May 14, 2009 by Michael Eisenberg

The following is a quick analysis of the Blaine real estate market.

•There are currently 268 homes for sale.
•Homes are priced from $69,900 – $6,995,000
•Average Asking Price $488,117 Days on Market: 134 days
•Median Asking Price $340,250 Days on Market: 78 days
•Homes sold in April: 11
•Average Listing Price $195,069
•Average Sold Price $188,405 Days on Market 179
•Median Listing Price $199,990
•Median Sold Price $199,900 Days on Market: 179
•Homes Pending this week: 8 Total Homes Pending: 44

•Average Sales Price April 2008: $259,915
•Median Sales Price April 2008: $250,000
•Sold in April 2008: 31

The Average Sales price is down 27.5% compared to April 08 and down 22.8% compared to March 09.

The Median Sales prices is down 20.0% compared to April 08 and down 4.8% compared to March 09.

The number of sales is down by 20 or 64% to April 08 and is down by 5 or 32% compared to last month March 09.

Condo Analysis for Blaine/Birch Bay

•Currently Active Listings: 102
•Price range of active listings - $25,900 – $1,300,000
•Average List Price $370,437 Days on Market: 166
•Median List Price $319,500 Days on Market: 131
•Sold in April : 2
•Average Listing Price $392,430
•Average Sold Price $350,000 Days on Market: 174
•Median Listing Price $392,430
•Median Sold Price $350,000 Days on Market: 161
•Condos Pending this week: 0 Total Condos Pending: 4

•Average Sales Price April 2008: $125,000
•Median Sales Price April 2008: $107,000
•Sold in April 2008: 5

The Average Sales price is up 72.0% compared to April 08.

The Median Sales prices is up 136% compared to April 08.

The number of sales is down by 3 or 60%.

It is pretty amazing looking at these numbers, the number of Blaine condo sales are pretty small, skewing the numbers as they have been the past few months.
If you have any questions,want more information or want to see any Blaine homes or condos feel free to email me or give me a call at 360-739-6981.