Saturday Waterfront Open House in Bellingham

Brown Just Sold Postcard

Join Rich Johnson for an open house this Saturday, May 25th from 1pm – 3pm at 1502 Northshore Drive in Bellingham.

Live your dream with 132′ of Lake Whatcom west-facing waterfront property. Savor the quiet mornings on your enormous deck; stunning sunsets and starry nights on your secluded beach. Dock your boat and make that tough decision: lake or hot tub? Delight in your friends’ enjoyment of the lakeside guest house. Artfully landscaped fenced yard and a gazebo give privacy to remodeled 4 BR+office main house. Sport court, 3 car garage, and abundant storage allow for all of your toys. Welcome to Paradise! Listed at just $1,995,000.

Click here for the virtual tour.

4 Bedroom Just Listed In Great Ferndale Neighborhood

Copy of Copy of Just listed

Just listed by Mike Bredeson! 5447 Poplar Place in Ferndale, a 4 bedroom home in a great location!

This mild fixer has good bones with newer roof and furnace. There are 4 bedrooms and an open kitchen looking onto the living space. Most of the windows are vinyl and some of the flooring is upgraded. A little paint and some elbow grease will get you into the Ferndale market. The location is outstanding and an easy walk to Downtown- Plus when its all fixed up you can enjoy a barbecue in the large fenced back yard. It even has a nice shade tree for the summer days.

For more information, take a look at the virtual tour.

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

Birch Bay Tops The List of Tax Friendly Cities

Birch Bay Washington's Most Retirement Tax Friendly City! (1)

According to a recent survey from the financial technology company SmartAsset, Birch Bay tops the list of Washington’s most Retirement Tax Friendly cities!

SmartAsset takes a look at the tax policies for each city and the average retirement income. They then calculated the effective property tax rates, sales tax and fuel taxes for each area and create an index weighted capture the taxes that most effect retirees. Birch Bay had the highest Retirement Tax Friendliness Index, barely beating out East Port Orchard.

Are you contemplating relocating to Birch Bay? Take a look at some of the available real estate and give The Johnson Team a call today at (888) 713-3056 or email us at Info@JohnsonTeamRealEstate.com.

Selling Your House: Here’s Why You Need A Pro In Your Corner!

Selling Your House: Here’s Why You Need A Pro In Your Corner! | MyKCM

With home prices on the rise and buyer demand still strong, some sellers may be tempted to try to sell their homes on their own rather than using the services of a real estate professional.

Real estate agents are trained and experienced in negotiation while, in most cases, the seller is not. Sellers must realize that their ability to negotiate will determine whether or not they get the best deal for themselves and their families.

Here is a list of just some of the people with whom the seller must be prepared to negotiate if they decide to For Sale by Owner (FSBO):

  • The buyer, who wants the best deal possible
  • The buyer’s agent, who solely represents the best interests of the buyer
  • The buyer’s attorney (in some parts of the country)
  • The home inspection companies, which work for the buyer and will almost always find some problems with the house
  • The termite company, if there are challenges
  • The buyer’s lender, if the structure of the mortgage requires the sellers’ participation
  • The appraiser, if there is a question of value
  • The title company, if there are challenges with certificates of occupancy (CO) or other permits
  • The town or municipality, if you need to get the CO permits mentioned above
  • The buyer’s buyer, in case there are challenges with the house your buyer is selling

Bottom Line

The percentage of sellers who have hired real estate agents to sell their homes has increased steadily over the last 20 years. Let’s get together to discuss all that we can do to make the process of selling your house easier for you.

Moving Truck User of the Quarter – The Max Higbee Center!

Moving Truck

Max Higbee LogoAre you going to attend April Brews Day that is put on by the local non profit Max Higbee Center?

  The Johnson Team is honored to be able to provide the moving truck for the event to the Max Higbee Center.

The Max Higbee Center provides community-based recreation programs for youth and adults (14 and older) with developmental disabilities with three broad aims:

1) To provide opportunities for personal enjoyment and enrichment through a diverse range of leisure activities.
2) To promote the social, physical, and cognitive growth and emotional growth and development of participants.
3) To assist participants to achieve greater independence in their lives and increase involvement in the community.

Your real estate transactions help us to provide the moving truck FREE to local non profit organizations in Bellingham and Whatcom County.

If you or your organization are interested in booking the truck feel free to call us at 360-303-2734 or email Info@JohnsonTeamRealEstate.com

Learn more about April Brews day HERE for more info and to purchase your tickets to this awesome event! All proceeds benefit Max Higbee Center.

Mike’s “Reel Estate” Fishing Report

Salmon

We are all hoping for a great fishing year, but some of the dates may have changed.

Make sure to check the WDFW website for updates. Typically, the Ling Cod season opens May 1st and there should be lots of fish to be had. Last year was great and it seems like catching them inside the slot limit is getting easier.  For the Halibut- there should be some May openers. The last couple of years have been pretty slim for the “Reel Estate” – we used to sit on the hook and always catch something. The banks out in the straights are the best chances for a flattie. Then there is salmon. Chinook has been July 1st historically. But with the decline in the Orca population the fishing dates may have changed. Just remember, there is always a quick trip to Canada, plus up there the limit for prawns is 200 each vs. 80 in the states.

If you need a current report- Give The Johnson Team fishing hotline a call. 360-303-2734 we are happy to help.

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.

What Has The Johnson Team Been Up To? Team Talk

Lylene & I are fortunate in that we have been able to connect with our kids over the past few months.  With one living in Norway, the other in Hood River & both flying to all corners of the world, to be able to be in the same room with them is no small thing. IMG_20190308_153430

Chandler flies into Chicago several times a year & on his most recent trip, we met him there for a long weekend.  When we left Bellingham, it was blowing North East & while we were dressed appropriately for our weather, nothing can prepare you for Chicago in the winter with the wind blowing from the North.  We had so many layers on we looked like modern day versions of the Michelin Man.  Weather aside though, Chicago has marvelous museums, outdoor spaces & restaurants, all of which we certainly took advantage of.

Graham called us the other day & wondered if he & Rose could come over & hang out with us for a couple of days.  Rose is his 4 legged friend that is absolutely spring loaded.  At our house, the word Rose is used more as a verb that a noun or proper name as in – you have been “Rosed”. Energy aside, she is a sweet dog & a great companion.  You can always tell when we get together with Graham because the counter on my Fitbit goes up dramatically.  The weather was a bit soggy when he was in town so we didn’t do anything too adventuresome but with the many trails on Chuckanut Mountain, we were certainly able to get a few extra steps in & my heartrate up at the same time.  Graham is still doing long distance trail running & is scheduled to participate in a 100 mile race next month in California.

With both Chandler & Graham, the time went way too fast. The hugs were more heartfelt & the family stories, even while getting retold over & over, still bring smiles to our faces & results in a combination of tears & belly laughs.

At the end of the day, as a parent you always think you could have done better, but if they still call & want to hang out with you, you know you must have done something right!

 

There is a little excitement at the Bredeson household. thumbnailLauren is a freshman this year at Ferndale High School and she made the Varsity girls fast pitch squad! She has been trying very hard and the coach has noticed. Games have been fun to watch and all the ladies on the team seem to gel pretty well. Her team for the summer, the “Wolverines” is set for some tournaments too. These will happen July & August. So, it will be another busy, fun filled set of adventures.

Kim & Mike have been busy at work too. Kim is retired from cosmetology and is enjoying more involvement at The Johnson Team office. There is so much to learn- but she is a trooper! Plus being a mom, which is way harder than working! Boating season is just around the corner too. Mikes excited for the upcoming bottom fishing and Kim is ready for some sunshine!

Mckenna car 2019

Winter treated Fawn and the Morgan family well. McKenna won the Season Championship in her go kart for the winter racing series down in Monroe. She just started the season in her junior sprint and will be racing at Deming Speedway every Friday night now to September.  The winter storms were hard on their property and they lost several trees and are just now wrapping up all the clean up afterward. Their whole family is looking forward to warmer weather and summer camping!

From our homes to yours we all wish you the very best!!

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