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Royal Oak, MI

Market Analysis & Statistics For Homes Sold in Royal Oak January 2010

Cathy Tishhouse Royal Oak Real Estate: Real Estate Agent in Royal Oak, MI

Market Analysis and Statistics for Royal Oak Michigan January 2010

January 2010 median sale prices remained relatively the same from Dec. 09 & # of homes sold decreased 36%. Private owned median price decreased 6% in Jan. 10 from Dec. 09. Bank owned homes median price increased 9% in January 2010 from December 09.

January 2010 median sale price increased 3% from Jan. 09 & # increased 20% Jan. 2010

Yr ending Jan. 10 median sale price compared to yr ending Jan. 09 decreased 21%;

Statistics rounded to nearest % -compiled from RealComp II data believed to be reliable.

Active & Sold January 2010

456 listings:

45 Sold listings:

Median List Price

$145,000

Median Sold Price

$110,000

Avg. Days On Market

159

Avg. Days On Market

81

Private Owned

422 listings

Private Owned

32 Sold

Median List Price

$149,000

Median Sold Price

$121,100

Bank Owned

34 listings

Bank Owned

13 Sold

Median List Price

$89,900

Median Sold Price

$90,000

Active & Sold December 2009

465 listings:

70 Sold listings:

Median List Price

$139,900

Median Sold Price

$109,650

Private Owned

413 listings

Private Owned

45 Sold

Median List Price

$149,900

Median Sold Price

$128,500

Bank Owned

52 listings

Bank Owned

25 Sold

Median List Price

$79,950

Median Sold Price

$81,500

Active & Sold January 2009

447 listings:

36 Sold listings:

Median List Price

$144,900

Median Sold Price

$106,500

February 1, 2008 – January 31, 2009

1073 listings:

662 Sold listings:

Median List Price

$149,900

Median Sold Price

$145,000

February 1, 2009 – January 31, 2010

1241 listings:

830 Sold listings:

Median List Price

$129,900

Median Sold Price

$115,000

Monthly market analysis January 2010 for Royal Oak Michigan compares only median sold price of residential homes sold in January 2010 with December 09 & January 09; year ending January 09 with yr ending January 2010. 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 for an IDX Home Search

If you are looking to Sell a Home, click here for an outline of our Marketing Strategy

Market Analysis for Royal Oak December 2009

Market Analysis for Royal Oak November 2009

Market Analysis for Royal Oak October 2009

Market Analysis for Royal Oak September 2009

Market Analysis for Royal Oak August 2009

Market Analysis for Royal Oak July 2009

Market Analysis for Royal Oak June 2009

Market Analysis for Royal Oak May 2009

Market Analysis for Royal Oak April 2009

Market Analysis for Royal Oak March 2009

Market Analysis for Royal Oak February 2009

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..

Market Analysis Statistics for Homes Sold in Royal Oak December 2009

Cathy Tishhouse Royal Oak Real Estate: Real Estate Agent in Royal Oak, MI

Market Analysis for Royal Oak Michigan December 2009

December 09 median sale prices decreased 13% from Nov. 09 & # of homes sold decreased 10%. Private owned median price decreased 10% in Dec. 09 from Nov. 09 with a 29% decrease in # of homes sold in Dec.. Bank owned homes median price increased marginally in December 09 from November 09.

Dec. 2009 median sale price decreased 5% from Dec. 08 & # homes increased 40% in Dec. 2009

Yr ending Dec. 09 median sale price compared to yr ending Dec. 08 decreased 23%;

Statistics rounded to nearest % -compiled from RealComp II data believed to be reliable.

Active & Sold December 2009

465 listings:

70 Sold listings:

Median List Price

$139,900

Median Sold Price

$109,650

Avg. Days On Market

162

Avg. Days On Market

112

Private Owned

413 listings

Private Owned

45 Sold

Median List Price

$149,900

Median Sold Price

$128,500

Bank Owned

52 listings

Bank Owned

25 Sold

Median List Price

$79,950

Median Sold Price

$81,500

Active & Sold November 2009

518 listings:

78 Sold listings:

Median List Price

$146,950

Median Sold Price

$126,500

Private Owned

478 listings

Private Owned

63 Sold

Median List Price

$149,900

Median Sold Price

$143,000

Bank Owned

40 listings

Bank Owned

15 Sold

Median List Price

$79,900

Median Sold Price

$80,000

Active & Sold December 2008

437 listings:

42 Sold listings:

Median List Price

$146,000

Median Sold Price

$116,000

January 1, 2008 – December 31, 2008

1059 listings:

664 Sold listings:

Median List Price

$149,900

Median Sold Price

$148,900

January 1, 2009 – December 31, 2009

1210 listings:

815 Sold listings:

Median List Price

$129,900

Median Sold Price

$114,900

Monthly market analysis December 2009 for Royal Oak Michigan compares only median sold price of residential homes sold in December 09 with November 09 & December 08; year ending December 08 with yr ending December 09. 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 for an IDX Home Search

If you are looking to Sell a Home, click here for an outline of our Marketing Strategy

Market Analysis for Royal Oak November 2009

Market Analysis for Royal Oak October 2009

Market Analysis for Royal Oak September 2009

Market Analysis for Royal Oak August 2009

Market Analysis for Royal Oak July 2009

Market Analysis for Royal Oak June 2009

Market Analysis for Royal Oak May 2009

Market Analysis for Royal Oak April 2009

Market Analysis for Royal Oak March 2009

Market Analysis for Royal Oak February 2009

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..

Royal Oak Short Sale Realtor Tip#30, keep your friends happy but keep your clients happier! Birmingham MI Max Broock Oakland County

12-29-09
Mike Sher
Mike Sher: Real Estate Agent in Bloomfield Hills, MI

Just closed on my 21st short sale of the year. This was a Royal Oak townhome that we sold for 40% of what my client owed. My client had been out of work for 9 months and could not find any new employment. She was burning through her savings and was scared. The borrower could not get a loan modification because she had no income and soon she was going to have to walk from her home. This was not in her nature for she was a spiritual person who does not like to walk away from her problems. Her mother found me though reading my blog on short sales. I must admit, when I first spoke to her, I was not going to take the listing. The condo was going to be very hard to sell since the units were unwarrantable. This means that the buyer would have to pay cash. This would lower the sale price to below $40,000.00 and since she had two loans, I knew that this would be a tough short sale. But, she seemed so nice, I could not say no. Well we closed and below is a letter she wrote for me.

The moral is that the best way to keep a client is to make them a happy client.

Mike Sher

Dear Mike,

I just want to thank you again for all the hard work you did in short-selling my condo in Royal Oak. In these times that are extremely difficult financially for so many people, you are making a true difference in so many people's lives. You helped to save me from having to go into foreclosure. You were confident and encouraging the entire time, and I think it was your positive energy that helped us to hurdle all the obstacles in the path. Thank you also for always keeping me up to date the entire time with e-mails and records of how you were creatively advertising my condo., scheduling all the showings, all the phone calls to the bank, and finally all the phone calls with the buyers. You made the whole process smooth sailing.

You have an amazing gift, and your integrity in your business dealings shines through. Now, I feel hope to go on with my life and make a fresh start. I'll be sure to refer you to anyone I come across who needs similar help.

Take care and Happy New Year!

Sincerely,
T. K.

AR opinion is needed

Virginia Tatseos     : Home Stager in Bloomfield Township, MI

One of the nice things about having the business a little slow this week is the chance to play with different programs.

This home was re-staged in December 2009 after the buyer couldn't close on the home.

I thought this would be a good opportunity to try the Photosynth program again.

I'm looking for opinions on the program and it's potential in marketing homes for sale.

Royal Oak staged by Stage-Show-Sell, LLC

My AR family I need your opinion

Royal Oak Michigan Market Analysis Homes Sold November 2009

Cathy Tishhouse Royal Oak Real Estate: Real Estate Agent in Royal Oak, MI

Market Analysis for Royal Oak Michigan November 2009

Nov. 09 median sale prices increased 5% from Oct. 09 & # of homes sold decreased 8%. Private owned median price increased 6% in Nov.. 09 from Oct. 09. Bank owned homes median price increased 20% in November 09 from October 09.

Nov. 09 median sale price decreased 9% from Nov. 08 & # homes increased 51% in Nov. 2009 from November 2008

Yr ending Nov. 09 median sale price compared to yr ending Nov. 08 decreased 23%;

Statistics rounded to nearest % -compiled from RealComp II data believed to be reliable.

Active & Sold November 2009

518 listings:

78 Sold listings:

Median List Price

$146,950

Median Sold Price

$126,500

Avg. Days On Market

145

Avg. Days On Market

109

Private Owned

478 listings

Private Owned

63 Sold

Median List Price

$149,900

Median Sold Price

$143,000

Bank Owned

40 listings

Bank Owned

15 Sold

Median List Price

$79,900

Median Sold Price

$80,000

Active & Sold October 2009

547 listings:

85 Sold listings:

Median List Price

$142,900

Median Sold Price

$120,000

Private Owned

492 listings

Private Owned

62 Sold

Median List Price

$149,900

Median Sold Price

$135,000

Bank Owned

55 listings

Bank Owned

23 Sold

Median List Price

$70,000

Median Sold Price

$64,000

Active & Sold November 2008

478 listings:

38 Sold listings:

Median List Price

$149,000

Median Sold Price

$138,600

December 1, 2007 – November 30, 2008

1107 listings:

667 Sold listings:

Median List Price

$150,000

Median Sold Price

$150,000

December 1, 2008 – November 30, 2009

1220 listings:

780 Sold listings:

Median List Price

$129,900

Median Sold Price

$115,000

Monthly market analysis November 2009 for Royal Oak Michigan compares only median sold price of residential homes sold in November 09 with October 09 & November 08; year ending November 08 with yr ending November 09. 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 for an IDX Home Search

If you are looking to Sell a Home, click here for an outline of our Marketing Strategy

Market Analysis for Royal Oak October 2009

Market Analysis for Royal Oak September 2009

Market Analysis for Royal Oak August 2009

Market Analysis for Royal Oak July 2009

Market Analysis for Royal Oak June 2009

Market Analysis for Royal Oak May 2009

Market Analysis for Royal Oak April 2009

Market Analysis for Royal Oak March 2009

Market Analysis for Royal Oak February 2009

Oakland County Market Analysis for July 2009

Oakland County Market Analysis for June 2009

Oakland County Market Analysis for May 2009

Royal Oak 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.