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

There are currently 250 homes for sale.

  • Homes are priced from $100,000 – $1,900,000
  • Average Asking Price is $382,147 Days on Market are 116 days
  • Median Asking Price is $319,250 Days on Market are 64 days
  • Homes sold in March: 29
  • Average Listing Price $262,996
  • Average Sold Price $254,114 Days on the Market 104
  • Median Listing Price $247,000
  • Median Sold Price $228,000 Days on Market 71
  • Homes Pending this week: 18 Total Homes Pending: 47
  • Average Sales Price March, 2009: $313,347
  • Median Sales Price  March, 2009: $280,950
  • Sold in  March, 2009: 18

The Average Sales price is down 18.9% compared to March, 2009 and down 17.0% compared to last month, February, 2009.

The Median Sales prices is down 18.8% compared to  March, 2009 and down 20.6% compared to last month, February, 2009.

The number of sales is down up 9 compared to  March, 2009 and is up 17 compared to last month, February, 2009.

Looks like Ferndale prices have come down  from last year but the number of sales is up.

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.  You need to act soon to ake advantage of this great Tax Credit.

The new program has also expanded the tax credit to include existing home owners who have owned a home for at least five of the last 8 years. You will be able to apply for tax credits of up to $6,500 when you purchase your 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