Ferndale Monthly Market Analysis Homes Sold August 2010

Ferndale Monthly Market Analysis Homes Sold August 2010

August 2010 median sale prices decreased 11% from July 2010 & a 13% increase in # of homes sold. Private owned median increased 44% in August 2010 from July 2010.  Bank owned homes median price decreased 41% in August 2010 from July 2010. August 2010 median sale price decreased 12% from August 2009. Yr ending August 2010 median sale price compared to yr ending August 2009 increased 21%.  Statistics rounded to nearest % -compiled from RealComp II data believed to be reliable

Active & Sold August 2010

308 listings: 32 Sold listings:
Average List Price $77,381 Average Sold Price $57,494
Median List Price $69,450 Median Sold Price $35,306
Highest List Price $288,000 Highest Sold Price $269,000
Lowest List Price $9,495 Lowest Sold Price $12,005
Avg. Days On Market 134 Avg. Days On Market 87
Private Owned 260 listings Private Owned 14 Sold
Median List Price $75,000 Median Sold Price $79,000
Bank Owned 48 listings Bank Owned 18 Sold
Median List Price $29,900 Median Sold Price $20,000

Active & Sold July 2010

305  listings: 28 Sold listings:
Median List Price $66,000 Median Sold Price $39,625
Private Owned 259 listings Private Owned 13 Sold
Median List Price $74,900 Median Sold Price $44,300
Bank Owned 46 listings Bank Owned 15 Sold
Median List Price $34,900 Median Sold Price $34,000

Active & Sold August 2009

322  listings: 46 Sold listings:
Median List Price $66,000 Median Sold Price $40,000

September 1, 2008 – August 31, 2009

734 listings: 458 Sold listings:
Median List Price $58,950 Median Sold Price $41,125

September 1, 2009 – August 31, 2010

717 listings: 441 Sold listings:
Median List Price $62,900 Median Sold Price $52,000

Ferndale Michigan Market Analysis for August 2010 Compares only median sold price of residential homes sold in August 2010 with July 2010 & August 2009; year ending August 2009 with yr ending August 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.

Sept Oct Nov Dec Jan. Feb Mar Apr May June July Aug
Compared to previous month +11 +24 +03 -07 +29 -41 +27 -12 -09 +31 -43 -11
Compared to same month previous year (2008 – 2009) -42 +08 +19 +09 +63 +33 +44 +39 +26 +43 -45 -41
Compared to Yr. Ending same month previous Yr. -50 -48 -40 -34 -31 -25 -16 00 +15 +27 +16 +21

To see more statistics from previous months for Ferndale Homes Sold, click here.

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