Market Analysis & Statistics for Homes Sold in Berkley MI February 2011

Market Analysis for Homes Sold in Berkley MI February 2011

February 2011 median sale prices increased 30% from January 2011 & # of homes sold remained relatively the same. Private owned median prices increased 22% in February 2011 from January 2011 & # of homes sold increased 14%.  Bank owned homes median price increased 17% in February 2011 from January 2011. February 2011 median sale price increased 13% from February 2010 & and # homes sold increased 21% in February 2011. Year ending February 2011 median sale price compared to yr ending February 2010 increased 05%.  Statistics rounded to nearest % -compiled from RealComp II data believed to be reliable.

Active & Sold February 2011

163 listings: 19 Sold listings:
Average List Price $131,369 Average Sold Price $ 97,770
Median List Price $119,900 Median Sold Price $ 90,000
Highest List Price $289,000 Highest Sold Price $175,000
Lowest List Price $32,680 Lowest Sold Price $ 58,500
Avg. Days On Market 139 Avg. Days On Market 121
Private Owned 143 listings Private Owned 14 Sold
Median List Price $127,988 Median Sold Price $118,000
Bank Owned 20 listings Bank Owned 5 Sold
Median List Price $ 67,830 Median Sold Price $ 66,000

Active & Sold January 2011

162  listings: 18 Sold listings:
Median List Price $116,950 Median Sold Price $ 62,750
Private Owned 135 listings Private Owned 12 Sold
Median List Price $120,000 Median Sold Price $ 92,300
Bank Owned 27 listings Bank Owned 6 Sold
Median List Price $ 59,900 Median Sold Price $ 54,950

Active & Sold February 2010

159 listings: 15 Sold listings:
Median List Price $119,900 Median Sold Price $ 78,000

March 1, 2009 – February 28, 2010

404 listings: 260 Sold listings:
Median List Price $109,900 Median Sold Price $ 95,500

March 1, 2010 – February 28, 2011

408 listings: 264 Sold listings:
Median List Price $113,250 Median Sold Price $100,000

Monthly market analysis for Berkley Michigan Real Estate compares residential homes sold in February 2011 with January 2011 & February 2010; year ending February 2010 with year ending February 2011.  It shows all homes sold then private owned vs. Bank Owned/HUD. To exclude leases in data, minimum sale price used was $5,000.

If you are looking to Purchase a Home, click here.

If you are looking to Sell a Home, click here.

To view previous months Market Analysis of Berkley Michigan, click here

Berkley Michigan 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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