Whatcom Home Stats: Whatcom County Market Statistics - July

Whatcom County Market Statistics - July

Residential Only

Whatcom Co

Bellingham

Total Active Listings

1779

683

Avg List Price

$340,938

$390,108

Avg Sales Price $330,798 $379,024

AVG Days on Market

101

108

Total Pending  - 

311

132

Total Sold  - Last 6 Months

892

439

AVG Pending Price -

$336,969

$356,387

AVG Sold Price - Last 6 Months

$330,798

$379,024

AVG Pended Days on Market -

91

74

AVG Sold Days on Market 

99

91


Monday, August 18, 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 up over last month and pending rates have pretty much stayed the same
 
What does all this mean? 
 
It's a buyer's market, which means buyer's have more properties to choose from and greater negotiation power.
 
Seller's must so 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 can you, as a seller, 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 upwards for years to come and lending standards tightening you may want to research your options for other ways to sell your property.   
 
 
 
Comment balloon 0 commentsTara Camp • August 22 2008 07:08PM

Comments

Participate