Today one of my team members asked me, "Are condo's selling in Saline?" Yes, they are. It is the same situation as single family residences, the homes priced the best, and look the best are selling. An over-priced condo or home is not selling.
There are 42 active condo's on the market in Saline. Three condos are for rent.
There are three condos on the market between 68 and 89,000.
There are 8 condos on the market between 133,900 and 199,000.
There are 12 condo's on the market between 200,000 and up to 300,000.
There are 6 condo's on the market between 300,000 and 400,000.
There are 8 condo's on the market between 400,000. and 525,000.
Now a total of 47 condo's sold in Saline, MI last year between January 2008 and December 2008. Nine of those were rentals. The highest price condo sold in 2008, sold at 400,000.
The absorption rate is not bad going into the new year. If you are a seller and own a condo on the market or thinking of selling it is critical to price your home right from the start. Chasing the market down is not good for you. If you do not have to sell then just wait or either accept the market conditions as they are.
Search Saline Homes and Condo's with Google Maps, Google Satellite Images and multiple photos.
If you need to sell and are upside down on your mortage, then consider a "Certified Short Sale Specialist". That is a Licensed Realtor or Broker who has gone the extra mile to educate themselves on the Short Sale Process and have the skills to negotiate you through the process.
Missy Caulk & Team can be reached at 734-926-9797 or email: Missy@MissyCaulk.com
Our Team of 6 agents are available to help you relocate to Ann Arbor, Saline, Dexter, Chelsea, Milan, Ypsilanti Township, Clinton, Manchester, Whitmore Lake, or throughout Washtenaw County, MI.
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Hi Missy! Condos and townhomes are selling here too! What a great way to break them down and lead to the listings.
In our market, we have the added stumbling block that lenders are limiting their exposure in certain buildings so even if the condo appraises, if the lender has reached his limit for loans in that building, the buyer will have to find another lender to finance with. Ugghh.
It's interesting that in your market these are considered condos. Those picture show structures that we refer to as townhomes or villas. Our condos are always apartment units within buildings.
Missy, great informational post. You always post things in such a clear, straight forward manner and it is so enjoyable and easy to read!
Hey Missy. Great to hear. Condos are selling here as well. It is usually a good price point, at least in this area.
Don
Missy - That is true in many markets, if properties are priced correctly you will see sales.
Missy, Loved your statement to sellers to either wait, or except the market as it is:) THAT is why you are my Realtor of choice in Ann Arbor!
Absolutley true- thank you for this.