The South neighborhood Market Statistics for the month of January shows the active, pending & sold homes in the South 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 Neighborhood Residential Statistics
January Active Listings 5 Pending Sales 1 Homes sold in the last 30 days 0 Absorption Rate - Activity Index 5 Months Average SP % LP -
Homes sold in the last 30 days
Average SP % LP
In the South Neighborhood, 5 homes are for sale, 1 home is on pending (under contract with mutual acceptance b/t buyer & seller) & no home sold during the month of January '09.
|Homes for Sale
|| No Sold Home
||1 Pending REO
||1 Short Sale
Included in this report is the South 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.
The Chart below compares the historic median price of sold and active inventory in the South neighborhood.
Neighborhood inventory is the number of active properties on the market and the number of homes sold in the South neighborhood.