Bellingham Real Estate Market Report for December, 2008

 

The following is a quick analysis of the Residential Bellingham real estate market for December 2008.

Bellingham Real Estate Graph

  • Currently Active Listings: 418
  • Price range of active listings – $119,900 – $3,575,000
  • Average List Price $532,500      Days on the Market: 137
  • Median List Price: $399,000      Days on the Market: 112
  • Sold in December: 49
  • Average List Price: $337,994
  • Average Sales Price: $322,399
  • Ratio of List to Price: 95.4%      Days on the Market: 190
  • Median List Price: $279,000
  • Median Sales Price: $259,900    Days on the Market: 79
  • Ratio of List to Price: 93.2%
  • Pending Sales Last Week: 6     Total pending sales: 70

Condo Analysis for Bellingham

Bellingham Real Estate Condo Graph

  • Currently Active Listings: 220
  • Price range of active listings – $99,900 – $1,565,000
  • Average List Price $295,792    Days on the Market: 223
  • Median List Price $199,900      Days on the Market: 138
  • Sold in December: 17
  • Average List Price: $209,691
  • Average Sales Price: $200,792
  • Ratio of List to Price: 95.8%     Days on the Market: 128
  • Median List Price: $184,900
  • Median Sales Price: $184,900
  • Ratio of List to Price: 100%      Days on the Market: 143
  • Pending Sales Last Week: 4      Total pending sales: 19

There are some great values in the Bellingham market right now, and interest rates are extremely low. You might want to take a look at what it would cost you to purchase one of these homes at today’s rates. You might be surprised at what your monthly payments would be, maybe less than your paying for rent right now if you are renting a comparable sized house.

If you have any questions or want to see any Bellingham Property feel free to email me at or give me a call at 360-739-6981

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