Market Analysis for Royal Oak Michigan August 2011
August 2011 median sale price increased 04% from July 2011 & # of homes sold increased 17%. Private owned median price decreased 11% in August 2011 from July 2011. Bank owned homes median price increased 09% in August 2011 from July 2011. August 2011 median sale price increased 13% compared to August 2010 & # homes sold increased 40% in August 2011. Year ending August 2011 median sale price compared to year ending August 2010 decreased 06% and homes sold decreased 07% year ending August 2011 compared to year ending August 2010.
Statistics rounded to nearest % -compiled from RealComp II data believed to be reliable
Active & Sold August 2011
|
436 listings: |
92 Sold listings: |
||
| Average List Price | $145,550 | Average Sold Price | $125,459 |
| Median List Price | $132,116 | Median Sold Price | $115,000 |
| Highest List Price | $700,000 | Highest Sold Price | $420,000 |
| Lowest List Price | $29,900 | Lowest Sold Price | $ 27,250 |
| Avg. Days On Market | 106 | Avg. Days On Market | 80 |
|
Private Owned |
391 listings |
Private Owned |
79 Sold |
| Median List Price | $139,900 | Median Sold Price | $120,000 |
|
Bank Owned |
45 listings |
Bank Owned |
13 Sold |
| Median List Price | $ 91,500 | Median Sold Price | $ 82,000 |
Active & Sold July 2011
|
420 listings: |
76 Sold listings: |
||
| Median List Price | $134,900 | Median Sold Price | $110,000 |
|
Private Owned |
367 listings |
Private Owned |
55 |
| 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 August 2010
|
399 listings: |
55 Sold listings: |
|
|
| Median List Price | $130,000 | Median Sold Price | $ 99,999 |
September 1, 2009 – August 31, 2010
|
1234 listings: |
890 Sold listings: |
|
|
| Median List Price | $126,200 | Median Sold Price | $119,350 |
September 1, 2010 – August 31, 2011
|
1169 listings: |
825 Sold listings: |
|
|
| Median List Price | $125,000 | Median Sold Price | $112,500 |
Monthly market analysis August 2011 for Royal Oak Michigan compares only median sold price of residential homes sold in August 2011 with July 2011 & August 2010; year ending August 2010 with yr ending August 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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