Real Estate Market Report/Conditions for Bellingham, WA for Septeember 5, 2007
The following is a quick analysis of the Residential Bellingham real estate market by Michael Eisenberg of Fairhaven Realty.
- Currently Active Listings: 690 Average List Price $478,615 Days on the Market: 102
- Sold in September: 90
- Average Sales Price: $391,516
- Average List Price: $404,862
- Ratio of List to Price: 96.7%
- Average Days on the Market: 95
- Median Sales Price: $326,500
- Median ListPrice: $339,450
- Ratio of List to Price: 96.2%
- Pending Sales Last Week: 10
Condo Analysis for Bellingham
- Currently Active Listings: 356 Average List Price $251,051 Days on the Market: 220
- Sold in September: 49
- Average Sales Price: $241,284
- Average List Price: $241,246
- Ratio of List to Price: 100%
- Average Days on the Market: 178
- Median Sales Price: $208,750
- Median List Price: $208,750
- Ratio of List to Price: 100%
- Pending Sales Last Week: 3
Buyers: 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 som 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 real estate or living in Bellingham visit my website at BellinghamProperty.com or give me a call.