Market Analysis & Statistics For Birmingham MI February 2011
February 2011 median sale prices increased 10% from January 2011 & a 18% increase # of homes sold. Private owned homes median price decreased 18% in February 2011 from January 2011. Bank owned homes median price decreased 21% in February 2011 from January 2011. February 2011 median sale price increased 26% from February 2010. Yr ending February 2011 median sale price compared to yr ending February 2010 decreased 06%. Statistics rounded to nearest % -compiled from RealComp II data believed to be reliable.
Active & Solds February 2011
|231 listings:||28 Sold listings:|
|Average List Price||$596,662||Average Sold Price||$325,007|
|Median List Price||$425,000||Median Sold Price||$268,500|
|Highest List Price||$3,695,000||Highest Sold Price||$950,000|
|Lowest List Price||$57,900||Lowest Sold Price||$ 75,000|
|Avg. DOM||200||Avg. DOM||114|
|Private Owned||220 listings||Private Owned||24 Sold|
|Median List Price||$444,950||Median Sold Price||$333,000|
|Bank Owned||11 listings||Bank Owned||4 Sold|
|Median List Price||$122,900||Median Sold Price||$ 99,000|
Active & Solds January 2011
|225 listings:||23 Sold listings:|
|Median List Price||$425,000||Median Sold Price||$241,000|
|Private Owned||207 listings||Private Owned||16 Sold|
|Median List Price||$497,500||Median Sold Price||$407,500|
|Bank Owned||18 listings||Bank Owned||7 Sold|
|Median List Price||$127,400||Median Sold Price||$125,000|
Active & Solds February 2010
|230 listings:||27 Sold listings:|
|Median List Price||$404,950||Median Sold Price||$199,000|
March 1, 2010 – February 28, 2011
|602 listings:||399 Sold listings:|
|Median List Price||$337,000||Median Sold Price||$250,000|
March 1, 2009– February 28, 2010
|576 listings:||373 Sold listings:|
|Median List Price||$349,000||Median Sold Price||$267,100|
Birmingham Market Analysis compares only median sold price of residential homes sold in February 2011 with January 2011 & February 2010; year ending February 2010 with yr 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 $15,000.
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