Oct. 6, 2009

Whatcom County Real Estate Market Report for September, 2009

         Whatcom County Residential Real Estate Statistics

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

  • There are currently 1511 homes for sale
  • Homes are priced from $17,000 - $4,500,000
  • Average Asking Price $417,914 Days on Market: 131 days
  • Median Asking Price $329,000 Days on Market: 91 days
  • Homes sold in September: 199
  • Average Listing Price $276,474
  • Average Sold Price $265,368 Days on Market 97
  • Median Listing Price $249,900
  • Median Sold Price $243,000 Days on Market: 64
  • Homes Pending this week: 91 Total Homes Pending: 431
  • Average Sales Price September 2008: $306,907
  • Median Sales Price September 2008: $269,900
  • Sold in September 2008: 175

The Average Sales price is down 13.5% compared to September 08 and down 16.7% compared to last month.

The Median Sales prices is down 10.0% compared to September 08 and down 13.2% compared to last month.

The number of sales is up by 24 compared to September 08 and up by 26 compared to last month.

Condo Analysis for Whatcom County

Whatcom County Condo Real Estate Statistics

  • Currently Active Listings: 446
  • Price range of active listings - $24,900 - $1,565,000
  • Average List Price $248,196 Days on Market: 157
  • Median List Price $198,000 Days on Market: 101
  • Sold in September: 33
  • Average Listing Price $214,218
  • Average Sold Price $206,401 Days on Market: 116
  • Median Listing Price $179,900
  • Median Sold Price $174,900 Days on Market: 65
  • Condos Pending (went under contract) last week: 12 Total Condos Pending: 79
  • Average Sales Price September 2008: $219,476
  • Median Sales Price September 2008: $200,000
  • Sold in September 2008: 41

The Average Sales price is down 5.6% compared to September 08, and up by 1.8% compared to last month.

The Median Sales prices is down by 12.6% compared to September 08 and down by 14.7% compared to last month.

The number of sales is down by 8 compared to September 08 and up by 5 compared to last month.

Meanwhile interest rates are still extremely low and there are some great values in the Whatcom County Real Estate 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.

There is only a short window of opportunity left for 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. You might want to talk to your banker to see what you can afford.

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

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