Market Analysis for Homes Sold in Berkley MI September 2010

Market Analysis for Homes Sold in Berkley MI September 2010

September 2010 median sale prices decreased 27% from August 2010 & # of homes sold remained relatively the same. Private owned median prices decreased 27% in September 2010 from August 2010 & # of homes sold decreased 24%.  Bank owned homes median price decreased 22% in September 2010 from August 2010. September 2010 median sale price decreased 13% from September 2009 & and # homes sold decreased 08% in September 2010. Year ending September 2010 median sale price compared to yr ending September 2009 decreased 04%.  Statistics rounded to nearest % -compiled from RealComp II data believed to be reliable.

Active & Sold September 2010

179 listings: 22 Sold listings:
Average List Price $120,545 Average Sold Price $ 86,362
Median List Price $119,900 Median Sold Price $ 71,250
Highest List Price $319,900 Highest Sold Price $186,000
Lowest List Price $29,950 Lowest Sold Price $ 27,000
Avg. Days On Market 112 Avg. Days On Market 56
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 August 2010

165  listings: 23 Sold listings:
Median List Price $124,999 Median Sold Price $97,000
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 September 2009

181  listings: 24 Sold listings:
Median List Price $120,000 Median Sold Price $82,000

October 1, 2008 – September 30, 2009

396 listings: 239 Sold listings:
Median List Price $115,000 Median Sold Price $104,000

October 1, 2009 – September 30, 2010

436 listings: 279 Sold listings:
Median List Price $115,000 Median Sold Price $100,000

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

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

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

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