Beginning of November Pending Ratios!

Bellingham Real Estate

If you have been following the local real estate market you know it’s active and inventory is low. If you are thinking of selling now is the time!

The number of real estate signs you see in yards can be deceiving as to the number of homes actually for sale WITHOUT offers on them. If you are 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 Monday, November 5th, the pending ratio in Bellingham was 38%. Click the links to view a report of how many homes are for sale in each area by price range and how many of them are pending showing just how active certain sectors of the market are.

The Birch Bay Pending ratio was 27%

The Ferndale pending ratio was 29%

The Lynden pending ratio was 29%

The Sudden Valley pending ratio was 36%

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

What Are Today’s Mortgage Rates?

Thinking of buying, selling or refinancing? The mortgage rates are a must know! People’s Bank Home Loan Center passed along today’s rates to us. Below is a chart showing the rates as of yesterday, October 5th!

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Thank you Sidney Stonecypher at People’s Bank Home Loan Center for the rates. If you have mortgage questions you can reach her at 360-650-5365!

Inventory is Low and Homes are Pending! See How Many Here…

Bellingham Washington Real Estate Market

If you have been following the local real estate market you know it’s active and inventory is low. This Fall might just be the perfect time for you!

The number of real estate signs you see in yards can be deceiving as to the number of homes actually for sale WITHOUT offers on them. If you are 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 Friday, September 21st, the pending ratio in Bellingham was 35%. Click the links to view a report of how many homes are for sale in each area by price range and how many of them are pending showing just how active certain sectors of the market are.

The Birch Bay Pending ratio was 24%

The Ferndale pending ratio was 29%

The Lynden pending ratio was 33%

The Sudden Valley pending ratio was 60%

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

Buying, Selling, or Refinancing? Know The Mortgage Rates!

Thinking of buying, selling or refinancing? The mortgage rates are a must know! People’s Bank Home Loan Center passed along today’s rates to us. Below is a chart showing the rates as of yesterday, September 13th!

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Thank you Sidney Stonecypher at People’s Bank Home Loan Center for the rates. If you have mortgage questions you can reach her at 360-650-5365!

Looking for a 15 year Loan? 30 Year? FHA? The Purchase Rates Are In!

Thinking of buying, selling or refinancing? The mortgage rates are a must know! People’s Bank Home Loan Center passed along today’s rates to us. Below is a chart showing the rates as of yesterday, August 30th!

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Thank you Sidney Stonecypher at People’s Bank Home Loan Center for the rates. If you have mortgage questions you can reach her at 360-650-5365!

August 10th Pending Ratios for Whatcom County

GetMediaIf you have been following the local real estate market you know it’s active and inventory is low. If you are thinking of selling now is the time!

The number of real estate signs you see in yards can be deceiving as to the number of homes actually for sale WITHOUT offers on them. If you are 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 Friday, August 10th, the pending ratio in Bellingham was 38%. Click the links to view a report of how many homes are for sale in each area by price range and how many of them are pending showing just how active certain sectors of the market are.

The Birch Bay Pending ratio was 26%

The Ferndale pending ratio was 41%

The Lynden pending ratio was 44%

The Sudden Valley pending ratio was 54%

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

Beginning of August Mortgage Rates

Thinking of buying, selling or refinancing? People’s Bank Home Loan Center passed along today’s rates to us. Below is a chart showing the rates as of Thursday, August 2nd.

 

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Thank you Sidney Stonecypher at People’s Bank Home Loan Center for the rates. If you have mortgage questions you can reach her at 360-650-5365!

Crystal Ball Real Estate take on the Whatcom County Market

Curious what’s happening in the local real estate market and where we are headed?

Here is my “Crystal Ball Real Estate take on the Whatcom County Market”. 

Market Snap Shot July 2018

If you look at the figures in the graph above, you’ll see demand for homes continuing to outstrip supply which, in the long run, leads to rising home prices.  If you drill down into sales of the past 30 days, you find 45% closed higher than the list price, 40% sold at list price & 25% sold for less than list price.

While at first blush the take away might seem it’s full steam ahead, a more cautionary approach may be the order of the day. Reports from the Seattle market indicate their market is softening.  For example, they are experiencing a decline in the number of multiple offers, a decline in the number of people participating in multiple offers & listed properties going beyond their offer review dates.

The Northwest Multiple Listing Service is reporting increasing inventory with decreasing demand & a general softening of the market. We generally follow the Seattle market, so if their market is trending one way or the other, ours is soon to follow.

Nationally, the Wall Street Journal just published a survey of 35 Economists who, collectively, are predicting an economic downturn by 2020.  This same downturn is being mirrored by a recent Pulsenomics survey of economists as well.

In conclusion, Buyers & Sellers may need to adjust accordingly.  Follow closed sales, percentage of list price to sold prices, days on market & be aware that change is in the wind. If you have questions about any of these statistics, Mike & I would be happy to help you in any way we can.

Call us today at 1-888-713-3056 or email us at Info@JohnsonTeamRealEstate.com to discuss your real estate needs today!

Happy July!

Happy Monday! If you have been following the local real estate market you know it’s active and inventory is low. If you are thinking of selling now is the time!

The number of real estate signs you see in yards can be deceiving as to the number of homes actually for sale WITHOUT offers on them. If you are 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 Friday, June 29th, the pending ratio in Bellingham was 48%. Click the links to view a report of how many homes are for sale in each area by price range and how many of them are pending showing just how active certain sectors of the market are.

The Birch Bay Pending ratio was 33%

The Ferndale pending ratio was 42%

The Lynden pending ratio was 45%

The Sudden Valley pending ratio was 63%

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

End of June Rates!

Thinking of buying, selling or refinancing? People’s Bank Home Loan Center passed along today’s rates to us. Below is a chart showing the rates as of yesterday, June 28th.

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Thank you Sidney Stonecypher at People’s Bank Home Loan Center for the rates. If you have mortgage questions you can reach her at 360-650-5365!