Real Estate Market Report/Conditions for Bellingham, WA for July, 2008
The following is a quick analysis of the Residential Bellingham real estate market.
- Currently Active Listings: 682
- Price range of active listings – $159,000 – $3,575,000
- Average List Price $525,337 Days on the Market: 110
- Median List Price: $389,136 Days on the Market: 70
- Sold in July: 96
- Average List Price: $362,850
- Average Sales Price: $351,180
- Ratio of List to Price: 98.1% Days on the Market: 79
- Median ListPrice: $312,450
- Median Sales Price: $304,750 Days on the Market: 45
- Pending Sales Last Week: 28
Condo Analysis for Bellingham
- Currently Active Listings: 328
- Price range of active listings – $116,950 – $1,675,000
- Average List Price $293,776 Days on the Market: 202
- Median List Price $220,700 Days on the Market: 117
- Sold in July: 25
- Average List Price: $196,030
- Average Sales Price: $192,678 Days on the Market: 139
- Median List Price: $197,900
- Median Sales Price: $184,500 Days on the Market: 59
- Pending Sales Last Week: 10
Buyers: Interest rates are still low making now is a good time to get in the market. There are still 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
- Have 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 Bellingham real estate or living in Bellingham visit my website at BellinghamProperty.com or give me a call.
Thanks for the latest report.
this link might help those who are planning to compare and buy new home warranty policy