Bellingham Real Estate Market Report for January, 2009

Bellingham Real Estate Market Report for January, 2009

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

• Currently Active Listings: 440
• Price range of active listings - $159,900 - $3,575,000
• Average List Price $538,464 Days on the Market: 136
• Median List Price: $399,000 Days on the Market: 113
• Sold in January: 38
• Average List Price: $306,638
• Average Sales Price: $294,064
• Ratio of List to Price: 95.8% Days on the Market: 105
• Median List Price: $299,900
• Median Sales Price: $287,500 Days on the Market: 61
• Ratio of List to Price: 95.8%
• Pending Sales Last Week: 25 Total pending sales: 89

The Average Sales price is down 18.4% compared to January 08 and down 8.7% compared to December 08.

The Median Sales prices is down 4.2% compared to January 08 and up 11.0% compared to December 08.

The number of sales is down by 14 or 26% compared to December 08 and down by 11 or 22% compared to last month.

Condo Analysis for Bellingham

• Currently Active Listings: 233
• Price range of active listings - $99,500 - $1,565,000
• Average List Price $297,800 Days on the Market: 222
• Median List Price $204,950 Days on the Market: 122
• Sold in January: 10
• Average List Price: $216,291
• Average Sales Price: $210,200
• Ratio of List to Price: 97.2% Days on the Market: 111
• Median List Price: $214,930
• Median Sales Price: $209,500
• Ratio of List to Price: 97.5% Days on the Market: 122
• Pending Sales Last Week: 6 Total pending sales: 23

The Average Condo sale price is down 12% from January 2007 and up 4.7% from last month - December 2008

Median Sales Price is up 5% from January 2008 and up 13.3% from last month - December 2008

The number of condo sales is down by 13 or 36% compared to January 2008 and down by 6 or 35% compared to last month - December 2008

There are some great values in the Belingham 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 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