Real Estate Market Report/Conditions for Bellingham, WA for September, 2008
The following is a quick analysis of the Residential Bellingham real estate market.
- Currently Active Listings: 594
- Price range of active listings - $138,900 - $3,575,000
- Average List Price $535,234 Days on the Market: 111
- Median List Price: $396,250 Days on the Market: 86
- Sold in September: 73
- Average List Price: $372,393
- Average Sales Price: $355,758
- Ratio of List to Price: 95.5% Days on the Market: 96
- Median ListPrice: $289,000
- Median Sales Price: $285,000 Days on the Market: 56
- Ratio of List to Price: 98.6%
- Pending Sales Last Week: 35
Condo Analysis for Bellingham
- Currently Active Listings: 264
- Price range of active listings - $99,900 - $1,565,000
- Average List Price $299,074 Days on the Market: 210
- Median List Price $222,400 Days on the Market: 154
- Sold in September: 34
- Average List Price: $227,237
- Average Sales Price: $219,677
- Ratio of List to Price: 96.7% Days on the Market: 149
- Median List Price: $202,400
- Median Sales Price: $194,750
- Ratio of List to Price: 96.2% Days on the Market: 110
- Pending Sales Last Week: 4
Buyers: Interest rates are still low making now may be a good time to get in the market, depending on your circumstances. There are still plenty of homes to choose from and many homes 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
- Have 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 Bellingham real estate or living in Bellingham visit my website at BellinghamProperty.com or give me a call.
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