Whatcom County October 2021 Real Estate Recap

By
Real Estate Agent MLS#95406

No Relief for Buyers Until March
As the weather cools, the housing market intensity heats up for each new listing on the market. The Sales Activity Intensity™ in Whatcom County is the same as it was in Oct. 2020 and is approaching spring 2021 levels. Buyers wanting to lock in a great interest rate are driving the intense sales activity, but they will face constrained inventory until March 2022.  

In Whatcom County, the market is virtually sold out to the $1 million price point. Sales Activity Intensity™ is extreme frenzy for homes priced up to $750,000 (81 percent of sales activity). The $750,000 to $1 million range has frenzy Sales Activity Intensity,™ and there is strong luxury sales activity above $1 million.

IT’S OKAY TO BUY AND SELL DURING WINTER
Though many associate the spring and summer with buying and selling homes, the best time to buy and sell is when the timing is right for you! When you buy and sell within same-market timing, you will usually end up with approximately the same net asset equity once the sale is closed.  

The major advantage of buying and selling during this time is locking in a great interest rate. If you’re considering buying and/or selling this winter, connect with your trusted agent to formulate a plan for success. 

For more: http://whatcom.johnlscotthousingupdate.com/p/1
For more stats per city: https://heatherstevenson.johnlscott.com/real-estate-statistics-for-whatcom-county
For Bellingham stats and neighborhood videos: https://heatherstevenson.johnlscott.com/bellingham-real-estate-statistics

Heather Stevenson
John L Scott Real Estate
https://heatherstevenson.johnlscott.com/

Comments (3)

Laura Cerrano
Feng Shui Manhattan Long Island - Locust Valley, NY
Certified Feng Shui Expert, Speaker & Researcher

3% interest rates are interesting for sure! Good luck with everything,and I have some hope

Nov 05, 2021 10:51 PM
Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

Good morning Heather. Selling in a hot market with little or no inventory is a no brainer if you have a replacement plan. Interest rates are low and it is time to lock in before inflation takes the advantage away. Enjoy your day.

Nov 06, 2021 05:13 AM
Bob Crane
Woodland Management Service / Woodland Real Estate, EXP - Stevens Point, WI
Forestland Experts! 715-204-9671

Hi Heather,

Thank you for sharing the real estate information. 

Buyers and sellers in your area will benefit from your expertise. 

Wishing you continued success.

Bob

Nov 19, 2021 11:09 AM