Market Analysis for Homes Sold in Berkley MI July 2010

Market Analysis for Homes Sold in Berkley MI July 2010

July 2010 median sale prices decreased 17% from June 2010 & # of homes sold decreased 27%. Private owned median prices decreased 7% in July 2010 from June 2010 & # of homes sold decreased 30%. Bank owned homes median price decreased 20% in July 2010 from June 2010. July 2010 median sale price decreased 01% from July 2009 & and # homes sold decreased 39% in July 2010. Year ending July 2010 median sale price compared to yr ending July 2009 decreased 06%.  Statistics rounded to nearest % -compiled from RealComp II data believed to be reliable.

Active & Sold July 2010

158 listings: 22 Sold listings:
Average List Price $124,139 Average Sold Price $103,616
Median List Price $124,900 Median Sold Price $90,000
Highest List Price $319,900 Highest Sold Price $235,000
Lowest List Price $26,900 Lowest Sold Price $27,000
Avg. Days On Market 127 Avg. Days On Market 77
Private Owned 139 listings Private Owned 16 Sold
Median List Price $129,900 Median Sold Price $102,500
Bank Owned 19 listings Bank Owned 6 Sold
Median List Price $65,600 Median Sold Price $60,000

Active & Sold June 2010

179  listings: 30 Sold listings:
Median List Price $120,000 Median Sold Price $109,000
Private Owned 155 listings Private Owned 23 Sold
Median List Price $129,900 Median Sold Price $110,000
Bank Owned 24 listings Bank Owned 7 Sold
Median List Price $79,900 Median Sold Price $75,000

Active & Sold July 2009

172  listings: 36 Sold listings:
Median List Price $119,950 Median Sold Price $91,000

August 1, 2008 – July 31, 2009

388 listings: 252 Sold listings:
Median List Price $124,900 Median Sold Price $115,000

August 1, 2009 – July 30, 2010

409 listings: 273 Sold listings:
Median List Price $119,900 Median Sold Price $108,000
Aug Sept Oct Nov Dec Jan Feb Mar Apr May June July
Compared to previous month +21 -29 +15 00 +19 -32 -02 +24 +12 +04 -22 -17
Compared to same month previous year (2008 – 2009) -14 -39 -30 -25 +09 -24 +09 +07 +21 +44 +05 -01
Compared to Yr. Ending same month previous Yr. -21 -26 -30 -28 -28 -27 -26 -26 -24 -15 -11 -06

Monthly market analysis for Berkley Michigan Real Estate compares residential homes sold in July 2010 with June 2010 & July 2009; year ending July 09 with year ending July 2010.  It shows all homes sold then private owned vs. Bank Owned/HUD. To exclude leases in data, minimum sale price used was $5,000.

To view previous months Market Analysis of Berkley Michigan, click here.

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