Saline Real Estate Has One Year Supply of Homes
Friday, January 22, 2010
Lets see what is happening in the Saline Real Estate market? How much are homes selling for with regard to average Sales Price per Square Feet? In 2009, the average sold price per square foot hovers around $108.28, and is staying above $100.00 per square foot.
The chart provided by Affinity Valuations, appraisal company, shows the trend line of average sale price per square feet sold in Saline schools over the last 12 months. As you can see, the price dipped last month but the trend line shows prices increase slightly over the last 12 months.
Homes in the Saline Real Estate market time has 12 months of supply. If no other Saline residential homes were put on the market, it would take 12 months to sell these homes. Anything over 7 months is a buyers market.
Shown in chart below, Saline asking prices were up 10 percent from December 08′ to December 09′ and median sold prices were up 14 percent for this time frame.
The chart below shows that the number of home for sale from December 08′ vs. December 09′ were UP 7 percent and number of homes sold during this timeframe were up 16 percent.
Over the last 12 months 289 homes have sold ranging in bedrooms 2 to 6 and baths from 1 to 5. The home sizes sold ranged from 816 square feet to 8000 sf. The list prices were from $37,900 to $1,600,000. The highest sale price was $1600,000; average sold price for the year was $259,893 up from $252,478 last month. Sellers received an average sold price compared to list price of 96%.
There are 224 (vs. 242 last month) active Saline homes for sale ranging from 1 bedroom to 6 and 1 baths to 5. The homes range in size from 943 square foot to 11,237 square foot. The list prices are from $92,900 to$2,500,000.
All in all it remains a buyers market regarding Saline Real Estate with a buffett of opportunity, low interest rates and affordable homes. There are at least 10 non private owned homes with many short sales. To buy the book Should I Short Sale My home, click here. With all Saline has to offer, it’s no wonder CNN/Money Magazine once again named us one of the country’s top 100 “Best Places to Live” out of more than 1,300 cities ranked.
Incidentally, watch us help Saline couple sell their condo and move to Pinckney on House Hunters HGTV.
Find out what your Ann Arbor Area Home is Worth
Search all listings in Michigan with pictures and tours...Free!
Your Home Sold Guaranteed
Kathy Toth & Team: Ann Arbor Area Real Estate Experts
www.KathyToth.com Ann Arbor Market Center Keller Williams Realty
Homes in the Saline Real Estate market time has 12 months of supply. If no other Saline residential homes were put on the market, it would take 12 months to sell these homes. Anything over 7 months is a buyers market.
Shown in chart below, Saline asking prices were up 10 percent from December 08′ to December 09′ and median sold prices were up 14 percent for this time frame.
The chart below shows that the number of home for sale from December 08′ vs. December 09′ were UP 7 percent and number of homes sold during this timeframe were up 16 percent.
Over the last 12 months 289 homes have sold ranging in bedrooms 2 to 6 and baths from 1 to 5. The home sizes sold ranged from 816 square feet to 8000 sf. The list prices were from $37,900 to $1,600,000. The highest sale price was $1600,000; average sold price for the year was $259,893 up from $252,478 last month. Sellers received an average sold price compared to list price of 96%.
There are 224 (vs. 242 last month) active Saline homes for sale ranging from 1 bedroom to 6 and 1 baths to 5. The homes range in size from 943 square foot to 11,237 square foot. The list prices are from $92,900 to$2,500,000.
All in all it remains a buyers market regarding Saline Real Estate with a buffett of opportunity, low interest rates and affordable homes. There are at least 10 non private owned homes with many short sales. To buy the book Should I Short Sale My home, click here. With all Saline has to offer, it’s no wonder CNN/Money Magazine once again named us one of the country’s top 100 “Best Places to Live” out of more than 1,300 cities ranked.
Incidentally, watch us help Saline couple sell their condo and move to Pinckney on House Hunters HGTV.
Find out what your Ann Arbor Area Home is Worth
Search all listings in Michigan with pictures and tours...Free!
Your Home Sold Guaranteed
Kathy Toth & Team: Ann Arbor Area Real Estate Experts
www.KathyToth.com Ann Arbor Market Center Keller Williams Realty