While Year to Date (YTD) "Sold" prices for Ferndale are down from 2009 there are signs of stabilization and that we are either at or getting close to the bottom of this particular real estate cycle. In fact for the month of Sept 2010 the Ave Sold price in Ferndale was up 12.1% over the Ave Sold price for the month of Sept in 2009. And the Median Sold price in Sept 2010 for Ferndale was up 18.9% over the Median Sold price of Sept 2009 for Ferndale WA.
Here's all the numbers for the Active Listings followed by the numbers for the Sold Listings.
Area 870 – Ferndale Active Listings
Month of Sept New Listings – 40 units in ’09 to 37 units in ’10 – Down 7.5%
YTD New Listings – 465 units in ’09 to 521 units in ’10 – Up 12.0%
Month of Sept Total Active Listings – 226 units in ’09 to 252 units in ’10 – Up 11.5%
Month of Sept Ave List Price - $393,704 in ’09 to $369,600 in ’10 – Down 6.1%
The YTD Average List Price - $394,074 in ’09 to $377,060 in ’10 – Down 4.3%
Month of Sept Median List Price - $329,900 in ’09 to $309,950 in ’10 – Down 6.0%
The YTD Median List Price - $338,750 in ’09 to $319,995 in ’10 – Down 5.5%
Average Days on Market - 118 days in ’09 to 129 days in ’10. – Up 9.3%
Area 870 – Ferndale Sold Homes
Month of Sept # of homes sold – 24 units in ’09 to 18 units in ’10 – Down 25.0%
YTD Number of Homes Sold – 188 units in ’09 to 185 units in ’10 – Down 1.6%
Month of Sept Ave Sold Price - $260,319 in ’09 to $291,921 in ’10 – Up 12.1%
YTD Average Sold Price - $287,480 in ’09 to $267,428 in ’10 – Down 7.0%
Month of Sept Med. Sold Price - $239,999 in ’09 to $285,368 in ’10 - Up 18.9%
YTD Med. Sold Price - $265,450 in ’09 to $250,000 in ’10 – Down 5.8%
Market time with from 102 days in ’09 to 138 days in ’10 – Up 35.3%
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