The Bellingham Real Estate Guy

Let Michael be your "Eyes on Bellingham Real Estate"

Michael Eisenberg
eXp Realty

360-739-6981 REALTOR®
michael.e@exprealty.com

A Fairhaven Neighborhood Tour

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Take a tour of  one of Fairhaven’s most popular neighborhoods, close to Marine Park and the Bellingham Cruise terminal.

It’s a neighborhood of mostly older craftsman style homes with lots of character, with a sprinkling of condos as well as some newer homes and additions. It’s a nice short distance into the Historic District and also close to the dog park. Great for bicycles and close to the bay for kayakers.  A quiet neighborhood with no major thoroughfare, and limited access through only a few streets. It’s no wonder it’s such a popular neighborhood ‘s.

There are a few homes for sale in the neighborhood. I have one at 614 Donovan  Ave.

If you’d like to find a home in Fairhaven or any other neighborhood in Bellingham or Whatcom County, I’d be glad to help you.

Whatcom County Real Estate Market Report for February, 2010

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The following is an analysis of the Whatcom County real estate market.

  • There are currently 1446 homes for sale
  • Homes are priced from $16,000 – $4,400,000
  • Average Asking Price $407,864 Days on Market: 132 days
  • Median Asking Price $328,500 Days on Market: 74 days
  • Homes Pending (went under contract) last week: 61 Total Condos Pending: 373
February 2010
February 2009
January 2010
Homes sold
95
92
97
Average Sold Price
258,678
307,992
277,881
Median Sold Price
244,900
254,990
245,000
Ave. Days on the Market
96
101
99

The Average Sales price is down 16.0% compared to February, 09 and down 6.9% compared to the previous month January, 2010. The Median Sales prices is down 3.9% compared to February, 09 and $100 less than the previous month January, 2010. The number of sales is down 5 compared to February, 09 and down 3 compared to the previous month January, 2010. Condo Analysis for Whatcom County

  • Currently Active Listings: 411
  • Price range of active listings – $19,000 – $1,395,000
  • Average List Price $233,105 Days on Market: 164
  • Median List Price $180,000 Days on Market: 131
  • Condos Pending (went under contract) last week: 8 Total Condos Pending: 61
 
February 2010
February 2009
January 2010
Homes sold
10
16
13
Average Sold Price
215,307
182,110
230,346
Median Sold Price
183,085
164,500
194,000
Ave. Days on the Market
146
151
118

The Average Sales price is up 18.2% compared to February, 09, and down 6.5% compared to the previous month January, 2010.

The Median Sales prices is up 11.0% compared to February, 09 and down5.6 % compared to the previous month January, 2010.

The number of sales is down 6 compared to February, 09 and down 3 compared to the previous month January, 2010.

Pending sales are up again, But prices are falling again.

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 has been extended until April 2010. The new program has also expanded the tax credit to include existing home owners who have owned a home for at least five of the last 8 years. You will be able to apply for tax credits of up to $6,500 when you purchase your next home. You might want to talk to your banker to see what you can afford. 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. 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

Blaine Real Estate Market Report for July, 2009

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

  • There are currently 279  homes for sale.
  • Homes are priced from $84,900- $6,995,000
  • Average Asking Price $503,519 Days on Market: 138 days
  • Median Asking Price $380,000 Days on Market: 96 days
  • Homes sold in July: 36
  • Average Listing Price $289,308
  • Average Sold Price $279,519 Days on Market 108
  • Median Listing Price $217,450
  • Median Sold Price $217,340 Days on Market: 73
  • Homes Pending this week: 13 Total Homes Pending: 67
  • Average Sales Price July 2008: $290,052
  • Median Sales Price July 2008: $245,000
  • Sold in July 2008: 32

The Average Sales price is down 3.6% compared to July 08 and down 5.6% compared to June 09.

The Median Sales prices is down 11.3% compared to July 08 and down 3.9% compared to June 09.

The number of sales is up by 4 compared to July 08 and is up by 14 compared to last month June 09.

Condo Analysis for Blaine/Birch Bay

  • Currently Active Listings: 123
  • Price range of active listings – $24,900 – $1,249,000
  • Average List Price $323,645 Days on Market: 178
  • Median List Price $235,0000 Days on Market: 144
  • Sold in July: 5
  • Average Listing Price $225,480
  • Average Sold Price $207,200 Days on Market: 183
  • Median Listing Price $230,000
  • Median Sold Price $196,000 Days on Market: 127
  • Condos Pending this week: 1 Total Condos Pending: 9
  • Average Sales Price July 2008: $209,300
  • Median Sales Price July 2008: $160,000
  • Sold in July 2008: 5

The Average Sales price is down 1.0% compared to July 08 and up 35.2% compared to June 09.

The Median Sales prices is up 22.5% compared to July 08 and up 113% compared to June 09.

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

Once again it is hard to compare Blaine condo sales

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