Whatcom Falls Neighborhood Market Statistics - Bellingham Real Estate
The Whatcom Falls neighborhood market statistics for October reflect the active, pending, & sold homes in the Whatcom Falls area of Bellingham Real Estate market. You can use this information to help with pricing a property you might wish to sell or to help you determine value for a home you may be looking to buy.
There are currently 8 homes for sale in the Whatcom Falls neighborhood, 7 homes that are pending (under contract with mutual acceptance b/t buyer & seller), & 5 properties that have sold during the month of October 09' in the Whatcom Falls neighborhood in Bellingham, WA.
Here's a breakdown of the activity in the Whatcom Falls Neighborhood for the past month.
I include the Whatcom Falls neighborhood distressed properties in the market reports because they have an impact on prices in the neighborhood. If a given neighborhood has 5 distressed properties out of 6 sales, you can pretty much guarantee that the sales prices are going to be lower than a in a non-distressed transaction & thus, have a declining effect on the neighborhood market, as well as, the over Bellingham real estate market.
The Chart below compares the historic median price of sold and active inventory in the Whatcom Falls neighborhood.
Neighborhood Inventory
Neighborhood inventory is the number of active properties on the market and the number of homes sold in the Whatcom Falls neighborhood.
Whatcom Falls Neighborhood Residential Statistics
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October |
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Active Listings |
8 |
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Pending Sales |
7 |
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Homes sold in the last 30 days |
5 |
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Absorption Rate |
1.6 Months |
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Activity Index |
1 Month |
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Average SP % LP |
96.51% |
Tara is a full time real estate consultant in Whatcom & Skagit Counties. As a marketing specialist she helps clients sell quicker with strategic pricing and aggressive marketing. Buyers, gain a better return on your money by buying right in this market. Tara can help you analyze properties based on your goals and exit strategy. She specializes in bank owned homes & short sales, and is familiar with the nuances of these transactions. Whatever you need/goals in todays market, find a good agent to help, educate, & empower you.
Whatcom County Market Statistics for October '09 - New Construction Residential
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New Construction listings in Whatcom County have declined year-over-year, which makes sense, since prices have declined, lending has tightened, and the demand has decreased. The number of closed sales is down by about 30% and the median sales prices is down about 9%, which is consistent with the overall Whatcom County RE market.
Tara is a full time real estate consultant in Whatcom & Skagit Counties. As a marketing specialist she helps clients sell quicker with strategic pricing and aggressive marketing. Buyers, gain a better return on your money by buying right in this market. Tara can help you analyze properties based on your goals and exit strategy. She specializes in bank owned homes & short sales, and is familiar with the nuances of these transactions. Whatever you need/goals in todays market, find a good agent to help, educate, & empower you.
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The Village of Nooksac, which is a Himalaya Homes development in NookSac, greatly impacted the numbers above because the statistics mostly reflect the new homes in this developement. While prices dramatically decreased in the development, the number of home sales increased significantly, which means they were priced right. Good job on the pricing & marketing Mike Swanson of the Muljat Group!
Tara is a full time real estate consultant in Whatcom & Skagit Counties. As a marketing specialist
she helps clients sell quicker with strategic pricing and aggressive marketing. Buyers, gain a better
return on your money by buying right in this market. Tara can help you analyze properties based
on your goals and exit strategy. She specializes in bank owned homes & short sales, and is familiar
with the nuances of these transactions. Whatever you need/goals in todays market, find a good
agent to help, educate, & empower you.
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Although the number of new construction homes decreased in Ferndale in 09' the prices have declined over 12% and the number of days on market has increased dramatically. Closed sales are down over 40%, which could also impact future prices.
Tara is a full time real estate consultant in Whatcom & Skagit Counties. As a marketing specialist she helps clients sell quicker with strategic pricing and aggressive marketing. Buyers, gain a better return on your money by buying right in this market. Tara can help you analyze properties based on your goals and exit strategy. She specializes in bank owned homes & short sales, and is familiar with the nuances of these transactions. Whatever you need/goals in todays market, find a good agent to help, educate, & empower you.
Sudden Valley Market Statistics
The Sudden Valley Market has seen fewer new home listings in 09' compared to 08', this is most likely a result of sellers holding off on putting their property on the market in hopes of the market improving, however, Sudden Valley has seen a decline of about 8.5% in home values since 08'. If you're looking to sell, pricing is key, price your property strategically based on your competition. The Sudden Valley market decline & the 1st time home buyer tax credit has brought more buyers into the market place with a few more sales in 09' than 08', although days on market for the area is about 15 days longer.
Tara is a full time real estate consultant & marketing specialist in Bellingham. As a buyer's agent she specializes in finding under-valued properties: good deals, bank owned real estate, short sales, motivated sellers, etc. As a Seller's agent, your home will reach millions of buyers via internet, virtual tours, and target marketing in order to sell your property in the least amount of time for fair market value. She is well versed in real estate values, finance, and negotiation. Whether you're looking to relocate, buy, sell, or invest you're in good hands with Tara.
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