Market Analysis Homes Sold Royal Oak Michigan August 2011

Market Analysis for Royal Oak Michigan August 2011

August 2011 median sale price increased 04% from July 2011 & # of homes sold increased 17%.  Private owned median price decreased 11% in August 2011 from July 2011.  Bank owned homes median price increased 09% in August 2011 from July 2011. August 2011 median sale price increased 13% compared to August 2010 & # homes sold increased 40% in August 2011. Year ending August 2011 median sale price compared to year ending August 2010 decreased 06% and homes sold decreased 07% year ending August 2011 compared to year ending August 2010.

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

 

Active & Sold August 2011

436 listings:

 

92 Sold listings:

 
Average List Price $145,550 Average Sold Price $125,459
Median List Price $132,116 Median Sold Price $115,000
Highest List Price $700,000 Highest Sold Price $420,000
Lowest List Price $29,900 Lowest Sold Price $ 27,250
Avg. Days On Market 106 Avg. Days On Market 80

Private Owned

391 listings

Private Owned

79 Sold
Median List Price $139,900 Median Sold Price $120,000

Bank Owned

45 listings

Bank Owned

13 Sold
Median List Price $ 91,500 Median Sold Price $ 82,000

Active & Sold July 2011

420 listings:

 

76 Sold listings:

 
Median List Price $134,900 Median Sold Price $110,000

Private Owned

367 listings

Private Owned

55
Median List Price $139,900 Median Sold Price $135,000

Bank Owned

53 listings

Bank Owned

21 Sold
Median List Price $86,500 Median Sold Price $74,500

Active & Sold August 2010

399  listings:

 

55 Sold listings:

 

Median List Price $130,000 Median Sold Price $ 99,999

September 1, 2009 – August 31, 2010

1234 listings:

 

890 Sold listings:

 

Median List Price $126,200 Median Sold Price $119,350

September 1, 2010 – August 31, 2011

1169 listings:

 

825 Sold listings:

 

Median List Price $125,000 Median Sold Price $112,500

Monthly market analysis August 2011 for Royal Oak Michigan compares only median sold price of residential homes sold in August 2011 with July 2011 & August 2010; year ending August 2010 with yr ending August 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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