Birch Bay & Blaine Real Estate Price Graphs

This first graph shows the Average List price and and Average Sold Price for single family homes in the Blaine & Birch Bay area quarterly from 2005 through the end of the 2nd quarter 2011. It's easy to see the downward trend in selling prices from the 2nd quarter of 2006 until the 2nd quarter of 2009. Since then while the prices still vary significantly from quarter to quarter (some of that is normal seasonal trending) prices seem to be bouncing around in the same range. Thus, selling prices in the Blaine/Birch Bay area appear to have stabilized. Asking prices dropped at a fairly steep rate from the 2nd quarter of 2009 until the 4th quarter of 2010 but look to be recovering since that time.

This second graph shows the number of new units coming on the market quarterly, the total number of Active Listings quarterly and the number of units (homes) sold quarterly. The seasonal activity is easy to see in this graph. Summer months more activity. Winter months less activity. What's interesting here is that the word on the street is that the market is flooded with inventory which you can see is not true. Both the number of new listings and the number of active listing has been trending downward since it's peak at the 2nd & 3rd quarters of 2007.

This last graph is a Year over Year graph of the total active listings. This graph really makes it clear that inventory is actually down not up.