The Bellingham Washington real estate market is seeing a fair amount of movement This month. Since the beginning of October 2009, the following stats are what I found on the MLS data base for homes priced between $250,000 and $350,000. I picked this price range as it reflects the "meat" of the market for 1st time home buyers and slight"move up" market prices.
Between October 1, 2009 and October 26th, 2009 there were 70 transactions:
1) 30 new listings priced between $250k-$350k
2) 16 "pending" transactions between $250k-$350k
3) 24 "Sold" transactions between $250k-$350k.
The same period in 2008 had 21 sold homes, so there was a slight increase in traffic. A few interesting facts about the two different sold groups are that the price per sq. ft. hasn't changed very much ($176 per last year and $175 this year) but the "Days on Market" went from a 172 day average last year to only 83 this year!
Lets see how this compares in the coming months as I will do more comparisons soon!
Patrick Johnson, ABR E-pro
Windermere RE, Bellingham Washington.