Bellingham Neighborhoods: November 2009

Guide Meridian Neighborhood Statistics - September 09'

The Guide Meridian neighborhood market statistics for September reflect the active, pending, & sold homes in the Guide Meridian area of Bellingham Real Estate market. You can use this information to help with pricing a property you might wish to sell or to help you determine value for a home you may be looking to buy. 

There are currently 20 homes for sale in the Guide Meridian neighborhood, 7 homes that are pending (under contract with mutual acceptance b/t buyer & seller) & 2 properties that have sold during the month of September 09' in the Guide Meridian neighborhood in Bellingham, WA.

Here's a breakdown of the activity in the Guide Meridian Neighborhood for the past month.

Guide Meridian Neighborhood Homes for Sale  

  • Median Price is $445,000
  • Average Market time: 136 days
  • Average Sq.ft: 2394
  • Guide Meridian Bank Owned Real Estate for Sale (0)
  • Guide Meridian Short Sales for Sale (1)
  • Guide Meridian Estate Sales for Sale (0)

  Guide Meridian Neighborhood Pending Sales

  Guide Meridian Neighborhood Sold Homes  

  • Median home price is $393,450
  • Average Market time: 231 days
  • Average Sq.ft: 2927
  • Guide Meridian Bank Owned Real Estate (0)
  • Guide Meridian Short Sales (0)
  • Guide Meridian Estate Sales (0)

I include Guide Meridian neighborhood distressed properties in the market reports because they have an impact on 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 a in a non-distressed transaction & thus, have a declining effect on the neighborhood market, as well as, the over Bellingham real estate market.

    *Below are charts showing changes in median price & number of homes in the Guide Meridian Neighborhood in the last 18 months.*


Median Price

The Chart below compares the historic median price of sold and active inventory in the Guide Meridian neighborhood.

 


   

Neighborhood Inventory

Neighborhood inventory is the number of active properties on the market and the number of homes sold in the Guide Meridian neighborhood.

 

 

Guide Meridian Neighborhood Residential Statistics

 

September

Active Listings

20

Pending Sales

7

Homes sold in the last 30 days

2

Absorption Rate

10 Months

Activity Index

3 Months

Average SP % LP

95.39%

 

  

Tara is a full time Realtor in the Bellingham, WA. As a buyer's agent she specializes in finding you under-valued properties:  good deals, bank owned real estate, short sales, estate sales, etc. As a Seller's agent your home will reach millions of buyers via internet, virtual tours, and target marketing to buyers looking to buy a property like yours.  She is well versed in real estate values, finance, and negotiation. Whether you're looking to relocate, buy, sell, or invest you're in good hands with Tara.  

Learn more about the 1st time Home buyers tax credit (1st time doesn't really mean 1st time)  

Search for  a Home or List your property today

Comment balloon 0 commentsTara Camp • November 08 2009 12:11AM
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