Market Analysis for Homes Sold in Berkley MI October 2010
October 2010 median sale prices increased 17% from September 2010 & # of homes sold decreased 45% compared to September. Private owned median prices increased 06% in October 2010 from September 2010 & # of homes sold decreased 46%. Bank owned homes median price increased 15% in October 2010 from September 2010. October 2010 median sale price decreased 11% from October 2009 & and # homes sold decreased 50% in October 2010. Year ending October 2010 median sale price compared to yr ending October 2009 increased 01%. Statistics rounded to nearest % -compiled from RealComp II data believed to be reliable.
Active & Sold October 2010
| 176 listings: | 12 Sold listings: | ||
| Average List Price | $131,160 | Average Sold Price | $ 90,554 |
| Median List Price | $119,950 | Median Sold Price | $ 86,250 |
| Highest List Price | $319,900 | Highest Sold Price | $185,000 |
| Lowest List Price | $26,900 | Lowest Sold Price | $ 18,000 |
| Avg. Days On Market | 113 | Avg. Days On Market | 111 |
| Private Owned | 158 listings | Private Owned | 7 Sold |
| Median List Price | $128,875 | Median Sold Price | $100,300 |
| Bank Owned | 18 listings | Bank Owned | 5 Sold |
| Median List Price | $ 63,950 | Median Sold Price | $58,700 |
Active & Sold September 2010
| 179 listings: | 22 Sold listings: | ||
| Median List Price | $119,900 | Median Sold Price | $71,250 |
| Private Owned | 158 listings | Private Owned | 13 Sold |
| Median List Price | $125,000 | Median Sold Price | $ 94,000 |
| Bank Owned | 21 listings | Bank Owned | 9 Sold |
| Median List Price | $59,900 | Median Sold Price | $50,000 |
Active & Sold October 2009
| 188 listings: | 24 Sold listings: | ||
| Median List Price | $119,950 | Median Sold Price | $97,000 |
November 1, 2008 – October 31, 2009
| 408 listings: | 244 Sold listings: | ||
| Median List Price | $114,950 | Median Sold Price | $99,000 |
November 1, 2009 – October 31, 2010
| 431 listings: | 267 Sold listings: | ||
| Median List Price | $119,000 | Median Sold Price | $100,000 |
Monthly market analysis for Berkley Michigan Real Estate compares residential homes sold in October 2010 with September 2010 & October 2009; year ending October 09 with year ending October 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.
| Nov | Dec | Jan | Feb | Mar | Apr | May | June | July | Aug | Sept | Oct | |
| Compared to previous month | 00 | +19 | -32 | -02 | +24 | +12 | +04 | -22 | -17 | +07 | -27 | -17 |
| Compared to same month previous year (2008 – 2009) | -25 | +09 | -24 | +09 | +07 | +21 | +44 | +05 | -01 | +06 | -22 | -11 |
| Compared to Yr. Ending same month previous Yr. | -28 | -28 | -27 | -26 | -26 | -24 | -15 | -11 | -06 | +05 | -04 | +01 |
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