Bellingham Real Estate Blog

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

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

There are currently 145 homes for sale. Homes are priced from $139,000 - $1,299,000

• Average Asking Price is $345,074    Average Days on Market are 124 days
• Median Asking Price is $309,000       Median Days on Market are 103 days
• 0 Homes went Pending this week
• 13 Homes sold in August
• Average Listing Price $290,054        
• Average Sold Price $285,946           Average Days on the Market 79
• Median Listing Price $275,000
• Median Sold Price $273,000          Median Days on Market 59

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 many homes 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
• 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. 

Ferndale Real Estate Market Report for August, 2008

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

• There are currently 248 homes for sale.
• Homes are priced from $112,500 - $1,950,000
• Average Asking Price is $438,312 Days on Market are 97 days 
• Median Asking Price is $369,000   Days on Market are 72 days
• Homes Pending this week: 1
• Homes sold in August: 23
• Average Listing Price $378,460 
• Average Sold Price $366,950       Days on the Market 88
• Median Listing Price $329,900
• Median Sold Price $325,000      Days on Market 88

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.

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. 

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

• There are currently 326 homes for sale.
• Homes are priced from $94,900 - $3,500,000
• Average Asking Price is $473,399      Average Days on Market are 147 days
• Median Asking Price is $337,000        Median Days on Market are 95  days
• 30 Homes sold in August
• Average Listing Price $325,857
• Average Sold Price $303,364        Average Days on the Market 108
• Median Listing Price 259,900
• Median Sold Price $254,500         Median Days on Market 77
• 6 Homes went Pending this week

As you can easily see there is still quite a large discrepancy between the average price for a home presently on the market a $473,399 and the average sold price last month of $303,364. 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 August, 2008

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

• There are currently 149 homes for sale.
• Homes are priced from $169,800 - $1,440,000
• Average Asking Price is $405,161 Days on Market are 118 days 
• Median Asking Price is $354,900    Days on Market are 101 days
• Homes sold in August: 10
• Average Listing Price $283,810
• Average Sold Price $275,590       Days on the Market 78
• Median Listing Price $249,900
• Median Sold Price $247,500      Days on Market 59
• Homes Pending last week: 3

Condo Analysis for Lynden

• There are currently 30 condos for sale. 
• Condos are priced from $129,900 - $409,950
• Average List Price $232,772   Days on the Market:  148
• Median List Price $233,450     Days on the Market: 107
• Condos Sold in August: 8
• Average List Price: $190,350
• Average Sales Price: $185,527   Days on the Market:  115 
• Median List Price: $204,975
• Median Sales Price: $202,000    Days on the Market: 99
• Pending Sales Last Week: 0

Buyers: Interest rates are still low making now  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. 

Bellingham author Clyde Ford is an innovator.  

At 7pm Tues., Sept. 2, at The Leopold Crystal Ballroom, Ford will begin his national book tour of Precious Cargo and will be preseting a 20-minute special features video narrated by Morgan Freeman and features readings by Ruby Dee and by Roscoe Orman, who's best known as Gordon on "Sesame Street," and by Swil Kanim, the Lummi actor, storyteller and violinist who starred in Sherman Alexie's movie "The Business of Fancydancing."

The video isn't a movie version of the book. It is something new and innovative.

Ford wants to encourage readers. "We're in danger of losing a generation of potential readers," Ford said. "I wanted to show that a book was every bit as engaging as a film."

The story takes place in Northwest Washington and Clyde Ford takes the reader on a journey in this beautiful part of the world. His website is another of his innovations connecting readers to places in the story through Google Earth.

We are fortunate to have Clyde Ford living here among us.