The Bellingham condo market hasn’t fared so well. The average sales price fell 17.1% compared to last year. The good news is the average sales price is up oer last month.
Median prices are down -3.3% compared to last year.
I think these statistics will change pretty drastically in the coming months to increases for condo sales prices as some of the upscale condos like the Waldron & Young, and the Drake buildings are finished and the reserved units there start closing.
If you would like any more information about Real Estate or Real Estate statistics visit my website at BellinghamProperty.com
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Looks like things have slowed down a bit in July compared to last month but are still up over last year at this time by 5.7% for the average sales price.
The median price went down quite a bit more from June and fell a bit from last year at the rate of -.6%.
So Bellinghm prices still seem to hold their own. We live in a beautiful place and the Real Estate values are showing it to be a desirable place to live as well as the press.
If you would like any more information about Real Estate or Real Estate statistics visit my website at BellinghamProperty.com
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Real Estate Market Report/Conditions for Bellingham, WA for 08/01/2007
The following is a quick analysis of the Residential Bellingham real estate market by Michael Eisenberg of Fairhaven Realty.
- Currently Active Listings: 712 Average List Price $484,626 Days on the Market: 95
- Sold in July: 121
- Average Sales Price: $396,383
- Average List Price:$404,271
- Ratio of List to Price: 98%
- Average Days on the Market: 93
- Pending Sales Last Week: 41
Condo Analysis for Bellingham
- Currently Active Listings: 392 Average List Price $248,871 Days on the Market: 187
- Sold in July: 47
- Average Sales Price: $208,240
- Average List Price:$218,009
- Ratio of List to Price: 95.5%
- Average Days on the Market: 191
- Pending Sales Last Week: 22
Sales were a bit off from June as you will see when I post my graphs tomorrow.
Buyers: 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, especially condos.
Sellers: There is 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:
- 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 BellinghamProperty.com or give me a call.
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