The biggest shopping day of the year

Today, the Friday after Thanksgiving, is known as the biggest shopping day of the year.

For my family, that is most certainly true!

We start with all the ads in the Thanksgiving newspaper – actually, it’s one of the few times during the year when I even bother to look at the ads. Working with the list of family members we selected on Thanksgiving day, we’ll put together our “shopping list”. Then, it’s off to the stores!

The Friday after Thanksgiving has been given the name “Black Friday” – not because it’s bad, but because it’s good. It is likely the first day of the year when a store moves into the “black” on their profitability statement. Think about that! You own a store, and all year, until Thanksgiving, you’re losing money. But beginning the day after Thanksgiving, you begin making a profit for the first time all year. Talk about risk! Those store-owners are counting on us to make their year profitable, starting today. So, it’s time to hit the stores now.

Go. Shop. Now.

If you like what you’re reading here, please subscribe to my blog. Thanks!

If you’re considering a Saline home or condo, 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”.

You can search for homes and condos in Saline here.

Saline market report for November 2008

Here’s the latest Saline market report for November, 2008. This is an update to my regular sales report which I reported earlier this month. If you are interested in a Saline home or condo, here’s how our market looks in November, 2008.

Each month, I review all of the homes for sale (column 2) in Saline within defined price ranges (column 1), and those homes where the sellers have accepted a sales offer from a buyer (columns 3 & 4 – Percent Pending). I also review all of the sales in past 30 days in each price range (column 6). The results for November 2008 are shown in the table below:

Using the data shown above, this month, let’s look at a chart of the number of months of inventory of homes for sale in Saline. The number of months of inventory is calculated by taking the total number of homes available for sale (column 2 above) divided by the number of homes which have sold in the past 30 days (column 6 above).

In the chart above, the blue bars show the number of months of inventory each month in 2007. The red bars show the number of months of inventory each month so far in 2008.

This chart clearly shows the continuing improvement we see in the Saline real estate market. Other than back in January, 2008, the level of inventory so far in 2008 is lower than in the same month in 2007. The figure for November, 2008 is that we have 11.4 months of homes to be sold. The figure for 2007 was 16.8 months of homes to be sold.

The holidays are right around the corner, and Saline homes and condos are still selling. I’ll continue to keep track of our market. Count on it!

If you want to be the first to know about conditions in the Saline market, please subscribe to my blog. Thanks!

What do you think? Do you see the market improving here in Saline? I’d love to read your comments on our market.

If you have questions about your specific situation, or if you’re considering selling your Saline home or condo, 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”.

You can search for homes and condos in Saline here.

A sight for sore eyes in Saline

Just this morning, we saw a sight for sore eyes in Saline.

Did you ever think we’d see gas prices below $2 again?

If you like what you’re reading here, please subscribe to my blog. Thanks!

If you’re looking to buy or sell a Saline home or condo, or have questions about your specific situation, 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”.

You can search for homes and condos in Saline here.

Featured homes

Here’s an update on my featured homes for sale, and for lease.

1469 Middlewood, Saline ($245,000)
161 Commons Circle, Saline ($145,000)
1513 White St., Ann Arbor ($200,000)
1218 City Dr., Ann Arbor ($150,000)
1766 Fulmer, Ann Arbor (Lease - $1295/mo)
4125 Weber Road, Saline (Lease - $1375/mo)
211 Old Creek, Saline (Lease - $1400/mo)
212 Commons Court, Saline (Lease - $1000/mo)

You can take a virtual tour of any of these homes through the respective post.

If you’re ready to start your search for a Saline home or condo, talk to someone with local knowledge! 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”.

You can search for homes and condos in Saline here.