Dec. 10, 2010

Whatcom County Real Estate Market Report for November, 2010

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

  • Currently Active Listings: 1356
  • Price range of active listings: $18,500 - $4,500,000
  • New Listings November: 185
  • Average List Price : $377,436       Days on the Market: 159
  • Median List Price: $295,000
  • Sold in November: 127
  • Average Sales Price: $268,489     Days on the Market: 161
  • Median Sales Price: $248,000
  • Pending Sales in November: 183   Average List Price: $297,991   Days on the Market: 152
  • Sold in November, 2009: 194
  • Average Sales Price  November, 2009: $306,372
  • Median Sales Price  November, 2009: $251,000

The Average Sales price is down 12.5% compared to November, 09.

The Median Sales prices is down 1.2% compared November, 09.

The number of sales is down 67 compared to  November, 2009.

Condo Analysis for Bellingham

  • Currently Active Listings: 349   New Listings November: 71
  • Price range of active listings - $59,900 - $1,400,000
  • Average List Price: $257,571  Days on the Market: 178
  • Median List Price $200,000
  • Sold in  November:  21
  • Average Sales Price: $193,686     Days on the Market: 197
  • Median Sales Price: $182,500
  • Pending Sales November: 17   Average List Price: $221,712  Days on the Market: 202
  • Sold in  November, 2009: 26
  • Average Sales Price  November, 2009: $185,973
  • Median Sales Price  November, 2009: $180,000

Average Condo sale price is up 4.1% from  November, 2009

Median Sales Price is up 1.4% from November, 2009

The number of sales is down 5 compared to November, 2009

Looks like the overall market trend is down although condo prices are a bit over last year at this time..

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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