Berkley Market Analysis Homes Sold February 2009

By
Real Estate Agent with RE/MAX Showcase Homes

The following is a monthly market analysis for Berkley Michigan.  It compares only residential homes sold in Feb. 2009 with Jan. 2009 to determine the # of homes sold for the month and the increase/decrease in average sold price.  It also distinguishes how many homes were recorded to be Bank Owned/HUD. as opposed to private owned.   First figures include private, bank owned and short sales.  In the latter part of 2008, Realtors were required to categorize ownership status so figures do not truly reflect the actual number of bank owned Feb. 2008 so bank owned is not calculated.  This Berkley Market Analysis also compares February YTD 08 to 09.  To insure that most leases were not included in data, minimum sale price used was $3,000.

Market Analysis

Feb. 09 median sale price decreased 32% from Jan. 09 & a Minimal change in # of homes sold. Bank owned homes median price decreased 38% in Feb. 09 from Jan. 09

Feb. 09 median sale price decreased 53% from Feb. 08 & Minimal change in # homes sold. 

Medium Sale price yr ending Feb. 2009 compared to yr ending Feb. 2008 decreased 13%. # of homes sold increased 11% from a year ago

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

Active & Solds February 2009

167  listings:

 

14 Sold listings:

 

Average List Price

$130,921

Average Sold Price

$89,011

Median List Price

$135,000

Median Sold Price

$73,000

Highest List Price

$325,000

Highest Sold Price

$180,000

Lowest List Price

$27,666

Lowest Sold Price

$20,000

Avg. DOM

139

Avg. DOM

98

Bank Owned

28 listings

Bank Owned

8 Sold

Median List Price

$63,125

Median Sold Price

$50,500

Avg. DOM

102

Avg. DOM

87

Active & Solds January 2009

166 listings:

 

13 Sold listings:

 

Average List Price

$132,047

Average Sold Price

$102,761

Median List Price

$135,000

Median Sold Price

$108,000

Avg. DOM

139

Avg. DOM

96

Bank Owned

26 listings

Bank Owned

6 Sold

Median List Price

$83,950

Median Sold Price

$81,000

Avg. DOM

91

Avg. DOM

36

Active & Solds February 2008

169 listings:

 

16 Sold listings:

 

Average List Price

$136,711

Average Sold Price

$154,212

Avg. DOM

135

Avg. DOM

64

March. 1, 2007 - Feb. 29, 2008

336 listings:

 

213 Sold listings:

 

Median List Price

$145,000

Median Sold Price

$150,000

March. 1, 2008 - Feb. 28, 2009

393 listings:

 

240 Sold listings:

 

Median List Price

$135,000

Median Sold Price

$130,000

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Oakland County Market Analysis for February 2009

Oakland County Market Analysis for January 2009

Year End Market Analysis for Oakland County 2008 compared to 2007

Berkley Realtor selling Real Estate in Southeastern Michigan.  TishHouse sells Houses - selling Oakland County Real Estate 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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Topic:
Real Estate Market Trends
Location:
Michigan Oakland County Berkley
Groups:
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berkley michigan market analysis
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179,892

Cathy Tishhouse

Royal Oak Real Estate
Looking to Sell Your Home
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Additional Information

Royal Oak Realtor located in Birmingham Michigan, selling Real Estate in Birmingham, Royal Oak, Beverly Hills, Berkley and surrounding communities on Oakland County and Metro Detroit