Ferndale, WA

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

This great annual event is back!

The Washington Civil War Association presents BATTLE at Hovander Park. The two day event includes multiple battles with infantry, cavalry, & artillery; a fashion show; medical demonstrations; & living history in camps.

The dates & times are:
Saturday, August 9th, 9:00AM until 5:00PM

Sunday, August 10th, 9:00AM until 3:00PM

Two battles a day will take place:
Saturday at 11 AM & 3 PM Sunday at 11 AM & 3 PM

Admission is:

FREE - Children (5 & under)

$2.00 - Children (6-12)

$4.00- Seniors & Military Personnel (with ID)

$7.00 - Adults

This months average sales price is down 10.1% compared to last year, while median price went up 8.8%. Both the average price and median sales prices are up considerably from January, 13.2% average and 33.4% for the median sales price.

The number of sales is up by 9 compared to last year, or 52% and days on market is higher than last year.

If you would like any more information about Ferndale Real Estate or Ferndale Real Estate statistics visit my website.

Real Estate Market Report/Conditions for Ferndale, WA for February, 2008

The following is a quick analysis of theFerndale Real Estate Residential market by Michael Eisenberg of Fairhaven Realty.

• There are currently 182 homes for sale.
• Homes are priced from $90,000 - $1,350,000
• Average Asking Price is $396,204
• Average Days on Market are 95 days (or about 3 months)
• Median Asking Price is $350,000
• Median Days on Market are 52 days
• 7 Homes went Pending this week
• 27 Homes sold last in January
• Average Listing Price $307,650
• Average Sold Price $299,411
• Average Days on the Market 138
• Median Listing Price $315,000
• Median Sold Price $304,000
• Median Days on Market 102

Buyers: Interest rates are still low making now is a good time to get in the market. There are 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
• 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 Ferndale real estate or living in Ferndale visit my website at BellinghamProperty.com or give me a call.