Ferndale Monthly Market Analysis Homes Sold July 2010

Ferndale Monthly Market Analysis Homes Sold July 2010

July 2010 median sale prices decreased 43% from June 2010 & a 10% decrease in # of homes sold. Private owned median decreased 38% in July 2010 from June 2010.  Bank owned homes median price increased 26% in July 2010 from June 2010.  July 2010 median sale price decreased 45% from July 2009. Yr ending July 2010 median sale price compared to yr ending July 2009 increased 16%.  Statistics rounded to nearest % -compiled from RealComp II data believed to be reliable.

Active & Sold July 2010

305 listings: 28 Sold listings:
Average List Price $76,478 Average Sold Price $47,341
Median List Price $66,000 Median Sold Price $39,625
Highest List Price $235,000 Highest Sold Price $122,000
Lowest List Price $9,495 Lowest Sold Price $12,005
Avg. Days On Market 134 Avg. Days On Market 86
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 June 2010

293  listings: 31 Sold listings:
Median List Price $70,000 Median Sold Price $70,000
Private Owned 246 listings Private Owned 24 Sold
Median List Price $79,900 Median Sold Price $71,750
Bank Owned 34 listings Bank Owned 8 Sold
Median List Price $30,950 Median Sold Price $25,100

Active & Sold July 2009

315  listings: 38 Sold listings:
Median List Price $69,900 Median Sold Price $71,750

August 1, 2008 – July 30, 2009

719 listings: 443 Sold listings:
Median List Price $59,900 Median Sold Price $43,000

August 1, 2009 – July 30, 2010

732 listings: 455 Sold listings:
Median List Price $60,000 Median Sold Price $51,000
Aug Sept Oct Nov Dec Jan. Feb Mar Apr May June July
Compared to previous month -44 +11 +24 +03 -07 +29 -41 +27 -12 -09 +31 -43
Compared to same month previous year (2008 – 2009) -38 -42 +08 +19 +09 +63 +33 +44 +39 +26 +43 -45
Compared to Yr. Ending same month previous Yr. -47 -50 -48 -40 -34 -31 -25 -16 00 +15 +27 +16

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