Birmingham Michigan Market Analysis and Statistics Homes Sold April 2010

By
Real Estate Agent with RE/MAX Showcase Homes

Market Analysis & Statistics For Birmingham MI April 2010

April 2010 median sale prices increased 3% from March ‘10 & a 17% increase # of homes sold. Private owned homes median price decreased 27% in April ‘10 from March ‘10.  Bank owned homes median price increased 38% in April ‘10 from March ‘10. April 2010 median sale price decreased 8% from April 09. Year ending Apr. 2010 median sale price compared to yr ending Apr. 2009 decreased 09%.

Active & Solds April 2010

302 listings:

 

42 Sold listings:

 

Average List Price

$692,329

Average Sold Price

$313,304

Median List Price

$469,000

Median Sold Price

$247,450

Highest List Price

$6,395,000

Highest Sold Price

$1,325,000

Lowest List Price

$80,000

Lowest Sold Price

$89,900

Avg. DOM

165

Avg. DOM

100

Private Owned

284 listings

Private Owned

31 Sold

Median List Price

$499,000

Median Sold Price

$245,000

Bank Owned

18 listings

Bank Owned

11 Sold

Median List Price

$266,200

Median Sold Price

$251,535

Active & Solds March 2010

310 listings:

 

35  Sold listings:

 

Median List Price

$447,000

Median Sold Price

$240,000

Private Owned

285 listings

Private Owned

24 Sold

Median List Price

$490,000

Median Sold Price

$334,000

Bank Owned

25 listings

Bank Owned

11 Sold

Median List Price

$205,000

Median Sold Price

$156,900

Active & Solds April 2009

292 listings:

 

32 Sold listings:

 

Median List Price

$492,500

Median Sold Price

$269,500

May 1, 2009 – April 30, 2010

685 listings:

 

425 Sold listings:

 

Median List Price

$349,900

Median Sold Price

$262,500

May 1, 2008– April 30, 2009

543 listings:

 

283 Sold listings:

 

Median List Price

$399,900

Median Sold Price

$290,000

 

Apr

May

June

July

Aug

Sept

Oct

Nov

Dec

Jan

Feb

Mar

Compared to previous month

-07

-01

+18

-02

+16

-23

+05

-07

00

+18

-38

+03

Compared to same month previous year

-11

-31

-29

-02

-12

-01

+16

+15

+11

+41

-30

-08

Compared to Yr. Ending same month previous Yr.

-17

-22

-23

-19

-20

-21

-19

-16

-13

-11

-13

-09

Birmingham Market Analysis compares only median sold price of residential homes sold in Apirl 2010 with March 2010 & April 09; year ending April 09 with yr ending April 2010.  It shows all homes sold then private owned vs. Bank Owned/HUD.  To exclude leases in data, minimum sale price used was $15,000. It also shows a year in review of the market decrease and increase for 2009 through 2010.  Statistics rounded to nearest % - compiled from RealCompII data and believed to be reliable.

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Birmingham Realtor selling Oakland County Real Estate.  TishHouse sells Houses – selling Real Estate 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 onTwitter..

 

 

 

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