Feb. 11, 2011

Whatcom County Real Estate Market Report for January, 2011

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

 

 

 

  • Currently Active Listings: 1237
  • Price range of active listings: $19,000 - $4,500,000
  • New Listings January: 92
  • Average List Price : $372,340 Days on the Market: 159
  • Median List Price: $319,900
  • Sold in January: 91
  • Average Sales Price: $262,338 Days on the Market: 135
  • Median Sales Price: $240,000
  • Pending Sales in January: 162 Average List Price: $276,100 Days on the Market: 126
  • Sold in January, 2010: 99
  • Average Sales Price January, 2009: $278,175
  • Median Sales Price January, 2009: $245,000

The Average Sales price is down 5.7% compared to January, 2010.

The Median Sales prices is down 2.0% compared January, 2010.

The number of sales is down 8 compared to January, 2010.

Condo Analysis for Whatcom County

  • Currently Active Listings: 349 New Listings January: 71
  • Price range of active listings - $59,900 - $1,400,000
  • New Listings January: 42
  • Average List Price: $272,066 Days on the Market: 148
  • Median List Price $169,450
  • Sold in January: 14
  • Average Sales Price: $183,407 Days on the Market: 183
  • Median Sales Price: $161,500
  • Pending Sales January: 31 Average List Price: $240,235 Days on the Market: 15
  • Sold in January, 2010: 10
  • Average Sales Price January, 2010: $228,857
  • Median Sales Price January, 2010: $201,750

Average Condo sale price is down 19.9% from January, 2010.

Median Sales Price is down 20.0% from January, 2010.

The number of sales is up 4 compared to January, 2010.

 

Home prices and sales fell in January, Let's stay tuned to see where the market is going

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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