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Market Conditions as of August 2018

Shayne Wheeler

Posted by Shayne Wheeler
Sep 17, 2018 1:22:50 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*

1/1/2018 - 8/31/2018

  Units Volume Avg. Sale Price Median Sale Price Avg. Diff. SP to LP Avg. DOM Avg. CDOM
All Sold Listings 3,581 $704,377,790 $196,699 $165,500 -$3,190 32 42
Non Co-op Sales 753 $165,016,974 $219,146 $184,000 -$4,061 29 37
Co-op Sales 2,828 $539,360,816 $190,722 $164,000 -$2,958 33 43
               
Area Units Volume Avg. Sale Price Median Sale Price Avg. Diff. SP to LP Avg. DOM Avg. CDOM
K01 - Milwood 100 $12,047,899 $120,479 $126,000 + $680 19 24
K02 - Westnedge Hill 58 $9,431,054 $162,604 $147,700 - $2,249 25 40
K03 - Westnedge-Whites Rd 74 $8,026,234 $108,463 $87,750 - $106 21 24
K04 - Oakwood-Parkview 42 $5,643,389 $134,366 $113,500 - $1,990 26 31
K05 - Winchell & Hillcrest 41 $9,127,204 $222,615 $199,000 - $4,408 35 35
K06 - WMU/Kcollege/Arcadia 52 $11,193,657 $215,263 $180,950 + $172 39 50
K07 - Westwood-NW Kalamazoo 177 $24,067,193 $135,973 $136,000 - $1,834 17 20
K08 - N Side w/in City Limits 48 $3,255,670 $67,826 $53,000 - $401 44 64
K09 - Dntown S To Crosstown 52 $7,444,283 $143,159 $92,750 - $3,815 28 30
K10 - Edison/Washington Sq 76 $4,431,867 $58,314 $57,500 - $1,913 34 38
K11 - North To G Ave Parchment N To G Ave 80 $8,405,514 $105,069 $108,200 + $798 15 18
K12 - East to Twp Line Eastwood 89 $8,034,343 $90,274 $86,000 - $473 25 28
K13 - Comstock & Charleston 217 $40,439,241 $186,356 $175,000 - $2,295 34 42
K15 - Richland & Ross Twp 160 $39,603,450 $247,522 $227,950 - $4,311 46 52
K16 - Pavilion & Climax Tw 55 $10,762,618 $195,684 $184,000 - $5,310 29 31
K19 - North Portage 371 $76,097,758 $205,115 $174,000 - $1,462 20 23
K20 - South Portage 220 $49,425,776 $224,663 $199,500 -$2,448 30 46
K21 - Schoolcraft & Prairie Ronde Twp 166 $35,425,293 $213,405 $200,950 - $4,326 35 47
K22 - Oshtemo Twp 199 $52,038,602 $261,501 $238,000 - $2,694 31 41
K23 - Alamo & Cooper Twp 97 $17,126,269 $176,559 $170,000 - $3,524 29 32
K24 - Gull Lake 20 $19,421,200 $971,060 $710,000 - $65,571 68 149
K25 - Texas Township 218 $77,134,497 $353,828 $334,450 - $6,722 41 61
K27 - Wakeshma Twp 10 $1,411,650 $141,165 $135,000 -$6,071 28 28
K29 - Brady Twp 43 $10,752,300 $250,053 $210,000 - $4,907 35 42
K30 - Orangeville Twp 32 $6,171,065 $192,846 $181,000 - $4,767 24 30
K31 - Hope Twp 38 $6,103,483 $160,618 $160,000 - $2,446 70 126
K32 - Baltimore & Johnstown 31 $5,215,550 $168,244 $155,000 - $4,573 64 70
K33 - Prairievile Twp 29 $9,779,870 $337,237 $296,900 - $18,001 63 74
K34 - Barry Twp 23 $4,000,249 $173,924 $173,000 - $5,248 39 39
K53 - Trowbridge Twp 26 $4,773,978 $183,615 $148,500 - $3,597 38 90
K54 - Otsego Twp 111 $16,464,300 $148,327 $140,000 - $698 22 30
K55 - Gun Plain Twp 79 $13,369,161 $169,230 $160,000 - $3,470 30 34
K56 - Lake Doster 16 $4,175,809 $260,988 $242,500 - $6,574 32 60
K59 - Allegan Twp 95 $13,746,567 $144,701 $138,000 - $1,903 48 53
K60 - Watson Twp  16 $2,285,750 $142,859 $149,175 - $1,378 27 39
K61 - Martin Township 19 $3,345,349 $176,071 $170,000 - $987 31 32
K80 - Bloomingdale & Pine Grove 61 $8,945,653 $146,650 $129,000 - $4,275 45 54
K81 - Waverly & Almena Twp 59 $12,462,229 $215,069 $211,224 - $759 30 37
K85 - Paw Paw Twp Except V 37 $7,582,040 $204,920 $155,000 - $9,307 63 90
K86 - Antwerp Twp 134 $25,726,123 $191,986 $199,950 - $908 29 32
K87 - Porter Twp 25 $4,659,800 $186,392 $192,300 - $9,452 73 98
K88 - Village of Paw Paw 34 $3,880,500 $114,132 $115,500 - $1,086 36 59
K89 - Decatur Twp 22 $2,891,810 $131,446 $107,200 - $4,095 54 68



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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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