Whatcom County Washington

Whatcom County Real Estate Market Report for October, 2009

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

• There are currently 1387 homes for sale
• Homes are priced from $12,000 – $4,500,000
• Average Asking Price $409,010 Days on Market: 139 days
• Median Asking Price $320,000 Days on Market: 102 days
• Homes sold in October: 183
• Average Listing Price $299,098
• Average Sold Price $289,807 Days on Market 94
• Median Listing Price $262,900
• Median Sold Price $258,000 Days on Market: 52
• Homes Pending this week: 91 Total Homes Pending: 431

• Average Sales Price October 2008: $301,847
• Median Sales Price October 2008: $275,395
• Sold in October 2008: 146

The Average Sales price is down 4.0% compared to October 08 and up 9.2% compared to last month.

The Median Sales prices is down 6.2% compared to October 08 and up 6.2% compared to last month.

The number of sales is up by 37 compared to October 08 and down by 16 compared to last month.

Condo Analysis for Whatcom County

• Currently Active Listings: 429
• Price range of active listings – $22,000 – $1,565,000
• Average List Price $248,926 Days on Market: 170
• Median List Price $194,566 Days on Market: 119
• Sold in October: 47
• Average Listing Price $210,852
• Average Sold Price $204,557 Days on Market: 147
• Median Listing Price $193,000
• Median Sold Price $190,000 Days on Market: 97
• Condos Pending (went under contract) last week: 12 Total Condos Pending: 79

• Average Sales Price October 2008: $247,208
• Median Sales Price October 2008: $177,000
• Sold in October 2008: 22

The Average Sales price is down 17.3% compared to October 08, and down by 1.0% compared to last month.

The Median Sales prices is up by 7.3% compared to October 08 and up by 8.5% compared to last month.

The number of sales is up by 25 compared to October 08 and up by 14 compared to last month.

Great news 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 has been extended until April 2010.  The new program will also expand the tax credit to include existing home owners who have owned a home for at least five of the last 8 years will be able to apply for tax credits of up to $6,500 when they purchase their next home.

You might want to talk to your banker to see what you can afford. Meanwhile interest rates are still extremely low and there are some great values in the Bellingham 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 Bellingham Property feel free to email me at or give me a call at 360-739-6981

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

Whatcom County Washington

Whatcom County Real Estate Market Report for June, 2009

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

• There are currently 1629 homes for sale.
• Homes are priced from $16,000 – $6,995,000
• Average Asking Price $429,724 Days on Market: 125 days
• Median Asking Price $339,900 Days on Market: 77 days
• Homes sold in June: 220
• Average Listing Price $300,149
• Average Sold Price $289,029 Days on Market 91
• Median Listing Price $279,000
• Median Sold Price $267,500 Days on Market: 45
• Homes Pending this week: 64 Total Homes Pending: 408

• Average Sales Price June 2008: $350,534
• Median Sales Price June 2008: $295,375
• Sold in June 2008: 194

The Average Sales price is down 17.5% compared to June 08 and up 2.7% compared to last month.

The Median Sales prices is down 10.4% compared to June 08 and $500 higher than last month.

The number of sales is up by 26 or 13.4% compared to June 08 and up by 68 or 44.7% compared to last month.

Condo Analysis for Whatcom County

• Currently Active Listings: 476
• Price range of active listings – $20,000 – $1,565,000
• Average List Price $271,383 Days on Market: 205
• Median List Price $212,950 Days on Market: 127
• Sold in June: 26
• Average Listing Price $255,437
• Average Sold Price $241,655 Days on Market: 142
• Median Listing Price $209,950
• Median Sold Price $202,416 Days on Market: 80
• Condos Pending (went under contract) last week: 11 Total Condos Pending: 62

• Average Sales Price June 2008: $221,556
• Median Sales Price June 2008: $188,900
• Sold in June 2008: 41

The Average Sales price is up by 9.1% compared to June 08, and up by 24.2% over last month.

The Median Sales prices is up by 7.2% compared to June 08 and up by 1.2% over last month.

The number of sales is down by 15 or 36% compared to June 08 and up by 8 or 44% compared to last month.

Buyers: Interest rates are still low making now is a good time to get in the market. There are still plenty of homes to choose from and lots have been on the market a long time so there are some motivated sellers out there who need to sell their homes.

Sellers: There is still a lot of competition right now and if you don’t want your home to sit on the market without an offer here are a few bits of advise:

• The most important thing you can do is price your home right, have your real estate agent do a CMA and price your home aggressively, that is in the lower range of similar homes if you want a quick sale
• Have a pre-inspection done to your home and fix any problems
• Give your home curb appeal
• Offer a Home Warranty if it is an older home
• Get rid of clutter, start clearing out your things, even if you have to put them in storage.
• Think about staging your home, get advise from a staging professional or at least your agent.

If you would like some info about Whatcom County real estate or living in Whatcom County send me an email or give me a call.

Whatcom County Washington

Whatcom County Real Estate Market Report for May, 2009

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

• There are currently 1586 homes for sale.
• Homes are priced from $16,000 – $6,995,000
• Average Asking Price $429,715 Days on Market: 126 days
• Median Asking Price $339,000 Days on Market: 77 days
• Homes sold in May: 152
• Average Listing Price $290,766
• Average Sold Price $281,527 Days on Market 92
• Median Listing Price $267,000
• Median Sold Price $260,320 Days on Market: 47
• Homes Pending this week: 66 Total Homes Pending: 434

• Average Sales Price April 2008: $300,903
• Median Sales Price April 2008: $263150
• Sold in March April : 180

The Average Sales price is down 6.4% compared to May 08 and down 3.6% compared to last month.

The Median Sales prices is down 1.1% compared to May 08 and up 2.3% compared to last month.

The number of sales is down by 28 or 15.6% compared to May 08 and up by 11 or 7.8% compared to last month.

Condo Analysis for Whatcom County

• Currently Active Listings: 503
• Price range of active listings – $24,900 – $1,565,000
• Average List Price $261,734 Days on Market: 192
• Median List Price $199,900 Days on Market: 120
• Sold in May: 18
• Average Listing Price $204,819
• Average Sold Price $194,661 Days on Market: 185
• Median Listing Price $204,750
• Median Sold Price $199,975 Days on Market: 163
• Condos Pending (went under contract) last week: 14 Total Condos Pending: 53

• Average Sales Price May 2008: $206,989
• Median Sales Price May 2008: $196,975
• Sold in May 2008: 52

The Average Sales price is down by 6.0% compared to May 08, and down 17.8% over last month.

The Median Sales prices is up by 1.6% compared to May 08 and down by 11.3% over last month.

The number of sales is down by 34 or 65% compared to May 08 and down by 6 or 25% compared to last month.

Buyers: Interest rates are still low making now is a good time to get in the market. There are still plenty of homes to choose from and lots have been on the market a long time so there are some motivated sellers out there who need to sell their homes.

Sellers: There is still a lot of competition right now and if you don’t want your home to sit on the market without an offer here are a few bits of advise:

• The most important thing you can do is price your home right, have your real estate agent do a CMA and price your home aggressively, that is in the lower range of similar homes if you want a quick sale
• Have a pre-inspection done to your home and fix any problems
• Give your home curb appeal
• Offer a Home Warranty if it is an older home
• Get rid of clutter, start clearing out your things, even if you have to put them in storage.
• Think about staging your home, get advise from a staging professional or at least your agent.

If you would like some info about Whatcom County real estate or living in Whatcom County send me an email or give me a call.