Whatcom Home Stats: Whatcom County Real Estate - Whatcom County and Bellingham Market Statistics

Whatcom County Real Estate - Whatcom County and Bellingham Market Statistics

Residential Only

Whatcom Co

Bellingham

Total Active Listings

1697

698

Avg List Price

$462,030

$524,663

Avg Sales Price $340,100 $379,751

AVG Days on Market

119

115

Total Pending  - 

249

112

Total Sold  - Last 6 Months

924

466

AVG Pending Price -

$325,057

$356,387

AVG Sold Price - Last 6 Months

$340,100

$379,024

AVG Pended Days on Market -

99

93

AVG Sold Days on Market 

96

90

 
Tuesday, September 09, 2008
 
Whatcom County inventory is the same as last month with average prices declining slightly.  Year over year, sales are down by about 33%.
 
The Bellingham residential market inventory is steady over last month and pending rates have declined by about 20%
 
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.
 
3.  Pre-Inspect your home so that it's move-in ready.
 
The Great news for sellers is that interest rates have fallen dramatically and this should spur buyers to buy.
 
 
 
Comment balloon 0 commentsTara Camp • September 09 2008 10:41AM

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