Ferndale Monthly Market Analysis & Statistics Homes Sold January 2011

Ferndale Monthly Market Analysis Homes Sold January 2011

January 2011 median sale prices decreased 16% from December 2010 & a 03% increase in # of homes sold. Private owned median decreased 46% in January 2011 from December 2010.  Bank owned homes median price decreased 07% in January 2011 from December 2010. January 2011 median sale price decreased 61% from January 2010. Yr ending January 2011 median sale price compared to yr ending January 2010 decreased 09%.  Statistics rounded to nearest % -compiled from RealComp II data believed to be reliable

Active & Sold January 2011

233 listings: 36 Sold listings:
Average List Price $63,972 Average Sold Price $43,451
Median List Price $49,900 Median Sold Price $29,250
Highest List Price $225,000 Highest Sold Price $189,900
Lowest List Price $ 6,900 Lowest Sold Price $ 6,900
Avg. Days On Market 160 Avg. Days On Market 76
Private Owned 193 listings Private Owned 17 Sold
Median List Price $59,900 Median Sold Price $35,000
Bank Owned 40 listings Bank Owned 19 Sold
Median List Price $27,200 Median Sold Price $24,750

Active & Sold December 2010

263  listings: 35 Sold listings:
Median List Price $55,000 Median Sold Price $35,000
Private Owned 210 listings Private Owned 17 Sold
Median List Price $65,000 Median Sold Price $64,900
Bank Owned 53 listings Bank Owned 18 Sold
Median List Price $27,000 Median Sold Price $26,500

Active & Sold January 2010

219  listings: 22 Sold listings:
Median List Price $59,900 Median Sold Price $74,550

February 1, 2010 – January 31, 2011

640 listings: 443 Sold listings:
Median List Price $49,689 Median Sold Price $40,000

February 1, 2009 – January 31, 2010

667 listings: 470 Sold listings:
Median List Price $49,900 Median Sold Price $44,000

Ferndale Michigan Market Analysis for January 2011 Compares only median sold price of residential homes sold in January 2011 with December 2010 & January 2010; year ending January 2010 with yr ending January 2011. It shows all homes sold then private owned vs. Bank Owned/HUD.  To exclude leases in data, minimum sale price used was $5,000.

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

If you would like to know what your home is worth, click here for a free Comparative Market Analysis.

If you are looking to purchase a home, click here for a search of the MLS.

Ferndale Michigan Realtor selling Oakland County Real Estate.  TishHouse sells Houses – selling Real Estate Southeastern Michigan with RE/MAX Showcase Homes in Birmingham, Michigan.  Helping People in a challenging market by specializing in Short Sales.  See what my clients have to say about my extraordinary customer service.  Follow me on Twitter.

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