Bellingham Stats For Homes On Acreage
Have you ever thought about owning a home on acreage on the outskirts of Bellingham? The following chart shows the activity for the past 6 months and compares it to sales for the same 6 month period a year ago. If you have any questions, contact me.
Just to explain: The Original List price is the price they first came on the market with. The List Price At Time Of Sale takes into account that they reduced the price one or more times before they received an offer. Then there is the price they actually paid.
Not long ago, it was the dream of many buyers to own their own mini-farm. Grow food, have animals, have privacy and room to breathe. It seems that has changed. This segment of the market is sluggish at best. I believe many buyers are overlooking some real bargains. Many times you will pay as much for a house on a city lot, which means the extra land and, quite possibly out-buildings, are your’s for free.
I was encouraged last month when the pending sales (red line) was higher than the previous year, but unfortunately the increase not only didn’t continue, it has decreased. Pending sales for April 2011 are almost 100 sales lower than April 2010, that’s a 33% decrease!
