The Silver Beach neighborhood Market Statistics for the month of December shows the active, pending & sold homes in the Silver Beach area of Bellingham Real Estate Market. Whether you are wishing to sell or invest in a house this month, the provided information below will help you in making the right decision.
Silver Beach Neighborhood Residential Statistics
December Active Listings 29 Pending Sales 5 Homes sold in the last 30 days 3 Absorption Rate 9.6 Months Activity Index 5.8 Months Average SP % LP 96.50%
Homes sold in the last 30 days
Average SP % LP
In the Silver Beach Neighborhood, 29 homes are for sale, 5 homes are on pending (under contract with mutual acceptance b/t buyer & seller) & 3 homes sold during the month of December '09.
Here's a breakdown of the activity in the Silver Beach Neighborhood for the past month.
|Homes for Sale
|Bank Owned||(1) Bank Owned
|| (1) Bank Owned Sold
||(1) Short Sale
||(1) Short Sale on Pending
Included in this report is the Silver Beach neighborhood distressed properties. More likely than not these properties has an impact on the prices in the neighborhood. If a given neighborhood has 5 distressed properties out of 6 sales, you can pretty much guarantee that the sales prices are going to be lower than in a non-distressed transaction & thus, have a declining effect on the neighborhood market, as well as, over all the Bellingham real estate market.
The Chart below compares the historic median price of sold and active inventory in the Silver Beach neighborhood.
Neighborhood inventory is the number of active properties on the market and the number of homes sold in the Silver Beach neighborhood.