Bellingham Real Estate Market Report for January, 2009

By
Real Estate Agent with eXp Realty

Bellingham Real Estate Market Report for January, 2009

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

Bellingham Real Estate - Resisential Graph

  • Currently Active Listings: 440
  • Price range of active listings - $159,900 - $3,575,000
  • Average List Price $538,464      Days on the Market: 136
  • Median List Price: $399,000       Days on the Market: 113
  • Sold in January: 38
  • Average List Price: $306,638
  • Average Sales Price: $294,064
  • Ratio of List to Price: 95.8%      Days on the Market: 105
  • Median List Price: $299,900
  • Median Sales Price: $287,500    Days on the Market: 61
  • Ratio of List to Price: 95.8%
  • Pending Sales Last Week: 25     Total pending sales: 89 

The Average Sales price is down 18.4% compared to January 08 and  down 8.7% compared to December 08.

The Median Sales prices is down 4.2% compared to January 08 and up 11.0% compared to December 08.

The number of sales is down by 14 or 26% compared to December 08 and down by 11 or 22% compared to last month.

 

Condo Analysis for Bellingham

Bellingham Real Estate Condo Graph

  • Currently Active Listings: 233
  • Price range of active listings - $99,500 - $1,565,000
  • Average List Price $297,800    Days on the Market: 222
  • Median List Price $204,950       Days on the Market: 122
  • Sold in January: 10
  • Average List Price: $216,291
  • Average Sales Price: $210,200
  • Ratio of List to Price: 97.2% Days on the Market: 111
  • Median List Price: $214,930
  • Median Sales Price: $209,500
  • Ratio of List to Price: 97.5% Days on the Market: 122
  • Pending Sales Last Week: 6       Total pending sales: 23

 

The Average Condo sale price is down 12% from January 2007 and up 4.7% from last month - December 2008

Median Sales Price is up 5% from January 2008 and up 13.3% from last month - December 2008

The number of condo sales is down by 13 or 36% compared to January 2008 and down by 6 or 35% compared to last month - December 2008 

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

 

 

close

This entry hasn't been re-blogged:

Re-Blogged By Re-Blogged At
Topic:
Real Estate Market Trends
Location:
Washington Whatcom County Bellingham
Tags:
bellingham market report

Spam prevention

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

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

Rainmaker
467,431

Michael Eisenberg

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

Additional Information