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The following is a monthly market analysis for Birmingham Michigan Real Estate. It compares only residential homes sold in May 2009 with April 2009 to determine the # of homes sold for the month and the increase or decrease in median sold price. It shows all homes sold then private owned vs. Bank Owned/HUD. In the latter part of 2008, Realtors were required to categorize ownership status so figures are not accurate for bank owned in earlier months and not calculated. Birmingham Market Analysis of Homes Sold also compares year ending May2008 to May 2009. To exclude leases in data, minimum sale price used was $5,000. |
Market Analysis For Birmingham MI May 2009
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May 09 median sale prices increased 1% from April 09 & a 23% decrease # of homes sold. Private owned homes median price decreased 30% in May 09. Bank owned homes median price increased 15% in May 09 from April 09. # of bank owned homes sold decreased 44% in May 09 from April 09 |
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May 09 median sale price decreased 31% from May 08 # homes sold stayed the same in May 09 and May 2008. |
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Year ending May 2008 median sale price compared to yr ending May 09 decreased 22%; |
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Statistics rounded to nearest % -compiled from RealComp II data believed to be reliable. |
Active & Solds May 2009
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419 listings: |
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23 Sold listings: |
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Median List Price |
$429,000 |
Median Sold Price |
$250,650 |
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Avg. DOM |
195 |
Avg. DOM |
135 |
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Private Owned |
390 listings |
Private Owned |
14 Sold |
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Median List Price |
$449,950 |
Median Sold Price |
$275,250 |
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Bank Owned |
29 listings |
Bank Owned |
9 Sold |
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Median List Price |
$190,000 |
Median Sold Price |
$217,000 |
Active & Solds April 2009
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406 listings: |
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30 Sold listings: |
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Median List Price |
$425,000 |
Median Sold Price |
$247,500 |
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Private Owned |
366 listings |
Private Owned |
14 Sold |
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Median List Price |
$450,000 |
Median Sold Price |
$393,750 |
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Bank Owned |
40 listings |
Bank Owned |
16 Sold |
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Median List Price |
$166,400 |
Median Sold Price |
$184,450 |
Active & Solds May 2008
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419 listings: |
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23 Sold listings: |
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Median List Price |
$444,900 |
Median Sold Price |
$365,000 |
June 1, 2007 – April 30, 2008
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648 listings: |
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252 Sold listings: |
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Median List Price |
$399,900 |
Median Sold Price |
$340,000 |
June 1, 2008 – April 30, 2009
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662 listings: |
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266 Sold listings: |
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Median List Price |
$375,000 |
Median Sold Price |
$263,750 |
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Market Analysis for Birmingham April 2009
Market Analysis for Birmingham March 2009
Market Analysis for Birmingham February 2009
Birmingham Michigan January 2009 Market Analysis
Oakland County Market Analysis for April 2009
Oakland County Market Analysis for March 2009
Oakland County Market Analysis for February 2009
Birmingham Michigan Realtor selling Oakland County Real Estate. TishHouse sells Houses - selling Real Estate in Southeastern Michigan 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.
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Working within a few blocks of Birmingham Michigan, I often attend the events in Shain Park. Days before the 46th annual Village Fair, I was downtown and saw the Ferris wheel going up. Being a favorite of mine growing up on the west side of Michigan, my attendance was almost guaranteed. I was going out of town the weekend of the Village Fair but it opened on a Thursday and it was my only chance. I worked until 8PM and it looked a bit like rain but I couldn’t resist stopping by. And sure enough, you will see my video view of Birmingham from the very top of the Ferris wheel. What’s more, the attendance was minimal at the fair in the evening and they said the ride required two people. They took mercy on me (the camcorder must have counted) and I was the only one riding and they stopped for a few minutes at the very top . . .
Birmingham Michigan Village Fair from Cathy Tishhouse on Vimeo.
The rides were definitely the hit at the fair. I did encounter a young very excited boy (declined to be in the video) helping to locate his sister’s shoe. I saw them bringing a broom to the booth and stopped to inquire. He explained how they were riding “Freak Out” and his sister lost her shoe, which landed on the top of the tent. On a quieter note, I couldn’t resist filming the floating ducks – these brought back by earliest memories of picking one up to see the number and always winning something. It was great weather and all weekend and I imagined the crowds the Birmingham Village Fair must have had and the fun I would have captured – but then I wouldn’t have had my very own private ride on the Ferris wheel.
Birmingham Michigan Realtor selling Oakland County Real Estate. TishHouse sells Houses - selling Real Estate in Southeastern Michigan 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.
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Time for the Friday Roll Call!!!! Let's get positive!!
I am dedicating another post just to allow all of us the opportunity to read a positive story or two. I will start!!:
1. Had two inspections, that both went well.
2. Got 2 Short Sale and 1 buyer Referrals this week
3. Lost a buyer on a Short sale listing on Monday but got two offers today to save the deal.
4. Got a flattering offer to join a top notch team, past on it but it was so nice be asked.
5. The weather is wonderful.
6. My family is healthy and all is well
7. Played soft ball with my 2 brothers, had a blast, reminded me how nice it was to be a kid!
***" Winners WIN by never losing, achievers achieve by never quitting. ", Mike Sher?***
Make it a winning week.
Mike S
Mike Sher, (248) 548-9100 x127 shortsale@mikerealtor.com
Servicing Southeast Oakland County, Auburn Hills, Birmingham, Bloomfield, Berkley, Beverly Hills, Canton, Clawson, Farmington Hills, Ferndale, Huntington Woods, Northville, Novi, Pleasant Ridge, Plymouth, Royal Oak, Rochester Hills, West Bloomfield, Troy, etc. We worked with: Bank of America, Country Wide, HSBC, EverHome, Litton, GMAC, Chase, Wells Fargo, Flagstar, Fifth Third, Charter One, Comerica, Am Trust, US Bank, National City
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This is a Birmingham Short Sale that I listed and closed. My seller needed to sell. He was forced to relocate; his occupation was not in demand any more and his income was reduced to half. He and his wife were thrilled with my services. Without a Short Sale, he would have been foreclosed on. This would result in years of debt and probable litigation with wage garnishments.
Some Homes have become an anchor that prevents the owner from progressing with the rest of their lives. A SHORT SALE can cut the rope which allows the seller to move on to a brighter future with our the baggage of the past.
PROFILE:
Location: Down Town Birmingham, MI
Type: Single Family Home, 2100 Sqft, 3 bed, 2.1 bath, basement and garage
Condition: completely updated with granite countertops, remodeled baths and more.
Lender: Wells Fargo
Amount Owed: $630,000
Sold Price: $385,000
List Date: 09/17/2007
Closed Date 06/06/2008
Negotiation time: 4 month
Amount owed by seller post closing: zero
Seller's out of pocket costs: less then $1000
Hardship: loss of income, failing business and forced to relocate.
Happy Seller, Happy Buyer and One less Foreclosure in Michigan.
Call me, I can help
Mike Sher,
(248) 548-9100 x127
CDPE (Certified Distress Property Expert)
MCAR, Short Sale Trainer
Max Brook and Real Estate One Short Sale Specialist.
The Mike Realtor Team Blog - Metro Detroit/Oakland County
Servicing in Southeast Oakland County, Auburn Hills, Birmingham, Bloomfield, Berkley, Beverly Hills, Canton, Clawson, Farmington Hills, Ferndale, Huntington Woods, Northville, Novi, Pleasant Ridge, Plymouth, Royal Oak, Rochester Hills, West Bloomfield, Troy, etc. We worked with: Bank of America, Country Wide, HSBC, EverHome, Litton, GMAC, Chase, Wells Fargo, Flagstar, Fifth Third, Charter One, Comerica, Am Trust, US Bank, National City
But, We Can Help!
This is a competitive real estate market. If you have to sell and can not, perhaps it is time to look at a Short Sale. The Mike Realtor Team has performed dozens of Short Sales for professionals who have lost their job, income has declined, medical problems, relocation, retirement, divorce, loss of spouse, unable to make ends meet, or other reasons not listed.
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The Birmingham Bloomfield Art Center held their annual fine art festival in Shain Park over Mother’s Day. Called “Art Birmingham”, the juried art event featured about 180 artists from all over the U.S. in a variety of media. There were two great local events that weekend so after touring Royal Oak in Bloom, I drove the short distance to downtown Birmingham Michigan to capture the art and music of another great community in Oakland County Michigan.
Annual "Art Birmingham" in Shain Park from Cathy Tishhouse on Vimeo.
Attracting approximately 80,000 visitors over the weekend, Art Birmingham offered more than just art for purchase. Musical entertainment this year included Parisian chanteuse Michelet Innocent. I spent a fair amount of my time listening to him—very beautiful as you saw in the video. The cabaret vocalist sings in many languages - French, English, Spanish, Italian, Creole - and styles that range from easy listening to old-time favorites. Another highlight to my visit to Art Birmingham was listening to a young person playing solo on a park bench near Shain Park as I was leaving. It was more than just listening to him playing music that captivated me but admiring his ability & courage to be out there creating life.
Over all It was a great day in the local communities of Birmingham and Royal Oak in the Metro Detroit area of Oakland County Michigan.
Birmingham Michigan Realtor selling Oakland County Real Estate. TishHouse sells Houses - selling Real Estate in Southeastern Michigan 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.
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