Ferndale Monthly Market Analysis Homes Sold August 2010
August 2010 median sale prices decreased 11% from July 2010 & a 13% increase in # of homes sold. Private owned median increased 44% in August 2010 from July 2010. Bank owned homes median price decreased 41% in August 2010 from July 2010. August 2010 median sale price decreased 12% from August 2009. Yr ending August 2010 median sale price compared to yr ending August 2009 increased 21%. Statistics rounded to nearest % -compiled from RealComp II data believed to be reliable
Active & Sold August 2010
| 308 listings: | 32 Sold listings: | ||
| Average List Price | $77,381 | Average Sold Price | $57,494 |
| Median List Price | $69,450 | Median Sold Price | $35,306 |
| Highest List Price | $288,000 | Highest Sold Price | $269,000 |
| Lowest List Price | $9,495 | Lowest Sold Price | $12,005 |
| Avg. Days On Market | 134 | Avg. Days On Market | 87 |
| 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 July 2010
| 305 listings: | 28 Sold listings: | ||
| Median List Price | $66,000 | Median Sold Price | $39,625 |
| Private Owned | 259 listings | Private Owned | 13 Sold |
| Median List Price | $74,900 | Median Sold Price | $44,300 |
| Bank Owned | 46 listings | Bank Owned | 15 Sold |
| Median List Price | $34,900 | Median Sold Price | $34,000 |
Active & Sold August 2009
| 322 listings: | 46 Sold listings: | ||
| Median List Price | $66,000 | Median Sold Price | $40,000 |
September 1, 2008 – August 31, 2009
| 734 listings: | 458 Sold listings: | ||
| Median List Price | $58,950 | Median Sold Price | $41,125 |
September 1, 2009 – August 31, 2010
| 717 listings: | 441 Sold listings: | ||
| Median List Price | $62,900 | Median Sold Price | $52,000 |
Ferndale Michigan Market Analysis for August 2010 Compares only median sold price of residential homes sold in August 2010 with July 2010 & August 2009; year ending August 2009 with yr ending August 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.
| Sept | Oct | Nov | Dec | Jan. | Feb | Mar | Apr | May | June | July | Aug | |
| Compared to previous month | +11 | +24 | +03 | -07 | +29 | -41 | +27 | -12 | -09 | +31 | -43 | -11 |
| Compared to same month previous year (2008 – 2009) | -42 | +08 | +19 | +09 | +63 | +33 | +44 | +39 | +26 | +43 | -45 | -41 |
| Compared to Yr. Ending same month previous Yr. | -50 | -48 | -40 | -34 | -31 | -25 | -16 | 00 | +15 | +27 | +16 | +21 |
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