Lummi Island Real Estate Market May Be In for Better Days

Yesterday I looked at 22 houses currently for sale on Lummi Island. 

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On the spot reporting is great, but looking at the history a bit gives a more balanced picture of a market.  The table below compares the number of residences sold on Lummi Island for the past 6 months in 2007, 2008 and 2009.  It also compares the number of homes currently under contract to the number sold in 2007 and 2008 in the coming 3 months.  Based on these numbers, it is entirely possible that sales for the next 3 months could meet or surpass the number for 2007, which would be a step toward a possible market recovery.

We track a lot of numbers relative to Whatcom County Real Estate, so if you have a particular interest, just leave a comment or question and I can probably get you what you want…or you can share your perspective.  I’d love to hear from you, and another point of view can help us all to better understand what is happening in this sometimes wacky world of real estate.

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!