Your Monday Bellingham Real Estate Update!

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Did you know that as of Saturday, February 25th 48% of the homes listed for sale in Bellingham already had pending offers on them?

The number of real estate signs you see in yards can be deceiving as to the number of home 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, February 18th, the pending ratio in Bellingham was 51%. 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.

Birch Bay has a pending ratio of 27%

The Ferndale pending ratio was 35%

The Lynden pending ratio was 42%

The Sudden Valley pending ratio was 43%

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

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