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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