Bellingham Real Estate Blog

This months average sales price is up 7.9% over last year, while median price went up only 1.5%. The average price is up slightly from the previous month while the median came down from the previous month.

The number of sales is up by 6 compared to last year, or 11% and days on market is higher than last year.

If you would like any more information about Bellingham Real Estate or Bellingham Real Estate statistics visit my website at BellinghamProperty.com

The following is a quick analysis of the Blaine  real estate market by Michael Eisenberg of Fairhaven Realty. 

• There are currently 253 homes for sale.
• Homes are priced from $115,00 - $3,500,000
• Average Asking Price is $474,738
• Average Days on Market are 128 days (or about 3 months)
• Median Asking Price is $329,900
• Median Days on Market are 82 days
• 3 Homes went Pending this week
• 17 Homes sold in February
• Average Listing Price $249,644
• Average Sold Price $240,326
• Average Days on the Market 137
• Median Listing Price $257,060
• Median Sold Price $249,950
• Median Days on Market 100

As you can easily see there is quite a large discrepancy between the average price for a home presently on the market a $474,738 and the average sold price last month of $240,326. It looks like the $3,500,000 home is still skewing that average price quite a bit.

Buyers: Interest rates are still low making now is a good time to get in the market. There are plenty of homes to choose from and lots have been on the market a long time so there are some motivated sellers out there who need to sell their homes.

Sellers: There is still a lot of competition right now and if you don't want your home to sit on the market without an offer here are a few bits of advise:

• The most important thing you can do is price your home right, have your real estate agent do a CMA and price your home aggressively, that is in the lower range of similar homes if you want a quick sale
• Hava a pre-inspection done to your home and fix any problems
• Give your home curb appeal
• Offer a Home Warranty if it is an older home
• Get rid of clutter, start clearing out your things, even if you have to put them in storage.
• Think about staging your home, get advise from a staging professional or at least your agent.

If you would like some info about Blaine real estate or living in Blaine visit my website at BellinghamProperty.com or give me a call. 

 Lynden Real Estate Market Report for February, 2008

The following is a quick analysis of the Lynden real estate market by Michael Eisenberg of Fairhaven Realty. 

• There are currently 147 homes for sale.
• Homes are priced from $124,900 - $1,790,000
• Average Asking Price is $430,719
• Average Days on Market are 114 days (or about 3 months)
• Median Asking Price is $352,750
• Median Days on Market are 77days
• 2 Homes went Pending this week
• 17 Homes sold last in January
• Average Listing Price $389,676
• Average Sold Price $376,168
• Average Days on the Market 142
• Median Listing Price $359,900
• Median Sold Price $359,000
• Median Days on Market 87

Buyers: Interest rates are still low making now is a good time to get in the market. There are plenty of homes to choose from and lots have been on the market a long time so there are some motivated sellers out there who need to sell their homes.

Sellers: There is still a lot of competition right now and if you don't want your home to sit on the market without an offer here are a few bits of advise:

• The most important thing you can do is price your home right, have your real estate agent do a CMA and price your home aggressively, that is in the lower range of similar homes if you want a quick sale
• Hava a pre-inspection done to your home and fix any problems
• Give your home curb appeal
• Offer a Home Warranty if it is an older home
• Get rid of clutter, start clearing out your things, even if you have to put them in storage.
• Think about staging your home, get advise from a staging professional or at least your agent.

If you would like some info about Lynden real estate or living in Lynden visit my website at BellinghamProperty.com or give me a call. 

Real Estate Market Report/Conditions for Ferndale, WA for February, 2008

The following is a quick analysis of theFerndale Real Estate Residential  market by Michael Eisenberg of Fairhaven Realty. 

• There are currently 182 homes for sale.
• Homes are priced from $90,000 - $1,350,000
• Average Asking Price is $396,204
• Average Days on Market are 95 days (or about 3 months)
• Median Asking Price is $350,000
• Median Days on Market are 52 days
• 7 Homes went Pending this week
• 27 Homes sold last in January
• Average Listing Price $307,650
• Average Sold Price $299,411
• Average Days on the Market 138
• Median Listing Price $315,000
• Median Sold Price $304,000
• Median Days on Market 102

Buyers: Interest rates are still low making now is a good time to get in the market. There are plenty of homes to choose from and lots have been on the market a long time so there are some motivated sellers out there who need to sell their homes.

Sellers: There is still a lot of competition right now and if you don't want your home to sit on the market without an offer here are a few bits of advise:

• The most important thing you can do is price your home right, have your real estate agent do a CMA and price your home aggressively, that is in the lower range of similar homes if you want a quick sale
• Hava a pre-inspection done to your home and fix any problems
• Give your home curb appeal
• Offer a Home Warranty if it is an older home
• Get rid of clutter, start clearing out your things, even if you have to put them in storage.
• Think about staging your home, get advise from a staging professional or at least your agent.

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. 

 Real Estate Market Report/Conditions for Sudden Valley, in Bellingham WA for February, 2008

The following is a quick analysis of the Residential Bellingham real estate market by Michael Eisenberg of Fairhaven Realty. 

• There are currently 101 homes for sale.
• Homes are priced from $149,000 - $888,000
• Average Asking Price is $339,059
• Average Days on Market are 108 days (or about 4 months) 
• Median Asking Price is $313,000 
• Median Days on Market are 62days
• 4 Homes went Pending this week
• 9 Homes sold last in February
• Average Listing Price $262,656
• Average Sold Price $259,633
• Average Days on the Market 100
• Median Listing Price $259,000
• Median Sold Price $255,000
• Median Days on Market 124

Buyers: Interest rates are still low making now is a good time to get in the market. There are plenty of homes to choose from and lots have been on the market a long time so there are some motivated sellers out there who need to sell their homes.

Sellers: There is still a lot of competition right now and if you don't want your home to sit on the market without an offer here are a few bits of advise:

• The most important thing you can do is price your home right, have your real estate agent do a CMA and price your home aggressively, that is in the lower range of similar homes if you want a quick sale
• Hava a pre-inspection done to your home and fix any problems
• Give your home curb appeal
• Offer a Home Warranty if it is an older home
• Get rid of clutter, start clearing out your things, even if you have to put them in storage.
• Think about staging your home, get advise from a staging professional or at least your agent.

If you would like some info about Sudden Valley real estate or living in Sudden Valley visit my website at BellinghamProperty.com or give me a call.