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

There are currently 175 homes for sale.

  • Homes are priced from $175,000 – $895,000
  • Average Asking Price; $343,476 Days on Market are 150 days
  • Median Asking Price: $314,900 Days on Market are 83 days
  • Homes sold in March: 25
  • Average Listing Price $315,178
  • Average Sold Price $302,550 Days on the Market 111
  • Median Listing Price $275,000
  • Median Sold Price $280,000 Days on Market 119
  • Homes Pending last week: 5 Total Homes Pending: 38
  • Average Sales Price  March, 2009: $279,490    119
  • Median Sales Price  March, 2009: $278,000        88
  • Sold in  March, 2009: 11

The Average Sales price is up 8.2% compared to March, 2009 and down 3.1% compared to the previous month February, 2010.

The Median Sales prices is up .7% compared to  March, 2009 and down 7.4% compared to the previous month February, 2010.

The number of sales is up by 14 compared to March, 2009 and is up 21 compared to the previous month February, 2010.

Condo Analysis for Lynden

  • There are currently 28 condos for sale.
  • Condos are priced from $127,000 – $379,950
  • Average List Price $229,143 Days on the Market: 158
  • Median List Price $222,479 Days on the Market: 75
  • Condos Sold in March: 3
  • Average List Price: $196,317
  • Average Sales Price: $188,3330Days on the Market: 306
  • Median List Price: $220,000
  • Median Sales Price: $216,000 Days on the Market: 338
  • Pending Sales Last Week: 0 Total Condos Pending  2
  • Average Sales Price March, 2009: $189,950   73
  • Median Sales Price March, 2009: $189,950      73
  • Sold in  March, 2009: 2

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.

Time is running out for this tax credit. You need to be under contact by April 30, 2010.

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