Bellingham Real Estate Blog

Real Estate Market Report/Conditions for Bellingham, WA for March, 2008

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

• Currently Active Listings: 561  
• Average List Price $492,632   Days on the Market:  110
• Median List Price: $385,000   Days on the Market:   69 
• Sold in March: 78
• Average List Price: $355,911 
• Average Sales Price: $344,700
• Ratio of List to Price: 96.8%    Days on the Market: 94
• Median ListPrice: $298,500
• Median Sales Price: $298,475   Days on the Market: 50
• Ratio of List to Price: 99.9%
• Pending Sales Last Week: 18

  Condo Analysis for Bellingham

• Currently Active Listings: 324
• Average List Price $281,958    Days on the Market:  206
• Median List Price $207,400     Days on the Market:  124
• Sold in March: 32
• Average List Price: $252,888
• Average Sales Price: $248,003    Days on the Market: 187
• Ratio of List to Price: 98.1%
• Median List Price: $198,260
• Median Sales Price: $194,998   Days on the Market: 71
• Ratio of List to Price: 98.4%
• Pending Sales Last Week: 8

Buyers:Interest rates are still low making now is a good time to get in the market. There are still 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. More homes will most likely be coming on the market in the coming months as spring and summer arrive.

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
• Have 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 Bellingham real estate or living in Bellingham visit my website at BellinghamProperty.com or give me a call. 

Things are still looking pretty good for Lynden Real Estate this month. The average sales price is up 17.4% over last year, median price went up on astounding 19.3% compared to last February. The average price is down 13.3% from February while the median is up 13.1% from February. The number of sales is down 1 compared to last year and days on market is upcompared to last year.

more information about Lynden Real Estate or Lynden Real Estate statistics visit my website at BellinghamProperty.com

 Lynden Real Estate Market Report for March, 2008

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

• There are currently 155 homes for sale.
• Homes are priced from $184,995 - $1,790,000
• Average Asking Price is $417,273  Days on Market are 112 days (or about 3 months)
• Median Asking Price is $337,500    Days on Market are 68 days
• Homes Pending this week: 4 
• Homes sold in March: 15 
• Average Listing Price $333,167
• Average Sold Price $326,910       Days on the Market 132
• Median Listing Price $315,000
• Median Sold Price $312,500        Days on Market 87

Condo Analysis for Lynden

• There are currently 40 condos for sale. 
• Condos are priced from $127,500 - $409,950
• Average List Price $220,980    Days on the Market:  126
• Median List Price $227,427     Days on the Market:   72
• Condos Sold in March: 3
• Average List Price: $228,417
• Average Sales Price: $219,000 Days on the Market: 185
• Median List Price: $248,800
• Median Sales Price: $240,000    Days on the Market: 176
• Pending Sales Last Week: 0

Buyers: Interest rates are still low making now is a good time to get in the market. There are still 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. More homes will most likely be coming on the market in the coming months as spring and summer arrive.

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
• Have 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. 

Here is a graphic form of the Sudden Valley real estate market for last month, average sales price is down 13% compared to last year, median price went down 8% compared to last March. The average price is up 4.1% from February while the median is almost the same as last month. The number of sales is down by 3 compared to last year, or 15%. The days on the market is up significantly from last year.

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

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

The following is a quick analysis of the Residential Bellingham real estate market in Sudden Valley.

There are currently 106 homes for sale.

• Homes are priced from $149,000 - $888,000
• Average Asking Price is $349,279
• Average Days on Market are 107 days (or about 4 months) 
• Median Asking Price is $327,000 
• Median Days on Market are 59 days
• 5 Homes went Pending this week
• 16 Homes sold last in March
• Average Listing Price $277,081
• Average Sold Price $270,363
• Average Days on the Market 142
• Median Listing Price $262,700
• Median Sold Price $254,000
• Median Days on Market 122

Buyers:Interest rates are still low making now is a good time to get in the market. There are still 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. More homes will most likely be coming on the market in the coming months as spring and summer arrive.

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
• Have 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.