Feb. 13, 2010

Whatcom County Real Estate Market Report for January, 2010

The following is an analysis of the Whatcom County real estate market.

  • There are currently 1385 homes for sale
  • Homes are priced from $15,000 - $4,500,000
  • Average Asking Price $403,201 Days on Market: 139 days
  • Median Asking Price $323,000 Days on Market: 93 days
  • Homes sold in January: 97
  • Average Listing Price $287,275
  • Average Sold Price $277,881 Days on Market 99
  • Median Listing Price $249,956
  • Median Sold Price $245,000 Days on Market: 64
  • Homes Pending this week: 71 Total Homes Pending: 340
  • Average Sales Price January, 2009: $275,239
  • Median Sales Price January, 2009: $249,898
  • Sold in January. 2009: 91

The Average Sales price is up 1.0% compared to January, 09 and down 3.2% compared to the previous month December, 09.

The Median Sales prices is down 2.0% compared to January, 09 and down 1.1% compared to the previous month December, 09.

The number of sales is up by 6 compared to January, 09 and down by 71 compared to the previous month December, 09.


Condo Analysis for Whatcom County

  • Currently Active Listings: 398
  • Price range of active listings - $22,000 - $1,565,000
  • Average List Price $237,510 Days on Market: 158
  • Median List Price $184,900 Days on Market: 141
  • Sold in January: 13
  • Average Listing Price $242,392
  • Average Sold Price $230,346 Days on Market: 118
  • Median Listing Price $225,000
  • Median Sold Price $194,000 Days on Market: 89
  • Condos Pending (went under contract) last week: 12 Total Condos Pending: 58
  • Average Sales Price January, 2009: $199,243
  • Median Sales Price  January, 2009: $201.975
  • Sold in January, 2009: 14

The Average Sales price is up 15.6% compared to January, 09, and up 24.8% compared to the previous month December, 09.

The Median Sales prices is down by 3.9% compared to January, 09 and down by 28.7% compared to the previous month December, 09.

The number of sales is down by 1 compared to January, 09 and down by 15 compared to the previous month December, 09.

The good news this month is the number of pending sales is up.

The  First Time Home Buyer's Tax Credit of $8,000 available to anyone who hasn't owned a home in the past 3 years has been extended until April 2010.  The new program has also expanded the tax credit to include existing home owners who have owned a home for at least five of the last 8 years. You will be able to apply for tax credits of up to $6,500 when you purchase your next home. You might want to talk to your banker to see what you can afford. Meanwhile interest rates are still extremely low and there are some great values in the Bellingham 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 Bellingham Property feel free to email me at or give me a call at 360-739-6981

Posted in General, Market Reports
Share This Post
Please enable Javascript to comment on this blog

Sites We Follow