Market Analysis for Homes Sold in Berkley MI June 2010

Market Analysis for Homes Sold in Berkley MI June 2010

June 2010 median sale prices decreased 22% from May ‘10 & # of homes sold increased 30%. Private owned median prices increased 26% in June 2010 from May 2010 & # of homes sold increased 22%. Bank owned homes median price increased 33% in June 2010 from May 2010. June 2010 median sale price increased 05% from June 2009 & and # homes sold increased 33% in June 2010. Yr ending June 2010 median sale price compared to yr ending June 2009 decreased 11%.

Statistics rounded to nearest % -compiled from RealComp II data believed to be reliable.

Active & Sold June 2010

179 listings: 30 Sold listings:
Average List Price $125,292 Average Sold Price $120,767
Median List Price $120,000 Median Sold Price $109,000
Highest List Price $389,900 Highest Sold Price $347,500
Lowest List Price $31,900 Lowest Sold Price $54,000
Avg. Days On Market 111 Avg. Days On Market 78
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 May 2010

156  listings: 21 Sold listings:
Median List Price $124,949 Median Sold Price $139,900
Private Owned 141 listings Private Owned 18 Sold
Median List Price $133,900 Median Sold Price $149,500
Bank Owned 15 listings Bank Owned 3 Sold
Median List Price $73,900 Median Sold Price $50,550

Active & Sold June 2009

169  listings: 20 Sold listings:
Median List Price $120,000 Median Sold Price $104,000

July 1, 2008 – June 30, 2009

385 listings: 236 Sold listings:
Median List Price $125,000 Median Sold Price $120,250

July 1, 2009 – June 30, 2010

432 listings: 283 Sold listings:
Median List Price $115,000 Median Sold Price $106,000

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

July Aug Sept Oct Nov Dec Jan Feb Mar Apr May June
Compared to previous month -17 +21 -29 +15 00 +19 -32 -02 +24 +12 +04 -22
Compared to same month previous year (2008 – 2009) -40 -14 -39 -30 -25 +09 -24 +09 +07 +21 +44 +05
Compared to Yr. Ending same month previous Yr. -14 -21 -26 -30 -28 -28 -27 -26 -26 -24 -15 -11

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

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