Ferndale Monthly Market Analysis Homes Sold February 2011
February 2011 median sale prices increased 03% from January 2011 & a 17% decrease in # of homes sold. Private owned median increased 10% in February 2011 from January 2011. Bank owned homes median price increased 05% in February 2011 from January 2011. February 2011 median sale price decreased 25% from February 2010. Yr ending February 2011 median sale price compared to yr ending February 2010 decreased 12%. Statistics rounded to nearest % -compiled from RealComp II data believed to be reliable
Active & Sold February 2011
| 232 listings: | 30 Sold listings: | ||
| Average List Price | $68,542 | Average Sold Price | $47,110 |
| Median List Price | $53,837 | Median Sold Price | $30,303 |
| Highest List Price | $225,000 | Highest Sold Price | $206,000 |
| Lowest List Price | $ 8,900 | Lowest Sold Price | $ 8,900 |
| Avg. Days On Market | 151 | Avg. Days On Market | 121 |
| Private Owned | 193 listings | Private Owned | 17 Sold |
| Median List Price | $60,000 | Median Sold Price | $39,000 |
| Bank Owned | 39 listings | Bank Owned | 13 Sold |
| Median List Price | $30,000 | Median Sold Price | $26,000 |
Active & Sold January 2011
| 233 listings: | 36 Sold listings: | ||
| Median List Price | $49,900 | Median Sold Price | $29,250 |
| 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 February 2010
| 235 listings: | 33 Sold listings: | ||
| Median List Price | $55,000 | Median Sold Price | $40,500 |
March 1, 2010 – February 28, 2011
| 642 listings: | 440 Sold listings: | ||
| Median List Price | $49,900 | Median Sold Price | $39,532 |
March 1, 2009 – February 28, 2010
| 674 listings: | 472 Sold listings: | ||
| Median List Price | $49,900 | Median Sold Price | $45,000 |
Ferndale Michigan Market Analysis for February 2011 Compares only median sold price of residential homes sold in February 2011 with January 2011 & February 20010; year ending February 2010 with yr ending February 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.
o see more statistics from previous months for Ferndale Homes Sold, click here.
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