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Bellingham Real Estate Market Update For 2/17/08 - 2/23/08

This week a steady rise in inventory continued in Bellingham. 30 new listings came on the market, which is the most for any week this year. The average price was $507,555 ($211/sq.ft.), with a median price of $416,750 ($232/sq.ft.). The average price was a bit skewed this week due to a couple of $1,000,000+ listings. Currently there are 494 residential homes on the market in Bellingham.


Bellingham Residential Pending and STI

Not only were the number of new listings up this week, but the number of pending sales were down this week. Only 7 homes pended and became “Active Subject to Inspection” this week. The average price was $326,514 ($170/sq.ft.) with a median price of $292,000…

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Bellingham Condo Market Update for Feb 10th - Feb 16th

This week in the Bellingham condo market we noticed a significant upward shift in activity. While only 5 new listings came on the market, 13 condos pended and 10 closed. The average price of the new condos was $329,080 (265/sq.ft) with a median price of $274,500 ($235/sq.ft.). There are currently 266 condos on the market in Bellingham.

Bellingham Pending Condos

7 of the 13 pending condos this week were in Darby Estates. The average price of the Darby Estates condos was $194,281 (138/sq.ft). The average price of the total condos pending in Bellingham this week was $225,213 ($170/sq.ft.) with a median price of $192,995 ($137/sq.ft.)

Bellingham Sold Condos

There were also 10 closed sales…

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Weekly Review of Bellingham’s Real Estate Market 2/10/08 - 2/16/08

This week in Bellingham, 23 new homes were listed with an average price of $400,143 and a median price of $319,500. It appears as though the level of new inventory has stabilized in Bellingham. Over the last several weeks the number of homes coming on the market has been rising. A healthy market in Bellingham can absorb 20 new listings weekly, but when that number gets pushed to 30 and beyond the market runs the risk of over saturation.

In regard to the Bellingham foreclosure watch, 2 foreclosure homes did come on the market this week. Bellingham has been averaging 1 foreclosure a week since the beginning of 2008. While foreclosures are not good, an average of one foreclosure a week…

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Condo Update for Bellingham, WA Feb 3rd through Feb 9th

The same as last week, 11 new condos were listed in Bellingham. The average price of these condos was $263,413 ($240/sq.ft.) with a median price of $239,900 ($203/sq.ft.). 4 of the 11 listings were a new smaller condominium project located in Birchwood. The Baldwin Estates condos are townhouse style condos being offered at an average price of $238,375 ($202/sq.ft.). At just under 1,200 sq.ft., the Baldwin Estates condos are not too bad of a deal.

 
In other condo news this week, there were 3 pending sales in Bellingham. The average price of these 3 condos was $379,100 ($288/sq.ft.) with a median price of $497,000 ($346/sq.ft.). It is great to see that the average price per square feet of condos…

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Weekly Review of Bellingham’s Real Estate Market 2/03/08 - 2/09/08

In this first full week of February, 2008 we observed a sharp increase in the number of homes listed for sale in Bellingham. The average number of homes listed per week has been 17, but 27 new homes came on the market this week. The average price of homes listed this week was $470,676 with a median home price of $304,900. There are currently 489 homes on the market in Bellingham.

Despite the number of new homes increasing, the number of sales has held steady. Again this week there were 12 homes that pending in Bellingham. The average price of these pending homes was $384,746 with a median price of $372,450.

What is New on the Market this Week?

This week there were some really…

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New Condos Listed in Bellingham

This week in the Bellingham condo market 11 new condos were listed. However, 8 of the 11 new condos listed were part of phase 3 of the Centre Pointe Condominiums. The Centre Point Condominiums are in the 3rd and final phase. The average price of the Centre Point Condos in Phase 3 is $256,388 ($248/sq.ft.).

The average price for condos listed in Bellingham this week was $243,990 ($227/sq.ft) with a median price of Median Price $247,900 ($234/sq.ft.).

 

Bellingham Condos Pending this Week 

Only 4 condos pended this week in Bellingham. The average price of these pending condos was $233,157 ($174/sq.ft.) with a median price of $211,363 ($155/sq.ft.). The average days on market was 129.
 

10 Bellingham Condos Sold this…

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Bellingham’s Real Estate Market for 1/27/08 - 2/02/08

The real estate market held strong again this week in Bellingham. 20 new homes were listed with an average price of $416,308 and median price of $354,950. 16 homes pended this week with an average price of $317,209 and median price of $269,450. The average days on market for homes that pended was 103.

Good Signs in January for Bellingham’s Real Estate Market

Overall, it was a pretty good month in Bellingham. The total number of sales was down from the Jan 2007 total of 77 to 59 in Jan 2008. The drop in closed sales was due to the slow market in Dec 2007. However, I imagine that we will see total sales really pick up in February due to the activity that we have experienced this January.

What…

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2007 Year End Statistics for Whatcom County - Residential Homes

Whatcom County Homes Sold Avg. Price Sq.Ft. Price/Sq.Ft. DOM Bellingham 1,224 $376,425 1,945 $193.53 94 Lynden 216 $318,310 2,052 $155.12 92 Birch Bay & Blaine 348 $328,415 1,803 $182.15 119 Everson 95 $294,754 1,930 $152.72 … Read Full Post