Market Analysis Homes Sold Royal Oak Michigan July 2011

Market Analysis for Royal Oak Michigan July 2011

July 2011 median sale price increased 04% from June 2011 & # of homes sold decreased 08%.  Private owned median price remained the same in July 2011 from June 2011.  Bank owned homes median price increased 03% in July 2011 from June 2011. July 2011 median sale price decreased 20% compared to July 2010 & # homes sold increased 10% in July 2011. Year ending July 2011 median sale price compared to year ending July 2010 decreased 08% and homes sold decreased 13% year ending July 2011 compared to year ending July 2010.

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

 

Active & Sold July 2011

420 listings:

 

76 Sold listings:

 
Average List Price $146,950 Average Sold Price $128,805
Median List Price $134,900 Median Sold Price $110,000
Highest List Price $700,000 Highest Sold Price $456,000
Lowest List Price $29,900 Lowest Sold Price $ 35,000
Avg. Days On Market 108 Avg. Days On Market 88

Private Owned

367 listings

Private Owned

55 Sold
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 June 2011

417 listings:

 

83 Sold listings:

 
Median List Price $129,900 Median Sold Price $106,000

Private Owned

377 listings

Private Owned

64
Median List Price $134,900 Median Sold Price $135,000

Bank Owned

40 listings

Bank Owned

19 Sold
Median List Price $77,400 Median Sold Price $72,000

Active & Sold July 2010

399  listings:

 

55 Sold listings:

 

Median List Price $130,000 Median Sold Price $ 98,777

August 1, 2009 – July 31, 2010

1247 listings:

 

903 Sold listings:

 

Median List Price $129,000 Median Sold Price $120,000

August 1, 2010 – July 31, 2011

1132 listings:

 

788 Sold listings:

 

Median List Price $124,900 Median Sold Price $110,050

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