Ferndale Real Estate Market Report for December 2008

Ferndale Real Estate Market Report for December , 2008

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

• There are currently 186 homes for sale.
• Homes are priced from $91,900 - $1,950,000
• Average Asking Price is $403,407 Days on Market are 130 days
• Median Asking Price is $338,750 Days on Market are 108 days
• Homes Pending this week: 1 Total Homes Pending: 19
• Homes sold in December: 20
• Average Listing Price $292,045
• Average Sold Price $284,383 Days on the Market 81
• Median Listing Price $254,500
• Median Sold Price $237,500 Days on Market 48

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.