Whatcom County Real Estate Market Report for April 2008

Real Estate Market Report/Conditions for Whatcom County, WA for April, 2008

The following is a quick analysis of the Residential Whatcom County real estate market.

  • Currently Active Listings: 1706  
  • Average List Price $436,883   Days on the Market:  107
  • Median List Price: $344,763 Days on the Market:   69 
  • Sold in April: 174
  • Average List Price: $330,724
  • Average Sales Price: $322,037
  • Ratio of List to Price: 97.3%    Days on the Market: 103
  • Median ListPrice: $289,900
  • Median Sales Price: $281,500   Days on the Market: 71
  • Ratio of List to Price: 97.1%
  • Pending Sales Last Week: 45

  Condo Analysis for Whatcom County

  • Currently Active Listings: 520
  • Average List Price $288,038    Days on the Market:  182
  • Median List Price $216,400   Days on the Market:  104
  • Sold in April: 45
  • Average List Price: $202,162
  • Average Sales Price: $196,571  Days on the Market: 195
  • Ratio of List to Price: 97.2%
  • Median List Price: $192,995
  • Median Sales Price: $175,000  Days on the Market: 48
  • Ratio of List to Price: 90.6%
  • Pending Sales Last Week: 12

Buyers:Interest rates are still low making now is a good time to get in the market. There are still 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. More homes will most likely be coming on the market in the coming months as spring and summer arrive.

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  Whatcom County or Bellingham real estate or living in Whatcom County or Bellingham visit my website at BellinghamProperty.com or give me a call. 

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One Response to Whatcom County Real Estate Market Report for April 2008

  1. moscowrealestate says:

    Great post !
    Generally it is very intresting kind of investment, but I think that real estate is loosing it’s price too much.
    I own a site with prices for Moscow real estate listings and from the begining of this year it wasn’t grew….
    Anyway american real estate is more stabil in this case.

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