Every week we take a snap shot of the real estate market and track 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, Jan. 30th the pending ratio in Bellingham was 16% 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 18%.
Ferndale has a pending ratio of 13%.
The Lynden area in East Whatcom County has a pending ratio of 17%.
The Sudden Valley pending ratio was 21%.
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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Looks like the market is starting to move in the right direction.
Good luck in 2010! I hope Bellingham’s real estate market picks up along with ours here in Charlotte, NC!