Market Analysis & Statistics For Birmingham MI January 2011
January 2011 median sale prices decreased 01% from December 2010 & a 43% decrease # of homes sold. Private owned homes median price increased 27% in January 2011 from December 2010 and # of homes sold decreased 50%. Bank owned homes median price increased 09% in January 2011 from December 2010. January 2011 median sale price decreased 25% from January 2010. Yr ending January 2011 median sale price compared to yr ending January 20010 decreased 10%. Statistics rounded to nearest % -compiled from RealComp II data believed to be reliable.
Active & Solds January 2011
|225 listings:||23 Sold listings:|
|Average List Price||$635,655||Average Sold Price||$350,501|
|Median List Price||$425,000||Median Sold Price||$241,000|
|Highest List Price||$6,900,000||Highest Sold Price||$846,500|
|Lowest List Price||$68,900||Lowest Sold Price||$103,000|
|Avg. DOM||205||Avg. DOM||93|
|Private Owned||207 listings||Private Owned||16 Sold|
|Median List Price||$497,500||Median Sold Price||$407,500|
|Bank Owned||18 listings||Bank Owned||7 Sold|
|Median List Price||$127,400||Median Sold Price||$125,000|
Active & Solds December 2010
|239 listings:||40 Sold listings:|
|Median List Price||$425,000||Median Sold Price||$243,500|
|Private Owned||223 listings||Private Owned||32 Sold|
|Median List Price||$449,000||Median Sold Price||$297,500|
|Bank Owned||16 listings||Bank Owned||8 Sold|
|Median List Price||$118,400||Median Sold Price||$114,200|
Active & Solds January 2010
|221 listings:||19 Sold listings:|
|Median List Price||$425,000||Median Sold Price||$320,000|
February 1, 2009 – January 31, 2010
|567 listings:||365 Sold listings:|
|Median List Price||$349,000||Median Sold Price||$275,000|
February 1, 2010– January 31, 2011
|600 listings:||398 Sold listings:|
|Median List Price||$320,000||Median Sold Price||$247,500|
Birmingham Market Analysis 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 exclude leases in data, minimum sale price used was $15,000.
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