Ferndale Real Estate Market Report for February, 2009

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

• There are currently 193 homes for sale.
• Homes are priced from $99,900 - $1,950,000
• Average Asking Price is $381,547    Days on Market are 127days
• Median Asking Price is $336,900       Days on Market are 106 days
• Homes Pending this week: 11    Total Homes Pending: 47
• Homes sold in February: 10
• Average Listing Price $369,085
• Average Sold Price $340,687      Days on the Market 91
• Median Listing Price $286,200
• Median Sold Price $286,200      Days on Market 82

There are some great values in the Ferndale market right now, and interest rates are extremely low. 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 would like some info about Ferndale real estate or living in Ferndale visit my website at BellinghamProperty.com or give me a call.