Sehome Neighborhood Market Statistics - Bellingham Real Estate
The Sehome neighborhood market statistics for October reflect the active, pending, & sold homes in theSehome area of Bellingham Real Estate market. You can use this information to help with pricing a property you might wish to sell or to help you determine value for a home you may be looking to buy.
There are currently 4homes for salein theSehomeneighborhood, 1 home that is pending (under contract with mutual acceptance b/t buyer & seller), & no property has been sold during the month of October09' in theSehome neighborhood in Bellingham, WA.
Here's a breakdown of the activity in the Sehome Neighborhood for the past month.
No Sold Homes in the Sehome Neighborhood for October 09' (*links will expire in 30 days)
I include theSehome neighborhood distressed properties in the market reports because they have an impact onprices inthe neighborhood. If a given neighborhood has 5 distressed properties out of 6 sales, you canpretty muchguaranteethat the sales pricesare going to be lower than a in a non-distressed transaction& thus, have a declining effect on the neighborhood market, as well as, the over Bellingham real estate market.
*Below are charts showing changes in median price & number of homes in the Sehome Neighborhood in the last 18 months.*
Median Price
The Chart below compares the historic median price of sold and active inventory in the Sehome neighborhood.
Neighborhood Inventory
Neighborhood inventory is the number of active properties on the market and the number of homes sold in the Sehome neighborhood.
Sehome Neighborhood Residential Statistics
October
Active Listings
4
Pending Sales
1
Homes sold in the last 30 days
0
Absorption Rate
-
Activity Index
4 Months
Average SP % LP
-
Tara is a full time real estate consultant in Whatcom & Skagit Counties. As a marketing specialist she helps clients sell quicker with strategic pricing and aggressive marketing. Buyers, gain a better return on your money by buying right in this market. Tara can help you analyze properties based on your goals and exit strategy. She specializes in bank owned homes & short sales, and is familiar with the nuances of these transactions. Whatever you need/goals in todays market, find a good agent to help, educate, & empower you.
Whatcom Falls Neighborhood Market Statistics - Bellingham Real Estate
The Whatcom Falls neighborhood market statistics for October reflect the active, pending, & sold homes in theWhatcom Falls area of Bellingham Real Estate market. You can use this information to help with pricing a property you might wish to sell or to help you determine value for a home you may be looking to buy.
There are currently 8homes for salein theWhatcom Fallsneighborhood, 7 homes that are pending (under contract with mutual acceptance b/t buyer & seller), & 5 properties that have sold during the month of October09' in theWhatcom Falls neighborhood in Bellingham, WA.
Here's a breakdown of the activity in the Whatcom Falls Neighborhood for the past month.
I include theWhatcom Falls neighborhood distressed properties in the market reports because they have an impact onprices inthe neighborhood. If a given neighborhood has 5 distressed properties out of 6 sales, you canpretty muchguaranteethat the sales pricesare going to be lower than a in a non-distressed transaction& thus, have a declining effect on the neighborhood market, as well as, the over Bellingham real estate market.
*Below are charts showing changes in median price & number of homes in the Whatcom Falls Neighborhood in the last 18 months.*
Median Price
The Chart below compares the historic median price of sold and active inventory in the Whatcom Falls neighborhood.
Neighborhood Inventory
Neighborhood inventory is the number of active properties on the market and the number of homes sold in the Whatcom Falls neighborhood.
Whatcom Falls Neighborhood Residential Statistics
October
Active Listings
8
Pending Sales
7
Homes sold in the last 30 days
5
Absorption Rate
1.6 Months
Activity Index
1 Month
Average SP % LP
96.51%
Tara is a full time real estate consultant in Whatcom & Skagit Counties. As a marketing specialist she helps clients sell quicker with strategic pricing and aggressive marketing. Buyers, gain a better return on your money by buying right in this market. Tara can help you analyze properties based on your goals and exit strategy. She specializes in bank owned homes & short sales, and is familiar with the nuances of these transactions. Whatever you need/goals in todays market, find a good agent to help, educate, & empower you.
Whatcom County Market Statistics for October '09 - New Construction Residential
New Construction listings in Whatcom County have declined year-over-year, which makes sense, since prices have declined, lending has tightened, and the demand has decreased. The number of closed sales is down by about 30% and the median sales prices is down about 9%, which is consistent with the overall Whatcom County RE market.
Tara is a full time real estate consultant in Whatcom & Skagit Counties. As a marketing specialist she helps clients sell quicker with strategic pricing and aggressive marketing. Buyers, gain a better return on your money by buying right in this market. Tara can help you analyze properties based on your goals and exit strategy. She specializes in bank owned homes & short sales, and is familiar with the nuances of these transactions. Whatever you need/goals in todays market, find a good agent to help, educate, & empower you.
Mt. Baker/Deming New Construction Residential Market Statistics for October '09
Tara is a full time real estate consultant in Whatcom & Skagit Counties. As a marketing specialist she helps clients sell quicker with strategic pricing and aggressive marketing. Buyers, gain a better return on your money by buying right in this market. Tara can help you analyze properties based on your goals and exit strategy. She specializes in bank owned homes & short sales, and is familiar with the nuances of these transactions. Whatever you need/goals in todays market, find a good agent to help, educate, & empower you.
NookSac New Construction Residential Market Statistics for October '09
The Village of Nooksac, which is a Himalaya Homes development in NookSac, greatly impacted the numbers above because the statistics mostly reflect the new homes in this developement. While prices dramatically decreased in the development, the number of home sales increased significantly, which means they were priced right. Good job on the pricing & marketing Mike Swanson of the Muljat Group!
Tara is a full time real estate consultant in Whatcom & Skagit Counties. As a marketing specialist she helps clients sell quicker with strategic pricing and aggressive marketing. Buyers, gain a better return on your money by buying right in this market. Tara can help you analyze properties based on your goals and exit strategy. She specializes in bank owned homes & short sales, and is familiar with the nuances of these transactions. Whatever you need/goals in todays market, find a good agent to help, educate, & empower you.
Ferndale New Construction Residential Market Statistics for October '09
Although the number of new construction homes decreased in Ferndale in 09' the prices have declined over 12% and the number of days on market has increased dramatically. Closed sales are down over 40%, which could also impact future prices.
Tara is a full time real estate consultant in Whatcom & Skagit Counties. As a marketing specialist she helps clients sell quicker with strategic pricing and aggressive marketing. Buyers, gain a better return on your money by buying right in this market. Tara can help you analyze properties based on your goals and exit strategy. She specializes in bank owned homes & short sales, and is familiar with the nuances of these transactions. Whatever you need/goals in todays market, find a good agent to help, educate, & empower you.
The Sudden Valley Market has seen fewer new home listings in 09' compared to 08', this is most likely a result of sellers holding off on putting their property on the market in hopes of the market improving, however, Sudden Valley has seen a decline of about 8.5% in home values since 08'. If you're looking to sell, pricing is key, price your property strategically based on your competition. The Sudden Valley market decline & the 1st time home buyer tax credit has brought more buyers into the market place with a few more sales in 09' than 08', although days on market for the area is about 15 days longer.
Tara is a full time real estate consultant & marketing specialist in Bellingham. As a buyer's agent she specializes in finding under-valued properties: good deals, bank owned real estate, short sales, motivated sellers, etc. As a Seller's agent, your home will reach millions of buyers via internet, virtual tours, and target marketing in order to sell your property in the least amount of time for fair market value. She is well versed in real estate values, finance, and negotiation. Whether you're looking to relocate, buy, sell, or invest you're in good hands with Tara.
Edgemoor Neighborhood Market Statistics - Bellingham Real Estate
The Edgemoor neighborhood market statistics for October reflect the active, pending, & sold homes in the Edgemoor area of the Bellingham Real Estate market. You can use this information to help with pricing a property you might wish to sell or to help you determine value for a home you may be looking to buy.
There are currently 13 homes for sale in the Edgemoorneighborhood, 5 homes that are pending (under contract with mutual acceptance b/t buyer & seller), & 1 property that has been sold during the month of October 09' in the Edgemoor neighborhood in Bellingham, WA.
Here's a breakdown of the activity in the Edgemoor Neighborhood for the past month.
I include the Edgemoor neighborhood distressed properties in the market reports because they have an impact on prices in the neighborhood. If a given neighborhood has 5 distressed properties out of 6 sales, you can pretty much guarantee that the sales prices are going to be lower than a in a non-distressed transaction & thus, have a declining effect on the neighborhood market, as well as, the over Bellingham real estate market.
*Below are charts showing changes in median price & number of homes in the Edgemoor Neighborhood in the last 18 months.*
Median Price
The Chart below compares the historic median price of sold and active inventory in the Edgemoor neighborhood.
Neighborhood Inventory
Neighborhood inventory is the number of active properties on the market and the number of homes sold in the Edgemoor neighborhood.
Edgemoor Neighborhood Residential Statistics
October
Active Listings
13
Pending Sales
5
Homes sold in the last 30 days
1
Absorption Rate
13 Months
Activity Index
2.5 Months
Average SP % LP
91.07 %
Tara is a full time Realtor in Bellingham, WA. As a buyer's agent she specializes in finding you under-valued properties: good deals, bank owned real estate, short sales, estate sales, etc. As a Seller's agent your home will reach millions of buyers via internet, virtual tours, and target marketing to buyers looking to buy a property like yours. She is well versed in real estate values, finance, and negotiation. Whether you're looking to relocate, buy, sell, or invest you're in good hands with Tara.
As you can see from the charts here, sales in Whatcom County year-over-year are down around 9% compared to last year. Inventory of homes is low, which increases demand and helps to stabilize prices a bit, but as you can see prices are around 7% lower year-over-year. Although inventory is low, it could be due to more competitive pricing and the feeding frenzy created by the previous 1st time tax credit deadline. None-the-less low inventory creates demand which leads to faster stabilization.
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Tara is a full time real estate consultant in Whatcom & Skagit Counties. As a marketing specialist she helps sellers looking for optimal exposure for their property with a competitive marketing plan. With a keen understanding of market conditions & real estate values she can also help with finding you that good deal that you're looking for. She specializes in bank owned homes & short sales and is quite familiar with the nuances of these transactions. Give her a call to chat about your real estate goals.
The Fairhaven neighborhood market statistics for September reflect the active, pending, & sold homes in the Fairhaven area of Bellingham Real Estate market. You can use this information to help with pricing a property you might wish to sell or to help you determine value for a home you may be looking to buy.
There are currently 7 homes for sale in the Fairhavenneighborhood, 2 homes that are pending (under contract with mutual acceptance b/t buyer & seller) & 1 property that has been sold during the month of September 09' in the Fairhaven neighborhood in Bellingham, WA.
Here's a breakdown of the activity in the Fairhaven Neighborhood for the past month.
Fairhaven Neighborhood Homes for Sale
Median Price is $549,000
Average Market time: 111 days
Average Sq.ft: 1824
Fairhaven Bank Owned Real Estate for Sale (0)
Fairhaven Short Sales for Sale (0)
Fairhaven Estate Sales for Sale (0)
Fairhaven Neighborhood Pending Sales
Median Price is $419,000
Average Market time: 72 days
Average Sq.ft: 2245
Fairhaven pending Bank Owned Real Estate (0)
Fairhaven pending Short Sales (0)
Fairhaven pending Estate Sales (0)
Fairhaven Neighborhood Sold Homes
Median home price is $115,000
Average Market time: 75 days
Average Sq.ft: 1292
Fairhaven Bank Owned Real Estate (0)
Fairhaven Short Sales (0)
Fairhaven Estate Sales (0)
I include Fairhaven neighborhood distressed properties in the market reports because they have an impact on prices in the neighborhood. If a given neighborhood has 5 distressed properties out of 6 sales, you can pretty much guarantee that the sales prices are going to be lower than a in a non-distressed transaction & thus, have a declining effect on the neighborhood market, as well as, the over Bellingham real estate market.
*Below are charts showing changes in median price & number of homes in the Fairhaven Neighborhood in the last 18 months.*
Median Price
The Chart below compares the historic median price of sold and active inventory in the Fairhaven neighborhood.
Neighborhood Inventory
Neighborhood inventory is the number of active properties on the market and the number of homes sold in the Fairhaven neighborhood.
Fairhaven Neighborhood Residential Statistics
September
Active Listings
7
Pending Sales
2
Homes sold in the last 30 days
1
Absorption Rate
7 Months
Activity Index
3.5 Months
Average SP % LP
89.15%
Tara is a full time Realtor in the Bellingham, WA. As a buyer's agent she specializes in finding you under-valued properties: good deals, bank owned real estate, short sales, estate sales, etc. As a Seller's agent your home will reach millions of buyers via internet, virtual tours, and target marketing to buyers looking to buy a property like yours. She is well versed in real estate values, finance, and negotiation. Whether you're looking to relocate, buy, sell, or invest you're in good hands with Tara.
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