Bellingham Real Estate Market Report for December, 2008

By
Real Estate Agent with eXp Realty

Bellingham Real Estate Market Report for December, 2008

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

Bellingham Real Estate Graph

  • Currently Active Listings: 418
  • Price range of active listings - $119,900 - $3,575,000
  • Average List Price $532,500      Days on the Market: 137
  • Median List Price: $399,000       Days on the Market: 112
  • Sold in December: 49
  • Average List Price: $337,994
  • Average Sales Price: $322,399
  • Ratio of List to Price: 95.4%      Days on the Market: 90
  • Median List Price: $279,000
  • Median Sales Price: $259,900    Days on the Market: 79
  • Ratio of List to Price: 93.2%
  • Pending Sales Last Week: 6     Total pending sales: 70

 Bellingham Real Estate - Resisential Graph

The Average Bellingham Home sale price for Dec 08 is down 12% compared to Dec 07 and up .7% compare to Nov 08.

The Median Sales prices is down 11.4% compared to Dec 07 and down 9.7% compared to Nov 08

The number of sales is down by 23 or 47% compared to Dec 08 but up 13 or 36% compared to last month.

 

Condo Analysis for Bellingham

Bellingham Real Estate Condo Graph

  • Currently Active Listings: 220
  • Price range of active listings - $99,900 - $1,565,000
  • Average List Price $295,792    Days on the Market: 223
  • Median List Price $199,900       Days on the Market: 138
  • Sold in December: 17
  • Average List Price: $209,691
  • Average Sales Price: $200,792
  • Ratio of List to Price: 95.8% Days on the Market: 128
  • Median List Price: $184,900
  • Median Sales Price: $184,900
  • Ratio of List to Price: 100% Days on the Market: 143
  • Pending Sales Last Week: 4       Total pending sales: 19

 Bellingham Real Estate Condo Graph

The Average condo sale price is down 5% from Dec 07 and up 10% from Nov 08

Median Sales Price is down 6% from Dec 08 and up 2.8% frtom Nov 07

The number of condo sales is down by 15 0r 47% compared to Dec 07 but up by 13 from Nov 08.

 

There are some great values in the Belingham market right now, and interest rates are extremely low. 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 Property feel free to email me at or give me a call at 360-739-6981

 

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Rainmaker
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Joseph D. Federico
Donahue Real Estate Co. - Canton, MA
Eastern Massachusetts Real Estate

Michael-Nice work giving people a glimpse of what is going on with Bellingham Real estate

Jan 07, 2009 03:49 PM #1
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Rainmaker
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Michael Eisenberg

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