Market Analysis for Homes Sold in Berkley MI February 2011
February 2011 median sale prices increased 30% from January 2011 & # of homes sold remained relatively the same. Private owned median prices increased 22% in February 2011 from January 2011 & # of homes sold increased 14%. Bank owned homes median price increased 17% in February 2011 from January 2011. February 2011 median sale price increased 13% from February 2010 & and # homes sold increased 21% in February 2011. Year ending February 2011 median sale price compared to yr ending February 2010 increased 05%. Statistics rounded to nearest % -compiled from RealComp II data believed to be reliable.
Active & Sold February 2011
| 163 listings: |
|
19 Sold listings: |
|
| Average List Price |
$131,369 |
Average Sold Price |
$ 97,770 |
| Median List Price |
$119,900 |
Median Sold Price |
$ 90,000 |
| Highest List Price |
$289,000 |
Highest Sold Price |
$175,000 |
| Lowest List Price |
$32,680 |
Lowest Sold Price |
$ 58,500 |
| Avg. Days On Market |
139 |
Avg. Days On Market |
121 |
| Private Owned |
143 listings |
Private Owned |
14 Sold |
| Median List Price |
$127,988 |
Median Sold Price |
$118,000 |
| Bank Owned |
20 listings |
Bank Owned |
5 Sold |
| Median List Price |
$ 67,830 |
Median Sold Price |
$ 66,000 |
Active & Sold January 2011
| 162 listings: |
|
18 Sold listings: |
|
| Median List Price |
$116,950 |
Median Sold Price |
$ 62,750 |
| Private Owned |
135 listings |
Private Owned |
12 Sold |
| Median List Price |
$120,000 |
Median Sold Price |
$ 92,300 |
| Bank Owned |
27 listings |
Bank Owned |
6 Sold |
| Median List Price |
$ 59,900 |
Median Sold Price |
$ 54,950 |
Active & Sold February 2010
| 159 listings: |
|
15 Sold listings: |
|
| Median List Price |
$119,900 |
Median Sold Price |
$ 78,000 |
March 1, 2009 – February 28, 2010
| 404 listings: |
|
260 Sold listings: |
|
| Median List Price |
$109,900 |
Median Sold Price |
$ 95,500 |
March 1, 2010 – February 28, 2011
| 408 listings: |
|
264 Sold listings: |
|
| Median List Price |
$113,250 |
Median Sold Price |
$100,000 |
Monthly market analysis for Berkley Michigan Real Estate compares residential homes sold in February 2011 with January 2011 & February 2010; year ending February 2010 with year ending February 2011. It shows all homes sold then private owned vs. Bank Owned/HUD. To exclude leases in data, minimum sale price used was $5,000.
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