Lynden Real Estate Market Report for September 2008

Lynden Real Estate Market Report for September, 2008

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

• There are currently 134 homes for sale.
• Homes are priced from $185,000 - $1,395,000
• Average Asking Price is $399,760 Days on Market are 114 days
• Median Asking Price is $354,500 Days on Market are 96 days
• Homes sold in September: 15
• Average Listing Price $354,370
• Average Sold Price $346,076 Days on the Market 128
• Median Listing Price $300,000
• Median Sold Price $306,800 Days on Market 66
• Homes Pending last week: 10

Condo Analysis for Lynden

• There are currently 32 condos for sale.
• Condos are priced from $145,900 - $409,950
• Average List Price $243,411 Days on the Market: 150
• Median List Price $238,900 Days on the Market: 104
• Condos Sold in September: 5
• Average List Price: $235,771
• Average Sales Price: $227,003 Days on the Market: 162
• Median List Price: $239,000
• Median Sales Price: $231,560 Days on the Market: 107
• Pending Sales Last Week: 0

Buyers: Interest rates are still low making now may be a good time to get in the market, depending on your circumstances. There are still plenty of homes to choose from and many homes 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.