Bellingham Neighborhoods: December 2009

Bellingham Neighborhoods - Sunny Land Neighborhood

Sunny Land Neighborhood Market Statistics - Bellingham Real Estate

The Sunny Land neighborhood Market Statistics for the month of November shows the active, pending & sold homes in the Sunny Land 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.

 

 Sunny Land Neighborhood Residential Statistics


 

November

Active Listings

8

Pending Sales

5

Homes sold in the last 30 days

2

Absorption Rate

  4 Months

Activity Index

1.6 Months

Average SP % LP

94.45 %

 

     In the Sunny Land Neighborhood, 8 homes are for sale, 5 homes are on pending (under contract with mutual acceptance b/t buyer & seller) & 2 homes has been sold during the month of November '09.

 

Here's a breakdown of the activity in the Sunny Land Neighborhood for the past month.


Sunny Land Neighborhood Homes for Sale


Sunny Land Neighborhood Sold Homes

Median Price $244,950
$199,000 $198,250
Average Market time 105
92
53
Average Sq.ft 1337
1306
1105
Sunny Land Bank Owned Real Estate  none
none
none
Sunny Land Short Sales for Sale
none
  4 Short sales on pending
none

     Included in this report is the Sunny Land 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.

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

Median Price

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

Neighborhood Inventory

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




Tara is a full time real estate consultant in Whatcom & Skagit Counties.  As a marketing specialist she helps clients sell quicker with strategic pricing and aggressive marketing. Buyers, gain a better return on your money by buying right in this market.  Tara can help you analyze properties based on your goals and exit strategy. She specializes in bank owned homes & short sales, and is familiar with the nuances of these transactions. Whatever you need/goals in today's market, find a good agent to help, educate, & empower you.

 
 

Search for a Home or List your property today

Comment balloon 0 commentsTara Camp • December 27 2009 11:23PM
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