How Your Home Compares to Homes Sold in Ferndale December 2010

Ferndale Monthly Market Analysis Homes Sold December 2010

December 2010 median sale prices increased 11% from November 2010 & a 05% decrease in # of homes sold. Private owned median decreased 13% in December 2010 from November 2010.  Bank owned homes median price increased 07% in December 2010 from November 2010. December 2010 median sale price decreased 36% from December 2009. Yr ending December 2010 median sale price compared to yr ending December 2009 stayed about the same.  Statistics rounded to nearest % -compiled from RealComp II data believed to be reliable

Active & Sold December 2010

263 listings: 35 Sold listings:
Average List Price $65,431 Average Sold Price $48,335
Median List Price $55,000 Median Sold Price $35,000
Highest List Price $225,000 Highest Sold Price $212,500
Lowest List Price $ 8,900 Lowest Sold Price $ 6,000
Avg. Days On Market 146 Avg. Days On Market 84
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 November 2010

265  listings: 37 Sold listings:
Median List Price $55,000 Median Sold Price $31,000
Private Owned 212 listings Private Owned 19 Sold
Median List Price $65,000 Median Sold Price $75,000
Bank Owned 53 listings Bank Owned 18 Sold
Median List Price $27,900 Median Sold Price $24,700

Active & Sold December 2009

260  listings: 32 Sold listings:
Median List Price $59,900 Median Sold Price $54,950

January 1, 2009 – December 31, 2009

700 listings: 472 Sold listings:
Median List Price $49,900 Median Sold Price $43,025

January 1, 2010 – December 31, 2010

655 listings: 427 Sold listings:
Median List Price $50,000 Median Sold Price $43,000

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

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

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

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 onTwitter.

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