Dec. 10, 2010

Bellingham Real Estate Market Report: November, 2010

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

  • Currently Active Listings: 480
  • Price range of active listings: $68,000 - $4,500,000
  • New Listings November: 70
  • Average List Price: $451,955       Days on the Market: 138
  • Median List Price: $339,950
  • Sold in November: 49
  • Average Sales Price: $322,673     Days on the Market: 117
  • Median Sales Price: $281,500
  • Pending Sales in November: 80  Average List Price: $347,412   Days on the Market: 122
  • Sold in November, 2009: 88
  • Average Sales Price  November, 2009: $350,897
  • Median Sales Price  November, 2009: $278,750

The Average Sales price is down 8.0% compared to  November, 2009.

The Median Sales prices is up 1.0% compared November, 2009.

The number of sales is down 39 compared to  November, 2009.

Condo Analysis for Bellingham

  • Currently Active Listings: 186   New Listings November: 21
  • Price range of active listings - $69,900 - $1,400,000
  • Average List Price: $283,081  Days on the Market: 169
  • Median List Price $189,000
  • Sold in  November:  13
  • Average Sales Price: $203,885      Days on the Market: 219
  • Median Sales Price: $182,500
  • Pending Sales November: 10   Average List Price: $229,175 Days on the Market: 202
  • Sold in  November, 2009: 15
  • Average Sales Price  November, 2009: $199,186
  • Median Sales Price  November, 2009: $175,000

Average Condo sale price is up 2.4% from November, 2009

Median Sales Price is down 4.3% from November, 2009

The number of sales is down 2 compared to November, 2009

Looks like the residential sales prices are down from last year but condo's are up, but it looks like an overall downward trend.

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 Market Reports
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