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Ferndale Michigan Market Analysis for Homes Sold in October 2009

By
Real Estate Agent with RE/MAX Showcase Homes

Ferndale Monthly Market Analysis Homes Sold Oct. 2009

October. 09 median sale prices increased 18% from Sept. 09 & a 24% increase in # of homes sold. Private owned median price stayed the same Oct. 09 from Sept. 09.  Bank owned homes median price increased 29% in Oct. 09 from Sept. 09. 

October 09 median sale price increased 8% from October 08 

Yr ending Oct. 09 median sale price compared to yr ending Oct. 08 decreased 48%;

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

Active & Sold October 2009

283 listings:

 

49 Sold listings:

 

Median List Price 

$79,900

Median Sold Price 

$55,100

Avg. Days On Market

151

Avg. Days On Market

86

Private Owned

244 listings

Private Owned

24 Sold 

Median List Price 

$89,700

Median Sold Price 

$92,000

Bank Owned

39 listings

Bank Owned

25 Sold 

Median List Price 

$36,900

Median Sold Price 

$34,000

Active & Sold September 2009

289  listings:

 

37 Sold listings:

 

Median List Price 

$87,000

Median Sold Price 

$44,900

Private Owned

253 listings

Private Owned

21 Sold 

Median List Price 

$94,900

Median Sold Price 

$92,000

Bank Owned

36 listings

Bank Owned

16 Sold 

Median List Price 

$29,950

Median Sold Price 

$24,250

Active & Sold October 2008

274  listings:

 

40 Sold listings:

Median List Price 

$79,950

Median Sold Price 

$50,744

November 1, 2007 – October 31, 2008

602 listings:

 

368 Sold listings:

Median List Price 

$79,993

Median Sold Price 

$73,800

November 1, 2008 – October 31, 2009

689 listings:

 

455 Sold listings:

Median List Price 

$59,900

Median Sold Price 

$40,000

Ferndale Michigan Market Analysis for October 2009 Compares only median sold price of residential homes sold in Oct. 09 with Sept. 09 & Oct. 08; year ending Oct. 08 with yr ending Oct. 09. It shows all homes sold then private owned vs. Bank Owned/HUD.  To exclude leases in data, minimum sale price used was $5,000.

Market Analysis for Ferndale September 2009

Market Analysis for Ferndale August 2009

Market Analysis for Ferndale July 2009

Market Analysis for Ferndale June 2009

Market Analysis for Ferndale March 2009

Market Analysis for Ferndale February 2009

Oakland County Market Analysis for July 2009

Oakland County Market Analysis for June 2009

Oakland County Market Analysis for May 2009

Ferndale Michigan Realtor selling Oakland County Real Estate.   TishHouse sells Houses - selling Real Estate in 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.