Lynden Real Estate Market Report for October, 2009
November 28, 2009 by Michael Eisenberg · Leave a Comment
There are currently 148 homes for sale.
- Homes are priced from $112,900 – $987,000
- Average Asking Price; $370,170 Days on Market are 151 days
- Median Asking Price: $338,400 Days on Market are 115 days
- Homes sold in October: 14
- Average Listing Price $322,606
- Average Sold Price $312,307 Days on the Market 69
- Median Listing Price $312,450
- Median Sold Price $300,000 Days on Market 43
- Homes Pending last week: 5 Total Homes Pending: 29
- Average Sales Price October 2008: $357,118
- Median Sales Price October 2008: $343,500
- Sold in October 2008: 14
The number of sales is equal to October 08 and is down by 1 compared to last month September 09.
Condo Analysis for Lynden
- There are currently 31 condos for sale.
- Condos are priced from $139,900 – $379,500
- Average List Price $222,529 Days on the Market: 194
- Median List Price $219,900 Days on the Market: 149
- Condos Sold in October: 2
- Average List Price: $209,000
- Average Sales Price: $200,000 Days on the Market: 135
- Median List Price: $209,000
- Median Sales Price: $200,000 Days on the Market: 135
- Pending Sales Last Week: 0 Total Condos Pending 3
- Average Sales Price October 2008: $122,600
- Median Sales Price October 2008: $122,600
- Sold in October 2008: 1
Great news the First Time Home Buyer’s Tax Credit of $8,000 available to anyone who hasn’t owned a home in the past 3 years has been extended until April 2010. The new program will also expand the tax credit to include existing home owners who have owned a home for at least five of the last 8 years will be able to apply for tax credits of up to $6,500 when they purchase their next home.
You might want to talk to your banker to see what you can afford. Meanwhile interest rates are still extremely low and there are some great values in the Bellingham market right now. You might want to take a look at what it would cost you to purchase one of these homes at today’s rates. You might be surprised at what your monthly payments would be, maybe less than your paying for rent right now if you are renting a comparable sized house.
If you have any questions or want to see any Bellingham Property feel free to email me at or give me a call at 360-739-6981