The following is a quick analysis of the Residential Bellingham real estate market.
- Currently Active Listings: 531
- Price range of active listings – $124,900 – $4,500,000
- Average List Price $509,728 Days on the Market: 121
- Median List Price: $379,000 Days on the Market: 80
- Sold in August: 85
- Average List Price: $405,770
- Average Sales Price: $393,283 Days on the Market: 80
- Ratio of List to Price: 96.9%
- Median List Price: $340,000
- Median Sales Price: $325,000 Days on the Market: 37
- Ratio of List to Price: 95.6%531
- Pending Sales Last Week: 19 Total pending sales: 169
- Average Sales Price August 2008: $402,888
- Median Sales Price August 2008: $310,000
- Number Sold in August 2008: 91
The Average Sales price is down 2.3% compared to August 08 and up 1.5% compared to last month July 09.
The Median Sales prices is up 0.5% compared August 08 and up by 02% compared to July 09.
The number of sales is down by 6 compared to August 08 and down by 14 compared to last month July 09.
Condo Analysis for Bellingham
- Currently Active Listings: 274
- Price range of active listings – $113,900 – $1,565,000
- Average List Price $226,533 Days on the Market: 124
- Median List Price $183,900 Days on the Market: 70
- Sold in August: 16
- Average List Price: $229,783
- Average Sales Price: $$223,655 Days on the Market: 97
- Ratio of List to Price: 97.3%
- Median List Price: $212,900
- Median Sales Price: $210,500 Days on the Market: 46
- Ratio of List to Price: 98.9%
- Pending Sales Last Week: 14 Total pending sales: 56
- Average Sales Price August, 2008: $229,858
- Median Sales Price August, 2008: $180,000
- Sold in August, 2008: 35
Average Condo sale price is down 2.7% from August 2008 and up 9.4% from last month – July 2009
Median Sales Price is up 16.9% from August 2008 and up 18.3% from last month – July 2009
The number of condo sales is down by 19 compared to August 2008 and down by 8compared to last month – July 2009.
Interesting stats this month. If you look at the graph you can see that prices are stll on the rise in the residential market with a slight increase in the condo market. Where will the graph go next month is anybody’s guess. Will the roller coaster ride of prices continue?……..Tune in next month
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.
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
Categories: Uncategorized
Absorption rate is average number of homes sold per month over a particular period of time. The months to sell is a reflection of the absorption rate, how long it will take to sell the current inventory at the said absorption rate.
The Pending Ratio is the number of homes currently under contract compared to the number of homes available for sale .
This is a very interesting way to look at the market, as of today:
Average List Price $510,546 Days on the market 121
Median List Price $379,900 Days on the market 81
| Price Range |
Active Listings |
Monthly Absorption Rate |
Pending Past week/Total |
Months to sell Current Inventory |
Pending Ratio |
| |
|
|
|
|
|
| Up to $199,999 |
33 |
7.0 |
2/38 |
4.2 |
115% |
| 200,000-299,999 |
144 |
29.0 |
8/82 |
5.0 |
56% |
| 300,000-399,999 |
113 |
16.8 |
3/20 |
6.7 |
17% |
| 400,000-499,999 |
74 |
7.0 |
0/12 |
10.6 |
17% |
| 500,000-599,999 |
49 |
3.8 |
1/6 |
12.9 |
12% |
| 600,000-699,999 |
36 |
1.5 |
0/2 |
24.0 |
6% |
| 700,000-799,999 |
21 |
.8 |
1/3 |
26.3 |
14% |
| 800,000-899,999 |
18 |
.5 |
1/1 |
36 |
5% |
| 900,000-999,999 |
6 |
.5 |
0/0 |
12 |
0% |
| 1,000,000-1,999,999 |
29 |
.8 |
1/4 |
36.3 |
13% |
| 2,000,000+ |
7 |
.1 |
0/0 |
70 |
0% |
| Totals |
533 |
67.9 |
16/167 |
7.8 |
32% |
It still looks like a buyers market under $300.000 as conventional wisdom goes anything less than 6 months inventory is a buyers market.
Categories: Uncategorized
Absorption rate is average number of homes sold per month over a particular period of time. The months to sell is a reflection of the absorption rate, how long it will take to sell the current inventory at the said absorption rate.
The Pending Ratio is the number of homes currently under contract compared to the number of homes available for sale .
This is a very interesting way to look at the market, as of today:
Average List Price $516,523 Days on the market 120
Median List Price $386,803 Days on the market 77
| Price Range |
Active Listings |
Monthly Absorption Rate |
Pending Past week/Total |
Months to sell Current Inventory |
Pending Ratio |
| |
|
|
|
|
|
| Up to $199,999 |
27 |
7.0 |
4/37 |
3.9 |
137% |
| 200,000-299,999 |
148 |
29.0 |
14/88 |
5.1 |
59% |
| 300,000-399,999 |
108 |
16.8 |
1/23 |
6.4 |
21% |
| 400,000-499,999 |
75 |
7.0 |
0/12 |
10.7 |
17% |
| 500,000-599,999 |
49 |
3.8 |
0/5 |
12.9 |
10% |
| 600,000-699,999 |
35 |
1.5 |
1/3 |
23.3 |
8% |
| 700,000-799,999 |
19 |
.8 |
0/2 |
23.8 |
10% |
| 800,000-899,999 |
20 |
.5 |
0/0 |
40 |
0% |
| 900,000-999,999 |
7 |
.5 |
0/0 |
14 |
0% |
| 1,000,000-1,999,999 |
31 |
.8 |
1/4 |
38.8 |
13% |
| 2,000,000+ |
7 |
.1 |
0/1 |
70 |
0% |
| Totals |
526 |
67.9 |
21/167 |
7.7 |
32% |
It still looks like a buyers market under $300.000 as conventional wisdom goes anything less than 6 months inventory is a buyers market.
Categories: Uncategorized
Absorption rate is average number of homes sold per month over a particular period of time. The months to sell is a reflection of the absorption rate, how long it will take to sell the current inventory at the said absorption rate.
The Pending Ratio is the number of homes currently under contract compared to the number of homes available for sale .
This is a very interesting way to look at the market, as of today:
Average List Price $520,512 Days on the market 118
Median List Price $389,000 Days on the market 77
| Price Range |
Active Listings |
Monthly Absorption Rate |
Pending Past week/Total |
Months to sell Current Inventory |
Pending Ratio |
| |
|
|
|
|
|
| Up to $199,999 |
31 |
7.0 |
5/40 |
4.4 |
129% |
| 200,000-299,999 |
151 |
29.0 |
14/84 |
5.2 |
56% |
| 300,000-399,999 |
106 |
16.8 |
3/27 |
6.3 |
25% |
| 400,000-499,999 |
81 |
7.0 |
4/13 |
11.5 |
16% |
| 500,000-599,999 |
50 |
3.8 |
0/7 |
13.2 |
14% |
| 600,000-699,999 |
36 |
1.5 |
2/3 |
24 |
8% |
| 700,000-799,999 |
21 |
.8 |
1/2 |
26.3 |
10% |
| 800,000-899,999 |
19 |
.5 |
0/1 |
38 |
5% |
| 900,000-999,999 |
8 |
.5 |
0/0 |
16 |
0% |
| 1,000,000-1,999,999 |
33 |
.8 |
0/2 |
41.3 |
6% |
| 2,000,000+ |
8 |
.1 |
0/1 |
80 |
0% |
| Totals |
544 |
67.9 |
29/182 |
8.0 |
32% |
It still looks like a buyers market under $300.000 as conventional wisdom goes anything less than 6 months inventory is a buyers market.
Categories: Uncategorized
The following is a quick analysis of the Whatcom County real estate market.
- There are currently 1621 homes for sale
- Homes are priced from $13,000 – $6,995,000
- Average Asking Price $432,105 Days on Market: 133 days
- Median Asking Price $337,500 Days on Market: 89 days
- Homes sold in August: 173
- Average Listing Price $330,730
- Average Sold Price $318,447 Days on Market 91
- Median Listing Price $289,900
- Median Sold Price $280,000 Days on Market: 53
- Homes Pending this week: 72 Total Homes Pending: 426
- Average Sales Price August 2008: $345,933
- Median Sales Price August 2008: $281,500
- Sold in August 2008: 196
The Average Sales price is down 7.9% compared to August 08 and down .9% compared to last month.
The Median Sales prices is down .5% compared to August 08 and up 7.7% compared to last month.
The number of sales is down by 23 compared to August 08 and down by 6 compared to last month.
Condo Analysis for Whatcom County
- Currently Active Listings: 474
- Price range of active listings – $24,900 – $1,565,000
- Average List Price $252,632 Days on Market: 153
- Median List Price $199,625 Days on Market: 96
- Sold in August: 28
- Average Listing Price $216,913
- Average Sold Price $210,112 Days on Market: 132
- Median Listing Price $209,450
- Median Sold Price $205,000 Days on Market: 60
- Condos Pending (went under contract) last week: 23 Total Condos Pending: 77
- Average Sales Price August 2008: $217,729
- Median Sales Price August 2008: $180,000
- Sold in August 2008: 49
The Average Sales price is down 3.4% compared to August 08, and up by 3.6% compared to last month.
The Median Sales prices is up by 13.9% compared to August 08 and up by 12.5% compared to last month.
The number of sales is down by 28 compared to August 08 and down by 11 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
Categories: Uncategorized
Absorption rate is average number of homes sold per month over a particular period of time. The months to sell is a reflection of the absorption rate, how long it will take to sell the current inventory at the said absorption rate.
The Pending Ratio is the number of homes currently under contract compared to the number of homes available for sale .
This is a very interesting way to look at the market, as of today:
Average List Price $529,242 Days on the market 115
Median List Price $399,900 Days on the market 75
| Price Range |
Active Listings |
Monthly Absorption Rate |
Pending Past week/Total |
Months to sell Current Inventory |
Pending Ratio |
| |
|
|
|
|
|
| Up to $199,999 |
32 |
6.8 |
5/36 |
4.7 |
113% |
| 200,000-299,999 |
145 |
29.0 |
18/83 |
5.0 |
57% |
| 300,000-399,999 |
115 |
16.9 |
5/28 |
6.8 |
24% |
| 400,000-499,999 |
86 |
6.8 |
0/19 |
12.6 |
23% |
| 500,000-599,999 |
54 |
3.3 |
1/12 |
16.4 |
22% |
| 600,000-699,999 |
40 |
1.8 |
0/2 |
21.7 |
5% |
| 700,000-799,999 |
21 |
.8 |
0/3 |
26.3 |
17% |
| 800,000-899,999 |
20 |
.7 |
0/1 |
28.6 |
6% |
| 900,000-999,999 |
10 |
0.4 |
0/1 |
25.0 |
9% |
| 1,000,000-1,999,999 |
35 |
0.7 |
0/3 |
50.0 |
9% |
| 2,000,000+ |
9 |
.1 |
0/0 |
90 |
0% |
| Totals |
566 |
67.3 |
31/182 |
8.4 |
32% |
It still looks like a buyers market under $300.000 as conventional wisdom goes anything less than 6 months inventory is a buyers market.
Categories: Uncategorized
The following is a quick analysis of the Whatcom County real estate market.
- There are currently 1663 homes for sale.
- Homes are priced from $16,000 – $6,995,000
- Average Asking Price $436,770 Days on Market: 130 days
- Median Asking Price $339,900 Days on Market: 87 days
- Homes sold in July: 221
- Average Listing Price $337,331
- Average Sold Price $321,492 Days on Market 97
- Median Listing Price $269,000
- Median Sold Price $259,950 Days on Market: 66
- Homes Pending this week: 62 Total Homes Pending: 454
- Average Sales Price July 2008: $321,231
- Median Sales Price July 2008: $284,945
- Sold in July 2008: 228
The Average Sales price is up by $261 less than .1% compared to July 08 and up 11.2% compared to last month.
The Median Sales prices is down 8.8% compared to July 08 and down 2.8% compared to last month.
The number of sales is down by 7 compared to July 08 and up by 1 compared to last month.
Condo Analysis for Whatcom County
- Average Sales Price July 2008: $200,751
- Median Sales Price July 2008: $200,000
- Sold in July 2008: 46
The Average Sales price is down 9.2% compared to July 08, and down by 16.0% compared to last month.
The Median Sales prices is down by 8.8% compared to July 08 and down by 10.1% compared to last month.
The number of sales is down by 7 compared to July 08 and up by 13 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
Categories: Uncategorized
Absorption rate is average number of homes sold per month over a particular period of time. The months to sell is a reflection of the absorption rate, how long it will take to sell the current inventory at the said absorption rate.
The Pending Ratio is the number of homes currently under contract compared to the number of homes available for sale .
This is a very interesting way to look at the market, as of today:
Average List Price $530,240 Days on the market 114
Median List Price $399,900 Days on the market 76
| Price Range |
Active Listings |
Monthly Absorption Rate |
Pending Past week/Total |
Months to sell Current Inventory |
Pending Ratio |
| |
|
|
|
|
|
| Up to $199,999 |
31 |
6.8 |
5/34 |
4.6 |
110% |
| 200,000-299,999 |
146 |
29.0 |
12/73 |
5.0 |
50% |
| 300,000-399,999 |
110 |
16.9 |
6/30 |
6.5 |
27% |
| 400,000-499,999 |
84 |
6.8 |
2/19 |
12.3 |
23% |
| 500,000-599,999 |
52 |
3.3 |
3/14 |
15.8 |
27% |
| 600,000-699,999 |
38 |
1.8 |
1/2 |
21.1 |
5% |
| 700,000-799,999 |
18 |
.8 |
1/3 |
22.5 |
17% |
| 800,000-899,999 |
20 |
.7 |
0/1 |
28.6 |
6% |
| 900,000-999,999 |
11 |
0.4 |
0/1 |
27.5 |
9% |
| 1,000,000-1,999,999 |
35 |
0.7 |
1/3 |
50.0 |
9% |
| 2,000,000+ |
9 |
.1 |
0/0 |
90 |
0% |
| Totals |
555 |
67.3 |
31/181 |
8.2 |
33% |
It still looks like a buyers market under $300.000 as conventional wisdom goes anything less than 6 months inventory is a buyers market.
Categories: Uncategorized
The following is a quick analysis of the Blaine real estate market.
- There are currently 279 homes for sale.
- Homes are priced from $84,900- $6,995,000
- Average Asking Price $503,519 Days on Market: 138 days
- Median Asking Price $380,000 Days on Market: 96 days
- Homes sold in July: 36
- Average Listing Price $289,308
- Average Sold Price $279,519 Days on Market 108
- Median Listing Price $217,450
- Median Sold Price $217,340 Days on Market: 73
- Homes Pending this week: 13 Total Homes Pending: 67
- Average Sales Price July 2008: $290,052
- Median Sales Price July 2008: $245,000
- Sold in July 2008: 32
The Average Sales price is down 3.6% compared to July 08 and down 5.6% compared to June 09.
The Median Sales prices is down 11.3% compared to July 08 and down 3.9% compared to June 09.
The number of sales is up by 4 compared to July 08 and is up by 14 compared to last month June 09.
Condo Analysis for Blaine/Birch Bay
- Currently Active Listings: 123
- Price range of active listings – $24,900 – $1,249,000
- Average List Price $323,645 Days on Market: 178
- Median List Price $235,0000 Days on Market: 144
- Sold in July: 5
- Average Listing Price $225,480
- Average Sold Price $207,200 Days on Market: 183
- Median Listing Price $230,000
- Median Sold Price $196,000 Days on Market: 127
- Condos Pending this week: 1 Total Condos Pending: 9
- Average Sales Price July 2008: $209,300
- Median Sales Price July 2008: $160,000
- Sold in July 2008: 5
The Average Sales price is down 1.0% compared to July 08 and up 35.2% compared to June 09.
The Median Sales prices is up 22.5% compared to July 08 and up 113% compared to June 09.
The number of sales is equal to July 08 and is down up 1 compared to last month June 09.
Once again it is hard to compare Blaine condo sales
Categories: Uncategorized
- There are currently 161 homes for sale.
- Homes are priced from $159,900 – $1,995,000
- Average Asking Price; $395,691 Days on Market are 126 days
- Median Asking Price: $350,000 Days on Market are 77 days
- Homes sold in July: 14
- Average Listing Price $287,611
- Average Sold Price $277,111 Days on the Market 83
- Median Listing Price $283,700
- Median Sold Price $264,325 Days on Market 55
- Homes Pending last week: 6 Total Homes Pending: 30
- Average Sales Price July 2008: $330,234 151 Dom
- Median Sales Price July 2008: $290,000 103 Dom
- Sold in July 2008: 22
The Average Sales price is down 16.1% compared to July 08 and up 3.9% compared to June 09.
The Median Sales prices is down 8.9% compared to July 08 and down .6% compared to June 09.
The number of sales is down by 8 compared to July 08 and is down by 1 compared to last month June 09.
Condo Analysis for Lynden
- There are currently 41 condos for sale.
- Condos are priced from $139,900 – $419,000
- Average List Price $240,283 Days on the Market: 177
- Median List Price $229,950 Days on the Market: 110
- Condos Sold in June: 6
- Average List Price: $224,635
- Average Sales Price: $217,993 Days on the Market: 133
- Median List Price: $224,675
- Median Sales Price: $216,500 Days on the Market: 77
- Pending Sales Last Week: 4 Total Condos Pending: 6
- Average Sales Price July 2008: $211,933 Dom 161
- Median Sales Price July 2008: $216,100 Dom 144
- Sold in July 2008: 6
The Average Sales price is up 8.5% compared to July 08 and down 24.8% compared to June 09.
The Median Sales prices is up 0.1% compared to July 08 and up 25.3% compared to June 09.
The number of sales is equal to July 08 and is down by 1 compared to last month June 09.
Categories: Uncategorized
