Ferndale, WA

This months average sales price is down 10.1% compared to last year, while median price went up 8.8%. Both the average price and median sales prices are up considerably from January, 13.2% average and 33.4% for the median sales price.

The number of sales is up by 9 compared to last year, or 52% and days on market is higher than last year.

If you would like any more information about Ferndale Real Estate or Ferndale Real Estate statistics visit my website.

Real Estate Market Report/Conditions for Ferndale, WA for February, 2008

The following is a quick analysis of theFerndale Real Estate Residential market by Michael Eisenberg of Fairhaven Realty.

• There are currently 182 homes for sale.
• Homes are priced from $90,000 - $1,350,000
• Average Asking Price is $396,204
• Average Days on Market are 95 days (or about 3 months)
• Median Asking Price is $350,000
• Median Days on Market are 52 days
• 7 Homes went Pending this week
• 27 Homes sold last in January
• Average Listing Price $307,650
• Average Sold Price $299,411
• Average Days on the Market 138
• Median Listing Price $315,000
• Median Sold Price $304,000
• Median Days on Market 102

Buyers: Interest rates are still low making now is a good time to get in the market. There are plenty of homes to choose from and lots 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
• Hava 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 Ferndale real estate or living in Ferndale visit my website at BellinghamProperty.com or give me a call.

Real Estate Market Report/Conditions for Ferndale, WA for January, 2008

The following is a quick analysis of the Ferndale Residential real estate market by Michael Eisenberg of Fairhaven Realty.

• There are currently 189 homes for sale.
• Homes are priced from $90,000 - $1,600,000
• Average Asking Price is $401,953
• Median Asking Price is $369,900
• Average Days on Market are 94 days (or about 3 months)
• 6 Homes went Pending this week
• 18 Homes sold last in January
• Average Listing Price $275,616
• Average Sold Price $268,415
• Average Days on the Market 150
• Median Listing Price $229,500
• Median Sold Price $228,150
• Median Days on Market 97

Buyers: Interest rates are still low making now is a good time to get in the market. There are plenty of homes to choose from and lots 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
• Hava 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 Ferndale real estate or living in Ferndale visit my website at BellinghamProperty.com or give me a call.

The competition to sell your home in Whatcom County is building. A month ago only 2-5 new listings were appearing everyday. The last week the numbers have been shocking, 20-30 new listings every single day!!

In order to make your house stand out above all the others is to have it professionally staged. Staging will help to ensure your house appeals to a great many potential buyers. This is an absolute neccessity in today's buyers market.

Simply Staging Solutions offers various staging packages to appeal to all Homeowners and their pocketbooks.

Staging is a very small investment to help sell your home more quickly and for the best price possible. Statistics prove that Staged Homes sell up to 50% faster and for 6-10% more than non-staged homes. Not to mention the small cost of staging is quickly recouped by the faster sale.

Contact me today to schedule your consultation! (360) 393-1109

I am offering a Spring Offer of $99 until March 25th! This includes a 2 hour consultation as well as a detailed Top Ten Priority Report for those do it yourself homeowners! This is a $250 value!

Please visit my website for more information!

www.simplystagingsolutions.com

Lakeridge Estates Neighborhood in Ferndale, WA

Lakeridge Estates is one of the newer neighborhoods in Ferndale, Washington with most of the homes being built in the late 90’s and early 2000’s. This neighborhood of about 50 homes maintains a set of CCR’s to protect the intergrity and values of all the properties located within. Located just north of Bellingham off the I-5, Lakeridge Estates offers easy access to all of Whatcom County and B.C. Canada.

One of Lakeridge Estates’ most popular features is Nubgaard Lake. Homeowners of Lakeridge Estates are permitted to enjoy the walking trails around this small lake. Some of the homes in this neighborhood also have views of the agriculture and Bellingham Bay off in the distance.

Over the course of 2007, 2 homes sold in the Lakeridge Estates Neighborhood sold. The average price per square foot of homes sold in this neighborhood for 2007 was $149. Currently, there are 5 homes for sale in the Lakeridge Estates Neighborhood.

$429,800 - 2560 Lakeridge Dr - Ferndale, WA home for sale

$429,900 - 2510 Lakeridge Dr - Ferndale, WA home for sale

$459,900 - 2598 Lakeridge Dr - Ferndale, WA home for sale

$489,000 - 5909 Ponderosa Ct - Ferndale, WA home for sale

$539,500 - 2572 Lakeridge Dr - Ferndale, WA home for sale

If you are interested in any of these homes, or would like to talk about the Lakeridge Estates Neighborhood in Ferndale, WA give me a call at 360-319-0040.

Ryan Martin, e-Pro®, Realtor® - 360-319-0040

Your Bellingham Real Estate Professional | Bellingham Washington Real Estate

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