|
Residential Only |
||
|
Total Active Listings |
1697 |
698 |
|
Avg List Price |
$462,030 |
$524,663 |
| Avg Sales Price | $340,100 | $379,751 |
|
AVG Days on Market |
119 |
115 |
|
Total Pending - |
249 |
112 |
|
Total Sold - Last 6 Months |
924 |
466 |
|
AVG Pending Price - |
$325,057 |
$356,387 |
|
AVG Sold Price - Last 6 Months |
$340,100 |
$379,024 |
|
AVG Pended Days on Market - |
99 |
93 |
|
AVG Sold Days on Market |
96 |
90 |
Tuesday, September 09, 2008
Whatcom County inventory is the same as last month with average prices declining slightly. Year over year, sales are down by about 33%.
The Bellingham residential market inventory is steady over last month and pending rates have declined by about 20%
What does all this mean?
It's a buyer's market, which means buyer's have more properties to choose from and greater negotiation power.
Seller's must so something to differentiate their property from all the others.
1. Offer Seller Concessions to help with down payment and closing cost. Contact me to find out how you can you, as a seller, can benefit from this.
2. Offer Creative Financing - This can be advantageous to all parties involved.
3. Pre-Inspect your home so that it's move-in ready.
The Great news for sellers is that interest rates have fallen dramatically and this should spur buyers to buy.
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