The following is a quick analysis of the Sudden Valley Real Estate Market.

There are currently 96 homes for sale. Homes are priced from $109,900 – $789,000

• Average Asking Price is $302,759 Average Days on Market is 112
• Median Asking Price is $272,450 Median Days on Market is 77
  
• Sold in February: 9
• Average Listing Price $252,021
• Average Sold Price $246,055 Average Days on Market69
• Median Listing Price $239,000
• Median Sold Price $239,000 Median Days on Market 67
• Pending Sales Last Week: 6 Total pending sales: 29

• Average Sales Price February, 2009: $293,784
• Median Sales Price February, 2009: $312,450
• Sold in February, 2009: 10

The Average Sales price is down 16.2% compared to February, 09 and down 12.9% compared to last month – January, 2010.

The Median Sales prices is down 23.5% compared to February, 09 and down 12.8% compared to last month – January, 2010.

The number of sales down 1 compared to February, 09 and is up 2 units compared to last month – January, 2010.

Condo Analysis for Sudden Valley

There are currently 12 condos for sale. Condos are priced from $62,500 – $325,000

• Average List Price $180,467 Average Days on the Market: 131
• Median List Price $183,700 Median Days on the Market: 98
• Sold in February: 0
• Average Listing Price $139,500
• Average Sold Price $132,500 Average Days on Market 67
• Median Listing Price $139,500
• Median Sold Price $132,500 Median Days on Market 67
• Pending Sales Last Week: 1 Total pending sales: 1

The Average Sales price is down 12.4% compared to February 09 and down 12.9% compared to the previous month January 2010.

The Median Sales prices is down 10.5% compared February 09 and down 6.4% compared to the previous month January 2010.

The number of sales is up 11 compared to February 2009 and down 44 compared to the previous month January 2010.

Condo Analysis for Bellingham

• Currently Active Listings: 248
• Price range of active listings – $90,000 – $1,395,000
• Average List Price $245,189 Days on the Market: 161
• Median List Price $184,608 Days on the Market: 192
• Sold in February : 12
  
• Average List Price: $240,879
• Average Sales Price: $232,631 Days on the Market: 134
• Ratio of List to Price: 96.6%
• Median List Price: $192,950
• Median Sales Price: $183,085 Days on the Market: 63
  
• Ratio of List to Price: 94.9%
• Pending Sales Last Week: 5Total pending sales: 34

• Average Sales Price February, 2009: $228,849
• Median Sales Price February, 2009: $209,500
• Sold in February, 2009: 13

Average Condo sale price is up 1.7% from February, 2009 and down 4.8% from the previous month – January 2010.

Median Sales Price is down 12.5% from February, 2009 and down 16.4% from the previous month – January 2010.

The number of sales is down 1 compared to February, 2009 and  up 1 compared to the previous month  – January 2010.

If you look at the graph you can see that the  residential  market price is  heading down a bit. We’re still up 3.3% since 2005

Will the roller coaster ride of prices continue?……..Tune in next month

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 has also expanded the tax credit to include existing home owners who have owned a home for at least five of the last 8 years. You will be able to apply for tax credits of up to $6,500 when you purchase your 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

The following is a quick analysis of the Sudden Valley Real Estate Market.

There are currently 96 homes for sale. Homes are priced from $109,900 – $789,000

• Average Asking Price is $293,932 Average Days on Market is 114
• Median Asking Price is $269,900 Median Days on Market is 81
• Sold in January: 7
• Average Listing Price $300,243
• Average Sold Price $288,914 Average Days on Market 47
• Median Listing Price $279,000
• Median Sold Price $274,000 Median Days on Market 35
• Pending Sales Last Week: 6 Total pending sales: 29

• Average Sales Price January, 2009: $293,784
• Median Sales Price January, 2009: $312,450
• Sold in January, 2009: 10

The Average Sales price is down 1.7% compared to January, 09 and up 27.7% compared to December 09.

The Median Sales prices is down 12.3% compared to January, 09 and up 21.3% compared to December 09.

The number of sales down 3 compared to January, 09 and is down 7 unit compared to December 09.

Condo Analysis for Sudden Valley

There are currently 11 condos for sale. Condos are priced from $69,900 – $298,000

• Average List Price $159,364 Average Days on the Market: 131
• Median List Price $164,900 Median Days on the Market: 98
• Sold in January: 1
• Average Listing Price $139,500
• Average Sold Price $132,500 Average Days on Market 67
• Median Listing Price $139,500
• Median Sold Price $132,500 Median Days on Market 67
• Pending Sales Last Week: 1 Total pending sales: 1

The Average Sales price is up 14.5% compared to January 09 and up 2.5% compared to the previous month December 09.

The Median Sales prices is down 6.2% compared January 09 and down 2.8% compared to the previous  December 09.

The number of sales is down 10 compared to January 2009 and down 44 compared to the previous month December 09.

Condo Analysis for Bellingham

• Currently Active Listings: 241
• Price range of active listings – $105,000 – $1,565,000
• Average List Price $236,703 Days on the Market: 146
• Median List Price $179,900 Days on the Market: 181
• Sold in January: 11
  
• Average List Price: $257,509
• Average Sales Price: $244,455 Days on the Market: 120
• Ratio of List to Price: 97.1%
• Median List Price: $229,900
• Median Sales Price: $219,000 Days on the Market: 89
  
• Ratio of List to Price: 99.5%
• Pending Sales Last Week: 4 Total pending sales: 27

• Average Sales Price January, 2009: $210,200
• Median Sales Price January, 2009: $209,500
• Sold in January, 2009: 23

Average Condo sale price is up 16.2% from January 2009 and up 26.6% from the previous month – December 2009

Median Sales Price is up 4.7% from January 2009 and up 33.5% from the previous month – December 2009.

The number of sales is down 22 compared to January 2009 and  down 8 compared to the previous month  – December 09.

If you look at the graph you can see that the  residential and condo market prices  have taken a slight up tick.

Homes under $300,00 have been selling well and it seems like the higher end of the market which has been pretty stagnant is starting to move again as well. The absorption rates have gone down meaning number of  homes sold per month over a particular period of time has gone down. The number of months to sell is a reflection of the absorption rate, how long it will take to sell the current inventory at the said absorption rate.

Will the roller coaster ride of prices continue?……..Tune in next month

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 has also expanded the tax credit to include existing home owners who have owned a home for at least five of the last 8 years. You will be able to apply for tax credits of up to $6,500 when you purchase your 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

The following is a quick analysis of the Sudden Valley Estate Market.

There are currently 80 homes for sale. Homes are priced from $129,900 – $795,000

• Average Asking Price is $295,600 Average Days on Market is 114
• Median Asking Price is $266,750 Median Days on Market is 88
• Sold in December: 14
• Average Listing Price $235,163
• Average Sold Price $226,164 Average Days on Market 115
• Median Listing Price $222,400
• Median Sold Price $225,900 Median Days on Market 87
• Pending Sales Last Week: 2 Total pending sales: 28

• Average Sales Price December 2008: $255,137
• Median Sales Price December 2008: $246,500
• Sold in December 2008: 12

The Average Sales price is down 11.5% compared to December 08 and down 18.3% compared to November 09.

The Median Sales prices is down 8.4% compared to December08 and up 2.7% compared to November 09.

The number of sales up by 2 compared to December 08 and is down by 1 unit compared to November 09.

Condo Analysis for Sudden Valley

There are currently 9 condos for sale. Condos are priced from $69,900 – $264,000

• Average List Price $163,929 Average Days on the Market: 145
• Median List Price $174,900 Median Days on the Market: 63
• Sold in December: 3
• Average Listing Price $151,300
• Average Sold Price $136,667 Average Days on Market 38
• Median Listing Price $165,000
• Median Sold Price $149,000 Median Days on Market 37
• Pending Sales Last Week: 1 Total pending sales: 3

• Sold in December 2008: 0

Sudden Valley Sales have picked up a bit this year, prices have been up and down over the year ending on a falling trend.

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 has also expanded the tax credit to include existing home owners who have owned a home for at least five of the last 8 years. You will be able to apply for tax credits of up to $6,500 when you purchase your 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

The Average Sales price is up 1.6% compared to December 08 and down 12.1% compared to the previous month November 09.

The Median Sales prices is up 8.1% compared December 08 and down 1.9% compared to the previous  November 09.

The number of sales is up by 23 compared to December 2008 and down by 15 compared to the previous month November 09.

Condo Analysis for Bellingham

• Currently Active Listings: 233
• Price range of active listings – $109,900 – $1,565,000
• Average List Price $244,603 Days on the Market: 158
• Median List Price $183,000 Days on the Market: 156
• Sold in December: 19
  
• Average List Price: $198,700
• Average Sales Price: $193,038 Days on the Market: 114
• Ratio of List to Price: 97.1%
• Median List Price: $164,900
• Median Sales Price: $164,000 Days on the Market: 73
  
• Ratio of List to Price: 99.5%
• Pending Sales Last Week: 9 Total pending sales: 23

• Average Sales Price December, 2008: $200,792
• Median Sales Price December, 2008: $184,900
• Sold in December, 2008: 17

Average Condo sale price is down 3.8% from December  2008 and down 3.4% from the previous month – November 2009

Median Sales Price is down 18.3% from December 2008 and down 6.3% from the previous month – November 2009.

The number of sales is down 2 compared to December 2008 and  up 4 compared to the previous month November 09.

If you look at the graph you can see that prices the  residential market have gone up in the first part of the year than took a dip, climbed back up and took a dip again in December. Condos went up and pretty much came down. Will the roller coaster ride of prices continue?……..Tune in next month

Homes under $300,00 have been selling well and itt seems like the higher end of the market which has been pretty stagnant is starting to move again as well. The absorption rates have gone down meaning number of  homes sold per month over a particular period of time has gone down. The number of months to sell is a reflection of the absorption rate, how long it will take to sell the current inventory at the said absorption rate.

Will the roller coaster ride of prices continue?……..Tune in next month

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 has also expanded the tax credit to include existing home owners who have owned a home for at least five of the last 8 years. You will be able to apply for tax credits of up to $6,500 when you purchase your 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

• Average Sales Price November 2008: $155,000
• Median Sales Price November 2008: $155,000
• Sold in November 2008: 1

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

• 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