July 10, 2009

Sudden Valley Real Estate Market Report for June, 2009

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

Sudden Valley Real Estate Chart

There are currently 117 homes for sale. Homes are priced from $110,000 - $995,000

  • Average Asking Price is $336,076 Average Days on Market are 114 days
  • Median Asking Price is $299,000 Median Days on Market are 61 days
  • Sold in June: 22
  • Average Listing Price $230,600
  • Average Sold Price $217,895 Average Days on Market 124
  • Median Listing Price $234,950
  • Median Sold Price $220,450 Median Days on Market 81
  • Pending Sales Last Week: 6 Total pending sales: 36

  • Average Sales Price June 2008: $281,313
  • Median Sales Price June 2008: $256,250
  • Sold in June 2008: 8
  • The Average Sales price is down 22.5% compared to June 08 and down 19.6% compared to last month May 09.

    The Median Sales prices is down 14.0% compared to June 08 and down 4.3% compared to last month May 09.

    The number of sales is up by 14 or 175% to June 08 and is up by 17 or 340% compared to last month May 09.

    Condo Analysis for Sudden Valley

    There are currently 8 condos for sale. Condos are priced from $89,500 - $299,900

    • Average List Price $209,013 Average Days on the Market: 146
    • Median List Price $209,950 Median Days on the Market: 96
    • Sold in June: 2
    • Average Listing Price $134,400
    • Average Sold Price $128,000 Average Days on Market 44
    • Median Listing Price $134,400
    • Median Sold Price $128,000 Median Days on Market 43
    • Pending Sales Last Week: 1 Total pending sales: 3
  • Average Sales Price June 2008: $144,167
  • Median Sales Price June 2008: $89,500
  • Sold in June 2008: 3
  • There are some great values in the Sudden Valley market right now, and interest rates are still extremely low.

    Don't forget about 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, ask your lender about using that tax credit for part of you downpayment or closing costs.

    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.

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