Ferndale Monthly Market Analysis Homes Sold December 2009
|
December 09 median sale prices decreased 7% from Nov. 09 & a 27% decrease in # of homes sold. Private owned median decreased 33% in Dec. 09 from Nov. 09. Bank owned homes median price increased 13% in Dec. 09 from Nov. 09. |
|
December 09 median sale price increased 9% from December 08 |
|
Yr ending Dec. 09 median sale price compared to yr ending Dec. 08 decreased 34%; |
|
Statistics rounded to nearest % -compiled from RealComp II data believed to be reliable. |
Active & Sold December 2009
|
235 listings: |
|
29 Sold listings: |
|
|
Median List Price |
$79,900 |
Median Sold Price |
$53,000 |
|
Avg. Days On Market |
163 |
Avg. Days On Market |
102 |
|
Private Owned |
206 listings |
Private Owned |
17 Sold |
|
Median List Price |
$85,000 |
Median Sold Price |
$62,000 |
|
Bank Owned |
29 listings |
Bank Owned |
12 Sold |
|
Median List Price |
$32,000 |
Median Sold Price |
$40,000 |
Active & Sold November 2009
|
243 listings: |
|
40 Sold listings: |
|
|
Median List Price |
$79,900 |
Median Sold Price |
$57,000 |
|
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 December 2008
|
236 listings: |
|
30 Sold listings: |
|
|
Median List Price |
$79,900 |
Median Sold Price |
$48,000 |
January 1, 2008 – December 31, 2008
|
578 listings: |
|
372 Sold listings: |
|
|
Median List Price |
$75,000 |
Median Sold Price |
$65,000 |
January 1, 2009 – December 31, 2009
|
673 listings: |
|
467 Sold listings: |
|
|
Median List Price |
$59,900 |
Median Sold Price |
$43,000 |
Ferndale Michigan Market Analysis for November 2009 Compares only median sold price of residential homes sold in December 2009 with Nov. 09 & Dec. 08; year ending Dec. 08 with yr ending Dec. 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.
If you are looking to Purchase a Home, click here for an IDX Home Search
If you are looking to Sell a Home, click here for an outline of our Marketing Strategy
Market Analysis for Ferndale November 2009
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
Ferndale Realtor selling Oakland County Real Estate. TishHouse sells Houses – selling Real Estate 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..
Cathy, a 30% drop in median sale price has got to hurt, unless you are a buyer. How much longer can this go on?
Cathy - some of the prices of those bank owned homes look like car prices. Somebody is getting a great deal.
Larry: Yes they do - this is the median price - some can go for $20,000 or less - depending on the condition.