The South Hill neighborhood market statistics for September reflect the active, pending, & sold homes in the South Hill 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 15 homes for sale in the South Hill neighborhood, 5 homes that are pending (under contract with mutual acceptance b/t buyer & seller) & 2 properties that have sold during the month of September 09' in the South Hill neighborhood in Bellingham, WA.
Here's a breakdown of the activity in the South Hill Neighborhood for the past month.
South Hill Neighborhood Homes for Sale - (*links will expire in 30 days)
- Median Price is $499,900
- Average Market time: 141 days
- Average Sq.ft: 2616
- South Hill Bank Owned Real Estate for Sale (0)
- South Hill Short Sales for Sale (0)
- South Hill Estate Sales for Sale (0)
South Hill Neighborhood Pending Sales - (*links will expire in 30 days)
- Median Price is $625,000
- Average Market time: 109 days
- Average Sq. Ft: 2361
- South Hill pending Bank Owned Real Estate (0)
- South Hill pending Short Sales (0)
- South Hill pending Estate Sales (0)
South Hill Neighborhood Sold Homes - September 09' (*links will expire in 30 days)
- Median home price is $486,250
- Average Market time: 225 days
- Average Sq. Ft: 2455
- South Hill Bank Owned Real Estate (0)
- South Hill Short Sales (0)
- South Hill Estate Sales (0)
I include South Hill 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 South Hill Neighborhood in the last 18 months.*
Median Price
The Chart below compares the historic median price of sold and active inventory in the South Hill neighborhood.
Neighborhood Inventory
Neighborhood inventory is the number of active properties on the market and the number of homes sold in the South Hill neighborhood.
South Hill Neighborhood Residential Statistics
|
|
September |
|
Active Listings |
15 |
|
Pending Sales |
5 |
|
Homes sold in the last 30 days |
2 |
|
Absorption Rate |
7.5 Months |
|
Activity Index |
3 Months |
|
Average SP % LP |
95.81% |
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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