Real Estate Market Report/Conditions for Whatcom County,WA for August, 2008
The following is a quick analysis of the Residential Whatcom County real estate market.
- Currently Active Listings: 1799
- Homes are priced from $24,900 - $4,799,000
- Average List Price $453,414 Days on the Market: 117
- Median List Price: $349,900 Days on the Market: 82
- Sold in August: 186
- Average List Price: $363,465
- Average Sales Price: $347,875
- Ratio of List to Price: 95.7% Days on the Market: 85
- Median ListPrice: $289,450
- Median Sales Price: $281,500 Days on the Market: 67
- Ratio of List to Price: 97.2%
- Pending Sales Last Week: 44
Condo Analysis for Whatcom County
- Currently Active Listings: 449
- Condos are priced from $27,500 - $1,565,000
- Average List Price $289,992 Days on the Market: 179
- Median List Price $213,900 Days on the Market: 119
- Sold in August: 43
- Average List Price: $217,086
- Average Sales Price: $207,803 Days on the Market: 124
- Ratio of List to Price: 95.7%
- Median List Price: $185,000
- Median Sales Price: $180,000 Days on the Market: 99
- Ratio of List to Price: 97.9%
- Pending Sales Last Week: 9
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 of these 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 Whatcom County or Bellingham real estate or living in Whatcom County or Bellingham visit my website at BellinghamProperty.com or give me a call.
