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

There are currently 253 homes for sale.

  • Homes are priced from $74,000 – $2,950,000
  • Average Asking Price $432,031 Days on Market: 155 days
  • Median Asking Price $310,000 Days on Market: 82 days
  • Homes sold in February: 26
  • Average Listing Price $307,808
  • Average Sold Price $287,270 Days on Market 104
  • Median Listing Price $218,200
  • Median Sold Price $210,490 Days on Market: 74
  • Homes Pending this week: 7 Total Homes Pending: 60
  • Average Sales Price February 2009: $337,291 151
  • Median Sales Price February 2009: $224,500 91
  • Sold in February 2009: 18

The Average Sales price is down 14.8% compared to February, 2009 and up 4.5% compared to the previous month January, 2010.

The Median Sales prices is down 6.2% compared to February, 2009 and equal to to the previous month January, 2010.

The number of sales is up 8 compared to February, 2009 and is up 16 compared to the previous month January, 2010.

Condo Analysis for Blaine/Birch Bay

  • Currently Active Listings: 101
  • Price range of active listings - $19,000 – $1,149,000
  • Average List Price $233, 219 Days on Market: 162
  • Median List Price $219,000 Days on Market: 99
  • Sold in February: 0
  • Condos Pending this week: 1     Total Condos Pending: 18
  • Average Sales Price February 2009: $267,475 176
  • Median Sales Price February 2009: $267,475 176
  • Sold in February 2009: 2

Looks like Blaine Real Estate prices are down from last year and up slightly from last month,and the number of sales is up.

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.