Ann Arbor Real Estate Talk

Saline, Michigan Real Estate Market Reports

When I talk to buyers about the real estate market in Saline, I like to show a comparison of where the Saline Real Estate Market is now vs where we were the Saline Market was a year ago.

You can see from the chart below that the inventory in Saline, MI is DOWN. That is a good thing, unless you are a buyer looking in a certain price point or neighborhood.

Price of homes in Saline, Real Estate Market?

When working with buyers looking to purchase a home in Saline, Michigan it is important to know if the Saline Real Estate Market is consistent, down or increasing in value.

You can see from this graph that we hit a low ($192,000.) in March 2011 but now the price point is up to almost $220,000. This brings me back to the first point, inventory in Saline…Suppy vs Demand equals higher sale prices.

Saline Real Estate Market Report

The next chart is done monthly by Affinity Valuations, a local appraiser that I have known for years and trust completely.

I like this market report chart because Pete graphs out for the Saline, Michigan Real Estate Market data over a three year period. In this graph which Pete gleans from the Ann Arbor Area Board of Realtors, You can see the trend in price per square feet, number of sales each month.

The trend is price per square foot in Saline, Michigan has been consistent for the last three years.

Saline Real Estate Market Reports by email

On my Ann Arbor Real Estate Talk blog you can get monthly updates on the real estate market in Saline, either by checking back monthly or signing up for Executive Saline Real Estate Market Reports to be emailed to you.

What was the market like in July for the Ann Arbor Area ?

Well the news for July in Ann Arbor is really uplifting. Residential sales were up 29% over July 2010 with 331 closed transactions. There were 415 sales of all property types, which is a 10% increase.

The average sale price increased to $212,663. In July of 2010 the average sale price was $160,000.

Here are the stat’s for the individual school area’s. Which is how we search for homes in the Ann Arbor Area MLS.

//

Below is a map that connects to the market data reports for Ann Arbor, Saline and Ypsilanti Michigan.

When you click on the map you will be connected to the latest market data for the different area’s.

var partnerId = ’51042725′;
var chartServer = ‘charts.altosresearch.com’;
var regServer = ‘www.altosresearch.com’;

This week I was asked what is the average price per square foot of a home in Saline?

A few years ago I was working with an engineer who graphed every home we looked at in Saline on a graph. Saline was consistently around 148.00 to 152.00 a square foot.

Below is a chart of the average square foot for people buying a home in Saline,Mi.

Below is a graph by Pete Hendershot at Affinity Valuations a long time Saline resident and local Ann Arbor appraiser.

window.fbAsyncInit = function() {
FB.init({appId: “258847270794016″, status: true, cookie: true,
xfbml: true});
};
(function() {
var e = document.createElement(“script”); e.async = true;
e.src = document.location.protocol +
“//connect.facebook.net/en_US/all.js”;
document.getElementById(“fb-root”).appendChild(e);
}());

window.fbAsyncInit = function() {
FB.init({appId: “258847270794016″, status: true, cookie: true,
xfbml: true});
};
(function() {
var e = document.createElement(“script”); e.async = true;
e.src = document.location.protocol +
“//connect.facebook.net/en_US/all.js”;
document.getElementById(“fb-root”).appendChild(e);
}());

Ann Arbor zip code comparisons on home sales and inventory.

Ever wonder where home prices, are the highest in Ann Arbor?

Take a peak…

Well I thought this would happen, after the home buyer tax credit the amount of home sales in April of 2011 decreased by 17% from last April.

That is why we need to leave the market alone and let it adjust on it’s own.

The good news is we are up almost 10% from last month in Ann Arbor area home sales.The interest rates are still low which is amazing to me. But, exciting for the buyers working with Missy Caulk & TEAM.

Here are the graphs based broken down my area’s throughout Washtenaw County.

Condo Sales in Ann Arbor

Search the Ann Arbor Area MLS

Related articles

• Ann Arbor First Time Home Buyers in 2010 (annarborrealestatetalk.com)