Ferndale Real Estate Market Report, Third Quarter 2013
By the numbers:
3rd Qrt 2012
|
2nd Qrt 2013
|
3rd Qrt 2013
| |
Average Sale Price
|
$72,642
|
$107,304
|
$110,447
|
Average Sq Foot
|
1108
|
1202
|
1185
|
Cost per Sq Foot
|
$65
|
$89
|
$93
|
Number of sales
|
132
|
147
|
129
|
- The 3rd quarter real estate market in Ferndale Berkley is up a very big 52% over the same period last year
- There was a modest 2% increase over last quarter as the market begins to normalize
- The number of houses sold is down over last year and the square footage is up indicating that those with larger homes were taking their profit
Morris Hagerman is a local real estate agent with Real Estate One in Royal Oak, Michigan. He serves Berkley and the other Woodward 5 communities, including Ferndale, Pleasant Ridge, Royal Oak and Huntington Woods. Hagerman is also a member of the Berkley/Huntington Woods Area Chamber of Commerce. You can contact him by phone at 248-854-8440, email at morrishagermanproperties@gmail.com or visit his web page.
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