Pending Ratios for the end of June

Pending Ratios TemplateIf 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 28th, the pending ratio in Bellingham was 45%. 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 30%

The Ferndale pending ratio was 46%

The Lynden pending ratio was 47%

The Sudden Valley pending ratio was 53%

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

First Day of Summer Whatcom County Pending Ratios!

Pending Ratios Template (1)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 21st, the pending ratio in Bellingham was 47%. 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 32%

The Ferndale pending ratio was 49%

The Lynden pending ratio was 50%

The Sudden Valley pending ratio was 53%

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

Pending Ratios for Whatcom County As of June 14th

Pending Ratios TemplateIf 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 14th, the pending ratio in Bellingham was 49%. 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 32%

The Ferndale pending ratio was 47%

The Lynden pending ratio was 54%

The Sudden Valley pending ratio was 59%

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

The Top Reasons to Own Your Home

The Top Reasons to Own Your Home [INFOGRAPHIC] | MyKCM

Some Highlights:

  • June is National Homeownership Month!
  • Now is a great time to reflect on the many benefits of homeownership that go way beyond the financial.
  • What reasons do you have to own your own home? Give The Johnson Team a call today at (888) 713-3056 or email us at Info@JohnsonTeamRealEstate.com.

Top Days to List Your Home for Sale

Top Days to List Your Home for Sale [INFOGRAPHIC] | MyKCM

Some Highlights:

  • ATTOM Data Solutions conducted an analysis of more than 29 million single family home and condo sales over the past eight years to determine the top days to list your home for sale.
  • The top five days to list your home brought in a 10% premium over market value and are all in either May or June!
  • “Families start their home search when they know their kids will be out of school and when the weather is ideal for home viewing and moving, giving home sellers an upper hand in price negotiations.”
  • There is still time to list your home before these dates pass you by! Give The Johnson Team a call today at (888) 713-3056 or email us at Info@JohnsonTeamRealEstate.com.

A Wide-Ranging Market Update

Today we’re excited to give you a closer look at each level of our real estate market. We’ll start
with the national market and drill the numbers down to the region, state, county, city, and even
neighborhood markets in our area.

Here’s an outline of our update, with timestamps so that you can skip ahead to the
section(s) that interest you most:
0:15- A quick look at interest rates
1:00- The year-over-year price change both nationally and by region
1:27- Home price changes by state
2:15- The National Association of Realtors’ predictions for home appreciation through 2022
2:45- Some quarterly stats for Whatcom County
3:15- Active listings versus home sales for Bellingham from 2014 to 2019
4:05- What pending ratios tell us about our market
5:17- Active listings versus pending sales for the Columbia District
6:00- Market activity for the last six months on Eldridge Avenue
6:35- Some final thoughts about the future of our market and how you can benefit from it

If you have a nonprofit organization and you’re interested in using our moving truck,
don’t hesitate to reach out. Also, if you’re interested in getting in shape, reach out to us
about a free $50 gift card from Fitness Gear and Training.

If you have any other questions about the market or about real estate in general, don’t hesitate
to give us a call or send us an email. I look forward to hearing from you soon.

360-303-1327 Info@JohnsonTeamRealEstate.com

Listing to Pending Ratio Real Estate Market Update

Pending Ratios Template

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, May 3rd, the pending ratio in Bellingham was 47%. 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 39%

The Ferndale pending ratio was 49%

The Lynden pending ratio was 56%

The Sudden Valley pending ratio was 46%

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

The State of the Bellingham and Whatcom County Real Estate Market

Real Estate snapshot

The following details breakdown the figures from the chart above.

  • 34 homes (54%) sold either at or greater than the list price.
  • 4 homes sold up to $5,000 over the list price.
  • 15 homes sold in excess of $5,000 over the list price.
  • 1 home sold in excess of $65,000 over the list price.
  • While the average days on market was 43 days, 25 homes pended within 5 days of the list date
  • There are currently 100 homes in Bellingham that are pending. Of the 100, 39 homes pended within 5 days or less of their list dates.

So my take away is this:

  • Bellingham inventory will remain low with no end in sight.
  • Interest rates have dropped on 2-28-2019 at 4.375% for a 30 year fixed with 5% down to 3-28-2019 with an interest rate of 4.125% for a similar loan. This will continue to fuel sales.
  • Based on the number of people coming through my open houses & the number of buyers from out of area, we will continue to see demand out stripping supply with prices continuing to increase.
  • For buyers hoping to compete in this marketplace, it’s imperative to have your financing in place & be prepared to compete with buyers who are willing to write offers without some of the usual contingencies.
  • For sellers, it’s important to note that while several of these homes pended in record time at sometimes head shaking prices, there were still 19 homes that took in excess of 40 days to go pending with several pending in excess of 100 days of their list date. That said, this is definitely a seller’s market. However, even in this market, one has to price appropriately, stage a home so that it’s presented in its best light & make it readily available to be shown.

Certainly if you or your friends have questions about the market in general or about a specific property, do not hesitate to give us a call at 1-888-713-3056 or email us at Info@JohnsonTeamRealEstate.com.  We’d be happy to help any way that we can.

March Madness! The Current Whatcom County Pending Ratios

Bellingham REal Estate for saleIf 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, March 22nd, the pending ratio in Bellingham was 49%. 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 28%

The Ferndale pending ratio was 42%

The Lynden pending ratio was 51%

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

Today’s Most Current Mortgage Rates

Thinking of buying, selling, or refinancing?  The mortgage rates are a must know! Interest rates are the rates at which money can be borrowed for a set period of time. The higher the rate, the more money a borrower must pay in the form of interest on the loan. When mortgage rates are lower, this makes the purchasing of a home more affordable. Although the cost of mortgages is closely tied to the interest rate, the price at which homes are sold does not always appear in direct correlation.

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