Lynden Real Estate Market Report for June, 2009

By
Real Estate Agent with eXp Realty

The following is a quick analysis of the Lynden real estate market.

Lynden Real Estate Graph

  • There are currently 147 homes for sale.
  • Homes are priced from $170,000 - $1,100,000
  • Average Asking Price; $382,631       Days on Market are 122 days 
  • Median Asking Price:  $349,900 Days on Market are  77 days
  • Homes sold in June: 15
  • Average Listing Price $275,230
  • Average Sold Price $266,700        Days on the Market 161
  • Median Listing Price $269,900
  • Median Sold Price $266,000                Days on Market 175
  • Homes Pending last week: 9     Total Homes Pending: 21
  • Average Sales Price June 2008: $322,617      137 Dom
  • Median Sales Price June 2008: $329,900        84 Dom
  • Sold in June 2008: 21

    The Average Sales price is down 17.3% compared to June 08 and down .6% compared to May 09.
    The Median Sales prices is down 19.4% compared to June 08 and down 6.7% compared to May 09.
    The number of sales is down by 6 compared to June 08 and is up by 5  compared to last month May 09.

    Condo Analysis for Lynden

    • There are currently 44 condos for sale
    • Condos are priced from $141,000 - $419,000
    • Average List Price $238,862       Days on the Market: 183
    • Median List Price   $234,225       Days on the Market: 120
    • Condos Sold in June: 1
    • Average List Price: $309,000
    • Average Sales Price: $290,000   Days on the Market: 21
    • Median List Price: $309,000
    • Median Sales Price: $290,000   Days on the Market: 21
    • Pending Sales Last Week: 1    Total Condos Pending: 2
  • Average Sales Price June 2008: $194,450     Dom 53
  • Median Sales Price June 2008: $194,450     Dom 53
  • Sold in June 2008: 2

    The Average Sales price is up 49.1% compared to June 08 and up 31.7% compared to May 09.
    The Median Sales prices is up 49.1% compared to June 08 and up 31.7% compared to May 09.
    The number of sales is down by 1 compared to June 08 and is down by 1 compared to last month May 09.

  • The Average Sales price is up 3.1% compared to May 08 and up 6.1% compared to April 09.

    The Median Sales prices is up 2.5% compared to May 08 and up 22.3% compared to April 09.

    The number of sales is down by 4 compared to May 08 and is down by 1 compared to last month April 09.

    Buyers: Interest rates are still low making now is a good time to get in the market. There are still 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
    • 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 Lynden real estate or living in Lynden visit my website at BellinghamProperty.com or give me a call. 

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