Market Analysis for Homes Sold in Berkley MI May 2010
May 2010 median sale prices increased 4% from April ‘10 & # of homes sold decreased 26%. Private owned median prices increased 12% in May 2010 from April‘10 & # of homes sold decreased 23%. Bank owned homes median price decreased 31% in May 2010 from April 2010. May 2010 median sale price increased 44% from May 2009. Yr ending May ‘10 median sale price compared to yr ending May 09 decreased 15%.
Statistics rounded to nearest % -compiled from RealComp II data believed to be reliable.
Active & Sold May 2010
|
167 listings: |
|
23 Sold listings: |
|
|
Average List Price |
$125,170 |
Average Sold Price |
$129,620 |
|
Median List Price |
$123,000 |
Median Sold Price |
$125,000 |
|
Highest List Price |
$299,000 |
Highest Sold Price |
$238,700 |
|
Lowest List Price |
$24,900 |
Lowest Sold Price |
$22,200 |
|
Avg. Days On Market |
119 |
Avg. Days On Market |
92 |
|
Private Owned |
148 listings |
Private Owned |
20 Sold |
|
Median List Price |
$129,900 |
Median Sold Price |
$141,950 |
|
Bank Owned |
19 listings |
Bank Owned |
3 Sold |
|
Median List Price |
$79,900 |
Median Sold Price |
$50,550 |
Active & Sold April 2010
|
166 listings: |
|
31 Sold listings: |
|
|
Median List Price |
$124,949 |
Median Sold Price |
$119,900 |
|
Private Owned |
122 listings |
Private Owned |
26 Sold |
|
Median List Price |
$129,900 |
Median Sold Price |
$124,900 |
|
Bank Owned |
17 listings |
Bank Owned |
5 Sold |
|
Median List Price |
$73,900 |
Median Sold Price |
$73,500 |
Active & Sold May 2009
|
157 listings: |
|
13 Sold listings: |
|
|
Median List Price |
$119,900 |
Median Sold Price |
$78,000 |
June 1, 2008 – May 31, 2009
|
391 listings: |
|
247 Sold listings: |
|
|
Median List Price |
$125,000 |
Median Sold Price |
$123,000 |
June 1, 2009 – May 31, 2010
|
416 listings: |
|
272 Sold listings: |
|
|
Median List Price |
$115,000 |
Median Sold Price |
$105,000 |
Monthly market analysis for Berkley Michigan Real Estate compares residential homes sold in May 2010 with April 2010 & May 09; year ending May 09 with year ending May 2010. 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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