Ferndale Monthly Market Analysis Homes Sold January 2011
January 2011 median sale prices decreased 16% from December 2010 & a 03% increase in # of homes sold. Private owned median decreased 46% in January 2011 from December 2010. Bank owned homes median price decreased 07% in January 2011 from December 2010. January 2011 median sale price decreased 61% from January 2010. Yr ending January 2011 median sale price compared to yr ending January 2010 decreased 09%. Statistics rounded to nearest % -compiled from RealComp II data believed to be reliable
Active & Sold January 2011
| 233 listings: | 36 Sold listings: | ||
| Average List Price | $63,972 | Average Sold Price | $43,451 |
| Median List Price | $49,900 | Median Sold Price | $29,250 |
| Highest List Price | $225,000 | Highest Sold Price | $189,900 |
| Lowest List Price | $ 6,900 | Lowest Sold Price | $ 6,900 |
| Avg. Days On Market | 160 | Avg. Days On Market | 76 |
| Private Owned | 193 listings | Private Owned | 17 Sold |
| Median List Price | $59,900 | Median Sold Price | $35,000 |
| Bank Owned | 40 listings | Bank Owned | 19 Sold |
| Median List Price | $27,200 | Median Sold Price | $24,750 |
Active & Sold December 2010
| 263 listings: | 35 Sold listings: | ||
| Median List Price | $55,000 | Median Sold Price | $35,000 |
| Private Owned | 210 listings | Private Owned | 17 Sold |
| Median List Price | $65,000 | Median Sold Price | $64,900 |
| Bank Owned | 53 listings | Bank Owned | 18 Sold |
| Median List Price | $27,000 | Median Sold Price | $26,500 |
Active & Sold January 2010
| 219 listings: | 22 Sold listings: | ||
| Median List Price | $59,900 | Median Sold Price | $74,550 |
February 1, 2010 – January 31, 2011
| 640 listings: | 443 Sold listings: | ||
| Median List Price | $49,689 | Median Sold Price | $40,000 |
February 1, 2009 – January 31, 2010
| 667 listings: | 470 Sold listings: | ||
| Median List Price | $49,900 | Median Sold Price | $44,000 |
Ferndale Michigan Market Analysis for January 2011 Compares only median sold price of residential homes sold in January 2011 with December 2010 & January 2010; year ending January 2010 with yr ending January 2011. It shows all homes sold then private owned vs. Bank Owned/HUD. To exclude leases in data, minimum sale price used was $5,000.
To see more statistics from previous months for Ferndale Homes Sold, click here.
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