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%
Homes sold in the last 30 days
Average SP % LP
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.
|Homes for Sale
|| Sold Homes
||1 Pending REO
||2 Short Sales
||1 Pending SS
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.
The Chart below compares the historic median price of sold and active inventory in the South Hill neighborhood.
Neighborhood inventory is the number of active properties on the market and the number of homes sold in the South Hill neighborhood.