Home Pending Ratios for Bellingham & Whatcom County

Home SalesHave you noticed how active the real estate market is? Are you seeing new signs around your neighborhood and curious if any of those homes already have offers on them? We have your answers!

Every week we keep track of how many homes are for sale around Bellingham and Whatcom County and how many of those homes have pending offers on them. Pending is the time frame between when an offer has been mutual accepted between the buyer’s and the seller’s of the home and when the title actually transfers hands. This give the buyer’s time to get the financing, do inspection, review the title reports and more.

As of Saturday, August 27th, the pending ratio in Bellingham was 46%. Click the links to view a report of how many homes are for sale in each area and price range and how many of them are pending showing just how active certain sectors of the market are.

Birch Bay has a pending ratio of 37%

The Ferndale pending ratio was 42%

The Lynden pending ratio was 37%

The Sudden Valley pending ratio was 49%

If you are thinking of selling your home or property, Johnson Team Real Estate would love to help! We are here to help you will all your real estate needs! You can reach us toll free at 1-888-713-3056 or email us at Info@JohnsonTeamRealEstate.com

Should You Buy Now or Wait Until Next Year?

Are you one of the millennials who is struggling with trying to figure out if you would buy now or wait? Check out this great info-graphic to help you make an informed decision! BUy Now or Wait Till Next YearIf you have questions about the home buying process, are curious about the local Whatcom County Real Estate market or have another real estate related questions call Johnson Team Real Estate toll free at 1-888-713-3056 today.

You can also visit us at www.JohnsonTeamRealEstate.com to view the latest real estate listings, market statistics and more!

4 Stats That PROVE This Is NOT 2005 All over Again

4 Stats That PROVE This Is NOT 2005 All over Again | MyKCM

Recent research by realtor.com examined certain red flags that caused the housing crisis in 2005, and then compared them to today’s real estate market. Today, we want to concentrate on four of those red flags.

  • Price to Rent Ratio
  • Price to Income Ratio
  • Mortgage Transactions
  • House Flipping

All four categories were outside historical norms in 2005. Home prices were way above normal ratios when compared to both rents and incomes at the time.

They explained that mortgage transactions as a percentage of all home sales were also at a higher percentage:

“Loose credit was one of the main culprits of the housing crisis. Mortgage lending expanded dramatically as unhealthy housing speculation reached its peak and was met by the highest level of credit availability as measured by the Mortgage Bankers Association. The index measures the overall mortgage credit condition by the share of home sales financed by mortgages. This metric does not capture credit quality, but it does set a view of the importance of financing in supporting the housing market.”

House flipping was rampant in 2005. As realtor.com’s research points out:

“Heightened flipping activity is a clear indication of speculation in the real estate market. A property is considered as a speculative flip if the property is sold twice within 12 months and with positive profit. Flipping is a normal part of a healthy housing market. In an inflated housing market, expectations about short-term profit from pure price appreciation are very high; therefore, the level of flipping activity would show evidence of being heightened.”

Here are the categories with percentages reflecting the unrealistic ratios & numbers of 2005 as compared to the current market. Remember, a negative percentage reflects a positive gain for the market.

4 Stats That PROVE This Is NOT 2005 All over Again | Simplifying The Market

Bottom Line

They say hindsight is 20/20… Today, experts are keeping a close watch on the potential red flags that went unnoticed in 2005. If you have questions about today’s real estate market in Bellingham and Whatcom County call Johnson Team Real Estate today toll free at 1-888-713-3056 or visit us at www.JohnsonTeamRealEstate.com today!

Source: KeepMattersCurrent.com

It’s Back To School Time!

KindergartenIt’s hard to imagine that summer is almost over and the school year is about to begin for Whatcom County School Districts, but alas the time is here!

Even though school might not be starting until next week or the week after for some districts in Whatcom County it’s still a great time to start getting ready. A good night’s sleep is more important that ever for your young scholars. It’s a good idea to start getting used to the school sleep schedule now so they are fully rested and awake when they start their first day of class. Some suggestions for getting a good night’s sleep are to set a scheduled bed time , set clothes out the night before and set the backed pack back by the door. By making the most of your evenings before bed time and organizing your things for your morning getting ready will take less time and allow for more sleep.

It you opt to start changing your sleeping plan early take full advantage of the getting up early and plan some fun end of summer day trips with your family before school starts. Take a trip to the birch bay water slides, walk the beaches of Semiahmoo Spit or go swimming at Lake Whatcom, as school is just around the corner!

Remember, if you are search for homes or our site there is a quick and easy “Schools” button located on every listing detail page to help you learn more about the schools and school districts in a home’s area. Visit www.JohnsonTeamRealEstate.com to learn more!

Your Monday Bellingham Real Estate Update!

Home SalesHave you noticed how active the real estate market is? Are you seeing new signs around your neighborhood and curious if any of those homes already have offers on them? We have your answers!

Every week we keep track of how many homes are for sale around Bellingham and Whatcom County and how many of those homes have pending offers on them. Pending is the time frame between when an offer has been mutual accepted between the buyer’s and the seller’s of the home and when the title actually transfers hands. This give the buyer’s time to get the financing, do inspection, review the title reports and more.

As of Saturday, August 20th, the pending ratio in Bellingham was 44%. Click the links to view a report of how many homes are for sale in each area and price range and how many of them are pending showing just how active certain sectors of the market are.

Birch Bay has a pending ratio of 39%

The Ferndale pending ratio was 39%

The Lynden pending ratio was 37%

The Sudden Valley pending ratio was 55%

If you are thinking of selling your home or property, Johnson Team Real Estate would love to help! We are here to help you will all your real estate needs! You can reach us toll free at 1-888-713-3056 or email us at Info@JohnsonT

Lake Whatcom Waterfront Home Open House!

Don’t miss your chance to tour one of Lake Whatcom’s finest home’s on the market. Visit Rich Johnson today from 1:00-3:00pm as he hosts an open house at 3078 Northshore Drive in Bellingham, located on the shores of Bellingham’s Lake Whatcom.

If you are looking for sun, no bank waterfront, privacy & elegant home, your search is finally over. This 3 bedrooms, 3 bathroom northwestern contemporary home was built by one of Bellingham’s premier builders who used only the finest of materials to create a masterpiece on Lake Whatcom . From the quartz counter tops to the steam shower, no expense has been spared -even Fido has his own shower.

Lake Whatcom Waterfront HomeThe setting is peaceful with beautiful walkways, pond, and lush landscaping with a slice of waterfront complete with a private dock, boat lift and outdoor kitchen. The outdoor water sports and entertaining options at this home are endless! Come see Rich today, from 1:00 to 3pm to see more of what this home has to offer.

If you would like more detailed directions to the home or would like to schedule a private showing feel free to call 1-888-713-3056 or email us at Info@JohnsonTeamRealEstate.com, we would be happy to help!

You may also view directions and more photos on our website!

Silver Beach Neighborhood Open House, Sunday from 1:00-3:00pm

Open House this Sunday from 1:00-3:00pm at  2711 Lakeridge Lane in Bellingham! Listed for sale for $345,000 the home features 3 bedrooms, 2 bathrooms and 1,564 sq ft.

 

View the Tour

Whether you are just starting out or looking to downsize this immaculate rambler in highly sought after Silver Beach neighborhood may be just what you are looking or. A recent face lift with paint in and out & new flooring materials make it ready for the most discerning of buyers. Located on a private dead end street & only a short walk to either Big Rock Garden, Blodel Donovan Park or Silver Beach Elementary, this is a Secret Gem waiting to be found;it even comes with a lake view & sunny yard.

Additional Information:

Taxes: $2,847Lakeridge Lane Kitchen
View: Lake
Lot Size: 0.19 Acre (8,276 SqFt)
Garage Size: 1 Car
Exterior: Wood Products
Heating/Cooling: Forced Air
Roof: Composition Roof
Flooring Vinyl Floor, Wall to Wall Carpet

School Information

District: Bellingham
Elementary: Silver Beach Elementary
Junior High: Whatcom Middle School
High: Squalicum High

For more information on 2711 Lakeridge Lane visit our website , visit our open house this Sunday from 1:00-300pm, or call us toll free at 1-888-713-3056 today!

Agape Service Project Thanks Johnson Team Real Estate!

Check out this wonderful thank you card Johnson Team Real Estate received from The Agape Service Project!

Card Front
The Agape Service Project is a a week-long summer service project to help foster middle and high school youths’ faith while serving the migrant community in Whatcom County.

Card Back

Agape was started in 2004 by Newman Catholic Campus Ministry (NCCM) at Western Washington University. Agape is run by students involved in NCCM who are passionate about social justice and youth ministry. To learn more visit their facebook page today!

Thank you Agape Service project for all your hard work serving our wonderful community. Remember, your real estate referrals fund our truck and allow us to lend it for FREE to local Whatcom County Non-Profits and our clients. To schedule the truck or learn more call us today at (360) 303-2734 or visit us at Info@JohnsonTeamRealEstate.com

The Difference Your Interest Rate Makes

You work hard for your money and the last thing you want to do is spend it paying interest. Take a look at this infographic and see just how interest rates have changed the lending market over the years. Even the smallest increases in rates drastically impact your budget.
INterest rates
If you have questions about today’s real estate market give us a call locally at (360) 303-2734 or email us at Info@JohnsonTeamRealEstate.com.

How Many Homes Already Have Offers On Them?

Pending CoupleHave you noticed how active the real estate market is? Are you seeing new signs around your neighborhood and curious if any of those homes already have offers on them? We have your answers!

Every week we keep track of how many homes are for sale around Bellingham and Whatcom County and how many of those homes have pending offers on them. Pending is the time frame between when an offer has been mutual accepted between the buyer’s and the seller’s of the home and when the title actually transfers hands. This give the buyer’s time to get the financing, do inspection, review the title reports and more.

As of Saturday, August 13th, the pending ratio in Bellingham was 46%. Click the links to view a report of how many homes are for sale in each area and price range and how many of them are pending showing just how active certain sectors of the market are.

Birch Bay has a pending ratio of 37%

The Ferndale pending ratio was 39%

The Lynden pending ratio was 36%

The Sudden Valley pending ratio was 57%

If you are thinking of selling your home or property, Johnson Team Real Estate would love to help! We are here to help you will all your real estate needs! You can reach us toll free at 1-888-713-3056 or email us at Info@JohnsonTeamRealEstate.com