Wow, what a ride!
Our local sales volume is down. No question about it! On average about 25% down from this time last year. Why? Unsettled lending environment, gas prices, anxiety, unemployment up... However, our home values are holding pretty well. Our inventory it down from last year as well, which keeps us close to an even buyer/seller market. Hence, the values staying close to normal. So, it is time to buy with the rates going down, the credit belt loosening back up, and lots of good inventory. Time to sell? Yes values are holding and there are buyers...buying everyday!
100% financing is still available for 1st time home buyers, those that haven't owned a home in 3 years, rural housing (North of Bakerview, East of Toad Lake...and including the Sudden Valley area) and owner financing options. 100% financing still exist, just not available for all properties.
If you would like more in depth information, stats specific to your neighborhood, or 100% financing information just send us an email.
These stats are for residential only, provided by the NWMLS
| Residential Only |
Whatcom Co
|
Bellingham
|
Barkley Area
|
| Total Active Listings |
1767
|
636
|
111
|
| Med. List Price |
$349,000
|
$389,950
|
$379,900
|
| Avg. Days on Market |
118
|
112
|
100
|
| Total Pending/Sold |
1399
|
628
|
130
|
|
Med. Sold Price
|
$280,000
|
$315,000
|
$309,000
|
|
Avg Sold Days on Market
|
98
|
90
|
78
|
Total Sold
Same Period last yr. |
1603
|
775
|
140
|
|
AVG Sold Price -
Same period last yr.
|
$292,725
|
$319,000
|
$305,000
|
AVG Sold Days on Market
Same period last yr. |
96
|
93
|
91
|
| |
|
|
|
;)
;)
