Nov. 5, 2010

Bellingham Real Estate Market Report: October, 2010

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

  • Currently Active Listings: 545
  • Price range of active listings: $68,000 - $4,500,000
  • New Listings October: 90
  • Average List Price October: $453,333       Days on the Market: 124
  • Median List Price: $349,925
  • Sold in October: 65
  • Average Sales Price: $333,597     Days on the Market: 129
  • Median Sales Price: $286,000
  • Pending Sales in October: 85  Average List Price: $342,322   Days on the Market: 127
  • Sold in October, 2009: 79
  • Average Sales Price  October, 2009: $327,095
  • Median Sales Price  October, 2009: $273,000

The Average Sales price is up 19.9% compared to  October, 2009.

The Median Sales prices is up 5.8% compared October, 2009.

The number of sales is down 14 compared to  October, 2009.

Condo Analysis for Bellingham

  • Currently Active Listings: 186   New Listings October: 18
  • Price range of active listings - $69,900 - $1,400,000
  • Average List Price October: $282,537  Days on the Market: 154
  • Median List Price $257,396
  • Sold in  October:  19
  • Average Sales Price: $265909      Days on the Market: 271
  • Median Sales Price: $175,000
  • Pending Sales October: 17   Average List Price: $202,653 Days on the Market: 126
  • Sold in  October, 2009: 37
  • Average Sales Price  October, 2009: $201,597
  • Median Sales Price  October, 2009: $179,300

Average Condo sale price is up 31.9% from October, 2009

Median Sales Price is down 2.4% from October, 2009

The number of sales is down 18 compared to October, 2009

Looks like the prices are up from last year but down from last month,but it looks like an overall downward trend. Condos on the other hand seem to be surprisingly trending up (I think 2 condo sales close to $1,000,000 each skewed the average.)

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 at an all time 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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