Bellingham Real Estate Market Report for June, 2009

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

  • Currently Active Listings: 536
  • Price range of active listings – $109,900 – $4,500,000
  • Average List Price $524,550 Days on the Market: 114
  • Median List Price: $406,200 Days on the Market: 73
  • Sold in June: 100
  • Average List Price: $340,551
  • Average Sales Price: $330,845
  • Ratio of List to Price: 97.1% Days on the Market: 76
  • Median List Price: $312,000
  • Median Sales Price: $302,000 Days on the Market: 30
  • Ratio of List to Price: 96.8%
  • Pending Sales Last Week: 35 Total pending sales: 171
  • Average Sales Price June 2008: $403,325
  • Median Sales Price June 2008: $338,475
  • Number Sold in June 2008: 100

The Average Sales price is down 18% compared to June 08 and up 5.7% compared to last month May 09.

The Median Sales prices is down 10.8% compared June 08 and up by 9.6% compared to May 09.

The number of sales is equal to June 08 and up by 18 or 22% compared to last month May 09.

Bellingham-Sales-Stats-6-30

Condo Analysis for Bellingham

Bellingham Real Estate chart 

  • Currently Active Listings: 259
  • Price range of active listings – $109,950 – $1,565,000
  • Average List Price $260,272 Days on the Market: 220
  • Median List Price $197,500 Days on the Market: 116
  • Sold in June: 17
  • Average List Price: $300,059
  • Average Sales Price: $285,678 Days on the Market: 140
  • Ratio of List to Price: 95.2%
  • Median List Price: $245,000
  • Median Sales Price: $238,000 Days on the Market: 172
  • Ratio of List to Price: 97.1%
  • Pending Sales Last Week: 6 Total pending sales: 42
  • Average Sales Price June, 2008: $240,853
  • Median Sales Price June, 2008: $189,950
  • Sold in June, 2008: 32

Average Condo sale price is up 18.6% from June 2008 and up 51% from last month – May 2009

Median Sales Price is down 25.3% from June 2008 and up 33% from last month – May 2009

The number of condo sales is down by 15 compared to June 2008 and up by 5 compared to last month – May 2009.

Interesting stats this month. If you look at the graph you can see that June 2008 was very close to the top of the market, prices have come down since than but took a turn up again this month compred to last month. June brings the Condo market it’s highest price to date, Will the roller coaster ride of prices continue?……..Tune in next month

Prices are coming down in Bellingham, and there are some great values in the Bellingham market right now, and interest rates are still 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.

There is also a newly passed First Time Home Buyer’s Tax Credit of $8,000 available to anyone who hasn’t owned a home in the past 3 years. You might want to talk to your banker to see what you can afford.

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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