Saline Sales report for January 2012
Here’s the Saline Sales report for January 2012. This is an update to my monthly market report which I publish around the middle of the month. (Original article written by Vance Shutes). If you are interested in Saline homes and condos, here’s what happened in January, 2012.
Looking first at Saline homes:
| Saline Homes |
Active |
Sold |
Lowest |
Highest |
Months of Supply |
| City of Saline |
41 |
2 |
$ 125,000 | $200,000 |
20.5 |
| Lodi Township |
33 |
1 |
$ 145,000 | $145,000 |
33.0 |
| Pittsfield Township |
55 |
4 |
$ 179,500 | $533,000 |
13.8 |
| Saline Township |
21 |
1 |
$ 165,000 |
$165,000 |
21.0 |
| York Township |
38 |
2 |
$ 265,000 | $410,000 |
19.0 |
|
Totals |
188 |
10 |
18.8 |
The market for Saline homes showed an expected seasonal slowing in January. Despite the unseasonably warm weather last month, the pace of sales fell across every geographic area of the Saline market. At the same time, the number of homes actively for sale rose only slightly. As a result, we went from a 6-month supply of homes on the market to an over 18-month supply. But don’t despair – this is typical for mid-winter, despite the warm weather.
Now, let’s look at Saline condos.
| Saline Condos |
Active |
Sold |
Lowest | Highest | Months of Supply |
| City of Saline |
11 |
0 |
$ - |
$ - |
|
| Lodi Township |
2 |
0 |
$ - |
$ - |
|
| Pittsfield Township |
3 |
0 |
$ - |
$ - |
|
| Saline Township |
10 |
0 |
$ - |
$ - |
|
| York Township |
0 |
0 |
$ - |
$ - |
|
|
Totals |
26 |
0 |
As in many of the recent past months, there were NO sales of Saline condos during January. At the same time, in Saline Township, a number of new condo listings came on the market. When you have increasing supply in a market with decreasing demand, well, that’s not a prescription for a good market. We’ll look for improvement in the Spring!
Saline is a great place to live, with great access to the freeways to Detroit, Jackson, Brighton, and beyond (via Metro Airport), which is only about a half-hour away.
At Mill Pond Park, you can picnic, fish, take your dog for a run, or sled in the winter.
In Saline, you’ll find Dan’s Downtown Tavern, Mac’s Acadian Grill, Brecon Grille, Mangiamo, and the Saline Inn.
Ann Arbor is only 10-minutes away, where you’ll find the University of Michigan campus, Briarwood mall, Hill Auditorium (for World-class musical performances), and the Ann Arbor Art Fairs in the summer.
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If you have questions about your specific situation, or if you’re considering buying or selling any Saline real estate, you owe it to yourself to take advantage of my experience in the Saline market. I’d be happy to meet with you! Just give me a call at (734) 476-2063, or send an e-mail, “Vance (at) SalineMichiganRealEstate (dot) com”.
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See you tomorrow!
