Bellingham Real Estate Market Report – October 3, 2007

Real Estate Market Report/Conditions for Bellingham, WA for Septeember 5, 2007

The following is a quick analysis of the Residential Bellingham real estate market by Michael Eisenberg of Fairhaven Realty.

  • Currently Active Listings: 690  Average List Price $478,615    Days on the Market:  102
  • Sold in September: 90 
  • Average Sales Price: $391,516
  • Average List Price: $404,862
  • Ratio of List to Price: 96.7%
  • Average Days on the Market: 95
  • Median Sales Price: $326,500
  • Median ListPrice: $339,450
  • Ratio of List to Price: 96.2%
  • Pending Sales Last Week: 10

  Condo Analysis for Bellingham

  • Currently Active Listings: 356 Average List Price $251,051   Days on the Market:  220
  • Sold in September: 49
  • Average Sales Price: $241,284
  • Average List Price: $241,246
  • Ratio of List to Price: 100%
  • Average Days on the Market: 178
  • Median Sales Price: $208,750
  • Median List Price: $208,750
  • Ratio of List to Price: 100%
  • Pending Sales Last Week: 3

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 so there are som 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. 

 

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