Clarkston/Independence Township
|
year
|
units sold
|
avg sale price
|
median sale price
|
|
2003 |
442 |
$302,380 |
$260,000 |
|
2004 |
443 |
$287,664 |
$250,000 |
|
2005
|
406
|
$304,176
|
$278,000
|
|
2006
|
288
|
$304,135
|
$264,500
|
|
2007
|
326
|
$267,179
|
$228,950
|
|
2008 |
334 |
$218,914 |
$183,000 |
|
2009 |
353 |
$176,611 |
$150,000 |
|
2010 |
418 |
$188,624 |
$162,000 |
Great News! Unit sales were up! Average Sales Price was up! Median Sales Price was up! Unit sales were up 15.6% in 2010 from 2009. Average sales price in 2010 was up 6.4% from 2009 and the median sales price in 2010 was up 7.4% from 2009. Total sales volume in 2010 was up over $16.5 million from 2009 and up over $5.7 million from 2008.
Bank owned sales made up 36% of the total sales in 2010; bank owned sales made up 45% of the total sales in 2009. Though foreclosure sales were down, short sales were up constituting 22.5% of the total sales in 2010 but only 14.7% of the total sales in 2009.
Sales for the first quarter
|
year
|
units sold
|
avg sale price
|
median sale price
|
|
2003 |
70 |
$311,810 |
$264,075 |
|
2004 |
51 |
$281,666 |
$262,000 |
|
2005 |
82 |
$297,254 |
$270,000 |
|
2006
|
61
|
$283,827
|
$239,500
|
|
2007
|
60
|
$289,089
|
$239,750
|
|
2008
|
69
|
$231,379
|
$190,000
|
|
2009 |
50 |
$174,587 |
$165,000 |
|
2010 |
92 |
$170,239 |
$149,500 |
|
2011 |
87 |
$191,633 |
$160,000 |
Sales for the first half
|
year
|
units sold
|
avg sale price
|
median sale price
|
|
2003 |
191 |
$301,955 |
$260,000 |
|
2004 |
215 |
$286,376 |
$261,000 |
|
2005 |
191 |
$305,130 |
$279,000 |
|
2006
|
142
|
$304,120
|
$262,000
|
|
2007
|
161
|
$277,228
|
$230,000
|
|
2008
|
160
|
$228,067
|
$192,250
|
|
2009 |
131 |
$176,613 |
$140,000 |
|
2010 |
212 |
$177,182 |
$154,700 |
|
2011 |
199 |
$199,284 |
$160,000 |
The first half of 2011 shows a bit stronger market than the past couple years. Units are down slightly from 2010 but up significantly from 2009. Both the average and median sales prices are up again. As the distressed homes sell and they become a smaller part of the market, I think we will see prices increase more rapidly.
Sales - monthly breakdown
|
month/year
|
units sold
|
avg sale price
|
median sale price
|
|
January 2007
|
18
|
$321,814
|
$262,500
|
|
January 2008
|
18
|
$209,490
|
$182,000
|
|
January 2009 |
14 |
$160,100 |
$136,000 |
|
January 2010 |
24 |
$193,927 |
$174,500 |
|
January 2011 |
24 |
$154,548 |
$129,950 |
|
February 2007
|
17
|
$303,233
|
$275,000
|
|
February 2008
|
24
|
$247,283
|
$197,000
|
|
February 2009 |
16 |
$170,962 |
$168,750 |
|
February 2010 |
31 |
$193,406 |
$160,000 |
|
February 2011 |
25 |
$222,526 |
$168,000 |
|
March 2007
|
25
|
$255,908
|
$230,000
|
|
March 2008
|
28
|
$231,036
|
$194,500
|
|
March 2009 |
20 |
$187,626 |
$168,500 |
|
March 2010 |
37 |
$135,462 |
$125,000 |
|
March 2011 |
39 |
$192,584 |
$167,500 |
|
April 2007
|
35
|
$313,719
|
$247,000
|
|
April 2008
|
29
|
$221,013
|
$181,000
|
|
April 2009 |
38 |
$173,443 |
$130,750 |
|
April 2010 |
35 |
$142,934 |
$127,000 |
|
April 2011 |
34 |
$199,842 |
$151,000 |
|
May 2007
|
28
|
$225,283
|
$199,950
|
|
May 2008
|
29
|
$235,036
|
$200,000
|
|
May 2009 |
17 |
$172,618 |
$138,000 |
|
May 2010 |
42 |
$191,898 |
$168,500 |
|
May 2011 |
32 |
$190,006 |
$146,000 |
|
June 2007
|
38
|
$263,163
|
$225,000
|
|
June 2008
|
33
|
$221,217
|
$203,000
|
|
June 2009 |
26 |
$187,757 |
$165,000 |
|
June 2010 |
43 |
$205,540 |
$200,000 |
|
June 2011 |
45 |
$222,211 |
$192,321 |
|
July 2007
|
31
|
$299,252
|
$251,450
|
|
July 2008
|
36
|
$227,142
|
$211,750
|
|
July 2009 |
42 |
$178,994 |
$136,500 |
|
July 2010 |
23 |
$167,702 |
$160,000 |
|
July 2011 |
44 |
$229,269 |
$172,500 |
|
August 2007
|
34
|
$278,418
|
$238,750
|
|
August 2008
|
37
|
$222,592
|
$174,900
|
|
August 2009 |
36 |
$185,956 |
$151,500 |
|
August 2010 |
34 |
$225,524 |
$180,000 |
|
August 2011 |
36 |
$167,597 |
$122,250 |
|
September 2007
|
25
|
$227,738
|
$194,500
|
|
September 2008
|
34
|
$190,931
|
$170,000
|
|
September 2009 |
31 |
$190,689 |
$155,000 |
|
September 2010 |
37 |
$279,056 |
$195,000 |
|
September 2011 |
37 |
$175,485 |
$141,000 |
|
October 2007
|
30
|
$233,641
|
$202,750
|
|
October 2008
|
24
|
$270,347
|
$159,950
|
|
October 2009 |
34 |
$172,063 |
$175,000 |
|
October 2010 |
29 |
$191,652 |
$150,000 |
|
October 2011 |
34 |
$175,277 |
$144,831 |
|
November 2007
|
23
|
$222,200
|
$173,000
|
|
November 2008
|
23
|
$155,711
|
$130,000
|
|
November 2009 |
34 |
$158,371 |
$147,500 |
|
November 2010 |
37 |
$174,843 |
$163,000 |
|
December 2007 |
22 |
$268,652 |
$224,750 |
|
December 2008 |
20 |
$182,605 |
$183,650 |
|
December 2009 |
45 |
$175,225 |
$150,000 |
|
December 2010 |
46 |
$160,000 |
$138,550 |
|
through October 2007 |
281 |
$270,745
|
$235,000
|
|
through October 2008
|
291
|
$226,405
|
$186,500
|
|
through October 2009
|
274
|
$179,102
|
$150,000
|
|
through October 2010 |
335 |
$193,942 |
$165,000 |
|
through October 2011 |
350 |
$194,946 |
$158,000 |
For the first 10 months of 2011 unit sales were up 4.3% from the same period in 2010 and up 21.7% from 2009. The average sales price was up, median sales price was down and total volume was up from 2010. Inventory is down. On 11-10-2011 there were 172 active listings in Independence Township/Clarkston. On 11-15-2010 there were 202 active listings and on 11-4-2008 there were 341 active listings. Currently that's about a 5 month inventory opposed to a 10 month inventory 3 years ago. Many of the current listings are crap- basically overpriced, because no matter how bad the condition of a house is it will sell if properly priced. I recently listed a home in Independence Township and had 4 offers within 2 days. It is not uncommon to be in a multiple offer situation and most homes are selling within 60 days after achieving their final asking price.
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