Bellingham Real Estate Market Report for Jan, 2008

Real Estate Agent with eXp Realty

Real Estate Market Report/Conditions for Bellingham, WA for January, 2008

The following is a quick analysis of the Residential Bellingham real estate market by Michael Eisenberg of Fairhaven Realty.

  • Currently Active Listings: 517 Average List Price $466,386   Days on the Market:  117
  • Sold in January: 59
  • Average Sales Price: $360,724
  • Average List Price: $376,931
  • Ratio of List to Price: 95.6%
  • Average Days on the Market: 93
  • Median Sales Price: $299,950
  • Median ListPrice: $299,950
  • Ratio of List to Price: 100%
  • Pending Sales Last Week: 30

  Condo Analysis for Bellingham

  • Currently Active Listings: 303 Average List Price $285,121     Days on the Market:  246
  • Sold in January: 33
  • Average Sales Price: $237,564
  • Average List Price: $240,363
  • Ratio of List to Price: 99.5%
  • Average Days on the Market: 216
  • Median Sales Price: $197,500
  • Median List Price: $198,900
  • Ratio of List to Price: 99.3%
  • Pending Sales Last Week: 6

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


This entry hasn't been re-blogged:

Re-Blogged By Re-Blogged At
Washington Whatcom County Bellingham
bellingham real estate market reports

Spam prevention

What's the reason you're reporting this blog entry?

Are you sure you want to report this blog entry as spam?


Michael Eisenberg

Bellingham Real Estate Guy
Want to find the most affordable homes in Bellingham?

Additional Information