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

Blaine-Sales-Stats

There are currently 241  homes for sale.

  • Homes are priced from $75,000 – $2,950,000
  • Average Asking Price $456,984 Days on Market: 159 days
  • Median Asking Price $344,000 Days on Market: 114  days
  • Homes sold in January: 10
  • Average Listing Price $281,911
  • Average Sold Price $274,896 Days on Market 198
  • Median Listing Price $214,490
  • Median Sold Price $210,490 Days on Market: 88
  • Homes Pending this week: 10 Total Homes Pending: 59
  • Average Sales Price January 2009: $262,135
  • Median Sales Price January 2009: $236,000
  • Sold in January 2009: 10

The Average Sales price is up 4.9% compared to January 2009 and down 9.7% compared to the previous month December 09.

The Median Sales prices is down 10.8% compared to January 2009 and down 19.0% compared to the previous month December 09.

The number of sales is equal to January 2009 and is up by 2 compared to the previous month December  09.

Condo Analysis for Blaine/Birch Bay

  • Currently Active Listings: 101
  • Price range of active listings – $19,000 – $1,149,000
  • Average List Price $239,823 Days on Market: 149
  • Median List Price $224,950 Days on Market: 98
  • Sold in January: 0
  • Sold in January 2009: 0

Looks like Blaine Real Estate prices are up slightly from last year and down slightly from last month.

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 has also expanded the tax credit to includeexisting home owners who have owned a home for at least five of the last 8 years. You will be able to apply for tax credits of up to $6,500 when you purchase your 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.