Feb. 11, 2011

Bellingham Real Estate Market Report: January, 2011

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

  • Currently Active Listings: 414
  • Price range of active listings: $60,000 - $4,500,000
  • New Listings January: 92
  • Average List Price: $438,804 Days on the Market: 141
  • Median List Price: $329,000
  • Sold in January: 44
  • Average Sales Price: $307,248 Days on the Market: 119
  • Median Sales Price: $279,500
  • Pending Sales in January: 53 Average List Price: $284,801 Days on the Market: 116
  • Sold in January, 2010: 30
  • Average Sales Price January, 2010: $269,500
  • Median Sales Price January, 2010: $274,750

The Average Sales price is up 14.0% compared to January, 2010.

The Median Sales prices is up 1.8% compared January, 2010.

The number of sales is up 14 compared to January, 2010.

Condo Analysis for Bellingham

  • Currently Active Listings: 176 New Listings January: 37
  • Price range of active listings - $85,000 - $1,350,000
  • Sold in January: 6
  • Average Sales Price: $245,167 Days on the Market: 158
  • Median Sales Price: $185,000
  • Pending Sales January: 18 Average List Price: $290,044 Days on the Market: 173
  • Sold in January, 2010: 12
  • Average Sales Price January, 2010: $241,542
  • Median Sales Price January, 2010: $214,250

Average Condo sale price is up 1.5% from January, 2010

Median Sales Price is down 13.7% from January, 2010

The number of sales is down 6 compared to January, 2010

Looks like the residential market is up over last year in both price and number of sales. We'll keep watching to see where this market goes.

There is still a First Time Home Buyer Tax Credit Available through a program called the Mortgage Credit Certification. It is a Tax Credit paid on Mortgage interest.

Interest rates are still very 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 Real Estate feel free to email me at or give me a call at 360-739-6981

Posted in General, Market Reports
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