Ferndale Market Analysis & Statistics Homes Sold April 2010

Ferndale Monthly Market Analysis Homes Sold April 2010

April 2010 median sale prices decreased 12% from Mar. ’10 & a 22% increase in # of homes sold. Private owned median decreased 18% in April 2010 from March ‘10.  Bank owned homes median price decreased 23% in April 2010 from March 2010.  April 2010 median sale price increased 39% from April 2009. Yr ending Apr. ‘10 median sale price compared to yr ending Apr. 09 stayed relatively the same.

Statistics rounded to nearest % -compiled from RealComp II data believed to be reliable

Active & Sold April 2010

299 listings: 51 Sold listings:
Average List Price $80,853 Average Sold Price $63,504
Median List Price $74,500 Median Sold Price $53,500
Highest List Price $274,900 Highest Sold Price $250,000
Lowest List Price $6,000 Lowest Sold Price $12,100
Avg. Days On Market 123 Avg. Days On Market 72
Private Owned 256 listings Private Owned 34 Sold
Median List Price $79,900 Median Sold Price $73,500
Bank Owned 43 listings Bank Owned 17 Sold
Median List Price $26,900 Median Sold Price $21,000

Active & Sold March 2010

265  listings: 40 Sold listings:
Median List Price $74,900 Median Sold Price $60,675
Private Owned 218 listings Private Owned 22 Sold
Median List Price $79,950 Median Sold Price $89,250
Bank Owned 47 listings Bank Owned 18 Sold
Median List Price $29,900 Median Sold Price $27,250

Active & Sold April 2009

284  listings: 36 Sold listings:
Median List Price $73,250 Median Sold Price $32,400

May 1, 2008 – April 30, 2009

668 listings: 420 Sold listings:
Median List Price $64,900 Median Sold Price $49,750

May 1, 2009 – April 30, 2010

734 listings: 486 Sold listings:
Median List Price $64,900 Median Sold Price $50,000

Ferndale Michigan Market Analysis for April 2010 Compares only median sold price of residential homes sold in April 2010 with March 2010 & April 2009; year ending April 09 with yr ending April 2010. It shows all homes sold then private owned vs. Bank Owned/HUD.  To exclude leases in data, minimum sale price used was $5,000.  It also shows a year in review of the market decrease and increase for 2009 through 2010.

2009 – 2010 Summary of Increase and Decrease of Market in Ferndale, Michigan

Apr May June July Aug Sept Oct Nov Dec Jan. Feb Mar
Compared to previous month -05 +10 +18 00 -44 +11 +24 +03 -07 +29 -41 -12
Compared to same month previous year (2008 – 2009) -59 -36 -24 -24 -38 -42 +08 +19 +09 +63 +33 +39
Compared to Yr. Ending same month previous Yr. -50 -50 -57 -57 -47 -50 -48 -40 -34 -31 -25 -25

To view previous market statistics for Ferndale Michigan click here.

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