Market Analysis for Homes Sold in Berkley MI May 2010

Market Analysis for Homes Sold in Berkley MI May 2010

May 2010 median sale prices increased 4% from April ‘10 & # of homes sold decreased 26%. Private owned median prices increased 12% in May 2010 from April‘10 & # of homes sold decreased 23%. Bank owned homes median price decreased 31% in May 2010 from April 2010. May 2010 median sale price increased 44% from May 2009.  Yr ending May ‘10 median sale price compared to yr ending May 09 decreased 15%.

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

Active & Sold May 2010

167 listings: 23 Sold listings:
Average List Price $125,170 Average Sold Price $129,620
Median List Price $123,000 Median Sold Price $125,000
Highest List Price $299,000 Highest Sold Price $238,700
Lowest List Price $24,900 Lowest Sold Price $22,200
Avg. Days On Market 119 Avg. Days On Market 92
Private Owned 148 listings Private Owned 20 Sold
Median List Price $129,900 Median Sold Price $141,950
Bank Owned 19 listings Bank Owned 3 Sold
Median List Price $79,900 Median Sold Price $50,550

Active & Sold April 2010

166  listings: 31 Sold listings:
Median List Price $124,949 Median Sold Price $119,900
Private Owned 122 listings Private Owned 26 Sold
Median List Price $129,900 Median Sold Price $124,900
Bank Owned 17 listings Bank Owned 5 Sold
Median List Price $73,900 Median Sold Price $73,500

Active & Sold May 2009

157  listings: 13 Sold listings:
Median List Price $119,900 Median Sold Price $78,000

June 1, 2008 – May 31, 2009

391 listings: 247 Sold listings:
Median List Price $125,000 Median Sold Price $123,000

June 1, 2009 – May 31, 2010

416 listings: 272 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 May 2010 with April 2010 & May 09; year ending May 09 with year ending May 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.

June July Aug Sept Oct Nov Dec Jan Feb Mar Apr May
Compared to previous month +29 -17 +21 -29 +15 00 +19 -32 -02 +24 +12 +04
Compared to same month previous year (2008 – 2009) -19 -40 -14 -39 -30 -25 +09 -24 +09 +07 +21 +44
Compared to Yr. Ending same month previous Yr. -16 -14 -21 -26 -30 -28 -28 -27 -26 -26 -24 -15

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

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