Every week we track the number of homes on the market that have offers on them and those that do not and create a ratio we call Pending Ratios.
As of Saturday July 17th , 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 12%
Ferndale has a pending ratio of 13%.
The Lynden area in East Whatcom County has a pending ratio of 13%
The Sudden Valley pending ratio was 16%
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
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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Informative article. Real Estate is having a big part on the business world, on real estate, selling is not as easy as eating peanuts, you need to have the guts, proper marketing and being honest on what you are selling but definitely real estate is really a great investment because it gives a lot of opportunity.Brainard Ridge Realty is a full-service real estate brokerage and development company, specializing in Timberframe and Custom Log Homes.
Sudden Valley has the most in escrow along with Bellingham. Do they have about the same amount of homes as well? It’s very interesting information for anyone thinking about selling their house with the Johnson Team.
Another popular location apprx. 20 minutes southeast of Bellingham is Sudden Valley, a Bellingham neighborhood with some homes within a block of Lake Whatcom if not right on the lake. In addition to offering lake access, Sudden Valley has its own clubhouse with gym and state of the art equipment, golf course,swimming pool and hiking trails. The average sale price in Sudden Valley is $262,000. Sudden Valley is also a “gated “ community ( 7 gates in total) with a large Home Owners Association and patrolled security so it is a popular area for foreigners to have property.