Market Analysis Homes Sold in Beverly Hills MI August 2010

Market Analysis Homes Sold in Beverly Hills MI August 2010

August 2010 median sale prices increased 16% from July 2010 & # of homes sold decreased 76%. Private owned median prices increased 20% in August 2010 from July 2010 & # of homes decreased 79%. Bank owned homes median price decreased 64% in August 2010 from July 2010 and  # of homes sold decreased 67% in August 2010 from July 2010.  August 2010 median sale price increased 14% from August 2009 with a 78% decrease in # homes sold in August 2010. Year ending August 2010 median sale price compared to yr ending August 2009 decreased 02%.

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

Active & Sold August 2010

83 listings: 4 Sold listings:
Average List Price $256,201 Average Sold Price $218,250
Median List Price $225,000 Median Sold Price $220,000
Highest List Price $1,200,000 Highest Sold Price $360,000
Lowest List Price $60,000 Lowest Sold Price $ 73,000
Avg. Days On Market 176 Avg. Days On Market 56
Private Owned 75 listings Private Owned 3 Sold
Median List Price $225,000 Median Sold Price $230,000
Bank Owned 8 listings Bank Owned 1 Sold
Median List Price $166,200 Median Sold Price $ 73,000

Active & Sold July 2010

96 listings: 17 Sold listings:
Median List Price $224,800 Median Sold Price $185,000
Private Owned 86 listings Private Owned 14 Sold
Median List Price $224,800 Median Sold Price $183,500
Bank Owned 10 listings Bank Owned 3 Sold
Median List Price $197,400 Median Sold Price $205,000

Active & Sold August 2009

97  listings: 18 Sold listings:
Median List Price $219,900 Median Sold Price $188,750

September 1, 2008 – August 31, 2009

197 listings: 118 Sold listings:
Median List Price $199,900 Median Sold Price $185,000

September 1, 2009 – August 31, 2010

245 listings: 166 Sold listings:
Median List Price $199,900 Median Sold Price $180,750

Monthly market analysis for Beverly Hills Michigan Real Estate compares residential homes sold in August 2010 with July 2010 & August 09; year ending August 09 with year ending August 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. It also shows a year in review of the market decrease and increase for 2009 through 2010.

Sept Oct Nov Dec Jan Feb Mar Apr May June July Aug
Compared to previous month +16 -16 -23 +28 -11 -34 +33 -23 +44 -23 00 +16
Compared to same month previous year (2008 – 2009) -07 +03 -20 +33 -05 -09 +65 -23 +38 -01 -20 +14
Compared to Yr. Ending same month previous Yr. -24 -19 -21 -08 -09 -09 -09 -10 +02 +03 -03 -02

To view previous statistics for Beverly Hills Michigan click here.

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