The following is a monthly market analysis for Beverly Hills Michigan. It compares only residential homes sold in Feb. 2009 with Jan. 2009 to determine the # of homes sold for the month and the increase/decrease in average sold price. It also includes Dec. 2008 to show the extreme fluctuation over the last few months in Beverly Hills. This market analysis also distinguishes how many homes were recorded to be Bank Owned/HUD as opposed to private owned. First figures include private, bank owned and short sales. In the latter part of 2008, Realtors were required to categorize ownership status so figures for bank owned for Feb. 2008 were not included. To insure that most leases were not included in data, minimum sale price used was $10,000.
Market Analysis
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Feb. 09 median sale price decreased 32% from Jan. 09 & 50% increase # of homes sold. No Bank owned homes sold in Jan. 09 to make a comparison in median price Jan. 09 saw a 28% increase in median sale price from Dec. 08 |
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Feb. 09 median sale price decreased 50% from Feb. 08 & 50% decrease in # homes sold. |
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Medium Sale price yr ending Feb. 2008 compared to yr ending Feb. 2009 decreased 25%; |
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Statistics rounded to nearest % -compiled from RealComp II data believed to be reliable. |
Active & Solds February 2009
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119 listings: |
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4 Sold listings: |
|
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Average List Price |
$298,252 |
Average Sold Price |
$156,150 |
|
Median List Price |
$279,900 |
Median Sold Price |
$129,050 |
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Highest List Price |
$1,095,000 |
Highest Sold Price |
$278,500 |
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Lowest List Price |
$54,900 |
Lowest Sold Price |
$88,000 |
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Avg. DOM |
202 |
Avg. DOM |
116 |
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Bank Owned |
11 listings |
Bank Owned |
2 Sold |
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Median List Price |
$99,900 |
Median Sold Price |
$92,250 |
|
Avg. DOM |
73 |
Avg. DOM |
80 |
Active & Solds January 2009
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117 listings: |
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2 Sold listings: |
|
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Average List Price |
$301,107 |
Average Sold Price |
$190,000 |
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Median List Price |
$279,900 |
Median Sold Price |
$190,000 |
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Highest List Price |
$1,095,000 |
Highest Sold Price |
$285,000 |
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Lowest List Price |
$54,900 |
Lowest Sold Price |
$95,000 |
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Avg. DOM |
205 |
Avg. DOM |
172 |
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Bank Owned |
9 listings |
Bank Owned |
0 Sold |
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Median List Price |
$99,900 |
Median Sold Price |
$0.00 |
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Avg. DOM |
72 |
Avg. DOM |
0 |
Active & Solds December 2008
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121 listings: |
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6 Sold listings: |
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|
Median List Price |
$269,900 |
Median Sold Price |
$136,000 |
Active & Solds February 2008
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123 listings: |
|
8 Sold listings: |
|
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Average List Price |
$300,713 |
Average Sold Price |
$240,062 |
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Median List Price |
$279,900 |
Median Sold Price |
$258,000 |
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Highest List Price |
$1,095,000 |
Highest Sold Price |
$345,000 |
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Lowest List Price |
$54,900.00 |
Lowest Sold Price |
$98,000 |
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Avg. DOM |
212 |
Avg. DOM |
308 |
March. 1, 2007 - Feb. 29, 2008
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217 listings: |
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102 Sold listings: |
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Median List Price |
$289,900 |
Median Sold Price |
$280,000 |
March. 1, 2008 - Feb. 28, 2009
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223 listings: |
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108 Sold listings: |
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Median List Price |
$250,000 |
Median Sold Price |
$210,000 |
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Year End Market Analysis for Oakland County 2008 compared to 2007
Beverly Hills Realtor selling Real Estate in Southeastern Michigan. TishHouse sells Houses - selling Oakland County Real Estate with RE/MAX Showcase Homes in Birmingham, Michigan. Helping People in a challenging market by specializing in Short Sales. See what my clients have to say about my extraordinary customer service. Follow me on Twitter.
Cathy nice work putting the market data together for your area. I am sure local readers appreciate it.