|
Residential Only |
||
|
Total Active Listings |
1740 |
666 |
|
Avg List Price |
$453,825 |
$516,662 |
| Avg Sales Price | $351 ,725 | $425, 321 |
|
AVG Days on Market |
111 |
106 |
|
Total Pending - |
301 |
130 |
|
Total Sold - Last 6 Months |
871 |
420 |
|
AVG Pending Price - |
$345,165 |
$367,281 |
|
AVG Sold Price - Last 6 Months |
$325,467 |
$358,632 |
|
AVG Pended Days on Market - |
91 |
71 |
|
AVG Sold Days on Market |
105 |
98 |
Sunday, July 13, 2008
Whatcom County inventory is the same as last month with average prices declining slightly. Year over year, sales are down by about 35%.
The Bellingham residential market inventory is declining over last month and pending rates have improved by over a third since last month.
What does all this mean?
Well, our market is still holding it's value for the most part, compared to the rest of the state/country.
It's a buyer's market, which means buyer's have more properties to choose from and greater negotiation power.
Seller's must do something to differentiate their property from all the others.
1. Offer Seller Concessions to help with down payment and closing cost. Contact me to find out how you , as a seller/buyer, can benefit from this.
2. Offer Creative Financing - This can be advantageous to all parties involved. I personally would never sell a personal property any other way! O.k., there's one exception.
3. Pre-Inspect your home so that it's move-in ready.
With Interest rates most likely to move upwards for years to come and lending standards tightening, you may want to research your options for other ways to sell your property.
