Blaine Real Estate Market Report for March, 2009

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

• There are currently 231 homes for sale.
• Homes are priced from $88,000 - $6,995,000
• Average Asking Price $488,283 Days on Market: 152 days
• Median Asking Price $339,500 Days on Market: 88 days
• Homes sold in March: 16
• Average Listing Price $255,041
• Average Sold Price $243,966 Days on Market 114
• Median Listing Price $224,990
• Median Sold Price $209,200 Days on Market: 102
• Homes Pending this week: 7 Total Homes Pending: 30
• Average Sales Price March 2008: $288,700
• Median Sales Price March 2008: $257,000
• Sold in March 2008: 16

The Average Sales price is down 15.5% compared to March 08 and down 27.6% compared to February 09.

The Median Sales prices is down 18.6% compared to March 08 and down 6.8% compared to February 09.

The number of sales is equal to March 08 and to last month.

This is very differernt from last month when Blaine had some higher priced homes sell and drove the prices up quite a bit.

Condo Analysis for Blaine/Birch Bay

• Currently Active Listings: 92
• Price range of active listings - $25,900 - $1,300,000
• Average List Price $394,275 Days on Market: 166
• Median List Price $357,000 Days on Market: 131
• Sold in March: 1
• Average Listing Price $33,000
• Average Sold Price $31,500 Days on Market: 22
• Median Listing Price $33,000
• Median Sold Price $31,500 Days on Market: 22
• Condos Pending this week: 2 Total Condos Pending: 4