Market Analysis & Statistics Homes Sold Birmingham MI August 2011

Market Analysis & Statistics For Birmingham MI August 2011

August 2011 median sale prices increased 08% from July 2011 & # of homes decreased 27% in August 2011 from July 2011. Private owned homes median price increased 14% in August 2011 from July 2011.  Bank owned homes median price increased 37% in August 2011 from July 2011.  August 2011 median sale price increased 09% from August 2010. Yr ending August 2011 median sale price compared to yr ending August 2010 increased 10%.  Statistics rounded to nearest % -compiled from RealComp II data believed to be reliable. 

Active & Solds August 2011

236 listings:

35 Sold listings:

Average List Price $615,054 Average Sold Price $407,546
Median List Price $450,000 Median Sold Price $370,000
Highest List Price $3,400,000 Highest Sold Price $910, 000
Lowest List Price $14,975 Lowest Sold Price $ 90,000

Avg. DOM

165

Avg. DOM

109

Private Owned

228 listings

Private Owned

32 Sold
Median List Price $459,000 Median Sold Price $394,950

Bank Owned

8 listings

Bank Owned

3 Sold
Median List Price $206,400 Median Sold Price $218,900

Active & Solds July 2011

249 listings:

48 Sold listings:

Median List Price $449,900 Median Sold Price $338,583

Private Owned

241 listings

Private Owned

45 Sold
Median List Price $450,000 Median Sold Price $340,000

Bank Owned

8 listings

Bank Owned

3 Sold
Median List Price $141,200 Median Sold Price $138,000

Active & Solds August 2010

233 listings:

32 Sold listings:

 

Median List Price $449,900 Median Sold Price $337,375

September 1, 2010 – August 31, 2011

600 listings:

399 Sold listings:

 

Median List Price $350,000 Median Sold Price $290,000

September 1, 2009– August 31, 2010

621 listings:

420  Sold listings:

 

Median List Price $341,000 Median Sold Price $260,000

Birmingham Market Analysis compares only median sold price of residential homes sold in August 2011 with July 2011 & August 2010; year ending August 2010 with yr ending August 2011.  It shows all homes sold then private owned vs. Bank Owned/HUD.  To exclude leases in data, minimum sale price used was $10,000.

Click here to view Birmingham Michigan previous months market statistics.

Click here to view Bloomfield Hills & West Bloomfield, Michigan for more market statistics.

or visit our new website about Birmingham Michigan Homes to learn more about Birmingham & search for homes.

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