Tara Camp

Columbia Neighborhood Market Report for 5/1/09-8/1/09

This overview is a reflection of current properties on the market in the Columbia Neighborhood of Bellingham, Wa., pending homes that are on their way to the closing table, and properties that have sold from mid May to present. This will give you a clear picture of present activity in the Columbia neighborhood, as well as, what has happened over the course of the last 3 months.

Columbia Neigbhorhood Sold Properties 5/1/09-8/1/09 *(Link will expire in 30 days)*

• Since 5/24/09 - 13 properties have sold at an median price of $280,000 - avg. days on market= 68
• Of these properties sold - 1 of them were a short sale, 0 bank owned homes & 1 estate sale.
• Avg. sales vs. list price was 97.45% *last month 98.45%
• Prices are down in the Columbia Neighborhood 6% since last month
• There were 1 less sale than last month

Columbia Neighborhood Pending Sales - *(Link will expire in 30 days)*

• Currently there are 5 homes pending sale - mutual agreement between buyer and seller
• Average days on market = 46 (last month 60)
• Average Price $260,00 *same as last month
• Of these properties there are only 1 short sale pending, 1 estate sales & no Columbia Reo's.
• There are 2 fewer properties pending this month than last int the Columbia neighborhood.

Columbia Neighborhood Homes for Sale (Active Listings) - *(Link will expire in 30 days)*

• Currently there are 11 homes for sale in Bellingham's Columbia Neighborhood
• Median price = $338,750 *$319,500
• Average days on Market (DOM) = 86 *last month 124
• Of these homes for sale there are none that are bank owned, 0 Short Sales, & no estate sales.
• 3 fewer on the market than last month
• List prices are down 6%

Active Listings

***"Information and statistics compiled and reported by the Northwest Multiple Listing Service."

Feel free to give me a call to discuss your real estate goals. Whether you're looking to buy, sell, or just want to chat.

Search Bellingham bank owned real estate, Bellingham Short Sales, or Sell in Bellingham.

About the author: Tara is a full time Realtor in the Bellingham, Wa. She specializes in under-valued properties, bank owned real estate, short sales, estate sales, etc. 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. *Honest, Reliable, & Educated*

Bellingham Foreclosures are one of many ways to find discounted real estate. Are they always discounted? Absolutely not! In fact many are often overpriced, however, the ones that are usually great deals are considerably discounted...& they go quick.

Is a Bellingham Foreclosure the same as a Bellingham bank owned property? Well, yes and no. A bank owned property is a property that has gone through the foreclosure process. Foreclosure is actually the process in which a lender takes in order to recoup their money from a borrower that has defaulted on a loan. If the owner of the property doesn't reinstate their loan plus the fees associated with defaulting, ie., late fees, attorney fees, payments, etc., the lender will either sell the property or will purchase the property at the foreclosure auction. If the lender ends up buying the property at the foreclosure auction the property then becomes bank owned real estate or an REO (real estate owned).

How are Bellingham Foreclosures usually priced at the Foreclosure Auction? The opening bid is set by the foreclosing lender. The amount is usually equivalent to the amount of the 1st mortgage position (usually the 1st and 2nd mortgage holder is the same), plus attorney fees & other fees associated with the foreclosure process.

Are there liens attached to Bellingham Foreclosures or Bellingham Bank Owned Properties? If you purchase a property at the auction steps there could be liens attached to the property. If the property doesn't sell at the foreclosure auction and becomes a Bellingham bank owned property, then all recorded junior liens will be wiped from the title.

Feel free to give me a call to discuss your real estate goals. Whether you're looking to buy, sell, or just want to chat.

Search Bellingham bank owned real estate, Bellingham Short Sales, or Sell in Bellingham.

About the author: Tara is a full time Realtor in the Bellingham, Wa. She specializes in under-valued properties, bank owned real estate, short sales, estate sales, etc. 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. *Honest, Reliable, & Educated*

The amount of "Just Listed" Bellingham bank owned real estate for the week of July 24th -31st has increased quite a bit this week from what we've seen in the previous weeks and months. While most Realtors and the mainstream think that our market has bottomed and we're now on our way to recovery, I think we've only seen the beginning of a wave of foreclosures. The foreclosure moratorium that congress imposed ended on March 31st & the average time of the foreclosure process is 90-120 days (varies from state to state), which puts us right on track for the build-up of Bellingham foreclosures to start hitting the market.

Now I'm not saying it's a bad time to buy...I'm actually saying it's a great time to buy...just buy right. Nor am I saying it's a bad time to sell. If you're going to sell in the next 4 years...now is a better time than any. If you want to reduce your loss as much as possible I say sell...and price to sell! Otherwise, hold onto your Bellingham Real Estate.

Bellingham's bank owned real estate numbers for this week = 13 properties, including all of Whatcom.

Here's a breakdown of this week's Bellingham bank owned real estate.

Bellingham Reo's with Views *Link will expire in 30 days*

4xx Bayside is located in the prestigious Edgemoor Neighborhood with views of Bellingham Bay and the San Juan Islands. 6xx Northshore is located in the Silverbeach neighborhood with views of Lake Whatcom.

Bellingham Bank Owned Fixers *Link will expire in 30 days*

With the influx of Bellingham bank owned properties comes a influx of fixer opportunities. They are scatter'd throughout Whatcom county - some need minor work and others major. Some come with acreage and others with none.

Bellingham Bank Owned Condo's *Link will expire in 30 days*

Whether you're looking for a college rental, retirement, or a personal residence Condo living is a low maintenance investment. HOA dues vary from condo to condo so call your agent for details.

Feel free to give me a call to discuss your real estate goals. Whether you're looking to buy, sell, or just want to chat.

Search Bellingham bank owned real estate, Bellingham Short Sales, or Sell in Bellingham.

About the author: Tara is a full time Realtor in the Bellingham, Wa. She specializes in under-valued properties, bank owned real estate, short sales, estate sales, etc. 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. *Honest, Reliable, & Educated*

Alabama Hill Market neighborhood statistics for June 09' - Bellingham Real Estate Looking to buy or sell in the Alabama Hill area of Bellingham? This neighborhood report will give you an overview of current properties on the market, pending homes that are on their way to the closing table, and properties that have sold from April to present. Currently I'm using a 3 month history to evaluate value. For a more accurate analysis, upon request I'll narrow the search to your liking. This will give you a clear picture of present activity, as well as, what has happened over the last few months in the Alabama Neighborhood real estate market.

Alabama Hill Neighborhood Market Statistics - Sold - 4/12/09 - 7/12/09

• Since 4/12/09 - 6 homes sold at an median price of $316,500 - days on market = 135
• Of these properties sold there was 1 alabama hill bank owned property, & no short sales
• Avg. sales vs. list price was 96.2%

Alabama Hill Neighborhood Market Statistics - Pending Home Sales

• Currently there are 10 homes pending sale - mutual agreement between buyer and seller
• Average days on market = 101
• Average Price $309,450
• Of these properties there are 1 alabama hill short sales, 0 bank owned properties & no estate sales.

Alabama Hill Neighborhood Homes for Sale

• Currently there are 12 homes for sale in Bellingham's Alabama Neighborhood
• Median price = $339,450
• Average days on Market (DOM) = 64
• Of these homes for sale there are 1 bank owned property, 1 short sales, & no estate sales.

Active

Search Bellingham bank owned real estate, Bellingham Short Sales, or Sell in Bellingham.

About the Author: Tara is a full time Realtor in the Bellingham, Wa. She specializes in under-valued properties - good deals, bank owned real estate, short sales, estate sales, etc. 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.

Columbia Neighborhood Market Report for 3/24/09-6/24/09

This overview is a reflection of current properties on the market, pending homes that are on their way to the closing table, and properties that have sold from mid March to present. This will give you a clear picture of present activity in the Columiba neighborhood, as well as, what has happened over the course of the last 3 months.

Columbia Neigbhorhood Sold Properties 3/24/09-6/24/09

• Since 3/23/09 - 14 properties have sold at an median price of $297,500 - avg. days on market= 68
• Of these properties sold - 1 of them were a short sale, 0 bank owned homes or estate sales.
• Avg. sales vs. list price was 98.43%

Columbia Neighborhood Pending Sales

• Currently there are 7 homes pending sale - mutual agreement between buyer and seller
• Average days on market = 60
• Average Price $260,000
• Of these properties there are only 1 short sale pending & 2 estate sales.

Columbia Neighborhood Homes for Sale (Active Listings)

• Currently there are 14 homes for sale in Bellingham's Columbia Neighborhood
• Median price = $338,750
• Average days on Market (DOM) = 124
• Of these homes for sale there are none that are bank owned, 0 Short Sales, & no estate sales.

Active Listings

About the Author: Tara is a full time Realtor in the Bellingham, Wa. As a buyers agent she specializes in finding you under-valued properties: good deals, bank owned real estate, short sales, estate sales, etc. As a Seller's agent your home will reach millions of buyers via internet, virtual tours, and target marketing to buyers looking to buy a property like yours. 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.