Ferndale Monthly Market Analysis Homes Sold June 2010

Ferndale Monthly Market Analysis Homes Sold June 2010

June 2010 median sale prices increased 31% from May 2010 & a 09% increase in # of homes sold. Private owned median price stayed the same in June 2010 from May 2010.  Bank owned homes median price increased 07% in June 2010 from May 2010.  June 2010 median sale price increased 43% from June 2009. Yr ending June 2010 median sale price compared to yr ending June 2009 increased 27%.

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

Active & Sold June 2010

293 listings: 31 Sold listings:
Average List Price $80,297 Average Sold Price $71,776
Median List Price $70,000 Median Sold Price $70,000
Highest List Price $288,000 Highest Sold Price $220,000
Lowest List Price $9,900 Lowest Sold Price $18,000
Avg. Days On Market 131 Avg. Days On Market 89
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 May 2010

269  listings: 34 Sold listings:
Median List Price $71,500 Median Sold Price $48,500
Private Owned 232 listings Private Owned 24 Sold
Median List Price $79,900 Median Sold Price $71,750
Bank Owned 37 listings Bank Owned 10 Sold
Median List Price $24,900 Median Sold Price $23,400

Active & Sold June 2009

306  listings: 47 Sold listings:
Median List Price $69,950 Median Sold Price $39,900

July 1, 2008 – June 30, 2009

707 listings: 447 Sold listings:
Median List Price $59,900 Median Sold Price $42,500

July 1, 2009 – June 30, 2010

718 listings: 459 Sold listings:
Median List Price $65,000 Median Sold Price $55,000

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

July Aug Sept Oct Nov Dec Jan. Feb Mar Apr May June
Compared to previous month 00 -44 +11 +24 +03 -07 +29 -41 +27 -12 -09 +31
Compared to same month previous year (2008 – 2009) -24 -38 -42 +08 +19 +09 +63 +33 +44 +39 +26 +43
Compared to Yr. Ending same month previous Yr. -57 -47 -50 -48 -40 -34 -31 -25 -16 00 +15 +27

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

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