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Market Conditions as of April 2018

Shayne Wheeler

Posted by Shayne Wheeler
May 29, 2018 9:42:48 AM

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*

1/1/2018 - 4/30/2018

  Units Volume Avg. Sale Price Median Sale Price Avg. Diff. SP to LP Avg. DOM Avg. CDOM
All Sold Listings 1,383 $247,452,375 $178,924 $150,000 -$3,828 42 53
Non Co-op Sales 286 $54,410,299 $190,246 $156,100 -$4,589 38 46
Co-op Sales 1,097 $193,042,076 $175,973 $150,000 -$3,630 44 55
               
Area Units Volume Avg. Sale Price Median Sale Price Avg. Diff. SP to LP Avg. DOM Avg. CDOM
K01 - Milwood 35 $3,929,084 $112,260 $109,500 -$1,278 40 43
K02 - Westnedge Hill 18 $2,564,180 $142,454 $147,700 -$2,779 46 52
K03 - Westnedge-Whites Rd 30 $2,827,269 $94,242 $79,750 -$1,366 31 37
K04 - Oakwood-Parkview 16 $2,450,440 $153,152 $116,750 -$5,378 36 36
K05 - Winchell & Hillcrest 13 $2,805,900 $215,838 $187,500 -$5,538 52 52
K06 - WMU/Kcollege/Arcadia 23 $4,130,483 $179,586 $140,000 +$1,063 41 65
K07 - Westwood-NW Kalamazoo 83 $10,334,798 $124,516 $119,000 -$1,247 20 22
K08 - N Side w/in City Limits 22 $1,173,670 $53,349 $43,375 -$2,721 41 68
K09 - Dntown S To Crosstown 24 $3,090,050 $128,752 $89,450 -$3,474 34 37
K10 - Edison/Washington Sq 36 $2,045,110 $56,809 $56,362 -$2,688 41 47
K11 - North To G Ave Parchment N To G Ave 35 $3,504,164 $100,119 $96,500 -$1,139 24 27
K12 - East to Twp Line Eastwood 40 $3,448,412 $86,210 $81,000 -$1,410 33 37
K13 - Comstock & Charleston 88 $16,469,075 $187,149 $178,850 -$3,721 48 65
K15 - Richland & Ross Twp 70 $16,645,108 $237,787 $225,000 -$5,775 59 71
K16 - Pavilion & Climax Tw 18 $3,315,700 $184,206 $149,000 -$5,177 41 41
K19 - North Portage 136 $25,124,196 $184,737 $165,350 -$1,524 26 31
K20 - South Portage 96 $19,119,141 $199,158 $185,750 -$2,510 40 49
K21 - Schoolcraft & Prairie Ronde Twp 65 $13,190,610 $202,932 $183,900 -$7,613 42 65
K22 - Oshtemo Twp 64 $14,868,342 $232,318 $223,750 -$5,160 55 71
K23 - Alamo & Cooper Twp 38 $6,487,995 $170,737 $164,575 -$4,269 38 38
K24 - Gull Lake 5 $4,291,000 $858,200 $410,000 -$13,800 23 96
K25 - Texas Township 80 $27,852,683 $348,159 $321,000 -$9,848 61 94
K27 - Wakeshma Twp 5 $615,150 $123,030 $129,900 -$12,903 43 43
K29 - Brady Twp 14 $2,490,000 $177,857 $142,400 -$4,935 61 73
K30 - Orangeville Twp 13 $1,964,565 $151,120 $143,900 -$4,372 23 37
K31 - Hope Twp 14 $2,084,642 $148,903 $117,000 -$2,890 28 45
K32 - Baltimore & Johnstown 13 $2,186,800 $168,215 $138,000 -$2,500 72 86
K33 - Prairievile Twp 7 $3,319,955 $474,279 $325,605 -$36,763 114 129
K34 - Barry Twp 7 $1,255,400 $179,343 $173,000 -$8,429 87 87
K53 - Trowbridge Twp 7 $1,206,500 $172,357 $135,000 -$314 12 39
K54 - Otsego Twp 47 $6,816,200 $145,026 $140,900 -$1,257 36 43
K55 - Gun Plain Twp 25 $4,494,220 $179,769 $175,000 -$5,723 64 69
K56 - Lake Doster 7 $1,945,269 $277,896 $245,000 -$4,904 16 16
K59 - Allegan Twp 34 $4,739,417 $139,395 $140,000 -$2,146 60 65
K60 - Watson Twp  10 $1,346,250 $134,625 $137,500 -$2,275 35 35
K61 - Martin Township 9 $1,418,000 $157,556 $170,000 -$1,389 38 38
K80 - Bloomingdale & Pine Grove 23 $2,980,480 $129,586 $105,000 -$7,150 73 73
K81 - Waverly & Almena Twp 20 $3,720,100 $186,005 $168,000 -$5,425 40 42
K85 - Paw Paw Twp Except V 15 $3,257,790 $217,186 $233,000 -$11,927 63 108
K86 - Antwerp Twp 48 $8,172,777 $170,266 $181,750 +$56 42 42
K87 - Porter Twp 8 $1,658,400 207,300 $228,500 -$8,800 58 73
K88 - Village of Paw Paw 13 $1,397,950 $107,535 $116,000 -$127 26 40
K89 - Decatur Twp 9 $715,100 $79,456 $80,000 -$2,222 50 69

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

               

 

 

 

 

 

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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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