Bellingham Neighborhoods: Lettered Streets Neighborhood

Lettered Streets Neighborhood

The Lettered Streets neighborhood market statistics for September reflect the active, pending, & sold homes in the Lettered Streets 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 4 homes for sale in the Lettered Streets neighborhood, 2 homes that are pending (under contract with mutual acceptance b/t buyer & seller) & 1 property that has been sold during the month of September 09' in the Lettered Streets neighborhood in Bellingham, WA.

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

Lettered Streets Neighborhood Homes for Sale  

  • Median Price is $292,250
  • Average Market time: 47 days
  • Average Sq.ft: 1170
  • Lettered Streets Bank Owned Real Estate for Sale (0)
  • Lettered Streets Short Sales for Sale (0)
  • Lettered Streets Estate Sales for Sale (0)

  Lettered Streets Neighborhood Pending Sales- (*links will expire in 30 days)  

  • Median Price is $282,000
  • Average Market time: 59 days
  • Average Sq.ft: 1142
  • Lettered Streets pending Bank Owned Real Estate (0)
  • Lettered Streets pending Short Sales (0)
  • Lettered Streets pending Estate Sales (0)

  Lettered Streets Neighborhood Sold Homes - September 09' (*links will expire in 30 days)  

  • Median home price is $150,000
  • Average Market time: 13 days
  • Average Sq.ft: 753
  • Lettered Streets Bank Owned Real Estate (0)
  • Lettered Streets Short Sales (0)
  • Lettered Streets Estate Sales (0)

I include Lettered Streets 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 Lettered Streets Neighborhood in the last 18 months.*    

Median Price

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

 

Neighborhood Inventory

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

 

 

Lettered Streets Neighborhood Residential Statistics

 

September

Active Listings

4

Pending Sales

2

Homes sold in the last 30 days

1

Absorption Rate

4 Months

Activity Index

2 Months

Average SP % LP

93.78%

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 • October 24 2009 11:15PM

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