Market Analysis for Royal Oak Michigan August 2011
August 2011 median sale price increased 04% from July 2011 & # of homes sold increased 17%. Private owned median price decreased 11% in August 2011 from July 2011. Bank owned homes median price increased 09% in August 2011 from July 2011. August 2011 median sale price increased 13% compared to August 2010 & # homes sold increased 40% in August 2011. Year ending August 2011 median sale price compared to year ending August 2010 decreased 06% and homes sold decreased 07% year ending August 2011 compared to year ending August 2010.
Statistics rounded to nearest % -compiled from RealComp II data believed to be reliable
Active & Sold August 2011
|
436 listings:
|
|
92 Sold listings:
|
|
| Average List Price |
$145,550 |
Average Sold Price |
$125,459 |
| Median List Price |
$132,116 |
Median Sold Price |
$115,000 |
| Highest List Price |
$700,000 |
Highest Sold Price |
$420,000 |
| Lowest List Price |
$29,900 |
Lowest Sold Price |
$ 27,250 |
| Avg. Days On Market |
106 |
Avg. Days On Market |
80 |
|
Private Owned
|
391 listings |
Private Owned
|
79 Sold |
| Median List Price |
$139,900 |
Median Sold Price |
$120,000 |
|
Bank Owned
|
45 listings |
Bank Owned
|
13 Sold |
| Median List Price |
$ 91,500 |
Median Sold Price |
$ 82,000 |
Active & Sold July 2011
|
420 listings:
|
|
76 Sold listings:
|
|
| Median List Price |
$134,900 |
Median Sold Price |
$110,000 |
|
Private Owned
|
367 listings |
Private Owned
|
55 |
| Median List Price |
$139,900 |
Median Sold Price |
$135,000 |
|
Bank Owned
|
53 listings |
Bank Owned
|
21 Sold |
| Median List Price |
$86,500 |
Median Sold Price |
$74,500 |
Active & Sold August 2010
|
399 listings:
|
|
55 Sold listings:
|
|
| Median List Price |
$130,000 |
Median Sold Price |
$ 99,999 |
September 1, 2009 – August 31, 2010
|
1234 listings:
|
|
890 Sold listings:
|
|
| Median List Price |
$126,200 |
Median Sold Price |
$119,350 |
September 1, 2010 – August 31, 2011
|
1169 listings:
|
|
825 Sold listings:
|
|
| Median List Price |
$125,000 |
Median Sold Price |
$112,500 |
Monthly market analysis August 2011 for Royal Oak Michigan compares only median sold price of residential homes sold in August 2011 with July 2011 & August 2010; year ending August 2010 with yr ending August 2011. It shows all homes sold then private owned vs. Bank Owned/HUD to determine the # of homes sold for the month and increase/decrease in median sold price. To exclude leases in data, minimum sale price used was $5,000.
If you are looking to Purchase a Home, click here.
If you are looking to Sell a Home, click here.
View all Market Analysis for Royal Oak, Michigan
Royal Oak Realtor selling Oakland County Real Estate. TishHouse sells Houses – selling Real Estate 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.
