Lummi Island Real Estate Market Update

Lummi Island Real Estate Market May Be In for Better Days

Yesterday I looked at 22 houses currently for sale on Lummi Island. 

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On the spot reporting is great, but looking at the history a bit gives a more balanced picture of a market.  The table below compares the number of residences sold on Lummi Island for the past 6 months in 2007, 2008 and 2009.  It also compares the number of homes currently under contract to the number sold in 2007 and 2008 in the coming 3 months.  Based on these numbers, it is entirely possible that sales for the next 3 months could meet or surpass the number for 2007, which would be a step toward a possible market recovery.

Historical Sales - Lummi Island Homes

We track a lot of numbers relative to Whatcom County Real Estate, so if you have a particular interest, just leave a comment or question and I can probably get you what you want…or you can share your perspective.  I’d love to hear from you, and another point of view can help us all to better understand what is happening in this sometimes wacky world of real estate.

 

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Comments

  1. Nice post on “Lummi Island Real Estate Market Update”

  2. therentalbug says:

    Good survey report for designing a new strategy.

  3. paul spain says:

    Yes…..living on Lummi Island different from mainland living…………….By embracing island-friendly living , we can as humans and by working together for ourselves and for future generations the beauty , modus vivendi , and rich natural inheritance of this , our shared island home.

    with warm regards ,

    Paul

  4. Fawn Macaras says:

    Great video post on Lummi Island Real Estate!