Lynden Real Estate Market Report for July, 2009
August 14, 2009 by Michael Eisenberg · Leave a Comment
There are currently 161 homes for sale.- Homes are priced from $159,900 – $1,995,000
- Average Asking Price; $395,691 Days on Market are 126 days
- Median Asking Price: $350,000 Days on Market are 77 days
- Homes sold in July: 14
- Average Listing Price $287,611
- Average Sold Price $277,111 Days on the Market 83
- Median Listing Price $283,700
- Median Sold Price $264,325 Days on Market 55
- Homes Pending last week: 6 Total Homes Pending: 30
- Average Sales Price July 2008: $330,234 151 Dom
- Median Sales Price July 2008: $290,000 103 Dom
- Sold in July 2008: 22
The Average Sales price is down 16.1% compared to July 08 and up 3.9% compared to June 09.
The Median Sales prices is down 8.9% compared to July 08 and down .6% compared to June 09.
The number of sales is down by 8 compared to July 08 and is down by 1 compared to last month June 09.
Condo Analysis for Lynden
- There are currently 41 condos for sale.
- Condos are priced from $139,900 – $419,000
- Average List Price $240,283 Days on the Market: 177
- Median List Price $229,950 Days on the Market: 110
- Condos Sold in June: 6
- Average List Price: $224,635
- Average Sales Price: $217,993 Days on the Market: 133
- Median List Price: $224,675
- Median Sales Price: $216,500 Days on the Market: 77
- Pending Sales Last Week: 4 Total Condos Pending: 6
- Average Sales Price July 2008: $211,933 Dom 161
- Median Sales Price July 2008: $216,100 Dom 144
- Sold in July 2008: 6
The Average Sales price is up 8.5% compared to July 08 and down 24.8% compared to June 09.
The Median Sales prices is up 0.1% compared to July 08 and up 25.3% compared to June 09.
The number of sales is equal to July 08 and is down by 1 compared to last month June 09.
Buyers: Interest rates are still low making now is a good time to get in the market. There are still plenty of homes to choose from and lots have been on the market a long time so there are some motivated sellers out there who need to sell their homes.
Sellers: There is still a lot of competition right now and if you don’t want your home to sit on the market without an offer here are a few bits of advise:
- The most important thing you can do is price your home right, have your real estate agent do a CMA and price your home aggressively, that is in the lower range of similar homes if you want a quick sale
- Have a pre-inspection done to your home and fix any problems
- Give your home curb appeal
- Offer a Home Warranty if it is an older home
- Get rid of clutter, start clearing out your things, even if you have to put them in storage.
- Think about staging your home, get advise from a staging professional or at least your agent.
If you would like some info about Lynden real estate or living in Lynden send me an email or give me a call.