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Market Conditions as of May 2017

Shayne Wheeler

Posted by Shayne Wheeler
Jun 16, 2017 3:35:14 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 - 5/31/2017

  Units Volume Avg. Sale Price Median Sale Price Avg. Diff. SP to LP Avg. DOM Avg. CDOM
All Sold Listings 1,901 $325,643,203 $171,301 $148,000 -$
3,524
44 58
Non Co-op Sales 389 $73,716,260 $189,502 $156,500 -$
4,147
39 52
Co-op Sales 1,512 $251,926,943 $166,618 $145,000 -$
3,364
51 59
               
Area Units Volume Avg. Sale Price Median Sale Price Avg. Diff. SP to LP Avg. DOM Avg. CDOM
K01 - Milwood 58 $6,132,443 $105,732 $104,550 -$
1,276
34 53
K02 - Westnedge Hill 32 $4,541,034 $141,907 $138,250 -$
5,590
46 57
K03 - Westnedge-Whites Rd 41 $5,265,717 $128,432 $90,000 -$
5,121
36 42
K04 - Oakwood-Parkview 38 $5,325,523 $140,145 $116,500 - $3,799 44 54
K05 - Winchell & Hillcrest 25 $5,344,025 $213,761 $172,800 -$
5,547
73 87
K06 - WMU/Kcollege/Arcadia 21 $3,714,591 $176,885 $135,500 -$
1,600
40 96
K07 - Westwood-NW Kalamazoo 108 $13,831,738 $128,072 $127,112 -$
1,401
33 43
K08 - N Side w/in City Limits 20 $739,660 $36,983 $27,000 -$
2,574
77 77
K09 - Dntown S To Crosstown 19 $1,671,790 $87,989 $78,000 -$
2,817
57 66
K10 - Edison/Washington Sq 45 $2,282,160 $50,715 $44,900 -$
2,006
27 39
K11 - North To G Ave Parchment N To G Ave 43 $4,759,663 $110,690 $109,999 -$
1,113
43 58
K12 - East to Twp Line Eastwood 56 $4,126,588 $73,689 $76,450 + $750 32 42
K13 - Comstock & Charleston 96 $15,183,094 $158,157 $160,950 - $2,828 38 50
K15 - Richland & Ross Twp 76 $18,221,364 $239,755 $191,000 -$
7,133
60 77
K16 - Pavilion & Climax Tw 35 $5,875,294 $167,866 $149,900 $2,317 49 49
K19 - North Portage 212 $38,429,516 $181,271 $160,500 -$
2,656
37 46
K20 - South Portage 109 $24,279,747 $222,750 $184,900 -$
4,525
43 45
K21 - Schoolcraft & Prairie Ronde Twp 88 $15,628,855 $177,601 $169,950 - $1,802 47 59
K22 - Oshtemo Twp 106 $22,772,308 $214,833 $191,300 -$
5,761
51 75
K23 - Alamo & Cooper Twp 56 $9,181,400 $163,954 $139,500 -$
2,851
47 55
K24 - Gull Lake 6 $3,930,345 $655,058 $682,500 -$
46,176
68 83
K25 - Texas Township 117 $40,238,455 $343,918 $315,000 -$
6,006
43 61
K27 - Wakeshma Twp 3 $300,170 $100,057 $93,500 $4,543 80 80
K29 - Brady Twp 20 $3,286,000 $164,300 $138,750 -$
5,610
21 31
K30 - Orangeville Twp 24 $3,835,846 $159,827 $171,250 -$
3,472
62 106
K31 - Hope Twp 25 $4,372,303 $174,892 $122,000 -$
12,106
52 55
K32 - Baltimore & Johnstown 15 $2,434,178 $162,279 $147,000 -$
2,581
90 101
K33 - Prairievile Twp 13 $3,046,800 $234,369 $237,000 -$
9,508
67 79
K34 - Barry Twp 13 $2,497,600 $192,123 $169,900 -$4,373 40 51
K53 - Trowbridge Twp 16 $2,569,000 $160,562 $155,000 -$
9,906
76 76
K54 - Otsego Twp 62 $7,219,379 $116,442 $108,750 -$
2,476
41 50
K55 - Gun Plain Twp 51 $6,667,884 $130,743 $128,900 -$
3,056
32 39
K56 - Lake Doster 7 $1,599,400 $228,486 $210,000 -$
5,729
72 98
K59 - Allegan Twp 48 $5,426,449 $113,051 $112,034 -$
4,543
44 57
K60 - Watson Twp  7 $1,207,500 $172,500 $167,500 -$3,557 59 74
K61 - Martin Township 8 $1,095,500 $136,938 $135,000 -$
3,938
53 53
K80 - Bloomingdale & Pine Grove 24 $3,107,800 $129,492 $107,500 -$
4,451
46 75
K81 - Waverly & Almena Twp 46 $8,508,519 $184,968 $170,450 -$898 50 59
K85 - Paw Paw Twp Except V 13 $1,520,277 $116,944 $125,000 +$1,852 35 35
K86 - Antwerp Twp 67 $11,720,169 $174,928 $170,200 - $1,535 44 55
K87 - Porter Twp 8 $1,765,700 $220,712 $221,950 +$
3,400
59 59
K88 - Village of Paw Paw 12 $1,042,319 $86,860 $84,500 -$3,176 53 98
K89 - Decatur Twp 12 $945,100 $78,758 $74,950 -$
4,342
94 171

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

               

 

 

 

 

  

 

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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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