Market Report

Ferndale Real Estate Market Report for March, 2010

Ferndale Real Estate Market Report for January, 2010

There are currently 201 homes for sale.

• Homes are priced from $94,500 – $1,500,000
• Average Asking Price is $384,702 Days on Market are 134 days
• Median Asking Price is $328,500 Days on Market are 97 days
• Homes sold in January: 24
• Average Listing Price $268,044
• Average Sold Price $259,758 Days on the Market 96
• Median Listing Price $245,950
• Median Sold Price $246,000 Days on Market 69
• Homes Pending this week: 10 Total Homes Pending: 50

• Average Sales Price January, 2009: $227,486 Days on the Market: 68
• Median Sales Price January, 2009: $228,000 Days on the Market:  49
• Sold in January, 2009: 7

The Average Sales price is up 19.8% compared to January, 2009 and down 7.4% compared to last month, December 2009.

The Median Sales prices is up 7.8% compared to January, 2009 and up .2% compared to last month, December 2009.

The number of sales is down up 17 compared to January, 2009 and is up 6 compared to last month, December 2009.

Looks like Ferndale prices have come up almost 20% from last years lows but seem to be trending down again.

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 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

Ferndale Real Estate Market Report for November, 2009

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

Ferndale Real Estate Market Report for October, 2009

Ferndale Real Estate Market Report for September, 2009

Ferndale Real Estate Market Report for July, 2009

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

• There are currently 237 homes for sale.
• Homes are priced from $74,900 – $1,950,000
• Average Asking Price is $405,021 Days on Market are 110 days
• Median Asking Price is $355,000 Days on Market are 88 days
• Homes sold in July: 28
• Average Listing Price $347,430
• Average Sold Price $322,816 Days on the Market 99
• Median Listing Price $274,975
• Median Sold Price $253,475 Days on Market 68
• Homes Pending this week: 13 Total Homes Pending: 65

• Average Sales Price July 2008: $293,737
• Median Sales Price July 2008: $276,000
• Sold in July 2008: 31

The Average Sales price is up 9.9% compared to July 08 and down 0.8% compared to last month June 09.

The Median Sales prices is down 8.2% compared to July 08 and up 5.9% compared to last month June09.

The number of sales is down up by 3 compared to July 08 and is up by 11  compared to last month June 09.

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.

Ferndale Real Estate Market Report for June, 2009

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

• There are currently 228 homes for sale.
• Homes are priced from $74,900 – $1,950,000
• Average Asking Price is $398,439 Days on Market are 113 days
• Median Asking Price is $349,500 Days on Market are 71 days
• Homes sold in June: 31
• Average Listing Price $300,387
• Average Sold Price $287,620 Days on the Market 102
• Median Listing Price $299,000
• Median Sold Price $285,000 Days on Market 61
• Homes Pending this week: 12 Total Homes Pending: 60

Average Sales Price June 2008: $295,995

Median Sales Price June 2008: $260,700

Sold in June 2008: 20

The Average Sales price is down 2.8% compared to June 08 and down 2.6% compared to last month May 09.

The Median Sales prices is down 5.5% compared to June 08 and down 1.4% compared to last month May 09.
The number of sales is down up by 11 or 55% to June 08 and is up by 12 or 63% compared to last month May 09.

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.

Ferndale Real Estate Market Report for May 2009

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

• There are currently 219 homes for sale.
• Homes are priced from $79,900 – $1,950,000
• Average Asking Price is $404,367 Days on Market are 115 days
• Median Asking Price is $339,500 Days on Market are 73 days
• Homes sold in May: 19
• Average Listing Price $311,729
• Average Sold Price $295,480 Days on the Market 139
• Median Listing Price $289,900
• Median Sold Price $289,900 Days on Market 85
• Homes Pending this week: 6 Total Homes Pending: 59

Ferndale Real Estate Market Report for April, 2009

May 22, 2009 by Michael Eisenberg
The following is a quick analysis of the Ferndale real estate market.

•There are currently 221 homes for sale.
•Homes are priced from $79,900 – $1,950,000
•Average Asking Price is: $385,673 Days on Market: 110 days
•Median Asking Price is: $329,900 Days on Market: 72 days
•Homes sold in April: 24
•Average Listing Price: $276,606
•Average Sold Price $265,165 Days on Market: 82
•Median Listing Price $269,950
•Median Sold Price $265,450 Days on Market: 62
•Homes Pending this week: 7 Total Homes Pending: 45

If you would like any more information about Ferndale real estate or living in Ferndale send me an email or give me a call at 360-739-6981.