Bellingham Neighborhoods: Columbia Neighborhood - Bellingham, Wa

Columbia Neighborhood - Bellingham, Wa

Columbia Neighborhood Market Statistics - Bellingham Real Estate

The Columbia neighborhood Market Statistics for the month of December shows the active, pending & sold homes in the Columbia 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.

 

Columbia Neighborhood Residential Statistics


 

December

Active Listings         

10

Pending Sales

6

Homes sold in the last 30 days

6

Absorption Rate

  1.6 Months

Activity Index

1.6 Months

Average SP % LP

97.92%

     In the Columbia Neighborhood, 10 homes are for sale, 6 homes are on pending (under contract with mutual acceptance b/t buyer & seller) & 6 homes has been sold during the month of December '09.

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


Homes for Sale
Sold Homes
Median Price $327,200
$270,000 $266,998
Average DOM's 138
69
53
Average Sq.ft 1782
1500
864
Bank Owned none
none
none
Short Sales
(1) Short Sale
(1) Short Sale on Pending none

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

Median Price

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

Neighborhood Inventory

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



As a Bellingham Realtor specializing in Bellingham Bank owned properties and Short Sales, Tara is familiar with the nuances of these transactions.   By buying right in this market, buyers can gain a better return on their money.  Tara can help you analyze properties based on your goals and exit strategy. As a marketing specialist she helps clients sell quicker with strategic pricing and aggressive marketing.  Whatever you need/goals in today's market, find a good agent to help, educate, & empower you.
 

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Comment balloon 0 commentsTara Camp • January 13 2010 05:35PM

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