Bellingham Real Estate Blog

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

• There are currently 137 homes for sale.
• Homes are priced from $184,000 - $1,100,000
• Average Asking Price; $363,285       Days on Market are 122 days 
• Median Asking Price:  $349,900       Days on Market are  80 days
• Homes sold in May: 10
• Average Listing Price $280,970
• Average Sold Price $268,400         Days on the Market 122
• Median Listing Price $297,450
• Median Sold Price $285,000                Days on Market 78
• Homes Pending last week: 9     Total Homes Pending: 21

 The Average Sales price is down 6.4% compared to May 08 and down 4.8% compared to April 09.

The Median Sales prices is up 10.7% compared to May 08 and down 21.3% compared to April 09.

The number of sales is down by 5 compared to May 08 and is down by 2  compared to last month April 09.

Condo Analysis for Lynden

• There are currently 45 condos for sale. 
• Condos are priced from $141,000 - $419,000
• Average List Price $235,363       Days on the Market:  169
• Median List Price   $229,950       Days on the Market:  105 
• Condos Sold in May: 2
• Average List Price: $219,950
• Average Sales Price: $220,200   Days on the Market:  163
• Median List Price: $219,950 
• Median Sales Price: $220,200   Days on the Market:  163 P
• Pending Sales Last Week: 1    Total Condos Pending: 2  

The Average Sales price is up 3.1% compared to May 08 and up 6.1% compared to April 09.

The Median Sales prices is up 2.5% compared to May 08 and up 22.3% compared to April 09.

The number of sales is down by 4 compared to May 08 and is down by 1 compared to last month April 09.

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 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 Whatcom County real estate market.

• There are currently 1586 homes for sale.
• Homes are priced from $16,000 - $6,995,000
• Average Asking Price $429,715       Days on Market: 126 days
• Median Asking Price $339,000        Days on Market: 77 days
• Homes sold in May: 152
• Average Listing Price $290,766
• Average Sold Price $281,527       Days on Market 92
• Median Listing Price $267,000
• Median Sold Price $260,320             Days on Market: 47
• Homes Pending this week: 66    Total Homes Pending: 434

• Average Sales Price May 2008: $300,903
• Median Sales Price May 2008: $263150
• Sold in May 2008: 180

 The Average Sales price is down 6.4% compared to May 08 and down 3.6% compared to last month.

The Median Sales prices is down 1.1% compared to May 08 and up 2.3% compared to last month.        

The number of sales is down by 28 or 15.6% compared to May 08 and up by 11 or 7.8% compared to last month.

Condo Analysis for Whatcom County

• Currently Active Listings: 503
• Price range of active listings - $24,900 - $1,565,000
• Average List Price $261,734       Days on Market: 192
• Median List Price $199,900           Days on Market: 120
• Sold in May: 18
• Average Listing Price $204,819
• Average Sold Price $194,661           Days on Market: 185
• Median Listing Price $204,750
• Median Sold Price $199,975              Days on Market: 163
• Condos Pending (went under contract) last week: 14    Total Condos Pending: 53  

• Average Sales Price May 2008: $206,989
• Median Sales Price May 2008: $196,975
• Sold in May 2008: 52

The Average Sales price is down by 6.0% compared to May 08, and down 17.8% over last month.

The Median Sales prices is up by 1.6% compared to May 08 and down by 11.3% over last month. 

The number of sales is down by 34 or 65% compared to May 08 and down by 6 or 25% compared to last month. 

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 Whatcom County real estate or living in Whatcom County send me an email or give me a call.

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

• There are currently 219 homes for sale.
• Homes are priced from $79,900 - $1,950,000
• Average Asking Price is $404,367    Days on Market are 115 days 
• Median Asking Price is $339,500       Days on Market are 73 days
• Homes sold in May: 19
• Average Listing Price $311,729
• Average Sold Price $295,480        Days on the Market 139
• Median Listing Price $289,900 
• Median Sold Price $289,900      Days on Market 85
• Homes Pending this week: 6    Total Homes Pending: 59

The Average Sales price is down 10.4% compared to May 08 and up 10.3% compared to April 09.

The Median Sales prices is down 0.7% compared to May 08 and up 9.0% compared to April 09.

The number of sales is down by 9 or 39% to May 08 and is up by 3 or 27.3% compared to last month April 09.

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. 

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

• There are currently 283  homes for sale.
• Homes are priced from $88,000- $6,995,000
• Average Asking Price $508,735        Days on Market: 135 days
• Median Asking Price $375,000         Days on Market: 79 days
• Homes sold in May: 14
• Average Listing Price $199,927 
• Average Sold Price $196,000      Days on Market 112
• Median Listing Price $184,900
• Median Sold Price $179,000           Days on Market: 15
• Homes Pending this week: 8    Total Homes Pending: 44

   

• Average Sales Price May 2008: $245,945
• Median Sales Price May 2008: $226,130
• Sold in May 2008: 23

 The Average Sales price is down 20.3% compared to May 08 and up 6.1% compared to April 09.

The Median Sales prices is down 20.8% compared to May 08 and down 10.1% compared to April 09.

The number of sales is down by 9 or 39% to May 08 and is up by 3 or 27.3% compared to last month April 09.

Condo Analysis for Blaine/Birch Bay 

• Currently Active Listings: 102
• Price range of active listings - $24,900 - $1,249,000
• Average List Price $348,722          Days on Market: 182
• Median List Price $300,000           Days on Market: 154
• Sold in April : 2
• Average Listing Price $234,450
• Average Sold Price $219,138             Days on Market: 230 
• Median Listing Price $234,450
• Median Sold Price $219,138               Days on Market: 230
• Condos Pending this week: 0    Total Condos Pending: 4  

It is pretty amazing looking at these numbers, the number of Blaine condo sales are pretty small, skewing the numbers as they have been the past few months.

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

• Currently Active Listings: 525
• Price range of active listings - $124,900 - $3,450,000
• Average List Price $536,937       Days on the Market: 116
• Median List Price: $409,000       Days on the Market: 73
• Sold in May: 82
• Average List Price: $321,191
• Average Sales Price: $313,104
• Ratio of List to Price: 97.5%      Days on the Market: 81
• Median List Price: $288,000
• Median Sales Price: $275,500     Days on the Market: 42
• Ratio of List to Price: 95.7%
• Pending Sales Last Week: 40     Total pending sales: 186

• Average Sales Price May 2008: $345,248
• Median Sales Price May 2008: $304,000
• Number Sold in May, 2008: 82

The Average Sales price is down 9.3% compared to May 08 and down 6.9% compared to last month April 09.

The Median Sales prices is the same as May 08 and up by 11 compared to April 09.

The number of sales is up down by 8 or 10% compared to May 08 and up by 16 or 29% compared to last month April 09.

Condo Analysis for Bellingham

• Currently Active Listings: 303
• Price range of active listings - $99,000 - $1,565,000
• Average List Price $248,205      Days on the Market: 199
• Median List Price $199,500       Days on the Market: 114
• Sold in May: 12
• Average List Price: $197,329
• Average Sales Price: $189,185
• Ratio of List to Price: 95.9% Days on the Market: 197
• Median List Price: $188,400
• Median Sales Price: $179,000
• Ratio of List to Price: 95.0% Days on the Market: 164
• Pending Sales Last Week: 7     Total pending sales: 34

• Average Sales Price May, 2008: $207,058
• Median Sales Price May, 2008: $198,975
• Sold in May, 2008: 34

Average Condo sale price is down 8.6% from May 2008 and down 35.5% from last month - April  2009

Median Sales Price is down 10,1% from May 2008 and up 18.1% from last month - April  2009

The number of condo sales is down by 22  compared to May 2008 and  down by 18 compared to last month - April 2009.

Prices are coming down in Bellingham, and there are some great values in the Bellingham market right now, and interest rates are still extremely low. You might want to take a look at what it would cost you to purchase one of these homes at today's rates. You might be surprised at what your monthly payments would be, maybe less than your paying for rent right now if you are renting a comparable sized house.

There is also a newly passed First Time Home Buyer's Tax Credit of $8,000 available to anyone who hasn't owned a home in the past 3 years. You might want to talk to your banker to see what you can afford.

If you have any questions or want to see any Bellingham Property feel free to email me at or give me a call at 360-739-6981

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

There are currently 117 homes for sale. Homes are priced from $110,000 - $995,000

• Average Asking Price is $336,076   Average Days on Market are 114 days
• Median Asking Price is $299,000    Median Days on Market are 61 days
• 5 Homes sold in May
• Average Listing Price $277,540
• Average Sold Price $271,091         Average Days on Market 48
• Median Listing Price $247,900
• Median Sold Price $230,500           Median Days on Market 43
• Pending Sales Last Week: 4 Total pending sales: 38

Condo Analysis for Sudden Valley

There are currently 8 condos for sale. Condos are priced from $89,500 - $299,900

• Average List Price $209,013         Average Days on the Market: 146
• Median List Price $209,950           Median Days on the Market: 96
• Sold in May: 0
• Pending Sales Last Week: 1  Total pending sales: 3

There are some great values in the Sudden Valley market right now, and interest rates are still extremely low. 

Don't forget about the First Time Home Buyer's Tax Credit of $8,000 available to anyone who hasn't owned a home in the past 3 years, ask your lender about using that tax credit for part of you downpayment or closing costs.

You might want to talk to your banker to see what you can afford. You might be surprised at what your monthly payments would be, maybe less than your paying for rent right now if you are renting a comparable sized house.

If you have any questions or want to see any Sudden Valley homes or condos feel free to email me or give me a call at 360-739-6981.