Bellingham Neighborhoods: Silver Beach Neighborhood - Bellingham, Wa

Silver Beach Neighborhood - Bellingham, Wa

Silver Beach Neighborhood Market Statistics - Bellingham Real Estate

The Silver Beach neighborhood Market Statistics for the month of January shows the active, pending & sold homes in the Silver Beach 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.

 

  Silver Beach Neighborhood Residential Statistics


 

January

Active Listings

30

Pending Sales

7

Homes sold in the last 30 days

3

Absorption Rate

10 Months

Activity Index

4 Months

Average SP % LP

96.74%

 

     In the Silver Beach Neighborhood, 30 homes are for sale, 7 homes are on pending (under contract with mutual acceptance b/t buyer & seller) & 3 homes sold during the month of January '09.

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

Homes for Sale
  Sold Homes
Median Price $419,925
$299,900 $258,000
Average DOM's 87
85
89
Average Sq.ft 2665
2374
1871
Bank Owned  1 Bank Owned
none
none
Short Sales
1 Short Sale
2 Pending SS
none

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

Median Price

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

Neighborhood Inventory

Neighborhood inventory is the number of active properties on the market and the number of homes sold in the Silver Beach 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.
 
 

Search for a Home or List your property today

Comment balloon 0 commentsTara Camp • February 26 2010 08:01PM

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