Bellingham Real Estate Market Report – November 5, 2007

Real Estate Market Report/Conditions for Bellingham, WAfor 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: 653  Average List Price $469,214    Days on the Market:  110
  • Sold in September: 80 
  • Average Sales Price: $358,224
  • Average List Price: $368,359
  • Ratio of List to Price: 97.2%
  • Average Days on the Market: 82
  • Median Sales Price: $314,450
  • Median List Price: $319,450 
  • Ratio of List to Price: 98.4%
  • Pending Sales Last Week: 12

  Condo Analysis for Bellingham

  • Currently Active Listings: 331 Average List Price $254,098    Days on the Market:  240
  • Sold in September: 49
  • Average Sales Price: $239.010
  • Average List Price: $244,479 
  • Ratio of List to Price: 97.8%
  • Average Days on the Market: 180
  • Median Sales Price: $221,498
  • Median List Price: $224,200
  • Ratio of List to Price: 98.8%
  • Pending Sales Last Week: 7

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 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
  • Have 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. 

 

Advertisements
This entry was posted in Uncategorized. Bookmark the permalink.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s