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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