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.
Let’s start this report by looking at who went up and who went down, but then we’re going to talk about trendlines
Bellingham’s September home sales were up strongly from last year in terms of number of homes sold, but the prices dropped – 14% for the average and 12.5% in the median – and that tended to be the pattern throughout most of the county. Only Lynden saw the number of sales drop, but they came off an incredible increase in August. Birch Bay/Blaine was the only area where average and median prices were higher than a year ago – by about 7.8%. Over all, September had the 3rd highest number of home sales in Whatcom County so far in 2011.
As the table below demonstrates, the distribution of sales across price ranges in Bellingham continued to stay heavy on the lower end. In fact, nearly all the additional sales over last year were below $300,000. This, in itself, pulls down both the average and the median prices.
To learn more about what is happening in the Bellingham and Whatcom County Real Estate Markets visit and read the complete article complete with graphs visit the Bellingham Real Estate Update Page.
For ongoing real estate numbers and details on all the Whatcom County market areas, go to www.JohnsonTeamRealEstate.com. We update the site weekly with everything from interest rates to market conditions to information from Fannie Mae, the FED and the FDIC. Also, feel free to call us at (360) 303-2734 or e-mail Info@JohnsonTeamRealEstate.com if you want to know more about a specific portion of the market – we track a lot more than we have space to report.
If your neighborhood would like a presentation or a link to your website of up-to-date information on real estate in the neighborhood, we can provide it – just give us a call.
www.JohnsonTeamRealEstate.com also includes a constantly updated list of newly listed properties and a list of properties being offered as short sales & foreclosures (REOs), as well as the entire listing database of the Northwest Multiple Listing Service, fully searchable to your specifications.