Ferndale Monthly Market Analysis Homes Sold September 2010

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Real Estate Agent with RE/MAX Showcase Homes

Ferndale Monthly Market Analysis Homes Sold September 2010

September 2010 median sale prices decreased 07% from August 2010 & a 06% increase in # of homes sold. Private owned median decreased 17% in September 2010 from August 2010.  Bank owned homes median price increased 07% in September 2010 from August 2010. September 2010 median sale price decreased 34% from September 2009. Yr ending September 2010 median sale price compared to yr ending September 2009 increased 23%.

Statistics rounded to nearest % -compiled from RealComp II data believed to be reliable

Active & Sold September 2010

304 listings: 34 Sold listings:
Average List Price $74,261 Average Sold Price $54,071
Median List Price $63,500 Median Sold Price $33,000
Highest List Price $235,000 Highest Sold Price $178,000
Lowest List Price $9,495 Lowest Sold Price $14,700
Avg. Days On Market 129 Avg. Days On Market 97
Private Owned 260 listings Private Owned 22 Sold
Median List Price $70,000 Median Sold Price $64,250
Bank Owned 44 listings Bank Owned 12 Sold
Median List Price $26,950 Median Sold Price $21,501

Active & Sold August 2010

308  listings: 32 Sold listings:
Median List Price $69,450 Median Sold Price $35,306
Private Owned 260 listings Private Owned 14 Sold
Median List Price $75,000 Median Sold Price $79,000
Bank Owned 48 listings Bank Owned 18 Sold
Median List Price $29,900 Median Sold Price $20,000

Active & Sold September 2009

309  listings: 39 Sold listings:
Median List Price $64,900 Median Sold Price $50,000

October 1, 2008 – September 30, 2009

717 listings: 458 Sold listings:
Median List Price $53,500 Median Sold Price $39,700

October 1, 2009 – September 30, 2010

706 listings: 436 Sold listings:
Median List Price $59,900 Median Sold Price $51,250

Ferndale Michigan Market Analysis for September 2010 Compares only median sold price of residential homes sold in September 2010 with August 2010 & September 2009; year ending September 2009 with yr ending September 2010. It shows all homes sold then private owned vs. Bank Owned/HUD.  To exclude leases in data, minimum sale price used was $5,000.

Oct Nov Dec Jan. Feb Mar Apr May June July Aug Sept
Compared to previous month +24 +03 -07 +29 -41 +27 -12 -09 +31 -43 -11 -07
Compared to same month previous year (2008 – 2009) +08 +19 +09 +63 +33 +44 +39 +26 +43 -45 -41 -34
Compared to Yr. Ending same month previous Yr. -48 -40 -34 -31 -25 -16 00 +15 +27 +16 +21 +23

Ferndale Realtor selling Oakland County Real Estate.  TishHouse sells Houses – selling Real Estate Southeastern Michiganwith RE/MAX Showcase Homes in Birmingham, Michigan.  Helping People in a challenging market by specializing inShort Sales.  See what my clients have to say about my extraordinary customer service.  Follow me on Twitter..

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market analysis ferndale september 2010
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Cathy Tishhouse

Royal Oak Real Estate
Looking to Sell Your Home
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