Uncategorized January 18, 2019

Whatcom County Real Estate Update

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. So how is Whatcom County real estate doing? Let’s take a look at the numbers TrendGraphix is reporting!

The average active price for homes for sale in Whatcom County increased by 1% to $591,000. The average sold price for homes for sale in Whatcom County went up 7.2% at $433,000. The average days on market is 51. The average percentage of list price is down slightly at 95%. This number is used as a tool to determine your negotiation power.

As far as inventory goes, the categories we look at have a mixed review. New listings are up at 9%, pending Whatcom County real estate is down 19.9% and closed Whatcom County homes for sale is down 34%. The price per square foot is up 2.4% at $214. The month supply is at 3.2%. 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!