Bellingham Neighborhoods: South Hill Neighborhood - Bellingham, Wa

South Hill Neighborhood - Bellingham, Wa

South Hill Neighborhood Market Statistics - Bellingham Real Estate

The South Hill neighborhood Market Statistics for the month of January shows the active, pending & sold homes in the South Hill area of Bellingham Real Estate Market. Whether you are wanting to sell or invest in a house this month, the provided information below will help you in making an informed decision.

  South Hill Neighborhood Residential Statistics


 

January

Active Listings

16

Pending Sales

2

Homes sold in the last 30 days

2

Absorption Rate

  8 Months

Activity Index

8 Months

Average SP % LP

89.95%

     In the South Hill Neighborhood, 16 homes are for sale, 2 homes are on pending (under contract with mutual acceptance b/t buyer & seller) & 2 homes sold during the month of January '09.

Activity in the South Hill Neighborhood for the Jan. 2010'

Homes for Sale
  Sold Homes
Median Price $509,450
$460,000 $770,000
Average DOM's 141
10
60
Average Sq.ft 2317
2411
3405
Bank Owned  none
1 Pending REO
none
Short Sales
2 Short Sales
1 Pending SS
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 Bellingham.  As a marketing specialist she helps clients sell quicker with strategic pricing and aggressive marketing. Tara can help you analyze properties based on your goals and exit strategy to maximize your investment. She specializes in bank owned homes & short sales, and is familiar with the nuances of these transactions. Whatever your goals, find a good agent to help, educate, & empower you.
 

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Comment balloon 0 commentsTara Camp • February 11 2010 11:57PM

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