Bellingham Real Estate Market Report for August, 2009

Bellingham Real Estate Stats

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

  • Currently Active Listings: 531
  • Price range of active listings – $124,900 – $4,500,000
  • Average List Price $509,728 Days on the Market: 121
  • Median List Price: $379,000 Days on the Market: 80
  • Sold in August: 85
  • Average List Price: $405,770
  • Average Sales Price: $393,283 Days on the Market: 80
  • Ratio of List to Price: 96.9%
  • Median List Price: $340,000
  • Median Sales Price: $325,000 Days on the Market: 37
  • Ratio of List to Price: 95.6%531
  • Pending Sales Last Week: 19 Total pending sales: 169
  • Average Sales Price August 2008: $402,888
  • Median Sales Price August 2008: $310,000
  • Number Sold in August 2008: 91

The Average Sales price is down 2.3% compared to August 08 and up 1.5% compared to last month July 09.

The Median Sales prices is up 0.5% compared August 08 and up by 02% compared to July 09.

The number of sales is down by 6 compared to August 08 and down by 14   compared to last month July 09.

Condo Analysis for Bellingham

Bellingham Real Estate Stats


  • Currently Active Listings: 274
  • Price range of active listings – $113,900 – $1,565,000
  • Average List Price $226,533 Days on the Market: 124
  • Median List Price $183,900 Days on the Market: 70
  • Sold in August: 16
  • Average List Price: $229,783
  • Average Sales Price: $$223,655 Days on the Market: 97
  • Ratio of List to Price: 97.3%
  • Median List Price: $212,900
  • Median Sales Price: $210,500 Days on the Market: 46
  • Ratio of List to Price: 98.9%
  • Pending Sales Last Week: 14 Total pending sales: 56
  • Average Sales Price August, 2008: $229,858
  • Median Sales Price August, 2008: $180,000
  • Sold in August, 2008: 35

Average Condo sale price is down 2.7% from August 2008 and up 9.4% from last month – July 2009

Median Sales Price is up 16.9% from August 2008 and up 18.3% from last month – July 2009

The number of condo sales is down by 19 compared to August 2008 and down by 8compared to last month – July 2009.

Bellingham Real Estate Sales Stats

Interesting stats this month. If you look at the graph you can see that prices are stll on the rise in the residential market with a slight increase 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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