The following is a quick analysis of the Bellingham Residential real estate market.
- Currently Active Listings: 631
- Price range of active listings: $59,000 – $3,200,000
- New Listings August: 163
- Average List Price August: $462,019 Days on the Market: 113
- Median List Price: $372,000
- Sold in August: 83
- Average Sales Price: $331,050 Days on the Market: 146
- Median Sales Price: $289,000
- Pending Sales in August: 89 Average List Price: $382,252 Days on the Market: 121
- Sold in August, 2009: 85
- Average Sales Price August, 2009: $393,283
- Median Sales Price August, 2009: $325,000
The Average Sales price is down 15.8% compared to August, 09.
The Median Sales prices is down 11.1% compared August, 09.
The number of sales is down 2 compared to August, 2009.
Condo Analysis for Bellingham
- Currently Active Listings: 214 New Listings August: 27
- Price range of active listings – $79,900 – $1,400,000
- Average List Price August: $259,781 Days on the Market: 180
- Median List Price $189,000
- Sold in August: 15
- Average Sales Price: $177,443 Days on the Market: 99
- Median Sales Price: $155,000
- Pending Sales August: 47 Average List Price: $179,480 Days on the Market: 105
- Sold in August, 2009: 29
- Average Sales Price August, 2009: $224,074
- Median Sales Price August, 2009: $205,000
Average Condo sale price is down 20.1% from August, 2009
Median Sales Price is down 24.4% from August, 2009
The number of sales is up 14 compared to August, 2009
The Big Tax Credit is gone, but there is still a First Time Home Buyer Tax Credit Available through a program called the Mortgage Credit Certification.It is a Tax Credit paid on Mortgage interest.
Interest rates are still extremely low and there are some great values in the Whatcom County 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.
If you have any questions or want to see any Whatcom County or Bellingham Real Estate feel free to email me at or give me a call at 360-739-6981