Blaine Real Estate Market Report for June, 2009

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

Blaine Real Estate Market Chart

  • There are currently 272  homes for sale.
  • Homes are priced from $89,900- $6,995,000
  • Average Asking Price $513,041        Days on Market: 135 days
  • Median Asking Price $382,500         Days on Market: 80 days
  • Homes sold in June: 22
  • Average Listing Price $312,468
  • Average Sold Price $296,115      Days on Market 67
  • Median Listing Price $229,495
  • Median Sold Price $226,050           Days on Market: 33
  • Homes Pending this week: 8    Total Homes Pending: 66
  • Average Sales Price June 2008: $338,178
  • Median Sales Price June 2008: $275,000
  • Sold in June 2008: 19

The Average Sales price is down 12.4% compared to June 08 and up 48.1% compared to last month May 09.
The Median Sales prices is down 17.8% compared to June 08 and up 26.2% compared to last month May 09.
The number of sales is down by 3 or 15% to June 08 and is up by 8 or 57% compared to last month May 09.

Condo Analysis for Blaine/Birch Bay

  • Currently Active Listings: 124
  • Price range of active listings – $20,000 – $1,249,000
  • Average List Price $339,273         Days on Market: 168
  • Median List Price $283,930           Days on Market: 148
  • Sold in June: 4
  • Average Listing Price $169,540
  • Average Sold Price $153,250             Days on Market: 214
  • Median Listing Price $92.250
  • Median Sold Price $79,000               Days on Market: 208
  • Condos Pending this week: 2    Total Condos Pending: 11
  • Average Sales Price June 2008: $114,367
  • Median Sales Price June 2008: $147,100
  • Sold in June 2008: 3

    Once again it is hard to compare Blaine condo sales, June saw 3 small manufactured homes in Latitude 49 which are condo units all under $100,000 and one $400,000 unit at Grand Bay Condos in Birch Bay.

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