This is a monthly market analysis for Beverly Hills Michigan. It compares only residential homes sold in March 2009 with Feb. 09 determining # of homes sold for the month & increase/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. Beverly Hills 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
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March. 09 median sale prices decreased 53% from Feb. 09 & a 25% decrease in # of homes sold. Private owned median price increased 12% in March 09 from Feb. 09. Bank owned homes median price decreased 51% in March. 09 from Feb. 09. Keep in mind only 1 private home sold in March 09 |
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Mar. 09 median price decreased 74% from Mar. 08 & 63% decrease in # homes sold |
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First Quarter 09 median sale price decreased 61% from First Quarter 2008 & 63% decrease in # homes sold |
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Year ending Mar. 2009 median price compared to yr ending Mar. 08 decreased 23%; |
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Analysis compiled from RealComp II data believed reliable & rounded to nearest % |
Active & Sold March 2009
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128 listings: |
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3 Sold listings: |
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Average List Price |
$279,327 |
Average Sold Price |
$113,167 |
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Median List Price |
$250,000 |
Median Sold Price |
$60,501 |
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Highest List Price |
$1,095,000 |
Highest Sold Price |
$249,000 |
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Lowest List Price |
$32,500 |
Lowest Sold Price |
$30,000 |
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Avg. Days On Market |
188 |
Avg. Days On Market |
97 |
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Private Owned |
117 listings |
Private Owned |
1 Sold |
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Median List Price |
$265,000 |
Median Sold Price |
$249,000 |
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Bank Owned |
11 listings |
Bank Owned |
2 Sold |
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Median List Price |
$74,900 |
Median Sold Price |
$45,250 |
Active & Sold February 2009
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129 listings: |
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4 Sold listings: |
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Median List Price |
$279,900 |
Median Sold Price |
$129,050 |
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Private Owned |
118 listings |
Private Owned |
2 Sold |
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Median List Price |
$267,450 |
Median Sold Price |
$220,050 |
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Bank Owned |
11 listings |
Bank Owned |
2 Sold |
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Median List Price |
$99,900 |
Median Sold Price |
$92,250 |
Active & Sold March 2008
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133 listings: |
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8 Sold listings: |
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Median List Price |
$255,000 |
Median Sold Price |
$229,950 |
First Quarter ending March 31, 2009
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134 listings: |
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9 Sold listings: |
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Median List Price |
$250,000 |
Median Sold Price |
$96,500 |
First Quarter ending March 31, 2008
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149 listings: |
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24 Sold listings: |
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Median List Price |
$259,000 |
Median Sold Price |
$248,700 |
April 1, 2007 - March 31, 2008
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225 listings: |
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100 Sold listings: |
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Median List Price |
$279,000 |
Median Sold Price |
$273,000 |
April 1, 2008 - March 31, 2009
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228 listings: |
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103 Sold listings: |
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Median List Price |
$242,450 |
Median Sold Price |
$210,000 |
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Market Analysis for Beverly Hills February 2009
Oakland County Market Analysis for March 2009
Oakland County Market Analysis for February 2009
Beverly Hills 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.
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