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Michael Eisenberg, Bellingham Realtor

Bellingham Real Estate Market Report Graph - Residential - October 2008

Bellingham Real Estate - Resisential Graph

This months average sales price is down 15% compared to last year, while the median price is down 7%

The average price is down 14% from last month while the median is up 3% from this past September.

The number of sales is down by 22 compared to last year or 25%, this sure seems to be continuing the trend so far this year.

If you would like any more information about Bellingham Real Estate or Bellingham Real Estate statistics visit my website at BellinghamProperty.com

Bellingham Condo Market Report Graph - October 2008

Bellingham Real Estate Condo Graph

This months average Bellingham Condo sales price is up 1% compared to last year, but the median price went down 18% compared to September of 2007.

The average price is up 1% from last month, while the median is down 11% from last month.

The number of sales is down by 19 compared to last year, which is 55% and the days on the market is gone down.

If you would like any more information about Bellingham Real Estate or Bellingham Real Estate statistics visit my website at BellinghamProperty.com

The Padden Mudfest - Sunday, Nov 9.

The Padden Mudfest takes place Sunday, Nov 9.

It is a 7 mile trail race taking placealmost entirely on horse trails above the Lake Padden. It is a very hilly course with the exciting potential for muddy and sloppy condition.

This unique race offers some of the muddy conditions and challenging hill climbs usually found only in ultra runs.

If you like a mix of trails, mud, and hills, this run is for you.

Bellingham Real Estate Market Report for October, 2008

Real Estate Market Report/Conditions for Bellingham, WA for October, 2008

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

  • Currently Active Listings: 532
  • Price range of active listings - $114,900 - $3,575,000
  • Average List Price $531,534 Days on the Market: 118
  • Median List Price: $399,000 Days on the Market: 98
  • Sold in October: 66
  • Average List Price: $317,503
  • Average Sales Price: $305,045
  • Ratio of List to Price: 96% Days on the Market: 101
  • Median ListPrice: $301,875
  • Median Sales Price: $292,000 Days on the Market: 70
  • Ratio of List to Price: 97%
  • Pending Sales Last Week: 15

Condo Analysis for Bellingham

  • Currently Active Listings: 239
  • Price range of active listings - $99,900 - $1,565,000
  • Average List Price $306,673 Days on the Market: 239
  • Median List Price $223,500 Days on the Market: 184
  • Sold in October: 17
  • Average List Price: $260,108
  • Average Sales Price: $237,057
  • Ratio of List to Price: 97% Days on the Market: 105
  • Median List Price: $185,900
  • Median Sales Price: $179,000
  • Ratio of List to Price: 96% Days on the Market: 60
  • Pending Sales Last Week: 7

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 Bellingham real estate or living in Bellingham visit my website at BellinghamProperty.com or give me a call.

Sudden Valley Real Estate Market Report for October 2008

Real Estate Market Report/Conditions for Sudden Valley, in Bellingham WA for October , 2008

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

There are currently 118 homes for sale. Homes are priced from $124,900 - $1,095,000

  • Average Asking Price is $332,804 Average Days on Market are 132 days
  • Median Asking Price is $299,900 Median Days on Market are 102 days
  • 4 Homes went Pending this week
  • 14 Homes sold in October
  • Average Listing Price $259,888
  • Average Sold Price $247,167 Average Days on the Market 52
  • Median Listing Price $239,500
  • Median Sold Price $223,000 Median Days on Market 42

Condo Analysis for Sudden Valley

There are currently 14 condos for sale. Condos are priced from $74,500 - $299,900

  • Average List Price $196,888 Days on the Market: 101
  • Median List Price $212,200 Days on the Market: 78
  • Sold in October: 1
  • Average List Price: $119,900
  • Average Sales Price: $108,000 Days on the Market: 30
  • Median List Price:$119,900
  • Median Sales Price:$108,000 Days on the Market: 30
  • Pending Sales Last Week: 1

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 Sudden Valley real estate or living in Sudden Valley visit my website at BellinghamProperty.com or give me a call.