Real Estate Market Report/Conditions for Ferndale, WA for February, 2008

The following is a quick analysis of theFerndale Real Estate Residential  market by Michael Eisenberg of Fairhaven Realty. 

  • There are currently 182 homes for sale.
  • Homes are priced from $90,000 - $1,350,000
  • Average Asking Price is $396,204
  • Average Days on Market are 95 days (or about 3 months)
  • Median Asking Price is $350,000
  • Median Days on Market are 52 days
  • 7 Homes went Pending this week
  • 27 Homes sold last in January
  • Average Listing Price $307,650
  • Average Sold Price $299,411
  • Average Days on the Market 138
  • Median Listing Price $315,000
  • Median Sold Price $304,000
  • Median Days on Market 102

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.

If you would like some info about Ferndale real estate or living in Ferndale visit my website at BellinghamProperty.com or give me a call. 

 

   
 

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Michael Eisenberg Bellingham Real Estate Broker

Bellingham, WA

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