Bellingham Neighborhoods

Meridian/Cordata Neighborhood Market Report - Oct. 09'

Meridian/Cordata Neighborhood Market Statistics - Bellingham Real Estate

The Meridian neighborhood market statistics for October reflect the active, pending, & sold homes in the 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 5 homes for sale in the Meridian neighborhood, 2 homes that are pending (under contract with mutual acceptance b/t buyer & seller), & 4 properties that have sold during the month of October 09' in the Meridian neighborhood in Bellingham, WA.

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

  • Median Price is $289,900
  • Average Market time: 67 days
  • Meridian Area Bank Owned Real Estate for Sale (0)
  • Meridian Area Short Sales for Sale (1)
  • Meridian Area Estate Sales for Sale (0)
  • Median Price is $238,700
  • Average Market time: 38 days
  • Meridian Area pending bank owned real estate (0)
  • Meridian Area pending Short Sales (0)
  • Meridian Area pending Estate Sales (0)
  • Median home price is $270,750
  • Average Market time: 130 days
  • Meridian Area Bank Owned Real Estate (0)
  • Meridian Area Short Sales (0)
  • Meridian Area Estate Sales (0)

 

I include the 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 Meridian Neighborhood in the last 18 months.*
 
Median Price

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

Neighborhood Inventory

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

 

Meridian Neighborhood Residential Statistics

 

October

Active Listings

5

Pending Sales

2

Homes sold in the last 30 days

4

Absorption Rate

1 Month

Activity Index

2.5 Months

Average SP % LP

98.61%

 

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 todays market, find a good agent to help, educate, & empower you.

 

Learn more about the 1st time Home buyers tax credit extension & expansion for current home owners(1st time doesn't really mean 1st time)

Comment balloon 2 commentsTara Camp • November 30 2009 01:41PM
Meridian/Cordata Neighborhood Market Report - Oct. 09'
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