Market Analysis for Homes Sold in Berkley MI August 2010

Market Analysis for Homes Sold in Berkley MI August 2010

August 2010 median sale prices increased 07% from July 2010 & # of homes sold remained relatively the same. Private owned median prices increased 20% in August 2010 from July 2010 & # of homes sold remained relatively the same.  Bank owned homes median price increased 07% in August 2010 from July 2010. August 2010 median sale price increased 06% from August 2009 & and # homes sold increased 26% in August 2010. Year ending August 2010 median sale price compared to yr ending August 2009 increased 05%.  Statistics rounded to nearest % -compiled from RealComp II data believed to be reliable.

Active & Sold August 2010

165 listings: 23 Sold listings:
Average List Price $123,401 Average Sold Price $107,687
Median List Price $124,999 Median Sold Price $97,000
Highest List Price $319,900 Highest Sold Price $232,000
Lowest List Price $26,900 Lowest Sold Price $36,650
Avg. Days On Market 123 Avg. Days On Market 89
Private Owned 146 listings Private Owned 17 Sold
Median List Price $129,900 Median Sold Price $128,200
Bank Owned 19 listings Bank Owned 6 Sold
Median List Price $65,000 Median Sold Price $64,450

Active & Sold July 2010

158  listings: 22 Sold listings:
Median List Price $124,900 Median Sold Price $90,000
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 August 2009

159  listings: 17 Sold listings:
Median List Price $125,000 Median Sold Price $91,000

September 1, 2008 – August 31, 2009

375 listings: 233 Sold listings:
Median List Price $119,900 Median Sold Price $110,000

September 1, 2009 – August 31, 2010

423 listings: 281 Sold listings:
Median List Price $115,000 Median Sold Price $105,000

Monthly market analysis for Berkley Michigan Real Estate compares residential homes sold in August 2010 with July 2010 & August 2009; year ending August 09 with year ending August 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.

Sept Oct Nov Dec Jan Feb Mar Apr May June July Aug
Compared to previous month -29 +15 00 +19 -32 -02 +24 +12 +04 -22 -17 +07
Compared to same month previous year (2008 – 2009) -39 -30 -25 +09 -24 +09 +07 +21 +44 +05 -01 +06
Compared to Yr. Ending same month previous Yr. -26 -30 -28 -28 -27 -26 -26 -24 -15 -11 -06 +05

To view previous months Market Analysis of 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"