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Hello! I have been getting a lot of questions about the market lately, whether it's a good time to buy or sell, whether prices are rising or falling, etc. Press play for some good up to date real time information on the Bellingham and Whatcom County Market.
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May 2020 Market Update
Bellingham Area
The April RE/MAX Housing Report shows that home prices are generally increasing across the county. The inventory of homes on the market has increased substantially from March, and a general increase compared to the same time last year. The average home price in Whatcom County this month is $438,000, about a 2% increase from the average seen in March. This is 5% increase from April 2019 when the average home price was $416,000.
As we end the month of May, we are seeing a seasonal pick-up of inventory and price. Inventory continues to grow - even more than last year’s numbers.
If you have questions about the market, please reach out. I would love to hear from you. Have comments or want to chat? Contact me.
Dig into the details of the April 2020 Market Reports below!
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Are you thinking about making a move? It's never too early to start planning, and I would love to be a part of your plan. If you have questions on where to begin, please reach out to me anytime. I would love to help!
I've attached links to a Free Buyer and Seller Guide that can help get the process started.
Buyer Guide
Seller Guide
Search Bellingham Area Homes
DOWNLOAD THE RE/MAX MOBILE HOME SEARCH APP
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- Average sold price: $464,000
- New Listings: 106
- Active Listings: 161
- Sold Listings: 74
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*Don't see your area? I'd be happy to send you a market update specific to your neighborhod or area, just shoot me a quick email!
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Safety Information:
Here is an update for what Realtors can and can't do, if you weren't on last month's email. We are considered essential, but in person contact must be limited.
* We can show homes, but can only show homes to one person at a time
* Showings and in person meetings in general must be by appointment only, even vacant homes
* Buyers MUST be pre-approved to see a home
* Buyers must be ready to write an offer now (this is not the time to be causally browsing, this is for serious buyers who need to. or are ready to buy now)
* We must take the most extreme precautions. Gloves, masks, shoe booties, no unnecessary touching of items in home, etc.
* We can do listing presentations, while practicing social distancing, or we can do them over a video phone call, like Zoom!
* UPDATE regarding staging and professional photographers. We can now hire professional home stagers and photographers, we just have to follow the guidelines above. There are also virtual staging options if you don't feel comfortable having extra people in your home.
PLEASE CLICK HERE TO SEE GUIDELINES WE ARE FOLLOWING FOR BUYERS AND SELLERS.
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Home Loan Interest Rate Update
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Keys to Selling Your House Virtually
In a recent survey by realtor.com, people thinking about selling their homes indicated they’re generally willing to allow their agent and some potential buyers inside if done under the right conditions. They’re less comfortable, however, hosting an open house. This is understandable, given the health concerns associated with social contact these days. The question is, if you need to sell your house now, what virtual practices should you use to make sure you, your family, and potential buyers stay safe in the process? READ MORE...
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