Bellingham Neighborhoods: Bellingham Neighborhoods - South Hill Neighborhood

Bellingham Neighborhoods - South Hill Neighborhood

South Hill Neighborhood Market Statistics - Bellingham Real Estate

The South Hill neighborhood Market Statistics for the month of November shows the active, pending & sold homes in the South Hill 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.

 

South Hill Neighborhood Residential Statistics


 

November

Active Listings

15

Pending Sales

5

Homes sold in the last 30 days

2

Absorption Rate

  7.5 Months

Activity Index

3 Months

Average SP % LP

95.19 %

 

     In the South Hill Neighborhood, 15 homes are for sale, 5 homes are on pending (under contract with mutual acceptance b/t buyer & seller) & 2 homes has been sold during the month of November '09.

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


South Hill Neighborhood Homes for Sale

South Hill Neighborhood Sold Homes
Median Price $499,900
$749,000 $636, 840
Average Market time 137
34
50
Average Sq.ft 2431
3012
3006
South Hill Bank Owned Real Estate  none
none
none
South Hill Short Sales for Sale
none
none
none

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

Median Price

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

Neighborhood Inventory

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





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 today's market, find a good agent to help, educate, & empower you.

 
 

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Comment balloon 2 commentsTara Camp • December 11 2009 01:58PM

Comments

Kudos for tainkg the initiative to organize your neighbors together. All it takes is one person to be a catalyst for action. Just getting to know your community members well enough to be on a first name basis is a great first step towards being prepared in an emergency.
Posted by Latif over 5 years ago
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Posted by cpymsbjtnyx over 5 years ago

Participate