Priced Out of the Market? A Condo or Townhome Could Be Your Way In

Today’s home prices have a lot of buyers, especially first-time buyers, wondering if there’s even anything out there that’s in their budget. But owning a home may be more within reach than you think. Sometimes, it just means considering a different type of home.

Condos and townhomes can be a great way to buy without stretching every last dollar. And right now, two things make them worth a serious look.

There Are More Condos and Townhomes To Choose From

Maybe you feel like there’s just nothing out there for you, and you’ve exhausted all your options. But have you considered condos or townhomes? A lot of buyers start by looking for a single-family, detached home without even realizing what that search omits from their pool of choices.

According to HousingWire Data, nationally there were 233,030 condos and townhomes for sale this June. That’s more than any June in at least the past decade, and more than double the number available back in 2022 (see graph below):

That means there are more options out there in this segment of the market, and that’s especially good news for first-time buyers. These types of homes can be a great way to break into the market for less.

Just remember, that’s the national number. What’s available will depend on where you’re looking. But generally speaking, more options means less competition, more time to decide, and more room to negotiate.

What’s Happening with Ann Arbor Condos

Good news if you’re shopping for a condo in Ann Arbor: the market is opening up in your favor. Through the end of July, new listings climbed to 594 in 2026 from 563 last year, giving you more choices to explore. At the same time, pending sales eased to 343 (down from 389) and closed sales dipped to 345 (from 359), while homes now sit for 49 days on average versus just 29 a year ago. With median prices sliding slightly to $335,000 from $340,000, this shift toward more supply and a calmer pace means you have room to compare options, negotiate with confidence, and lean on expert guidance to find the right fit.

They Also Tend To Cost Less Than Single-Family Homes

Price is the other big draw. According to the National Association of Realtors (NAR), the median condo price was $380,000 in June. In contrast, the median single-family home price was $446,400 (see graph below):

That’s a difference of more than $66,000.

A big reason why? Condos are usually smaller than single-family homes. And smaller homes can come with smaller price tags.

And if you don’t need all that extra space, that lower entry price could be exactly what gets you through the door.

What’s Happening with Condos vs. Homes in Ann Arbor

Here’s where the numbers get exciting for anyone eyeing an entry into the Ann Arbor market: through July 2026, the median home sold for $586,500 while the median condo came in at $335,000, a gap of over $250,000. That difference carries into averages too, with homes at $678,466 versus $448,299 for condos. Even a year ago, Ann Arbor condos began experiencing more price reductions. For you, this means a condo can be a smart, more accessible way to plant roots in a neighborhood you love, without stretching your budget to single-family territory. With expert Realtor guidance and clear market insights on your side, you can turn that price advantage into a vibrant, low-maintenance lifestyle right where you want to be.

Condo or Townhome? How They’re Different.

For buyers who feel priced out of the market, a condo or townhome could be a way in. But there are some things to know. Before you start checking out homes, it’s good to understand how these two compare to each other, and to a single-family home.

• With a single-family detached home, you own the house and the land it sits on, and you don’t share any walls with neighbors. That means the most space and privacy. But it also usually comes with a higher tag, and all the maintenance is on you.
• With a townhome, typically you own the building you live in and the lot it sits on. They’re usually multi-level, so you get more space, and you share two walls at most. You’ll also have more say over how your home looks and how repairs get done, but more of that upkeep falls on you.
• With a condo, you own just the inside of your unit and may have access to community features like a pool or gym. The building and shared space belong to everyone who lives there, which means you have less maintenance responsibilities. But you’ll also likely have more neighbors around you, less control over building decisions, and higher HOA fees since the HOA handles the exterior and common areas.

Bottom Line

Ready to make your move in Ann Arbor? A condo or townhome could be your path to owning a home without blowing your budget. The Bouma Group, Realtors knows this market inside and out, from the walkable downtown condos to the tucked-away neighborhoods you’ll love calling home. Our team pairs deep local expertise with personalized guidance, listening to your budget, your must-have features, and the lifestyle you’re after, then matching you with properties that truly fit. Whether you’re drawn to low-maintenance condo living or a place with a little more room to grow, we’ll walk you through financing options, honest market insights, and every step in between so you feel confident from first tour to closing day.

Let’s find the right spot for you together, reach out today at 734-761-3060 or info@bouma.com. Let’s turn your Ann Arbor plans into keys in your hand.

Pre-Qual vs. Pre-Approval for Ann Arbor Condos

Pre-Qualification vs. Pre-Approval for Condos

Buying a condo is an exciting milestone, but navigating the financial requirements can feel overwhelming. If you are eyeing the market for Ann Arbor condos, you have likely heard the terms “pre-qualification” and “pre-approval” thrown around by real estate professionals and lenders. While they sound similar, they serve very distinct purposes in your home-buying journey.

Understanding the differences between these two financial checkpoints can save you time, reduce stress, and give you a competitive edge. This guide will break down pre-qualification vs. pre-approval, highlight when each is most beneficial, and provide practical condo buying tips to help you secure your dream property in Ann Arbor.

What is Pre-Qualification?

Pre-qualification is the first step in the mortgage process. It provides a basic estimate of how much house you can afford. To get pre-qualified, you supply a lender with an overview of your financial picture. This includes your income, assets, and debts.

The lender reviews this information and gives you an estimated loan amount. This process is usually quick, often happening over the phone or online. It rarely requires a hard credit check or deep verification of your documents. Think of pre-qualification as a helpful financial snapshot. It sets your budget expectations but does not guarantee a loan.

What is Pre-Approval?

Pre-approval is a much more rigorous process. It carries significantly more weight than a pre-qualification. When you seek pre-approval, you must complete an official mortgage application and supply the lender with extensive documentation. This includes recent pay stubs, W-2s, bank statements, and tax returns.

The lender will also pull a hard credit report to assess your credit score and history. Once the underwriter reviews your financial background, they will offer a specific loan amount at a specific interest rate. A pre-approval letter proves to sellers that you have the financial backing to follow through on an offer.

Key Differences: Pre-Qualification vs. Pre-Approval

To make the best decisions while shopping for Ann Arbor condos, you must understand how these two steps differ.

• Verification: Pre-qualification relies on self-reported data. Pre-approval requires strict verification of your income, assets, and credit history by a financial institution.
• Time and Effort: You can get pre-qualified in just a few minutes. Pre-approval takes several days or even weeks, as it involves gathering documents and undergoing underwriter review.
• Market Weight: Sellers do not view pre-qualification as a firm commitment. A pre-approval letter, however, shows you are a serious buyer with verified funds.
• Financial Impact: Pre-qualification usually involves a soft credit inquiry, which does not affect your credit score. Pre-approval requires a hard inquiry, which can slightly lower your score temporarily.

When to Use Each in the Ann Arbor Condo Market

The Ann Arbor real estate market is highly competitive. Knowing when to use a pre-qualification versus a pre-approval can dictate the success of your property search.

Early Stages: The Power of Pre-Qualification

Pre-qualification is highly beneficial when you are just starting to explore the idea of buying a condo. If you are browsing www.condohotline.com to see what types of properties are available, pre-qualification helps you set a realistic price range.

It prevents you from falling in love with a condo that sits outside your budget. Use this step to understand your financial boundaries before you officially hire a real estate agent or schedule property tours.

Ready to Buy: Why You Need Pre-Approval

Once you are ready to make offers on specific Ann Arbor condos, a pre-approval letter becomes mandatory. Sellers want assurance that a buyer can close the deal without financing falling through at the last minute.

If a highly desirable condo receives multiple offers, sellers will quickly dismiss bids from buyers who only have a pre-qualification. A solid pre-approval letter gives you negotiating power and demonstrates your credibility.

Essential Condo Buying Tips for Ann Arbor

Securing financing is just one piece of the puzzle. Use these condo buying tips to navigate your purchase smoothly:

Review the HOA Documents Carefully

Every condo association operates differently. Before finalizing your purchase, review the Homeowners Association (HOA) rules, fees, and financial health. Ensure the association has adequate reserves for future repairs so you avoid surprise special assessments.

Consider the Location and Lifestyle

Ann Arbor offers diverse neighborhoods. Decide whether you want a condo within walking distance of downtown dining, the University, Michigan Medicine, or something quieter on the outskirts of town. Factor your daily commute and lifestyle preferences into your location choice.

Partner with a Local Expert

Working with a Real Estate team that specializes in condos makes a massive difference. Local experts understand the nuances of specific condo communities and can guide you toward properties that fit your goals and budget.

Take the Next Step Toward Your Condo

Understanding pre-qualification vs. pre-approval puts you in a strong position to buy a condo. Start by getting pre-qualified to outline your budget, then secure a pre-approval when you are ready to shop seriously.

If you want expert guidance navigating the market for Ann Arbor condos, we are here to help. Reach out to The Bouma Group, Realtors today at 734-761-3060 or email us at info@bouma.com to begin your journey.

Downtown Ann Arbor Condo Review: Q4 2025

Welcome to our latest deep dive into the Downtown Ann Arbor condo market! As we closed out 2025, the market continued its trend of historically low inventory coupled with very strong buyer demand. For both potential sellers and buyers, understanding these dynamics is key to making empowered decisions. We’re excited to share our findings from the fourth quarter and offer a glimpse into what’s ahead for our vibrant community.

At The Bouma Group, we believe that accurate, up-to-date information is the foundation of every successful real estate journey. Let’s explore the key trends, sales performance, and opportunities that defined the end of 2025.

Market Snapshot: Low Inventory and High Demand

The big story heading into 2026 is the scarcity of available condos. The fourth quarter of 2025 saw a significant drop in active listings compared to the same period in 2024, when there were 29 units on the market.

This past quarter, there were only 8 active resale listings. With two of those already under contract, it left just 6 available condos for eager buyers. This tight inventory creates a competitive environment, particularly for desirable properties. The price range for these available units is also notable, with four of the six priced over $1,000,000. The most accessible option started at $665,000, highlighting the premium on downtown living.

Perhaps the most talked-about listing is the stunning penthouse atop the former DTE building on South Main Street. Listed at an unprecedented $7,000,000, or about $1,400 per square foot, it stands as the most expensive condo in the history of downtown Ann Arbor. This listing signals a new ceiling for luxury urban living in our city.

New Construction Fuels Growth

While the resale market is tight, new construction is bringing much-needed inventory to downtown. A total of 17 new construction condos were on the market, with 15 of them are already under contract. This demonstrates the strong desire for modern, new-build properties in prime locations.

Several additional developments are in various stages of planning, approval, or construction, promising to further transform the downtown landscape. These projects could introduce up to 1,168 new living units, including 102 condos and a significant number of apartments.

Here’s a quick look at what’s on the horizon:

• Marketplace (Under Construction): 18 new condos in the beloved Kerrytown neighborhood.
• Braun Ct (Approved): Another Kerrytown project set to add 36 condos.
• 1st Street Condos (In Planning): A development poised to bring 48 more condos to the market.
• Apartment Developments: Projects like 315 Huron, Dunbar, Kline Parking Lot, 415 Washington, and Near North will add hundreds of rental units, contributing to the overall housing supply.

Q4 2025 Sales Performance

The fourth quarter saw steady sales activity, with 12 condos sold. This figure is slightly down from the 15 sales recorded in Q4 2024, but it’s a strong number given the limited inventory. The sales included two new construction units and ten resale properties.

Notable Sales Highlights

The quarter featured several impressive sales that showcased the market’s strength.

Highest Re-Sale: A loft at 322 E. Liberty St. claimed the top spot, selling for $2,000,000, or $907 per square foot. This beautiful 2,205 sq. ft. penthouse features 2 bedrooms, 2.5 baths, two fireplaces, two balconies, and a private 2-car garage. It sold in just 29 days, demonstrating the high demand for premium loft-style living. Its sale history: $1,315,000 in 2021 and $793,400 in 2007, illustrates remarkable value appreciation over time. Located at Loft 322.

New Construction Closings: The new development at 212 Miller saw two units close, with sales prices of $753,371 and $1,465,017. The higher-priced unit sold for a remarkable $874 per square foot, a strong indicator for new construction values.

Strong Market Performers:

• 218 Kingsley #209: This unit sold for $950,000 ($587/SF) in just 8 days. Kingsley Condos
• 410 1st St #207: Sold for $630,000 ($574/SF) after only 11 days on the market. 410 N First Condos
• 505 E. Huron St #508: This Sloan Plaza condo sold for $535,000 in a swift 26 days. Sloan Plaza

Lowest-Priced Sales: On the more affordable end of the spectrum, three units at Riverside Park Place on Wall Street sold, with prices ranging from $310,000 to $330,000. These sales provide an important access point to the downtown market.

Advice for Sellers: A Prime Opportunity

If you have been thinking of selling your downtown condo, the current market presents an excellent opportunity. Prices are at historical highs, and strong buyer demand means well-positioned properties are attracting serious attention.

To capitalize on this moment, it’s crucial to present your home in the best possible light. This includes professional staging, high-quality photography, and completing any minor upgrades that can make a big impact. Pricing your condo competitively from the start is also essential for attracting the right buyers quickly.

While inventory is low now, it typically rises in the spring. Acting sooner rather than later could help you maximize your sale price and take advantage of the current demand before more competition enters the market. Working with an experienced agent who has a deep understanding of the Ann Arbor condo market is your greatest asset in navigating this process.

Let’s Discuss Your Goals

The Ann Arbor condo market is dynamic and full of potential. Whether you are considering selling your property or searching for your perfect downtown home, our team is here to provide the expertise and support you need. We are passionate about helping our clients achieve their real estate goals with confidence.

Ready to take the next step? Contact The Bouma Group today at 734-761-3060 or info@bouma.com and let’s delve into your goals.

Get the full, detailed report here: Q4 2025 Downtown Ann Arbor Condos Report

Why Ann Arbor Condos Are Experiencing Price Reductions this Spring

Price Reductions for Ann Arbor Condos

If you’re following the Ann Arbor housing market, you’ve likely noticed a curious trend this Spring—price reductions on condos are becoming more common. For homebuyers and sellers alike, this shift raises a lot of questions. Why are prices being lowered? What does it say about the market? And most importantly, how should you respond, whether you’re buying or selling?

This blog will break down the key reasons behind these price adjustments, the economic factors at play, and what this market trend means for both buyers and sellers. We’ll also share tips for navigating these changes.

What’s Causing the Price Drops?

Several factors are driving the recent wave of condo price reductions in Ann Arbor. While changes like this are rarely the result of one issue alone, the following may help explain the bigger picture.

1. Shifting Market Conditions

Over the past year, the real estate market in the U.S. has cooled after a frenzied post-pandemic housing boom. Ann Arbor, like many cities, is experiencing the effects of this market recalibration. Gone are the days when sellers could list their properties at inflated prices and expect competing offers within hours. Today, homes—including condos—are sitting on the market longer, forcing sellers to reconsider their pricing strategies.

2. Economic Influences

National and local economic factors also play a critical role. As of June 2025, interest rates remain elevated compared to their historical lows. Higher mortgage rates directly impact affordability for buyers. With borrowing costs rising, many prospective buyers are scaling down their budgets or opting to rent instead. This ultimately reduces demand for condos, putting downward pressure on prices.

Additionally, uncertainties in the broader economy, such as concerns about inflation or possible recessionary trends, may be making buyers more cautious. Economic uncertainty often translates to softer real estate markets.

3. Increase in Inventory

Another part of the equation is an increase in condo inventory. Over the last few years, Ann Arbor has seen a rise in new condo developments catering to its growing population of students, professionals, and retirees. In May 2025, Ann Arbor saw a 28% increase in listings compared with May 2024. While this increase in supply is great for buyers, it means sellers now face more competition. When buyers have more options, sellers must be willing to negotiate or lower their asking prices to make their listings stand out.

4. Potential Overpricing

Some sellers in Ann Arbor may have initially priced their condos too high. This might be due to lingering expectations from the seller-friendly market of recent years or a misunderstanding of current conditions. When a home sits on the market without generating enough interest, sellers often opt for price reductions to attract a new buyer pool, get offers, and avoid prolonged market exposure.

The Impact on Buyers and Sellers

Price reductions affect buyers and sellers in different ways, and understanding these impacts can help you make informed decisions.

For Buyers

Price reductions present an opportunity, especially for those who have been struggling to break into the competitive housing market. Here’s what buyers can expect:

• More Negotiating Power: Buyers may find they have an edge when making offers, as sellers are more motivated to close deals.
• Wider Choices: Since inventory levels are higher, buyers can take their time to explore more options and make decisions that align with both their preferences and budgets.
• Affordability Considerations: Although sellers are reducing prices, higher mortgage rates may still make monthly payments a challenge. Ensure you run the numbers carefully before committing.

For Sellers

If you’re selling your condo in Ann Arbor, this environment can feel more challenging. However, understanding the reality of today’s market can help you adjust your approach:

• Pricing Strategically: Setting a realistic price from the beginning is critical to attracting buyers. Consider consulting with a local real estate professional who understands current market trends.
• Considering Pre-Listing Improvements: Enhancing your condo’s appeal through small upgrades or staging can help it sell faster, even in a cooling market.
• Being Patient and Flexible: Be prepared for the possibility of longer listing times and the need to negotiate with buyers.

Navigating the Current Market

Whether you’re a prospective buyer or a seller, here are some tips for navigating today’s Ann Arbor condo market:

Advice for Buyers

1. Know Your Budget: With changing market conditions and higher mortgage rates, determine what you can comfortably afford before starting your search.
2. Be Prepared to Compromise: While inventory is higher, the perfect property may still come at a premium. Know your non-negotiables and be willing to compromise on other aspects.
3. Time Your Offers Strategically: Staying informed about price reductions and market dynamics can help you make well-timed offers, potentially securing a great deal.

Advice for Sellers

1. Work with a Pro: An experienced real estate agent familiar with Ann Arbor’s unique market can provide pricing strategies that help your condo remain competitive.
2. Focus on Presentation: Ensure your condo makes a strong first impression with prospective buyers. This could include staging, professional photos, or hosting open houses.
3. Adjust Quickly: If your condo isn’t generating interest after a couple of weeks, reevaluate your strategy. This might mean a price adjustment or additional marketing efforts. Typically, if you’ve had 10-12 showings and no offers, you’re 4-6% over list price, and if you’ve had no showings, you’re 10% over.

Looking Ahead

The Ann Arbor market is undergoing a period of recalibration, which may continue through 2025. While this isn’t ideal for every seller, it’s a necessary part of balancing supply and demand, paving the way for more sustainable market conditions in the long term. If you’re planning to buy or sell a condo, staying informed and adapting to these changes will help you make the most of today’s real estate landscape.

Whether you’re a first-time homebuyer or a seasoned property owner, preparing for these shifts is key. Taking proactive steps now can lead to better opportunities in the months ahead. Contact us today at The Bouma Group, Realtors at 734-761-3060 or info@condohotline.com and let’s get your condo priced correctly to sell!

Buyers, start your Ann Arbor Condo search here!

6 Condo Complexes Within Walking Distance of University of Michigan Medical Center

If you’re a University of Michigan medical professional, resident, student, or hospital employee, convenience is likely high on your list of home-buying priorities. What if we told you there are condo communities in downtown Ann Arbor that cut down your commute to the University of Michigan Medical Center and offer vibrant city living and outdoor amenities?

Here’s your guide to six incredible condo communities, all within walking distance of the University of Michigan Med Center!

1. River House

River House is a gem for anyone looking for affordability paired with convenience. Just steps away from the UMich Medical Center, it offers an unbeatable combination of downtown Ann Arbor living and proximity to nature. With Island Park and the Border-to-Border Trail nearby, outdoor enthusiasts will love this location. River House condos are also close to North Campus and the campus bus route, making getting around the city even easier. Price points here are typically on the lower end of the spectrum, starting at around $250,000.

Key Features:

• Affordable entry price
• Ranch-style units in 2-story buildings
• Community pool tucked within the complex
• Carport and guest parking
• Quick access to Island Park and Fuller Pool, Park, and Fields
• Learn more about River House

2. Riverside Park Place

Nestled next to gorgeous Riverside Park and the Huron River, Riverside Park Place offers stunning views and immediate access to green spaces. This high-rise condo building is perfect for those who enjoy the energy of city life balanced with tranquil outdoor escapes. It’s a short stroll to the Med Center, and Lower Town’s shops and restaurants are just around the corner.

Key Features:

• Steps from Riverside Park, the B2B Trail, and the Huron River
• Proximity to the Kellogg Eye Center and Lower Town
• Community pool and fitness center
• Learn more about Riverside Park Place

Prices at Riverside Park Place start at approximately $300,000 and occasionally reach higher tiers depending on square footage and views.

3. Broadway Condos

Broadway Condos blend suburban serenity with downtown energy. Just a five-minute walk to UMich Med Center, these 14 condos truly embody “location, location, location.” With Broadway Park, Argo Park and Canoe Livery, and Island Park nearby, you can immerse yourself in Ann Arbor’s outdoors whenever you need a break. These properties are a favorite for students and young professionals working in healthcare.

Key Features:

• Close to multiple parks, including Broadway and Island Parks
• Quiet, tree-lined surroundings with urban convenience
• Quick access to Lower Town restaurants and shopping
• Learn more about Broadway Condos

Condos at Broadway average $400,000 and typically have 1 sale per year.

4. Nielsen Square

Modern design meets urban convenience at Nielsen Square. This condo community is ideal for anyone looking for townhouse style living close to the hustle and bustle of downtown Ann Arbor. It’s also within walking distance to the University of Michigan Medical Center and across the river from Fuller Park, which features ample opportunities for sports and outdoor activities.

Key Features:

• Modern and spacious condos
• Close to Fuller Park and Cedar Bend Nature Area
• Directly on the campus bus route
• Garage and guest parking
• Gazebo, picnic area, and grills
• Learn more about Nielsen Square

Expect to find these elegant condos priced between $450,000 to $525,000, offering great value for their amenities!

5. Catherine Commons

With a prime location, only 1 block from the medical center, Catherine Commons is perfect for medical professionals looking to strike a balance between work and leisure. These 2.5-story townhomes offer 2 bedrooms, plus a loft with a third, and 2.2 – 3.1 baths.

Key Features:

• Spacious, upscale condos with 2-car garage parking
• Lower levels for added living or storage space
• Proximity to the Med Center and UMich central campus
• Easy access to Ann Arbor’s best parks and trails
• Learn more about Catherine Commons

This small enclave of only 5 units had 2 sales in the past 5 years at $560,000 in 2020 and $620,000 in 2022.

6. Catherine Place

Rounding out our list is Catherine Place, another boutique condo option that emphasizes convenience. Located just 1 block from the Med Center, right next door to Catherine Commons, and close to Kerrytown’s lively shops, restaurants, and farmers market. Catherine Place is a bit more upscale but worth every penny for its combination of location and features. If you’re seeking a cozy vibe, with larger floor plans, Catherine Place is worth exploring.

Key Features:

• Luxury condo building with spacious units offering 4-5 bedrooms
• Walking distance to Kerrytown for shopping and dining
• Near campus bus routes and central campus
• Garage parking
• Learn more about Catherine Place

This building also has 5 units that rarely come to the market. Prices for Catherine Place condos are currently priced around $1,000,000.

Why These Communities Stand Out

All six of these condo communities share several standout features that make them perfect for University of Michigan Med staff, students, and residents:

• Proximity to Nature: With some of Ann Arbor’s best parks—like Argo, Fuller, and Island Lake—within walking distance, these communities offer a rare balance of urban and outdoor living.
• Vibrant Downtown Living: These condos put you close to downtown Ann Arbor’s liveliest neighborhoods, featuring cafes, restaurants, shops, and venues.
• Convenience for Hospital Staff: Skip the traffic and lengthy commute—these locations give you precious minutes back in your day to unwind and relax.
• Transportation Access: With on-campus bus routes nearby, getting around is a breeze.

Final Thoughts

Living within walking distance of the University of Michigan Medical Center isn’t just convenient—it’s a lifestyle upgrade. Whether you’re looking for budget-friendly options like River House or luxury living at Catherine Place, these six condo communities cater to a wide range of needs and preferences.

If you’re considering making the move, our team is here to help. Contact us today to learn more about these exceptional properties or schedule a tour. Your next home is just around the corner! 734-761-3060 or info@bouma.com

Exciting New Construction Condo Developments in Ann Arbor, MI

New Construction Condos in Ann Arbor

Ann Arbor is a city that perfectly blends small-town charm with vibrant, urban living, making it one of the most desirable places to call home in America. Whether you’re seeking a contemporary townhouse or a luxury penthouse, Ann Arbor’s latest condo developments offer something for everyone. Here’s a look at some of the most exciting new construction condo projects currently taking shape in this incredible city.

Bristol Ridge – North Side of Ann Arbor

Bristol Ridge by Norfolk Homes is a standout option for those seeking spacious townhome living. Nestled on the north side of Ann Arbor, this stylish community offers townhome-style condos priced between $500,000 and $650,000. With thoughtful designs, modern interiors, and proximity to nearby parks and shopping areas, Bristol Ridge offers the perfect balance of suburban tranquility and urban convenience.

212 Miller Ave. – Downtown Ann Arbor

 

Want to live in the heart of Ann Arbor’s bustling downtown? 212 Miller Ave. is the perfect choice. This boutique 8-unit condo development, designed by Hobbs & Black, epitomizes modern downtown living. With units ranging from $750,000 to $1,500,000, residents enjoy sleek modern designs within walking distance of the city’s best restaurants, shops, and cultural attractions.

330 Detroit Street – Downtown Ann Arbor

If the iconic “Flat Iron” building designs inspire you, then 330 Detroit Street is a must-see. Located right in Kerrytown, this striking 15-unit condo building by Marc Rueter and Associates offers distinctive, sophisticated urban living. With pricing between $1,345,000 and $1,695,000, these condos are ideal for those who appreciate bold architectural design and convenient access to all that Ann Arbor has to offer.

The J. Sinclair – Close to Downtown Ann Arbor

Experience luxury like never before at The J. Sinclair, a stunning 15-unit condo project offering penthouse-style residences near downtown Ann Arbor. This development, brought to life in a restored historic building by Hobbs & Black and Phoenix Contractors, radiates elegance. With prices starting at $2.8M, these high-end condos are perfect for those who value architectural beauty and exclusivity. These unique homes combine historical charm with the ultimate in contemporary luxury.

North Oaks – North Side of Ann Arbor

North Oaks, constructed by Toll Brothers, offers villa-style condos tailored for your needs. With first-floor primary suites, these homes combine comfort and luxury. Located on the north side of Ann Arbor, North Oaks features condos priced from $680,000 to $900,000, appealing to those looking for hassle-free, luxurious living.

Veridian at County Farm – South East Ann Arbor

For eco-conscious buyers, the Veridian at County Farm is a dream come true. Designed by Thrive Collaborative, this entirely green community is powered by solar energy and adheres to net-zero energy standards. Offering a range of options from studios to lofts to townhomes, this development starts at $300,000 and goes up to $990,000. If sustainable living in a vibrant, connected community sounds appealing, Veridian is worth exploring.

Townes on the Green – South Ann Arbor

Townes on the Green, built by Robertson Brothers Homes, offers stylish two- and three-level townhomes in South Ann Arbor. Priced from $480,000–$650,000, this community provides beautiful, modern-designed homes in a convenient location for those looking to settle in a close-knit neighborhood just minutes from local amenities.

The Gallery of Scio – West Side of Ann Arbor

For those searching for detached ranch-style condos, The Gallery of Scio in nearby Scio Township is a hidden gem. Constructed by Wexford Homes, this development combines the space of single-family homes with the convenience of condo living. Priced between $650,000 and $980,000, it’s a fantastic choice for buyers who prioritize privacy and tranquility while staying close to Ann Arbor.

Why Choose a New Construction Condo in Ann Arbor?

Ann Arbor’s new condo developments offer more than just a place to live—they provide a lifestyle. With modern designs, low-maintenance features, and premium locations, these condos allow residents to focus on enjoying everything Ann Arbor has to offer, from cultural events and top-tier restaurants to outdoor activities and a thriving local economy.

These communities are also designed with flexibility in mind, making them suitable for a wide range of buyers. Whether you’re a young professional seeking urban living, a family looking for easy access to schools, or a retiree downsizing into a low-maintenance home, there is a place for you.

And when you choose a new construction condo, you’re also buying into the latest building techniques, energy-efficient features, and contemporary home technologies—ensuring long-term comfort and peace of mind.

Find Your Dream Condo

Ann Arbor’s dynamic real estate market is buzzing with opportunities to find or customize your dream home. Whether you’re drawn to the eco-friendly innovation of Veridian at County Farm, the luxurious penthouses at The J. Sinclair, or the suburban charm of The Gallery at Scio, there has never been a better time to explore your options.

Need help navigating the market or selecting the perfect condo for you? Our team of local experts is here to guide you. Don’t go it alone, we’re here to represent you in new construction. You do not pay the builder extra for your own representation! We’re passionate about helping you find a home that fits your lifestyle and budget—and we can’t wait to get started.

Contact us today at The Bouma Group, Realtors and take the first step toward your new Ann Arbor Condo! 734-761-3060 or info@condohotline.com

Why Moving to a Condo or Smaller Home After Retirement Makes Life Easier

Retiring? Moving to a Condo or Smaller Home May Be for You!

Retirement is a time for relaxation, adventure, and enjoying the things you love. As you imagine this exciting new chapter in your life, it’s important to think about whether your current home still fits your needs.

If it’s too big, too costly, or just not convenient anymore, downsizing might help you make the most of your retirement years. To find out if a smaller, more manageable home might be the perfect fit for your new lifestyle, ask yourself these questions:

• Do the original reasons I bought my current house still stand, or have my needs changed since then?
• Do I really need and want the space I have right now, or could somewhere smaller be a better fit?
• What are my housing expenses right now, and how much do I want to try to save by downsizing?

If you answered yes to any of these, consider the benefits that come with downsizing.

The Benefits of Moving into a Smaller Home

There are many reasons why you should downsize. Here are just a few from Bankrate:

Your Equity Can Help Make Downsizing Possible

If those perks sound like something you’d want, you may already have what you need to make it happen. A recent article from Seniors Guide shares:

“And at a time when homeowners age 62 and older have more than $12 trillion in home equity, downsizing makes sense . . .”

If you’ve been in your house for a while, odds are you’re one of those homeowners who’s built up a considerable amount of equity. And that equity is something you can use to help you buy a home that better fits your needs today. Greg McBride, Chief Financial Analyst at Bankrate, explains:

“Downsizing can mean taking that equity when the home is sold and using it to pay cash or make a large down payment on a lower-priced home, reducing your monthly living expenses.”

When you’re ready to use all that equity to fuel your next move, your real estate agent will be your guide through every step of the process. That includes setting the right price for your current house when you sell, finding the home that best fits your evolving needs, and understanding what you can afford at today’s mortgage rate.

Bottom Line

Starting your retirement journey? Think about downsizing – it could really help make your life easier and more enjoyable. To explore your options, contact the Ann Arbor Condo specialists with The Bouma Group at 734-761-3060 or info@bouma.com today! Check out condo complexes in the Ann Arbor area here!

Holiday Home Selling: Making the Most of the Winter Magic!

Holiday Home Selling in Ann Arbor

Key Facts:

• Unique Winter Market: Fewer listings mean more attention for your condo or home.
• Digital Marketing Focus: Virtual tours and online listings attract busy holiday buyers.
• Holiday Home Selling Tactics: Flexibility and festive marketing make your condo stand out.

Selling your Ann Arbor condo or home during the winter holidays? It’s an exciting time! There’s so much to explore in this festive season. Let’s dive into the wonderful opportunities this time of year offers, from tapping into market trends to rocking your digital showcase!

The Winter Market: A Land of Opportunity

Think the winter holidays are a quiet time for real estate? Think again! It’s a period brimming with possibilities. With fewer properties on the market, yours gets to be the star of the show, drawing in those eager buyers. Highlight those cozy winter features – like your snug fireplace or efficient heating – and watch buyers fall in love.

Digital Marketing: Your Holiday Hero

In this digital era, a stellar online presence can really set your home apart. Imagine potential buyers scrolling through their feeds, only to be captivated by the virtual tour of your beautifully presented condominium or home. It’s a fantastic way to connect with buyers who are juggling holiday plans or traveling. And hey, who doesn’t love house hunting from their couch?

Showings with a Sprinkle of Flexibility

Holiday schedules can be hectic, right? Offering flexible showing times can make all the difference. Whether it’s a virtual showing or a private tour at a convenient time, it’s all about making it easy for buyers to see and fall in love with your listing.

Negotiating with Holiday Cheer

The holiday spirit can often bring a quicker pace to negotiations. Buyers are excited to settle into their new place for the new year, and who can blame them? Be ready for some spirited discussions, but remember, patience can lead to that perfect offer.

Holiday-Themed Marketing: Fun and Festive!

Let’s get creative with our marketing! It’s the perfect time to showcase how wonderful your condo or home is for hosting holiday events or how it’s the ideal retreat after a day in the cold. It’s about capturing the essence of the season while showing off your home’s features like ample storage for holiday decorations or a cozy indoor space for entertaining.

Wrapping It Up

The winter holiday season is a prime opportunity to present your property in a special light! With the right approach to market dynamics, a dash of digital marketing magic, and a sprinkle of holiday spirit, you’re set for a successful sale. Remember, this time of year can bring a unique sense of excitement to buyers, making it a wonderful time to showcase your home. Ready to learn about your tailored marketing plan to get your condo sold? Contact us today at info@condohotline.com or give us a call at 734-761-3060 today!

Taking the Fear out of Saving for a Condo or Home

Condo Buying Has Gone Virtual!

Today’s everyday reality is pretty different than it looked just a few weeks ago. We’re learning how to do a lot of things in new ways, from how we work remotely to how we engage with our friends and neighbors. Almost everything right now is shifting to a virtual format. One of the big changes we’re adapting to is the revisions to the common real estate transaction, which all vary by state and locality. Technology, however, is making it possible for many of us to continue on the quest for homeownership, an essential need for all.

Here’s a look at some of the elements of the process that are changing (at least in the near-term), due to stay-at-home orders and social distancing, and what you may need to know about each one if you’re thinking of buying or selling a home sooner rather than later. (more…)