10 most expensive homes sold in Ann Arbor, Dec. 30 – Jan. 5

Key Takeaways:

• A home sold for $1.1 million leads this week’s sales in Ann Arbor.
• Seventeen residential properties were sold this week, averaging $490,218 per sale.
• The average price per square foot was $333, with some properties exceeding $600 per square foot.
• Properties sold ranged from a $340,000 condominium to million-dollar homes, showcasing market diversity.
• Sales included both historic homes and modern constructions, reflecting the city’s varied architectural landscape.

Ann Arbor’s Real Estate Highlights of the Week

An impressive surge in Ann Arbor’s real estate market saw seventeen residential properties change hands during the past week, with a standout sale of a home exceeding $1 million. This activity underscores the city’s dynamic and diverse housing landscape.

Market Summary

The total value of residential real estate sales reached an average price of $490,218 per property. Homes averaged $333 per square foot , indicating strong property values in the area. The prices reported reflect titles recorded during the week of December 30, even if sales were finalized earlier.

Top Property Sales

2089 Hollow Oak Drive

Leading the list, the detached house at 2089 Hollow Oak Drive sold for $1,145,000 . Built in 2004 , this spacious home offers 3,218 square feet of living space, with a price of $356 per square foot . The deal was finalized on December 20.

1603 South University Avenue

The property at 1603 S. University Avenue has new owners after a sale price of $790,000 . This historic home, built in 1901 , encompasses 1,269 square feet . With a price per square foot of $623 , it stands out for its high value per area. The transaction was completed on December 19.

711 Hutchins Avenue

Sold for $625,000 , the single-family home at 711 Hutchins Avenue offers a blend of historical charm and modern value. Built in 1941 , the 1,208 square-foot residence fetched $517 per square foot . The transfer of ownership was settled in December, finalizing on December 19.

Diversity in Sales

The week’s sales highlight the variety within Ann Arbor’s real estate market:

• 771 Peninsula Court : This 1,516 square-foot condominium sold for $340,000 , equating to $224 per square foot . Built in 1976 , it’s an example of more affordable housing options in the city. The deal was finalized on December 19.

• 2006 Arborview Boulevard

• Sold for $373,000

• 864 square feet
• $432 per square foot
• Built in 1956

• Finalized on December 20

• 1900 Dunmore Road

• Sold for $541,000

• 1,395 square feet
• $388 per square foot
• Built in 1957

• Finalized on December 20

• 4190 Glen Eagles Court

• Sold for $585,500

• 2,162 square feet
• $271 per square foot
• Built in 1989

• Finalized on December 20

• 2035 Mershon Drive

• Sold for $586,494

• 2,330 square feet
• $252 per square foot
• Built in 1966
• Finalized on December 20

Market Insights

These transactions reflect a robust real estate market in Ann Arbor, with properties spanning a wide price range and catering to diverse buyer preferences. The mix of historic homes and newer constructions indicates a rich architectural heritage combined with modern development.

Data Source

Real Estate Newswire is a service provided by United Robots, utilizing machine learning to analyze data from Propmix, an aggregator of national real-estate information.