Nov. 28, 2009

Sudden Valley Estate Market Report for October, 2009

Sudden Calley Real Estate Stats

There are currently 87 homes for sale. Homes are priced from $139,900 - $995,000
  • Average Asking Price is $312,401 Average Days on Market are 107 days
  • Median Asking Price is $274,900 Median Days on Market are 72 days
  • Sold in October: 16
  • Average Listing Price $279,772
  • Average Sold Price $272,772 Average Days on Market 89
  • Median Listing Price $239,450
  • Median Sold Price $227,450 Median Days on Market 35
  • Pending Sales Last Week: 3 Total pending sales: 34
  • Average Sales Price October 2008: $255,850
  • Median Sales Price October 2008: $229,250
  • Sold in October 2008: 10

The Average Sales price is up 6.6% compared to October 08 and up 14.9% compared to September 09.

The Median Sales prices is down 0.1% compared to October 08 and down just $50  compared to September 09.87

The number of sales up by10 compared to  October 08 and is down by 1units compared to September 09.

Condo Analysis for Sudden Valley

There are currently 10 condos for sale. Condos are priced from $69,900 - $350,000

  • Average List Price $198,220 Average Days on the Market: 118
  • Median List Price $186,950 Median Days on the Market: 53
  • Sold in September: 0

Great news 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 has been extended until April 2010.  The new program will also expand the tax credit to include existing home owners who have owned a home for at least five of the last 8 years will be able to apply for tax credits of up to $6,500 when they purchase their next home.

You might want to talk to your banker to see what you can afford. Meanwhile interest rates are still extremely 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 Property feel free to email me at or give me a call at 360-739-6981

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