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Market Analysis For Birmingham MI August 2009
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August 09 median sale prices increased 16% from July 09 & a 16% decrease # of homes sold. Private owned homes median price increased 16% in August 09 from July 09. Bank owned homes median price decreased 43% in August 09 from July 09. |
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August 09 median sale price decreased 12% from August 08. |
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Yr ending August 2009 median sale price compared to yr ending Aug 08 decreased 20% |
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Statistics rounded to nearest % -compiled from RealComp II data believed to be reliable. |
Active & Solds August 2009
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370 listings: |
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27 Sold listings: |
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Median List Price |
$419,950 |
Median Sold Price |
$350,000 |
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Avg. DOM |
202 |
Avg. DOM |
110 |
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Private Owned |
350 listings |
Private Owned |
22 Sold |
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Median List Price |
$445,000 |
Median Sold Price |
$441,750 |
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Bank Owned |
20 listings |
Bank Owned |
5 Sold |
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Median List Price |
$154,950 |
Median Sold Price |
$142,000 |
Active & Solds July 2009
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400 listings: |
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32 Sold listings: |
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Median List Price |
$442,450 |
Median Sold Price |
$295,000 |
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Private Owned |
371 listings |
Private Owned |
20 Sold |
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Median List Price |
$455,000 |
Median Sold Price |
$370,000 |
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Bank Owned |
29 listings |
Bank Owned |
12 Sold |
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Median List Price |
$153,450 |
Median Sold Price |
$250,000 |
Active & Solds August 2008
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368 listings: |
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25 Sold listings: |
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Median List Price |
$422,450 |
Median Sold Price |
$400,000 |
September 1, 2008 – August 31, 2009
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627 listings: |
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284 Sold listings: |
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Median List Price |
$350,000 |
Median Sold Price |
$257,500 |
September 1, 2007– August 31, 2008
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579 listings: |
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236 Sold listings: |
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Median List Price |
$389,000 |
Median Sold Price |
$322,250 |
Compares only median sold price of residential homes sold in August 09 with July 09 & August 08; year ending August 08 with yr ending August 09. It shows all homes sold then private owned vs. Bank Owned/HUD. To exclude leases in data, minimum sale price used was $15,000.
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Market Analysis for Birmingham July 2009
Market Analysis for Birmingham June 2009
Market Analysis for Birmingham May 2009
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 July 2009
Oakland County Market Analysis for June 2009
Oakland County Market Analysis for May 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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Birmingham Michigan is a great place to live and a prime location is the neighborhood surrounding Booth Park. It is a four-acre park located as a gateway to the center of town coming from the north. The entrance to Booth Park is on Harmon Street near the corner of Old Woodward and is a destination point for parents and kids with the community-built “Castle” play station, labyrinth/tunnel and an Astroturf hill where you can see children (and adults) slide down on pieces of cardboard. Along with a climbing wall, rock garden and a pedestrian trail connecting to the Rouge River Trail, there is a large open green space leading into the residential area where many homes overlook the park area.
Booth Park in Birmingham Michigan from Cathy Tishhouse on Vimeo.
The Cranbrook Foundation donated the land to the City of Birmingham in 1947. The Upper Rouge River Branch runs through the park which serves as an assess point to the river entering the park from the East. Stabilization of the Rouge River stream banks was one of the priorities of the City of Birmingham when developing the Booth Park project while creating a park visually aesthetic and public awareness of the value of the Rouge River system. Over 800 volunteers built the play station area in 2006 and it was the winner of the National Project of the Year award from the American Public Works Association. While Booth Park is the focal point of the northwest area of Birmingham Michigan the name has also come to represent the popular and sought after residential area known as Mill Pond (Holy Name). The official area of Mill Pond is bordered by Old Woodward, Maple, Oak Street to the north and Quarton Lake. There are three subdivisions closest to the park and downtown Birmingham that consist of Randall Add, Whitehead & Baldwin Shattuck. This area is comprised of about 123 homes and currently (August/September), there are 9 homes for sale and 6 that have sold in the last six months. On the lower end, homes can be found for about $400K and up to $1.8 million. However, the overall average is about $500K - $600K. The Booth Park/Mill Pond area of Birmingham is within walking distance to downtown. With numerous restaurants, two movie theaters, shops (including a Kroger’s), a cup cake station and so much more, Birmingham offers most everything. In the summer, there is a Farmer’s market almost diagonal to Booth Park and movie night in Booth Park. 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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After doing short sales for about a year now I find it alot hard to be on the buyers side as opposed to the sellers side because you have more control and a buyer can simply withdraw his offer. Coming down to the wire of the tax credit many of my buyers are becoming impatient, and one thing I hate doing is calling or emailing listing agent s for updates because I know it can be a nuissance because, as I dislike getting those calls or e-mails as well. At the same time its a good idea to where you stand in the short sale process. I wish it was a smoother process, but the harder the conflict the more glorious the triump.
Call me for any questions regarding short sales Office:248-649-7200 Cell:248-730-5411 Email: aliasjus@gmail.com justenalias.com Prevent Foreclosure if you or anyone you know is having a hard time with mortgage payments feel free to call me 248-730-5411 I have a qualified short sale team
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My realtor is real happy with Stage-Show-Sell...Example #2 Birmingham
This home has been on the market, priced was to high, for 18 months. The realtor that chooses to work with me :-) had the seller stage the home with, of course, Stage-Show-Sell and priced the home where it needed to be.
Price, Location and Condition is a winning combination that resulted in an offer in the first two weeks.
The vacant empty bath looked cold. It just didn't pop at all

Bath is very inviting now. The separate glass shower was a real treat for the buyer

This is typical of Cape Cod homes in the Birmingham Area.
The space at the top of the stairs, if not defined, is hard to imagine

Just a few pieces of furniture gives the room a purpose

The Master Bedroom was painted blue and of course vacant

It's hard to imagine where the furniture would be placed in the room

After with the right furniture placement facing the TV and fireplace

What dining room??

Very nice yard was easy and fun to stage.
We wanted to draw the eye to the back of the yard to show how deep it is.

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Successfully navigating the down market can be achieved by a good business model. Commercial and investment real estate is still a business. Review the six pillars of a good business model and how it relates to helping navigate the current down market. This short one minute video explains and may be helpful - http://www.motionbox.com/videos/7a9edab41e1ae3c1f5?type=sd For further information feel free to call for Commercial andInvestment Real Estate advice!
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