Inventory Down for Ann Arbor Condos

Ann Arbor Condo inventory is very low right now, making this the perfect time to get your unit listed for sale! The Bouma Group tracks all statistics for Ann Arbor condos, including Downtown Ann Arbor Condos, Ann Arbor Lofts, specific complexes, price points, and we know all trends - so if you're considering purchasing or selling a condo in Ann Arbor, give us a call for the latest data at 734-761-3060 or info@bouma.com. Have you checked out Ann Arbor's Condo Hotline yet? View real-time active listings and recent sold information, by-laws, floor plans, photos and more!

Posted Wednesday, January 11, 2012 by Martin Bouma
Tags: Ann Arbor Condos, downtown ann arbor condos, Ann Arbor Condo Market Update, Ann Arbor Condo Market Statistics, Downtown Ann Arbor Lofts, Ann Arbor Condo Complexes, Ann Arbor Condo Seller, Ann Arbor Condo Buyer

Market Report for Ann Arbor Condos

Ann Arbor Condo sales are slowing down for the year, but after the holidays, we expect things to explode! The Bouma Group tracks all statistics for Ann Arbor condos, including Downtown Ann Arbor Condos, Ann Arbor Lofts, specific complexes, price points, and we know all trends - so if you're considering purchasing or selling a condo in Ann Arbor, give us a call for the latest data at 734-761-3060 or info@bouma.com. Have you checked out Ann Arbor's Condo Hotline yet? View real-time active listings and recent sold information, by-laws, floor plans, photos and more!

Posted Wednesday, January 11, 2012 by Martin Bouma
Tags: Ann Arbor Condos, downtown ann arbor condos, Ann Arbor Condo Market Statistics, Downtown Ann Arbor Lofts, Ann Arbor Condo Complexes, Ann Arbor Condo Seller, Ann Arbor Condo Buyer

Welcome to Linda Ansara, Ann Arbor Condo Leasing Specialist

The Bouma Group, Ann Arbor Realtors, welcome Linda Ansara as the team’s new Leasing Specialist.  Linda’s past experience as a buyer with the Kmart Corporation, along with a corporate operations background in retail that ranges from high-end products to mass-merchandise, plus helping those who help others through her not for profit work, make her a strong asset to The Bouma Group’s real estate team. She brings a finely honed ability to match client needs to find them the perfect Ann Arbor condo or home leasing opportunity.

Martin Bouma, Team Leader is excited to have Linda as part of his dynamic team of Ann Arbor real estate professionals. With the growing need for home and condo leasing in Washtenaw County, a strong leasing specialist is a true asset.

Martin Bouma and The Bouma Group of Keller Williams Realty have been servicing the real estate needs of Washtenaw County for more than 25 years and bring a unique, personal touch to each transaction. Thorough market knowledge, exceptional follow-through, and cutting edge marketing are the hallmarks of the Bouma Group's continued success and have made them the #1 real estate team in Ann Arbor for the past 10 years.

Posted Tuesday, January 03, 2012 by Martin Bouma
Tags: ann arbor real estate, Ann Arbor Condos, Ann Arbor Condos for Rent, Linda Ansara, Ann Arbor Condos for Lease, Ann Arbor Realtors, The Bouma Group

How Long Will Ann Arbor Mortgage Rates Remain This Low?

Mortgage rates for the Ann Arbor area have remained low for 12 weeks now.  They moved up about a 1/4% two weeks ago and just came back down over the past few days.  We should continue to see rates in this range throughout the rest of the year, making this a wonderful time to make a home purchase and take advantage of these low rates. As an Ann Arbor condo buyer, your purchase power is increased by $10,000 to $50,000 with these current rates. Imagine getting more condo for your money! You can buy FHA with as little as 3.5% down and we have several conforming programs with 10% down.

*Rates are based on a mortgage of $200,000, 80% LTV, no points and a credit score of 740 or higher.

Please keep in mind that interest rates are subject to change without notice. The rates listed above are average rates and are subject to change without notice.

To find out more about the current interest rates and which loan program is best for you, contact Charlie Chapell with United Bank & Trust today at 734-214-2728 or

cchapell@ubat.com

.

Now is a great time to take advantage of the low interest rates combined with low condo prices! Thinking of a Downtown Ann Arbor Condo? View all Ann Arbor condo complexes here and to search homes, visit our Ann Arbor Subdivision Hotline!

Posted Wednesday, December 14, 2011 by Martin Bouma
Tags: ann arbor condo , Ann Arbor Homes, ann arbor mortgage interest rates, Charlie Chapell, United Bank and Trust, Ann Arbor Condo Buyer

The Ann Arbor Condo Market is Balanced

When comparing the end of October to the end of September, there are few changes for the overall Ann Arbor condo market. There was a slight decline in inventory and has reaches it's lowest point in 2011. Right now there are 238 condos listed for sale, down 2% from last month. The number of condos under contract with a buyer also decreased, as well as sales for the past 12 months. The overall condo market remains in a balanced market with a 5.7 month supply of condos. Although most price points are in a buyer's market, condos listed for $200k or less are in a seller's market and that's where the majority of the sales are.

The $400-500k range had the biggest change and there was an increase of 20% in the months supply of condos when compared to the previous month. There were 4 closings in this price range in September, while in October there were only 2 with no new units listed. This increase puts this price range back into a solid buyer's market. The $300-$400 range is still in a balanced market. The $500k-$1M price point gained 1 new listing and over $1M things have remained unchanged with no sales and no new listings.

In the real estate market, if there is less than a 5 month supply of homes on the market, you are in a seller's market. A 5-7 month supply of homes is a balanced market. Anything over 7 months is a buyer's market. The under $100k market remains in a seller's market, with the $100k-200k and $300k-400k in a balanced market. All other price points are in a buyer's market.

Ann Arbor condo rentals were basically unchanged in inventory, while sales for the past 12 months decreased by 8 units. It continues to be very strong, as sellers are choosing to rent their units, and the month’s supply is at 1.3.

With Ann Arbor condo inventory is at the lowest point of the year, prices are less competitive. That, combined with historically low interest rates which allow condo buyers to get even more for their money, this a great time to purchase a downtown Ann Arbor loft, a Pittsfield Township condo, or a campus rental unit. For more information contact us today at 734-761-3060 or info@bouma.com.

Posted Monday, November 21, 2011 by Martin Bouma
Tags: ann arbor condos for sale, Ann Arbor Condos, Ann Arbor Condominiums, ann arbor condo rentals, Ann Arbor Condos for Rent, Ann Arbor Condo Market Update, Ann Arbor Condo Market Statistics