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Blaine Real Estate Market Report for June, 2009

By
Real Estate Agent with eXp Realty

 

Blaine Real Estate Chart

 

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

  • There are currently 272  homes for sale.
  • Homes are priced from $89,900- $6,995,000
  • Average Asking Price $513,041        Days on Market: 135 days
  • Median Asking Price $382,500         Days on Market: 80 days
  • Homes sold in June: 22
  • Average Listing Price $312,468
  • Average Sold Price $296,115      Days on Market 67
  • Median Listing Price $229,495
  • Median Sold Price $226,050           Days on Market: 33
  • Homes Pending this week: 8    Total Homes Pending: 66

     

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

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

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

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

Condo Analysis for Blaine/Birch Bay 

  • Currently Active Listings: 124
  • Price range of active listings - $20,000 - $1,249,000
  • Average List Price $339,273         Days on Market: 168
  • Median List Price $283,930           Days on Market: 148
  • Sold in June: 4
  • Average Listing Price $169,540
  • Average Sold Price $153,250             Days on Market: 214 
  • Median Listing Price $92.250
  • Median Sold Price $79,000               Days on Market: 208
  • Condos Pending this week: 2    Total Condos Pending: 11  
  • Average Sales Price June 2008: $125,000
  • Median Sales Price June 2008: $107,000
  • Sold in June 2008: 5

    Once again it is hard to compare Blaine condo sales, June saw 3 small manufactured homes in Latitude 49 which are condo units all under $100,000 and one $400,000 unit at Grand Bay Condos in Birch Bay..

     
  • Comments(1)

    Steven L. Smith
    King of the House Home Inspection, Inc. - Bellingham, WA
    Bellingham WA Home Inspector

    Michael,

    Thanks again for taking the time to do another market report.

    Jul 09, 2009 10:40 AM