Weekly Review of Bellingham’s Real Estate Market 2/24/08 - 3/01/08
Bellingham’s real estate market is still holding up quite well. There were 27 homes listed this week. The average price of new listings was $366,649 with a median price of $310,000. There were no foreclosures listed in Bellingham this week. Currently, there are 490 homes on the market in Bellingham, WA.
Bellingham Homes Pending and STI
12 homes pended this week in Bellingham. The average price was $312,713 with a median price of $284,900. The average days on market for pending homes this week was 133. Overall the market has really picked up since the beginning of 2008. The number of weekly new listings and weekly sales has held fairly steady and the market is on pace to have a great year.
Sold Homes in Bellingham, WA
The big news in the Bellingham real estate market comes in the number of sold properties. 28 homes sold in Bellingham this week, which is the biggest week so far in 2008. The average listing price of homes sold was $432,879 with a closed sales price average of $416,167 (96% sale to list price). It has been months since more homes sold than were listed in Bellingham, so these are very positive numbers for local home sellers.
Ryan Martin, e-Pro®, Realtor® - 360-319-0040
Your Bellingham Real Estate Professional | Bellingham, WA Real Estate
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Bellingham Real Estate Market Update For 2/17/08 - 2/23/08
This week a steady rise in inventory continued in Bellingham. 30 new listings came on the market, which is the most of any week this year. The average price was $507,555 ($211/sq.ft.), with a median price of $416,750 ($232/sq.ft.). The average price was a bit skewed this week due to a couple of $1,000,000+ listings. Currently there are 494 residential homes on the market in Bellingham.
Bellingham Residential Pending and STI
Not only were the number of new listings up this week, but the number of pending sales were down this week. Only 7 homes pended and became
“Active Subject to Inspection” this week. The average price was $326,514 ($170/sq.ft.) with a median price of $292,000 ($183/sq.ft.). The average days on market for pending residential home this week in Bellingham was 116 days.
Weekly Homes Sold in Bellingham
The number of homes sold this week in Bellingham held strong at 11. This was mostly due to the increased activity from January. The average listing price of sold homes was $407,582 ($261/sq.ft.) with an average sold price of $395,082 (97% list price to sold price ratio). The average days on market for homes sold in Bellingham this week was 145.
Next week will be the monthly and year to date reviews for the Bellingham real estate market, so stay tuned…
Ryan Martin, e-Pro®, Realtor® - 360-319-0040
Windermere Whatcom County Real Estate | Bellingham Real Estate
Search for Bellingham Homes for Sale
Bellingham Condo Market Update for Feb 10th - Feb 16th
This week in the Bellingham condo market we noticed a significant upward shift in activity. While only 5 new listings came on the market, 13 condos pended and 10 closed. The average price of the new condos was $329,080 (265/sq.ft) with a median price of $274,500 ($235/sq.ft.). There are currently 266 condos on the market in Bellingham.
Bellingham Pending Condos
7 of the 13 pending condos this week were in Darby Estates. The average price of the Darby Estates condos was $194,281 (138/sq.ft). The average price of the total condos pending in Bellingham this week was $225,213 ($170/sq.ft.) with a median price of $192,995 ($137/sq.ft.)
Bellingham Sold Condos
There were also 10 closed sales this week in the Bellingham condo market. The average listing price was $259,158 ($217/sq.ft.) and the average closed price was $258,300 ($216/sq.ft.). The condos managed to hold their 99.6% of the listing price.
Ryan Martin, e-Pro®, Realtor® - 360-319-0040
Your Bellingham Real Estate Professional | Bellingham WA Real Estate
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Weekly Review of Bellingham’s Real Estate Market 2/10/08 - 2/16/08
This week in Bellingham, 23 new homes were listed with an average price of $400,143 and a median price of $319,500. It appears as though the level of new inventory has stabilized in Bellingham. Over the last several weeks the number of homes coming on the market had been rising. A healthy market in Bellingham can absorb 20 new listings weekly, but when that number gets pushed to 30 and beyond the market runs the risk of over saturation.
In regard to the Bellingham foreclosure watch, 2 new foreclosure homes did come on the market this week. Bellingham has been averaging 1 new foreclosure a week since the beginning of 2008. While no foreclosures are good, an average of one new foreclosure a week in Bellingham is negligible considering the current state of the national real estate market.
Homes Pending and STI in Bellingham
17 homes pended this week in Bellingham. The average price of pending home sales was $365,868 with a median price of $289,900. The average days on market was 66 days. It is great to see 17 homes go pending in one week in Bellingham. This is very healthy sign for the local real estate market. It is also good to see the number of days on market drop from 90 to 66 since the beginning of the year.
Homes Sold in Bellingham this Week
This week 14 homes sold in Bellingham. The average closed sale price was $270,039, while the average listing price of these homes was $278,177 (97% list price ratio to sales price ratio). The average days on market for the sold homes this week was 74 days.
Your Bellingham Real Estate Professional | Bellingham WA Real Estate
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Weekly Review of Bellingham’s Real Estate Market 2/03/08 - 2/09/08
In this first full week of February, 2008 we observed a sharp increase in the number of homes listed for sale in Bellingham. The average number of homes listed per week has been 17, but 27 new homes came on the market this week. The average price of homes listed this week was $470,676 with a median home price of $304,900. There are currently 489 homes on the market in Bellingham.
Despite the number of new homes increasing, the number of sales has held steady. Again this week there were 12 homes that pending in Bellingham. The average price of these pending homes was $384,746 with a median price of $372,450.
What is New on the Market this Week?
This week there were some really great homes that came on the market. My personal favorite was a high bank waterfront home off Chuckanut Drive. This home was listed for $3,500,000 and offers 1 full acre of waterfront property including a private dock. This home is located on Nelson Cove Road and is an outstanding opportunity to own a premier piece of waterfront.
Also new on the market this week is a classic New England Colonial located on Knox Ave. This is only the 2nd time this home has come on the market in the last 88 years. This is a HUGE home that has been beautifully restored listed for $785,000.
Ryan Martin, e-Pro®, Realtor® - 360-319-0040
Your Bellingham Real Estate Professional | Bellingham WA Real Estate
Search all Bellingham Homes for Sale
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Ryan Martin, with a B.A. in Economics from WWU has focused his career within the residential division of Windermere. Ryan is among the top real estate agents in both Whatcom County & Skagit County.
Ryan moved to Bellingham, WA over 10 years ago to study Economics at Western Washington University. While obtaining his degree, he learned a great deal about the Internet by living with Computer Science majors who also attended WWU. After graduating in 2002, Ryan began his career in real estate. Ryan has an extensive background in HTML, the Internet and photography and has developed many real estate websites during his career.
Ryan and his business partner KC Coonc really do enjoy helping buyers and sellers achieve their goals. Their office is located in Fairhaven on the corner of 12th and Old Fairhaven Parkway in Bellingham. The market area they work is within 60 minutes driving time of our office, which covers all of Whatcom County and most of Skagit County. Seldom do they make exception to service clients south of the Skagit County Line. They do have a structured referral program that is based on a sliding scale depending upon the buyer and property type being referred. Ryan and KC are full time, full service agents, with a very high percentage of successfully closed sales each year. They will do their part and more in every transaction.
Your Solutions Team offers both commercial & residential real estate expertise within Whatcom and Skagit County.
Ryan Martin heads our residential real estate division. Ryan has extensive knowledge of real estate contracts and has assisted dozens of buyers purchase homes, condos and raw land. He is also an excellent photographer and expert of real estate marketing. To learn more about residential real estate in Whatcom & Skagit Counties see our residential real estate websites.
Bellingham condos | Anacortes Real Estate | Skagit County Real Estate | Windermere Whatcom County Real Estate
KC Coonc is our Commercial real estate expert. KC has over 10 years of commercial real estate experience. Working within the commercial division of Windermere, KC is among the top commercial real estate agents in both Whatcom & Skagit counties. With a complete understanding of commercial leasing and sales you can save yourself a lot of time and hassle by contacting KC first. To learn more about commercial real estate in Whatcom & Skagit Counties see commercial real estate website.
Windermere Commercial Real Estate
When Representing our Buyers
In 1997 the State of Washington changed the long standing laws on the books to make it possible for Buyers of real property to have full representation in purchasing real estate. Believe it or not, until 1997 the Listing Agent and the Buyer's Agent represented the Seller regardless as to whether a Buyer had designated an agent to assist them in their purchase. Why Washington State waited so long to address the need of Buyers to have full representation will likely never be clear.
Entering into a Buyer's Agency Agreement establishes from the beginning that as your Buyer's Agents we will provide you with as much detailed information as possible on the properties you are interested in seeing. This includes listed and unlisted properties. The information we provide will be based upon fact and upon our extensive knowledge of the area and property type. As your Buyer's Agents, we have no obligation to any one Seller to promote the sale of their property.
A typical purchase and sale is 12 pages long and it is not unusual for it to be up to 16 pages long. This is before the contingency addendums, notices, responses to notices and disclosures are added as the purchase progresses toward closing. Through years of experience, we understand the ever changing contracts and are alert to what may be presented to you by a Seller or Listing Agent that is in your best interest and more importantly what isn't.
Our fees are almost without exception paid in full by the Seller at closing. Statistically most properties are offered for sale through a Listing Agent where the Seller has agreed to pay a Buyer's Agent commission.
Most For Sale By Owners are not experienced in selling real estate and have no expertise in putting together a successful sale that is in full compliance with Washington State Law. Non-disclosure, followed by fraud, are the biggest problems. Ignorance of the Law of Washington State is no excuse and could easily land the Buyer and Seller in court months or years after the date of closing. Many FSBO's offer Buyer's Agent commission and to date we have been very successful in getting our fee paid by the seller at closing.
Upon retaining our Exclusive Buyer's Agency Services, it becomes our duty to the following:
- Be loyal and take no action that is adverse or detrimental to you.
- Disclose conflicts of interests, if any.
- Advise you to seek expert advice on matters beyond our expertise.
- Not disclose confidential information about you.
- Make a good faith and continuous effort to find you a property.
Remember, Listing Agents are obligated to represent the Seller, not you as a Buyer. We will commit to exclusively representing you in your purchase if you will commit to us as your Buyer's Agents.
When Representing our Sellers
Staying in touch
First and foremost, staying in touch with our clients is one of the keys to keeping successful relationship in real estate. Because we are highly educated within our areas of expertise, we constantly update our clients on current market trends. Not only do we keep our sellers updated with the showings of their property, we also keep them informed on what else is on the market and what is pending or sold. We do not force our sellers into long term listing agreements because we keep good relationships. If for some reason one of our clients is unhappy, we work out the problem or we agree to terminate our relationship. We like to be happy, we want you to be happy and will prove to you that you will be happy.
Professional Photos
A picture is worth a thousand words, or thousands of dollars in your case. We will take professional quality still and 'virtual tour' panorama shots of the interior and exterior of your home and of your setting/view. We create a color brochure of your property that goes inside your home and a full compliment of color photos accompanies every listing in the MLS with an upgraded photo gallery integrated into Windermere.com.
Online Marketing
People have become savvy home buyers and are aware that they can view the entire inventory of available property if they find a site that connects them to the MLS. This has made the importance of high quality photos essential to marketing property on the internet. Buyer will dismiss listings without complete information, including high quality photos & 360 tours. We strive to put your home above the competition when it comes to showcasing your property on the Internet.
Skagit County
Skagit County is located north of Snohomish County and South of Whatcom County. Mount Vernon, Burlington and Anacortes are the largest cities located within the borders of Skagit County. Skagit County stretches from the base of the Cascade Mountain range down the Skagit River to the tips of the San Juan Islands. Skagit County is lush with agricultural fields and the legendary tulip festival. The upper Skagit River, near Concrete and east, is an extremely popular place for salmon fishing. Elk are also prominent creatures of the upper Skagit River. The elk herds migrate back and forth from the surround hills to the rivers edge. Hurn Field in Concrete is a popular resting place for the Elk.
Whatcom County
Whatcom County is located north of Skagit County and south of the Canadian border. The largest cities in Whatcom County are Bellingham, Lynden and Ferndale. Bellingham is a well known for its historical area Fairhaven. Whatcom County stretches from the base of the Cascade Mountains featuring the famous Mt Baker ski area to the coastline between Blaine & Bellingham. Whatcom County's showcase is Chuckanut Drive, which is world renown for its westerly views of the Ocean and islands beyond.
ActiveRain Corp. is not responsible for the accuracy of the site's content (which is written by members of the ActiveRain Real Estate Network) and does not endorse the views of the real estate agents, mortgage brokers, and others listed here.
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