Beverly Hills Michigan Market Analysis Homes Sold January 1, 2009 – December 31, 2009 These statistics compare month-to-month median price of homes sold from January 1, 2009 to December 31, 2009 in Beverly Hills Michigan. The statistics also compare each month to the previous month in the same year and the same month in 2008. The year ending figures on the third line compare median price of homes sold year ending January 2009 compared to year ending January 2008 and similarly each month thereafter. The market has been fluctuating considerably from month to month in Beverly Hills. We are seeing a narrowing margin of decline each month compared to 2008. This indicates that prices may be starting to stabilize but too soon to say with the erratic fluctuations in the month to month statistics. Year ending December 2009 was up 17% (-08%) compared to the negative -25% the market was down yr. ending 2008 - even though it is still a negative value. Jan. Feb Mar Apr May June July Aug Sept Oct Nov Dec Compared to previous month +28 -32 -53 +65 -14 +20 +18 -18 +16 -16 -23 +28 Compared to same month 08 -28 -50 -74 -17 -34 -22 -16 -18 -07 +03 -20 +33 Compared to Yr. Ending -24 -25 -23 -24 -28 -30 -27 -24 -24 -19 -21 -08 Median price Yr Ending Dec. 05 $312,000 Median price Yr Ending Dec. 06 $277,500 -11% Compared to 2005 Median price Yr Ending Dec. 07 $282,950 +02% Compared to 2006 Median price Yr Ending Dec. 08 $212,000 -25% Compared to 2007 Median price Yr Ending Dec. 09 $195,500 -08% Compared to 2008 Overall - Median Price of Homes Sold In Beverly Hills over the past 5 years has declined 37% Statistics rounded to nearest % -compiled from RealComp II data believed to be reliable.
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