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
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251 listings:
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30 Sold listings:
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|
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Median List Price
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$74,900
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Median Sold Price
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$44,100
|
|
Avg. Days On Market
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144
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Avg. Days On Market
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83
|
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Private Owned
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213 listings
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Private Owned
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19 Sold
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|
Median List Price
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$84,900
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Median Sold Price
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$69,000
|
|
Bank Owned
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38 listings
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Bank Owned
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11 Sold
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|
Median List Price
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$31,125
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Median Sold Price
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$40,000
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Active & Sold January 2010
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244 listings:
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|
20 Sold listings:
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|
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Median List Price
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$79,900
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Median Sold Price
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$74,550
|
|
Private Owned
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211 listings
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Private Owned
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13 Sold
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|
Median List Price
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$85,000
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Median Sold Price
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$121,500
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Bank Owned
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33 listings
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Bank Owned
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7 Sold
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|
Median List Price
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$36,000
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Median Sold Price
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$35,000
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Active & Sold February 2009
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252 listings:
|
|
31 Sold listings:
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|
|
Median List Price
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$74,900
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Median Sold Price
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$29,500
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March 1, 2008 – February 28, 2009
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612 listings:
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|
391 Sold listings:
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|
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Median List Price
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$71,000
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Median Sold Price
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$60,000
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March 1, 2009 – February 28, 2010
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690 listings:
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469 Sold listings:
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|
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Median List Price
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$60,000
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Median Sold Price
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$45,000
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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
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|
Mar
|
Apr
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May
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June
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July
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Aug
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Sept
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Oct
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Nov
|
Dec
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Jan.
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Feb
|
|
Compared to previous month
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+13
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-05
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+10
|
+18
|
00
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-44
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+11
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+24
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+03
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-07
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+29
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-41
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Compared to same month previous year (2008 – 2009)
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-56
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-59
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-36
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-24
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-24
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-38
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-42
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+08
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+19
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+09
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+63
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+33
|
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Compared to Yr. Ending same month previous Yr.
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-45
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-50
|
-50
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-57
|
-57
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-47
|
-50
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-48
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-40
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-34
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-31
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-25
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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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