Bloomfield Hills Market Statistics - September 2005

by Maureen Francis on October 3, 2005

in Bloomfield Hills MI Real Estate, Market Updates

There are currently 618 homes on the market in the City of Bloomfield Hills and surrounding Bloomfield Township.
For the 618 listings:
Avg List Price $1,083,832.00
The Median Price $699,450.00
The Highest Price $14,750,000.00
The Lowest Price $119,900.00
The Average Market Time 114

60 homes are under contract as of 10/03/05
For the 60 listings:
Avg List Price $788,470.00
The Median Price $542,900.00
The Highest Price $3,100,000.00
The Lowest Price $230,000.00
The Average Market Time 93

Since January 2, 2005, 330 homes have sold in Bloomfield Hills and Bloomfield Township.For the 330 listings:
Avg List Price $329,930.00
The Median Price $304,000.00
The Highest Price $2,400,000.00
The Lowest Price $1.00
The Average Market Time 73

Sales prices recorded as $1.00 (to mask the actual price in public records) artificially lower the statistics for homes that have sold. Market time is also artificially lowered in these statistics because homes are often re-listed as new after a price change, erasing the previous listing period from these statistics.

Data supplied by Realcomp II.

Search the MLS for homes on www.Oakland-County-Homes.com

For more accurate data regarding your home or neighborhood, please contact Dmitry & Maureen.

________________________________________________________
Written by Maureen Francis
SKBK Sotheby's International Realty, 248.430.4450
Visit Website
Search for homes in Oakland County

________________________________________________________

{ 0 comments… add one now }

Leave a Comment

You can use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>

Older post: Troy, MI Real Estate Market Statistics, September 2005

Newer post: Protect Your Investment by Voting