Bellingham and Surrounding Areas

The December 2022 RE/MAX National Housing Report is reflecting a prominent Seller's Market! 

For Whatcom County, the number of for sale Bellingham Real Estate listings was down 12% from the previous month. The number of sold listings decreased 20.6% month over month. The number of under contract listings was down 29.4% compared to previous month. The Months of Inventory based on Closed Sales was 3. 

The Average Sold Price per Square Footage in Bellingham was up 1.8% compared to previous month. The Median Sold Price increased by 7.5% from last month. The Average Sold Price also increased by 2.4% from last month. Based on the 6 month trend, the Average Sold Price trend for the Bellingham Real Estate Market was "Neutral" and the Median Sold Price trend was "Neutral". 

The Average Days on Market in Bellingham showed a upward trend. The ratio of Sold Price vs. Original List Price was 95%.

Check out the details of the December 2022 Bellingham Market Report below.

BELLINGHAM, WA MARKET RECAP 2019:

Single Family

The Bellingham housing market continues to be one of the hottest markets around. An abundance of well qualified buyers combined with a decrease in the overall number of homes for sale is fueling consistent, remarkable gains in home values. Majority of the homes currently selling are in the $500,000 to $550,000 range, with an average sold price of $545,000. Relative to 2018, 2019 has seen an average price increase of 6%. Bellingham is currently a sellers’ market.

In Bellingham, the average price per square foot for single family homes is currently at $271. The absorption rate sits around 65% and there is, on average, 1.57 months of inventory.

WHATCOM COUNTY, WA MARKET RECAP 2019:

The market for Whatcom County single family homes has maintained consistent growth over the last 24 months. Due to a $19,000 increase in the median home price since last year, the market as a whole does not show signs of a downturn anytime soon. The Bellingham market for single family homes is no doubt the most prominent in Whatcom County, with a median home price of $475,750 and an average home price of $545,000 this year.

The median home price in Whatcom County increased by 5% from last year, rising from $380,000 to $399,000. While the average home price increased by 21%, the median is a more reliable number to look at because of possible outliers. The average price per square foot in Whatcom County for single family homes is currently $231. The absorption rate sits at 44%, and there is an average of 2.3 months of inventory.

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January 2020 Market Update Bellingham Area Happy New Year! It's January!  How about that snow last week?  I love the beauty of the snow here in Bellingham, but wasn't sad to see it go, and for the kids to go back to school!  I hope everyone had some fun in the snow with family and friends.  Now on to the market.  Interest rates are still low. (30yr fixed currently at 3.675%, FHA is 3.25% which is a great rate for a low down option!).  The December RE/MAX Housing Report shows that home prices are stagnant as compared to the same month last year. The average home price in Whatcom County this month is $388,000 whereas last December it was $399,000. This is a decrease of 2.8%.  As we start the month of January and are now in the winter season, we are seeing a seasonal slowdown and some price decreases in certain areas.  We are also seeing a significant drop in inventory vs this time last year, which is making it a little harder on buyers right now.  If you are toying with selling, now is a great time, as there is very little competition.  Have questions or want to chat?  Contact me. Dig into the details of the December 2019 Market Reports below! __________________________________________ 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     Bellingham Market Report    - Average sold price: $407,000  - New Listings: 50  - Active Listings: 126  - Sold Listings: 94   DOWNLOAD REPORT     WHATCOM COUNTY  - Average sold price: $388,000  - New Listings: 154  - Active Listings: 605  - Sold Listings: 263 DOWNLOAD REPORT   FERNDALE   - Average sold price: $418,000  - New Listings: 18  - Active Listings: 102  - Sold Listings: 32 DOWNLOAD REPORT   LYNDEN  - Average sold price: $409,000  - New Listings: 15  - Active Listings: 60  - Sold Listings: 26 DOWNLOAD REPORT   SUDDEN VALLEY  - Average sold price: $374,000  - New Listings: 9  - Active Listings: 28  - Sold Listings: 10 DOWNLOAD REPORT *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!   Home Loan Interest Rate Update   30 Year Fixed interest rate is 3.675%!  If you are looking to buy a home this Fall, now is a great time to get your pre-approval, and get on your way to buying your new home!  CLICK HERE for more information on Home Loans.  Contact me if you would like help to start the pre-approval process!  360-303-9596 is my direct number, I am always available! *TIP: Since interest rates are so low, now might be a great time to REFINANCE!  If you have question about if now is a good time to refi, call me!   Local Business Spotlight Alma Cider   Some friends of mine have started their own Cider Company here locally! It’s super exciting, especially for me because I don’t drink beer, and drink a lot of cider! Check them out at almacider.com and support them at their release party on March 21st 2020 from 3-7pm at the Tulip Valley Winery! Love trying new cider and am excited for this event!!   2020 Home Buying Checklist Buying a home in 2020?  Start planning now.   If you’re thinking of buying a home, plan ahead and stay on the right track, starting with pre-approval. Being proactive about the homebuying process will help set you up for success in each step. Make sure to work with a trusted real estate professional along the way, to help guide you through the homebuying steps specific to your area.   In The News Our Bellingham in the New York Times To Fight Climate Change, One City May Ban Heating Homes With Natural Gas. Seeking to do their part to avert climate change, dozens of cities are exploring ways to limit natural gas heating in new homes. One city may also require existing homeowners to make a switch. READ MORE....     RE/MAX National Housing Report December 2019 Copyright © *|CURRENT_YEAR|* *|LIST:COMPANY|*, All rights reserved. *|IFNOT:ARCHIVE_PAGE|* *|LIST:DESCRIPTION|* Our mailing address is: *|HTML:LIST_ADDRESS_HTML|* *|END:IF|* Want to change how you receive these emails? You can update your preferences or unsubscribe from this list. *|IF:REWARDS|* *|HTML:REWARDS|* *|END:IF|*

Welcome to Lone Jack unit 106!Bright and Sunny!1bd/1.75ba PLUS bonus room in Snowater!Vaulted ceilings & large windows allow natural light to brighten the unit with Southern Exposure.Wood burning fireplace keeps you cozy on those cold winter days!Skylight in bedroom allows tons of light in!Appliances are newer.Most furnishings stay.Enjoy all that Mt Baker has to offer in this adorable little getaway!Amenities include:game room,exercise room,indoor pool/hot tub,sauna,trails,gated entry and more!

Below is a LIVE video tour of the Condo.  Call me at 360.303.9596 is you have any questions!

Here is the February 2018 Bellingham Real Estate Market Update!  Home sale prices remain strong.... We continue to see very little inventory, bidding wars, and over asking price offers which makes it challenging for buyers!  2018 is looking to be another great year for sellers, so if you are on the fence about selling,  you may want to think about it!  If you have any questions, please feel free to contact me anytime!  Click here for my contact information: Contact Me!

Curious what your home is worth? Click the link below for your to get the estimated value of your home, and a free CMA within minutes! Get My Free CMA!

Here is a quick recap of sales statistics by Whatcom County Location!

Whatcom County:

Average Sale Price = 382K

Total New Listings = 301

Total Active Listings = 522

Total Sold Listings = 238

Bellingham:

Average Sale Price = 417K

Total New Listings = 87

Total Active Listings = 113

Total Sold Listings = 100

Ferndale:

Average Sale Price = 334K

Total New Listings = 46

Total Active Listings = 70

Total Sold Listings = 21

Lynden:

Average Sale Price = 368K

Total New Listings = 30

Total Active Listings = 51

Total Sold Listings = 21

Sudden Valley:

Average Sale Price = 333K

Total New Listings = 21

Total Active Listings = 23

Total Sold Listings = 12