Market Analysis for Homes Sold in Berkley MI October 2010

Market Analysis for Homes Sold in Berkley MI October 2010

October 2010 median sale prices increased 17% from September 2010 & # of homes sold decreased 45% compared to September. Private owned median prices increased 06% in October 2010 from September 2010 & # of homes sold decreased 46%.  Bank owned homes median price increased 15% in October 2010 from September 2010. October 2010 median sale price decreased 11% from October 2009 & and # homes sold decreased 50% in October 2010. Year ending October 2010 median sale price compared to yr ending October 2009 increased 01%.  Statistics rounded to nearest % -compiled from RealComp II data believed to be reliable.

Active & Sold October 2010

176 listings: 12 Sold listings:
Average List Price $131,160 Average Sold Price $ 90,554
Median List Price $119,950 Median Sold Price $ 86,250
Highest List Price $319,900 Highest Sold Price $185,000
Lowest List Price $26,900 Lowest Sold Price $ 18,000
Avg. Days On Market 113 Avg. Days On Market 111
Private Owned 158 listings Private Owned 7 Sold
Median List Price $128,875 Median Sold Price $100,300
Bank Owned 18 listings Bank Owned 5 Sold
Median List Price $ 63,950 Median Sold Price $58,700

Active & Sold September 2010

179  listings: 22 Sold listings:
Median List Price $119,900 Median Sold Price $71,250
Private Owned 158 listings Private Owned 13 Sold
Median List Price $125,000 Median Sold Price $ 94,000
Bank Owned 21 listings Bank Owned 9 Sold
Median List Price $59,900 Median Sold Price $50,000

Active & Sold October 2009

188  listings: 24 Sold listings:
Median List Price $119,950 Median Sold Price $97,000

November 1, 2008 – October 31, 2009

408 listings: 244 Sold listings:
Median List Price $114,950 Median Sold Price $99,000

November 1, 2009 – October 31, 2010

431 listings: 267 Sold listings:
Median List Price $119,000 Median Sold Price $100,000

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

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

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

One Response to “Market Analysis for Homes Sold in Berkley MI October 2010”

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"