April 6, 2009

Whatcom County Real Estate Market Report for March, 2009

Whatcom County real estate graph

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

  • There are currently 1393 homes for sale.
  • Homes are priced from $12,000 - $6,995,000
  • Average Asking Price $433,613 Days on Market: 135 days
  • Median Asking Price $337,000 Days on Market: 83 days
  • Homes sold in March: 128
  • Average Listing Price $316,340
  • Average Sold Price $304,016 Days on Market 112
  • Median Listing Price $279,450
  • Median Sold Price $266,800 Days on Market: 84
  • Homes Pending this week: 62 Total Homes Pending: 317
  • Average Sales Price March 2008: $314,975
  • Median Sales Price March 2008: $285,000
  • Sold in March 2008: 177The Average Sales price is down 3.4% compared to March 08 and down 1.3% compared to February 09.

    The Median Sales prices is down 6.4% compared to March 08 and down 4.6% compared to February 09.

    The number of sales is down by 49 or 27.7% compared to March 08 and up by 36 or 39% compared to last month.Condo Analysis for Whatcom County

    Whatcom County real estate graph

    • Currently Active Listings: 447
    • Price range of active listings - $25,900 - $1,565,000
    • Average List Price $283,995 Days on Market: 198
    • Median List Price $209,950 Days on Market: 126
    • Sold in March: 20
    • Average Listing Price $189,490
    • Average Sold Price $182,110 Days on Market: 104
    • Median Listing Price $169,900
    • Median Sold Price $164,500 Days on Market: 52
    • Condos Pending (went under contract) last week: 8 Total Condos Pending: 41
  • Average Sales Price February 2008: $224,754
  • Median Sales Price February 2008: $194,950
  • Sold in February 2008: 47The Average Sales price is down by 18.9% compared to March 08, and down 19.5% over last month.

    The Median Sales prices is down 15.6% compared to March 08 and down 24.2% over last month.

    The number of sales is down by 17 or 36% compared to March 08 and up by 4 or 25% compared to last month.Don't forget  about the newly passed First Time Home Buyer's Tax Credit of $8,000 available to anyone who hasn't owned a home in the past 3 years. You might want to talk to your banker to see what you can afford. 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 homes or condos feel free to email me or give me a call at 360-739-6981.

  • Posted in General, Market Reports
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