Bellingham Condominium Market Update for Jan 27th – Feb 2nd
New Condos Listed in Bellingham
This week in the Bellingham condo market 11 new condos were listed. However, 8 or the 11 new condos listed were phase 3 of the Centre Pointe Condominiums. The Centre Point Condominiums are in their 3rd and final phase. The average price of the Centre Point Condos Phase 3 is $256,388 ($248/sq.ft.). The average price for condos listed in Bellingham this week was $243,990 ($227/sq.ft) with a median price of Median Price $247,900 ($234/sq.ft.).
Bellingham Condos Pending this Week
Only 4 condos pended this week in Bellingham. The average price of condos that pended was $233,157 ($174/sq.ft.) with a median price of $211,363 ($155/sq.ft.). The average days on market for these condos was 129.
10 Bellingham Condos Sold this Week!
The bigger news of the week is the number of condos that closed. 10 condos officially sold this week, which is great. These closed sales reflect the boom that we experienced in January. The average sold price of these condos was $184,390 (165/sq.ft.). The average listing price was $187,366 ($168/sq.ft.), so these condos closed at 98% of their listing price. The average days on market for these closed condos was 217. The average days on market would have been much smaller, but a few of the condos were new construction and had been on the market for quite some time.
Ryan Martin, e-Pro®, Realtor® - 360-319-0040
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