Oct. 2, 2009

Sudden Valley Estate Market Report for August, 2009

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

Sudden Valley Real Estate Stats

There are currently 94 homes for sale. Homes are priced from $139,900 - $995,000

  • Average Asking Price is $308,201 Average Days on Market are 115 days
  • Median Asking Price is $274,950 Median Days on Market are 81 days
  • Sold in August: 13
  • Average Listing Price $272,400
  • Average Sold Price $266,538 Average Days on Market 66
  • Median Listing Price $225,000
  • Median Sold Price $232,000 Median Days on Market 31
  • Pending Sales Last Week: 4 Total pending sales: 34

  • Average Sales Price August 2008: $279,236
  • Median Sales Price August 2008: $270,899
  • Sold in August: 14

The Average Sales price is down 4.5% compared to August 08 and up 7.0% compared to July 09.

The Median Sales prices is down 14.4% compared to August 08 and down 1.2% compared to July 09.

The number of sales down by1 compared to  August 08 and is down by 3 units compared to July 09.

Condo Analysis for Sudden Valley

There are currently 12 condos for sale. Condos are priced from $69,900 - $350,000

  • Average List Price $218,967 Average Days on the Market: 110
  • Median List Price $227,900 Median Days on the Market: 95
  • Sold in August: 1
  • Average Listing Price $88,500
  • Average Sold Price $82,000 Average Days on Market 95
  • Median Listing Price $88,500
  • Median Sold Price $82,000 Median Days on Market 95
  • Pending Sales Last Week: 1 Total pending sales: 1
  • Average Sales Price August 2008: $154,750
  • Median Sales Price August 2008: $137,500
  • Sold in August 2008: 4

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.

You might want to talk to your banker to see what you can afford. 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 Sudden Valley homes or condos feel free to email me or give me a call at 360-739-6981.

Posted in Sudden Valley
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