Market Analysis for Homes Sold for Royal Oak Michigan December 2010

Market Analysis for Homes Sold for Royal Oak Michigan December 2010

December 2010 median sale prices decreased 03% from November 2010 & # of homes sold decreased 17%.  Private owned median price stayed the same in December 2010 from November 2010.  Bank owned homes median price decreased 15% in December 2010 from November 2010. December 2010 median sale price increased 05% from December 09 & # homes sold decreased 34% in December 2010. Year ending December 2010 median sale price compared to year ending December 09 increased 03% and homes sold decreased 04% year ending December 2010 compared to year ending December 2009.  Statistics rounded to nearest % -compiled from RealComp II data believed to be reliable

Active & Sold December 2010

414 listings: 48 Sold listings:
Average List Price $138,359 Average Sold Price $128,979
Median List Price $129,509 Median Sold Price $113,407
Highest List Price $495,000 Highest Sold Price $440,000
Lowest List Price $24,000 Lowest Sold Price $ 35,000
Avg. Days On Market 145 Avg. Days On Market 95
Private Owned 358 listings Private Owned 35 Sold
Median List Price $136,000 Median Sold Price $130,000
Bank Owned 55 listings Bank Owned 13 Sold
Median List Price $89,900 Median Sold Price $68,000

Active & Sold November 2010

447 listings: 58 Sold listings:
Median List Price $131,991 Median Sold Price $117,250
Private Owned 391 listings Private Owned 43 Sold
Median List Price $139,900 Median Sold Price $130,000
Bank Owned 56 listings Bank Owned 15 Sold
Median List Price $79,900 Median Sold Price $80,000

Active & Sold December 2009

439  listings: 73 Sold listings:
Median List Price $128,000 Median Sold Price $107,300

January 1, 2009 – December 31, 2009

1189 listings: 823 Sold listings:
Median List Price $124,500 Median Sold Price $114,900

January 1, 2010 – December 31, 2010

1159 listings: 793 Sold listings:
Median List Price $125,000 Median Sold Price $118,000

Monthly market analysis December 2010 for Royal Oak Michigan compares only median sold price of residential homes sold in December 2010 with November 2010 & December 09; year ending December 2009 with yr ending December 2010. It shows all homes sold then private owned vs. Bank Owned/HUD to determine the # of homes sold for the month and increase/decrease in median sold price.  To exclude leases in data, minimum sale price used was $5,000.

If you are looking to Purchase a Home, click here.

If you are looking to Sell a Home, click here.

View all Market Analysis for Royal Oak, Michigan

Royal Oak Realtor selling Oakland County Real Estate.  TishHouse sells Houses – selling Real Estate Southeastern Michigan with RE/MAX Showcase Homes in Birmingham, Michigan.  Helping People in a challenging market by specializing in Short Sales.  See what my clients have to say about my extraordinary customer service.  Follow me onTwitter.


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"