I just ran a complete search of home sales in Birmingham MI for the first three quarters of 2008. There were 243 home sales (225 sold, 18 pending sales) between January 1st and September 30th, 2008.
I decided to create a pdf file so that readers could take a look at these sales themselves. Statistics about Birmingham home prices are always skewed by the high number of $1 sales, deeds that are recorded without the actual sales price. So far this year, I counted 48 $1 sales. So basically over 20% of the home sales data is incorrect or hidden.
Unfortunately, this leads to huge distortions in the statistics we receive from our MLS and our board of Realtors. These statistics are most skewed for Birmingham and Bloomfield Hills, where the practice is most common. The numbers are consistently skewed, so we continue to use them as we have nothing better to offer.
This PDF contains clean data about Birmingham MI home sales.
Written by Maureen Francis
SKBK Sotheby's International Realty, 248.430.4450
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{ 5 comments… read them below or add one }
Maureen Francis 10.26.08 at 12:06 pm
wondering if gravatars work
Ron Lawrence 02.10.09 at 5:19 pm
Greetings: Some Information please. Has the house at 730 Vaughan Rd. Bloomfield Hills, sold yet? If it did, do you know the selling price? If not, what is the current asking price?
Thanks for the information…..Ron L.
Maureen Francis 02.10.09 at 5:45 pm
Hi Ron,
Yes, 730 Vaughan is on the market. The asking price is $8,690,000.
Here is a link so you can take a look at it.
http://www.skbk.com/team/fb_propertyRS.php?type=RS&mlsn=28055012
Maureen
Alphonso Burton 02.19.09 at 5:07 pm
I am talking about homes in the state of Alabama
FRANK FISHER-LOVE 06.19.09 at 1:28 am
The house sold at auction on May 29, 2009. The opening bid was 2.5 million, and the house sold for 4.5 million. What a shame! I’ve actually been to the house and seen it, what a prize. I don’t know if the new “owner” is going to live in it, or sit on it for a while til the market changes.