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

Ann Arbor Condo Market: Q3 2025 Recap and Sales

New Ann Arbor Condo? The Challenge of a Quick Resale

Selling a New Condo in Ann Arbor? How to Compete & Win

That feeling of stepping into a brand-new condo is unbeatable. Everything is fresh, modern, and perfectly yours. In a vibrant city like Ann Arbor, new construction communities offer the latest amenities and a low-maintenance lifestyle that’s hard to resist. But what happens if life throws you a curveball and you need to sell sooner than you planned?

When you buy into a community where the builder is still active, selling your nearly new Ann Arbor condo can present some unique challenges. You might find yourself in direct competition with the very builder you bought from. We believe in empowering you with insightful knowledge, so let’s explore the dynamics of this situation and how you can navigate it smartly.

Why Buying New is So Appealing

First, let’s look at why so many people are drawn to new construction condos in Ann Arbor. These properties often come with a premium price tag, but for good reason.

• Modern Amenities: New builds feature contemporary designs, open floor plans, and the latest smart home technology.
• Energy Efficiency: With new appliances, windows, and insulation, you can expect lower utility bills.
• Builder Incentives: Developers often offer attractive perks to the first wave of buyers. These can include closing cost assistance, interest rate buy-downs, or free upgrades, making the deal even sweeter.

These benefits create a wonderful living experience. The challenge only arises when an unexpected job transfer, family change, or new opportunity means you have to put your new home on the market while the community is still being built out.

The Seller’s Dilemma: Competing with the Builder

When you decide to sell your recently purchased condo, you’re no longer just another listing on the market. You are now in direct competition with the developer, who has some significant advantages.

The Builder’s Edge

Developers have deep pockets and a singular goal: to sell their remaining units. They can offer incentives that are difficult for an individual seller to match. A potential buyer looking at your condo might also be looking at a brand-new, never-lived-in unit down the street, which comes with builder-backed promotions.

This can put you in a tough spot. Buyers may prefer to go directly to the builder to get those perks, even if your condo is nearly identical.

The “Brand-New” Premium Fades

There’s a certain magic to being the very first person to live in a home. Once you’ve lived in it, even for a short time, the unit is no longer “brand new.” It’s now a resale property. Like driving a new car off the lot, some of the initial premium value can diminish. Buyers comparing your home to an untouched unit from the builder may perceive yours as slightly less desirable, which could impact the price they’re willing to pay.

Added Costs for Sellers

As a seller, you’ll have costs that the builder doesn’t. The most significant of these is the real estate agent’s commission. While this investment provides you with expert marketing and negotiation, it’s a line item that affects your net proceeds. Builders have their own sales teams and don’t factor in commissions in the same way, allowing them to be more flexible on their final price.

Strategies for Standing Out in a Saturated Market

Facing these challenges doesn’t mean you can’t achieve a successful sale. It just means you need a smart, targeted strategy. We’re here to provide expert guidance every step of the way, and these tips can help you position your new Ann Arbor condo for success.

1. Price Competitively and Intelligently

Pricing is your most powerful tool. Work with your Realtor to conduct a detailed comparative market analysis. This isn’t just about looking at other resales; it’s about understanding what the builder is offering. You may need to price your unit slightly below the builder’s current offerings to capture the attention of savvy buyers. The goal is to present a clear value proposition: a nearly identical home for a more attractive price.

2. Highlight Your Unique Upgrades

Did you install custom closets after you moved in? Upgrade the light fixtures or add high-end window treatments? These are your secret weapons. The builder’s model units are often staged, but the base units may be quite plain. Your thoughtful, high-quality upgrades can make your condo feel more complete and luxurious than what the builder offers as standard.

Create a feature sheet that lists every upgrade and its value. This helps buyers see that they are getting more for their money with your home.

3. Emphasize the “Move-In Ready” Advantage

One of the biggest pain points for buyers of new construction is the potential for delays. Construction timelines can be unpredictable, and waiting months for a unit to be finished isn’t ideal for everyone.

You can offer something the builder can’t: immediate occupancy. Market your condo as a move-in-ready solution for buyers who need to relocate quickly. This is a powerful selling point for professionals moving to Ann Arbor for a new job or anyone on a tight timeline.

4. Consider Offering Your Own Incentives

If the builder is offering to cover closing costs, you might consider doing the same. While it impacts your bottom line, it can make your listing competitive and attract serious offers. You could also offer to include certain appliances or pieces of furniture that you’ve added, sweetening the deal for a buyer who wants a turnkey home.

5. Leverage Professional Staging and Marketing

Your condo needs to look its best. Professional photos, a high-quality virtual tour, and impeccable staging will make your listing pop. While the builder has a model home, you have a real, warm, and inviting home. Showcasing that lived-in charm can create an emotional connection with buyers that a sterile, empty unit cannot. Your Realtor’s expertise in marketing will be crucial here.

Your Partner in the Ann Arbor Market

Navigating the Ann Arbor condo market requires local knowledge and a steady hand. Selling a new construction condo in a developing community adds another layer of complexity, but it’s a challenge that can be successfully met with the right approach.

By pricing smartly, highlighting your unique advantages, and working with an expert team, you can confidently position your property to attract the right buyer. If you find yourself in this situation, know that you have options and a partner ready to help you navigate the market. Contact us today at The Bouma Group, Realtors at 734-761-3060 or info@condohotline.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

Ann Arbor Condo Spring 2024 Market Update

Ann Arbor Condo Spring 2024

The Ann Arbor condo market is buzzing with activity as we advance into the Spring of 2024. The city, always evolving and dynamic, showcases its versatility in the real estate market. With a diverse range of available properties, from the most accessible to the pinnacle of luxury, there is movement across all segments.

Active listings sit at a substantial 80 condos. The market’s temperature can be further inferred from the 52 of these condos are already under contract, hinting at the high demand for living spaces in this vibrant city.

For those on the lookout for affordable options, Ann Arbor extends an inviting hand. Of the 25 condos listed under the $300,000 mark, a striking 80% are under contract—a clear message about the competitive nature of this price segment. The fact that the lowest-priced condo at $178,000 is also under contract is a testament to the allure of more reasonably priced homes, encouraging quick action from buyers.

The luxury market stands strong at the opposite end of the spectrum. A condo boasts the highest price tag at a whopping $1,950,000, setting a benchmark for the opulence available within Ann Arbor’s condo offerings.

New Construction Condos

New construction continues to play a significant role in Ann Arbor’s real estate narrative with 44 condos listed for sale. This marks an encouraging sign of growth, ensuring the market remains vibrant and caters to modern tastes and standards. Most remarkably, an overwhelming majority of these new properties—27 out of 44—are already under contract, a nod to their desirability and the city’s relentless appeal.

Sold Condos

So far this year, 111 condos have already sailed past the sold status. These units ranged from a more affordable $130,000 to a grand $1,400,000, indicative of the diverse buyers in the Ann Arbor market. For those eyeing the statistics, the average sale price sits at $411,611, with the average price per square foot rounding out at $301. These numbers aren’t just digits; they’re a benchmark of the value that Ann Arbor condos hold and a metric for prospective investors or homeowners to consider.

In summary, the Spring 2024 Ann Arbor condo market is lively and diverse. With a strong start to 2024, and the trend showing a weighted distribution towards seller advantage, now might be the perfect time to consider stepping into or moving up within this dynamic market. Whether you’re searching for affordability or opulence, Ann Arbor’s condos are opening their doors to meet you halfway. Contact us today for a curated list of units as soon as they hit the market at 734-761-3060 or info@condohotline.com.

Ann Arbor Condo Market Update – Fall 2023

Ann Arbor Condo Market Update for Fall 2023

The Fall 2023 condo real estate market is here and with it the hopes of a renewed increase in buyer activity. But first, let’s take a look at the statistics from the first half of the year.

Year-to-Date Condo Stats

Comparing statistics from the first half of 2022 to 2023 we’ve seen:

• New listings decreased by 16.8% going from 917 to 763 condos listed for sale YTD.
• Pending sales, the number of units that have gone under contract with a buyer, decreased 5.8% from 728 last year to 686 this year.
• 740 condos closed last year with 634 this year making a 14.3% decrease.
• Average sale price increased by 2.7% bringing it to $353,761.

April was the top listing month with 135 condos listed for sale and was also the busiest month for buyer activity with 146 pended units. June had the most closings with 114, which makes sense since it typically takes 30-45 days to close from the time of a bottom-lined offer. Due to the shrinking number of condos being listed for sale, the average sale price is continuing to increase because of a lack of availability. Prices will likely begin to stabilize once more inventory becomes available and that may not happen until mortgage interest rates cool off.

Downtown Ann Arbor Condos

In the downtown Ann Arbor area, there are currently 25 active listings, plus 10 pending with a buyer. So far this year, 71 condos have sold with an average sale price of $567,586. Compared to this time last year, there were 106 sales with an average sale price of $525,528. The number of closed sales decreased by 33% YTD and the average sale price increased by 8% following the trend of all Ann Arbor condos.

Fall 2023

The Ann Arbor condo market is beginning the fall season with 130 units listed for sale with 57 of those under contract. That leaves 69 condos available for a buyer to purchase. 38 of these are new construction with 14 under contract. Let’s take a look by price point:

With mortgage interest rates still climbing, affordability comes into play as you can see by the slower movement in the higher price points. Buyers need to remain vigilant in their search and be aware when new listings come to the market. Sellers, in higher price points especially, need a Realtor who knows their market niche and the inuendos of their community so they price accordingly. For more information on buying and selling in the Ann Arbor Condo market, contact the Real Estate specialists with The Bouma Group at 734-761-3060 or info@condohotline.com today!

Data was gathered from the Ann Arbor Area Board of Realtors