One of the most important things to look at when evaluating a market is the supply of inventory. Right now there are only 14 condos for sale that are located within the core of Fairhaven. The supply is really low right now, which is why we haven’t seen large decreases in prices. In fact, the prices are really spread out in Fairhaven right now. I believe that the current market value of a condo in Fairhaven falls somewhere between $300 – $350 per square foot. The exception to these prices would be a handful of the condos that are truly over the top in quality, but for the most part a condo priced over $350 per square just isn’t going to sell.

Over the last six months there have been 9 condos sell in downtown Fairhaven. Of the 9 condos that sold, nearly all of them sold between $300 – $350 per square foot. The actual sales prices of the sold condos ranged from $175,000 up to $942,000. If we go back and look at the condos that are currently on the market we will see that most of the condos that are priced over the $350 per square foot mark have been on the market for several months. Maybe some of the sellers are being unrealistic, or maybe they don’t really want to sell right now, but I believe that the market price is pretty clear.

If you are interested in learning more about the Fairhaven condo market, leave a comment below and let’s discuss this further.

© Ryan Martin for Bellingham Real Estate Blog, 2009. | Permalink | No comment | Add to del.icio.us
Post tags: Bellingham Condos, Fairhaven Condos, Fairhaven wa condos

Are you planning to visit Fairhaven WA? There are only three places to stay the night in Fairhaven. I have listed your options below.

Fairhaven Village Inn

The Fairhaven Village Inn is located in the heart of Fairhaven directly across from the Village Green park. The Fairhaven Village Inn is an ideal location for someone that is passing through town by bus or train, as it is just a few blocks from the Fairhaven Terminal. The Fairhaven Village Inn is also right next to the many wonderful Fairhaven restaurants.

Rates range from $159 to $269 per night

Chrysalis Inn & Spa

The Chrysalis Inn & Spa is a very nice place to stay. The inn overlooks the Taylor St boardwalk and Bellingham Bay, with bay and island views. The Chrysalis is located on the fringe of downtown Fairhaven and is just a short walk away from the many restaurants located in Fairhaven.

Rates range from $199 to $299 per night

Fairhaven Bed and Breakfast

The Fairhaven Bed and Breakfast is a Victorian style bed and breakfast that is located just two blocks south of downtown Fairhaven. This is the perfect place to stay if you are looking for an old world vacation. The rooms are large and patrons are given access to an entire floor including a kitchen and two bathrooms.

Call 360-734-7243 for rates

© admin for Bellingham Real Estate Blog, 2008. | Permalink | 3 comments | Add to del.icio.us
Post tags: Chrysalis Inn & Spa, Fairhaven Bed and Breakfast, Fairhaven hotels, Fairhaven Inns, Fairhaven Village Inn, Fairhaven WA, Places to stay in Fairhaven WA