Blaine Real Estate Market Report for September, 2009

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

• There are currently 255 homes for sale.
• Homes are priced from $89,900- $2,950,000
• Average Asking Price $459,644 Days on Market: 149 days
• Median Asking Price $349,000 Days on Market: 117 days
• Homes sold in September: 34
• Average Listing Price $254,942
• Average Sold Price $245,642 Days on Market 149
• Median Listing Price $228,490
• Median Sold Price $225,00 Days on Market: 66
• Homes Pending this week: 8 Total Homes Pending: 60

• Average Sales Price September 2008: $272,587
• Median Sales Price September 2008: $223,000
• Sold in September 2008: 22

The Average Sales price is down 9.8% compared to September 08 and up 11.0% compared to last month August 09.

The Median Sales prices is down 0.8% compared to September 08 and up 2.3% compared to last month August 09.

The number of sales is up by 12 to September 08 and is up by 9 compared to last month August 09.

Condo Analysis for Blaine/Birch Bay

• Currently Active Listings: 94
• Price range of active listings - $24,900 - $1,249,000
• Average List Price $340,511 Days on Market: 213
• Median List Price $232,250 Days on Market: 166
• Sold in September: 3
• Average Listing Price $278,267
• Average Sold Price $259,667 Days on Market: 115
• Median Listing Price $199,950
• Median Sold Price $189,000 Days on Market: 119
• Condos Pending this week: 2 Total Condos Pending: 18

• Average Sales Price September 2008: $249,900
• Median Sales Price September 2008: $249,900
• Sold in September 2008: 1

Interest rates are still extremely low and there are some great values in the Bellingham market right now. 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.

There is only a short window of opportunity left for the First Time Home Buyer's Tax Credit of $8,000 available to anyone who hasn't owned a home in the past 3 years. You might want to talk to your banker to see what you can afford.

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