Ferndale Monthly Market Analysis Homes Sold February 2010
February 2010 median sale prices decreased 41% from January 2010 & # of homes sold increased by 33% from Jan. 2010. Private owned median price decreased 43% in Feb. 2010 from Jan. 2010 and # of homes sold increased 32%. Bank owned homes median price increased 13% in February 2010 from January 2010. February 2010 median sale price increased 33% from a year ago February 2009 & # homes sold stayed about the same in Feb. 2010. Yr ending Feb. 2010 median sale price compared to yr ending Feb. 09 decreased 25%. The Year to date summary (farther below), indicates that the market is on an upward swing in Ferndale Michigan. While February was not a good month, the market has been increasing for the past 5 months compared to the same period the previous year. Year to date totals are still in the negative from the previous year but the margin is continually by a smaller margin. Statistics rounded to nearest % -compiled from RealComp II data believed to be reliable
Active & Sold February 2010
|
251 listings: |
|
30 Sold listings: |
|
|
Median List Price |
$74,900 |
Median Sold Price |
$44,100 |
|
Avg. Days On Market |
144 |
Avg. Days On Market |
83 |
|
Private Owned |
213 listings |
Private Owned |
19 Sold |
|
Median List Price |
$84,900 |
Median Sold Price |
$69,000 |
|
Bank Owned |
38 listings |
Bank Owned |
11 Sold |
|
Median List Price |
$31,125 |
Median Sold Price |
$40,000 |
Active & Sold January 2010
|
244 listings: |
|
20 Sold listings: |
|
|
Median List Price |
$79,900 |
Median Sold Price |
$74,550 |
|
Private Owned |
211 listings |
Private Owned |
13 Sold |
|
Median List Price |
$85,000 |
Median Sold Price |
$121,500 |
|
Bank Owned |
33 listings |
Bank Owned |
7 Sold |
|
Median List Price |
$36,000 |
Median Sold Price |
$35,000 |
Active & Sold February 2009
|
252 listings: |
|
31 Sold listings: |
|
|
Median List Price |
$74,900 |
Median Sold Price |
$29,500 |
March 1, 2008 – February 28, 2009
|
612 listings: |
|
391 Sold listings: |
|
|
Median List Price |
$71,000 |
Median Sold Price |
$60,000 |
March 1, 2009 – February 28, 2010
|
690 listings: |
|
469 Sold listings: |
|
|
Median List Price |
$60,000 |
Median Sold Price |
$45,000 |
Ferndale Michigan Market Analysis for February 2010 Compares only median sold price of residential homes sold in February 2010 with Jan. 2010 & February 2009; year ending Feb. 09 with yr ending Feb. 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.
Year-To-Date Statistical Comparison of Monthly Statistics From Above & Previous Months
|
|
Mar |
Apr |
May |
June |
July |
Aug |
Sept |
Oct |
Nov |
Dec |
Jan. |
Feb |
|
Compared to previous month |
+13 |
-05 |
+10 |
+18 |
00 |
-44 |
+11 |
+24 |
+03 |
-07 |
+29 |
-41 |
|
Compared to same month previous year (2008 – 2009) |
-56 |
-59 |
-36 |
-24 |
-24 |
-38 |
-42 |
+08 |
+19 |
+09 |
+63 |
+33 |
|
Compared to Yr. Ending same month previous Yr. |
-45 |
-50 |
-50 |
-57 |
-57 |
-47 |
-50 |
-48 |
-40 |
-34 |
-31 |
-25 |
Click here to view all market analysis for Ferndale Michigan
Click here to view Year-to-date for 2009 for Ferndale Michigan.
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