The following is a quick analysis of the Lynden real estate market.
- There are currently 147 homes for sale.
- Homes are priced from $170,000 - $1,100,000
- Average Asking Price; $382,631 Days on Market are 122 days
- Median Asking Price: $349,900 Days on Market are 77 days
- Homes sold in June: 15
- Average Listing Price $275,230
- Average Sold Price $266,700 Days on the Market 161
- Median Listing Price $269,900
- Median Sold Price $266,000 Days on Market 175
- Homes Pending last week: 9 Total Homes Pending: 21
The Average Sales price is down 17.3% compared to June 08 and down .6% compared to May 09.
The Median Sales prices is down 19.4% compared to June 08 and down 6.7% compared to May 09.
The number of sales is down by 6 compared to June 08 and is up by 5 compared to last month May 09.
Condo Analysis for Lynden
- There are currently 44 condos for sale.
- Condos are priced from $141,000 - $419,000
- Average List Price $238,862 Days on the Market: 183
- Median List Price $234,225 Days on the Market: 120
- Condos Sold in June: 1
- Average List Price: $309,000
- Average Sales Price: $290,000 Days on the Market: 21
- Median List Price: $309,000
- Median Sales Price: $290,000 Days on the Market: 21
- Pending Sales Last Week: 1 Total Condos Pending: 2
The Average Sales price is up 49.1% compared to June 08 and up 31.7% compared to May 09.
The Median Sales prices is up 49.1% compared to June 08 and up 31.7% compared to May 09.
The number of sales is down by 1 compared to June 08 and is down by 1 compared to last month May 09.
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.
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