Ferndale Monthly Market Analysis Homes Sold September 2010
September 2010 median sale prices decreased 07% from August 2010 & a 06% increase in # of homes sold. Private owned median decreased 17% in September 2010 from August 2010. Bank owned homes median price increased 07% in September 2010 from August 2010. September 2010 median sale price decreased 34% from September 2009. Yr ending September 2010 median sale price compared to yr ending September 2009 increased 23%.
Statistics rounded to nearest % -compiled from RealComp II data believed to be reliable
Active & Sold September 2010
| 304 listings: | 34 Sold listings: | ||
| Average List Price | $74,261 | Average Sold Price | $54,071 |
| Median List Price | $63,500 | Median Sold Price | $33,000 |
| Highest List Price | $235,000 | Highest Sold Price | $178,000 |
| Lowest List Price | $9,495 | Lowest Sold Price | $14,700 |
| Avg. Days On Market | 129 | Avg. Days On Market | 97 |
| Private Owned | 260 listings | Private Owned | 22 Sold |
| Median List Price | $70,000 | Median Sold Price | $64,250 |
| Bank Owned | 44 listings | Bank Owned | 12 Sold |
| Median List Price | $26,950 | Median Sold Price | $21,501 |
Active & Sold August 2010
| 308 listings: | 32 Sold listings: | ||
| Median List Price | $69,450 | Median Sold Price | $35,306 |
| Private Owned | 260 listings | Private Owned | 14 Sold |
| Median List Price | $75,000 | Median Sold Price | $79,000 |
| Bank Owned | 48 listings | Bank Owned | 18 Sold |
| Median List Price | $29,900 | Median Sold Price | $20,000 |
Active & Sold September 2009
| 309 listings: | 39 Sold listings: | ||
| Median List Price | $64,900 | Median Sold Price | $50,000 |
October 1, 2008 – September 30, 2009
| 717 listings: | 458 Sold listings: | ||
| Median List Price | $53,500 | Median Sold Price | $39,700 |
October 1, 2009 – September 30, 2010
| 706 listings: | 436 Sold listings: | ||
| Median List Price | $59,900 | Median Sold Price | $51,250 |
Ferndale Michigan Market Analysis for September 2010 Compares only median sold price of residential homes sold in September 2010 with August 2010 & September 2009; year ending September 2009 with yr ending September 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.
| Oct | Nov | Dec | Jan. | Feb | Mar | Apr | May | June | July | Aug | Sept | |
| Compared to previous month | +24 | +03 | -07 | +29 | -41 | +27 | -12 | -09 | +31 | -43 | -11 | -07 |
| Compared to same month previous year (2008 – 2009) | +08 | +19 | +09 | +63 | +33 | +44 | +39 | +26 | +43 | -45 | -41 | -34 |
| Compared to Yr. Ending same month previous Yr. | -48 | -40 | -34 | -31 | -25 | -16 | 00 | +15 | +27 | +16 | +21 | +23 |
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