Blaine Real Estate Market Report for April, 2009

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

• There are currently 268 homes for sale.
• Homes are priced from $69,900 - $6,995,000
• Average Asking Price $488,117 Days on Market: 134 days
• Median Asking Price $340,250 Days on Market: 78 days
• Homes sold in April: 11
• Average Listing Price $195,069
• Average Sold Price $188,405 Days on Market 179
• Median Listing Price $199,990
• Median Sold Price $199,900 Days on Market: 179
• Homes Pending this week: 8 Total Homes Pending: 44

• Average Sales Price April 2008: $259,915
• Median Sales Price April 2008: $250,000
• Sold in April 2008: 31

The Average Sales price is down 27.5% compared to April 08 and down 22.8% compared to March 09.

The Median Sales prices is down 20.0% compared to April 08 and down 4.8% compared to March 09.

The number of sales is down by 20 or 64% to April 08 and is down by 5 or 32% compared to last month March 09.

Condo Analysis for Blaine/Birch Bay

• Currently Active Listings: 102
• Price range of active listings - $25,900 - $1,300,000
• Average List Price $370,437 Days on Market: 166
• Median List Price $319,500 Days on Market: 131
• Sold in April : 2
• Average Listing Price $392,430
• Average Sold Price $350,000 Days on Market: 174
• Median Listing Price $392,430
• Median Sold Price $350,000 Days on Market: 161
• Condos Pending this week: 0 Total Condos Pending: 4

The Average Sales price is up 72.0% compared to April 08.

The Median Sales prices is up 136% compared to April 08.

The number of sales is down by 3 or 60%.

It is pretty amazing looking at these numbers, the number of Blaine condo sales are pretty small, skewing the numbers as they have been the past few months.