Ferndale Real Estate Market Report for November, 2009
The following is a quick analysis of the Ferndale real estate market.
There are currently 205 homes for sale.
- Homes are priced from $69,900 – $1,500,000
- Average Asking Price is $383,692 Days on Market are 137 days
- Median Asking Price is $319,900 Days on Market are 99 days
- Homes sold in November: 20
- Average Listing Price $303,688
- Average Sold Price $298,420 Days on the Market 94
- Median Listing Price $248,475
- Median Sold Price $243,950 Days on Market 82
- Homes Pending this week: 8 Total Homes Pending: 50
- Average Sales Price November 2008: $305,298
- Median Sales Price November 2008: $300,000
- Sold in November 2008: 11
The Average Sales price is down 2.3% compared to November 08 and up 14.5% compared to last month, October 09.
The Median Sales prices is down 23.0% compared to November 08 and down 2.6% compared to last month, October 09.
The number of sales is down up by 9 compared to November 08 and is down 4 compared to last month, October 09.
Great news the First Time Home Buyer’s Tax Credit of $8,000 available to anyone who hasn’t owned a home in the past 3 years has been extended until April 2010. The new program will also expand the tax credit to include existing home owners who have owned a home for at least five of the last 8 years will be able to apply for tax credits of up to $6,500 when they purchase their next home.
You might want to talk to your banker to see what you can afford. Meanwhile interest rates are still extremely low and there are some great values in the Bellingham market right now. 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 have any questions or want to see any Bellingham Property feel free to email me at or give me a call at 360-739-6981
Leave a Reply
