Bellingham Neighborhoods: Fairhaven Neighborhood Market Statistics - September 09'

Fairhaven Neighborhood Market Statistics - September 09'

The Fairhaven neighborhood market statistics for September reflect the active, pending, & sold homes in the Fairhaven 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 Fairhaven 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 Fairhaven neighborhood in Bellingham, WA.

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

Fairhaven Neighborhood Homes for Sale  

  • Median Price is $549,000
  • Average Market time: 111 days
  • Average Sq.ft: 1824
  • Fairhaven Bank Owned Real Estate for Sale (0)
  • Fairhaven Short Sales for Sale (0)
  • Fairhaven Estate Sales for Sale (0)

 
Fairhaven Neighborhood Pending Sales  

  • Median Price is $419,000 
  • Average Market time: 72 days
  • Average Sq.ft: 2245
  • Fairhaven pending Bank Owned Real Estate (0)
  • Fairhaven pending Short Sales (0)
  • Fairhaven pending Estate Sales (0)

  Fairhaven Neighborhood Sold Homes  

  • Median home price is $115,000 
  • Average Market time: 75 days
  • Average Sq.ft: 1292
  • Fairhaven Bank Owned Real Estate (0)
  • Fairhaven Short Sales (0)
  • Fairhaven Estate Sales (0)

I include Fairhaven 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 Fairhaven Neighborhood in the last 18 months.*    

 Median Price

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

 


   

Neighborhood Inventory

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

 

 

Fairhaven Neighborhood Residential Statistics

 

September

Active Listings

7

Pending Sales

2

Homes sold in the last 30 days

1

Absorption Rate

7 Months

Activity Index

3.5 Months

Average SP % LP

89.15%

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 12:54AM

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