Over the last 12 months 258 homes have sold ranging in bedrooms 2 to 6 and baths from 1 to 5. The home sizes sold ranged from 768 square feet to 11,237 sf. The list prices were from $40,000 to $2,500,000. The highest sale price was $2,100,000; average sold price for the year was $269,139. Sellers received an average sold price compared to list price of 96%.
There are 231 (vs. 252 last month) active Saline homes for sale ranging from 1 bedroom to 6 and 1 baths to 6. The homes range in size from 590 square foot to 7,168 square foot. The list prices are from $23,700 to $2,750,000.
There is a ten month supply of Saline homes. If no other Saline residential homes were put on the market, it would take about ten months to sell these homes. Anything over 6 months is a buyers market.
Shown in chart below, Saline asking prices were up 0.7 percent from October ′09 to October '10 and median sold prices are down 15.1 percent for this time frame.
The chart below shows that the number of homes for sale from October '09 vs. October '10 is down 24.5 percent and number of homes sold during this time frame is down 26.3 percent.
All in all it remains a buyers market regarding Saline Real Estate with a buffet of opportunity, low interest rates and affordable homes. There are at many bank owned homes and many short sales. To find shortsales, click here. 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 a Saline couple sell their condo and move to Pinckney on House Hunters HGTV.
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