What is happening in the Saline Real Estate market?  How much are homes selling for with regard to average Sales Price per Square Feet?  So far in 2009, the average sold price per square foot is $108.28.

saline

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 hovering around $110 per square foot over the last 12 months.

  JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV
Listings 243 192 237 258 294 257 269 297 229 268 242
Under Contract 14 21 22 14 16 35 15 35 15 15 14
Sales Past 12 Months 290 213 194 189 342 238 302 302 292 290 291
Absorption Rate 24.17 17.75 16.17 15.75 28.5 19.8 25.2 25.2 24.3 24.2 24.25
Months Supply  10.06 10.82 14.66 16.38 10.32 12.96 10.69 11.8 9.41 11.09 9.98
Homes in the Saline Real Estate market time has remained about the same as last, now at 11 months of supply. If no other Saline residential homes were put on the market, it would take 11 months to sell these homes. Shown in chart below, Saline asking prices were up 7 percent from November 08' to November 09' and median sold prices were up 35 percent for this time frame.  saline-price-for-sale-up-7-sold-down-35 The chart below shows that the number of home for sale from November 08' vs. November 09' were UP  1 percent and number of homes sold during this timeframe were up 6 percent. saline-units-for-sale-up-1-down-6 Over the last 12 months 291 homes have sold ranging in bedrooms 1 to 6 and baths from 1 to 5.  The largest home sold was 8000 square feet and smallest was 815 sf..  The highest list price was $1,600,000 to smallest was $37,900. The highest sale price was $1600,000; average sold price is $252,478 down from $262,061 last month.  Sellers are receiving an average sold price compared to list price of 95%.   There are 242 (vs. 264 last month) active Saline homes for sale ranging from 1 bedroom to 6 and 1 baths to 5.  The largest home is 11,237 square foot and the smallest is 888.  The highest list price is $2,600,000 down to $100,000. 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 24 foreclosures in Saline now. 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.
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