Saline Michigan Real Estate Market Update | September 2021

Every month Todd Waller dives deep into the previous month’s Saline Michigan real estate market stats and delivers exciting insights into the status of the Saline Michigan area real estate market. Subscribe to the Studio Four8 YouTube channel and never miss an update again!

Saline Michigan Real Estate Market

Walk through the numbers with Todd Waller

The September 2021 Saline real estate market continues to be a strong sellers market, with low inventory levels, strong price appreciation, and many over list price sales occurring. These September 2021 stats are compared to the previous year’s September 2020 statistics, which means for the year over year comparisons, numbers of transactions, and days on market can be skewed because there was a hot moment where real estate was effectively brought to a standstill. (Thanks, Covid-19.)

Average Sales Price

The average sales price for a single family property (house or condo) sold in Saline in the month of September 2021, was $466,181. Compared to September of 2020, this is up 3.12%. The median sales price also saw a jump in September. Median sales price fell 0.54% to $462,500, when comparing September 2020 to September 2021.

Days on Market

Properties sold in September of 2021 were on market for an average of 37 days. This is down 19.81% from September of 2020.

Properties Sold At or Above List Price

September of 2021 saw a 21.74% increase in the number of properties sold, compared to September of 2020, with a total of 56 properties receiving new owners.

A newly tracked statistic for the Studio is the percentage of properties each month that sell at or above list price. This metric is another way to gauge the supply/demand inequity in the Saline market. In September of 2021, 64.29% of the properties sold at or above list price.

When over half of all home sales are at or above list price, you can be sure that there is fierce competition among buyers for the limited stock of inventory that is coming to market. To be sure, Saline has seen a higher share of property selling at/above list for quite some time.

What to do With This Information?

If you own a place in Saline, or are thinking of purchasing in Saline, Studio Four8 is here to help you navigate the current market, regardless of the conditions. The current market conditions favor Saline sellers. This is evident by the short days on market, and the percentage of properties selling at and above list price. So, for sellers, this is a great time to be selling. Reach out to a Studio Four8 agent and learn how we maximize the market conditions for your specific home selling scenario.

For purchasers, this is a challenging market, to be sure. Chat with an agent at the Studio and learn how your offer will be considered by a seller, and how we can shorten your time looking for a property.

Saline Michigan’s Real Estate Market Snapshot Shareable Graphic

Saline Colonial For Sale | 662 Woodhill Dr, Saline, MI 48176

Saline Colonial For Sale

Classic Saline colonial for sale on a beautiful ½ acre lot, but with City water and sewer!

This one-owner home has a peaceful setting, with mature pear and apple trees right off the huge deck and patio.

A big front porch faces east, with the backyard capturing the evening sun.

An enormous family room with vaulted ceiling and fireplace is open to the kitchen. Breakfast area, formal dining and living room, of course – and there is also a private home office on the first floor.

The large mudroom off the garage could be converted to a first-floor laundry. Four generous bedrooms upstairs including a primary with en suite bath.

The basement is wide open, usable space and offers another office area with convenient  ½ bath.

This house is a great chance to move in and update the cosmetics, as nearly all the mechanicals have been updated: hot water heater, AC, furnace and roof all replaced within the past 3-5 yrs. New stove (’21) and hood (’20), driveway (’20), garage opener (’20). A solid home with a happy history and great location.

List Price:

$380,000

Details

Square Feet | 2,289
Bedrooms | 4
Baths | 2.2
Garage | 2 Parking Spots
Appliances | Range/Oven, Refrigerator, Microwave, Washer, Dryer

Ypsilanti home for sale

Contact Sara for More Information About this Saline Colonial For Sale

Brassow Woods home for Sale | 5510 Katz Farm Ct, Saline, MI 48176

Brassow Woods Home for Sale

Light, bright and beautiful, Brassow Woods home for sale on an acre of private, landscaped lawn and trees!

Saline schools and Lodi low taxes, halfway between Ann Arbor and Saline, this peaceful spot will win over buyers looking for a move-in ready home with large rooms and updated décor.

The open kitchen features a large island, stainless appliances and walk-in pantry. Two-story family room has a show-stopper fireplace, overlooking the west-facing backyard.

First floor with hardwood floors and updated lighting, a private home office with French doors, front living room and formal dining room. The laundry room is huge, with ample cabinet/storage space and new flooring.

Upstairs, find four bedrooms incl a princess/guest suite, Jack-n-Jill bath, and a bonus loft that makes for either a second home office or pleasant place to read and relax.

Primary bedroom with cathedral ceiling, walk-in closet and luxury bathroom: separate tub/shower, double sinks and massive amnt of counter space.

The backyard is sheltered with a perimeter of mature trees, plus a lovely deck and gazebo that will have you eating outside every possible evening! Unfinished basement is a blank slate for your future expansion. This home is offered through corporate Relocation; ask agent for addenda.

List Price:

$575,000

Details

Square Feet | 3,176
Bedrooms | 4
Baths | 3.1
Garage | 2 Parking Spots
Appliances | Range/Oven, Refrigerator, Microwave, Washer, Dryer

Ypsilanti home for sale

Contact Sara for More Information About this Brassow Woods Home for Sale

Saline Michigan Real Estate Market Update | July 2021

Every month Todd Waller dives deep into the previous month’s Saline Michigan real estate market stats and delivers exciting insights into the status of the Saline Michigan area real estate market. Subscribe to the Studio Four8 YouTube channel and never miss an update again!

Saline Michigan Real Estate Market

Walk through the numbers with Todd Waller

The July 2021 Saline real estate market continues to be a strong sellers market, with low inventory levels, strong price appreciation, and many over list price sales occurring. These July 2021 stats are compared to the previous year’s July 2020 statistics, which means for the year over year comparisons, numbers of transactions, and days on market can be skewed because there was a hot moment where real estate was effectively brought to a standstill. (Thanks, Covid-19.)

Average Sales Price

The average sales price for a single family property (house or condo) sold in Saline in the month of July 2021, was $473,751. Compared to July of 2020, this is up 10.91%. The median sales price also saw a jump in July. Median sales price rose 7.85% to $454,048, when comparing July 2020 to July 2021.

Days on Market

Properties sold in July of 2021 were on market for an average of 23 days. This is down 39.44% from July of 2020.

Properties Sold At or Above List Price

July of 2021 saw a 20.69% decrease in the number of properties sold, compared to July of 2020, with a total of 46 properties receiving new owners.

A newly tracked statistic for the Studio is the percentage of properties each month that sell at or above list price. This metric is another way to gauge the supply/demand inequity in the Saline market. In July of 2021, 69.57% of the properties sold at or above list price.

When over half of all home sales are at or above list price, you can be sure that there is fierce competition among buyers for the limited stock of inventory that is coming to market. To be sure, Saline has seen a higher share of property selling at/above list for quite some time.

What to do With This Information?

If you own a place in Saline, or are thinking of purchasing in Saline, Studio Four8 is here to help you navigate the current market, regardless of the conditions. The current market conditions favor Saline sellers. This is evident by the short days on market, and the percentage of properties selling at and above list price. So, for sellers, this is a great time to be selling. Reach out to a Studio Four8 agent and learn how we maximize the market conditions for your specific home selling scenario.

For purchasers, this is a challenging market, to be sure. Chat with an agent at the Studio and learn how your offer will be considered by a seller, and how we can shorten your time looking for a property.

Saline Michigan’s Real Estate Market Snapshot Shareable Graphic

Saline Michigan Real Estate Market Update | June 2021

Every month Todd Waller dives deep into the previous month’s Saline Michigan real estate market stats and delivers exciting insights into the status of the Saline Michigan area real estate market. Subscribe to the Studio Four8 YouTube channel and never miss an update again!

Saline Michigan Real Estate Market

The 2021 Saline real estate market continues to be a strong sellers market, with low inventory levels, strong price appreciation, and many over list price sales occurring. These June 2021 stats are compared to the previous year’s June 2020 statistics, which means for the year over year comparisons, numbers of transactions, and days on market can be skewed because there was a hot moment where real estate was effectively brought to a standstill. (Thanks, Covid-19.)

Average Sales Price

The average sales price for a single family property (house or condo) sold in Saline in the month of June 2021, was $476,232. Compared to June of 2020, this is up 15.30%. The median sales price also saw a pretty significant jump in June. Median sales price rose 22.24% to $473,390, when comparing June 2020 to June 2021.

Days on Market

Properties sold in June of 2021 were on market for an average of 89 days. This is up over 54% from June 2020. On the surface, this looks like the Saline market is overloaded with inventory. The reality is that there were three new construction listings that finally closed. They had been listed since 2016. Those three sales with 4 years of days on market were enough to push the average days on market up to nearly three months.

Properties Sold At or Above List Price

June of 2021 saw a 62.50% increase in the number of properties sold, compared to June of 2020, with a total of 65 properties receiving new owners.

A newly tracked statistic for the Studio is the percentage of properties each month that sell at or above list price. This metric is another way to gauge the supply/demand inequity in the Saline market. In June of 2021, 81.54% of the properties sold at or above list price.

When over 80% of all home sales are at or above list price, you can be sure that there is fierce competition among buyers for the limited stock of inventory that is coming to market. To be sure, Saline has seen a higher share of property selling at/above list for quite some time. For example, June of 2014 saw 70.37% of the 54 properties sell at or above list price.

What to do With This Information?

If you own a place in Saline, or are thinking of purchasing in Saline, Studio Four8 is here to help you navigate the current market, regardless of the conditions. The current market conditions favor Saline sellers. This is evident by the short days on market, and the percentage of properties selling at and above list price. So, for sellers, this is a great time to be selling. Reach out to a Studio Four8 agent and learn how we maximize the market conditions for your specific home selling scenario.

For purchasers, this is a challenging market, to be sure. Chat with an agent at the Studio and learn how your offer will be considered by a seller, and how we can shorten your time looking for a property.

Saline Michigan’s Real Estate Market Snapshot Shareable Graphic

Saline Real Estate Market Update | April 2021

Every month Todd Waller dives deep into the previous month’s real estate market stats and delivers exciting insights into the status of the Ann Arbor area real estate market. Subscribe to the Studio Four8 YouTube channel and never miss an update again!

Saline Real Estate Market | April 2021

Todd Dives into the market stat numbers for Saline in April 2021

Transcription:

If you’re Looking for the Saline April 2021 Real Estate Market numbers, this video’s for you.

 Hey thanks for stopping by, my name is Todd and with Studio Four8 at Berkshire Hathaway HomeServices Snyder & Company realtors, and fresh off the multiple listing system are the April stats numbers for the city of Saline. Just to recap, these are single-family residences, houses, and condos that we are aggregating the information for. These are only properties that have sold in April of 2021. We are comparing, so when you hear the percent changes we are comparing to April of 2020. And just as a refresher, about a year ago we kind of shut everything down so we could figure out what to do with the pandemic, so some of these percent differences are going to seem incredible. And that’s because what we are dealing with now, we’re comparing exactly a year ago where we had very little in the way of business going out, we effectively shut down for a period of time. So some of these percent differences are going to seem incredible. 

Average Sales Price

So let’s get right into those numbers. So the average sales price for property in Saline was a whopping $552,484. That’s up almost 33%, 32.46% jump in price compared to April 2020. The median sales price also had a pretty significant jump, it jumped 25.71% to $475,000 as a median sales price in Saline, 475, that is tremendous without putting it too lightly I think. 

Days on Market

Days on market, days on market did fall precipitously. So the amount of time that it took for a property in Saline to go under contract fell 54.34% to 19 days. It was an average of 19 days to get a home in Saline under contract. Pretty impressive. That also speaks to the demand and the lack of supply that we have in the marketplace in Saline right now. 

Properties Sold At Or Above List Price

The number of properties sold jumped almost 6%, 5.88%, compared to again April of 2020. There were a total of 36 properties that sold in the month of April 2021. The final stat that I have recently added to this report is the percentage of properties that have sold at or above list price, meaning the seller accepted an offer that was at least list price, if not higher. The percentage of properties that sold in April 2021 that were at or above list price was 52.78%. That’s almost 53% of the properties sold in April 2021 sold at or above list price.

So all this to say, if you own a property in the city of Saline, and you are even thinking about selling your property, or maybe you want to get the value on your property, because you know what, property is appreciating. Maybe you want to pull some equity out? I would love to be your resource, to help guide you through what these numbers mean for your specific scenario as well as help you craft a plan. If you’re moving across town or moving across the country, I would love to be your resource when it comes to crafting how we bring our property to market and how do we go about finding that replacement property. This is Todd with Studio Four8 saying we’re here to recreate real estate. 

Saline Real Estate Market Sharable

Saline Real Estate Market stats
Saline Real Estate Market Snapshot Shareable