Weekly we keep track of the number of homes on the market that have offers on them and those that do not, this is what we call Pending Ratios.
As of Saturday, Nov. 14th the pending ratio in Bellingham was 25%. Pending is the time frame between when an offer has been mutual accepted between the buyer’s and the seller’s of the home and when the title actually transfers hands. This give the buyer’s time to get the financing, do inspection, review the title reports and more.
Birch Bay had a pending ratio of 17%.
Ferndale has a pending ratio of 19%.
The Lynden area in East Whatcom County has a pending ratio of 17%.
The Sudden Valley pending ratio was 27%.
To view a complete history of Whatcom County Pending Ratios or for other real estate statistics don’t hesitate to contact The Johnson Team at (360) 303-2734 or by email at Info@JohnsonTeamRealEstate.com
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For more information on Bellingham Real Estate or to search for homes in the Bellingham and Whatcom County area visit www.JohnsonTeamRealEstate.com, your one stop Bellingham real estate and community information resource!
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Awesome looking numbers!
Some really good ratios you have, how much of them are yours?
Great blog for your area!
Hi Lisa, It varies from week to week, but our office is typically involved in 25% to 40% of the transactions in Whatcom County.