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Market Conditions as of January 2018

Shayne Wheeler

Posted by Shayne Wheeler
Feb 16, 2018 1:42:49 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 - 1/31/2018

  Units Volume Avg. Sale Price Median Sale Price Avg. Diff. SP to LP Avg. DOM Avg. CDOM
All Sold Listings 291 $53,522,251 $183,925 $159,650 -$
5,297
48 57
Non Co-op Sales 56 $9,561,450 $170,740 $147,750 -$
5,599
51 62
Co-op Sales 235 $43,960,801 $187,067 $164,900 -$
5,225
47 56
               
Area Units Volume Avg. Sale Price Median Sale Price Avg. Diff. SP to LP Avg. DOM Avg. CDOM
K01 - Milwood 3 $371,900 $123,967 $157,000 +$2,400 15 15
K02 - Westnedge Hill 3 $259,000 $86,333 $95,000 -$5,433 49 49
K03 - Westnedge-Whites Rd 7 $782,300 $111,757 $79,500 -$1,900 31 31
K04 - Oakwood-Parkview 3 $547,900 $182,633 $215,000 -$300 26 26
K05 - Winchell & Hillcrest 0 $0 $0 $0 -$0 NA NA
K06 - WMU/Kcollege/Arcadia 3 $631,000 $210,333 $177,000 -$2,333 41 41
K07 - Westwood-NW Kalamazoo 2,333 $2,521,410 $132,706 $127,500 -$108 24 24
K08 - N Side w/in City Limits 2 $99,600 $49,800 $49,800 -$2,200 10 132
K09 - Dntown S To Crosstown 6 $1,088,300 $181,383 $100,700 -$9,417 20 34
K10 - Edison/Washington Sq 10 $458,675 $45,868 $48,250 -$2,712 27 27
K11 - North To G Ave Parchment N To G Ave 11 $1,009,000 $91,727 $89,900 -$2,265 40 40
K12 - East to Twp Line Eastwood 11 $1,004,970 $91,361 $85,000 -$2,266 39 39
K13 - Comstock & Charleston 18 $4,007,150 $222,619 $208,125 -$5,621 55 65
K15 - Richland & Ross Twp 19 $4,764,900 $250,784 $230,000 -$4,274 65 68
K16 - Pavilion & Climax Tw 5 $721,900 $144,380 $141,500 -$40 37 37
K19 - North Portage 28 $5,511,882 $196,853 $171,250 -$1,577 27 33
K20 - South Portage 20 $4,397,650 $219,882 $220,500 -$5,598 43 54
K21 - Schoolcraft & Prairie Ronde Twp 16 $3,931,035 $245,690 $211,150 -$24,000 40 69
K22 - Oshtemo Twp 11 $2,506,974 $227,907 $223,500 -$7,905 79 95
K23 - Alamo & Cooper Twp 6 $997,517 $166,253 $140,000 3,420 46 46
K24 - Gull Lake 1 $165,000 $165,000 $165,000 -$10,000 76 76
K25 - Texas Township 12 $4,881,945 $406,829 $341,472 -$19,350 61 104
K27 - Wakeshma Twp 0 $0 $0 $0 -$0 NA NA
K29 - Brady Twp 4 $742,900 $185,725 $201,500 -$6,725 17 50
K30 - Orangeville Twp 3 $370,500 $123,500 $129,000 -$6,800 48 74
K31 - Hope Twp 3 $536,800 $178,933 $199,800 -$18,400 56 56
K32 - Baltimore & Johnstown 3 $515,400 $171,800 $178,000 -$9,167 50 50
K33 - Prairievile Twp 1 $325,605 $325,605 $325,605 -$605 117 225
K34 - Barry Twp 2 $428,000 $214,000 $214,000 -$13,400 160 160
K53 - Trowbridge Twp 1 $290,000 $290,000 $290,000 +$10,100 50 50
K54 - Otsego Twp 7 $798,500 $114,071 $106,000 -$6,757 30 30
K55 - Gun Plain Twp 6 $1,265,500 $210,917 $177,500 -$10,783 123 123
K56 - Lake Doster 2 $495,000 $247,500 $247,500 -$7,500 5 5
K59 - Allegan Twp 7 $1,105,900 $157,986 $142,000 -$5,127 86 108
K60 - Watson Twp  2 $297,500 $148,750 $148,750 +$4,050 3 3
K61 - Martin Township 3 $354,000 $118,000 $109,000 -$5,933 79 79
K80 - Bloomingdale & Pine Grove 6 $1,143,000 $190,500 $204,000 -$11,338 100 100
K81 - Waverly & Almena Twp 4 $699,900 $174,975 $180,000 -$6,225 22 22
K85 - Paw Paw Twp Except V 3 $241,400 $80,467 $63,500 -$7,100 48 131
K86 - Antwerp Twp 15 $2,633,838 $175,589 $195,350 +$3,303 58 58
K87 - Porter Twp 1 $213,500 $213,500 $213,500 -$36,500 233 233
K88 - Village of Paw Paw 2 $238,000 $119,000 $119,000 -$5,900 8 8
K89 - Decatur Twp 2 $167,000 $83,500 $83,500 -$1,450 60 92

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

               

 

 

 

 

 

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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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