Market Analysis Homes Sold for Royal Oak Michigan January 2011

By
Real Estate Agent with RE/MAX Showcase Homes

Market Analysis for Royal Oak Michigan January 2011

January 2011 median sale prices decreased 09% from December 2010 & # of homes sold increased 04%.  Private owned median price increased 04% in January 2011 from December 2010.  Bank owned homes median price decreased 38% in January 2011 from December 2010. January 2011 median sale price decreased 06% from January 2010 & # homes sold increased 08% in January 2011. Year ending January 2011 median sale price compared to year ending January 2010 increased 02% and homes sold decreased 04% year ending January 2011 compared to year ending January 2010.

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

Active & Sold January 2011

426 listings: 50 Sold listings:
Average List Price $139,055 Average Sold Price $121,056
Median List Price $127,188 Median Sold Price $103,550
Highest List Price $599,000 Highest Sold Price $319,900
Lowest List Price $32,000 Lowest Sold Price $ 31,500
Avg. Days On Market 141 Avg. Days On Market 85
Private Owned 363 listings Private Owned 32 Sold
Median List Price $136,900 Median Sold Price $135,250
Bank Owned 62 listings Bank Owned 17 Sold
Median List Price $82,225 Median Sold Price $42,000

Active & Sold December 2010

414 listings: 48 Sold listings:
Median List Price $129,509 Median Sold Price $113,407
Private Owned 358 listings Private Owned 35 Sold
Median List Price $136,000 Median Sold Price $130,000
Bank Owned 56 listings Bank Owned 13 Sold
Median List Price $89,900 Median Sold Price $68,000

Active & Sold January 2010

422  listings: 46 Sold listings:
Median List Price $128,993 Median Sold Price $110,000

February 1, 2009 – January 31, 2010

1208 listings: 833 Sold listings:
Median List Price $124,700 Median Sold Price $115,000

February 1, 2010 – January 31, 2011

1175 listings: 800 Sold listings:
Median List Price $124,900 Median Sold Price $117,000

Monthly market analysis January 2011 for Royal Oak Michigan compares only median sold price of residential homes sold in January 2011 with December 2010 & January 2010; year ending January 2010 with yr ending January 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.

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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 onTwitter.

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