Bellingham Real Estate Blog

The following is a quick analysis of the Whatcom County real estate market.

• There are currently 1663 homes for sale.
• Homes are priced from $16,000 - $6,995,000
• Average Asking Price $436,770 Days on Market: 130 days
• Median Asking Price $339,900 Days on Market: 87 days
• Homes sold in July: 221
• Average Listing Price $337,331
• Average Sold Price $321,492 Days on Market 97
• Median Listing Price $269,000
• Median Sold Price $259,950 Days on Market: 66
• Homes Pending this week: 62 Total Homes Pending: 454

• Average Sales Price July 2008: $321,231
• Median Sales Price July 2008: $284,945
• Sold in July 2008: 228

The Average Sales price is up by $261 less than .1% compared to July 08 and up 11.2% compared to last month.

The Median Sales prices is down 8.8% compared to July 08 and down 2.8% compared to last month.

The number of sales is down by 7 compared to July 08 and up by 1 compared to last month.

Condo Analysis for Whatcom County

• Currently Active Listings: 503
• Price range of active listings - $24,900 - $1,565,000
• Average List Price $254,898 Days on Market: 146
• Median List Price $199,900 Days on Market: 87
• Sold in July: 39
• Average Listing Price $211,768
• Average Sold Price $202,903 Days on Market: 156
• Median Listing Price $188,950
• Median Sold Price $182,212 Days on Market: 100
• Condos Pending (went under contract) last week: 9 Total Condos Pending: 65

• Average Sales Price July 2008: $200,751
• Median Sales Price July 2008: $200,000
• Sold in July 2008: 46

The Average Sales price is down 9.2% compared to July 08, and down by 16.0% compared to last month.

The Median Sales prices is down by 8.8% compared to July 08 and down by 10.1% compared to last month.

The number of sales is down by 7 compared to July 08 and up by 13 compared to last month.

Meanwhile interest rates are still extremely low and there are some great values in the Whatcom County Real Estate market right now. You might want to take a look at what it would cost you to purchase one of these homes at today's rates. You might be surprised at what your monthly payments would be, maybe less than your paying for rent right now if you are renting a comparable sized house.

There is only a short window of opportunity left for the  First Time Home Buyer's Tax Credit of $8,000 available to anyone who hasn't owned a home in the past 3 years. You might want to talk to your banker to see what you can afford.

If you have any questions or want to see any Bellingham Property feel free to email me at or give me a call at 360-739-6981

A fully restored version of the B-17 Flying Fortress,  will be at the Bellingham International Airport from noon Friday, Aug. 14, to noon Monday, Aug. 17.

 Public tours and flights in the Sentimental Journey, a B-17  will be hosted by the The Heritage Flight Museum, located at the airport,

The Flying Fortress,restored by the Arizona Wing of the Commemorative Air Force is well known for its bombing raids over Germany in World War II,.

Admission is free, a $5 donation to tour the plane is requested. Flights on the B-17 are available Saturday and Sunday for $425 per person,

Sentimental Journey stops in an average of 60 cities per year and is one of roughly 50 remaining B-17s in existence. It was built in November 1944.

The museum will be open to the public from noon to 5 p.m. Friday, 9 a.m. to 4 p.m. Saturday and Sunday and 9 a.m. to noon Monday.

All of the museum's collection of World War II, Korean War and Vietnam War era aircraft, as well as other memorabilia will also be on display.

Image by by Paul L. Nettles via flickr.com

There are currently 161 homes for sale.

• Homes are priced from $159,900 - $1,995,000
• Average Asking Price; $395,691 Days on Market are 126 days
• Median Asking Price:  $350,000 Days on Market are 77 days
• Homes sold in July: 14
• Average Listing Price $287,611
• Average Sold Price $277,111 Days on the Market 83
• Median Listing Price $283,700
• Median Sold Price $264,325 Days on Market 55
• Homes Pending last week: 6 Total Homes Pending: 30

• Average Sales Price July 2008: $330,234      151 Dom
• Median Sales Price July 2008: $290,000        103 Dom
• Sold in July 2008: 22

The Average Sales price is down 16.1% compared to July 08 and up 3.9% compared to June 09.

The Median Sales prices is down 8.9% compared to July 08 and down .6% compared to June 09.

The number of sales is down by 8 compared to July 08 and is down by 1  compared to last month June 09.

Condo Analysis for Lynden

• There are currently 41 condos for sale.
• Condos are priced from $139,900 - $419,000
• Average List Price $240,283 Days on the Market: 177
• Median List Price   $229,950 Days on the Market: 110
• Condos Sold in June: 6
• Average List Price: $224,635
• Average Sales Price: $217,993 Days on the Market: 133
• Median List Price: $224,675
• Median Sales Price: $216,500 Days on the Market: 77
• Pending Sales Last Week: 4 Total Condos Pending: 6

• Average Sales Price July 2008: $211,933     Dom 161
  
• Median Sales Price July 2008: $216,100    Dom 144
  
• Sold in July 2008: 6

The Average Sales price is up 8.5% compared to July 08 and down 24.8% compared to June 09.

The Median Sales prices is up 0.1% compared to July 08 and up 25.3% compared to June 09.

The number of sales is equal to July 08 and is down by 1 compared to last month June 09.

The following is a quick analysis of the Residential Bellingham real estate market.

• Currently Active Listings: 569
• Price range of active listings - $115,000 - $4,500,000
• Average List Price $524,864 Days on the Market: 113
• Median List Price: $399,000 Days on the Market: 72
• Sold in July: 99
• Average List Price: $408,009
• Average Sales Price: $387,537
• Ratio of List to Price: 95.0% Days on the Market: 102
• Median List Price: $314,000
• Median Sales Price: $308,000 Days on the Market: 73
• Ratio of List to Price: 98.1%
• Pending Sales Last Week: 37 Total pending sales: 169

• Average Sales Price July 2008: $353,063
• Median Sales Price July 2008: $310,000
• Number Sold in July 2008: 99

The Average Sales price is up 9.7% compared to July 08 and up 17.1% compared to last month June 09.

The Median Sales prices is down 0.6% compared July 08 and up by 1.9% compared to June 09.

The number of sales is equal to July 08 and down by 1 compared to last month June 09.

Condo Analysis for Bellingham

• Currently Active Listings: 245
• Price range of active listings - $109,950 - $1,565,000
• Average List Price $261,142 Days on the Market: 138
• Median List Price $197,900 Days on the Market: 87
• Sold in July: 24
  
• Average List Price: $212,306
• Average Sales Price: $204,432 Days on the Market: 168
• Ratio of List to Price: 96.3%
• Median List Price: $185,494
• Median Sales Price: $178,000 Days on the Market: 113
• Ratio of List to Price: 96.0%
• Pending Sales Last Week: 11 Total pending sales: 42

• Average Sales Price July, 2008: $197,127
• Median Sales Price July, 2008: $196,500
• Sold in July, 2008: 27

Average Condo sale price is down 9.4% from July 2008 and down 28.4% from last month - June 2009

Median Sales Price is down 9.4% from July 2008 and down 25.2% from last month - June 2009

The number of condo sales is down by 3 compared to July 2008 and up by 7 compared to last month - June 2009.

Interesting stats this month. If you look at the graph you can see that prices are on the rise in the residential market but declining in the condo market.  Where will the graph go next month is anybody's guess. Will the roller coaster ride of prices continue?........Tune in next month

Meanwhile interest rates are still extremely low and there are some great values in the Bellingham market right now. You might want to take a look at what it would cost you to purchase one of these homes at today's rates. You might be surprised at what your monthly payments would be, maybe less than your paying for rent right now if you are renting a comparable sized house.

There is only a short window of opportunity left for the  First Time Home Buyer's Tax Credit of $8,000 available to anyone who hasn't owned a home in the past 3 years. You might want to talk to your banker to see what you can afford.

If you have any questions or want to see any Bellingham Property feel free to email me at or give me a call at 360-739-6981

The following is a quick analysis of the Residential Bellingham real estate market in Sudden Valley.

There are currently 114 homes for sale. Homes are priced from $99,900 - $995,000

• Average Asking Price is $337,056   Average Days on Market are 117 days
• Median Asking Price is $288,000    Median Days on Market are 75 days
• Sold in July: 16
• Average Listing Price $252,806
• Average Sold Price $248,994         Average Days on Market 98
• Median Listing Price $242,450
• Median Sold Price $235,000          Median Days on Market 93
• Pending Sales Last Week: 6       Total pending sales: 34

The following is a quick analysis of the Ferndale real estate market.

• There are currently 237 homes for sale.
• Homes are priced from $74,900 - $1,950,000
• Average Asking Price is $405,021 Days on Market are 110 days
• Median Asking Price is $355,000 Days on Market are 88 days
• Homes sold in July: 28
• Average Listing Price $347,430
• Average Sold Price $322,816 Days on the Market 99
• Median Listing Price $274,975
• Median Sold Price $253,475 Days on Market 68
• Homes Pending this week: 13 Total Homes Pending: 65

• Average Sales Price July 2008: $293,737
• Median Sales Price July 2008: $276,000
• Sold in July 2008: 31

The Average Sales price is up 9.9% compared to July 08 and down 0.8% compared to last month June 09.

The Median Sales prices is down 8.2% compared to July 08 and up 5.9% compared to last month June09.

The number of sales is down up by 3 compared to July 08 and is up by 11  compared to last month June 09.

If you would like some info about Ferndale real estate or living in Ferndale visit my website at BellinghamProperty.com or give me a call.