Whatcom County Real Estate Market Report for January, 2008

The following is a quick analysis of the Whatcom County real estate market by Michael Eisenberg of Fairhaven Realty. 

• There are currently 1391 homes for sale.
• Homes are priced from $30,000 - $4,799,000
• Average Asking Price is $433,788
• Median Asking Price is $339,500
• Average Days on Market are 120 days (or about 4 months)
• 44 Homes went Pending this week
• 128 Homes sold last in January
• Average Listing Price $336,924
• Average Sold Price $321,007
• Average Days on the Market 102
• Median Listing Price $274,450
• Median Sold Price $269,950
• Median Days on Market 72

Buyers: Interest rates are still low making now is a good time to get in the market. There are 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
• Hava 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.

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