Whatcom County Real Estate Market Report for January 2008

By
Real Estate Agent with eXp Realty

 

Whatcom County Real Estate Market Report for January, 2008

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

  • There are currently 1391 homes for sale.
  • Homes are priced from $30,000 - $4,799,000
  • Average Asking Price is $433,788
  • Median Asking Price is $339,500
  • Average Days on Market are 120 days (or about 4 months)
  • 44 Homes went Pending this week
  • 128 Homes sold last in January
  • Average Listing Price $336,924
  • Average Sold Price $321,007
  • Average Days on the Market 102
  • Median Listing Price $274,450
  • Median Sold Price $269,950
  • Median Days on Market 72

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  Whatcom County real estate Bellingham Real Estate or living in Whatcom County  visit my website.

 

Comments (2)

Gary Bolen
McCall Realty - South Lake Tahoe, CA
CRS - Lake Tahoe Real Estate Information

Michael - sorry I missed your call, but we'll catch up asap. Gary just raved about what a nice guy you are. told  him thats par for the course around here.

cheers

richard 

Feb 09, 2008 12:47 PM
Steven L. Smith
King of the House Home Inspection, Inc. - Bellingham, WA
Bellingham WA Home Inspector
Michael, Thanks for the market update in the county here. Interesting. Steve
Feb 10, 2008 08:15 AM