July 2013 Bellingham and Whatcom County Real Estate Report
The Whatcom County real estate market continues to improve. There is a bit of stuttering from one month to another and from one area to another, but the overall trend is up in both number of sales and pricing.
May 2013 Bellingham and Whatcom County Real Estate Report
Indications are the market will continue strong but spotty. Current inventory levels in Bellingham for this time of year are lower than any time since 2005, while pending sales are higher. Through May, over 45% of the homes sold in Bellingham were on the market 30 days or less.
April 2013 Bellingham and Whatcom County Real Estate Report
Looking back over the past seven years - to the beginning of the boom in 2006, through the slump of 2008 to 2010, and now as the market begins to rebound – it is interesting to see how Whatcom County fared.
January 2013 Bellingham and Whatcom County Real Estate Report 2012 in Review
Indicators of an improving real estate market have been getting stronger over the past few months, and in looking at 2012 as a whole, it is obvious that the housing market in Whatcom County has come back.
December 2012 Bellingham and Whatcom County Real Estate Report
The teasing indications of an improvement in the local housing market throughout 2012 have really kicked in over the past 2 months, and the cumulative results of that can best be seen by comparing sales in November 2012 to sales in November 2011.
September Wrap Up 2012 Bellingham and Whatcom County Real Estate Report
The big real estate story over the past two years has been about inventory…the number of houses for sale. This number has declined from the prior year in every one of the past 20 months. Let’s use September as an example: in 2011, there were 12% fewer houses on the market in Bellingham at the end of September than there were in 2010.
July 2012 Bellingham and Whatcom County Real Estate Report
July was basically a tread water month, which has been pretty typical over the past several summers. Some areas were up, some were down, but there was no dramatic shift in the market as a whole.
June 2012 Bellingham and Whatcom County Real Estate Report
A major impact on the market has been the number of short sales and bank owned properties available. Typically they are priced lower and tend to drag down other sales. Let’s look at what has happened with these distressed properties over the past 12 months.
May 2012 Bellingham and Whatcom County Real Estate Report
Median days on the market for May sales in the county as a whole were 75,that means half of the houses sold were on the market 75 days or less before having an accepted offer. It ranged from 172 in Sudden Valley down to 23 in Bellingham.
March 2012 Bellingham and Whatcom County Real Estate Report
March was up strongly over February in both units sold and prices in most areas of the county. This is a typical spring occurrence. Bellingham sales increased 63%, average prices were up 15.8% and median price rose 7.2%. Whatcom County sales increased 50%, average prices 18.5% and the median was up 11.2%. All good.
February 2012 Bellingham and Whatcom County Real Estate Report
Bellingham inventory continued lower than the prior year, but the number of pending sales also started to decline. In some other areas of the county, however, pending sales were climbing.
January 2012 Bellingham and Whatcom County Real Estate Report
As is often the case, the real estate news in January 2012 was a mixture of good news and bad news. The good news is relatively easy to explain, but the bad news is a bit more puzzling. We’ll start with the easier question and move from there to the more difficult one.
2011 Year End Review for Bellingham & Whatcom County Real Estate
Sales are holding up fairly well, with all areas above or close to sales in 2010. While average and median prices rose a bit from the November numbers in most areas the price trend is still drifting downward. This may be the reason the number of sales are holding up: prices are lower and people can afford to buy, even with the more sensible loan requirements.
November 2011 Month End Bellingham & Whatcom County Real Estate Update
Sales were up, sales were down, some prices were up, but most were down…and whether they were up or down changes according to how one compares them. If you are confused already, welcome to the club…but let’s try to make some sense of it.
October 2011 Month End Bellingham & Whatcom County Real Estate Update
The Bellingham market moved even more strongly into the lower price points, with 64% of the sales below $300,000. Obviously, as prices have dropped, more homes have moved into this category, but it is interesting to note that 4 of the past 6 months have had over 60% of sales at or below $300,000.
September 2011 Month End Bellingham & Whatcom County Real Estate Update
If you drop a dozen ping-pong balls on a somewhat rough surface, what happens? In my experience, they go every which way, none of which are predictable. It is somewhat like the real estate market right now…some areas are up, some are down, some are up one month and down the next. Trying to make some sense out of it month by month can be really frustrating.
August 2011 Month End Bellingham & Whatcom County Real Estate Update
After a rather scary July in the Whatcom County housing market, August brought a number of pleasant surprises. More homes sold in Bellingham & Whatcom County as a whole than in any other month this year. This is the first time in 6 years that has happened in Bellingham and only the second for the entire County. June and July typically see the highest number of sales.
July 2011 Month End Bellingham & Whatcom County Real Estate Update
After the first half saw sales and prices stabilize, and in some cases actually rise a bit over 2010, July was a mixed story. The number of homes sold in Bellingham was down 19% and Ferndale was down 30%. On the other hand, every other area except Nooksack Valley was up substantially, from 47% in Birch Bay
June 2011 Month End Bellingham & Whatcom County Real Estate Update
The end of the first half is always an interesting time to look at the sales numbers. We are midway through 2011...what has it brought us, and what may that indicate for our future? As is usual, some areas are up and some are down, but overall we are doing pretty good. The number of sales in the first half of the year were down across the board from last year, but last year we had the homebuyer tax credits during the first half.
May 2011 Bellingham & Whatcom County Real Estate Update
So what happened to residential sales in Whatcom County in May? For the most part, the number of homes sold was down from May of 2010…from -14.9% in Bellingham to -24.9% in Whatcom County as a whole. Average sale prices dropped 11.1% in Bellingham and 4.8% over the entire County, while the median dropped 2.7% in Bellingham and increased 1.2% overall.
April 2011 Bellingham & Whatcom County Real Estate Update
Just when I think a trend is developing, things change. Since the first of the year, sales in Bellingham have been pretty strong. Then in April, they were down 16.4% from last year. Prices aren’t doing too badly – the average is down 2.8%, but the median is actually up by 1.8%.
March 2011 Bellingham & Whatcom County Real Estate Update
As we go into what is typically the most active real estate sales time of the year, these numbers bode well for sellers and should be a bit of a red flag to buyers. Choices are down and some sellers are getting a bit more stubborn. More buyers seem to be looking for property.
January & February 2011 Bellingham & Whatcom County Real Estate Update
Bellingham residential, single family sales numbers were up by 18.4% for the first 2 months of the years and Lynden matched its 2010 sales. Whatcom County residential sales as a whole for the two month period dropped 38 units…down 17.3% from 2010 numbers.
December 2010 Year End Bellingham & Whatcom County Real Estate Update
It has been an interesting year. They told us the recession was officially over, but our real estate market continued to struggle. The sales numbers at the first of the year reflected the timing of the tax credit extensions, spiking when the deadline was extended and dropping precipitously when the credits ended.
October 2010 Bellingham & Whatcom County Real Estate Update
October 31 of last year was intended to be the final closing date for home purchases eligible for the first time home buyer’s tax credit. That deadline was eventually extended and the program expanded beyond just first time buyers, but the October numbers this year clearly show the impact of that program and that deadline.
September 2010 Bellingham & Whatcom County Real Estate Update
There were dramatic fluctuations in the number of homes sold in September compared to August of this year, from an increase of 90% in Ferndale to a drop of 73% in Sudden Valley. Overall, fewer Whatcom County homes sold in September than in August, which is very typical.
July & August 2010 Bellingham & Whatcom County Real Estate Update
The artificial market created by tax credits resulted in the expected fall off the cliff in July, with the number of homes sold in the county as a whole down 22.8% from June sales. The only area that held its own compared to June was Bellingham, where one more home sold in July.
June 2010 Bellingham & Whatcom County Real Estate Update
In June, Whatcom County real estate markets showed the effect of accelerated sales due to the homebuyer tax credits. Sales numbers dropped from 10% to 40% in all markets except Birch Bay
April 2010 Bellingham & Whatcom County Real Estate Update
April real estate sales in Bellingham and Whatcom County were a very mixed bag compared to a year ago. Bellingham sales dropped, some areas held their own and several were up dramatically. Changes in sale prices tended to follow the changes in units sold.
March 2010 Bellingham & Whatcom County Real Estate Update
The first quarter of real estate sales in Bellingham and Whatcom County ended on a mixed note, with the number of single family homes sold up sharply in most areas from last year, but with average and median prices continuing to drop.
January & February 2010 Bellingham & Whatcom County Real Estate Update
After the strong increase in number of units sold in December, January was a letdown, with unit sales down by 26% in Bellingham, although up in Whatcom County as a whole from 2009. February brought the numbers back, resulting in year to date sales nearly even in Bellingham compared to 2009 and up in Whatcom County overall.
December 2009 Bellingham & Whatcom County Real Estate Update
The real estate market in 2009 strengthened as the year progressed, ending the year with dramatically higher sales numbers in some areas and categories when compared with 2008. Falling inventory numbers and strong pending sales were the precursors to more sales and relatively stable prices in the county as a whole during the last quarter.
November 2009 Bellingham & Whatcom County Real Estate Update
Bellingham sales numbers increased 141% (from 36 homes last year to 87 this year). The average price was up by 17.7%, but the median was down by nearly 2%. The average reflected the return of some sales over $500,000 (in 2008 there was just one) but the continued dominance of sales under $300,000 kept the median down.
October 2009 Bellingham & Whatcom County Real Estate Update
October home sales in every area of Whatcom County except Birch Bay
September 2009 Bellingham & Whatcom County Real Estate Update
Real estate sales in Whatcom County for the 3rd quarter of the year bucked the trend of the first 2 quarters and saw the number of home sales hold or rise slightly from 2008.
August 2009 Bellingham & Whatcom County Real Estate Update
Whatcom County real estate sales didn’t quite reach their 2008 levels in August, but the rate of decline year over year continued to drop.
July 2009 Bellingham & Whatcom County Real Estate Update
Whatcom County real estate sales are, for the most part, continuing to hold their own. Bellingham sold 99 houses in July of both 2008 & 2009
June 2009 Bellingham & Whatcom County Real Estate Update
Whatcom County sales are coming back, although the resurgence is spotty. Bellingham sold 100 houses in June of both 2008 & 2009. Sudden Valley was up from 8 sales in 2008 to 22 in 2009.
May 2009 Bellingham & Whatcom County Real Estate Update
Bellingham seems to be leading the way in Whatcom County’s real estate recovery. It is the first month since October of 2007 in which the number of houses sold was equal to the number sold in the same month of the prior year. No other areas in Whatcom County matched their prior year sales, but some did better than others.
March 2009 Bellingham & Whatcom County Real Estate Update
View what happened to the Bellingham and Whatcom County Real Estate Market during the month of March. See how March 2009 compared to March of 2008 in terms of number of actual home sales and average prices.
February 2009 Bellingham & Whatcom County Real Estate Update
Learn about what happened to our real estate market in February. How did the number of homes sold this February compare to last year or last month.
January 2009 Bellingham & Whatcom County Real Estate Update
After the holidays and the artic weather blast Whatcom County had in December it's no suprise the residentials sales were down from the previous year.
December 2008 Bellingham & Whatcom County Real Estate Update
Revisit the real estate statistics from 2008 and learn how the final month of the year helped shaped the statistics.
November 2008 Bellingham & Whatcom County Real Estate Update
Learn about all the changes that have happened to the Bellingham and Whatcom County Real Estate Market in November from The Johnson Team's Real Estate Statistics.
October 2008 Bellingham & Whatcom County Real Estate Update
View the lastest real estate statistic information for Bellingham & Whatcom County from the month of October.
September 2008 Bellingham & Whatcom County Real Estate Update
The number of homes sold in local areas continued to fall is September, but less overall than they did in August.
August 2008 Bellingham & Whatcom County Real Estate Update
For Whatcom County as a whole, average home prices were up 4.1%, while the median sales price dropped by 3.3%.
June 2008 Bellingham & Whatcom County Real Estate Update
Strength in the $500,000 to $750,000 market while the $300,000 to $500,000 market shows the largest decline.
May 2008 Bellingham & Whatcom County Real Estate Update
Real Estate sales in Bellingham soften Sudden Valley is the hardest hit.
2007 Year End Real Estate Update
Read to find out how the year 2007 effected Bellingham and Whatcom County Real Estate. Learn the hard numbers and facts on the Bellingham Real Estate Market.
November 2007 Real Estate Update
Average sales prices were still up a small amount for the month with sales down, to learn more click the link above.
October 2007 Real Estate Update
See how real estate in Bellingham and Whatcom County saw a shift if the trend of more expensive homes in the month of October, 2007
September 2007 Real Estate Update
See how the month of September shook out in terms of the number of home sales and price increases compared to that of the previous year.
August 2007 Real Estate Update
As of August average sales prices were still rising, to view all the numbers check out the report above.
July 2007 Real Estate Update
A look at where we are at this midpoint in summer in Bellingham and Whatcom County real estate markets.
June 2007 Real Estate Update
A look at the Bellingham and Whatcom County real estate market over the first half of the year and an explanation of why the numbers can be deceiving.
May 2007, Real Estate Update
A recap of the real estate market in May 2007, including year-to-date statistics, inventory levels and average days on market.
April 2007 Real Estate Update
An update on the real estate market in Bellingham and Whatcom County for April.
March 2007, 1st Quarter Real Estate Update
The Bellingham Real Estate Market's First Quarter Statistics.
February 2007 Real Estate Update
Bellingham's February Real Estate Market statistics click to see them and how they compare to the previous year and months.
January 2007 Real Estate Update
View January's Real Estate Market statistics and see how they compare to the previous year and months.
2006 Market Analysis and 2007 Real Estate Market Predictions
View monthly market updates as well as year end breakdowns in housing pricing and sales.