Friday, November 2, 2007

Crashing Markets and Other Boring Stats


My most frequently asked questions are about the status of our slow, crashing or otherwise poorly performing market. We have been lucky up here in the Pacific Northwest that our market hasn't had the big downfalls that most of the rest of the country is experiencing. My Broker, Gragg Miller, is a huge stats buff. He has compiled the following information. The average sale price in Whatcom county for the first three quarters is slightly up (2%) the median sale price is holding steady (for used home sales). The number of homes sold for Bellingham and the county are also SLIGHTLY up over 2006 numbers. We did experience a big drop in numbers from 2005 to 2006, but are now holding steady. So WILL the prices fall? Will we hold steady? These are the questions that are driving buyers to slow and take their time in making a decision on what to buy. So how do sellers make their home SALEABLE? Price it "RIGHT" and stage your home to show off it's assets and minimize it's deficits. Happy Weekend!

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