Whatcom County Real Estate Update

If you are interested in listing or buying homes for sale in Whatcom County, educating yourself on the current market conditions provides valuable insight that both buyers and sellers can maximize for their benefit. While each town, and neighborhood, within Whatcom County has their own set of market stats, knowing the general numbers can be a great indication of what is happening over all. As a buyer, you want to ensure that you are not over paying for homes for sale in Whatcom County while still creating a competitive offer that sellers consider enticing. Sellers can use the information to make sure they price their homes for sale in Whatcom County according to the current market values. If homes for sale in Whatcom County are overpriced, they can sit and lose crucial time on the market. Knowing the current market conditions is why the use of a Whatcom County realtor is so necessary. We have a tool that comes straight from the NWMLS that provides accurate market stats. Mixed with years of experience, these aspects can create a transaction for you that is not only successful but flows seamlessly. Let’s take a look at the current Whatcom County real estate market!

Both the median and average home prices for Whatcom County real estate went up compared to last month as well as this time last year. The average increased by 8.1% compared to this time last year and is up $345,486. The median increased by 10.7% compared to this time last year at $320,000. Both the median and average days on the market went down. The median and average days on market stayed the same from last month at 17 (median) and 57 (average) but are down compared to last year at this time. The median percentage of list price is still at 99.6%, which it has been for a few months now. This number is used as a tool to determine negotiation and means that most homes are getting very close to asking or not over in some scenarios.

As far as inventory goes, everything is up except for the overall homes for sale in Whatcom County. New listings are up 5.6%, pending Whatcom County real estate is up 3.3% and closed Whatcom County homes for sale are up 0.5%. The price per square foot is up 11.1% at $210. We are right on the cusp of a buyers and sellers’ market with a month supply of 4.1. Anything less than 4 is considered a seller’s market while a balanced marked needs a 6 month supply. Whatcom County realtors hope that folks thinking of selling their real estate in Whatcom County will do so soon so that we can satisfy buyer needs. If you are looking for stats specific to certain towns or neighborhoods within Whatcom County, give me a call at 360-410-0848. My team and I would love to help!


Posted on May 21, 2018 at 7:38 pm
Karen Timmer | Posted in Uncategorized |

Bellingham, WA Real Estate Update

Listing or buying homes for sale in Bellingham, WA? The best way to get started is by first choosing a qualified Bellingham, WA realtor. The second step is to find out what is happening in the Bellingham, WA real estate market. Statistics like days on market, sold prices and month supply are a great way to gauge how to proceed as both a buyer and a seller. As a seller, you get an idea of what is the best list price and how long you can expect to be active before receiving an offer. As a buyer, you will have the details necessary to come up with an attractive offer that seller’s hope to get. When it comes to listing or purchasing homes for sale in Bellingham, WA, the more you know, the better chance you stand to achieve your goals. Regardless of whether you are listing or purchasing homes for sale in Bellingham, WA, working with a qualified Bellingham, WA Realtor is key because we help you navigate the Bellingham, WA real estate market AND we act as your advocate and guide you through the entire transaction and beyond. So how is Bellingham, WA real estate doing? Let’s take a look!

The good news for sellers is that prices for homes for sale in Bellingham, WA have continued to go up compared to this time last year. However, the average sold price for Bellingham, WA real estate has stayed roughly the same from last month at $397,050. Meanwhile, the median is up 13.4% compared to this time last year AND last month at $359,000. The median percentage of list price is still sitting at 100% as it has been for the past few months. This stat determines negotiation power. Be prepared to come up with a competitive offer with the help and guidance of your Bellingham, WA realtor.

As far as inventory goes, new listings are up by 7.3% while Bellingham, WA homes for sale are down 3.8%, pending sales are down 0.7% and closed sales are down 4.3%. These numbers are pretty similar to last month as well. We can chalk this up to real estate in Bellingham being in a seller’s market thanks to a 3.2 month supply. This is unchanged from last year at this time, but up slightly from last month. Us Bellingham, WA Realtors look for a 6 month supply in order to consider our market balanced. Anything less than 4 is a seller’s market, which we are clearly in. The median days on market is still 11 days while the average is 41. If you are interested in a specific neighborhood or area, let me know. As a Bellingham, WA realtor, I have access to stats from the NWMLS that can tell me what exactly is happening throughout every single area in Washington State. Looking to buy or sell Bellingham, WA homes for sale? I would be happy to help!


Posted on May 8, 2018 at 7:10 pm
Karen Timmer | Posted in Uncategorized |

Lynden, WA Real Estate Update

If you are thinking about buying or listing Lynden, WA homes for sale, you came to the right spot! Knowing the current market conditions are so necessary for your success. Both buyers and sellers can benefit by knowing details like average days on market, month supply and sold prices. As a seller, you can use these numbers to figure out what is a good list price based on what is being spent on comparable real estate in Lynden, WA. Buyers can use these details to come up with a competitive offer. Of course, the most important thing you can do is to choose a Lynden, WA realtor that is experienced and qualified. Not only can we provide this information for you, but we guide you through the entire process and help you navigate any unexpected scenarios that could otherwise cause a deal to fall apart. Utilizing a qualified Lynden, WA realtor is recommended for a successful transaction. So how is real estate in Lynden, WA doing? Let’s take a look!

The good news for seller’s is that the sold price for Lynden, WA homes for sale are up for both the median and the average from both this time last year AND last month. The average sold price for homes for sale in Lynden, WA is up 17.2% at $380,525. The median is up 13.8% at $344,000 compared to this time last year. The average price per square foot is also up 8.5% at $192, which is also up slightly from last month. The median percentage of list price (which basically determines both parties’ negotiation power) is up 0.5% at 99.4%. As this moves closer and closer to 100%, this means more Lynden, WA homes for sale are getting asking price, if not over. Of course, every property is unique, and this is usually a common scenario when it comes to “hot buys”. Hot buys are known as real estate in Lynden, WA that is listed at a very competitive price (about 5% less than market value).

As far as the inventory goes, new listings are down 4.7% and homes for sale in Lynden, WA are down 16%, which means things are still tight. The good news is that pending sales are up 3.7% and closed sales are up 8.8%. The median days on market are down to 20 days. The average days on market is 49. The month supply is still very much in a seller’s market at 2.8, which has been the magic number for the past couple months. In order for a market to be considered balanced, it needs a 6 month supply. Whether or not Lynden, WA real estate will catch up with that need over the summer remains to be seen. If you are looking to list or buy homes for sale in Lynden, WA, working with a qualified Lynden, WA realtor is the best bet for a positive experience. Looking for a Lynden, WA realtor? I would be happy to help!


Posted on May 2, 2018 at 6:33 pm
Karen Timmer | Posted in Uncategorized |

Whatcom County Real Estate Update

If you are interested in listing or buying homes for sale in Whatcom County, educating yourself on the current market conditions provides valuable insight that both buyers and sellers can maximize for their benefit. While each town, and neighborhood, within Whatcom County has their own set of market stats, knowing the general numbers can be a great indication of what is happening over all. As a buyer, you want to ensure that you are not over paying for homes for sale in Whatcom County while still creating a competitive offer that sellers consider enticing. Sellers can use the information to make sure they price their homes for sale in Whatcom County according to the current market values. If homes for sale in Whatcom County are overpriced, they can sit and lose crucial time on the market. Knowing the current market conditions is why the use of a Whatcom County realtor is so necessary. We have a tool that comes straight from the NWMLS that provides accurate market stats. Mixed with years of experience, these aspects can create a transaction for you that is not only successful but flows seamlessly. Let’s take a look at the current Whatcom County real estate market!

Both the median and average home prices for Whatcom County real estate went up compared to last month as well as this time last year. The median increased by 9.8% compared to this time last year at $315,000.  The average increased by 8.4% compared to this time last year and is up $342,988. While these numbers are up from this time last year, the median is unchanged from last month while the average is down compared to last month. Both the median and average days on the market went down. The median decreased by 39.3% which puts homes from active to pending in 17 days. Meanwhile, the average is down 18.8% at 56. The median percentage of list price is still at 99.6%. This is used as a negotiation tool and basically means that most homes are getting very close to asking. The amount of homes for sale in Whatcom County is down by 10.1%. Pending Whatcom County real estate is up 1.7%. Closed homes are down 0.1% while new listings are actually up by 6.1%. The price per square foot is up 11.1% at $210. We are right on the cusp of a buyers and sellers’ market with a month supply of 4.2. Anything less than 4 is considered a seller’s market while a balanced marked needs a 6 month supply. Whatcom County realtors hope that folks thinking of selling their real estate in Whatcom County will do so soon so that we can satisfy buyer needs. If you are looking for stats specific to certain towns or neighborhoods within Whatcom County, give me a call at 360-410-0848. My team and I would love to help!


Posted on April 18, 2018 at 8:17 pm
Karen Timmer | Posted in Uncategorized |

Bellingham, WA Real Estate Update

If you are thinking of listing or buying homes for sale in Bellingham, WA, knowing what is happening in the market can offer valuable insight that you can utilize to your benefit. Details like average and median sold price along with days on market, and percentage of list price can help guide you on crafting a competitive offer as well as which one to accept. Regardless of whether you are listing or purchasing homes for sale in Bellingham, WA, working with a qualified Bellingham, WA Realtor is key. We not only help you navigate the Bellingham, WA real estate market, but we act as your advocate and guide you through the entire transaction and beyond. So how is Bellingham, WA real estate doing? Let’s take a look!

The good news for sellers is that prices for homes for sale in Bellingham, WA have continued to go up, not just from last year at this time, but also just last month. The average sold price for Bellingham, WA real estate is up 8.6% from this time last year at $397,664. This is actually down compared to last month. Meanwhile, the median is up 12.4% compared to this time last year at $355,000, which is not only up from last year but last month. The median percentage of list price is still sitting at 100% as it has been for the past few months. This stat determines a buyer’s negotiation power when it comes to their offer price. In this particular area, most homes for sale in Bellingham, WA are getting asking. So be prepared to come up with a competitive offer with the help and guidance of your Bellingham, WA realtor. New listings are up by 4.9% while Bellingham, WA homes for sale are down 6%, pending sales are down 1.3% and closed sales are down 3.8%. These numbers are pretty similar to last month as well. We can chalk this up to real estate in Bellingham being in a seller’s market thanks to a 3 month supply. Us Bellingham, WA Realtors look for a 6 month supply in order to consider our market balanced. Anything less than 4 is a seller’s market, which we are clearly in. The median days on market is also just 11 days while the average is 41. As a seller, this means you can expect (in most cases) a quick offer. A buyer should also expect to move quickly and not “sleep on it”. If you are interested in a specific neighborhood or area, let me know. As a Bellingham, WA realtor, I have access to stats from the NWMLS that can tell me what exactly is happening throughout every single area in Washington State. Looking to buy or sell Bellingham, WA homes for sale? I would be happy to help!


Posted on April 18, 2018 at 7:54 pm
Karen Timmer | Posted in Uncategorized |

Lynden, WA Real Estate Update

Whether you are thinking of buying or listing Lynden, WA homes for sale, knowing the current market conditions can go a long way towards your success. Both sides of the transaction can use details like average days on market, month supply and sold prices to their advantage. Buyers can use these details to come up with a competitive offer. As a seller, you can use these numbers to figure out what is a good list price based on what is being spent on comparable real estate in Lynden, WA.  Of course, the most important thing you can do is to choose a Lynden, WA realtor that is experienced and qualified. Especially in a competitive seller’s market like the current one we are in. Not only are we able to guide you through the entire process from start to finish but we can help you navigate any unexpected scenarios that could otherwise cause a deal to fall apart. Utilizing a qualified Lynden, WA realtor is recommended for a successful transaction. So how is real estate in Lynden, WA doing? Let’s take a look!

The good news for seller’s is that the sold price for Lynden, WA homes for sale are up for both the median and the average from both this time last year AND last month. The average sold price for homes for sale in Lynden, WA is up 17.6% at $375,619. This is actually down slightly compared to last month while the median is up 13.7% at $340,000 compared to last year and last month. The average price per square foot is also up 9.8% at $190. The median percentage of list price (which basically determines a buyer’s negotiation power) is up 0.6% at 99.5%. As this moves closer and closer to 100%, this means more Lynden, WA homes for sale are getting asking price, if not over. This of course depends on the property and is usually seen when it comes to “hot buys”, which is real estate in Lynden, WA that is listed at a very competitive price (about 5% less than market value). With new listings up 2.7% (hey, we will take it!) and homes for sale in Lynden, WA being down 16.7%, the inventory is still tight. The good news is that pending sales are up 7.3% and closed sales are up 3.6%. The median days on market are down to 18 days. The average days on market is 48. The month supply is still very much in a seller’s market at 2.8. This is down 28.2% compared to this time last year. In order for a market to be considered balanced, it needs a 6 month supply. Whether or not Lynden, WA real estate will catch up with that need over the course of the next few months remains to be seen. If you are looking to list or buy homes for sale in Lynden, WA, working with a qualified Lynden, WA realtor is the best bet for a positive experience. Looking for a Lynden, WA realtor? I would be happy to help!


Posted on April 18, 2018 at 7:36 pm
Karen Timmer | Posted in Uncategorized |

Whatcom County Real Estate Update

If you are interested in listing or buying homes for sale in Whatcom County, educating yourself on the current market conditions provides valuable insight that both buyers and sellers can maximize for their benefit. While each town, and neighborhood, within Whatcom County has their own set of market stats, knowing the general numbers can be a great indication of what is happening over all. As a buyer, you want to ensure that you are not over paying for homes for sale in Whatcom County while still creating a competitive offer that sellers consider enticing. Sellers can use the information to make sure they price their homes for sale in Whatcom County according to the current market values. If homes for sale in Whatcom County are overpriced, they can sit and lose crucial time on the market. Knowing the current market conditions is why the use of a Whatcom County realtor is so necessary. We have a tool that comes straight from the NWMLS that provides accurate market stats. Mixed with years of experience, these aspects can create a transaction for you that is not only successful but flows seamlessly. Let’s take a look at the current Whatcom County real estate market!

Both the median and average home prices for Whatcom County real estate went up compared to last month as well as this time last year. The median increased by 11.7% compared to this time last year at $315,000.  The average increased by 11.3% compared to this time last year and is up $345,067. While these numbers are up from this time last year, they are about the same as last month. Both the median and average days on the market went down. The median decreased by 35.3% which puts homes from active to pending in 18 days. Meanwhile, the average is down 17.4% at 57. The median percentage of list price is still at 99.5%. This is used as a negotiation tool and basically means that most homes are getting very close to asking. The amount of homes for sale in Whatcom County is down by 12%. Pending Whatcom County real estate is up 2.3%. Closed homes are down 0.2% while new listings are actually up by 4.6%. The price per square foot is up 11.8% at $209. We are right on the cusp of a buyers and sellers’ market with a month supply of 4.1, which we have been holding steady at for the last few months now. Anything less than 4 is considered a seller’s market while a balanced marked needs a 6 month supply. Whatcom County realtors hope that folks thinking of selling their real estate in Whatcom County will do so soon so that we can satisfy buyer needs. If you are looking for stats specific to certain towns or neighborhoods within Whatcom County, give me a call at 360-410-0848. My team and I would love to help!


Posted on March 3, 2018 at 5:19 pm
Karen Timmer | Posted in Uncategorized |

Bellingham, WA Real Estate Update

If you are thinking of listing or buying homes for sale in Bellingham, WA, knowing what is happening in the market can offer valuable insight that you can utilize to your benefit. Details like average and median sold price along with days on market, and percentage of list price can help guide you on crafting a competitive offer as well as which one to accept. Regardless of whether you are listing or purchasing homes for sale in Bellingham, WA, working with a qualified Bellingham, WA Realtor is key. We not only help you navigate the Bellingham, WA real estate market, but we act as your advocate and guide you through the entire transaction and beyond. So how is Bellingham, WA real estate doing? Let’s take a look!

The good news for sellers is that prices for homes for sale in Bellingham, WA have continued to go up, not just from last year at this time, but also just last month. The average sold price for Bellingham, WA real estate is up 11.9% from this time last year at $400,826. Meanwhile, the median is up 12.9% compared to this time last year at $352,900. These two numbers may be up compared to this time last year, but they actually have not changed much from last month. The median percentage of list price is still sitting at 100% as it has been for the past few months. This stat determines a buyer’s negotiation power when it comes to their offer price. In this particular area, most homes for sale in Bellingham, WA are getting asking. So be prepared to come up with a competitive offer with the help and guidance of your Bellingham, WA realtor. New listings are up by 4.8% while Bellingham, WA homes for sale are down 7.6%, pending sales are up 1.6% and closed sales are down 3.9%. These numbers are pretty similar to last month as well. We can chalk this up to real estate in Bellingham being in a seller’s market thanks to a 3.2 month supply. Us Bellingham, WA Realtors look for a 6 month supply in order to consider our market balanced. Anything less than 4 is a seller’s market, which we are clearly in. The median days on market is also just 11 days while the average is 44. As a seller, this means you can expect (in most cases) a quick offer. A buyer should also expect to move quickly and not “sleep on it”. If you are interested in a specific neighborhood or area, let me know. As a Bellingham, WA realtor, I have access to stats from the NWMLS that can tell me what exactly is happening throughout every single area in Washington State. Looking to buy or sell Bellingham, WA homes for sale? I would be happy to help!


Posted on March 3, 2018 at 5:10 pm
Karen Timmer | Posted in Uncategorized |

Lynden, WA Real Estate Update

Whether you are thinking of buying or listing Lynden, WA homes for sale, knowing the current market conditions can go a long way towards your success. Both sides of the transaction can use details like average days on market, month supply and sold prices to their advantage. Buyers can use these details to come up with a competitive offer. As a seller, you can use these numbers to figure out what is a good list price based on what is being spent on comparable real estate in Lynden, WA.  Of course, the most important thing you can do is to choose a Lynden, WA realtor that is experienced and qualified. Especially in a competitive seller’s market like the current one we are in. Not only are we able to guide you through the entire process from start to finish but we can help you navigate any unexpected scenarios that could otherwise cause a deal to fall apart. Utilizing a qualified Lynden, WA realtor is recommended for a successful transaction. So how is real estate in Lynden, WA doing? Let’s take a look!

The good news for seller’s is that the sold price for Lynden, WA homes for sale are up for both the median and the average from both this time last year AND last month. The average sold price for homes for sale in Lynden, WA is up 21.2% at $376,708. The median is up 17.3% at $339,200. The average price per square foot is also up 12.9% at $192. These two stats combined mean that in most scenarios, homes for sale in Lynden, WA have more value compared to this time last year. The median percentage of list price (which basically determines a buyer’s negotiation power) is up 0.7% at 99.4%. As this moves closer and closer to 100%, this means more Lynden, WA homes for sale are getting asking price. This of course depends on the property and is usually seen when it comes to “hot buys”, which is real estate in Lynden, WA that is listed at a very competitive price (about 5% less than market value). With new listings down 1% and homes for sale in Lynden, Wa being down 19.7%, the inventory is tight. The good news is that pending sales are up 4.6% and closed sales are up 11.7%. The median days on market are down to 19 days. The average days on market is 48. The month supply is still very much in a seller’s market at 2.7. This is down 30.8% compared to this time last year. In order for a market to be considered balanced, it needs a 6 month supply. Whether or not Lynden, WA real estate will catch up with that need over the course of the next few months remains to be seen. If you are looking to list or buy homes for sale in Lynden, WA, working with a qualified Lynden, WA realtor is the best bet for a positive experience. Looking for a Lynden, WA realtor? I would be happy to help!


Posted on March 3, 2018 at 5:01 pm
Karen Timmer | Posted in Uncategorized |

How To Win A Bidding War

If you have been looking at homes for sale in Lynden, WA, you may feel a bit like a contestant on The Bachelor. Or Hunger Games? Let’s just say it is not uncommon to find yourself one out of multiple buyers trying to win the same property. Homes for sale in Lynden, WA go pending before you can even write the offer OR you are outbid in a multiple offer situation. While it is way more intense in other parts of the country, we are dealing with our own hot market. While experts forecast relief by the last half of the year thanks to more inventory, there is concern about increased prices AND mortgage interest rates. So if you are buying homes for sale in Lynden, WA, starting sooner rather than later is recommended. However, inventory is still in a seller’s market, which means the competition is fierce. What can you do as a buyer who just wants to find that perfect piece of Lynden, WA real estate? I have some great tips!

  1. Get pre-approved!

If you think getting pre-qualified is the same, it is not. The pre-qual simply confirms your income and how much a bank could lend you based on your credit profile. A pre-approval tells you how much you can actually spend and what your budget is. Being pre-approved is a great way to fast track your offer to a seller.

  1. Use an escalation clause

If you are new to Lynden, WA real estate, this is a great way to strengthen your offer in a multiple bid situation. This is an addendum to your original contract that states you will incrementally increase up to a certain limit as other offers come in at or above your offer. This is a smart strategy as it not only shows you are serious, but it keeps your name in the game as other people show up to throw their ring in the hat. Just be smart enough to know when it is time to walk away!

  1. Don’t get over the top with the contingencies

In a seller’s market, know that the buyer does not have the upper hand. The seller does. When they get a lot of multiple offers, the less complicated the better. Keep the demands to a minimum when putting in offers on Lynden, WA homes for sale. If there are 5 other solid buyers offering roughly the same amount of money, they are going to go with the one that is low maintenance and matches their specific needs.

  1. Be flexible

Speaking of, find out what the seller’s ideal move out is. Knowing whether or not they need a little extra time or need to move quickly can come in handy and work to your benefit if your timeline is flexible. For example: Let’s say the seller needs to stay a little bit longer after closing and it has come down to your offer and one other. The other buyer may be offering a little more money but can’t honor the seller’s desired move out date, but you can. They may pick you as it benefits them more. Find out what the seller needs and wants and consider being courteous and granting it to them if you can. It may save you money and you can still beat out the competition.

  1. Write a ‘love letter’

People respond to emotion. From successful marketing campaigns to talking yourself out of a speeding ticket. If you have a genuine, heartfelt reason that you feel makes you the best candidate for Lynden, WA homes for sale, tell the seller with a love letter. Let them know how much it would mean to you if your offer was picked.

  1. Don’t count yourself out after a bidding war

If you lose the bidding war on a home, all is not lost. Have your Lynden, WA realtor stay in touch with their Lynden, WA realtor and let them know you are still interested. That way, if something falls through, they will remember you and let you know the home is still available.

The best thing you can do, before getting pre-approved, is hiring an experienced Lynden, WA realtor. We work alongside you, lend our market knowledge and guide you through tough negotiations. Which means you get back up in a bidding war. With the homebuying process so cutthroat sometimes, it is normal to lose a bid or two. However, when you have an expert by your side helping you craft competitive offers, you can navigate the trickiest of transactions with confidence. For more information, feel free to give me a call!


Posted on February 17, 2018 at 10:10 pm
Karen Timmer | Posted in Uncategorized |

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