Blaine Real Estate Market Report for February, 2009

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

• There are currently 227  homes for sale.
• Homes are priced from $88,000 - $6,995,000
• Average Asking Price $487,437       Days on Market: 152 days
• Median Asking Price $339,900         Days on Market: 100 days
• Homes sold in February: 12
• Average Listing Price $353,110
• Average Sold Price $337,291         Days on Market 151
• Median Listing Price $232,500
• Median Sold Price $224,500              Days on Market: 91
• Homes Pending this week: 7    Total Homes Pending: 30

Average Sales Price February 2008: $232,284

Median Sales Price February 2008: $235,325

Sold in February 2008: 16

The Average Sales price is up an amazing 45.2% compared to February 08 and up 28.6% compared to January 08.
The Median Sales prices is up a more realistic 4.6% compared to February 08 and down 4.9% compared to January 08.
The number of sales is down by 4 or 25% compared to January 08 and up by 2 or 2% compared to last month.

Condo Analysis for Blaine/Birch Bay

• Currently Active Listings: 93
• Price range of active listings - $25,900 - $1,300,000
• Average List Price $385,731         Days on Market: 160
• Median List Price $357,000           Days on Market: 105
• Sold in February: 2
• Average Listing Price $274,925
• Average Sold Price $267,475           Days on Market: 176
• Median Listing Price $274,925
• Median Sold Price $267,475              Days on Market: 176
• Condos Pending this week: 2    Total Condos Pending: 4

Average Sales Price February 2008: $151,667

Median Sales Price February 2008: $53,000

Sold in February 2008: 3

The Average Sales price is up an astounding 76.4% compared to February 08, no condos sold last month.
The Median Sales prices is up an unrealistic 418% compared to February 08.                                      
The number of sales is down by 4 or 25% compared to January 08 and up by 2 or 2% compared to last month.

Very interestic statistics for this month! Looks like Blaine hasn't heard about the decline the rest of the nation is facing, at least looking back to the same time last year.

Very very intereting!!!!!!!!!!