It's July 2021, & that means we are officially half-way through the year! As expected, the real estate market has been as hot as ever. We are continuing to see low inventory, & historically low mortgage rate. Properties are moving quickly, with just an average of 22 days on the market, and the Seller's Market continues its streak. All these factors combined are contributing to increasing sales prices, which averaged $627,000 in Whatcom County for the month of June. Bellingham listings were on the market for an average of 17 days - a 41% decrease from June 2021. The lack of inventory plays a large role in the increase of home prices. Home values rose through all Whatcom County markets - Ferndale saw the largest increase in average sold price with a 37% increase!

If the second half of your 2021 may involve buying or selling, now is a great time reach out to us for a free consultation to see how we can help you accomplish your goal!  

Dig into the details of the June 2021 Market Reports below or download the full report now.

 

Area Avg. Sold Price New Listings Active Listings Sold Listings
Whatcom County $627,000 422 260 351
Bellingham $697,000 179 87 141
Sudden Valley $555,000 25 4 32
Lynden $550,000 30 15 42
Ferndale $587,000 74 55 55
Birch Bay / Blaine / Point Roberts $479,000 77 56 67
Mount Baker / Deming $374,000 55 57 38

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Curious about local real estate? So are we! Every month we review trends in our real estate market and consider the number of homes on the market in each price tier, the amount of time particular homes have been listed for sale, specific neighborhood trends, the median price and square footage of each home sold and so much more. We’d love to invite you to do the same! Sign up for our email newsletter to receive these reports directly to your inbox!

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You can sign up here to receive your own market report, delivered as often as you like! It contains current information on pending, active and just sold properties so you can see actual homes in your neighborhood. You can review your area on a larger scale, as well, by refining your search to include properties across the city or county. As you notice price and size trends, please contact us for clarification or to have any questions answered.

We can definitely fill you in on details that are not listed on the report and help you determine the best home for you. If you are wondering if now is the time to sell, please try out our INSTANT home value tool. You’ll get an estimate on the value of your property in today’s market. Either way, we hope to hear from you soon as you get to know our neighborhoods and local real estate market better.