Bellingham Real Estate Market Report for July, 2009

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

Bellinghm Real Estate

  • Currently Active Listings: 569
  • Price range of active listings – $115,000 – $4,500,000
  • Average List Price $524,864 Days on the Market: 113
  • Median List Price: $399,000 Days on the Market: 72
  • Sold in July: 99
  • Average List Price: $408,009
  • Average Sales Price: $387,537
  • Ratio of List to Price: 95.0% Days on the Market: 102
  • Median List Price: $314,000
  • Median Sales Price: $308,000 Days on the Market: 73
  • Ratio of List to Price: 98.1%
  • Pending Sales Last Week: 37 Total pending sales: 169
  • Average Sales Price July 2008: $353,063
  • Median Sales Price July 2008: $310,000
  • Number Sold in July 2008: 99

The Average Sales price is up 9.7% compared to July 08 and up 17.1% compared to last month June 09.

The Median Sales prices is down 0.6% compared July 08 and up by 1.9% compared to June 09.

The number of sales is equal to July 08 and down by 1 compared to last month June 09.

Condo Analysis for Bellingham

Bellingham Condo Real Estate Statistics

  • Currently Active Listings: 245
  • Price range of active listings – $109,950 – $1,565,000
  • Average List Price $261,142 Days on the Market: 138
  • Median List Price $197,900 Days on the Market: 87
  • Sold in July: 24
  • Average List Price: $212,306
  • Average Sales Price: $204,432 Days on the Market: 168
  • Ratio of List to Price: 96.3%
  • Median List Price: $185,494
  • Median Sales Price: $178,000 Days on the Market: 113
  • Ratio of List to Price: 96.0%
  • Pending Sales Last Week: 11 Total pending sales: 42
  • Average Sales Price July, 2008: $197,127
  • Median Sales Price July, 2008: $196,500
  • Sold in July, 2008: 27

Average Condo sale price is down 9.4% from July 2008 and down 28.4% from last month – June 2009

Median Sales Price is down 9.4% from July 2008 and down 25.2% from last month – June 2009

The number of condo sales is down by 3 compared to July 2008 and up by 7 compared to last month – June 2009.

Bellingham Real Estate Market Stats

Interesting stats this month. If you look at the graph you can see that prices are on the rise in the residential market but declining in the condo market.  Where will the graph go next month is anybody’s guess. Will the roller coaster ride of prices continue?……..Tune in next month

Meanwhile interest rates are still extremely low and there are some great values in the Bellingham market right now. 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 only a short window of opportunity left for the  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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