Weekly Review of Bellingham’s Real Estate Market 2/03/08 - 2/09/08
In this first full week of February, 2008 we observed a sharp increase in the number of homes listed for sale in Bellingham. The average number of homes listed per week has been 17, but 27 new homes came on the market this week. The average price of homes listed this week was $470,676 with a median home price of $304,900. There are currently 489 homes on the market in Bellingham.
Despite the number of new homes increasing, the number of sales has held steady. Again this week there were 12 homes that pending in Bellingham. The average price of these pending homes was $384,746 with a median price of $372,450.
What is New on the Market this Week?
This week there were some really great homes that came on the market. My personal favorite was a high bank waterfront home off Chuckanut Drive. This home was listed for $3,500,000 and offers 1 full acre of waterfront property including a private dock. This home is located on Nelson Cove Road and is an outstanding opportunity to own a premier piece of waterfront.
Also new on the market this week is a classic New England Colonial located on Knox Ave. This is only the 2nd time this home has come on the market in the last 88 years. This is a HUGE home that has been beautifully restored listed for $785,000.
Ryan Martin, e-Pro®, Realtor® - 360-319-0040
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