Market Analysis & Statistics for Homes Sold in Berkley MI March 2010
March 2010 median sale prices increased 24% from Feb. ‘10 & # of homes sold increased 39%. Private owned median prices increased 14% in March 2010 from Feb. ‘10 & # of homes sold increased 36%. Bank owned homes median price increased 13% in March 2010 from February 2010. March 2010 median sale price increased 7% from March 2009 & and # homes sold decreased by 18% compared to a year ago. Yr ending Mar. ‘10 median sale price compared to yr. ending Mar. 09 decreased 26%. In the Year-to-date comparisons below, we are seeing a positive increase from the previous month and March 2009 but the year end totals are still declining. Statistics rounded to nearest % -compiled from RealComp II data believed to be reliable.
Active & Sold March 2010
|
172 listings:
|
|
23 Sold listings:
|
|
|
Average List Price
|
$125,926
|
Average Sold Price
|
$107,528
|
|
Median List Price
|
$124,700
|
Median Sold Price
|
$106,000
|
|
Highest List Price
|
$279,900
|
Highest Sold Price
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$220,000
|
|
Lowest List Price
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$29,900
|
Lowest Sold Price
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$26,500
|
|
Avg. Days On Market
|
123
|
Avg. Days On Market
|
77
|
|
Private Owned
|
151 listings
|
Private Owned
|
14 Sold
|
|
Median List Price
|
$130,000
|
Median Sold Price
|
$125,000
|
|
Bank Owned
|
21 listings
|
Bank Owned
|
9 Sold
|
|
Median List Price
|
$89,900
|
Median Sold Price
|
$82,500
|
Active & Sold February 2010
|
166 listings:
|
|
14 Sold listings:
|
|
|
Median List Price
|
$129,450
|
Median Sold Price
|
$80,250
|
|
Private Owned
|
153 listings
|
Private Owned
|
9 Sold
|
|
Median List Price
|
$136,000
|
Median Sold Price
|
$108,000
|
|
Bank Owned
|
13 listings
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Bank Owned
|
5 Sold
|
|
Median List Price
|
$79,900
|
Median Sold Price
|
$72,000
|
Active & Sold March 2009
|
177 listings:
|
|
28 Sold listings:
|
|
|
Median List Price
|
$124,900
|
Median Sold Price
|
$98,500
|
April 1, 2008 – March 31, 2009
|
401 listings:
|
|
252 Sold listings:
|
|
|
Median List Price
|
$129,900
|
Median Sold Price
|
$129,300
|
April 1, 2009 – March 31, 2010
|
403 listings:
|
|
254 Sold listings:
|
|
|
Median List Price
|
$115,000
|
Median Sold Price
|
$96,250
|
Year-To-Date Statistical Comparison of Monthly Statistics From Above & Previous Months
|
|
Apr
|
May
|
June
|
July
|
Aug
|
Sept
|
Oct
|
Nov
|
Dec
|
Jan
|
Feb
|
Mar
|
|
Compared to previous month
|
-02
|
-27
|
+29
|
-17
|
+21
|
-29
|
+15
|
00
|
+19
|
-32
|
-02
|
+24
|
|
Compared to same month previous year (2008 – 2009)
|
-27
|
-39
|
-19
|
-40
|
-14
|
-39
|
-30
|
-25
|
+09
|
-24
|
+09
|
+07
|
|
Compared to Yr. Ending same month previous Yr.
|
-16
|
-16
|
-16
|
-14
|
-21
|
-26
|
-30
|
-28
|
-28
|
-27
|
-26
|
-26
|
Monthly market analysis for Berkley Michigan Real Estate compares residential homes sold in March 2010 with February 2010 & March 09; year ending March 09 with year ending March 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.
Click here for all statistics and market analysis for Berkley Michigan
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