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
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Currently Active Listings: 503 - Price range of active listings – $24,900 – $1,565,000
- Average List Price $254,898 Days on Market: 146
- Median List Price $199,900 Days on Market: 87
- Sold in July: 39
- Average Listing Price $211,768
- Average Sold Price $202,903 Days on Market: 156
- Median Listing Price $188,950
- Median Sold Price $182,212 Days on Market: 100
- Condos Pending (went under contract) last week: 9 Total Condos Pending: 65
- 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