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The Ravines, Ann Arbor Real Estate Update

Ann Arbor Real Estate Update – December 2011The Ravines Subdivision, Ann Arbor MI Neighborhood

The Ravines Subdivision, Ann Arbor is located on the southwest side of town in beautiful Scio Township. This desirable Ann Arbor neighborhood features recreation for all with a park, ball fields, gazebo, tennis, and volleyball. There is currently 1 home for sale, 5 homes have been rented, and 6 homes have sold.

Home Listed:

  • $215,000. 1431 square feet with 3 bedrooms and 2.1 baths. Sale Pending

Sold Homes:

  • $215,000. 1440 sq. ft. +280 in finished lower level, 3 bedrooms and 3 baths.
  • $225,000. 2223 square feet with 4 bedrooms and 2.1 baths.
  • $255,000. 2041 sq. ft. +500 in finished lower level, 3 bedrooms and 2.1 baths.
  • $255,000. 1683 sq. ft. +700 in finished lower level, 3 bedrooms and 3.1 baths.
  • $275,000. 2210 sq. ft. +800 in finished lower level, 4 bedrooms and 2.1 baths. Sold by The Bouma Group
  • $275,000. 2284 sq. ft. +755 in finished lower level, 4 bedrooms and 3.1 baths.

Homes Rented:

  • $1300/month. 1432 square feet with 3 bedrooms and 2.1 baths.
  • $1650/month. 2041 sq. ft. +1000 in finished lower level, 4 bedrooms and 3.1 baths.
  • $2000/month. 2128 sq. ft. +650 in finished lower level, 3 bedrooms and 3.1 baths.
  • $2210/month. 2079 sq. ft. +850 in finished lower level, 3 bedrooms and 3.1 baths.
  • $2200/month. 1993 sq. ft. +877 in finished lower level, 4 bedrooms and 3.1 baths.

Last year at The Ravines, 3 homes sold with an average sale price of $237,166 and average price per square foot of $129.20. This year, the ASP is up by 5% at $250,083 and the A$/SF is down slightly at $128.68. Home prices at The Ravines have leveled out and will most likely begin to increase next year. To learn more about this Ann Arbor neighborhood, or the nearby Uplands, Hometown Village of Ann Arbor, or Meadowinds subdivisions, contact The Bouma Group Real Estate professionals today at 734-761-3060 or info@bouma.com. To view up to the minute listing and sold data for all of Ann Arbor, visit the Subdivision Hotline, Washtenaw County’s #1 source for community information!

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