Whatcom County Real Estate Market Report for June, 2009

Whatcom County Real Estate Chart

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

Whatcom County Real Estate Chart

  • 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.

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