Bellingham Neighborhoods: Puget Neighborhood - Bellingham, Wa

Puget Neighborhood - Bellingham, Wa

Puget Neighborhood Market Statistics - Bellingham Real Estate

The Puget neighborhood Market Statistics for the month of March shows the active, pending & sold homes in the Puget area of Bellingham Real Estate Market. Whether you are looking to sell or invest in a home, the provided information below will help you in making an informed decision.

 

  Puget Neighborhood Residential Statistics


 

March

Active Listings

13

Pending Sales

2

Homes sold in the last 30 days

1

Absorption Rate

  13 Months

Activity Index

6.5 Months

Average SP % LP

98.47 %

     In the Puget Neighborhood, 13 homes are for sale, 2 homes are pending (under contract with mutual acceptance b/t buyer & seller) & 1 home sold during the month of March '10.

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

Homes for Sale
  Sold Homes
Median Price $449,000
$557,500 $258,000
Average DOM's 101
43
11
Average Sq.ft 2154
3674
1445
Bank Owned  none
none
none
Short Sales
1 Short Sale
none
none

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

Median Price

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

Neighborhood Inventory

Neighborhood inventory is the number of active properties on the market and the number of homes sold in the Puget 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 • April 19 2010 05:08PM

Comments

Participate