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Market Analysis For Homes Sold in Berkley Michigan July 2009

By
Real Estate Agent with RE/MAX Showcase Homes

Market Analysis for Homes Sold in Berkley MI July 2009

July 09 median sale prices decreased 17% from June 09 & # of homes sold increased 47%. Private owned median prices decreased 4% in July 09 from June 09 & # of homes sold increased 39%. Bank owned homes median price decreased 22% in July 09 from June 09. 

July 09 median sale price decreased 40% from July 08 & 44% increase in # homes sold.  

Yr ending July 2009 median sale price compared to yr ending July 08 decreased 14%

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

Active & Sold July 2009

190 listings:

 

36 Sold listings:

 

Median List Price 

$124,900

Median Sold Price 

$91,000

Avg. Days On Market

138

Avg. Days On Market

84

Private Owned

163 listings

Private Owned

23 Sold 

Median List Price 

$130,000

Median Sold Price 

$115,000 

Bank Owned

27 listings

Bank Owned

13 Sold 

Median List Price 

$67,900

Median Sold Price 

$38,000

Active & Sold June 2009

195  listings:

 

19 Sold listings:

 

Median List Price 

$129,900

Median Sold Price 

$110,000

Private Owned

171 listings

Private Owned

14 Sold 

Median List Price 

$134,900

Median Sold Price 

$119,250

Bank Owned

24 listings

Bank Owned

5 Sold 

Median List Price 

$74,950

Median Sold Price 

$48,500

Active & Sold July 2008

174  listings:

 

20 Sold listings:

Median List Price 

$134,950

Median Sold Price 

$152,700

August 1, 2007 – July 31, 2008

369 listings:

 

215 Sold listings:

Median List Price 

$139.900

Median Sold Price 

$142,000

August 1, 2008 – July 31, 2009

406 listings:

 

252 Sold listings:

Median List Price 

$124,900

Median Sold Price 

$115,000

Monthly market analysis for Berkley Michigan Real Estate compares residential homes sold in July 2009 with June 2009 & July 08; year ending July 08 with year ending July 09.  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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Market Analysis for Berkley June 2009

Market Analysis for Berkley May 2009

Market Analysis for Berkley April 2009

Market Analysis for Berkley March 2009

Oakland County Market Analysis for July 2009

Oakland County Market Analysis for June 2009

Oakland County Market Analysis for May 2009

Berkley Michigan Realtor selling Oakland County Real Estate.   TishHouse sells Houses - selling Real Estate in Southeastern Michigan 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.