The Johnson Team Tracks many different areas of Bellingham Real Estate Statistics. From monthly real estate reports to foreclosures and short sales you can find it all here.
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. This weeks numbers were great with all areas either remaining stable or up in pendings.
As of Saturday, January 28th, the pending ratio in Bellingham was 22% . 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.
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
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. This weeks numbers were great with all areas either remaining stable or up in pendings.
As of Saturday, January 21st, the pending ratio in Bellingham was 23% . 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.
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
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. This weeks numbers were great with all areas either remaining stable or up in pendings.
As of Saturday, January 14th, the pending ratio in Bellingham was 21% . 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.
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
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. This weeks numbers were great with all areas either remaining stable or up in pendings.
As of Saturday, January 7th, the pending ratio in Bellingham was 21% . 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.
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
We’ll start with the basics. Sales are holding up fairly well, with all areas above or close to sales in 2010. While average and median prices rose a bit from the November numbers in most areas the price trend is still drifting downward. This may be the reason the number of sales are holding up: prices are lower and people can afford to buy, even with the more sensible loan requirements.
Sometimes it is interesting to look at the longer view, so I went back in the dusty archives to 2003. At that point I wasn’t tracking quite as much as I do now, but the basics are very interesting. Following is a table showing changes as of the end of each year. It is interesting, of course, to see the changes in number of homes sold and prices over the past 9 years.
Year
12/31 Active
12/31 Pending
Total Sales
Avg Price Sold
% Change Yr to Yr
Median Price Sold
% Change YTY
2003
236
135
1354
$235,648
2004
209
171
1425
$266,393
13%
2005
401
165
1272
$327,309
23%
$285,000
2006
540
157
1197
$368,312
13%
$305,500
7%
2007
497
85
1219
$375,161
2%
$315,000
3%
2008
453
64
881
$359,151
-4%
$299,000
-5%
2009
412
87
912
$339,521
-5%
$288,444
-4%
2010
455
99
788
$334,304
-2%
$278,000
-4%
2011
363
99
806
$317,874
-5%
$264,250
-5%
However, the really interesting part may go beyond the basic comparisons. Look at the Active figures from 2004, 2005 & 2006. They increased substantially. Now look at the Sale numbers for 2005, 2006 & 2007. They dropped substantially from 2004 levels. Throughout 2006, inventory, pending and sale numbers were clear indicators that the market was out of balance and cooling off. At the same time, look at the sale prices. They increased substantially from 2004 to 2006, and continued to some degree into 2007. It seems as though the law of supply and demand, even with easy financing, was not operating as might have been expected. Read On….
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. This weeks numbers were great with all areas either remaining stable or up in pendings.
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