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Lynden Real Estate Market Report for May, 2009

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

Lynden Real Estate Graph

  • There are currently 137 homes for sale.
  • Homes are priced from $184,000 - $1,100,000
  • Average Asking Price; $363,285 Days on Market are 122 days
  • Median Asking Price: $349,900 Days on Market are 80 days
  • Homes sold in May: 10
  • Average Listing Price $280,970
  • Average Sold Price $268,400 Days on the Market 122
  • Median Listing Price $297,450
  • Median Sold Price $285,000 Days on Market 78
  • Homes Pending last week: 9 Total Homes Pending: 21
  • Average Sales Price May 2008: $286,741
  • Median Sales Price May 2008: $257,500
  • Sold in May 2008: 14

    • The Average Sales price is down 6.4% compared to May 08 and down 4.8% compared to April 09.

    The Median Sales prices is up 10.7% compared to May 08 and down 21.3% compared to April 09.

    The number of sales is down by 5 compared to May 08 and is down by 2 compared to last month April 09.

    Condo Analysis for Lynden

    • There are currently 45 condos for sale.
    • Condos are priced from $141,000 - $419,000
    • Average List Price $235,363 Days on the Market: 169
    • Median List Price $229,950 Days on the Market: 105
    • Condos Sold in May: 2
    • Average List Price: $219,950
    • Average Sales Price: $220,200 Days on the Market: 163
    • Median List Price: $219,950
    • Median Sales Price: $220,200 Days on the Market: 163 P
    • Pending Sales Last Week: 1 Total Condos Pending: 2
  • Average Sales Price May 2008: $167,993
  • Median Sales Price May 2008: $173,978
  • Sold in May 2008: 6

    • The Average Sales price is up 3.1% compared to May 08 and up 6.1% compared to April 09.

    The Median Sales prices is up 2.5% compared to May 08 and up 22.3% compared to April 09.

    The number of sales is down by 4 compared to May 08 and is down by 1 compared to last month April 09.

    Buyers: Interest rates are still low making now is a good time to get in the market. There are still plenty of homes to choose from and lots have been on the market a long time so there are some motivated sellers out there who need to sell their homes.

    Sellers: There is still a lot of competition right now and if you don't want your home to sit on the market without an offer here are a few bits of advise:

    • The most important thing you can do is price your home right, have your real estate agent do a CMA and price your home aggressively, that is in the lower range of similar homes if you want a quick sale
    • Have a pre-inspection done to your home and fix any problems
    • Give your home curb appeal
    • Offer a Home Warranty if it is an older home
    • Get rid of clutter, start clearing out your things, even if you have to put them in storage.
    • Think about staging your home, get advise from a staging professional or at least your agent.

    If you would like some info about Lynden real estate or living in Lynden visit my website at BellinghamProperty.com or give me a call.

    Posted Saturday Jun 13
    ( 06/14/09 01:01PM ) — Steven L. Smith, Bellingham, Wa. Home Inspector

    Michael,


    Lynden and Pt Roberts are the two markets where I am, personally, noticing a decline in the number of calls. I think both are harder hit than many other areas, such as Ferndale which seems busy as does Sudden Valley.

    ( 06/29/09 10:16AM ) — Joan Whitebook, ABR,e-Pro,CEBA Southern New Hampshire

    A nice way to illustrate the market data.  Just wondering if you would share how you make those graphs???  You can send a private email if you prefer.  Thanks.

    ( 06/29/09 01:21PM ) — Michael Eisenberg, Bellingham Realtor

    Joan,


    I use a data base program like excel to make the pie chart, than I use Photoshop to complete the illustration.

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