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Ferndale Michigan Market Analysis for Homes Sold in November 2009

By
Real Estate Agent with RE/MAX Showcase Homes

Ferndale Monthly Market Analysis Homes Sold Nov. 2009

November 09 median sale prices increased 3% from Oct. 09 & a 18% decrease in # of homes sold. Private owned median price stayed the same Nov. 09 from Oct. 09.  Bank owned homes median price remained relatively the same Nov. 09 from Oct. 09. 

November 09 median sale price increased 19% from November 08 

Yr ending Nov. 09 median sale price compared to yr ending Nov. 08 decreased 40%;

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

Active & Sold November 2009

243 listings:

 

40 Sold listings:

 

Median List Price 

$79,900

Median Sold Price 

$57,000

Avg. Days On Market

162

Avg. Days On Market

123

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 October 2009

283  listings:

 

49 Sold listings:

 

Median List Price 

$79,900

Median Sold Price 

$55,100

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 November 2008

231  listings:

 

28 Sold listings:

Median List Price 

$79,900

Median Sold Price 

$46,000

December 1, 2007 – November 30, 2008

571 listings:

 

368 Sold listings:

Median List Price 

$79,900

Median Sold Price 

$69,800

December 1, 2008 – November 30, 2009

671 listings:

 

468 Sold listings:

Median List Price 

$59,900

Median Sold Price 

$41,900

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

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.

 

Anonymous
Gary Smith

Cathy,

Congratulations on getting this and other blog posts picked up on outside.in 

http://outside.in/michigan/search/real%20estate

 

 

Jan 05, 2010 01:28 AM
#1
Cathy Tishhouse
RE/MAX Showcase Homes - Royal Oak, MI
Royal Oak Real Estate

Thanks Gary - happy to know and view the link!

Jan 05, 2010 01:36 AM