Estate

The Links at Stonebridge, is a cozy Saline neighborhood situated within the larger Stonebridge community. Homes feature many upgrades and offer wooded and golf course views. There are currently 0 homes listed for sale and in 2011, 4 homes sold with an average sale price of $378,725 and average price per square foot of $147.84.

Sold Homes:

  • $330,000. 2607 square feet with 4 bedrooms and 2.1 baths.
  • $374,900. 2400 sq. ft. +1500 in finished lower level, 4 bedrooms and 3.1 baths.
  • $390,000. 2768 sq. ft. +900 in finished lower level, 4 bedrooms and 2.1 baths.
  • $420,0000. 2505 sq. ft. +1500 in finished lower level, 4 bedrooms and 3.1 baths.

In 2010 at The Links at Stonebridge, 4 homes sold with an ASP of $381,350 and A$/SF of $147.84. For an in-depth analysis or to learn more about Saline Real Estate prices at any of the Stonebridge communities, or the nearby Lake Forest, The Waterways, or St. James Woods subdivisions, contact the Saline Realtors at The Bouma Group today at 734-761-3060 or info@bouma.com. To view instant listing and sold data, plus floor plans, photos and more for subdivisions in Ann Arbor, Dexter, and Saline visit the Subdivision Hotline here!

Mallard Cove Subdivision, Saline Real Estate Report

Saline Real Estate Update – January 2012Mallard Cove Subdivision, Saline MI Real Estate

Mallard Cove, Saline is a beautiful neighborhood with an Ann Arbor mailing address. It offers 58 homes in a gorgeous natural setting. There are currently 2 homes listed for sale and in 2011, 2 homes sold.

Homes Listed for Sale:

  • $229,200. 2578 square feet with 4 bedrooms and 3 baths. Foreclosure
  • $249,900. 2242 sq. ft. +300 in finished lower level, 4 bedrooms and 2.1 baths.

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Lohr Lake Village Subdivision, Ann Arbor Real Estate Update

Ann Arbor Real Estate Update – October 2011Lohr Lake Village Subdivision, Ann Arbor Saline MI

Lohr Lake Village Subdivision, Ann Arbor is a lovely neighborhood in a picturesque setting. Children attend the award winning Saline Schools and homeowners pay Pittsfield Township taxes. There are currently 3 homes listed for sale with 1 under contract, 1 listed for rent, and so far this year 3 homes have sold and 1 has rented.

Homes Listed:

  • $394,900. 3392 square feet with 4 bedrooms and 2.1 baths.
  • $399,900. 2756 square feet with 4 bedrooms and 2.1 baths.
  • $349,900. 2897 sf +1342 in finished lower level, 4 bedrooms and 3.1 baths.

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Are Mortgage Lending Requirements Beginning to Loosen?

Ann Arbor Mortgage Lending LooseningThe recent mortgage lending crisis spurred lending institutions to do a complete 180 from practices common 5 years ago. Then, anyone could get a loan whether they could afford the payments or not, and many creative financing options were available, including loans that required no documentation of income. Those days are long gone and have been replaced by the opposite scenario where it has become very difficult for a potential home buyer to secure a loan, even with a good financial portfolio.

But recently, it appears that mortgage lending requirements may be loosening and adopting the clean lending policies of a decade ago. As delinquent loans and credit losses are beginning to shrink, lending giant Freddie Mac recorded 1st quarter profits and has claimed that they no longer need government funding. The National Mortgage News also reported that at the beginning of the year, Wells Fargo dropped its credit score requirement for FHA backed loans to around 500. While lending institutions are aware that tightened lending requirements are keeping many eligible buyers from purchasing homes, thus prolonging housing recovery, they are keeping a watchful eye on the economy as they slowly loosen standards.

In a May 10 article in U.S. News and World Report, Keith Gumbinger, VP of mortgage information web site HSH.com, said, “Borrowers have a little bit of a misconception that you can’t get mortgage financing. The mentality of ‘It’s going to be too hard for me to get financing, so I’m not going to bother even looking,’ is persistent.” There are many options for borrowers out there, including:

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Castleton Farms, Dexter Market Update

Market Update – May 2011Castleton Farms, Dexter MI Subdivision

Castleton Farms Subdivision is a newer Dexter neighborhood located about 10 minutes northwest of downtown Dexter. Homes range in style and are located on 1-3 acre lots. There are currently 2 homes listed for sale at Castleton Farms, with 0 under contract, and 0 have sold so far this year.

Homes for Sale:

  • $379,900. 3100 square feet with 4 bedrooms and 2.1 baths. This home is to be built.
  • $419,900. 2907 square feet +1449 in the finished lower level, 5 bedrooms and 4.1 baths. This is a former model home.

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