Oct. 9, 2009

Bellingham Real Estate Market Report for September, 2009

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

Bellingham Real Estate Market Statitics

  • Currently Active Listings: 505
  • Price range of active listings - $124,900 - $4,500,000
  • Average List Price $507,076 Days on the Market: 118
  • Median List Price: $374,950 Days on the Market: 82
  • Sold in September: 82
  • Average List Price: $314,932
  • Average Sales Price: $304,221 Days on the Market: 75
  • Ratio of List to Price: 96.9%
  • Median List Price: $275,000
  • Median Sales Price: $260,000 Days on the Market: 48
  • Ratio of List to Price: 95.6%
  • Pending Sales Last Week: 35 Total pending sales: 177
  • Average Sales Price September2008: $391,516
  • Median Sales Price September2008: $326,650
  • Number Sold in September2008: 73

The Average Sales price is down 22.3% compared to September 08 and down 22.6% compared to the previous month August 09.

The Median Sales prices is down by 20.4% compared September 08 and down 25.0% compared to the previous  August 09.

The number of sales is up by 11 compared to September 08 and down by 3 compared to the previous month August 09.

Condo Analysis for Bellingham

Bellingham Real Estate Market Statitics

  • Currently Active Listings: 270
  • Price range of active listings - $109,300 - $1,565,000
  • Average List Price $226,326 Days on the Market: 127
  • Median List Price $183,900 Days on the Market: 78
  • Sold in September: 24
  • Average List Price: $221,400
  • Average Sales Price: $$214,253 Days on the Market: 129
  • Ratio of List to Price: 97.3%
  • Median List Price: $197,450
  • Median Sales Price: $192,375 Days on the Market: 67
  • Ratio of List to Price: 98.9%
  • Pending Sales Last Week: 7 Total pending sales: 50
  • Average Sales Price September, 2008: $229,858
  • Median Sales Price September, 2008: $180,000
  • Sold in September, 2008: 35

Average Condo sale price is down 6.8% from September 2008 and down 4.2% from the previous month - August 2009

Median Sales Price is down 6.9% from September 2008 and down 8.6% from the previous month - August 2009.

The number of sales is down by 9 compared to September 08 and up by 8 compared to the previous month August 09.

Bellingham Real Estate Market StatiticsIf you look at the graph you can see that prices took a bit of a dive in the  residential market with a slighter decrease in the condo market.  Where will the graph go next month is anybody's guess. Will the roller coaster ride of prices continue?........Tune in next 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.

There is only a short window of opportunity left for 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. You might want to talk to your banker to see what you can afford.

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

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Posted in General, Market Reports
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