Whatcom County Real Estate Market Report for February, 2010

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

  • There are currently 1446 homes for sale
  • Homes are priced from $16,000 – $4,400,000
  • Average Asking Price $407,864 Days on Market: 132 days
  • Median Asking Price $328,500 Days on Market: 74 days
  • Homes Pending (went under contract) last week: 61 Total Condos Pending: 373
February 2010
February 2009
January 2010
Homes sold
95
92
97
Average Sold Price
258,678
307,992
277,881
Median Sold Price
244,900
254,990
245,000
Ave. Days on the Market
96
101
99

The Average Sales price is down 16.0% compared to February, 09 and down 6.9% compared to the previous month January, 2010. The Median Sales prices is down 3.9% compared to February, 09 and $100 less than the previous month January, 2010. The number of sales is down 5 compared to February, 09 and down 3 compared to the previous month January, 2010. Condo Analysis for Whatcom County

  • Currently Active Listings: 411
  • Price range of active listings – $19,000 – $1,395,000
  • Average List Price $233,105 Days on Market: 164
  • Median List Price $180,000 Days on Market: 131
  • Condos Pending (went under contract) last week: 8 Total Condos Pending: 61
 
February 2010
February 2009
January 2010
Homes sold
10
16
13
Average Sold Price
215,307
182,110
230,346
Median Sold Price
183,085
164,500
194,000
Ave. Days on the Market
146
151
118

The Average Sales price is up 18.2% compared to February, 09, and down 6.5% compared to the previous month January, 2010.

The Median Sales prices is up 11.0% compared to February, 09 and down5.6 % compared to the previous month January, 2010.

The number of sales is down 6 compared to February, 09 and down 3 compared to the previous month January, 2010.

Pending sales are up again, But prices are falling again.

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 has also expanded the tax credit to include existing home owners who have owned a home for at least five of the last 8 years. You will be able to apply for tax credits of up to $6,500 when you purchase your 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

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