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

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 ($183/sq.ft.). The average days on market for pending residential home this week in Bellingham was 116 days.


Weekly Homes Sold in Bellingham

The number of homes sold this week in Bellingham held strong at 11. This was mostly due to the increased activity from January. The average listing price of sold homes was $407,582 ($261/sq.ft.) with an average sold price of $395,082 (97% list price to sold price ratio). The average days on market for homes sold in Bellingham this week was 145.


Next week will be the monthly and year to date reviews for the Bellingham real estate market, so stay tuned…

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