July Real Estate Statistics for Bellingham’s Birchwood Neighborhood
14 homes were available for sale in Bellingham’s Birchwood neighborhood at the end of July, up just slightly from June. 4 homes sold in July, up substantially from the month before, and the median time on the market for those homes was just 13 days. The median sale price was $242,500, down just a tad from June. Just 2 homes were under contract to sell at the end of the month.
The charts below show changes in price and inventory in the Birchwood neighborhood over the past 18 months.
Historic median price of sold and active inventory in the Birchwood neighborhood
Historic active listings compared to # of homes sold in the Birchwood Neighborhood
Sellers in the Birchwood neighborhood are well positioned to take advantage of the current market demand for homes under $300,000, and the short amount of days on the market before a sale was generated for those sold in July is evidence of that. The neighborhood real estate activity may also benefit from the first time homebuyer tax credit. While it is currently set to expire on December 1st, indications are strong for an extension into 2010.
If you would like more specific information on homes in the Birchwood neighborhood, don’t hesitate to contact us. If you would like to know how your home anywhere in Whatcom County fits into the market, request a free online estimate of value.
If your neighborhood association would like a presentation on real estate activity in the neighborhood, we would be happy to make arrangements to meet with you.
We track statistics throughout Whatcom County and post them to our website if you would like to dig a bit more deeply into what is going on in Whatcom County real estate.
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