Market Analysis for Homes Sold in Berkley MI August 2010
August 2010 median sale prices increased 07% from July 2010 & # of homes sold remained relatively the same. Private owned median prices increased 20% in August 2010 from July 2010 & # of homes sold remained relatively the same. Bank owned homes median price increased 07% in August 2010 from July 2010. August 2010 median sale price increased 06% from August 2009 & and # homes sold increased 26% in August 2010. Year ending August 2010 median sale price compared to yr ending August 2009 increased 05%. Statistics rounded to nearest % -compiled from RealComp II data believed to be reliable.
Active & Sold August 2010
| 165 listings: | 23 Sold listings: | ||
| Average List Price | $123,401 | Average Sold Price | $107,687 |
| Median List Price | $124,999 | Median Sold Price | $97,000 |
| Highest List Price | $319,900 | Highest Sold Price | $232,000 |
| Lowest List Price | $26,900 | Lowest Sold Price | $36,650 |
| Avg. Days On Market | 123 | Avg. Days On Market | 89 |
| Private Owned | 146 listings | Private Owned | 17 Sold |
| Median List Price | $129,900 | Median Sold Price | $128,200 |
| Bank Owned | 19 listings | Bank Owned | 6 Sold |
| Median List Price | $65,000 | Median Sold Price | $64,450 |
Active & Sold July 2010
| 158 listings: | 22 Sold listings: | ||
| Median List Price | $124,900 | Median Sold Price | $90,000 |
| Private Owned | 139 listings | Private Owned | 16 Sold |
| Median List Price | $129,900 | Median Sold Price | $102,500 |
| Bank Owned | 19 listings | Bank Owned | 6 Sold |
| Median List Price | $65,600 | Median Sold Price | $60,000 |
Active & Sold August 2009
| 159 listings: | 17 Sold listings: | ||
| Median List Price | $125,000 | Median Sold Price | $91,000 |
September 1, 2008 – August 31, 2009
| 375 listings: | 233 Sold listings: | ||
| Median List Price | $119,900 | Median Sold Price | $110,000 |
September 1, 2009 – August 31, 2010
| 423 listings: | 281 Sold listings: | ||
| Median List Price | $115,000 | Median Sold Price | $105,000 |
Monthly market analysis for Berkley Michigan Real Estate compares residential homes sold in August 2010 with July 2010 & August 2009; year ending August 09 with year ending August 2010. It shows all homes sold then private owned vs. Bank Owned/HUD. To exclude leases in data, minimum sale price used was $5,000.
| Sept | Oct | Nov | Dec | Jan | Feb | Mar | Apr | May | June | July | Aug | |
| Compared to previous month | -29 | +15 | 00 | +19 | -32 | -02 | +24 | +12 | +04 | -22 | -17 | +07 |
| Compared to same month previous year (2008 – 2009) | -39 | -30 | -25 | +09 | -24 | +09 | +07 | +21 | +44 | +05 | -01 | +06 |
| Compared to Yr. Ending same month previous Yr. | -26 | -30 | -28 | -28 | -27 | -26 | -26 | -24 | -15 | -11 | -06 | +05 |
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