May 13, 2010

Bellingham Real Estate Market Report for April, 2010

The following is a quick analysis of the Residential Bellingham real estate market.
  • Currently Active Listings: 563
  • Price range of active listings - $69,500 - $3,600,000
  • Average List Price $473,460 Days on the Market: 111
  • Median List Price: $365,000 Days on the Market: 66
  • Sold in April: 71
  • Average List Price: $315,046
  • Average Sales Price: $306,758 Days on the Market: 71
  • Ratio of List to Price 97.3%
  • Median List Price: $294,900
  • Median Sales Price: $282,000 Days on the Market: 52
  • Ratio of List to Price: 95.6%
  • Pending Sales Last Week: 39 Total pending sales: 177
  • Average Sales Price  April, 2009: $354,483
  • Median Sales Price  April, 2009: $275,500
  • Sold in  April, 2009: 71

The Average Sales price is down 11.1% compared to  April, 09 and up 8.8% compared to the previous month  March, 2010.

The Median Sales prices is up 7.0% compared April, 09 and up 13% compared to the previous month  March, 2010.

The number of sales is equal to  April, 2009 and up 1 compared to the previous month March, 2010.

Condo Analysis for Bellingham

  • Currently Active Listings: 273
  • Price range of active listings - $99,900 - $1,395,000
  • Average List Price $243,4669 Days on the Market: 164
  • Median List Price $171,00 Days on the Market: 124
  • Sold in  April: 24
  • Average List Price: $292,329
  • Average Sales Price: $275,982 Days on the Market: 45
  • Ratio of List to Price: 94.4%
  • Median List Price: $187,000
  • Median Sales Price: $183,250 Days on the Market: 14
  • Ratio of List to Price: 97.5%
  • Pending Sales Last Week: 11 Total pending sales: 62
  • Average Sales Price  April, 2009: $249,244
  • Median Sales Price  April, 2009: $235,000
  • Sold in  April, 2009: 17

Average Condo sale price is up 10.7% from  April, 2009 up $150 from the previous month - March, 2010.

Median Sales Price is down 22.0% from April, 2009 and up 6.4% from the previous month - March, 2010.

The number of sales is up 2 compared to April, 2009 and  up 6 compared to the previous month  - March, 2010.

If you look at the graph you can see that the  residential  market prices are on an overall downward trend but up a bit from last month

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

Posted in General, Market Reports
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