The Sehome neighborhood Market Statistics for the month of December shows the active, pending & sold homes in the Sehome area of Bellingham Real Estate Market. Whether you are wishing to sell or invest in a house this month, the provided information below will help you in making the right decision.
Sehome Neighborhood Residential Statistics
December Active Listings 4 Pending Sales 0 Homes sold in the last 30 days 2 Absorption Rate 2 Months Activity Index - Average SP % LP 83.98 %
In the Sehome Neighborhood, 4 homes are for sale, no home is on pending (under contract with mutual acceptance b/t buyer & seller) & 2 homes sold during the month of December '09.
Here's a breakdown of the activity in the Sehome Neighborhood for the past month.
Homes for Sale |
No pending sales
|
Sold Homes |
|
Median Price | $243,250 |
$304,000 | |
Average DOM's | 74 |
57 |
|
Average Sq.ft | 1845 | 2816 | |
Bank Owned | (1) Bank Owned |
none |
|
Short Sales |
none |
none |
Included in this report is the Sehome neighborhood distressed properties. More likely than not these properties has an impact on the 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 in a non-distressed transaction & thus, have a declining effect on the neighborhood market, as well as, over all the Bellingham real estate market.
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. |
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