Whatcom County Real Estate Market Report for October, 2009

Whatcom County Real Estate Sales-StatsThe 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

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