Bellingham Real Estate Market Report – Aug 1, 2007

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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