Royal Oak Real Estate Market Report, Third Quarter 2013
By the numbers:
3rd Qrt 2012
|
2nd Qrt 2013
|
3rd Qrt 2013
| |
Average Sale Price
|
$141,646
|
$196,047
|
$186,288
|
Average Sq Foot
|
1,220
|
1,374
|
1,307
|
Cost per Sq Foot
|
$116
|
$142
|
$142
|
Number of sales
|
250
|
364
|
343
|
- Royal Oak’s 3rd quarter average sale price numbers came in with a 31% run up over the same quarter last year.
- The average sale price for the 3rd quarter in Royal Oak actually fell from 2nd quarter by 6% as the market stabilized.
- The number of homes sold jumped in the 3rd quarter this year over last.
- The number of homes sold in 3rd quarter fell by 6%.
Morris Hagerman is a local real estate agent with Real Estate One in Royal Oak, Michigan. He serves Berkley and the other Woodward 5 communities, including Ferndale, Pleasant Ridge, Royal Oak and Huntington Woods. Hagerman is also a member of the Berkley/Huntington Woods Area Chamber of Commerce. You can contact him by phone at 248-854-8440, email at morrishagermanproperties@gmail.com or visit his web page.
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