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

Market Analysis for Homes Sold in Berkley MI January 2011

January 2011 median sale prices decreased 28% from December 2010 & # of homes sold remained the same. Private owned median prices decreased 21% in January 2011 from December 2010 & # of homes sold decreased 14%.  Bank owned homes median price increased 09% in January 2011 from December 2010. January 2011 median sale price decreased 23% from January 2010 & and # homes sold increased 11% in January 2011. Year ending January 2011 median sale price compared to yr ending January 2010 increased 03%.  Statistics rounded to nearest % -compiled from RealComp II data believed to be reliable.

Active & Sold January 2011

162 listings: 18 Sold listings:
Average List Price $125,203 Average Sold Price $76,968
Median List Price $116,950 Median Sold Price $ 62,750
Highest List Price $279,900 Highest Sold Price $127,000
Lowest List Price $27,500 Lowest Sold Price $ 25,000
Avg. Days On Market 130 Avg. Days On Market 89
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 December 2010

166  listings: 18 Sold listings:
Median List Price $122,000 Median Sold Price $106,500
Private Owned 147 listings Private Owned 14 Sold
Median List Price $129,750 Median Sold Price $116,747
Bank Owned 19 listings Bank Owned 4 Sold
Median List Price $ 67,760 Median Sold Price $ 50,250

Active & Sold January 2010

107 listings: 16 Sold listings:
Median List Price $119,895 Median Sold Price $ 81,600

February 1, 2010 – January 31, 2010

404 listings: 259 Sold listings:
Median List Price $110,000 Median Sold Price $96,000

February 1, 2010 – January 31, 2011

434 listings: 260 Sold listings:
Median List Price $108,900 Median Sold Price $ 98,875

Monthly market analysis for Berkley Michigan Real Estate compares residential homes sold in January 2011 with December 2010 & January 2010; year ending January 2010 with year ending January 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.

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View all Market Analysis for Berkley, Michigan

Berkley MI 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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