Jan. 7, 2011

Whatcom County Real Estate Market Report for December, 2010

The following is a quick analysis of the Whatcom County Residential real estate market.

  • Currently Active Listings: 1230
  • Price range of active listings: $18,500 - $4,500,000
  • New Listings December: 141
  • Average List Price : $373,747 Days on the Market: 167
  • Median List Price: $324,950
  • Sold in December: 142
  • Average Sales Price: $296,105 Days on the Market: 163
  • Median Sales Price: $254,350
  • Pending Sales in December: 107   Average List Price: $249,997   Days on the Market: 126
  • Sold in December, 2009: 168
  • Average Sales Price December, 2009: $281,545
  • Median Sales Price December, 2009: $240,500

The Average Sales price is up 5.2% compared to December, 09.

The Median Sales prices is up 5.8% compared December, 09.

The number of sales is down 26 compared to December, 2009.

Condo Analysis for Whatcom County

  • Currently Active Listings: 349 New Listings December: 71
  • Price range of active listings - $59,900 - $1,400,000
  • New Listings December: 29
  • Average List Price: $252,027 Days on the Market: 205
  • Median List Price $190,000
  • Sold in December: 13
  • Average Sales Price: $416,608 Days on the Market: 218
  • Median Sales Price: $149,900
  • Pending Sales December: 14   Average List Price: $218,200   Days on the Market: 157
  • Sold in December, 2009: 28
  • Average Sales Price December, 2009: $184,538
  • Median Sales Price December, 2009: $159,625

Average Condo sale price is up 126% from December, 2009

Median Sales Price is up 1.4% from December, 2009

The number of sales is down 6.1% compared to December, 2009

Wow, Decembers's condo sales have made for a wild graph. Quite the statistical anomaly, out of 13 sales 7 were under $150,000 but 3 were over $900,000 so the median is low while the average is very high.

There is still a First Time Home Buyer Tax Credit Available through a program called the Mortgage Credit Certification. It is a Tax Credit paid on Mortgage interest.

Interest rates are still very low and there are some great values in the Whatcom County market right now. You might want to take a look at what it would cost you to purchase one of these homes at today's rates. You might be surprised at what your monthly payments would be, maybe less than your paying for rent right now if you are renting a comparable sized house.

If you have any questions or want to see any Whatcom County or Bellingham Real Estate feel free to email me at or give me a call at 360-739-6981

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