Brookview Highlands Neighborhood Report – March 2017
There are currently 5 homes listed for sale at Brookview Highlands and in 2016, 6 homes sold.
Homes for Sale:
- $935,000. 2447 Windmill Way, Saline. 4743 sq. ft., +2100 in finished lower level, 4 bedrooms and 4.1 baths.
- $899,900. 1927 Brookview Dr., Saline. 4646 sq. ft., +1700 in finished lower level, 5 bedrooms and 4.1 baths. Sale Pending
- $724,000. 1819 Brookview Dr., Saline. 3621 sq. ft., +1800 in finished lower level, 5 bedrooms and 4.1 baths.
- $499,900. 2290 Windmill Way, Saline. 3018 square feet with 4 bedrooms and 3.1 baths.
- $426,000. 1967 Brookview, Saline. 2832 sq. ft., +1200 in finished lower level, 3 bedrooms and 2.1 baths.
York Woods Real Estate Report – March 2017
Set in a beautiful Saline neighborhood, York Woods offers custom homes on large country lots. There are currently 0 homes listed for sale and in 2016, 4 homes sold.
- $600,000. 9730 Wood Bend Dr., Saline. 2996 sq. ft., +433 in finished lower level, 3 bedrooms and 2.1 baths.
- $470,705. 9766 Wood Bend Dr., Saline. 2729 sq. ft., +1000 in finished lower level, 4 bedrooms and 3.1 baths.
- $450,000. 9233 Whispering Pines, Saline. 2643 sq. ft., +1260 in finished lower level, 5 bedrooms and 2.1 baths.
- $280,000. 9858 York Woods Dr., Saline. 1530 square feet with 3 bedrooms and 2 baths.
In 2015, 3 homes sold with an average sale price of $386,667 and an average price per square foot of $161.00. The 4 sold last year have an ASP of $450,176, up 16%, and an A$SF of $182.00, up 13%. For more information on the homes at York Woods, or to receive instant notification of new listings, contact us at The Bouma Group, Realtors at 734-761-3060 or email firstname.lastname@example.org. Thinking of listing your Saline home? Find out what it’s worth in today’s real estate market!
Strong Third Quarter for Saline Real Estate
It was a strong third quarter for Saline Real Estate in 2015. Home inventory and sales were both up from second quarter and from this time last year. The market has certainly rebounded and is in a balanced market with a 6.3 month supply of homes listed for sale. We will most likely begin to see a slow down in listings and sales as the holiday season approaches, which is typical for Saline. Most home sales happen during the second and third quarters, but they don’t stop completely.
There are still plenty of serious buyers out there looking to get into a home before the end of the year. Many did not find that perfect place over the summer and are still waiting for it to come to the market. Thinking of selling your home? This may be the right time! Contact us for a market analysis of your home and find out what it could sell for today – call The Bouma Group, Realtors at 734-761-3060 or email email@example.com and get started. Looking to purchase a home? Begin your search here!
Saline Real Estate Sales Up 20% Over Last Year
When comparing the end of June 2013 with that of June 2012, Saline home sales (for the past 12 months) increased by almost 20%with 356 sales vs. 298. Listing inventory for Saline Real Estate has been steadily declining since April 2012 when it peaked at 269 homes listed for sale. We did see a slight increase with the spring market, but have yet to reach previous listing levels. With a high buyer demand, the Saline market needs inventory!
If you’ve been considering selling your home, but thought you may be under water with your mortgage, you may no longer be. Home values are recovering in most neighborhoods and your home may be worth more than you think! For a detailed market analysis, contact the real estate specialists with The Bouma Group today at 734-761-3060 or email firstname.lastname@example.org. Click here for a quick market valuation for your home!
$100k-$200k Real Estate Market Hot for Saline
While the Saline Real Estate market, as a whole, is in a buyer’s market with a 9.9 months supply of homes, the $100k-$200k price range is in a balanced market and inching towards a seller’s market with a 5.1 months supply. This is the most active price range for Saline at this time. Overall, inventory has declined and sales have increased as the spring/summer market begins to wind down. For smaller areas like Saline, the real estate market typically revolves around the school year with sales slowing the closer we get to fall.
For more information on Saline home values or to find out the value of your home or condo, consult the specialists with The Bouma Group today at 734-761-3060 or email us at email@example.com. We keep a close eye on all aspects of Washtenaw County real estate and can help you find your dream home, sell your current home, or browse Saline subdivisions!
Saline Real Estate Sees Increased Sales
Sales for the past 12 months, for the Saline Real Estate market as a whole, increased from 279 to 283 when comparing April to May of this year. Inventory decreased by 5%, which combined with increased sales, will help to drive Saline home prices upward. All price ranges remain in a buyer’s market, except for the $100-$200k range which is in a balanced market with a 6.5 months supply of homes available.
For a more detailed analysis of the Saline Real Estate market, contact the specialists at The Bouma Group of Keller Williams Realty. We track every aspect including condos, specific Saline neighborhoods, and more!
It’s a Buyer’s Market for Saline Real Estate
With an 11.6 months supply of homes available, Saline Real Estate as a whole, is in a buyer’s market. However, we are seeing a balanced market in the $100k-$200k price range and with Saline rentals. To find out more about Saline home values, or to discuss your particular property, contact the specialists at The Bouma Group at firstname.lastname@example.org or 734-761-3060. For the latest real estate news, Saline home search, or a Free Buying Guide, check out our state of the art Washtenaw County home website!
More Saline Homes Come to the Market
Inventory is rising for the Saline Real Estate market and as a whole, and it is in a buyer’s market with an 11 months supply of homes. The Bouma Group tracks all trends, including: price points, neighborhoods, home type, and more. So contact us, your Saline Realtors, to help you find your dream home and/or sell your current residence. We can be reached at 734-761-3060 or email@example.com. We know Washtenaw County homes and as a full service real estate team, we are here for you!
A Great Time to Purchase Saline Real Estate
It continues to be a buyer’s market for Saline real estate with a current 10 months supply of homes available overall. As is the case with most Washtenaw County school districts, the $200k and under price ranges are seeing a seller’s and balanced market with a low inventory of Saline homes. To find out more about home values, contact the Saline Realtors at The Bouma Group today at 734-761-3060 or firstname.lastname@example.org. We track every aspect of real estate, including price points, neighborhoods, condos, specific schools and more. To keep up to date with the latest news, subscribe to our Washtenaw County real estate blog here!
Factors Influencing the Washtenaw County Real Estate Market
One of the biggest changes has been the significant decrease in inventory. In Ann Arbor we are entering 2012 with only 434 homes for sale, which is a 14% drop in inventory from 2011. The Ann Arbor condo market has seen a 25% drop in inventory as we head into 2012 with only 203 listings. The decrease in inventory is even more stunning when compared to the peak years. Since 2007 the residential inventory in Ann Arbor has dropped 49.55% and the condo inventory has dropped 69.8%.
Some of the decreases from 2011–2012 in other schools districts were as follows:
- Saline entered 2012 with 199 listings – a 3.86% drop in inventory
- Dexter entered 2012 with 150 listings – a 23.8% drop in inventory.
- Lincoln entered 2012 with 164 listings – essentially the same as last year.
- Ypsilanti entered 2012 with 66 listings – essentially the same as last year. In 2007 there were 289 listings, so this market has changed significantly.
Should inventory remain low, the hope is that price increases will follow. The main reason for the decreased inventory is the fact that many seller’s are underwater with their mortgage and can’t afford to sell, so they stay put, or they rent their home.
Prices peaked in 2005-2006 when the average price/square foot in Ann Arbor was $174/SF for the residential market and $145/SF for the condo market. Several of the sub-markets have seen small increases for 2 years in a row, and with decreased inventory, job growth, and low interest rates, the hope is that this will continue. I don’t see prices increasing too rapidly though. Every time prices increase a little, there will be a surge of sellers who will now have enough equity to sell their home, which will keep a lid on huge price increases.