Bellingham Real Estate Market Report for May, 2010

By
Real Estate Agent with eXp Realty

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

  • Currently Active Listings: 615
  • Price range of active listings - $69,500 - $3,600,000
  • Average List Price $479,519 Days on the Market: 107
  • Median List Price: $370,000
  • Sold in May: 93
  • Average Sales Price: $322,776 Days on the Market: 138
  • Median Sales Price: $271,000
  • Pending Sales in May: 61 Average List Price: $325,263 Days on the Market: 101
  • Average Sales Price  May, 2009: $303,529
  • Median Sales Price  May, 2009: $275,000
  • Sold in  May, 2009: 85

The Average Sales price is up 6.3% compared to  May, 09.

The Median Sales prices is down 1.5% compared May, 09.

The number of sales is up 12 compared to  May, 2009.

Condo Analysis for Bellingham

  • Currently Active Listings: 280   New Listings May: 42
  • Price range of active listings - $99,900 - $1,300,000
  • Average List Price $243,277 Days on the Market: 181
  • Median List Price $174,900 Days on the Market:
  • Sold in  May: 24
  • Average Sales Price: $267,750 Days on the Market: 168
  • Median Sales Price: $169,450
  • Pending Sales May: 21 Average List Price: $213,931 Days on the Market: 127
  • Average Sales Price  May, 2009: $184,555
  • Median Sales Price  May, 2009: $175,000
  • Sold in  May, 2009: 13

Average Condo sale price is up 45.1% from  May, 2009

Median Sales Price is up 3.2% from May, 2009

The number of sales is up 11 compared to May, 2009

If you look at the graph you can see that the  residential  market prices are on an overall downward trend but up a bit the past 2 months

Meanwhile interest rates are still extremely low and there are some great values in the Bellingham market right now. You might want to take a look at what it would cost you to purchase one of these homes at today's rates. You might be surprised at what your monthly payments would be, maybe less than your paying for rent right now if you are renting a comparable sized house.

If you have any questions or want to see any Bellingham Property feel free to email me at or give me a call at 360-739-6981

If you are considering relocating to Bellingham or looking to sell or buy locally, check out my website about Bellingham Real Estate or feel free to contact me: Email Michael.

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Rainmaker
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Steven L. Smith
King of the House Home Inspection, Inc. - Bellingham, WA
Bellingham WA Home Inspector

Michael,

I always like seeing the local market info and appreciate that you post it.

Jun 16, 2010 04:27 AM #1
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Rainmaker
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Michael Eisenberg

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