If you have been thinking about selling or buying homes for sale in Whatcom County, you will want to do a little homework before you start the process. The first thing you will need to do is find a qualified and professional Whatcom County realtor. Once you have found someone you trust to guide you through the process, you will want to find out what the current Whatcom County real estate statistics are. 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 provides an accurate picture of what is currently happening. So how is Whatcom County real estate doing? Let’s take a look!
Both the median and average sold prices for homes for sale in Whatcom County real estate went up compared to last month as well as this time last year. The average sold price for homes for sale in Whatcom County increased by 9.5% compared to this time last year and is up $367,814. The median increased by 13.4% compared to this time last year at $346,000. The median days on market is still at 17 and the average is 54, which it has been for the past few months. The median percentage of list price is up slightly at 100%, which is also the same as last month. This number is used as a tool to determine your negotiation power and means that most homes are getting very close to asking or over in some scenarios.
As far as inventory goes, all the categories we look at are down. New listings are down slightly at 0.3%, pending Whatcom County real estate is down 0.8% and closed Whatcom County homes for sale is down 1.7%. The amount of general homes for sale is down by 8.9%. These numbers are all similar to last month. The price per square foot is up 10.2% at $226 which is up from last month as well. The month supply is still at 3.8. Anything less than 4 is considered a seller’s market while a market needs a 6 month supply in order to be balanced.
Now, it is important to know that each town and each neighborhood within that town has their own market report. If you are looking for stats specific to certain towns or neighborhoods within Whatcom County or a Whatcom County realtor, give me a call at 360-410-0848. My team and I would love to help!