Market Analysis Homes Sold in Beverly Hills MI May 2010

Market Analysis Homes Sold in Beverly Hills MI May 2010
May 2010 median sale prices increased 44% from April 2010 & # of homes sold decreased 35%. Private owned median prices increased 28% in May 2010 from April ‘10 & # of homes decreased 29%. Bank owned homes median price increased 74% in May 2010 from April 2010 and # of homes sold decreased 50% in May 2010 from April 2010. May 2010 median sale price increased 38% from May 2009 with a 27% increase in # homes sold in May ’10. Year ending May 2010 median sale price compared to yr ending May 2009 increased 02%.
Statistics rounded to nearest % -compiled from RealComp II data believed to be reliable.

Active & Sold May 2010

91 listings: 15 Sold listings:
Average List Price $260,334 Average Sold Price $238,793
Median List Price $249,900 Median Sold Price $242,500
Highest List Price $1,200,000 Highest Sold Price $420,000
Lowest List Price $64,950 Lowest Sold Price $65,000
Avg. Days On Market 158 Avg. Days On Market 76
Private Owned 83 listings Private Owned 12 Sold
Median List Price $249,900 Median Sold Price $215,750
Bank Owned 8 listings Bank Owned 3 Sold
Median List Price $171,350 Median Sold Price $307,000

Active & Sold April 2010

109 listings: 23 Sold listings:
Median List Price $219,900 Median Sold Price $135,000
Private Owned 92 listings Private Owned 17 Sold
Median List Price $234,950 Median Sold Price $155,000
Bank Owned 17 listings Bank Owned 6 Sold
Median List Price $140,000 Median Sold Price $81,325

Active & Sold May 2009

87  listings: 11 Sold listings:
Median List Price $240,000 Median Sold Price $149,900

June 1, 2008 – May 31, 2009

181 listings: 106 Sold listings:
Median List Price $219,675 Median Sold Price $185,000

June 1, 2009 – May 31, 2010

249 listings: 173 Sold listings:
Median List Price $216,000 Median Sold Price $188,000

Monthly market analysis for Beverly Hills 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. It also shows a year in review of the market decrease and increase for 2009 through 2010.

June July Aug Sept Oct Nov Dec Jan Feb Mar Apr May
Compared to previous month +20 +18 -18 +16 -16 -23 +28 -11 -34 +33 -23 +44
Compared to same month previous year (2008 – 2009) -22 -16 -18 -07 +03 -20 +33 -05 -09 +65 -23 +38
Compared to Yr. Ending same month previous Yr. -30 -27 -24 -24 -19 -21 -08 -09 -09 -09 -10 +02

To view previous statistics for Beverly Hills Michigan click here.

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