The following is a quick analysis of the Lynden Real Estate market.

There are currently 162 homes for sale.

  • Homes are priced from $175,000 – $895,000
  • Average Asking Price; $357,143 Days on Market are 148 days
  • Median Asking Price: $331,850 Days on Market are 72 days
  • Homes sold in February: 4
  • Average Listing Price $330,963
  • Average Sold Price $312,238 Days on the Market 166
  • Median Listing Price $327,000
  • Median Sold Price $302,500 Days on Market 58
  • Average Sales Price February, 2009: $289.700     81
  • Median Sales Price February, 2009: $263,500      74
  • Sold in February, 2009: 12

The Average Sales price is up 7.8% compared to February, 2009 and up 9.0% compared to the previous month January, 2010.

The Median Sales prices is up 14.8% compared to February, 2009 and up 21.5% compared to the previous month January, 2010.

The number of sales is down 8 compared to  February, 2009 and is down 7 compared to the previous month January, 2010.

Condo Analysis for Lynden

  • There are currently 24 condos for sale.
  • Condos are priced from $137,900 – $379,950
  • Average List Price $238,773 Days on the Market: 165
  • Median List Price $238,225 Days on the Market: 110
  • Condos Sold in February: 2
  • Average List Price: $217,228
  • Average Sales Price: $212,500 Days on the Market: 184
  • Median List Price: $217,228
  • Median Sales Price: $212,500 Days on the Market: 184
  • Average Sales Price February, 2009: $160,000    21
  • Median Sales Price  February, 2009: $160,000      21
  • Sold in February, 2009: 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 Lynden Property feel free to email me at or give me a call at 360-739-6981