Blaine - Birch Bay Real Estate Market Report for May 2009

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

• There are currently 283 homes for sale.
• Homes are priced from $88,000- $6,995,000
• Average Asking Price $508,735 Days on Market: 135 days
• Median Asking Price $375,000 Days on Market: 79 days
• Homes sold in May: 14
• Average Listing Price $199,927
• Average Sold Price $196,000 Days on Market 112
• Median Listing Price $184,900
• Median Sold Price $179,000 Days on Market: 15
• Homes Pending this week: 8 Total Homes Pending: 44

• Average Sales Price May 2008: $245,945
• Median Sales Price May 2008: $226,130
• Sold in May 2008: 23

The Average Sales price is down 20.3% compared to May 08 and up 6.1% compared to April 09.

The Median Sales prices is down 20.8% compared to May 08 and down 10.1% compared to April 09.

The number of sales is down by 9 or 39% to May 08 and is up by 3 or 27.3% compared to last month April 09.

Condo Analysis for Blaine/Birch Bay

• Currently Active Listings: 102
• Price range of active listings - $24,900 - $1,249,000
• Average List Price $348,722 Days on Market: 182
• Median List Price $300,000 Days on Market: 154
• Sold in April : 2
• Average Listing Price $234,450
• Average Sold Price $219,138 Days on Market: 230
• Median Listing Price $234,450
• Median Sold Price $219,138 Days on Market: 230
• Condos Pending this week: 0 Total Condos Pending: 4

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.