Special offer

Berkley Michigan Market Analysis for March 2009 & First Quarter 2009

By
Real Estate Agent with RE/MAX Showcase Homes

The following is a monthly market analysis for Berkley Michigan.  It compares only residential homes sold in March 2009 with Feb. 2009 to determine the # of homes sold for the month and the increase or decrease in median sold price.  It shows all homes sold then private owned vs. Bank Owned/HUD.  In the latter part of 2008, Realtors were required to categorize ownership status so figures are not accurate for bank owned in earlier months and not calculated.  Berkley Market Analysis also compares First Quarter 2009 to 2008 and year ending March 2008 to March. 2009.  To exclude leases in data, minimum sale price used was $5,000.

Market Analysis

March. 09 median sale prices increased 25% from Feb. 09 & a 44% increase in # of homes sold. Private owned median price decreased 13% March 09 from Feb. 09 & #of homes sold increased 67%  Bank owned homes median price increased 8% in March. 09 from Feb. 09.

Mar. 09 median sale price decreased 13% from Mar. 08 & 32% increase in # homes sold. 

First Quarter 09 median sale price decreased 16% from First Quarter 2008

Year ending Mar. 2009 median sale price compared to yr ending Mar. 08 decreased 13%;

Statistics rounded to nearest % -compiled from RealComp II data believed to be reliable.

Active & Sold March 2009

186 listings:

 

25 Sold listings:

 

Average List Price

$128,615

Average Sold Price

$111,256

Median List Price

$129,900

Median Sold Price

$110,000

Highest List Price

$325,000

Highest Sold Price

$215,000

Lowest List Price

$29,900

Lowest Sold Price

$25,000

Avg. Days On Market

135

Avg. Days On Market

145

Private Owned

161 listings

Private Owned

18 Sold

Median List Price

$135,900

Median Sold Price

$118,500

Bank Owned

25 listings

Bank Owned

7 Sold

Median List Price

$79,900

Median Sold Price

$55,000

Active & Sold February 2009

175  listings:

 

14 Sold listings:

 

Median List Price

$129,900

Median Sold Price

$73,000

Private Owned

149 listings

Private Owned

6 Sold

Median List Price

$137,500

Median Sold Price

$135,575

Bank Owned

26 listings

Bank Owned

8 Sold

Median List Price

$65,575

Median Sold Price

$50,500

Active & Sold March 2008

178  listings:

 

17 Sold listings:

 

Median List Price

$134,900

Median Sold Price

$127,000

First Quarter ending March 31, 2009

213 listings:

 

52 Sold listings:

 

Median List Price

$129,684

Median Sold Price

$104,000

First Quarter ending March 31, 2008

201 listings:

 

43 Sold listings:

 

Median List Price

$135,000

Median Sold Price

$123,300

April 1, 2007 - March 31, 2008

379 listings:

 

218 Sold listings:

 

Median List Price

$142,500

Median Sold Price

$149,000

April 1, 2008 - March 31, 2009

409 listings:

 

248 Sold listings:

 

Median List Price

$134,500

Median Sold Price

$129,750

If you are looking to Purchase a Home, click here for an IDX Home Search

If you are looking to Sell a Home, click here for an outline of our Marketing Strategy

Market Analysis for Berkley February 2009

Oakland County Market Analysis for March 2009

Oakland County Market Analysis for February 2009

Retweet button for TwitterBerkley Realtor selling Real Estate in Southeastern Michigan.  TishHouse sells Houses - selling Oakland County Real Estate 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.

Comments (0)