Market Report

Blaine Real Estate Market Report for January, 2010

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

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

Blaine Real Estate Market Report for December, 2009

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

There are currently 220  homes for sale.

• Homes are priced from $77,5000 – $2,950,000
• Average Asking Price $446,748 Days on Market: 164 days
• Median Asking Price $312,000 Days on Market: 133  days
• Homes sold in December: 22
• Average Listing Price $388,226
• Average Sold Price $314,259 Days on Market 154
• Median Listing Price $282,400
• Median Sold Price $272,400 Days on Market: 129
• Homes Pending this week: 10 Total Homes Pending: 45

• Average Sales Price December 2008: $365,611
• Median Sales Price December 2008: $255,550
• Sold in December 2008: 12

Looks like the first half of  the year saw some decline while the last half seems to be rising.

The Average Sales price is down 14.0% compared to December 08 and up 7.7% compared to the previous month November 09.

The Median Sales prices is up 10.5% compared to December 08 and up 20.8% compared to the previous month November 09.

The number of sales is up by 10 to December  08 and is up by 2 compared to the previous month November 09.

Condo Analysis for Blaine/Birch Bay

• Currently Active Listings: 64
• Price range of active listings – $22,000 – $1,149,000
• Average List Price $231,818 Days on Market: 192
• Median List Price $200,750 Days on Market: 195
• Sold in December : 2
• Average Listing Price $259,925
• Average Sold Price $255,00 Days on Market: 209
• Median Listing Price $259,925
• Median Sold Price $255,000 Days on Market: 209
• Condos Pending this week: 1 Total Condos Pending: 12

• Average Sales Price December 2008: $131,900
• Median Sales Price December 2008: $131,900
• Sold in December 2008: 1

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

Blaine Real Estate Market Report for August, 2009

Blaine Real Estate Market Report for July, 2009

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

• There are currently 279  homes for sale.
• Homes are priced from $84,900- $6,995,000
• Average Asking Price $503,519 Days on Market: 138 days
• Median Asking Price $380,000 Days on Market: 96 days
• Homes sold in July: 36
• Average Listing Price $289,308
• Average Sold Price $279,519 Days on Market 108
• Median Listing Price $217,450
• Median Sold Price $217,340 Days on Market: 73
• Homes Pending this week: 13 Total Homes Pending: 67

• Average Sales Price July 2008: $290,052
• Median Sales Price July 2008: $245,000
• Sold in July 2008: 32

The Average Sales price is down 3.6% compared to July 08 and down 5.6% compared to June 09.

The Median Sales prices is down 11.3% compared to July 08 and down 3.9% compared to June 09.

The number of sales is up by 4 compared to July 08 and is up by 14 compared to last month June 09.

Condo Analysis for Blaine/Birch Bay

• Currently Active Listings: 123
• Price range of active listings – $24,900 – $1,249,000
• Average List Price $323,645 Days on Market: 178
• Median List Price $235,0000 Days on Market: 144
• Sold in July: 5
• Average Listing Price $225,480
• Average Sold Price $207,200 Days on Market: 183
• Median Listing Price $230,000
• Median Sold Price $196,000 Days on Market: 127
• Condos Pending this week: 1 Total Condos Pending: 9

Blaine Real Estate Market Report for June, 2009

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

• There are currently 272  homes for sale.
• Homes are priced from $89,900- $6,995,000
• Average Asking Price $513,041 Days on Market: 135 days
• Median Asking Price $382,500 Days on Market: 80 days
• Homes sold in June: 22
• Average Listing Price $312,468
• Average Sold Price $296,115 Days on Market 67
• Median Listing Price $229,495
• Median Sold Price $226,050 Days on Market: 33
• Homes Pending this week: 8 Total Homes Pending: 66
• Average Sales Price June 2008: $245,945
• Median Sales Price June 2008: $226,130
• Sold in June 2008: 23

The Average Sales price is down 20.3% compared to June 08 and up 6.1% compared to last month May 09.

The Median Sales prices is down 20.8% compared to June 08 and down 10.1% compared to last month May 09.

The number of sales is down by 9 or 39% to June 08 and is up by 3 or 27.3% compared to last month May 09.

Condo Analysis for Blaine/Birch Bay

• Currently Active Listings: 124
• Price range of active listings – $20,000 – $1,249,000
• Average List Price $339,273 Days on Market: 168
• Median List Price $283,930 Days on Market: 148
• Sold in June: 4
• Average Listing Price $169,540
• Average Sold Price $153,250 Days on Market: 214
• Median Listing Price $92.250
• Median Sold Price $79,000 Days on Market: 208
• Condos Pending this week: 2 Total Condos Pending: 11

Blaine – Birch Bay Real Estate Market Report for May 2009

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

• There are currently 283  homes for sale.
• Homes are priced from $88,000- $6,995,000
• Average Asking Price $508,735 Days on Market: 135 days
• Median Asking Price $375,000 Days on Market: 79 days
• Homes sold in May: 14
• Average Listing Price $199,927
• Average Sold Price $196,000 Days on Market 112
• Median Listing Price $184,900
• Median Sold Price $179,000 Days on Market: 15
• Homes Pending this week: 8 Total Homes Pending: 44

• Average Sales Price May 2008: $245,945
• Median Sales Price May 2008: $226,130
• Sold in May 2008: 23

The Average Sales price is down 20.3% compared to May 08 and up 6.1% compared to April 09.

The Median Sales prices is down 20.8% compared to May 08 and down 10.1% compared to April 09.

The number of sales is down by 9 or 39% to May 08 and is up by 3 or 27.3% compared to last month April 09.

Condo Analysis for Blaine/Birch Bay

• Currently Active Listings: 102
• Price range of active listings – $24,900 – $1,249,000
• Average List Price $348,722 Days on Market: 182
• Median List Price $300,000 Days on Market: 154
• Sold in April : 2
• Average Listing Price $234,450
• Average Sold Price $219,138 Days on Market: 230
• Median Listing Price $234,450
• Median Sold Price $219,138 Days on Market: 230
• Condos Pending this week: 0 Total Condos Pending: 4

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

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

Blaine Real Estate Market Report for April, 2009

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.