Bellingham Real Estate Blog

Lynden Real Estate Market Report for June, 2008

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

• There are currently 164 homes for sale.
• Homes are priced from $179,000 - $1,440,000
• Average Asking Price is $403,019  Days on Market are 103 days 
• Median Asking Price is $359,450     Days on Market are 77 days
• Homes sold in June: 20
• Average Listing Price $326,873
• Average Sold Price $320,048         Days on the Market 142
• Median Listing Price $324,450 
• Median Sold Price $324,450        Days on Market 85
• Homes Pending last week: 4 

Condo Analysis for Lynden

• There are currently 36 condos for sale. 
• Condos are priced from $134,900 - $409,950
• Average List Price $234,875    Days on the Market:  128
• Median List Price $228,475     Days on the Market:   81
• Condos Sold in June: 2
• Average List Price: $194,900 
• Average Sales Price: $194,450  Days on the Market:  53 
• Median List Price: $194,900 
• Median Sales Price: $194,450     Days on the Market: 53
• Pending Sales Last Week: 3

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. 

The following is a quick analysis of the Blaine  real estate market for June 2008.

• There are currently 338 homes for sale.
• Homes are priced from $79,900 - $3,500,000
• Average Asking Price is $461,811
• Average Days on Market are 123 days
• Median Asking Price is $329,450
• Median Days on Market are 83 days
• 20 Homes sold in June
• Average Listing Price $342,455
• Average Sold Price $327,619
• Average Days on the Market 85
• Median Listing Price $279,500
• Median Sold Price $272,500
• Median Days on Market 57
• 11 Homes went Pending this week

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. 

 Ferndale Real Estate Market Report for June, 2008

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

• There are currently 230 homes for sale.
• Homes are priced from $112,500 - $1,950,000
• Average Asking Price is $446,486  Days on Market are 99 days (or about 3 months)
• Median Asking Price is $380,000   Days on Market are 73 days
• Homes Pending this week: 6
• Homes sold in June: 20 
• Average Listing Price $305,029 
• Average Sold Price $295,995        Days on the Market 84
• Median Listing Price $269,900 
• Median Sold Price $266,700       Days on Market 83

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 Ferndale real estate or living in Lynden visit my website at BellinghamProperty.com or give me a call. 

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

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

There are currently 146 homes for sale. Homes are priced from $169,000 - $1,299,000

• Average Asking Price is $355,505 
• Average Days on Market are 112days (or about 3 1/2 months) 
• Median Asking Price is $332,667 
• Median Days on Market are 77 days
• 3 Homes went Pending this week
• 8 Homes sold in June
• Average Listing Price $297,788 
• Average Sold Price $281,313 
• Average Days on the Market 97
• Median Listing Price $275,000 
• Median Sold Price $256,250 
• Median Days on Market 71

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. 

This months average sales price is up a surprising 15.3% over last year, median price went down 3.0% compared to last June. The average price is up from May by 18.8% while the median is down a bit at 4.6% from last month. The number of sales is down by 13 compared to last year,and the days on the market is actually lower 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

This months average sales price is up 2.9% compared to last year, while median price went up 4.0%.

The average price is up a whopping 17.5% from last month while the median is up 4.9% from May.

The number of sales is down considerably compared to last year by about 1/3, this sure seems to be continuing the trend so far this year.

We have been on this roller coaster ride here in Bellingham in terms of prices rising and falling from month to month, but so far the overall trend has been rising, I think the prices will continue to climb in this beautiful part of the world.

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 Bellingham, WA for J:une, 2008

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

• Currently Active Listings: 656
• Price range of active listings - $160,000 - $3,9000,000
• Average List Price $521,188   Days on the Market:  102
• Median List Price: $381,450  Days on the Market:   65
• Sold in June: 98
• Average List Price: $412,111 
• Average Sales Price: $404,082
• Ratio of List to Price: 98.1%    Days on the Market: 72
• Median ListPrice: $339,450
• Median Sales Price: $337,725   Days on the Market: 39
• Ratio of List to Price: 98.6%
• Pending Sales Last Week: 43   The NWMLS has changed the way they define pending last week

   Condo Analysis for Bellingham

• Currently Active Listings: 331
• Price range of active listings - $116,000 - $1,675,000
• Average List Price $280,813 Days on the Market:  194
• Median List Price $219,500     Days on the Market: 101
• Sold in June: 32
• Average List Price: $254,774 
• Average Sales Price: $244,139    Days on the Market: 141
• Ratio of List to Price: 95.8%
• Median List Price: $189,900 
• Median Sales Price: $189,900     Days on the Market: 76
• Ratio of List to Price: 100%
• Pending Sales Last Week: 6

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. 

Boulevard Park will be the site this  Saturday, for the landing of the Tribal Canoes,  as part of the annual tribal canoe journey that gathers July 28 at Cowichan, B.C., on Vancouver Island.

Saturday's event will begin at 2 p.m. with music and displays by native vendors. Canoe landings will be about 4 p.m. Traditional tribal songs and dances will follow at about 5:30 p.m. Canoes from Samish, Swinomish, Nooksack, and Lummi will participate.

The last canoe journey was at the Lummi Nation's Stommish grounds for several days of music, feasting and ceremony last summer, I was able to attend the event last year and watch several dances and see the amazing canoes from all around the northwest.