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

Blaine-Sales-Stats-11-09

  • There are currently 221  homes for sale.
  • Homes are priced from $77,5000 – $2,950,000
  • Average Asking Price $445,449 Days on Market: 165 days
  • Median Asking Price $325,000 Days on Market: 129 days
  • Homes sold in October: 22
  • Average Listing Price $283,94
  • Average Sold Price $268,983 Days on Market 72
  • Median Listing Price $227,000
  • Median Sold Price $217,00 Days on Market: 55
  • Homes Pending this week: 7 Total Homes Pending: 55
  • Average Sales Price October 2008: $295,709
  • Median Sales Price October 2008: $259,950
  • Sold in October 2008: 20

The Average Sales price is down 9.0% compared to October 08 and up 9,5% compared to the previous month September 09.

The Median Sales prices is down 20.0% compared to October 08 and down 3.7% compared to the previous month September 09.

The number of sales is down by 2 to October 08 and is down by 12 compared to the previous month September 09.

Condo Analysis for Blaine/Birch Bay


  • Currently Active Listings: 84
  • Price range of active listings – $22,000 – $1,149,000
  • Average List Price $365,168 Days on Market: 210
  • Median List Price $264,925 Days on Market: 172
  • Sold in October: 7
  • Average Listing Price $252,479
  • Average Sold Price $243,714 Days on Market: 149
  • Median Listing Price $220,000
  • Median Sold Price $212,000 Days on Market: 118
  • Condos Pending this week: 1 Total Condos Pending: 14
  • Average Sales Price October 2008: $511,500
  • Median Sales Price October 2008: $511,500
  • Sold in Oct 2008: 2

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

Written by Michael Eisenberg. If you are considering relocating to Blaine or looking to sell or buy locally, feel free to contact me: Email Michael.