Entries from January 2008
Absorption rate is average number of homes sold per month over a particular period of time. The months to sell is a reflection of the absorbtion rate, how long it will take to sell the current inventory at the said absortion rate.
This is a very interesting way to look at the market:
Average List Price $469,182 Days on the market 119
Median List Price $365,000 Days on the market 105
|
Price Range
|
Active Listings
|
Monthly Absorbtion Rate
|
Pending Past week
|
Months to sell Current Inventory
|
|
|
|
|
|
|
|
Up to $200,000
|
18
|
5.3
|
2
|
3.4
|
|
200,000-300,000
|
157
|
40.4
|
13
|
3.9
|
|
300,000-400,000
|
130
|
29.8
|
2
|
4.3
|
|
400,000-500,000
|
85
|
13.3
|
3
|
6.4
|
|
500,000-600,000
|
37
|
5.5
|
1
|
6.7
|
|
600,000-700,000
|
28
|
2.8
|
2
|
10.0
|
|
700,000-800,000
|
20
|
2.4
|
0
|
8.3
|
|
800,000-900,000
|
17
|
1.9
|
1
|
8.9
|
|
900,000-1,000,000
|
6
|
.8
|
0
|
7.5
|
|
1,000,000-2,000,000
|
22
|
1.4
|
0
|
15.7
|
|
2,000,000+
|
5
|
.25
|
0
|
20.0
|
|
Totals
|
523
|
102
|
24
|
5.1
|
Categories: Uncategorized
Bald eagles from Alaska and British Columbia, gather in large numbers this time of the year on the Nooksack and Skagit rivers. They are here to get their easy prey, spawning salmon on these rivers. In the winter, dead salmon wash up on the sandbars created by the many channels of the river. Bring a pair of binoculars to see the action close up.
There is a Eagle Sanctuary on The Skagit near the North Cascades Highway, also known as Highway 20, just outside of Rockport.
The Deming Homestead Eagle Park is small detour off the Mt. Baker Highway where you can also observe the eagles. This was once the site of a pioneer dairy farm ever that Hank and Lorrell Rensick inherited from Hank’s parents, Peter and Martha, who homesteaded this area.
You can also see the eagles from the river on a raft. Both rivers have outfitters running weekend trips this time of year to see the eagles.
I did a Skagit river raft trip last winter and it was great. I also did one several years ago on the Noo
ksack where we spotted over 200 eagles on a half mile stretch of the river and in that stretch we counted about 25 eagles in one tree. It was an amazing site.
Photos courtesy of Flickr By controltheweb & By Rich Anderson
Categories: Uncategorized
January 25, 2008 · 1 Comment
This or something like it could be the car of the future.
The compressed air car! That’s right compressed air, talk about green cars, I think this idea has a lot going for it. More than hydrogen which seems to be the future of the automobile if you look at what Detroit is thinking for the future. The Air Car, could be one of the biggest technology breakthroughs in a long time. They are not expensive and they don’pt pollute. The ultimate commuter car.
It looks like Tata Motors, India’s largest car maker, will be manufacturing these some time in the future.
Let’s hope Detriot jumps onto this bandwagon.
Categories: Uncategorized
Absorption rate is average number of homes sold per month over a particular period of time. The months to sell is a reflection of the absorbtion rate, how long it will take to sell the current inventory at the said absortion rate.
This is a very interesting way to look at the market:
Average List Price $472,217 Days on the market 122
Median List Price $369,000 Days on the market 108
|
Price Range
|
Active Listings
|
Monthly Absorbtion Rate
|
Pending Past week
|
Months to sell Current Inventory
|
|
|
|
|
|
|
|
Up to $200,000
|
17
|
5.3
|
1
|
3.2
|
|
200,000-300,000
|
152
|
40.4
|
12
|
3.8
|
|
300,000-400,000
|
121
|
29.8
|
5
|
4.1
|
|
400,000-500,000
|
84
|
13.3
|
3
|
6.3
|
|
500,000-600,000
|
36
|
5.5
|
1
|
6.5
|
|
600,000-700,000
|
27
|
2.8
|
1
|
9.6
|
|
700,000-800,000
|
19
|
2.4
|
0
|
7.9
|
|
800,000-900,000
|
15
|
1.9
|
1
|
7.9
|
|
900,000-1,000,000
|
7
|
.8
|
1
|
8.8
|
|
1,000,000-2,000,000
|
22
|
1.4
|
0
|
15.7
|
|
2,000,000+
|
5
|
.25
|
0
|
20.0
|
|
Totals
|
503
|
102
|
25
|
4.9
|
Categories: Uncategorized
Absorption rate is average number of homes sold per month over a particular period of time. The months to sell is a reflection of the absorbtion rate, how long it will take to sell the current inventory at the said absortion rate.
This is a very interesting way to look at the market:
Average List Price $466,738 Days on the market 119
Median List Price $369,000 Days on the market 99
|
Price Range
|
Active Listings
|
Monthly Absorbtion Rate
|
Pending Past week
|
Months to sell Current Inventory
|
|
|
|
|
|
|
|
Up to $200,000
|
17
|
5.3
|
0
|
3.2
|
|
200,000-300,000
|
151
|
40.4
|
6
|
3.7
|
|
300,000-400,000
|
126
|
29.8
|
3
|
4.2
|
|
400,000-500,000
|
86
|
13.3
|
0
|
6.7
|
|
500,000-600,000
|
37
|
5.5
|
0
|
6.7
|
|
600,000-700,000
|
25
|
2.8
|
0
|
8.9
|
|
700,000-800,000
|
19
|
2.4
|
0
|
7.9
|
|
800,000-900,000
|
13
|
1.9
|
0
|
6.8
|
|
900,000-1,000,000
|
8
|
.8
|
0
|
10
|
|
1,000,000-2,000,000
|
22
|
1.4
|
0
|
15.7
|
|
2,000,000+
|
4
|
.25
|
0
|
16.0
|
|
Totals
|
505
|
102
|
9
|
5.0
|
Categories: Uncategorized
This is an interesting graph for this month. Notice the average value up 2.5 % over last year which is about the same as the increase for the entire year as you will see in one of my upcoming graphs. On the downside prices came down compared to last month and the median value is down about 3.7 %
The number of sales is down 11 compared to last year, and days on market is also up a bit over last year.
If you would like any more information about Real Estate or Real Estate statistics visit my website at BellinghamProperty.com
Categories: Uncategorized
The Bellingham condo market is a up this month a bit over last month and an average of 7.3% over last year and a whooping 15.9% if you are looking at the median values over last year. Condos have also been taking longer to sell than last year.
This is good news as the year closed out especially since the story isn’t as rosy if you lool at he yearly statistics.
If you would like any more information about Real Estate or Real Estate statistics visit my website at BellinghamProperty.com
Categories: Uncategorized
Real Estate Market Report/Conditions for Bellingham, WA for January, 2008
The following is a quick analysis of the Residential Bellingham real estate market by Michael Eisenberg of Fairhaven Realty.
- Currently Active Listings: 486 Average List Price $471,004 Days on the Market: 120
- Sold in December: 69
- Average Sales Price: $366,674
- Average List Price: $381,061
- Ratio of List to Price: 96.2%
- Average Days on the Market: 94
- Median Sales Price: $285,000
- Median ListPrice: $299,900
- Ratio of List to Price: 95.0%
- Pending Sales Last Week: 10
Condo Analysis for Bellingham
- Currently Active Listings: 292 Average List Price $280,543 Days on the Market: 267
- Sold in November: 31
- Average Sales Price: $212,056
- Average List Price: $213,463
- Ratio of List to Price: 99.5%
- Average Days on the Market: 111
- Median Sales Price: $197,032
- Median List Price: $188,950
- Ratio of List to Price: 95.8%
- Pending Sales Last Week: 7
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 real estate or living in Bellingham visit my website at BellinghamProperty.com or give me a call.
Categories: Uncategorized
