Ferndale, WA

Ferndale, WA

Recent numbers from the Northwest Multiple Listing Service show a slight increase in real estate sales from September. Last month 18 homes sold in the Ferndale region making it two months in a row with positive numbers. For the month of October, there are currently 8 homes sold and 10 homes pending sale, which would match last months totals. There is however 3 pending sales for vacant land in the Ferndale area which saw no activity at all last month. Keep in mind there are still 4 days left in the month, but we seem to be seeing an increase in sales in what many consider the slower months of the year. Since August we have seen a market that is selling homes while the inventory is shrinking. This would be positive news for home sellers who still have a home listed as this also brings higher demand. With homes sales starting to rise across the nation and interest rates being low, it looks like the bottom has been reached and the market has nowhere to go but up. Add to this scenario an election looming in just nine days, we could be looking brighter days ahead. Only time will tell. To view some of the great homes for sale in Whatcom County including in the Ferndale area click on one of the following links, or go to my website at www.DJKELLEY.com.

Ferndale Homes

Bellingham Homes

Whatcom County Homes

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

• There are currently 240 homes for sale.
• Homes are priced from $94,900 - $1,950,000
• Average Asking Price is $429,140 Days on Market are 105 days
• Median Asking Price is $356,125 Days on Market are 86 days
• Homes Pending this week: 1
• Homes sold in September: 18
• Average Listing Price $340,308
• Average Sold Price $320,501 Days on the Market 98
• Median Listing Price $304,900
• Median Sold Price $304,900 Days on Market 79

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
• Have 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 Ferndale real estate or living in Lynden visit my website at BellinghamProperty.com or give me a call.

Ferndale Real Estate Market Report for August, 2008

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

• There are currently 248 homes for sale.
• Homes are priced from $112,500 - $1,950,000
• Average Asking Price is $438,312 Days on Market are 97 days
• Median Asking Price is $369,000 Days on Market are 72 days
• Homes Pending this week: 1
• Homes sold in August: 23
• Average Listing Price $378,460
• Average Sold Price $366,950 Days on the Market 88
• Median Listing Price $329,900
• Median Sold Price $325,000 Days on Market 88

Buyers: Interest rates are still low making now is a good time to get in the market. There are still plenty of homes to choose from and lots 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
• Have 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 Ferndale real estate or living in Lynden visit my website at BellinghamProperty.com or give me a call.

Ferndale Real Estate Market Report for July, 2008

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

• There are currently 248 homes for sale.
• Homes are priced from $112,500 - $1,950,000
• Average Asking Price is $432,966 Days on Market are 95 days (or about 3 months)
• Median Asking Price is $369,000 Days on Market are 72 days
• Homes Pending this week: 5
• Homes sold in July: 30
• Average Listing Price $302,861
• Average Sold Price $296,995 Days on the Market 90
• Median Listing Price $284,950
• Median Sold Price $276,500 Days on Market 54

Buyers: Interest rates are still low making now is a good time to get in the market. There are still plenty of homes to choose from and lots 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
• Have 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 Ferndale real estate or living in Lynden visit my website at BellinghamProperty.com or give me a call.

Seniors Day in the Park - Come frolic in the sun at Hovander Park on Wednesday 8/6/2008. This special event will feature a BBQ lunch, local entertainment, door prizes, activities, vendor booths and dancing. The cost is $5.50 for individuals under 60 and a suggested $5.50 donation for those 60 & over. Tickets are available in advance at your local Whatcom County Senior Activity Center or at the ticket booth on the day of the event.

Location: Hovander Park, Ferndale, WA

Time: 10:00am - 2:30pm

Date: Wednesday August 6th

For more information contact your local senior center or call 733-4030.

Tara M Camp

www.taracamprealestate.com