With inventory still precipitously low, new construction is playing a bigger role in the market. Fifteen percent of the homes whose title transfers were publicly recorded since last month’s map are newly built.
National builder Toll Brothers has eight entries on this month’s map. Five townhouse and “villa” condos in the North Oaks development off Nixon Rd. fetched prices ranging from $465,200 to $753,436. In the company’s Trailwoods sub in Scio Township, on the far western boundary of the Ann Arbor school district, three single-family homes sold in a much narrower range of $451,471 to $541,694.
New construction accounted for nearly 30 percent of recorded transfers in Pittsfield Township, including seven condos in Pulte’s Bella Vista neighborhood off Ann Arbor–Saline Rd. In March, contractors could be seen there working as late as 7:30 p.m. in diminishing daylight. The condos sold for $435,215 to $474,075; Bella Vista also includes single-family homes, but none of those showed up this month.
Pulte also sold four single-family homes in its Inglewood Park sub at State and Textile, where owners have Ann Arbor addresses but students attend Saline schools. A home at 552 Wishing Tree Ln. went for $450,700, while 758 Groveland fetched $468,145.
Pulte’s Estates at Pittsfield Glen is taking shape on the west side of Platt Rd. just north of Michigan Ave. A single-family at 2778 Timber Glen Dr. fetched $633,600, while two condos on Whispering Springs sold for $372,465 and $325,495.
Homes also are selling fast in Arbor Ridge, Lombardo Homes’ community east of Carpenter Rd. just south of I-94. A ranch at 4139 Montith sold for $449,115; 4173 Montith, a 3318-square-foot two-story, brought $498,650.
Just southeast of the Platt-Michigan Ave. intersection, Arbor Farms Development has begun Phase Two of a neighborhood initially established in the mid-1990s. A home at 6498 Hawthorne Ave. (a brand-new street that GIS systems may confuse with the Hawthorne Ave. in Ypsi Township and Ann Arbor’s Hawthorne Rd.) sold for $389,990.
The most expensive home on this month’s map, 2211 Devonshire, went for $1.2 million. Reinhart Realtor Jean Wedemeyer’s listing noted that it was once the home of a former U.S. Secretary of the Treasury. Michael Blumenthal was a refugee from Nazi Germany who was an economic advisor to presidents Kennedy, Johnson, and Carter.
