Admin

Market snapshot - Bromley Park in Superior Twp

By
Real Estate Appraiser

 

 

Bromley Park

 

Typical Bromley houses

Bromley Park is a subdivision developed and built by Pulte Homes from 2002 through 2004, south of Geddes, north of Clark and east of Harris in Superior Township in the Willow Run Public school district. It encompasses the streets East and West Avondale Circle, Ravenshire, High Meadow, Wexford and Glenhill Drives. The subdivision has open green spaces to the west and to the north up to Geddes Road, and along the south and east there are many wooded views. Along the interior streets there are some areas with woods and walking paths. The development has a shared pool with the condominium development to the west.

Further information about Bromley Park can be located by accessing the development website at

http://www.bromleypark.org/

 

Recent market data:

From 1/1/13 through 1/1/14, there were 26 sales reported through the Ann Arbor Board of Realtors MLS in Bromley Park. Of these, seven were bank owned and two were short sales, leaving 17 sales that were arm’s length in nature (65.38% of the market).

From 1/1/12 through 1/1/13, there were 20 sales reported, of which eight were bank owned and six were short sales leaving six arm’s length sales (30% of the market). 

From 2012 to 2013 there was a rapid decline in the number of distress sales, which do show as helping the market recovery in this subdivision. As of 1/13/14 there were three houses for sale within the subdivision, two under contract and one available for sale. The two under contract are listed for $165,000 and $170,000 and are a short sale and a bank owned property, and the one that is currently available is arm’s length and offered for $199,900 and exposed to the market at this point for 53 days.

 

 

Data above was culled from the Ann Arbor Board of Realtors MLS and represents sales from 1/1/11 through 1/1/14