November 2015 Ann Arbor Condo Market Update

Ann Arbor Condo Market Update - November 2015

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Ann Arbor Condo sales are down from this time last year, as is listing inventory which is a direct influence on the lower number of sales. In November 2014, 43 condos sold, with only 37 selling this year. There were also 184 condos listed, whereas now there are only 151 listed. Ann Arbor condos are in a very strong seller’s market with a 2.7 month supply of units for sale.

Due to the serious lack of inventory, now is an excellent time to sell your condo! Spring is the busiest time for condo sales and the spring market starts right after the new year. Not sure how much your unit has risen in value? Contact us today at 734-761-3060 or email info@bouma.com for a in-depth market analysis and be ready to get your condo sold!




Posted Friday, December 18, 2015 by Martin Bouma
Tags: market update, Ann Arbor Condos, condo market report

October 2015 Ann Arbor Condo Market Update

Condo Market Update Fall 2015

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While inventory for Ann Arbor Condos is down 14%, when compared with this time last year, sales for previous 12 months are up by 17%! Low inventory, combined with high sales is keeping Ann Arbor in a seller’s market with a 2.7 month supply of condos listed for sale. The under $200k market is booming with 655 condos sold since last October. Condo values continue to rebound and are exceeding those at the peak of the market in 2006 when the average price per square foot was $151.03. The low was in 2011 with an A$SF of $110.11. So far this year the A$SF is $158.00, up 44% from the low.

Even though the fall market has wound down and the holidays are upon us, condos are selling. The number of sales show that there are still plenty of buyers out there. The lack of inventory will impact sales as buyers have less and less to choose from. If you have been thinking of selling your condo, don’t wait. Get a jump on the spring market and call us for a market analysis today at 734-761-3060 or email info@bouma.com. Be ready before the competition begins after the new year!



Posted Tuesday, December 01, 2015 by Martin Bouma
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