Market Analysis & Statistics For Birmingham MI February 2011
February 2011 median sale prices increased 10% from January 2011 & a 18% increase # of homes sold. Private owned homes median price decreased 18% in February 2011 from January 2011. Bank owned homes median price decreased 21% in February 2011 from January 2011. February 2011 median sale price increased 26% from February 2010. Yr ending February 2011 median sale price compared to yr ending February 2010 decreased 06%. Statistics rounded to nearest % -compiled from RealComp II data believed to be reliable.
Active & Solds February 2011
231 listings: | 28 Sold listings: | ||
Average List Price | $596,662 | Average Sold Price | $325,007 |
Median List Price | $425,000 | Median Sold Price | $268,500 |
Highest List Price | $3,695,000 | Highest Sold Price | $950,000 |
Lowest List Price | $57,900 | Lowest Sold Price | $ 75,000 |
Avg. DOM | 200 | Avg. DOM | 114 |
Private Owned | 220 listings | Private Owned | 24 Sold |
Median List Price | $444,950 | Median Sold Price | $333,000 |
Bank Owned | 11 listings | Bank Owned | 4 Sold |
Median List Price | $122,900 | Median Sold Price | $ 99,000 |
Active & Solds January 2011
225 listings: | 23 Sold listings: | ||
Median List Price | $425,000 | Median Sold Price | $241,000 |
Private Owned | 207 listings | Private Owned | 16 Sold |
Median List Price | $497,500 | Median Sold Price | $407,500 |
Bank Owned | 18 listings | Bank Owned | 7 Sold |
Median List Price | $127,400 | Median Sold Price | $125,000 |
Active & Solds February 2010
230 listings: | 27 Sold listings: | ||
Median List Price | $404,950 | Median Sold Price | $199,000 |
March 1, 2010 – February 28, 2011
602 listings: | 399 Sold listings: | ||
Median List Price | $337,000 | Median Sold Price | $250,000 |
March 1, 2009– February 28, 2010
576 listings: | 373 Sold listings: | ||
Median List Price | $349,000 | Median Sold Price | $267,100 |
Birmingham Market Analysis compares only median sold price of residential homes sold in February 2011 with January 2011 & February 2010; year ending February 2010 with yr ending February 2011. It shows all homes sold then private owned vs. Bank Owned/HUD. To exclude leases in data, minimum sale price used was $15,000.
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