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Michael Eisenberg, Bellingham Realtor

Whatcom County Real Estate Market Report for May, 2009

Whatcom County Real Estate Chart

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

  • There are currently 1586 homes for sale.
  • Homes are priced from $16,000 - $6,995,000
  • Average Asking Price $429,715 Days on Market: 126 days
  • Median Asking Price $339,000 Days on Market: 77 days
  • Homes sold in May: 152
  • Average Listing Price $290,766
  • Average Sold Price $281,527 Days on Market 92
  • Median Listing Price $267,000
  • Median Sold Price $260,320 Days on Market: 47
  • Homes Pending this week: 66 Total Homes Pending: 434

  • Average Sales Price May 2008: $300,903
  • Median Sales Price May 2008: $263150
  • Sold in May 2008: 180

The Average Sales price is down 6.4% compared to May 08 and down 3.6% compared to last month.

The Median Sales prices is down 1.1% compared to May 08 and up 2.3% compared to last month.


The number of sales is down by 28 or 15.6% compared to May 08 and up by 11 or 7.8% compared to last month.

Condo Analysis for Whatcom County

Whatcom County Real Estate Chart

  • Currently Active Listings: 503
  • Price range of active listings - $24,900 - $1,565,000
  • Average List Price $261,734 Days on Market: 192
  • Median List Price $199,900 Days on Market: 120
  • Sold in May: 18
  • Average Listing Price $204,819
  • Average Sold Price $194,661 Days on Market: 185
  • Median Listing Price $204,750
  • Median Sold Price $199,975 Days on Market: 163
  • Condos Pending (went under contract) last week: 14 Total Condos Pending: 53
  • Average Sales Price May 2008: $206,989
  • Median Sales Price May 2008: $196,975
  • Sold in May 2008: 52

The Average Sales price is down by 6.0% compared to May 08, and down 17.8% over last month.

The Median Sales prices is up by 1.6% compared to May 08 and down by 11.3% over last month.

The number of sales is down by 34 or 65% compared to May 08 and down by 6 or 25% compared to last month.

Buyers: Interest rates are still low making now is a good time to get in the market. There are still plenty of homes to choose from and lots have been on the market a long time so there are some motivated sellers out there who need to sell their homes.

Sellers: There is still a lot of competition right now and if you don't want your home to sit on the market without an offer here are a few bits of advise:

  • The most important thing you can do is price your home right, have your real estate agent do a CMA and price your home aggressively, that is in the lower range of similar homes if you want a quick sale
  • Have a pre-inspection done to your home and fix any problems
  • Give your home curb appeal
  • Offer a Home Warranty if it is an older home
  • Get rid of clutter, start clearing out your things, even if you have to put them in storage.
  • Think about staging your home, get advise from a staging professional or at least your agent.

If you would like some info about Whatcom County real estate or living in Whatcom County send me an email or give me a call.

Ferndale Real Estate Market Report for May 2009

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

Ferndale Real Estate Stats

  • There are currently 219 homes for sale.
  • Homes are priced from $79,900 - $1,950,000
  • Average Asking Price is $404,367 Days on Market are 115 days
  • Median Asking Price is $339,500 Days on Market are 73 days
  • Homes sold in May: 19
  • Average Listing Price $311,729
  • Average Sold Price $295,480 Days on the Market 139
  • Median Listing Price $289,900
  • Median Sold Price $289,900 Days on Market 85
  • Homes Pending this week: 6 Total Homes Pending: 59

  • Average Sales Price May 2008: $329,944
  • Median Sales Price May 2008: $290,285
  • Sold in May 2008: 20
  • The Average Sales price is down 10.4% compared to May 08 and up 10.3% compared to April 09.

    The Median Sales prices is down 0.7% compared to May 08 and up 9.0% compared to April 09.

    The number of sales is down by 9 or 39% to May 08 and is up by 3 or 27.3% compared to last month April 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.

    Blaine - Birch Bay Real Estate Market Report for May 2009

    Blaine Real Estate Chart

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

    • There are currently 283 homes for sale.
    • Homes are priced from $88,000- $6,995,000
    • Average Asking Price $508,735 Days on Market: 135 days
    • Median Asking Price $375,000 Days on Market: 79 days
    • Homes sold in May: 14
    • Average Listing Price $199,927
    • Average Sold Price $196,000 Days on Market 112
    • Median Listing Price $184,900
    • Median Sold Price $179,000 Days on Market: 15
    • Homes Pending this week: 8 Total Homes Pending: 44

    • Average Sales Price May 2008: $245,945
    • Median Sales Price May 2008: $226,130
    • Sold in May 2008: 23

    The Average Sales price is down 20.3% compared to May 08 and up 6.1% compared to April 09.

    The Median Sales prices is down 20.8% compared to May 08 and down 10.1% compared to April 09.

    The number of sales is down by 9 or 39% to May 08 and is up by 3 or 27.3% compared to last month April 09.

    Condo Analysis for Blaine/Birch Bay

    • Currently Active Listings: 102
    • Price range of active listings - $24,900 - $1,249,000
    • Average List Price $348,722 Days on Market: 182
    • Median List Price $300,000 Days on Market: 154
    • Sold in April : 2
    • Average Listing Price $234,450
    • Average Sold Price $219,138 Days on Market: 230
    • Median Listing Price $234,450
    • Median Sold Price $219,138 Days on Market: 230
    • Condos Pending this week: 0 Total Condos Pending: 4
  • Average Sales Price May 2008: $125,000
  • Median Sales Price May 2008: $107,000
  • Sold in May 2008: 5
  • It is pretty amazing looking at these numbers, the number of Blaine condo sales are pretty small, skewing the numbers as they have been the past few months.

    Bellingham Real Estate Market Report for May, 2009

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

    Bellingham Real Estate - Resisential Graph

    • Currently Active Listings: 525
    • Price range of active listings - $124,900 - $3,450,000
    • Average List Price $536,937 Days on the Market: 116
    • Median List Price: $409,000 Days on the Market: 73
    • Sold in May: 82
    • Average List Price: $321,191
    • Average Sales Price: $313,104
    • Ratio of List to Price: 97.5% Days on the Market: 81
    • Median List Price: $288,000
    • Median Sales Price: $275,500 Days on the Market: 42
    • Ratio of List to Price: 95.7%
    • Pending Sales Last Week: 40 Total pending sales: 186
    • Average Sales Price May 2008: $345,248
    • Median Sales Price May 2008: $304,000
    • Number Sold in May, 2008: 82

    The Average Sales price is down 9.3% compared to May 08 and down 6.9% compared to last month April 09.

    The Median Sales prices is the same as May 08 and up by 11 compared to April 09.

    The number of sales is up down by 8 or 10% compared to May 08 and up by 16 or 29% compared to last month April 09.

    Bellingham Real Estate Graph

    Condo Analysis for Bellingham

    Bellingham Real Estate Condo Graph

    • Currently Active Listings: 303
    • Price range of active listings - $99,000 - $1,565,000
    • Average List Price $248,205 Days on the Market: 199
    • Median List Price $199,500 Days on the Market: 114
    • Sold in May: 12
    • Average List Price: $197,329
    • Average Sales Price: $189,185
    • Ratio of List to Price: 95.9% Days on the Market: 197
    • Median List Price: $188,400
    • Median Sales Price: $179,000
    • Ratio of List to Price: 95.0% Days on the Market: 164
    • Pending Sales Last Week: 7 Total pending sales: 34
    • Average Sales Price May, 2008: $207,058
    • Median Sales Price May, 2008: $198,975
    • Sold in May, 2008: 34

    Average Condo sale price is down 8.6% from May 2008 and down 35.5% from last month - April 2009

    Median Sales Price is down 10,1% from May 2008 and up 18.1% from last month - April 2009

    The number of condo sales is down by 22 compared to May 2008 and down by 18 compared to last month - April 2009.

    Prices are coming down in Bellingham, and there are some great values in the Bellingham market right now, and interest rates are still extremely low. 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 also a newly passed 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

    Sudden Valley Real Estate Market Report for May, 2009

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

    Sudden Valley Real Estate Market Graph

    There are currently 117 homes for sale. Homes are priced from $110,000 - $995,000

    • Average Asking Price is $336,076 Average Days on Market are 114 days
    • Median Asking Price is $299,000 Median Days on Market are 61 days
    • 5 Homes sold in May
    • Average Listing Price $277,540
    • Average Sold Price $271,091 Average Days on Market 48
    • Median Listing Price $247,900
    • Median Sold Price $230,500 Median Days on Market 43
    • Pending Sales Last Week: 4 Total pending sales: 38

    Condo Analysis for Sudden Valley

    There are currently 8 condos for sale. Condos are priced from $89,500 - $299,900

    • Average List Price $209,013 Average Days on the Market: 146
    • Median List Price $209,950 Median Days on the Market: 96
    • Sold in May: 0
    • Pending Sales Last Week: 1 Total pending sales: 3

    There are some great values in the Sudden Valley market right now, and interest rates are still extremely low.

    Don't forget about 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, ask your lender about using that tax credit for part of you downpayment or closing costs.

    You might want to talk to your banker to see what you can afford. 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.

    If you have any questions or want to see any Sudden Valley homes or condos feel free to email me or give me a call at 360-739-6981.