Market Analysis for Royal Oak Michigan July 2011
July 2011 median sale price increased 04% from June 2011 & # of homes sold decreased 08%. Private owned median price remained the same in July 2011 from June 2011. Bank owned homes median price increased 03% in July 2011 from June 2011. July 2011 median sale price decreased 20% compared to July 2010 & # homes sold increased 10% in July 2011. Year ending July 2011 median sale price compared to year ending July 2010 decreased 08% and homes sold decreased 13% year ending July 2011 compared to year ending July 2010.
Statistics rounded to nearest % -compiled from RealComp II data believed to be reliable
Active & Sold July 2011
|
420 listings: |
76 Sold listings: |
||
| Average List Price | $146,950 | Average Sold Price | $128,805 |
| Median List Price | $134,900 | Median Sold Price | $110,000 |
| Highest List Price | $700,000 | Highest Sold Price | $456,000 |
| Lowest List Price | $29,900 | Lowest Sold Price | $ 35,000 |
| Avg. Days On Market | 108 | Avg. Days On Market | 88 |
|
Private Owned |
367 listings |
Private Owned |
55 Sold |
| Median List Price | $139,900 | Median Sold Price | $135,000 |
|
Bank Owned |
53 listings |
Bank Owned |
21 Sold |
| Median List Price | $86,500 | Median Sold Price | $74,500 |
Active & Sold June 2011
|
417 listings: |
83 Sold listings: |
||
| Median List Price | $129,900 | Median Sold Price | $106,000 |
|
Private Owned |
377 listings |
Private Owned |
64 |
| Median List Price | $134,900 | Median Sold Price | $135,000 |
|
Bank Owned |
40 listings |
Bank Owned |
19 Sold |
| Median List Price | $77,400 | Median Sold Price | $72,000 |
Active & Sold July 2010
|
399 listings: |
55 Sold listings: |
|
|
| Median List Price | $130,000 | Median Sold Price | $ 98,777 |
August 1, 2009 – July 31, 2010
|
1247 listings: |
903 Sold listings: |
|
|
| Median List Price | $129,000 | Median Sold Price | $120,000 |
August 1, 2010 – July 31, 2011
|
1132 listings: |
788 Sold listings: |
|
|
| Median List Price | $124,900 | Median Sold Price | $110,050 |
Monthly market analysis July 2011 for Royal Oak Michigan compares only median sold price of residential homes sold in July 2011 with June 2011 & July 2010; year ending July 2010 with yr ending July 2011. It shows all homes sold then private owned vs. Bank Owned/HUD to determine the # of homes sold for the month and increase/decrease in median sold price. To exclude leases in data, minimum sale price used was $5,000.
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