The following is a monthly market analysis for Northville & Northville Twp., Michigan. It compares only residential homes sold in Feb. 2009 with Jan. 2009 to determine the # of homes sold for the month and the increase/decrease in average sold price. It also distinguishes how many homes were recorded to be Bank Owned/HUD. as opposed to private owned. First figures include all homes--private, bank owned and short sales. In the latter part of 2008, Realtors were required to categorize ownership status so figures were not accurate and not calculated for bank owned Feb. 2008 or YTD. To insure that most leases were not included in data, minimum sale price used was $12,000.
Market Analysis
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Feb. 09 median sale price decreased 17% from Jan. 09 & a 3% increase # of homes sold. Bank owned homes median price decreased 18% in Feb. 09 from Jan. 09 |
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Feb. 09 median sale price decreased 23% from Feb. 08 & 16% increase in # homes sold. Bank owned homes median price decreased 32% in Feb. 09 from Feb. 08 |
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Medium Sale price yr ending Feb. 2008 compared to yr ending Feb. 2009 decreased 16%; |
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Statistics rounded to nearest % -compiled from RealComp II data believed to be reliable. |
Active & Solds February 2009
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293 listings: |
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19 Sold listings: |
|
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Average List Price |
$538,937 |
Average Sold Price |
$351,968 |
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Median List Price |
$435,000 |
Median Sold Price |
$325,000 |
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Highest List Price |
$3,999,000 |
Highest Sold Price |
$606,375 |
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Lowest List Price |
$45,000 |
Lowest Sold Price |
$127,000 |
|
Avg. DOM |
200 |
Avg. DOM |
115 |
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Bank Owned |
18 listings |
Bank Owned |
4 Sold |
|
Median List Price |
$272,700 |
Median Sold Price |
$307,500 |
|
Avg. DOM |
99 |
Avg. DOM |
55 |
Active & Solds January 2009
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288 listings: |
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14 Sold listings: |
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Average List Price |
$545,934 |
Average Sold Price |
$394,500 |
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Median List Price |
$444,220 |
Median Sold Price |
$392,500 |
|
Avg. DOM |
211 |
Avg. DOM |
332 |
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Bank Owned |
16 listings |
Bank Owned |
2 Sold |
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Median List Price |
$252,750 |
Median Sold Price |
$373,000 |
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Avg. DOM |
111 |
Avg. DOM |
106 |
Active & Solds February 2008
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290 listings: |
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16 Sold listings: |
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Median List Price |
$444,220 |
Median Sold Price |
$422,000 |
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Avg. DOM |
200 |
Avg. DOM |
110 |
March 1, 2007 - Feb. 29, 2008
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558 listings: |
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284 Sold listings: |
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Median List Price |
$449,900 |
Median Sold Price |
$435,000 |
March 1, 2008 - Feb. 28, 2009
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566 listings: |
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292 Sold listings: |
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Median List Price |
$401,875 |
Median Sold Price |
$365,000 |
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Northville Realtor selling Real Estate in Southeastern Michigan. TishHouse sells Houses - selling Wayne & 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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