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Market Conditions as of July 2018

Shayne Wheeler

Posted by Shayne Wheeler
Aug 21, 2018 11:24:54 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 - 7/31/2018

  Units Volume Avg. Sale Price Median Sale Price Avg. Diff. SP to LP Avg. DOM Avg. CDOM
All Sold Listings 3,039 $591,177,304 $194,530 $165,000 -$2,986 34 44
Non Co-op Sales 649 $138,856,130 $213,954 $180,000 -$3,310 30 36
Co-op Sales 2,390 $452,321,174 $189,256 $162,000 -$2,898 35 46
               
Area Units Volume Avg. Sale Price Median Sale Price Avg. Diff. SP to LP Avg. DOM Avg. CDOM
K01 - Milwood 83 $9,963,899 $120,047 $125,000 +$641 21 28
K02 - Westnedge Hill 49 $7,758,625 $158,339 $142,144 -$2,812 28 44
K03 - Westnedge-Whites Rd 64 $6,612,934 $103,327 $84,000 +$6 23 26
K04 - Oakwood-Parkview 33 $4,302,039 $130,365 $110,000 -$2,019 31 34
K05 - Winchell & Hillcrest 39 $8,594,704 $220,377 $194,500 -$4,545 36 36
K06 - WMU/Kcollege/Arcadia 42 $9,539,318 $227,127 $187,450 +$19 45 58
K07 - Westwood-NW Kalamazoo 158 $21,425,273 $135,603 $132,585 -$681 18 22
K08 - N Side w/in City Limits 38 $2,455,770 $64,626 $48,375 -$1,136 49 75
K09 - Dntown S To Crosstown 47 $6,843,283 $145,602 $92,500 -$3,754 30 32
K10 - Edison/Washington Sq 64 $3,641,167 $56,893 $56,250 -$2,205 37 41
K11 - North To G Ave Parchment N To G Ave 71 $7,287,957 $102,647 $104,000 -$77 17 20
K12 - East to Twp Line Eastwood 74 $6,664,303 $90,058 86,550 -$992 28 30
K13 - Comstock & Charleston 185 $34,430,469 $186,111 $175,000 -$2,179 35 45
K15 - Richland & Ross Twp 140 $34,722,150 $248,015 $233,500 -$4,924 50 57
K16 - Pavilion & Climax Tw 44 $8,357,218 $189,937 $182,250 -$2,595 29 31
K19 - North Portage 321 $65,795,958 $204,972 $173,000 -$1,158 20 24
K20 - South Portage 220 $49,425,776 $224,663 $199,500 -$2,448 30 46
K21 - Schoolcraft & Prairie Ronde Twp 137 $28,671,365 $209,280 $189,900 -$4,797 39 50
K22 - Oshtemo Twp 167 $43,183,782 $258,586 $234,500 -$2,827 32 41
K23 - Alamo & Cooper Twp 84 $14,651,719 $174,425 $167,750 -$3,277 29 33
K24 - Gull Lake 18 $16,382,200 $910,122 $710,000 -$48,084 57 102
K25 - Texas Township 183 $64,389,870 $351,857 $334,900 -$7,344 43 65
K27 - Wakeshma Twp 10 $1,411,650 $141,165 $135,000 -$6,071 28 28
K29 - Brady Twp 33 $7,796,700 $236,264 $183,500 -$4,697 41 45
K30 - Orangeville Twp 23 $4,219,915 $183,475 $175,000 -$4,447 26 34
K31 - Hope Twp 32 $5,064,083 $158,253 $136,700 -$2,738 79 145
K32 - Baltimore & Johnstown 29 $4,830,550 $166,571 $155,000 -$4,405 65 71
K33 - Prairievile Twp 21 $6,525,970 $310,760 $230,000 -$17,497 60 73
K34 - Barry Twp 19 $3,168,249 $166,750 $173,000 -$5,526 45 45
K53 - Trowbridge Twp 19 $3,489,678 $183,667 $152,500 -$2,906 22 51
K54 - Otsego Twp 98 $14,356,300 $146,493 $140,000 -$589 24 33
K55 - Gun Plain Twp 66 $11,392,761 $172,618 $160,000 -$3,237 32 37
K56 - Lake Doster 14 $3,685,809 $263,272 $241,500 -$6,092 31 48
K59 - Allegan Twp 76 $10,365,467 $136,388 $135,000 -$1,837 55 62
K60 - Watson Twp  15 $2,135,750 $142,383 $148,350 -$1,470 27 40
K61 - Martin Township 14 $2,633,900 $188,136 $171,200 -$2,957 29 29
K80 - Bloomingdale & Pine Grove 50 $7,223,481 $144,470 $117,800 -$4,741 49 56
K81 - Waverly & Almena Twp 50 $10,753,429 $215,069 $182,750 +$360 31 38
K85 - Paw Paw Twp Except V 30 $6,541,140 $218,038 $182,500 -$10,105 71 105
K86 - Antwerp Twp 109 $20,665,843 $189,595 $200,000 -$751 32 36
K87 - Porter Twp 20 $3,704,900 $185,245 $191,600 -$7,325 70 101
K88 - Village of Paw Paw 32 $3,685,450 $115,170 $115,500 -$868 37 61
K89 - Decatur Twp 18 $2,426,500 $134,806 $97,500 -$4,483 64 82



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*All information deemed materially reliable but not guaranteed. Interested parties are encouraged to verify all information. Copyright 2018 MichRIC, LLC All rights reserved. 

Shayne Wheeler

Shayne Wheeler

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