Lettered Streets Neighborhood Market Report - Oct. 09'

By
Real Estate Agent with Keller Williams Western Realty

Lettered Streets Neighborhood Market Statistics - Bellingham Real Estate

The Lettered Streets neighborhood market statistics for October reflect the active, pending, & sold homes in the Lettered Streets area of Bellingham Real Estate market.  You can use this information to help with pricing a property you might wish to sell or to help you determine value for a home you may be looking to buy. 

There are currently 5 homes for sale in the Lettered Streets neighborhood, 1 home that is pending (under contract with mutual acceptance b/t buyer & seller), & 1 property that has been sold during the month of October 09' in the Lettered Streets neighborhood in Bellingham, WA.

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

Lettered Streets Neighborhood Homes for Sale  - (*links will expire in 30 days)
  • Median Price is $337,000
  • Average Market time: 72 days
  • Lettered Streets Area Bank Owned Real Estate for Sale (0)
  • Lettered Streets Area Short Sales for Sale (0)
  • Lettered Streets Area Estate Sales for Sale (0)
Lettered Streets Neighborhood Pending Sales - (*links will expire in 30 days)
  • Median Price is $200,000
  • Average Market time: 17 days
  • Lettered Streets Area pending bank owned real estate (0)
  • Lettered Streets Area pending Short Sales (0)
  • Lettered Streets Area pending Estate Sales (0)
Lettered Streets Neighborhood Sold Homes - October 09' (*links will expire in 30 days)
  • Median home price is $192,000
  • Average Market time: 52 days
  • Lettered Streets Area Bank Owned Real Estate (0)
  • Lettered Streets Area Short Sales (0)
  • Lettered Streets Area Estate Sales (0)

I include the Lettered Streets neighborhood distressed properties in the market reports because they have an impact on 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 a in a non-distressed transaction & thus, have a declining effect on the neighborhood market, as well as, the over Bellingham real estate market.

*Below are charts showing changes in median price & number of homes in the Lettered Streets Neighborhood in the last 18 months.*
 
Median Price

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

 

Neighborhood Inventory

Neighborhood inventory is the number of active properties on the market and the number of homes sold in the Lettered Streets neighborhood.

 

Lettered Streets Neighborhood Residential Statistics

 

October

Active Listings

5

Pending Sales

1

Homes sold in the last 30 days

1

Absorption Rate

5 Months

Activity Index

5 Months

Average SP % LP

103.78%

 

Tara is a full time real estate consultant in Whatcom & Skagit Counties.  As a marketing specialist she helps clients sell quicker with strategic pricing and aggressive marketing. Buyers, gain a better return on your money by buying right in this market.  Tara can help you analyze properties based on your goals and exit strategy. She specializes in bank owned homes & short sales, and is familiar with the nuances of these transactions. Whatever you need/goals in todays market, find a good agent to help, educate, & empower you.

 

Learn more about the 1st time Home buyers tax credit extension & expansion for current home owners(1st time doesn't really mean 1st time)

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