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Market Analysis & Statistics For Homes Sold in Ferndale December 2009

By
Real Estate Agent with RE/MAX Showcase Homes

Ferndale Monthly Market Analysis Homes Sold December 2009

December 09 median sale prices decreased 7% from Nov. 09 & a 27% decrease in # of homes sold. Private owned median decreased 33% in Dec. 09 from Nov. 09.  Bank owned homes median price increased 13% in Dec. 09 from Nov. 09. 

December 09 median sale price increased 9% from December 08 

Yr ending Dec. 09 median sale price compared to yr ending Dec. 08 decreased 34%;

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

Active & Sold December 2009

235 listings:

 

29 Sold listings:

 

Median List Price 

$79,900

Median Sold Price 

$53,000

Avg. Days On Market

163

Avg. Days On Market

102

Private Owned

206 listings

Private Owned

17 Sold 

Median List Price 

$85,000

Median Sold Price 

$62,000

Bank Owned

29 listings

Bank Owned

12 Sold 

Median List Price 

$32,000

Median Sold Price 

$40,000

Active & Sold November 2009

243  listings:

 

40 Sold listings:

 

Median List Price 

$79,900

Median Sold Price 

$57,000

Private Owned

212 listings

Private Owned

22 Sold 

Median List Price 

$89,250

Median Sold Price 

$92,000

Bank Owned

31 listings

Bank Owned

18 Sold 

Median List Price 

$29,900

Median Sold Price 

$34,838

Active & Sold December 2008

236  listings:

 

30 Sold listings:

Median List Price 

$79,900

Median Sold Price 

$48,000

January 1, 2008 – December 31, 2008

578 listings:

 

372 Sold listings:

Median List Price 

$75,000

Median Sold Price 

$65,000

January 1, 2009 – December 31, 2009

673 listings:

 

467 Sold listings:

Median List Price 

$59,900

Median Sold Price 

$43,000

Ferndale Michigan Market Analysis for November 2009 Compares only median sold price of residential homes sold in December 2009 with Nov. 09 & Dec. 08; year ending Dec. 08 with yr ending Dec. 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.

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Market Analysis for Ferndale November 2009

Market Analysis for Ferndale October 2009

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

Ferndale 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..

Lee Morof
RE/MAX Showcase Homes - Birmingham, MI
Associate Broker, Attorney, CDPE

Cathy, a 30% drop in median sale price has got to hurt, unless you are a buyer. How much longer can this go on?

Jan 11, 2010 10:42 AM
Larry Brewer - Benchmark Realty llc
Benchmark Realty LLc - Nashville, TN

Cathy - some of the prices of those bank owned homes look like car prices. Somebody is getting a great deal.

Jan 17, 2010 04:09 AM
Cathy Tishhouse
RE/MAX Showcase Homes - Royal Oak, MI
Royal Oak Real Estate

Larry:  Yes they do - this is the median price - some can go for $20,000 or less - depending on the condition.

Jan 17, 2010 10:15 AM