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!

3877 Delhi Overlook, Ann Arbor, MI 48103

3877 Delhi Overlook, Ann Arbor, MI 48103

New Listing! 3877 Delhi Overlook is an incredible one-of-a-kind contemporary home perched on a hill overlooking the Huron River, this 2-story house is an absolute must-see.  This fantastic home features:

  • 4,395 square feet + 1,740 finished in lower level, 5 bedrooms, and 4.5 bathrooms
  • 10 Acre lot with provision for horse stable
  • Open floor plan providing flexible living spaces with a clean airy feel
  • Vaulted ceilings in first floor master suite with soaking tub and separate shower in private en-suite
  • Additional photos and details 
  • MLS #3261327
  • Offered at $1,095,000

To request a private showing for 3877 Delhi Overlook, or to learn more about this luxurious provate home, contact the Ann Arbor Real Estate Experts with The Bouma Group today at 734-761-3060 or info@bouma.com.

3229 Eastridge Drive, Dexter, MI 48130

3229 Eastridge Drive, Dexter, MI 48130

Just Listed! 3229 Eastridge Drive is a beautifully maintained ranch home in Westridge of Dexter neighborhood! Details of this turnkey home include:

  • 1,446 square feet + 1,127 finished in lower level, 3 bedrooms, 2.5 bathrooms
  • Vaulted living room highlighted by a stone fireplace gleaming with natural light surrounded by large windows
  • On-trend painted cabinets, stainless steel appliances, and hardwood floors in kitchen
  • Finished lower level with bar area, separate family room space, and recreation room for ping pong table!
  • More photos and features 
  • MLS #3261341
  • Listed for $324,900

To request a private showing for 3229 Eastridge Drive, or to learn more about this luxurious home, contact the Ann Arbor Real Estate experts with The Bouma Group today at 734-761-3060 or info@bouma.com.

1661 Scio Ridge Road, Ann Arbor Corner Lot Home in The Ravines

1661 Scio Ridge Road, Ann Arbor, MI 48103

New Listing! 1661 Scio Ridge Road is a 2 story corner lot home in the welcoming Ravines neighborhood! Features include:

  • 2,236 square feet, 4 bedrooms, 2.5 bathrooms
  • Formal living and dining rooms plus casual gathering space in family room
  • Bright eat-in kitchen and first floor laundry room off of the garage
  • Master suite with vaulted ceiling and private bath with soaking tub
  • Deck overlooking common area
  • More photos and details 
  • View virtual tour 
  • MLS# 3261328
  • Offered at $364,900

To schedule a private showing for 1661 Scio Ridge Road, please contact the real estate specialists with The Bouma Group at 734-761-3060 or info@bouma.com.

 

9188 Roe Road Home in Chelsea, MI

9188 Roe Road, Chelsea, MI 48118

Just Listed! 9188 Roe Road is your quiet Cape Cod country escape! Features included are:

  • 2,028 square feet, 4 bedrooms, 2.5 bathrooms, plus an unfinished basement!
  • Stunning remodeled kitchen with on-trend painted cabinets, subway tile back splash, and butcher block counters
  • 30×40 pole barn, an ideal place to hold winter and summer toys
  • Main-floor master suite with double closets, neutral paint, and private full bathroom
  • More photos and features 
  • Virtual Tour
  • MLS # 3261180
  • Listed at $280,000

To schedule your showing at 9188 Roe Road, contact The Bouma Group at 734-761-3060 or info@bouma.com today!

1730 Waltham Dr, Ann Arbor Home in Vernon Downs

1730 Waltham Dr, Ann Arbor, MI 48103

New Listing! Colonial home in desirable Vernon Downs neighborhood. 1730 Waltham Dr is a completely move-in ready home with details like:

  • 2,028 square feet, 4 bedrooms, 2.5 bathrooms plus 500 finished square feet in lower level
  • Formal living and dining rooms fit for entertaining guests plus a lounge-worthy casual family room
  • Spacious master suite with private bath and large walk-in closet
  • Fenced backyard with mature trees and peaceful views – ideal for kids and pets who like to roam!
  • More photos and features
  • Virtual Tour 
  • MLS# 63261220
  • Listed for $450,000 

To request a showing for 1730 Waltham Dr, or to learn more about the property, contact The Bouma Group‘s experts at 734-761-3060 or email info@bouma.com.

1561 W Liberty Street, Ann Arbor, MI 48103

 

1561 W Liberty Street , Ann Arbor, MI 48103

New Listing! 1561 W Liberty Street is a gorgeous newer construction home ideally located just steps from downtown Ann Arbor!

  • 2,375 square feet + 470 finished in walkout lower level, 4 bedrooms, and 3.5 bathrooms
  • NEW features like hardwood floor, granite counters, stainless steel appliances, and tile shower
  • Enviable backyard with two-level deck and patio with fire pit – ideal for entertaining
  • High ceilings and high-end finishes throughout
  • Most importantly, steps from local schools, Eberwhite Woods, downtown AA, and University of Michigan campus
  • More Photos and Features
  • MLS#3261083
  • Listed for $759,995

To request a private showing for 1561 W Liberty Street, or to learn more about this luxurious home, contact the Ann Arbor Real Estate experts with The Bouma Group today at 734-761-3060 or info@bouma.com.

Bromley Park, Ypsilanti Real Estate Report

Bromley Park Real Estate ReportBromley Park, Ypsilanti MI Subdivision Homes for Sale

Located in Superior Township, Bromley Park is a collection of mid-sized homes in a neighborhood setting. There are currently 7 homes listed for sale and so far this year, 15 have sold.

Homes for Sale:

  • $279,900.  9741 Ravenshire Drive, Ypsilanti. 2156 sq. ft., +968 in finished lower level, 4 bedrooms and 2.1 baths.
  • $279,900.  9621 W. Avondale Circle, Ypsilanti. 2338 square feet with 4 bedrooms and 2.1 baths.
  • $269,900.  9634 Wexford Drive, Ypsilanti. 1800 sq. ft., +1039 in finished lower level, 4 bedrooms and 3.1 baths. Sale Pending
  • $254,900.  9639 Wexford Drive, Ypsilanti. 1800 square feet with 4 bedrooms and 2.1 baths. Sale Pending
  • $250,000.  9973 W. Avondale Circle, Ypsilanti. 1711 sq. ft., +868 in finished lower level, 4 bedrooms and 3.1 baths. Sale Pending
  • $249,900.  9655 Wexford Drive, Ypsilanti. 1800 square feet with 4 bedrooms and 2.1 baths. Sale Pending
  • $244,900.  9789 Ravenshire Drive, Ypsilanti. 1795 square feet with 3 bedrooms and 2.1 baths. Listed by The Bouma Group

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Ann Arbor Real Estate Report – September 2018

Ann Arbor Homes See an Increase in Both Inventory and Listing PricesHome inventory and prices increasing for Ann Arbor Real Estate

There has been growth in inventory for Ann Arbor homes comparative to last year’s statistics. With listing prices rising, sale prices have too; however, sale prices are still below the asking. This September, 137 listings were entered into the multiple listings service, this is an increase of 15.5% compared to the 110 listings entered last September. The average listing price saw a rise of 8.9%, from $488,176 to $530,567 currently. Unfortunately, only 71 homes were sold in September, which is a 22.8% decline in comparison to the 923 homes sold the previous September. Sale prices have seen an increase of 6.9%, $408,967 versus $437,082 this month. Luckily for home buyers, the average days on the market has lowered slightly to 26 days, from 28 days last September. So far this year, more listings have been entered into the multiple listings services compared to this time last year; but there has been a decline in the amount of sold homes. A total of 1286 homes have been listed for sale thus far, which is an increase of 5.7% compared to the 1217 homes sold at this time last year. There has only been a small rise for the average listing price of homes, from $476,195 to $489,791 which is approximately 3%. Like the increase of ALP, average sale prices have experienced the same growth. The ASP is $441,322 thus far, versus $428,494 last year at this time.

For more information about Ann Arbor homes, contact the real estate specialists with The Bouma Group at (734)761-3060 or email info@bouma.com. Don’t forget to check back here for more about the market!

1107 Edgewood Ave, Ann Arbor, MI 48103

1107 Edgewood Ave, Ann Arbor, MI 481031107 Edgewood Avenue, Ann Arbor, MI Home with Allmendinger Park Views

Just Listed! 1107 Edgewood Ave is a delightful brick 1.5 story home with views of Allmendinger Park! Features:

  • 1,448 square feet + 392 finished in lower level, 3 bedrooms, and 2 full bathrooms
  • Updates like Anderson windows, deck with pergola, furnace & A/C, and kitchen!
  • Wood burning fireplace in spacious living room and two main-level bedrooms
  • Rec room and built-in bar in lower level
  • Steps from the Big House and downtown Ann Arbor
  • More Photos and Features
  • MLS#3260902
  • Listed for $479,900

To request a private showing for 1107 Edgewood Ave or to learn more about this luxurious home, contact the Ann Arbor Real Estate experts with The Bouma Group today at 734-761-3060 or info@bouma.com.