Ferndale Monthly Market Analysis Homes Sold March 2010
March 2010 median sale prices increased 27% from Feb. ’10 & a 25% increase in # of homes sold. Private owned median increased 23% in March 2010 from Feb. ‘10. Bank owned homes median price decreased 32% in March 2010 from February 2010. March 2010 median sale price increased 44% from March 2009. Yr ending Mar. ‘10 median sale price compared to yr ending Mar. 09 decreased 16%. The market has been fluctuating considerably from month to month. Below are yearly comparisons in Ferndale where 7 of the last 12 months have been positive figures. We see a trend upward where home values are increasing from the same months in 2009 and a declining negative value in the year-end comparisons. This indicates that prices may be starting to stabilize in Ferndale.
Statistics rounded to nearest % -compiled from RealComp II data believed to be reliable.
Active & Sold March 2010
|
265 listings: |
|
40 Sold listings: |
|
|
Average List Price |
$83,702 |
Average Sold Price |
$65,430 |
|
Median List Price |
$74,900 |
Median Sold Price |
$60,675 |
|
Highest List Price |
$275,000 |
Highest Sold Price |
$185,000 |
|
Lowest List Price |
$6,000 |
Lowest Sold Price |
$6,160 |
|
Avg. Days On Market |
144 |
Avg. Days On Market |
83 |
|
Private Owned |
218 listings |
Private Owned |
22 Sold |
|
Median List Price |
$79,950 |
Median Sold Price |
$89,250 |
|
Bank Owned |
47 listings |
Bank Owned |
18 Sold |
|
Median List Price |
$29,900 |
Median Sold Price |
$27,250 |
Active & Sold February 2010
|
251 listings: |
|
30 Sold listings: |
|
|
Median List Price |
$74,900 |
Median Sold Price |
$44,100 |
|
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 March 2009
|
267 listings: |
|
42 Sold listings: |
|
|
Median List Price |
$70,000 |
Median Sold Price |
$34,000 |
April 1, 2008 – March 31, 2009
|
638 listings: |
|
413 Sold listings: |
|
|
Median List Price |
$68,250 |
Median Sold Price |
$57,000 |
April 1, 2009 – March 31, 2010
|
692 listings: |
|
467 Sold listings: |
|
|
Median List Price |
$64,856 |
Median Sold Price |
$48,000 |
Year-To-Date Statistical Comparison of Monthly Statistics From Above & Previous Months
|
|
Apr |
May |
June |
July |
Aug |
Sept |
Oct |
Nov |
Dec |
Jan. |
Feb |
Mar |
|
Compared to previous month |
-05 |
+10 |
+18 |
00 |
-44 |
+11 |
+24 |
+03 |
-07 |
+29 |
-41 |
+27 |
|
Compared to same month previous year (2008 – 2009) |
-59 |
-36 |
-24 |
-24 |
-38 |
-42 |
+08 |
+19 |
+09 |
+63 |
+33 |
+44 |
|
Compared to Yr. Ending same month previous Yr. |
-50 |
-50 |
-57 |
-57 |
-47 |
-50 |
-48 |
-40 |
-34 |
-31 |
-25 |
-16 |
Ferndale Michigan Market Analysis for March 2010 Compares only median sold price of residential homes sold in March 2010 with February 2010 & March 2009; year ending March 09 with yr. ending March 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.
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Good info.
Nice info as always Cathy. Keep blogging away:)