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Bellingham and Whatcom County Real Estate Pending Ratios

March 12th, 2012 by Fawn | Posted in Bellingham, Pending Ratios, Real Estate Sales Statistics, Whatcom County | No Comments »

Bellingham Real EstateEvery 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, March 10th, the pending ratio in Bellingham was 28% . 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 22%

The Lynden area in East Whatcom County has a pending ratio of 30%

The Sudden Valley pending ratio was 23%

The Ferndale pending ratio was 26%

If you would like to search for Real Estate in Bellingham and Whatcom County that is currently for sale visit The Johnson Team Real Estate’s Property Search Page to search.

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!

Bellingham Real Estate Market Home Sale and Pricing Update

March 5th, 2012 by Fawn | Posted in Bellingham, Bellingham, Random, Real Estate Sales Statistics, Whatcom County | 1 Comment »

real estate marketThere are some odd things going on in the real estate market.

  • Trend lines of average and median prices for the past 3 years have been down, but the units sold trend has been stable.  We crossed the tipping point this month…all trend lines are now heading down both for Bellingham and the county as a whole.
  • With that said, sales for the first two months of the year are up strongly in all areas except Bellingham and Birch Bay/Blaine. 
  • The number of short sale and bank owned properties on the market has been dropping over the past 2 months, and the number of those types of properties sold is down from last fall.
  • The Bellingham market is the largest in the county and has typically been the strongest, but that doesn’t seem to be the case lately.   

Indications of shifts in market activity to areas outside Bellingham started showing up at the end of the year.  Bellingham inventory continued lower than the prior year, but the number of pending sales also started to decline.  In some other areas of the county, however, pending sales were climbing.  Look at the numbers as of the end of February in the table below.

Comparison of Month End Active and Pending Residences in 5 areas
  Feb 2011 Feb 2012 % Change
Bellingham      
Active 491 358 -27%
Pending 127 119 -6%
       
Ferndale      
Active 189 146 -23%
Pending 37 51 28%
       
Sudden Valley      
Active 60 71 18%
Pending 22 24 9%
       
B Bay/Blaine      
Active 194 157 -19%
Pending 38 42 11%
       
Lynden      
Active 129 116 -10%
Pending 24 40 67%

So why are pending sales so strong, particularly in Ferndale and Lynden, compared to Bellingham?  In looking at the individual properties represented in these numbers, the increases seem to be driven by new construction.  Ferndale and Lynden went into the recession with large numbers of platted lots available.  Prices on those lots have come down and new houses are being built.  While some of that is going on in Bellingham, it is a much smaller percentage of the market.  Read On….. 

For ongoing real estate numbers and details on all the Whatcom County market areas, go to main website. We update the site weekly with everything from interest rates to market conditions to information from Fannie Mae, the FED and the FDIC. Also, feel free to call us at (360) 303-2734 or e-mail Info@JohnsonTeamRealEstate.com if you want to know more about a specific portion of the market – we track a lot more than we have space to report.

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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!

Whatcom County Home & Garden Show This Weekend!

March 1st, 2012 by Fawn | Posted in Bellingham, Lynden, Whatcom County, Whatcom County Events | No Comments »

Home ShowThis weekend March 2-4 you will want to be sure to head out to Lynden and check out the 2012 Whatcom County Home and Garden Show there will be over 200 vendors showcasing different products for your home. Throughout the show there will also be several seminars held including a gardening question and answer with  TV personality and gardening expert Cisco Morris. To view the complete list of seminars to be held during the show click here.

Home and Garden Show Kids Coloring Contest Sheet

Home and Garden Show Kids Coloring Contest Sheet

Local appliance company DeWaard and Bode and Kafe 104.1 will also be giving away three prizes at the show with a value of over $10,000. You will want to be sure and stop by their display to enter to win a price.  For the kids there is also a coloring contest, you can download and print the coloring sheet early by visiting the BIA website.

The Whatcom County Home and Garden Show is being helpd at the Northwest Washington Fair & Events center located at 1775 Front St in Lynden. Tickets prices are $7 for Adults 16 and older, $5 for seniors 55 and older, and children under 16 are free.

 

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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!

Luxury Homes Sales in the Pacific Northwest

February 27th, 2012 by Fawn | Posted in Bellingham, Random, Whatcom County | No Comments »

Semiahmoo ViewsWith a vast array of natural beauty, culture and history it is no wonder that we are noticing that Bellingham, Skagit County and the San Juan Islands seem to be attracting more luxury home buyers. Bellingham and the Pacific Northwest are graced with many luxurious homes and estates. The incredible natural landscape and history help the Northwest boast some of the finest luxury real estate in the nation.

Wherever your real estate price point rests luxury can be at your finger tips. Whether you are looking for incredible snow capped mountain views of Mt. Baker, rolling acreage to enjoy your equestrian members of the family or a private lake dock for you boat, or saltwater front real estate, you can find it all here.

Each week we showcase a home or homes which have just sold and help you get an idea of what the real estate markets in Bellingham and the neighboring areas have to offer. You can also search for active luxury real estate on our website’s Luxury Real Estate Page. This past week there was not a lot of action in the Luxury Real Estate Market in and around Bellingham. Below are the top two home sales in terms of pricing last week.

Orcas Island Real Estate83 Old Growth Lane sold last week for $785,000 and is located in Eastound on Orcas Island in the San Juan Islands.

If an incredible view that would take your breathe away was on your wish list this home would have fit your needs with its stunning views of  Lake Cascade, East Sound, Rosario Straight and the outer San Juan Islands.

Located on 4.9 private acres and just 11 minutes to Eastsound or Morgan State part this sunny spacious Northwest Contemporary home is sure not to disappoint with high vaulted ceilings, 3 bedrooms, 2 1/2 bath and a full two car garage and even a bonus separate shop.

San Juan Island Real Estate55 Myers Rd sold last week for $3,450,000 and is located on San Juan Island.  True luxury is the definition of this home with an expansive 6,300+ square feet, 3 bedrooms, 5 bathroom and 7.498 private acres.

Almost every window in the home seems to showcase the stunning views of Harbor, Port of Friday Harbor and the beautiful waters and wildlife around San Juan Island. The home boasts 130′ of salt water front with a private dock, paved driveway and 1,600+ shop.

To search Luxury Real Estate in Bellingham and neighboring areas be sure and check out The Johnson Team’s Real Estate’s Luxury Real Estate Page.

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!

It’s Never To Early To Start Spring Cleaning

February 24th, 2012 by Fawn | Posted in Bellingham, Random, Whatcom County | No Comments »

Spring CleaningI don’t know about you but I would much rather clean the house and do maintenance inside when the weather outside is dreary.  February is a great time to get a jump start on Spring cleaning while not missing out on wonderful weather outside.  Below are some tips to help you get ahead of the game and make sure you home is in prime shape for the coming Summer and Winter.

- Replace dirty air filters in your furnance or over range microwave.

- Clean refridgerator condenser coils to ensure proper energy use.

-Fall and Winter can bring a lot of dirt into the home be sure and clean out door tracts and window sills and lubricate any hinges or rollers that may need it.

- Check behind your washer and dryer to make sure all hoses all properly connected and there is no hiding leaks you may not have noticed.

- Check your bathtub caulking and re-caulk where you deem necessary.

Just think when Spring comes around you will be outside enjoying the fresh Spring air since you will already be ahead of the Spring cleaning game.

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!

The Johnson Team
510 Lakeway Drive
Bellingham, WA 98225

Info@johnsonteamrealestate.com - Toll Free- 1-888-713-3056 - Phone: (360) 733-3030