Market Analysis & Statistics For Birmingham MI January 2011
January 2011 median sale prices decreased 01% from December 2010 & a 43% decrease # of homes sold. Private owned homes median price increased 27% in January 2011 from December 2010 and # of homes sold decreased 50%. Bank owned homes median price increased 09% in January 2011 from December 2010. January 2011 median sale price decreased 25% from January 2010. Yr ending January 2011 median sale price compared to yr ending January 20010 decreased 10%. Statistics rounded to nearest % -compiled from RealComp II data believed to be reliable.
Active & Solds January 2011
| 225 listings: |
|
23 Sold listings: |
|
| Average List Price |
$635,655 |
Average Sold Price |
$350,501 |
| Median List Price |
$425,000 |
Median Sold Price |
$241,000 |
| Highest List Price |
$6,900,000 |
Highest Sold Price |
$846,500 |
| Lowest List Price |
$68,900 |
Lowest Sold Price |
$103,000 |
| Avg. DOM |
205 |
Avg. DOM |
93 |
| 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 December 2010
| 239 listings: |
|
40 Sold listings: |
|
| Median List Price |
$425,000 |
Median Sold Price |
$243,500 |
| Private Owned |
223 listings |
Private Owned |
32 Sold |
| Median List Price |
$449,000 |
Median Sold Price |
$297,500 |
| Bank Owned |
16 listings |
Bank Owned |
8 Sold |
| Median List Price |
$118,400 |
Median Sold Price |
$114,200 |
Active & Solds January 2010
| 221 listings: |
|
19 Sold listings: |
|
| Median List Price |
$425,000 |
Median Sold Price |
$320,000 |
February 1, 2009 – January 31, 2010
| 567 listings: |
|
365 Sold listings: |
|
| Median List Price |
$349,000 |
Median Sold Price |
$275,000 |
February 1, 2010– January 31, 2011
| 600 listings: |
|
398 Sold listings: |
|
| Median List Price |
$320,000 |
Median Sold Price |
$247,500 |
Birmingham Market Analysis compares only median sold price of residential homes sold in January 2011 with December 2010 & January 2010; year ending January 2010 with yr ending January 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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