Bellingham Real Estate Blog

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Blaine - Birch Bay Real Estate Market Report for May 2009

 

Blaine Real Estate Chart

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  
  • Average Sales Price May 2008: $125,000
  • Median Sales Price May 2008: $107,000
  • Sold in May 2008: 5
  • 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.

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