Currently this week in Ferndale, WA the Pending Ratio is 15%, which is down 2 percentage points from the 17% ratio posted two weeks ago.The pending ratios are the percentage of homes listed that have pending offers on them.

Below is a graph to view the Ferndale Real Estate pending sales trend.

To view the pending ratios in numerical form click here

Currently this week in Ferndale, WA the Pending Ratio is 17%, which is down 1 percentage point from last week’s pending ratio of 18%. The pending ratios are the percentage of homes listed that have pending offers on them.

Below is a graph to view the Ferndale Real Estate pending sales trend.

To view the pending ratios in numerical form click here

Currently this week in Ferndale, WA the Pending Ratio is 18%, which is up 2 percentage points from last week’s pending ratio of 16%. The pending ratios are the percentage of homes listed that have pending offers on them.

Below is a graph to view the Ferndale Real Estate pending sales trend.

To view the pending ratios in numerical form click here

p>Currently this week in Ferndale, WA the Pending Ratio is 16%, which is down 4 percentage points from last week’s pending ratio of 20%. The pending ratios are the percentage of homes listed that have pending offers on them.

Below is a graph to view the Ferndale Real Estate pending sales trend.

To view the pending ratios in numerical form click here

Currently this week in Ferndale, WA the Pending Ratio is 20%, which is up 3 percentage points from last week’s pending ratio of 17%. The pending ratios are the percentage of homes listed that have pending offers on them.

Below is a graph to view the Ferndale Real Estate pending sales trend.

To view the pending ratios in numerical form click here

Currently this week in Ferndale, WA the Pending Ratio is 17%, which is stable with last week’s pending ratio. The pending ratios are the percentage of homes listed that have pending offers on them.

Below is a graph to view the Ferndale Real Estate pending sales trend.

To view the pending ratios in numerical form click here

Currently this week in Ferndale, WA the Pending Ratio is 17%, which is stable with pending ratios posted two weeks ago. The pending ratios are the percentage of homes listed that have pending offers on them.

Below is a graph to view the Ferndale Real Estate pending sales trend.

To view the pending ratios in numerical form click here

First let’s look at the numbers, then we can try to make some sense of them.


In looking at the tables above, it is obvious that the activity in the market has slowed considerably. Unit sales in June were down almost 35% from June sales in 2007, and were down more than total sales over the first 6 months of the year. On the other hand, prices in June bucked the trend thus far this year and were up a bit, particularly fueled by some strength in the $500,000 to $750,000 range. The $300,000 to $500,000 range continues to show the largest decline in number of units sold, although prices there are also showing small increases. Since that range is still almost 40% of the Bellingham market, stable prices there help to maintain the average and median.

Inventory is still down slightly from last year and pending sales were off 20% from last year at our mid-month check. This is the smallest monthly year-to-year decline in pending sales we have seen since last July, which was when this slowdown began. Interest rates are still good, but they have gradually been creeping up and they are expected to rise further by the end of the year. We don’t anticipate a collapse or the steep price declines that are being forecast for other areas of the country.

The market in Whatcom County outside Bellingham, particularly Sudden Valley (down 60% in volume) and Ferndale (down 52%), has been harder hit, but average price drops were 3 % to 4%. Lynden’s market, on the other hand, dropped less in volume (16.7%) and was up 8.5% in average sold price compared to June of last year. Birch Bay/Blaine, at a volume drop of 37.5%, tracked pretty close to Bellingham, but it suffered an 11% drop in average sold prices.

In summary, remember that these are the statistics for those homes in Whatcom County which have sold. They are the cream of the crop – best in price, location, condition and presentation. Buyers countywide last month paid an average of 97% of the list price for them (98% in Bellingham). Whether you are thinking of buying or selling, do your homework and be realistic in your expectations.

Due to a change in the NWMLS pending ratios will not be available until next week. Thank you for being patient as new ratios will be posted next Tuesday.

Enjoy your week!

Currently this week in Ferndale, WA the Pending Ratio is 17%, which is up 2 percentage points with last week’s ratio of 15%. The pending ratios are the percentage of homes listed that have pending offers on them.

Below is a graph to view the Ferndale Real Estate pending sales trend.

To view the pending ratios in numerical form click here