South Neighborhood - Bellingham, Wa

South Neighborhood Market Statistics - Bellingham Real Estate

The South neighborhood Market Statistics for the month of March shows the active, pending & sold homes in the South area of Bellingham Real Estate Market. Whether you are looking to sell or invest in a home, the provided information below will help you in making an informed decision.

March 2011

Homes for Sale (8)

Median Price	$294,945
Average DOM	126
Bank Owned
Short Sales	0

Pending Sales (1)

Median Price	$299,900
Average DOM	182
Bank Owned	0
Short Sales	0

Sold Homes (0)

ABSORPTION RATE: none

ACTIVITY INDEX: 8 Months

Median Price

The Chart below compares the historic median price of sold and active inventory in the South neighborhood.

Neighborhood Inventory

Neighborhood inventory is the number of active properties on the market and the number of homes sold in the South neighborhood.

* Included in this report is the South neighborhood distressed properties. More likely than not these properties has an impact on the prices in the neighborhood. If a given NB has 5 distressed properties out of 6 sales, you can pretty much guarantee that the sales prices are going to be lower than in a non-distressed transaction & thus, have a declining effect on the neighborhood market, as well as, over all the Bellingham real estate market.

As a Bellingham Realtor specializing in Bellingham Bank owned properties and Short Sales, Tara is familiar with the nuances of these transactions. By buying right in this market, buyers can gain a better return on their money. Tara can help you analyze properties based on your goals and exit strategy. As a marketing specialist she helps clients sell quicker with strategic pricing and aggressive marketing. Whatever you need/goals in today's market, find a good agent to help, educate, & empower you.

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Posted Thursday Apr 14