The following is a quick analysis of the Whatcom County real estate market.
There are currently 130 homes for sale.
- Homes are priced from $175,000 - $987,000
- Average Asking Price; $363,792 Days on Market are 169 days
- Median Asking Price: $332,400 Days on Market are 134 days
- Homes sold in December: 12
- Average Listing Price $271,725
- Average Sold Price $267,317 Days on the Market 89
- Median Listing Price $264,900
- Median Sold Price $247,200 Days on Market 53
- Homes Pending last week: 6 Total Homes Pending: 29
- Average Sales Price December 2008: $297,590
- Median Sales Price December 2008: $303,750
- Sold in December 2008: 10
The Average Sales price is down 10.2% compared to December 08 and down 1.5% compared to November 09.
The Median Sales prices is down 18.6% compared to December 08 and down 11.7% compared to November 09.
The number of sales is up by 21 compared to December 08 and is down by 2 compared to last month November 09.
Condo Analysis for Lynden
- There are currently 25 condos for sale.
- Condos are priced from $129,900 - $379,950
- Average List Price $219,413 Days on the Market: 210
- Median List Price $219,956 Days on the Market: 160
- Condos Sold in December: 1
- Average List Price: $214,950
- Average Sales Price: $214,950 Days on the Market: 48
- Median List Price: $214,950
- Median Sales Price: $214,950 Days on the Market: 48
- Pending Sales Last Week: 1 Total Condos Pending 3
- Average Sales Price December 2008: $252,133
- Median Sales Price December 2008: $200,950
- Sold in December 2008: 3
Great news the First Time Home Buyer's Tax Credit of $8,000 available to anyone who hasn't owned a home in the past 3 years has been extended until April 2010. The new program will also expand the tax credit to include existing home owners who have owned a home for at least five of the last 8 years will be able to apply for tax credits of up to $6,500 when they purchase their next home.
You might want to talk to your banker to see what you can afford. Meanwhile interest rates are still extremely low and there are some great values in the Bellingham market right now. You might want to take a look at what it would cost you to purchase one of these homes at today's rates. You might be surprised at what your monthly payments would be, maybe less than your paying for rent right now if you are renting a comparable sized house.
If you have any questions or want to see any Lynden Property feel free to email me at or give me a call at 360-739-6981
Whatcom County Real Estate Market Report for November, 2009
Bellingham Real Estate Market Report for November, 2009
Blaine Real Estate Market Report for November, 2009
Ferndale Real Estate Market Report for October, 2009
Lynden Real Estate Market Report for November, 2009
Sudden Valley Estate Market Report for November, 2009
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