The Birchwood neighborhood Market Statistics for the month of December shows the active, pending & sold homes in the Birchwood 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.
Birchwood Neighborhood Residential Statistics
December Active Listings 10 Pending Sales 2 Homes sold in the last 30 days 2 Absorption Rate 5 Months Activity Index 5 Months Average SP % LP 99.78 %
Homes sold in the last 30 days
Average SP % LP
In the Birchwood Neighborhood, 10 homes are for sale, 2 homes are on pending (under contract with mutual acceptance b/t buyer & seller) & 2 homes has been sold during the month of December '09.
| Homes for Sale
|| Sold Homes
|(2) Bank owned on pending
Included in this report is the Birchwood 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 Birchwood Neighborhood in the last 18 months.*
The Chart below compares the historic median price of sold and active inventory in the Birchwood neighborhood.
Neighborhood inventory is the number of active properties on the market and the number of homes sold in the Birchwood neighborhood.