Market Analysis Homes Sold for Royal Oak Michigan February 2011

Market Analysis for Royal Oak Michigan February 2011

February 2011 median sale prices increased 04% from January 2011 & # of homes sold decreased 16%.  Private owned median price decreased 04% in February 2011 from January 2011.  Bank owned homes median price increased 37% in February 2011 from January 2011. February 2011 median sale price increased 07% from February 10 & # homes sold decreased 34% in February 2011. Year ending February 2011 median sale price compared to year ending February 2010 increased 03% and homes sold increased 02% year ending February 2011 compared to year ending February 2010.

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

Active & Sold February 2011

416 listings: 42 Sold listings:
Average List Price $139,950 Average Sold Price $117,956
Median List Price $129,700 Median Sold Price $108,000
Highest List Price $599,000 Highest Sold Price $346,950
Lowest List Price $26,000 Lowest Sold Price $ 35,000
Avg. Days On Market 138 Avg. Days On Market 106
Private Owned 357 listings Private Owned 29 Sold
Median List Price $139,000 Median Sold Price $130,000
Bank Owned 59 listings Bank Owned 13 Sold
Median List Price $76,000 Median Sold Price $67,000

Active & Sold January 2011

426 listings: 50 Sold listings:
Median List Price $127,188 Median Sold Price $103,550
Private Owned 363 listings Private Owned 32 Sold
Median List Price $136,900 Median Sold Price $135,250
Bank Owned 62 listings Bank Owned 17 Sold
Median List Price $82,225 Median Sold Price $42,000

Active & Sold February 2010

442  listings: 64 Sold listings:
Median List Price $128,949 Median Sold Price $ 99,950

March 1, 2009 – February 28, 2010

1242 listings: 864 Sold listings:
Median List Price $123,437 Median Sold Price $114,950

March 1, 2010 – February 28, 2011

1159 listings: 781 Sold listings:
Median List Price $125,000 Median Sold Price $117,000

Monthly market analysis February 2011 for Royal Oak Michigan compares only median sold price of residential homes sold in February 2011 with January 2011 & February 2010; year ending February 2010 with yr ending February 2011. It shows all homes sold then private owned vs. Bank Owned/HUD to determine the # of homes sold for the month and increase/decrease in median sold price.  To exclude leases in data, minimum sale price used was $5,000.

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View all Market Analysis for Royal Oak, Michigan

Royal Oak Realtor selling Oakland County Real Estate.  TishHouse sells Houses – selling Real Estate Southeastern Michigan with RE/MAX Showcase Homes in Birmingham, Michigan.  Helping People in a challenging market by specializing in Short Sales.  See what my clients have to say about my extraordinary customer service.  Follow me on Twitter.

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