Msagpro, Other/Just Looking in Birmingham, MI

What is the average sale price of a bank-owned home in Birmingham?

Asked by Msagpro, Birmingham, MI Fri May 11, 2012

Price/square foot would be helpful, too. Thanks!

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Answers

4
Hi Msagpro

Since the beginning of the year 22 bank owned houses have sold in Birmingham.
Average sale price is $266,549
Median Sale price is $151,100
Highest priced house $950,000 and lowest price of $72,000.
Prices vary greatly due to house features, condition and location.
Average price and square footage should not be used in determing the value of a house.
Valid comparables should be used when analizing the estimated value of a property.

Sincerely,

Mike Warren
Keller Williams Realty
734-634-5868
mikewarren@kw.com
1 vote Thank Flag Link Fri May 11, 2012
Msagpro,
My office is in Birmingham. Bank owned homes like any other area vary. However because Birmingham, Bloomfield, West Bloomfield have such a diversity in price range, you may find a home from 100,000 to 2,000,000. If you wish a list of bank owned properties, I can forward them to you and put you into a prospect list. This list will notify you immediately when a home matching your criteria becomes available. Thank You, Best Regards, Steve 248 819 6464
0 votes Thank Flag Link Fri May 11, 2012
Hello Msagpro,

The average price in Birmingham for bank owned depends on how much work are you willing to do on the property, and what what catagory of homes you are looking at (luxury vs. standard) , and what part of the city are you looking in.

To determine for your self, I would recommend visiting http://www.MyHomeComps.com where you will get a good snapshot of the market in the area you are looking in.

Please eel free to contact me with any further questions.

Regards,

Nash Khraishi
Real Estate Consultant
http://www.RealtorNASH.com
(248) 247-5000 Direct
(248) 250-1192 Cell
0 votes Thank Flag Link Fri May 11, 2012
The average price in the last 6 months is just below $400K @ $144/sq ft but it is a large range with the low being $73K and the high just over $1M. Feel free to call me if you'd like me to email you a more detailed report.

Grant Berakovich
Max Broock Realtors-Birmingham
(248) 840.7510
grantberakovich@gmail.com
0 votes Thank Flag Link Fri May 11, 2012
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