Uncategorized May 23, 2017

Lynden, WA Real Estate Update

If you are interested in buying or selling real estate in Lynden, WA, knowing the current market conditions is crucial. As a seller, you want to make sure you price your home for sale in Lynden, WA correctly. If you overprice, your home can sit and “grow stale” or be stigmatized by buyers as having something wrong with it. If you under price in hopes of starting a bidding war, you could end up making less money. As a buyer, you want to ensure that you are not  over paying for a Lynden, WA home for sale. Knowing the current market conditions is why the use of a Lynden, WA realtor is so important. We have a tool that comes straight from the NWMLS that provides accurate stats. Let’s take a look at the current Lynden, WA real estate market.

Both the median and average home prices for Lynden, WA real estate went up. The median increased by 4.9% and is now $302,250. The average increased by 5.2% and is now $324,542. The median days on the market went down by 22% which means that homes are going from active to pending in 28 days. The median percentage of list price saw a small increase with a report of homes getting 98.9% of the listing price. This basically means that homes are getting very close to asking and in some cases, over. Pending homes for sale in Lynden, WA are up 13.5%. Closed homes are up 8.7%. Price per square foot is up 12.3%. The amount of new listings is up 25.7% which is welcomed as we need the inventory. If you are looking for real estate in Lynden, WA we think you will agree with that statement. Now, we are still in a sellers market with a month supply of 3.7 and the amount of total homes for sale is actually down. We can only hope that folks thinking of selling their real estate in Lynden, WA will do so soon so that we can satisfy buyer needs. If you are looking for a Lynden, WA realtor to guide you in buying or selling, give me a call at 360-410-0848. My team and I would love to help!