The South Hill neighborhood Market Statistics for the month of December shows the active, pending & sold homes in the South Hill area of Bellingham Real Estate Market. Whether you are looking to sell or invest in a house this month, the provided information below will help you in making the right decision.
South Hill Neighborhood Residential Statistics
December Active Listings 12 Pending Sales 3 Homes sold in the last 30 days 3 Absorption Rate 4 Months Activity Index 4 Months Average SP % LP 94.42 %
Homes sold in the last 30 days
Average SP % LP
In the South Hill Neighborhood, 12 homes are for sale, 3 homes are on pending (under contract with mutual acceptance b/t buyer & seller) & 3 homes has been sold during the month of December '09.
Here's a breakdown of the activity in the South Hill Neighborhood for the past month.
|Homes for Sale
||(1) Bank Owned Pending
||(1) Short Sale
||(1) Short sale Pending
Included in this report is the South Hill neighborhood distressed properties. More likely than not these properties has an impact on the prices in the neighborhood. If a given neighborhood has 5 distressed properties out of 6 sales, you can pretty much guarantee that the sales prices are going to be lower than in a non-distressed transaction & thus, have a declining effect on the neighborhood market, as well as, over all the Bellingham real estate market.
The Chart below compares the historic median price of sold and active inventory in the South Hill neighborhood.
Neighborhood inventory is the number of active properties on the market and the number of homes sold in the South Hill neighborhood.