Market Analysis & Statistics For Birmingham MI April 2011
April 2011 median sale prices decreased 09% from March 2011 & a 23% decrease # of homes sold. Private owned homes median price decreased 15% in April 2011 from March 2011. Bank owned homes median price increased 08% in April 2011 from March 2011. April 2011 median sale price decreased 10% from April 2010. Yr ending April 2011 median sale price compared to yr ending April 2010 decreased 05%. Statistics rounded to nearest % -compiled from RealComp II data believed to be reliable.
Active & Solds April 2011
|240 listings:||30 Sold listings:|
|Average List Price||$594,197||Average Sold Price||$306,028|
|Median List Price||$449,450||Median Sold Price||$222,000|
|Highest List Price||$3,400,000||Highest Sold Price||$1,030,500|
|Lowest List Price||$74,500||Lowest Sold Price||$ 68,250|
|Avg. DOM||164||Avg. DOM||117|
|Private Owned||230 listings||Private Owned||24 Sold|
|Median List Price||$454,500||Median Sold Price||$291,000|
|Bank Owned||10 listings||Bank Owned||6 Sold|
|Median List Price||$138,900||Median Sold Price||$134,125|
Active & Solds March 2011
|237 listings:||39 Sold listings:|
|Median List Price||$459,998||Median Sold Price||$245,000|
|Private Owned||219 listings||Private Owned||28 Sold|
|Median List Price||$479,000||Median Sold Price||$343,750|
|Bank Owned||18 listings||Bank Owned||11 Sold|
|Median List Price||$129,790||Median Sold Price||$123,000|
Active & Solds April 2010
|254 listings:||44 Sold listings:|
|Median List Price||$429,950||Median Sold Price||$247,450|
May 1, 2010 – April 30, 2011
|599 listings:||389 Sold listings:|
|Median List Price||$349,900||Median Sold Price||$250,000|
May 1, 2009– April 30, 2010
|605 listings:||395 Sold listings:|
|Median List Price||$350,000||Median Sold Price||$262,500|
Birmingham Market Analysis compares only median sold price of residential homes sold in April 2011 with March 2011 & April 2010; year ending April 2010 with yr ending April 2011. It shows all homes sold then private owned vs. Bank Owned/HUD. To exclude leases in data, minimum sale price used was $15,000.
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