Lynden Real Estate Market Report for August, 2009
September 30, 2009 by Michael Eisenberg · Leave a Comment
There are currently 149 homes for sale.
- Average Sales Price August 2008: $286,817
- Median Sales Price August 2008: $247,500
- Sold in August 2008: 12
The Average Sales price is up 11.5% compared to August 08 and up 15.4% compared to July 09.
The Median Sales prices is up 24.2% compared to August 08 and up 16.3% compared to July 09.
The number of sales is down by 1 compared to August 08 and is down by 4 compared to last month July 09.
Condo Analysis for Lynden
- There are currently 36condos for sale.
- Condos are priced from $139,900 – $399,500
- Average List Price $244,760 Days on the Market: 194
- Median List Price $229,973 Days on the Market: 141
- Condos Sold in August: 2
- Average List Price: $227,450
- Average Sales Price: $222,500 Days on the Market: 257
- Median List Price: $227,450
- Median Sales Price: $222,500 Days on the Market: 257
- Pending Sales Last Week: 1 Total Condos Pending 5
- Average Sales Price August 2008: $227,003
- Median Sales Price August 2008: $231,560
- Sold in August 2008: 5
The Average Sales price is down 2.0% compared to August 08 and down 2.1% compared to July 09.
The Median Sales prices is down 3.9% compared to August 08 and up 2.8% compared to July 09.
The number of sales is down by 3 compared to August 08 and is down by 4 compared to last month July 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.