Bellingham Real Estate Market Report: December, 2010

By
Real Estate Agent with eXp Realty

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

 

 

  • Currently Active Listings: 432
  • Price range of active listings: $68,000 – $4,500,000
  • New Listings December: 54
  • Average List Price: $441,662 Days on the Market: 143
  • Median List Price: $339,450
  • Sold in December: 68
  • Average Sales Price: $330,927 Days on the Market: 154
  • Median Sales Price: $268,500
  • Pending Sales in December: 53 Average List Price: $284,801 Days on the Market: 116
  • Sold in December, 2009: 72
  • Average Sales Price December, 2009: $328,616
  • Median Sales Price December, 2009: $274,750

The Average Sales price is up .7% compared to December, 2009.

The Median Sales prices is down 2.3% compared December, 2009.

The number of sales is down 4 compared to December, 2009.

2009 Sales: 913 Average Sales Price: $340,676 Median Sales Price: $289,000

2010 Sales: 788 Average Sales Price: $332,492 Median Sales Price: $277,500

Condo Analysis for Bellingham

  • Currently Active Listings: 186 New Listings December: 21
  • Price range of active listings - $69,900 – $1,400,000
  • Average List Price: $279,509 Days on the Market: 179
  • Median List Price $175,000
  • Sold in December: 5
  • Average Sales Price: $604,400 Days on the Market: 242
  • Median Sales Price: $431,000
  • Pending Sales December: 9 Average List Price: $201,139 Days on the Market: 138
  • Sold in December, 2009: 19
  • Average Sales Price December, 2009: $193,038
  • Median Sales Price December, 2009: $164,000

Average Condo sale price is up 213% from December, 2009

Median Sales Price is up 163% from December, 2009

The number of sales is down 14 compared to December, 2009

2009 Sales: 225 Average Sales Price: $215,418 Median Sales Price: $190,000

2010 Sales: 206 Average Sales Price: $238,688 Median Sales Price: $175,000

Decembers Condo Sales have really skewed the graph, with only 5 sales and 2 of them over $1,000,000 it brought both the average price way up and left the middle sale or the median quite high as well at $431,000.

Let's see what 2011 brings!

There is still a First Time Home Buyer Tax Credit Available through a program called the Mortgage Credit Certification. It is a Tax Credit paid on Mortgage interest.

Interest rates are still very 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 Real Estate feel free to email me at or give me a call at 360-739-6981

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Michael Eisenberg

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