Bellingham Neighborhoods: Fairhaven Neighborhood - Bellingham, Wa

Fairhaven Neighborhood - Bellingham, Wa

Fairhaven Neighborhood Market Statistics - Bellingham Real Estate

The Fairhaven neighborhood Market Statistics for the month of July shows the active, pending & sold homes in the Fairhaven 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.

  Fairhaven Neighborhood Residential Statistics


 

July

Active Listings

16

Pending Sales

4

Homes sold in the last 30 days

1

Absorption Rate

  16 Months

Activity Index

3 Months

     In the Fairhaven Neighborhood, 16 homes are for sale, 5 homes pending (under contract with mutual acceptance b/t buyer & seller) & 1 home sold during the month of July '10.

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

Homes for Sale
  Sold Homes
Median Price $434900
$367500 $379000
Average DOM's 103
109
19
Bank Owned  none
none
1 REO Sold
Short Sales
none
none
none

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

Median Price

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

Neighborhood Inventory

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


Comment balloon 0 commentsTara Camp • August 15 2010 06:45PM

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