Berkley Michigan Market Analysis Homes Sold April 2010

Market Analysis for Homes Sold in Berkley MI April 2010
April 2010 median sale prices increased 12% from March ‘10 & # of homes sold increased 26%. Private owned median prices stayed relatively the same in April 2010 from March ‘10 & # of homes sold increased 46%. Bank owned homes median price decreased 11% in April 2010 from March 2010. April 2010 median sale price increased 21% from April 2009 & and # homes sold increased 19% in April 2010. Yr ending Apr. ‘10 median sale price compared to yr ending Apr. 09 decreased 24%.
Statistics rounded to nearest % -compiled from RealComp II data believed to be reliable.

Active & Sold April 2010

166 listings: 31 Sold listings:
Average List Price $125,496 Average Sold Price $121,782
Median List Price $124,949 Median Sold Price $119,900
Highest List Price $274,900 Highest Sold Price $232,000
Lowest List Price $34,900 Lowest Sold Price $34,900
Avg. Days On Market 122 Avg. Days On Market 67
Private Owned 149 listings Private Owned 26 Sold
Median List Price $129,900 Median Sold Price $124,950
Bank Owned 17 listings Bank Owned 5 Sold
Median List Price $73,900 Median Sold Price $73,500

Active & Sold March 2010

172  listings: 23 Sold listings:
Median List Price $124,700 Median Sold Price $106,000
Private Owned 151 listings Private Owned 14 Sold
Median List Price $130,000 Median Sold Price $125,000
Bank Owned 21 listings Bank Owned 9 Sold
Median List Price $89,900 Median Sold Price $82,500

Active & Sold April 2009

160  listings: 25 Sold listings:
Median List Price $124,900 Median Sold Price $95,000

May 1, 2008 – April 30, 2009

394 listings: 259 Sold listings:
Median List Price $129,650 Median Sold Price $125,000

May 1, 2009 – April 30, 2010

397 listings: 262 Sold listings:
Median List Price $114,900 Median Sold Price $99,00

2009 – 2010 Summary of Increase and Decrease of Market in Berkley, Michigan

Apr May June July Aug Sept Oct Nov Dec Jan Feb Mar
Compared to previous month -02 -27 +29 -17 +21 -29 +15 00 +19 -32 -02 +24
Compared to same month previous year (2008 – 2009) -27 -39 -19 -40 -14 -39 -30 -25 +09 -24 +09 +07
Compared to Yr. Ending same month previous Yr. -16 -16 -16 -14 -21 -26 -30 -28 -28 -27 -26 -26

Monthly market analysis for Berkley Michigan Real Estate compares residential homes sold in April 2010 with March 2010 & April 09; year ending April 09 with year ending April 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.  It also shows a year in review of the market decrease and increase for 2009 through 2010.

To view previous market statistics for Berkley Michigan click here.

Comments are closed.

Visit Our Blog
Questions?

Your Name (required)

Your Email (required)

Phone

Questions/Comments

captcha

Enter the code above in the box below then press "send"