Birch Bay Home Prices - 2011 Year End Real Estate Statistics

Below are the 2011 year end statistics for homes in the Blaine/Birch Bay MLS zone. The first section covers all Birch Bay & Blaine area homes that were actively listed for sale. The second section covers all Birch Bay & Blaine area homes that actually sold.

Area 880 – Blaine/Birch Bay Active Listings

Month of Dec New Listings – 14 units in ’11 vs 22 units in ’10 – Down 36.4%

YTD New Listings – 442 units in ’11 vs 552 units in ’10 – Down 19.9%

Month of Dec Total Active Listings – 164 units in ’11 vs 199 units in ’10 – Down 17.6%

Month of Dec Ave List Price - $462,977 in ’11 vs $377,877 in ’10 – Up 22.5%

The YTD Average List Price - $444,936 in ’11 vs $417,490 in ’10 – Up 6.6%

Month of Dec Median List Price - $278,950 in ’11 vs $252,000 in ’10 – Up 10.7%

The YTD Median List Price - $288,950 in ’11 vs $297,500 in ’10 – Down 2.9%

Average Days on Market - 163 days in ’11 vs 154 days in ’10. – Up 5.8%

As you can see while asking prices for homes in Birch Bay are down for 2011, the inventory of homes for sale in Birch Bay is down by nearly 20% for the year.

Area 880 – Blaine/Birch Bay Sold Homes

Month of Dec # of homes sold – 20 units in ’11 vs 19 units in ’10 – Up 5.3%

YTD Number of Homes Sold – 240 units in ’11 vs 255 units in ’10 – Down 5.9%

Month of Dec Ave Sold Price - $235,818 in ’11 vs $293,316 in ’10– Down 19.6%

YTD Average Sold Price - $241,746 in ’11 vs $264,928 in ’10 – Down 8.8%

Month of Dec Med. Sold Price - $203,825 in ’11 vs $215,000 in ’10 - Down 5.2%

YTD Med. Sold Price - $204,500 in ’11 vs $217,445 in ’10 – Down 6.0%

Market time with from 151 days in ’11 vs 126 days in ’10 – Up 19.8%

Like much of Whatcom County. Sold prices on homes in Birch Bay were down for the year. But unlike most of the rest of Whatcom County which was either maintianed the number of homes selling, units sold, the number of homes sold in Birch Bay was also down.