Positive upward movement in the Saline Real Estate Market.  After reviewing the 24-month chart below, for the Saline, Michigan real estate area there is nothing but good news. Let’s focus in on the red line in the chart. The red line indicates an upward trend in the Linear (Average Square Foot / Sale Price).  The average square foot price is now hovering on the linear red line at around $118.00 per square foot for the month of November, 2011, as compared to November 2010 at approximately $98.00 per square foot. This year, compared to last year shows an approximate 3.9 percent increase in the linear (avg. square foot / sale price) in Saline. This upward trend in sales price per square foot is very good news for Sellers and REALTORs alike.  Home sales are up by 4.65 percent compared to last year’s total number of sales.  This indicates that the market is showing signs of an upward trend and stabilizing slowly over the last 2 years.  Our linear indicator is moving upward. No one’s complaining about this kind of good news as the year 2011 soon comes to a close.  All statistics are worth reporting but it’s a lot more fun and encouraging to put out these positive statistics for Saline area homeowners.

Buyers, as well as Sellers, should pay close attention to these indicators.  While trends are showing signs of a recovery, it’s a great time to take the next step to home ownership or listing your home for sale.  Call to schedule an appointment.

I would like to thank Peter W. Hendershot, State Licensed Real Estate Appraiser, Business Development Manager, Affinity Valuation Group for putting this chart together for all of us to analyze.  This data is shared with your local REALTORs, lenders, builders and lawyers so we can assist our clients and keep them informed of market conditions.

 

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