Bellingham Neighborhoods: Mt. Baker Neighborhood Market Statistics - September 09'

Mt. Baker Neighborhood Market Statistics - September 09'

The Mt. Baker neighborhood market statistics for September reflect the active, pending, & sold homes in the Mt. Baker 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 7 homes for sale in the Mt. Baker neighborhood, 4 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 Mt. Baker neighborhood in Bellingham, WA.

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

  Mt. Baker Neighborhood Homes for Sale  

  • Median Price is $549,000
  • Average Market time: 170 days
  • Average Sq.ft: 2822
  • Mt. Baker Bank Owned Real Estate for Sale (0)
  • Mt. Baker Short Sales for Sale (1)
  • Mt. Baker Estate Sales for Sale (0)

  Mt. Baker Neighborhood Pending Sales

  • Median Price is $194,450
  • Average Market time: 209 days
  • Average Sq.ft: 1477
  • Mt. Baker pending Bank Owned Real Estate (0)
  • Mt. Baker pending Short Sales (3)
  • Mt. Baker pending Estate Sales (0)

   Mt. Baker Neighborhood Sold Homes  

  • Median home price is $230,000
  • Average Market time: 20 days
  • Average Sq.ft: 1472
  • Mt. Baker Bank Owned Real Estate (0)
  • Mt. Baker Short Sales (0)
  • Mt. Baker Estate Sales (0)

I include Mt. Baker 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 Mt. Baker Neighborhood in the last 18 months.*    

Median Price

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

 

Neighborhood Inventory

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

 

Mt. Baker Neighborhood Residential Statistics

 

 

September

Active Listings

7

Pending Sales

4

Homes sold in the last 30 days

1

Absorption Rate

7 Months

Activity Index

2 Months

Average SP % LP

100.04 %

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)  

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Comment balloon 0 commentsTara Camp • November 08 2009 12:45AM

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