Ferndale Real Estate Market Report for November 2008

Ferndale Real Estate Market Report for Novenber, 2008

The following is a quick analysis of the Ferndale real estate market.

• There are currently 220 homes for sale.
• Homes are priced from $112,500 - $1,950,000
• Average Asking Price is $406,607 Days on Market are 118 days
• Median Asking Price is $328,950 Days on Market are 86 days
• Homes Pending this week: 3 Total Homes Pending: 29
• Homes sold in November: 12
• Average Listing Price $312,113
• Average Sold Price $296,519 Days on the Market 74
• Median Listing Price $314,950
• Median Sold Price $294,750 Days on Market 65

There are some great values in the Ferndale market right now, and interest rates are extremely low. You might want to take a look at what it would cost you to purchase one of these homes at today's rates. You might be surprised at what your monthly payments would be, maybe less than your paying for rent right now if you are renting a comparable sized house.

If you would like some info about Ferndale real estate or living in Ferndale visit my website at BellinghamProperty.com or give me a call.