Oct. 10, 2010

Bellingham Real Estate Market Report September, 2010

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


  • Currently Active Listings: 588
  • Price range of active listings: $55,000 - $4,500,000
  • New Listings September: 123
  • Average List Price September: $472,650       Days on the Market: 120
  • Median List Price: $364,950
  • Sold in September: 62
  • Average Sales Price: $387,870       Days on the Market: 132
  • Median Sales Price: $299,200
  • Pending Sales in September: 95  Average List Price: $315,908     Days on the Market: 111
  • Sold in September, 2009: 89
  • Average Sales Price  September, 2009: $302,219
  • Median Sales Price  September, 2009: $260,000

The Average Sales price is up 28.3% compared to  September, 09.

The Median Sales prices is up 15.1% compared September, 09.

The number of sales is down 27 compared to  September, 2009.

Condo Analysis for Bellingham

  • Currently Active Listings: 214   New Listings September: 27
  • Price range of active listings - $79,900 - $1,400,000
  • Average List Price September: $272,929  Days on the Market: 135
  • Median List Price $260,625
  • Sold in  September:  18
  • Average Sales Price: $233,528      Days on the Market: 83
  • Median Sales Price: $175,000
  • Pending Sales September: 23   Average List Price: $284,364  Days on the Market: 164
  • Sold in  September, 2009: 26
  • Average Sales Price  September, 2009: $210,926
  • Median Sales Price  September, 2009: $192,375

Average Condo sale price is up 10.7% from September, 2009

Median Sales Price is down 9.0% from September, 2009

The number of sales is down 8 compared to September, 2009

Looks like the number of sales is down but prices are up from last month and last year.

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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