Blaine, WA

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

• There are currently 268 homes for sale.
• Homes are priced from $69,900 - $6,995,000
• Average Asking Price $488,117 Days on Market: 134 days
• Median Asking Price $340,250 Days on Market: 78 days
• Homes sold in April: 11
• Average Listing Price $195,069
• Average Sold Price $188,405 Days on Market 179
• Median Listing Price $199,990
• Median Sold Price $199,900 Days on Market: 179
• Homes Pending this week: 8 Total Homes Pending: 44

• Average Sales Price April 2008: $259,915
• Median Sales Price April 2008: $250,000
• Sold in April 2008: 31

The Average Sales price is down 27.5% compared to April 08 and down 22.8% compared to March 09.

The Median Sales prices is down 20.0% compared to April 08 and down 4.8% compared to March 09.

The number of sales is down by 20 or 64% to April 08 and is down by 5 or 32% compared to last month March 09.

Condo Analysis for Blaine/Birch Bay

• Currently Active Listings: 102
• Price range of active listings - $25,900 - $1,300,000
• Average List Price $370,437 Days on Market: 166
• Median List Price $319,500 Days on Market: 131
• Sold in April : 2
• Average Listing Price $392,430
• Average Sold Price $350,000 Days on Market: 174
• Median Listing Price $392,430
• Median Sold Price $350,000 Days on Market: 161
• Condos Pending this week: 0 Total Condos Pending: 4

The Average Sales price is up 72.0% compared to April 08.

The Median Sales prices is up 136% compared to April 08.

The number of sales is down by 3 or 60%.

It is pretty amazing looking at these numbers, the number of Blaine condo sales are pretty small, skewing the numbers as they have been the past few months.

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

• There are currently 231 homes for sale.
• Homes are priced from $88,000 - $6,995,000
• Average Asking Price $488,283 Days on Market: 152 days
• Median Asking Price $339,500 Days on Market: 88 days
• Homes sold in March: 16
• Average Listing Price $255,041
• Average Sold Price $243,966 Days on Market 114
• Median Listing Price $224,990
• Median Sold Price $209,200 Days on Market: 102
• Homes Pending this week: 7 Total Homes Pending: 30
• Average Sales Price March 2008: $288,700
• Median Sales Price March 2008: $257,000
• Sold in March 2008: 16

The Average Sales price is down 15.5% compared to March 08 and down 27.6% compared to February 09.

The Median Sales prices is down 18.6% compared to March 08 and down 6.8% compared to February 09.

The number of sales is equal to March 08 and to last month.

This is very differernt from last month when Blaine had some higher priced homes sell and drove the prices up quite a bit.

Condo Analysis for Blaine/Birch Bay

• Currently Active Listings: 92
• Price range of active listings - $25,900 - $1,300,000
• Average List Price $394,275 Days on Market: 166
• Median List Price $357,000 Days on Market: 131
• Sold in March: 1
• Average Listing Price $33,000
• Average Sold Price $31,500 Days on Market: 22
• Median Listing Price $33,000
• Median Sold Price $31,500 Days on Market: 22
• Condos Pending this week: 2 Total Condos Pending: 4

Blaine Real EstateMarket Report for January, 2009

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

• There are currently 221 homes for sale.
• Homes are priced from $88,000 - $6,995,000
• Average Asking Price $482,743 Days on Market: 150 days
• Median Asking Price $329,000 Days on Market: 110 days
• Homes sold in January: 10
• Average Listing Price $282,305
• Average Sold Price $262,135 Days on the Market 406
• Median Listing Price $289,250
• Median Sold Price $236,000 Days on Market: 70
• Homes Pending this week: 3 Total Homes Pending: 31

Condo Analysis for Blaine/Birch Bay

• Currently Active Listings: 90
• Price range of active listings - $25,900 - $1,300,000
• Average List Price $395,100 Days on the Market: 149
• Median List Price $357,000 Days on the Market: 102
• Sold in January: 0
• Condos Pending this week: 0 Total Condos Pending: 4

There are some great values in the Blaine 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 would like some info about Blaine real estateor living in Blaine visit my website at BellinghamProperty.com or give me a call.

Blaine Real EstateMarket Report for December, 2008

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

• There are currently 218 homes for sale.
• Homes are priced from $87,500 - $6,995,000
• Average Asking Price $455,057 Days on Market: 153 days
• Median Asking Price $299,925 Days on Market: 86 days
• Homes sold in December: 9
• Average Listing Price $426,023
• Average Sold Price $389,371 Days on the Market 200
• Median Listing Price $289,950
• Median Sold Price $262,000 Days on Market: 70
• Homes Pending this week: 4 Total Homes Pending: 26

Condo Analysis for Blaine/Birch Bay

• Currently Active Listings: 81
• Price range of active listings - $25,900 - $1,300,000
• Average List Price $419,810 Days on the Market: 145
• Median List Price $397,500 Days on the Market: 110
• Sold in December: 1
• Average List Price: $131,900
• Average Sold Price: $131,900 Days on the Market: 153
• Median List Price:$131,900
• Median Sales Price:$131,900 Days on the Market: 153
• Condos Pending this week: 0 Total Condos Pending: 2

There are some great values in the Blaine 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 would like some info about Blaine real estateor living in Blaine visit my website at BellinghamProperty.com or give me a call.

The following is a quick analysis of the Blaine/Birch Bay real estate market for October 2008.

• There are currently 289 homes for sale.
• Homes are priced from $94,950 - $6,995,000
• Average Asking Price is $476,629 Average Days on Market are 154days
• Median Asking Price is $319,000 Median Days on Market are 108 days
• 22 Homes sold in October
• Average Listing Price $306,479
• Average Sold Price $283,700 Average Days on the Market 142
• Median Listing Price $258,745
• Median Sold Price $252,450 Median Days on Market 99
• Pending Sales Last Week: 0

Condo Analysis for Blaine/Birch Bay

• Currently Active Listings: 89
• Price range of active listings - $25,900 - $1,4875,000
• Average List Price $395,253 Days on the Market: 184
• Median List Price $315,000 Days on the Market: 132
• Sold in October: 2
• Average List Price: $574,475
• Average Sales Price: $511,500 Days on the Market: 129
• Median List Price:$574,475
• Median Sales Price:$511,500 Days on the Market: 129
• Ratio of List to Price: 96.2%
• Pending Sales Last Week: 1

Buyers: Interest rates are still low making

As you can easily see there is still quite a large discrepancy between the average price for a home presently on the market a $476,629 and the average sold price last month of $283,700. It looks like the $6,995,000 home is skewing that average price quite a bit.

Buyers: Interest rates are still low making now may be a good time to get in the market, depending on your circumstances. There are still plenty of homes to choose from and many homes have been on the market a long time so there are some motivated sellers out there who need to sell their homes.

Sellers: There is still a lot of competition right now and if you don't want your home to sit on the market without an offer here are a few bits of advise:

• The most important thing you can do is price your home right, have your real estate agent do a CMA and price your home aggressively, that is in the lower range of similar homes if you want a quick sale
• Hava a pre-inspection done to your home and fix any problems
• Give your home curb appeal
• Offer a Home Warranty if it is an older home
• Get rid of clutter, start clearing out your things, even if you have to put them in storage.
• Think about staging your home, get advise from a staging professional or at least your agent.

If you would like some info about Blaine real estate or living in Blaine visit my website at BellinghamProperty.com or give me a call.