Thursday’s Purchase Rates

The current market rates play a large role in home loans. It is important information to know from a buying, selling, or refinancing perspective! Check these current rates as of Thursday, June 15th.

june15

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!

Highly Sought After Bellingham Neighborhood Open House

Mason Open House Image

 

Join Rich Johnson for an open house on Sunday, June 18th from 1pm – 3pm at 1005 Mason Street in Bellingham!

Don’t let this turn of the century craftsman slip through your fingers. It’s solid, it’s super cute & it’s move in ready. It even comes with brand new never been used washer and dryer. From the sidewalk its vintage craftsman. Inside, it still has the charm of fir floors, wide molding and everything that comes with 1906 construction but added to it are tastefully redone bathrooms and a lovely kitchen. Outside, you’ll enjoy a huge deck & fully fenced back yard. It’s very nice, come & take a look!

Birch Bay Home Values

Do you own a home in beautiful Birch Bay Washington?

Curious how the active real estate market might be impacting your home’s value? Enter your address here for a FREE no obligation INSTANT home value report today!

Birch Bay Home Values

Don’t own a home in Birch Bay and curious about learning more about the area?

Nestled along the sandy beaches and salt water you find Birch Bay. Enjoy all that Birch Bay has to offer from the shallow warm waters to wade in, to the lovely views of the sunsets. Not matter what your adventure you are sure to love Birch Bay!

Teaming with life, especially in the summer months, you will find wonderful restaurants and shops along Birch Bay Drive. Birch Bay is a popular destination for visitors and tourists with cabins and condos available for short term rentals. In season be sure to take advantage of the great crabbing and clam digging opportunities.

There are many new building projects underway in the Birch Bay area, and it is currently the fastest growing community in Whatcom County. There are many small groceries and facilities in Birch Bay, but the schools and government services are located just 5 minutes north in Blaine.

Map Search

Search for real estate in the Birch Bay area today on our website!

Johnson Team Saturday Open Houses!

Alder St Open House

Join Holly Tremaine-Swanson for an open house at 4839 Alder in Ferndale on Saturday June 17th, from 1pm – 3pm!

This house defines Neptune Beach Lifestyle. Living here is just a 1 minute walk to the beach! The home is 3 bedrooms, 2 full baths and in pristine condition. Whether you are looking for a full-time residence or that quaint getaway, certainly this is worth a hard look. The floor plan has that open feel and the deck is private with a view. Spaces for everyone, fenced yard & storage shed. Plus, an oversized 1 car garage. Even though this is Neptune Beach, there is access to Golf & the Boat Launch.

For more information on 4839 Alder Street in Ferndale, visit our website today!

 

Bel West Open House

Join Jim Grandon while he hosts an open house at 5380 Bel West Drive in Bellingham on Saturday June 17th from   1pm – 3pm. 

Gorgeous 4 plus bedroom home with all the spaces you could imagine. Living large at 4,313 sq feet, not including the heated studio above the shop. All the finishes are top of the line and while in the kitchen overlooking the family room and loft you will really feel the quality. The main floor master has access to the hot tub area and is just down the hall from the private office. Couple bedrooms up and a bonus room as well. All on a flat dry 1 acre lot. Low energy bills too since there is Solar Power on the shop.

For more information on 5380 Bel West Dr in Bellingham, visit our website!

Willow Wood Open House Image

Join Peter Ahn on Saturday, June 17th from 10am – 12pm at 3408 Willow Wood Ave in Bellingham for an open house!

Clean 3 bedroom, 1.75 bath home just on the outskirts of Bellingham. The home is move in ready and does have A/C for the coming heat of summer. Vaulted ceilings, open feel and a fenced yard make this place home. If you desire room to tinker- the shop will come in handy. Fits 2 cars plus has work space. Come by and have a peek, at this price there are no disappointments. Flat, level lot with plenty of yard space.

For more information on 3408 Willow Wood Ave, visit our website!

Lynden Open Houses this Saturday, June 17th

Eastwood Open House Image

Join Rich Johnson as he hosts an Open House at 1302 Eastwood Way in Lynden this Saturday from 1pm to 3pm.

This luxurious 4 bedroom, 2.5 bath craftsman style home on a large sunny lot comes with unparalleled quality of construction. The floor plan which flows naturally & logically makes it a hit for either everyday living or elaborate entertaining. You’ll enjoy the open spaces, the gourmet kitchen & large rooms will appeal to all. Outside, the sunny backyard is a great space for the green thumb or for just chilling out. There is even an irrigation system to keep the yard green & the planting lush!!

For more information on 1302 Eastwood Way in Lynden visit our website today!

Dahlia Open House Image

Join Milo Steimle as he hosts an open house at 600 Dahlia St in  Lynden this Saturday, June 17th from 1pm to 3pm.

This sweet 3 bedroom 2.5 bath home off Main Street in beautiful Lynden. Lots of upgrades including fresh carpet. A huge fenced yard for all the fun times and a private back deck make outdoor living a blast. Inside there are both Living and Family Rooms plus a dining room off the large kitchen. Gas heat plus a wood fireplace for the cool fall evenings. Lives much larger than the 2,058 Square feet and the flow could not be better. Move in ready!

For more information on 600 Dahlia Stree in Lynden visit our website today!

If Your Home Hasn’t Sold Yet… Definitely Check the Price!

If Your Home Hasn’t Sold Yet… Definitely Check the Price! | MyKCM

The residential housing market has been hot. Home sales have bounced back solidly and are now at their fourth highest pace over the past year. Demand has remained strong ­throughout spring as many real estate professionals are reporting bidding wars with many homes selling above listing price. What about your house?

If your house hasn’t sold, it could be the price.

If your home is on the market and you are not receiving any offers, look at your price. Pricing your home just 10% above market value dramatically cuts the number of prosp­­ective buyers that will even see your house. See chart below.

If Your Home Hasn’t Sold Yet… Definitely Check the Price! | MyKCM

Bottom Line

The housing market is hot. If you are not seeing the results you want, sit down with your agent and revisit the pricing conversation. Contact us with any real estate questions today! Email us at Info@JohnstonTeamRealEstate.com or call us at (360) 303-2734.

Real Estate Market Update!

Happy Monday!

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 Saturday, June 10th, the pending ratio in Bellingham was 50%. Click the links to view a report of how many homes are for sale in each area and 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 34%

The Ferndale pending ratio was 40%

The Lynden pending ratio was 45%

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

69% of Buyers are Wrong About Down Payment Needs

69% of Buyers are Wrong About Down Payment Needs | MyKCM

According to a recent survey conducted by Genworth Financial Inc. at the Annual Mortgage Bankers’ Association Secondary Market Conference, mortgage professionals say that first-time buyers still believe a 20% down payment is necessary to buy in today’s market.

Nearly 40% of mortgage industry professionals surveyed believe that a lack of knowledge about the home-buying process is keeping potential buyers on the sidelines. Saving for a down payment is often cited as a huge barrier for first-time homebuyers to make the leap into homeownership.

If homeowners believe that they need a 20% down payment to enter the market, they also believe that they will have to wait years (in some markets) to come up with the necessary funds to buy their dream homes.

The greatest source of confusion cited in the survey results centered around down payments. The results are broken down in the chart below:

69% of Buyers are Wrong About Down Payment Needs | MyKCM

Rohit Gupta, CEO of Genworth Mortgage Insurance had this to say,

“While first-time homebuyers continue to drive the purchase market, we believe many are staying on the sidelines due to the misconception that a 20 percent down payment is required to secure a mortgage.

There are various low down payment options available today that allow prospective homebuyers to reach their dreams of homeownership sooner. It is crucial that, as an industry, we proactively educate eligible borrowers about solutions that will enable them to buy a home when they’re ready.”

Bottom Line

Don’t let a lack of understanding of the home-buying process keep you and your family out of the housing market. 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

Just Listed Bellingham Home with Shop!

View the Virtual Tour

Clean 3 bedroom, 1.75 bath home just on the outskirts of Bellingham. The home is move in ready and does have A/C for the coming heat of summer. Vaulted ceilings, open feel and a fenced yard make this place home. If you desire room to tinker- the shop will come in handy. Fits 2 cars plus has workspace. Come by and have a peek, at this price there are no disappointments. Flat level lot with plenty of yard space.
Just listed for $245,000!

For more information visit the virtual tour or call (360) 201-5088 today!

Neptune Beach Living!

View the Tour

Enjoy the Neptune Beach Lifestyle. Living here is just a 1 minute walk to the beach! The home is 3 bedrooms and 2 full baths and in pristine condition. Whether you are looking for a full-time residence or that quaint getaway, certainly this is worth a hard look. The floor plan has that open feel and the deck is private with a view. Spaces for everyone, fenced yard & storage shed. Plus, an oversized 1 car garage. Even though this is Neptune Beach, there is access to Golf & the Boat Launch.

Just listed for $325,000!

For more information visit the virtual tour above or call (360) 201-5088 today!