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Market Conditions as of February 2018

Shayne Wheeler

Posted by Shayne Wheeler
Mar 15, 2018 11:21:46 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 - 2/28/2018

  Units Volume Avg. Sale Price Median Sale Price Avg. Diff. SP to LP Avg. DOM Avg. CDOM
All Sold Listings 575 $102,354,590 $178,008 $153,500 -$
4,780
46 58
Non Co-op Sales 113 $20,027,023 $177,230 $151,000 -$
4,273
46 57
Co-op Sales 462 $82,327,567 $178,198 $153,750 -$
4,904
46 58
               
Area Units Volume Avg. Sale Price Median Sale Price Avg. Diff. SP to LP Avg. DOM Avg. CDOM
K01 - Milwood 11 $1,223,200 $111,200 $114,900 -$3,009 28 38
K02 - Westnedge Hill 7 $733,500 $104,786 $97,000 -$3,071 44 44
K03 - Westnedge-Whites Rd 15 $1,708,100 $113,873 $91,000 -$2,300 31 33
K04 - Oakwood-Parkview 4 $606,900 $151,725 $145,000 -$1,700 43 43
K05 - Winchell & Hillcrest 5 $966,800 $193,360 $178,000 -$2,400 74 74
K06 - WMU/Kcollege/Arcadia 8 $1,086,975 $135,872 $133,788 -$1,866 34 34
K07 - Westwood-NW Kalamazoo 33 $4,239,768 $128,478 $127,500 -$1,082 26 30
K08 - N Side w/in City Limits 9 $477,020 $53,002 $46,750 -$3,298 27 68
K09 - Dntown S To Crosstown 8 $1,265,825 $158,228 $92,700 -$8,309 29 40
K10 - Edison/Washington Sq 23 $1,058,310 $46,013 $35,000 -$1,681 27 31
K11 - North To G Ave Parchment N To G Ave 14 $1,259,100 $89,936 $92,400 -$538 34 34
K12 - East to Twp Line Eastwood 16 $1,358,970 $84,936 $81,585 -$3,724 47 52
K13 - Comstock & Charleston 36 $7,055,560 $195,988 $182,500 -$6,180 51 78
K15 - Richland & Ross Twp 34 $8,203,376 $241,276 $217,176 -$4,327 72 87
K16 - Pavilion & Climax Tw 9 $1,610,700 $178,967 $141,500 -$4,356 30 30
K19 - North Portage 59 $10,824,896 $183,473 $159,650 -$2,254 30 39
K20 - South Portage 41 $8,609,085 $209,978 $185,500 -$2,335 42 47
K21 - Schoolcraft & Prairie Ronde Twp 30 $6,804,685 $226,823 $218,450 -$15,072 50 80
K22 - Oshtemo Twp 25 $5,247,069 $209,883 $220,000 -$5,784 77 108
K23 - Alamo & Cooper Twp 14 $2,454,020 $175,287 $162,500 -$2,506 53 53
K24 - Gull Lake 2 $865,000 $432,500 $432,500 -$17,500 51 51
K25 - Texas Township 32 $11,506,183 $359,568 $321,000 -$18,111 60 86
K27 - Wakeshma Twp 2 $269,900 $134,950 $134,950 $0 12 12
K29 - Brady Twp 3 $370,500 $123,500 $129,000 -$6,800 48 74
K30 - Orangeville Twp 3 $370,500 $123,500 $129,000 -$6,800 48 74
K31 - Hope Twp 4 $561,800 $140,450 $158,400 -$12,925 46 46
K32 - Baltimore & Johnstown 6 $998,900 $166,483 $158,000 -$4,650 44 44
K33 - Prairievile Twp 2 $625,605 $312,802 $312,802 -$9,648 65 119
K34 - Barry Twp 3 $565,000 $188,333 $173,000 -$11,600 107 107
K53 - Trowbridge Twp 3 $843,000 $281,000 $290,000 -$1,933 22 22
K54 - Otsego Twp 18 $2,397,000 $133,167 $139,100 -$2,612 29 29
K55 - Gun Plain Twp 10 $1,996,900 $199,690 $182,450 -$7,750 93 93
K56 - Lake Doster 2 $495,000 $247,500 $247,500 -$7,500 5 5
K59 - Allegan Twp 10 $1,522,900 $152,290 $141,000 -$2,879 74 89
K60 - Watson Twp  5 $724,350 $144,870 $148,350 -$1,990 34 34
K61 - Martin Township 5 $679,500 $135,900 $110,000 -$3,440 56 56
K80 - Bloomingdale & Pine Grove 10 $1,536,930 $153,693 $166,000 -$9,060 70 70
K81 - Waverly & Almena Twp 8 $1,522,800 $190,350 $180,000 -$5,837 31 35
K85 - Paw Paw Twp Except V 6 $736,700 $122,783 $126,650 -$3,483 50 121
K86 - Antwerp Twp 28 $4,756,563 $169,877 $188,700 +$1,731 55 55
K87 - Porter Twp 2 $433,500 $216,750 $216,750 -$20,750 117 131
K88 - Village of Paw Paw 3 $363,000 $121,000 $125,000 -$5,567 10 10
K89 - Decatur Twp 3 $232,000 $77,333 $80,000 -$2,600 54 101

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

               

 

 

 

 

 

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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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