Bellingham Neighborhoods: January 2010

Samish Neighborhood - Bellingham, Wa

Samish Neighborhood Market Statistics - Bellingham Real Estate

The Samish neighborhood Market Statistics for the month of December shows the active, pending & sold homes in the Samish 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.

 

  Samish Neighborhood Residential Statistics


 

December

Active Listings

14

Pending Sales

3

Homes sold in the last 30 days

2

Absorption Rate

  7 Months

Activity Index

4.6 Months

Average SP % LP

97.8%

     In the Samish Neighborhood, 14 homes are for sale, 3 homes are on pending (under contract with mutual acceptance b/t buyer & seller) & 2 homes sold during the month of December '09.

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


Homes for Sale
 Sold Homes
Median Price $417,000
$298,000
$274,500
Average DOM's 133
100
5
Average Sq.ft 2676
2702
1501
Bank Owned none
none
none
Short Sales
(1) Short Sale
(2) Short Sales on Pending
none

     Included in this report is the Samish 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 Samish Neighborhood in the last 18 months.*

Median Price

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

Neighborhood Inventory

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




As a Bellingham Realtor specializing in Bellingham Bank owned properties and Short Sales, Tara is familiar with the nuances of these transactions.   By buying right in this market, buyers can gain a better return on their money.  Tara can help you analyze properties based on your goals and exit strategy. As a marketing specialist she helps clients sell quicker with strategic pricing and aggressive marketing.  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 1 commentTara Camp • January 27 2010 11:20PM
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