Bellingham Real Estate Market Report – Dec 4, 2007

Real Estate Market Report/Conditions for Bellingham, WA for December 4, 2007

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

  • Currently Active Listings: 570  Average List Price $468,403    Days on the Market:  116
  • Sold in November: 57 
  • Average Sales Price: $379,223
  • Average List Price: $394,239
  • Ratio of List to Price: 96.2%
  • Average Days on the Market: 102
  • Median Sales Price: $320,000
  • Median ListPrice: $325,000
  • Ratio of List to Price: 98.5%
  • Pending Sales Last Week: 16

  Condo Analysis for Bellingham

  • Currently Active Listings: 318 Average List Price $276,102    Days on the Market:  241
  • Sold in November: 32
  • Average Sales Price: $206,199
  • Average List Price: $205,919
  • Ratio of List to Price: 100%
  • Average Days on the Market: 219
  • Median Sales Price: $200,924
  • Median List Price: $193,925
  • Ratio of List to Price: 96.5%
  • Pending Sales Last Week: 2

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
  • 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 or give me a call. 


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