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Market Conditions as of December 2017

Shayne Wheeler

Posted by Shayne Wheeler
Jan 19, 2018 1:57:37 PM

Staying up-to-date on local market trends gives REALTORS® an edge when determining the value of a home. Whether acting as a buyer's or seller's agent, having concrete data to support the decision-making process is key- from setting a price to negotiating a sale.

Greater Kalamazoo Sales Statistics by Sub-Area*

1/1/2017 - 12/31/2017

  Units Volume Avg. Sale Price Median Sale Price Avg. Diff. SP to LP Avg. DOM Avg. CDOM
All Sold Listings 5,510 $1,010,171,815 $183,334 $155,000 -$
4,185
37 46
Non Co-op Sales 1,123 $228,911,972 $203,840 $163,500 -$
5,415
33 42
Co-op Sales 4,387 $781,259,843 $178,085 $154,000 -$
3,870
38 47
               
Area Units Volume Avg. Sale Price Median Sale Price Avg. Diff. SP to LP Avg. DOM Avg. CDOM
K01 - Milwood 177 $20,808,408 $117,562 $120,750 -$538 21 29
K02 - Westnedge Hill 105 $18,587,248 $177,021 $142,000 -$6,257 32 38
K03 - Westnedge-Whites Rd 115 $14,799,673 $128,693 $97,000 -$3,174 23 30
K04 - Oakwood-Parkview 107 $13,720,121 $128,225 $115,000 -$2,159 26 31
K05 - Winchell & Hillcrest 88 $19,490,218 $221,480 $205,500 -$5,005 38 47
K06 - WMU/Kcollege/Arcadia 75 $13,292,352 $177,231 $155,000 -$3,605 42 62
K07 - Westwood-NW Kalamazoo 294 $39,979,148 $135,983 $135,000 -$1,396 23 28
K08 - N Side w/in City Limits 60 $3,290,064 $54,834 $34,000 -$2,600 45 51
K09 - Dntown S To Crosstown 58 $4,969,203 $85,676 $76,755 -$3,249 37 46
K10 - Edison/Washington Sq 117 $6,183,245 $52,848 $52,000 -$2,272 43 52
K11 - North To G Ave Parchment N To G Ave 126 $13,389,284 $106,264 $105,000 +$123 28 33
K12 - East to Twp Line Eastwood 147 $11,525,556 $78,405 $78,500 -$349 27 34
K13 - Comstock & Charleston 286 $49,195,529 $172,012 $165,000 -$3,361 42 49
K15 - Richland & Ross Twp 231 $58,068,436 $251,379 $205,000 -$6,531 53 66
K16 - Pavilion & Climax Tw 119 $23,023,482 $193,475 $175,000 -$4,957 37 47
K19 - North Portage 569 $106,806,677 $187,709 $160,500 -$2,801 26 32
K20 - South Portage 336 $76,439,687 $227,499 $191,000 -$3,058 36 41
K21 - Schoolcraft & Prairie Ronde Twp 253 $48,255,173 $190,732 $178,000 -$3,439 40 49
K22 - Oshtemo Twp 292 $63,435,059 $217,243 $197,500 -$4,710 37 51
K23 - Alamo & Cooper Twp 167 $27,986,403 $167,583 $154,500 -$3,458 35 39
K24 - Gull Lake 26 $22,826,345 $877,936 $769,000 -$76,344 74 100
K25 - Texas Township 347 $119,465,673 $344,281 $300,000 -$8,713 44 59
K27 - Wakeshma Twp 16 $1,801,970 $112,623 $117,500 -$2,846 48 69
K29 - Brady Twp 53 $10,146,070 $191,435 $158,500 -$5,939 28 39
K30 - Orangeville Twp 50 $11,008,141 $220,163 $175,000 -$7,536 63 95
K31 - Hope Twp 67 $12,732,826 $190,042 $135,000 -$9,751 44 49
K32 - Baltimore & Johnstown 45 $6,990,727 $155,349 $134,900 -$3,431 68 74
K33 - Prairievile Twp 45 $11,179,739 $248,439 $202,900 -$8,454 55 63
K34 - Barry Twp 58 $9,547,295 $164,609 $158,950 -$4,549 36 48
K53 - Trowbridge Twp 39 $6,607,915 $169,434 $175,000 -$7,720 62 65
K54 - Otsego Twp 153 $20,104,597 $131,403 $130,000 -$2,573 31 36
K55 - Gun Plain Twp 126 $18,939,472 $150,313 $139,900 -$2,352 32 39
K56 - Lake Doster 20 $5,713,300 $285,665 $236,500 -$4,615 44 56
K59 - Allegan Twp 142 $17,680,374 $124,510 $115,000 -$5,335 38 50
K60 - Watson Twp  20 $3,542,501 $177,125 $169,000 -$2,823 55 61
K61 - Martin Township 21 $2,953,950 $140,664 $140,000 -$7,664 59 59
K80 - Bloomingdale & Pine Grove 74 $9,716,050 $131,298 $116,500 -$4,534 57 72
K81 - Waverly & Almena Twp 122 $24,653,859 $202,081 $185,750 -$2,185 37 47
K85 - Paw Paw Twp Except V 43 $6,914,747 $160,808 $135,000 -$5,234 48 69
K86 - Antwerp Twp 204 $37,193,861 $182,323 $183,250 -$2,822 31 40
K87 - Porter Twp 35 $8,120,591 $232,017 $222,491 -$10,237 79 108
K88 - Village of Paw Paw 43 $4,594,445 $106,848 $109,000 -$3,568 41 56
K89 - Decatur Twp 39 $4,492,400 $115,190 $94,900 -$6,856 66 112

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

               

 

 

 

 

 

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*All information deemed materially reliable but not guaranteed. Interested parties are encouraged to verify all information. Copyright 2017 MichRIC, LLC All rights reserved. 

Shayne Wheeler

Shayne Wheeler

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