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Michael Eisenberg, Bellingham Realtor

Bellingham Real Estate Market Report for July, 2009

Bellinghm Real Estate

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

  • Currently Active Listings: 569
  • Price range of active listings - $115,000 - $4,500,000
  • Average List Price $524,864 Days on the Market: 113
  • Median List Price: $399,000 Days on the Market: 72
  • Sold in July: 99
  • Average List Price: $408,009
  • Average Sales Price: $387,537
  • Ratio of List to Price: 95.0% Days on the Market: 102
  • Median List Price: $314,000
  • Median Sales Price: $308,000 Days on the Market: 73
  • Ratio of List to Price: 98.1%
  • Pending Sales Last Week: 37 Total pending sales: 169
  • Average Sales Price July 2008: $353,063
  • Median Sales Price July 2008: $310,000
  • Number Sold in July 2008: 99

The Average Sales price is up 9.7% compared to July 08 and up 17.1% compared to last month June 09.

The Median Sales prices is down 0.6% compared July 08 and up by 1.9% compared to June 09.

The number of sales is equal to July 08 and down by 1 compared to last month June 09.

Condo Analysis for Bellingham

Bellingham Condo Real Estate Statistics

  • Currently Active Listings: 245
  • Price range of active listings - $109,950 - $1,565,000
  • Average List Price $261,142 Days on the Market: 138
  • Median List Price $197,900 Days on the Market: 87
  • Sold in July: 24
  • Average List Price: $212,306
  • Average Sales Price: $204,432 Days on the Market: 168
  • Ratio of List to Price: 96.3%
  • Median List Price: $185,494
  • Median Sales Price: $178,000 Days on the Market: 113
  • Ratio of List to Price: 96.0%
  • Pending Sales Last Week: 11 Total pending sales: 42
  • Average Sales Price July, 2008: $197,127
  • Median Sales Price July, 2008: $196,500
  • Sold in July, 2008: 27

Average Condo sale price is down 9.4% from July 2008 and down 28.4% from last month - June 2009

Median Sales Price is down 9.4% from July 2008 and down 25.2% from last month - June 2009

The number of condo sales is down by 3 compared to July 2008 and up by 7 compared to last month - June 2009.

Bellingham Real Estate Market Stats

Interesting stats this month. If you look at the graph you can see that prices are on the rise in the residential market but declining in the condo market. Where will the graph go next month is anybody's guess. Will the roller coaster ride of prices continue?........Tune in next month

Meanwhile interest rates are still extremely low and there are some great values in the Bellingham market right now. You might want to take a look at what it would cost you to purchase one of these homes at today's rates. You might be surprised at what your monthly payments would be, maybe less than your paying for rent right now if you are renting a comparable sized house.

There is only a short window of opportunity left for the First Time Home Buyer's Tax Credit of $8,000 available to anyone who hasn't owned a home in the past 3 years. You might want to talk to your banker to see what you can afford.

If you have any questions or want to see any Bellingham Property feel free to email me at or give me a call at 360-739-6981

Sudden Valley Real Estate Market Report for July, 2009

The following is a quick analysis of the Residential Bellingham real estate market in Sudden Valley.

Sudden Valley Real Estate Market Graph

There are currently 114 homes for sale. Homes are priced from $99,900 - $995,000

  • Average Asking Price is $337,056 Average Days on Market are 117 days
  • Median Asking Price is $288,000 Median Days on Market are 75 days
  • Sold in July: 16
  • Average Listing Price $252,806
  • Average Sold Price $248,994 Average Days on Market 98
  • Median Listing Price $242,450
  • Median Sold Price $235,000 Median Days on Market 93
  • Pending Sales Last Week: 6 Total pending sales: 34

  • Average Sales Price July 2008: $267,863
  • Median Sales Price July 2008: $276,000
  • Sold in June July: 16

    The Average Sales price is down 7% compared to July 08 and up 14.3% compared to last month June 09.

    The Median Sales prices is down 15.0% compared to July 08 and up 6.2% compared to last month June 09.

    The number of sales is equal to July 08 and is up by 6 units compared to last month June 09.

    Condo Analysis for Sudden Valley

    There are currently 9 condos for sale. Condos are priced from $68,250 - $350,000

    • Average List Price $209,013 Average Days on the Market: 146
    • Median List Price $209,950 Median Days on the Market: 96
    • Sold in July: 3
    • Average Listing Price $182,967
    • Average Sold Price $175,967 Average Days on Market 105
    • Median Listing Price $159,900
    • Median Sold Price $144,900 Median Days on Market 27
    • Pending Sales Last Week: 0 Total pending sales: 1

  • Average Sales Price July 2008: $0
  • Median Sales Price July 2008: $0
  • Sold in July 2008: 0

    There are some great values in the Sudden Valley market right now, and interest rates are still extremely low.

    Don't forget about the First Time Home Buyer's Tax Credit of $8,000 available to anyone who hasn't owned a home in the past 3 years, ask your lender about using that tax credit for part of you downpayment or closing costs.

    You might want to talk to your banker to see what you can afford. You might be surprised at what your monthly payments would be, maybe less than your paying for rent right now if you are renting a comparable sized house.

    If you have any questions or want to see any Sudden Valley homes or condos feel free to email me or give me a call at 360-739-6981.

  • Ferndale Real Estate Market Report for July, 2009

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

    Ferndale Real Estate

    • There are currently 237 homes for sale.
    • Homes are priced from $74,900 - $1,950,000
    • Average Asking Price is $405,021 Days on Market are 110 days
    • Median Asking Price is $355,000 Days on Market are 88 days
    • Homes sold in July: 28
    • Average Listing Price $347,430
    • Average Sold Price $322,816 Days on the Market 99
    • Median Listing Price $274,975
    • Median Sold Price $253,475 Days on Market 68
    • Homes Pending this week: 13 Total Homes Pending: 65
    • Average Sales Price July 2008: $293,737
    • Median Sales Price July 2008: $276,000
    • Sold in July 2008: 31

    The Average Sales price is up 9.9% compared to July 08 and down 0.8% compared to last month June 09.

    The Median Sales prices is down 8.2% compared to July 08 and up 5.9% compared to last month June09.

    The number of sales is down up by 3 compared to July 08 and is up by 11 compared to last month June 09.

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

    Fairhaven Eatery's

    Fairhaven has lots of great places to eat. If your looking for a meal or a snack, a cup of coffee or tea, there are lots of options and they are all in a short 2 block radius from 11th an Harris in the center of the historic

    I hope you have a chance to enjoy the wonderful variety of foods available in Fairhaven when you are there.

    Sudden Valley Road Names to Officially Change

    Have you ever been to Sudden Valley at the corner of Polo Park and Polo Park? Redundant road names abound in Sudden Valley and can be very confusing to visitors...

    Four roads share the name Marina: Marina Circle, Marina Court, Marina Lane and Marina Place.

    Five roads are named Harbor View, six roads share the name Beaver Ridge. And how many Strawberries are there?

    This is all about to change Monday, Aug. 3 when the road names will officially be changed.

    The Marina's have been renamed Inlet Circle, Spinnaker Lane, Longshore Lane and Bowline Court.

    New road signs have already been installed above the old signs which will remain for up to 60 days before they are removed.

    About 70 percent of the homes in Sudden Valley are on roads that are being renamed,

    Something new in Sudden Valley is that mailbox numbers will match the addresses of residents' homes.