Nov. 5, 2010

Whatcom County Real Estate Market Report for October, 2010

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

  • Currently Active Listings: 1448
  • Price range of active listings: $15,000 - $4,500,000
  • New Listings October: 216
  • Average List Price October: $382,221       Days on the Market: 150
  • Median List Price: $299,000
  • Sold in October: 152
  • Average Sales Price: $289,001     Days on the Market: 161
  • Median Sales Price: $253,500
  • Pending Sales in October: 210   Average List Price: $296,089   Days on the Market: 143
  • Sold in October, 2009: 188
  • Average Sales Price  October, 2009: $287,900
  • Median Sales Price  October, 2009: $256,944

The Average Sales price is up 1% compared to October, 09.

The Median Sales prices is up 1.3% compared October, 09.

The number of sales is down 36 compared to  October, 2009.

Condo Analysis for Bellingham

  • Currently Active Listings: 404   New Listings October: 71
  • Price range of active listings - $51,900 - $1,400,000
  • Average List Price October: $257,571  Days on the Market: 178
  • Median List Price $200,000
  • Sold in  October:  27
  • Average Sales Price: $224,002     Days on the Market: 265
  • Median Sales Price: $165,000
  • Pending Sales September: 26   Average List Price: $189,617  Days on the Market: 129
  • Sold in  October, 2009: 50
  • Average Sales Price  October, 2009: $205,664
  • Median Sales Price  October, 2009: $187,500

Average Condo sale price is up 9.0% from  October, 2009

Median Sales Price is down 12.0% from October, 2009

The number of sales is down 23 compared to October, 2009

Looks like the overall market trend is down.

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 at an all time 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 Estatefeel free to email me at or give me a call at 360-739-6981

Posted in Market Reports
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