re/max whatcom county, inc. real estate market update for 4 th quarter 2012
TRANSCRIPT
RE/MAX Whatcom County, Inc.
Real Estate Market UpdateFor
4th Quarter 2012
King County Snohomish County
Skagit County Whatcom County
Green = Current InventoryRed = Pending SalesBlue = Closed Sales
King County Snohomish
Skagit Whatcom
Months of Inventory
Island County
Whatcom County
3rd qtr 2012633 pending586 closed
3rd qtr 2011503 pending559 closed
4th qtr 2011391 pending445 closed
4th qtr 2012498 pending546 closed
Whatcom CountyMonths of Inventory
Average and Median Price ComparisonQuarterly Moving Average
Q1,07Q2,07Q3,07Q4,07Q1,08Q2,08Q3,08Q4,08Q1,09Q2,09Q3,09Q4,09Q1,10Q2,10Q3,10Q4,10Q1,11Q2,11Q3,11Q4,11Q1,12Q2,12Q3,12Q4,12
250,000
270,000
290,000
310,000
330,000
350,000
370,000
Single Family Homes Bellingham
AverageMedian
Clos
ed P
rice
Bellingham Average Median Total Remaining Months of Average Total Dollar
Sales Price Price Sold Inventory Inventory Days on Mkt Volume
4th Quarter 2012 $ 312,403 $ 276,733 276 320 3.5 86 $ 86,647,116
4th Quarter 2011 $ 301,523 $ 247,408 203 412 6.1 107 $ 62,285,076
Change 3.6% 11.9% 36.0% -22.3% -42.6% -19.6% 39.1%
Single Family Condos
Sold Price4th Qtr
20124th Qtr
2011 Sold Price4th Qtr
20124th Qtr
2011$0 $99,999 4 3 $0 $99,999 2 2
$100,000 to $149,999 11 17 $100,000 to $149,999 5 11$150,000 to $199,999 33 20 $150,000 to $199,999 11 9$200,000 to $249,999 48 50 $200,000 to $249,999 3 5$250,000 to $299,999 46 32 $250,000 to $299,999 6 3$300,000 to $349,999 23 17 $300,000 to $349,999 5$350,000 to $399,999 22 7 $350,000 to $399,999 1$400,000 to $449,999 13 7 $400,000 to $449,999$450,000 to $499,999 6 9 $450,000 to $499,999 1 1$500,000 to $549,999 1 4 $500,000 to $549,999$550,000 to $599,999 7 2 $550,000 to $599,999$600,000 to $649,999 4 1 $600,000 to $649,999$650,000 to $699,999 2 1 $650,000 to $699,999$700,000 to $749,999 2 1 $700,000 to $749,999$750,000 to $799,999 3 $750,000 to $799,999$800,000 to $849,999 1 $800,000 to $849,999$850,000 to $899,999 1 $850,000 to $899,999$900,000 to $949,999 $900,000 to $949,999$950,000 to $999,999 $950,000 to $999,999 1
$1,000,000 to $1,250,000 1 $1,000,000 to $1,250,000 Total 227 172 Total 34 32
Bellingham
Bellingham
Sudden Valley Average Median Total Remaining Months of Average Total Dollar
Sales Price Price Sold Inventory Inventory Days on Mkt Volume
4th Quarter 2012 $ 213,254 $ 205,184 27 61 7.1 116 $ 5,743,699 4th Quarter 2011 $ 233,853 $ 197,167 24 72 10.3 103 $ 5,791,600 Change -8.8% 4.1% 12.5% -15.3% -31.1% 12.6% -0.8%
Single Family Condos
Sold Price4th Qtr
20124th Qtr
2011 Sold Price4th Qtr
20124th Qtr
2011
$0 $99,999 1 $0 $99,999 1 1
$100,000 to $149,999 7 6 $100,000 to $149,999 1 1
$150,000 to $199,999 5 6 $150,000 to $199,999
$200,000 to $249,999 8 4 $200,000 to $249,999
$250,000 to $299,999 3 2 $250,000 to $299,999
$300,000 to $349,999 3 2 $300,000 to $349,999
$350,000 to $399,999 1 $350,000 to $399,999
$400,000 to $449,999 $400,000 to $449,999
$450,000 to $499,999 $450,000 to $499,999
$500,000 to $549,999 2 $500,000 to $549,999
$550,000 to $599,999 $550,000 to $599,999
$600,000 to $649,999 $600,000 to $649,999
$650,000 to $699,999 $650,000 to $699,999
$700,000 to $749,999 1 $700,000 to $749,999
Total 27 24 Total 2 2
Sudden Valley
Sudden Valley
Ferndale Average Median Total Remaining Months of Average Total Dollar
Sales Price Price Sold Inventory Inventory Days on Mkt Volume
4th Quarter 2012 $ 293,005 $ 261,983 76 154 6.3 123 $ 22,041,504 4th Quarter 2011 $ 262,487 $ 234,500 74 194 8.3 132 $ 19,302,986 Change 11.6% 11.7% 2.7% -20.6% -24.1% -6.8% 14.2%
Single Family Condos
Sold Price4th Qtr
20124th Qtr
2011 Sold Price4th Qtr
20124th Qtr
2011
$0 $99,999 2 4 $0 $99,999
$100,000 to $149,999 7 9 $100,000 to $149,999
$150,000 to $199,999 7 10 $150,000 to $199,999
$200,000 to $249,999 20 16 $200,000 to $249,999
$250,000 to $299,999 12 6 $250,000 to $299,999
$300,000 to $349,999 8 11 $300,000 to $349,999
$350,000 to $399,999 9 5 $350,000 to $399,999
$400,000 to $449,999 5 5 $400,000 to $449,999
$450,000 to $499,999 1 2 $450,000 to $499,999
$500,000 to $549,999 4 1 $500,000 to $549,999
$550,000 to $599,999 $550,000 to $599,999
$600,000 to $649,999 1 $600,000 to $649,999
$650,000 to $699,999 1 $650,000 to $699,999
$700,000 to $749,999 1 $700,000 to $749,999
Total 77 70
Ferndale
Ferndale
Blaine Average Median Total Remaining Months of Average Total Dollar
Sales Price Price Sold Inventory Inventory Days on Mkt Volume
4th Quarter 2012 $ 334,729 $ 274,167 44 172 12 141 $ 14,851,207
4th Quarter 2011 $ 230,604 $ 208,442 55 187 10.5 107 $ 12,753,260 Change 45.2% 31.5% -20.0% -8.0% 14.3% 31.8% 16.5%
Single Family Condos
Sold Price4th Qtr
20124th Qtr
2011 Sold Price4th Qtr
20124th Qtr
2011
$0 $99,999 1 3 $0 $99,999 6 4
$100,000 to $149,999 3 11 $100,000 to $149,999 2
$150,000 to $199,999 5 9 $150,000 to $199,999 3 2
$200,000 to $249,999 11 9 $200,000 to $249,999 5
$250,000 to $299,999 5 7 $250,000 to $299,999 1
$300,000 to $349,999 2 6 $300,000 to $349,999 1 3
$350,000 to $399,999 4 3 $350,000 to $399,999 2
$400,000 to $449,999 1 $400,000 to $449,999
$450,000 to $499,999 2 1 $450,000 to $499,999 1
$500,000 to $549,999 2 1 $500,000 to $549,999
$550,000 to $599,999 4 $550,000 to $599,999
$600,000 to $649,999 2 $600,000 to $649,999 1
$650,000 to $699,999 1 1 $650,000 to $699,999
$700,000 to $749,999 1 $700,000 to $749,999
$750,000 to $799,999 $750,000 to $799,999
Total 44 51 19 12
Blaine/Birch Bay
Blaine/Birch Bay
Lynden Average Median Total Remaining Months of Average Total Dollar
Sales Price Price Sold Inventory Inventory Days on Mkt Volume
4th Quarter 2012 $ 260,789 $ 247,732 51 79 4.9 88 $ 13,285,886 4th Quarter 2011 $ 273,392 $ 252,300 34 133 12 80 $ 9,280,359 Change -4.6% -1.8% 50.0% -40.6% -59.2% 10.0% 43.2%
Single Family Condo
Sold Price4th Qtr
20124th Qtr
2011 Sold Price4th Qtr
20124th Qtr
2011
$0 $99,999 1 1 $0 $99,999 2 1
$100,000 to $149,999 4 4 $100,000 to $149,999 3 5
$150,000 to $199,999 7 2 $150,000 to $199,999 5 2
$200,000 to $249,999 14 10 $200,000 to $249,999 2 2
$250,000 to $299,999 11 8 $250,000 to $299,999
$300,000 to $349,999 6 2 $300,000 to $349,999
$350,000 to $399,999 2 $350,000 to $399,999
$400,000 to $449,999 1 2 $400,000 to $449,999
$450,000 to $499,999 1 1 $450,000 to $499,999
$500,000 to $549,999 2 2 $500,000 to $549,999
$550,000 to $599,999 1 $550,000 to $599,999
Total 50 32 12 10
Lynden
Lynden
Average and Median Price ComparisonQuarterly Moving Average
Q1,07Q2,07Q3,07Q4,07Q1,08Q2,08Q3,08Q4,08Q1,09Q2,09Q3,09Q4,09Q1,10Q2,10Q3,10Q4,10Q1,11Q2,11Q3,11Q4,11Q1,12Q2,12Q3,12Q4,12
250,000
270,000
290,000
310,000
330,000
350,000
370,000
Single Family Homes Bellingham
AverageMedian
Clos
ed P
rice
From Top to Bottom to Now
4th Qtr. 2013 3rd Qtr. 2007
Chg from Top
1st Qtr. 2012
Chg from Bottom
Bellingham $ 312,403 $ 368,983 -15% $ 296,086 6%Sudden Valley $ 213,254 $ 294,550 -28% $ 228,216 -7%
Ferndale $ 293,005 $ 334,465 -12% $ 241,333 21%Blaine/Birch Bay $ 334,729 $ 324,735 3% $ 240,702 39%
Lynden $ 260,789 $ 332,647 -22% $ 259,560 0%Nooksack $ 220,972 $ 296,282 -25% $ 211,525 4%Mt. Baker $ 184,632 $ 167,944 10% $ 97,328 90%
Now
Top Bottom
Commercial/IndustrialWhatcom County
Current listings 161
Days on Market 433
Average List Price $712,142
Median Price $350,000
Current # of Pending Sales
4
Sold in 4th Qtr 2012 23
RE/MAX Whatcom County, Inc.
Real Estate Market UpdateFor
4th Quarter 2012