Weekly Market Update for Bellingham, WA

Weekly Review of Bellingham’s Real Estate Market 2/24/08 - 3/01/08

Bellingham’s real estate market is still holding up quite well. There were 27 homes listed this week. The average price of new listings was $366,649 with a median price of $310,000. There were no foreclosures listed in Bellingham this week. Currently, there are 490 homes on the market in Bellingham, WA.


Bellingham Homes Pending and STI

12 homes pended this week in Bellingham. The average price was $312,713 with a median price of $284,900. The average days on market for pending homes this week was 133. Overall the market has really picked up since the beginning of 2008. The number of weekly new listings and weekly sales has held fairly steady and the market is on pace to have a great year.


Sold Homes in Bellingham, WA

The big news in the Bellingham real estate market comes in the number of sold properties. 28 homes sold in Bellingham this week, which is the biggest week so far in 2008. The average listing price of homes sold was $432,879 with a closed sales price average of $416,167 (96% sale to list price). It has been months since more homes sold than were listed in Bellingham, so these are very positive numbers for local home sellers.

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