2016 End of Year Report

®

REAL ESTATS ≤

WHATCOM County Washington 2016

%≈

Overviews of Residential Real Estate Activity in Select Counties of Oregon and Washington • Since 1991

Whatcom County Washington 2016 with comparisons to past years © 1991-2017 Real Estats Inc, All Rights Reserved • Real Estats is a registered trademark To quote from Real Estats’ reports for distribution in any way, you must obtain rights to do so. Real Estats publishes reports in the following counties: Oregon Benton, Clackamas, Deschutes, Lane, Marion, Multnomah, Washington Washington Clark, King, Kitsap, Pierce, Skagit, Snohomish, Thurston, Whatcom

Data used: Recorded transactions from county records

REAL ESTATS, INC P O Box 74 Battle Ground, WA 98604-0074 360.798.4014 lam@realestats.net

Vol XXVI • No 12 www.realestats.net • 360.798.4014

©1991-2017 REAL ESTATS INC All Rights Reserved

®

REAL ESTATS ≤

WHATCOM County Washington 2016

%≈

Overviews of Residential Real Estate Activity in Select Counties of Oregon and Washington • Since 1991

HIGHLIGHTS December 2016     

(vs. prior month)

Residential sales volume: up 5% Residential transactions: down 1% Existing home transactions: down 5% New home transactions: up 25% Attached units sold: up 17%

Year-to-date 2016      

Residential sales volume: up 11% to $1.4 billion Residential transactions: up 4% to 4,399 Plexes (2-5 units) sales: down 20% to $30 million Land sales: up 21% to $93 million

250 New Single Family Detached 3,130 Existing Homes 677 Condos and Townhomes

Commercial volume: down 23% to $218 million Average residence: $320,126, up 7%

Foreclosed Single Family Detached Sales      

Sold in 2016

(vs. Year-to-date 2015)

(vs. 2015)

6.1 sold monthly, down 58% Average sale price: $223,751, up 9% Average $/SF: $132.50, up 5% and 32% less than non-foreclosed sales 45 properties are in some state of foreclosure, up 25% from a year ago 2.3% of existing home sales were foreclosed properties 21 properties in foreclosure represent 4% of the homes for sale

New Single Family Homes (vs. Year-to-date 2015)       

Average sale price: $399,889, up 12% Median sale price: $363,500, up 9% The average $/SF: $196.39, up 10% New homes represent 8% of volume and 7% of units recorded 250 sold vs. 291 sold last year, down 14%; volume: down 4% to $100 million Best range: $300,001 - $350,000 with 4.4 sales per month Inventory represents 2.7 months of supply, a sellers’ market

12 homes built from 1910 to 2013 were classified as existing though marked by county as new Vol XXVI • No 12 LAM@realestats.net • 360.798.4014

©1991-2017 REAL ESTATS INC All Rights Reserved

®

REAL ESTATS ≤

%≈

Overviews of Residential Real Estate Activity in Select Counties of Oregon and Washington • Since 1991

HIGHLIGHTS

WHATCOM County Washington 2016

(continued)

Existing Homes (vs. Year-to-date 2015)       

Units sold: up 3%; volume: up 11% to $1.1 billion 3,130 units sold this year vs. 3,047 last year Average price: $349,089, up 8% Half the homes (median) sold for more than $314,500, up 11% Average $/SF for homes sold at $194.40 (all sales), up 4% Best range: $300,001 - $350,000 with 43.8 recorded monthly Inventory represents 1.3 months of supply, a strong sellers’ market

Attached (vs. Year-to-date 2015) Includes townhome, row home, and commons and <3,000 SF lots         

Average sale price: $214,264, up 5%; Median $188,000, up 4% Existing median: $183,100, up 2%; New median: $304,950, up 13% 677 sold vs. 540, up 25% (5% new, 36 units); volume: up 31% to $145 million Average $/SF, Existing: $194.64, up 6% from last year’s average Average $/SF, New: $243.87, up 43% Best range, existing: $35,000 - $175,000 with 24.5 monthly Existing inventory represents 1 month of supply, a strong sellers’ market Best range, new: $300,001 - $350,000 with 1.3 per month New inventory represents 3.3 months of supply, a sellers’ market, however the price ranges with inventory have two years or more of supply, a very strong buyers’ market

Subdivisions (vs. 2015)       

The average lot sold for $100,574, up 32% Half the lots (median) sold for less than $85,750, up 14% 34.4 sold vs. 37.4 monthly last year, down 8% Best range: $75,001 - $100,000 with 9 recorded monthly, down 11% The average lot represents 25.2% of the average new home; 23.6% median to median 13.9 acreage lots sold monthly vs. 14.3 monthly last year, down 2% The average acreage lot sold for $132,469, down 14%; average/acre: $43,821, down 21%

Comments December’s recordings were down a little from last year and last month. Still, 2016 was the best year since 2006. With inventory strongly in the sellers’ camp, except for new condominiums, prices will continue to rise. While still historically low, mortgage rates will move up more than short rates as the year progresses. The very strong stock market will also give housing a boost.

Vol XXVI • No 12 www.realestats.net • 360.798.4014

©1991-2017 REAL ESTATS INC All Rights Reserved

®

REAL ESTATS ≤

WHATCOM County Washington 2016

%≈

Overviews of Residential Real Estate Activity in Select Counties of Oregon and Washington • Since 1991

Top Subdivisions/Projects by Units Recorded Year-to-date Rank #

Subdivision/Project

#

Total Volume

Short Plat/Lot Line Adj

21

$9,175,414

$790,000

1

Larrabee Springs

26

$7,570,127

2

The Commons @ Cordata

18

3

North Prairie

4

Village @ King Mountain

5 6

Average Price

Average $/SF

% Mkt $

$226,600

$436,924

$208.76

7.3%

$315,999

$269,900

$291,159

$226.24

9.1%

$5,376,135

$327,260

$263,900

$298,674

$238.63

6.3%

16

$5,948,857

$450,000

$246,000

$371,804

$175.64

5.6%

12

$4,539,032

$440,000

$310,000

$378,253

$198.10

4.2%

Larsens Church Hill Estates

10

$3,478,824

$388,924

$320,000

$347,882

$173.98

3.5%

West Cedar Park

10

$2,835,000

$300,000

$255,000

$283,500

$197.67

3.5%

High Price Low Price

7

Gill

8

$2,401,124

$314,000

$286,000

$300,141

$142.59

2.8%

8

Liberty Park

7

$2,422,263

$377,300

$229,963

$346,038

$200.60

2.4%

9

Birch Street

6

$3,046,030

$563,361

$470,000

$507,672

$237.81

2.1%

10

Heron Crest

6

$2,635,174

$475,000

$409,000

$439,196

$207.99

2.1%

11

Halice Court

6

$2,412,300

$419,900

$379,500

$402,050

$206.84

2.1%

12

Sudden Valley

6

$2,314,500

$550,000

$332,000

$385,750

$173.56

2.1%

13

Birch Bay Village

5

$2,436,228

$842,528

$329,900

$487,246

$203.39

1.7%

14

Peabody Street Seven

5

$2,034,700

$430,000

$330,000

$406,940

$252.64

1.7%

15

Malibu Estates

5

$2,016,680

$457,880

$354,800

$403,336

$157.77

1.7%

16

Maple Ridge

5

$1,662,900

$345,000

$310,000

$332,580

$174.08

1.7%

17

Harbor Shores

5

$1,599,750

$364,000

$198,000

$319,950

$181.35

1.7%

18

Raspberry Ridge View

5

$1,577,500

$325,000

$305,000

$315,500

$177.85

1.7%

19

Berryland Estates

4

$1,564,500

$428,500

$365,000

$391,125

$184.60

1.4%

20

Halleck Street Short

3

$1,369,700

$459,900

$449,900

$456,567

$304.38

1.0%

21

Pioneer Meadows

3

$1,167,900

$389,900

$389,000

$389,300

$166.33

1.0%

22

Belmont

3

$1,150,250

$412,450

$338,900

$383,417

$259.54

1.0%

23

Pacific Highlands

3

$1,053,500

$374,500

$330,000

$351,167

$186.98

1.0%

24

Creekside Cove

3

$1,009,000

$341,000

$327,000

$336,333

$165.74

1.0%

25

Anderson Park

3

$831,500

$283,400

$266,000

$277,167

$190.39

1.0%

26

Wildwood Resort Condo

3

$412,495

$140,322

$134,673

$137,498

$344.61

1.0%

27

Cottages @ Seabright Farms

2

$2,967,113

$383.55

0.7%

28

Pine Crest

2

$1,730,000

$870,000

$860,000

$865,000

$220.13

0.7%

29

South Geneva

2

$1,280,000

$740,000

$540,000

$640,000

$202.00

0.7%

30

Village on the Green

2

$1,173,000

$625,000

$548,000

$586,500

$203.93

0.7%

TOTAL

215

$72,016,082 $1,704,658 $134,673

$334,959

$202.37

75.2%

Vol XXVI • No 12 LAM@realestats.net • 360.798.4014

$1,704,658 $1,262,455 $1,483,557

©1991-2017 REAL ESTATS INC All Rights Reserved

®

REAL ESTATS ≤

WHATCOM County Washington 2016

%≈

Overviews of Residential Real Estate Activity in Select Counties of Oregon and Washington • Since 1991

Top Subdivisions/Projects by Dollar Volume Recorded Year-to-date Rank $

Subdivision/Project

#

Total Volume

Average Price

Average $/SF

% Mkt $

Short Plat/Lot Line Adj

21

$9,175,414

$790,000

$226,600

$436,924

$208.76

8.2%

1

Larrabee Springs

26

$7,570,127

$315,999

$269,900

$291,159

$226.24

6.7%

2

North Prairie

16

$5,948,857

$450,000

$246,000

$371,804

$175.64

5.3%

3

The Commons @ Cordata

18

$5,376,135

$327,260

$263,900

$298,674

$238.63

4.8%

4

Village @ King Mountain

12

$4,539,032

$440,000

$310,000

$378,253

$198.10

4.0%

5

Larsens Church Hill Estates

10

$3,478,824

$388,924

$320,000

$347,882

$173.98

3.1%

6

Birch Street

6

$3,046,030

$563,361

$470,000

$507,672

$237.81

2.7%

7

Cottages @ Seabright Farms

2

$2,967,113

$383.55

2.6%

8

West Cedar Park

10

$2,835,000

$300,000

$255,000

$283,500

$197.67

2.5%

9

Heron Crest

6

$2,635,174

$475,000

$409,000

$439,196

$207.99

2.3%

10

Birch Bay Village

5

$2,436,228

$842,528

$329,900

$487,246

$203.39

2.2%

11

Liberty Park

7

$2,422,263

$377,300

$229,963

$346,038

$200.60

2.2%

12

Halice Court

6

$2,412,300

$419,900

$379,500

$402,050

$206.84

2.1%

13

Gill

8

$2,401,124

$314,000

$286,000

$300,141

$142.59

2.1%

14

Sudden Valley

6

$2,314,500

$550,000

$332,000

$385,750

$173.56

2.1%

15

Peabody Street Seven

5

$2,034,700

$430,000

$330,000

$406,940

$252.64

1.8%

16

Malibu Estates

5

$2,016,680

$457,880

$354,800

$403,336

$157.77

1.8%

17

Pine Crest

2

$1,730,000

$870,000

$860,000

$865,000

$220.13

1.5%

18

Maple Ridge

5

$1,662,900

$345,000

$310,000

$332,580

$174.08

1.5%

19

Harbor Shores

5

$1,599,750

$364,000

$198,000

$319,950

$181.35

1.4%

20

Raspberry Ridge View

5

$1,577,500

$325,000

$305,000

$315,500

$177.85

1.4%

21

Berryland Estates

4

$1,564,500

$428,500

$365,000

$391,125

$184.60

1.4%

22

Halleck Street Short

3

$1,369,700

$459,900

$449,900

$456,567

$304.38

1.2%

23

South Geneva

2

$1,280,000

$740,000

$540,000

$640,000

$202.00

1.1%

High Price Low Price

$1,704,658 $1,262,455 $1,483,557

24

Seagrass

1

$1,216,674

$409.24

1.1%

25

Village on the Green

2

$1,173,000

$625,000

$548,000

$586,500

$203.93

1.0%

26

Pioneer Meadows

3

$1,167,900

$389,900

$389,000

$389,300

$166.33

1.0%

27

Belmont

3

$1,150,250

$412,450

$338,900

$383,417

$259.54

1.0%

28

The Highlands

2

$1,107,440

$567,490

$539,950

$553,720

$255.57

1.0%

29

Wildwood Hills

2

$1,067,525

$650,525

$417,000

$533,763

$182.32

1.0%

30

Pacific Highlands

3

$1,053,500

$374,500

$330,000

$351,167

$186.98

0.9%

TOTAL

211

$73,154,726 $1,704,658 $198,000

$346,705

$202.37

73.4%

Vol XXVI • No 12 www.realestats.net • 360.798.4014

$1,216,674 $1,216,674 $1,216,674

©1991-2017 REAL ESTATS INC All Rights Reserved

®

REAL ESTATS ≤

WHATCOM County Washington 2016

%≈

Overviews of Residential Real Estate Activity in Select Counties of Oregon and Washington • Since 1991

Top Builders by Units Recorded Year-to-date Rank #

Seller

#

Total Volume

1

Larrabee Springs Inc

26

$7,570,127

High Price Low Price $315,999

$269,900

Average Price

Average $/SF

% Mkt $

$291,159

$226.24

9.1%

2

Cordata Green LLC

16

$4,760,640

$327,260

$263,900

$297,540

$243.92

5.6%

3

Alliance Properties 2000 LLC

11

$4,189,032

$440,000

$310,000

$380,821

$198.61

3.8%

4

Skeers Construction Inc

9

$4,778,853

$625,383

$470,000

$530,984

$241.66

3.1%

5

West Cedar Park LLC

9

$2,535,500

$300,000

$255,000

$281,722

$196.85

3.1%

6

Rubicon Idc LLC

8

$3,558,774

$540,100

$389,000

$444,847

$184.59

2.8%

7

Summit View Construction NW LLC

8

$2,401,124

$314,000

$286,000

$300,141

$142.59

2.8%

8

Roesiger North LLC

5

$2,034,700

$430,000

$330,000

$406,940

$252.64

1.7%

9

Wiemar Development LLP

5

$2,017,300

$419,900

$379,500

$403,460

$206.25

1.7%

10

Roosendaal Honcoop Inc

5

$1,817,300

$377,300

$354,900

$363,460

$207.87

1.7%

11

Greenbriar Construction Corp

4

$1,505,250

$412,450

$338,900

$376,313

$241.41

1.4%

12

Whatcom Homes LLC

4

$1,358,000

$360,000

$320,000

$339,500

$183.18

1.4%

13

Everkept Construction Inc

4

$1,097,420

$292,520

$246,000

$274,355

$181.19

1.4%

14

Halleck Street Partners LLC

3

$1,369,700

$459,900

$449,900

$456,567

$304.38

1.0%

15

Tyler Carlson Homes LLC

3

$1,276,880

$457,880

$390,000

$425,627

$143.45

1.0%

16

Hazelnut Way LLC

3

$1,101,300

$434,800

$322,500

$367,100

$186.45

1.0%

17

Savchuk Sergey & Svetlana

3

$1,027,000

$350,000

$332,000

$342,333

$149.52

1.0%

18

Phj Enterprises LLC

3

$1,009,000

$341,000

$327,000

$336,333

$165.74

1.0%

19

Dj & Dj Contracting Inc

3

$977,750

$445,000

$198,000

$325,917

$173.13

1.0%

20

Lake Whatcom Resort Ptshp

3

$412,495

$140,322

$134,673

$137,498

$344.61

1.0%

21

Orca Shores LLC

2

$2,967,113

$383.55

0.7%

22

Barkley North LLC

2

$1,173,000

$203.93

0.7%

23

Rks Development Inc

2

$1,067,525

$650,525

$417,000

$533,763

$182.32

0.7%

24

Handy Homes LLC

2

$922,500

$467,500

$455,000

$461,250

$186.14

0.7%

25

D & L Construction Llp

2

$897,900

$580,000

$317,900

$448,950

$220.37

0.7%

26

Navis Construction Services

2

$821,000

$450,000

$371,000

$410,500

$187.35

0.7%

27

Unruh Construction Inc

2

$778,900

$389,900

$389,000

$389,450

$166.73

0.7%

28

T-squared Inc

2

$753,337

$415,000

$338,337

$376,669

$168.03

0.7%

29

Arneson Trust

2

$738,500

$373,500

$365,000

$369,250

$200.95

0.7%

30

Cummins Builders LLC

2

$703,000

$354,000

$349,000

$351,500

$190.93

0.7%

TOTAL

155

$57,620,920 $1,704,658 $134,673

$371,748

$202.37

54.2%

Vol XXVI • No 12 LAM@realestats.net • 360.798.4014

$1,704,658 $1,262,455 $1,483,557 $625,000

$548,000

$586,500

©1991-2017 REAL ESTATS INC All Rights Reserved

®

REAL ESTATS ≤

WHATCOM County Washington 2016

%≈

Overviews of Residential Real Estate Activity in Select Counties of Oregon and Washington • Since 1991

Top Builders by Dollar Volume Recorded Year-to-date Rank $

Seller

#

Total Volume

1

Larrabee Springs Inc

26

$7,570,127

$315,999

2

Skeers Construction Inc

9

$4,778,853

$625,383

3

Cordata Green LLC

16

$4,760,640

4

Alliance Properties 2000 LLC

11

$4,189,032

Average Price

Average $/SF

% Mkt $

$269,900

$291,159

$226.24

6.7%

$470,000

$530,984

$241.66

4.3%

$327,260

$263,900

$297,540

$243.92

4.2%

$440,000

$310,000

$380,821

$198.61

3.7%

$540,100

$389,000

$444,847

High Price Low Price

5

Rubicon Idc LLC

8

$3,558,774

6

Orca Shores LLC

2

$2,967,113

7

West Cedar Park LLC

9

$2,535,500

$300,000

$255,000

8

Summit View Construction NW LLC

8

$2,401,124

$314,000

$286,000

$184.59

3.2%

$383.55

2.6%

$281,722

$196.85

2.3%

$300,141

$142.59

2.1%

$1,704,658 $1,262,455 $1,483,557

9

Roesiger North LLC

5

$2,034,700

$430,000

$330,000

$406,940

$252.64

1.8%

10

Wiemar Development LLP

5

$2,017,300

$419,900

$379,500

$403,460

$206.25

1.8%

11

Roosendaal Honcoop Inc

5

$1,817,300

$377,300

$354,900

$363,460

$207.87

1.6%

12

Greenbriar Construction Corp

4

$1,505,250

$412,450

$338,900

$376,313

$241.41

1.3%

13

Halleck Street Partners LLC

3

$1,369,700

$459,900

$449,900

$456,567

$304.38

1.2%

14

Whatcom Homes LLC

4

$1,358,000

$360,000

$320,000

$339,500

$183.18

1.2%

15

Tyler Carlson Homes LLC

3

$1,276,880

$457,880

$390,000

$425,627

$143.45

1.1%

16

Dbw Whatcom LLC

1

$1,216,674

$409.24

1.1%

17

Barkley North LLC

2

$1,173,000

$625,000

$548,000

$586,500

$203.93

1.0%

18

Hazelnut Way LLC

3

$1,101,300

$434,800

$322,500

$367,100

$186.45

1.0%

19

Everkept Construction Inc

4

$1,097,420

$292,520

$246,000

$274,355

$181.19

1.0%

20

Rks Development Inc

2

$1,067,525

$650,525

$417,000

$533,763

$182.32

1.0%

21

Savchuk Sergey & Svetlana

3

$1,027,000

$350,000

$332,000

$342,333

$149.52

0.9%

$1,216,674 $1,216,674 $1,216,674

22

Phj Enterprises LLC

3

$1,009,000

$341,000

$327,000

$336,333

$165.74

0.9%

23

Dj & Dj Contracting Inc

3

$977,750

$445,000

$198,000

$325,917

$173.13

0.9%

24

K & S Ventures LLC

1

$949,000

$949,000

$949,000

$949,000

$214.12

0.8%

25

Handy Homes LLC

2

$922,500

$467,500

$455,000

$461,250

$186.14

0.8%

26

D & L Construction Llp

2

$897,900

$580,000

$317,900

$448,950

$220.37

0.8%

27

Cyrus Mclean Family Lp

1

$875,000

$875,000

$875,000

$875,000

$268.73

0.8%

28

Wiersma Wes & Erin

1

$870,000

$870,000

$870,000

$870,000

$220.70

0.8%

29

Anderson Roger & Jodi

1

$860,000

$860,000

$860,000

$860,000

$219.56

0.8%

30

Chan Anson & Garear

1

$842,528

$842,528

$842,528

$842,528

$211.80

0.8%

TOTAL

148

$59,026,890 $1,704,658 $198,000

$398,830

$202.37

52.6%

Vol XXVI • No 12 www.realestats.net • 360.798.4014

©1991-2017 REAL ESTATS INC All Rights Reserved

®

REAL ESTATS ≤

WHATCOM County Washington 2016

%≈

Overviews of Residential Real Estate Activity in Select Counties of Oregon and Washington • Since 1991

Bar Chart of Monthly Residential Sales 2010

2011

2012

2013

2014

2015

2016

550

500

450

400

350

300

250

200

150

100

50 Jan

Feb

Mar

Apr

Vol XXVI • No 12 LAM@realestats.net • 360.798.4014

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

©1991-2017 REAL ESTATS INC All Rights Reserved

®

REAL ESTATS ≤

WHATCOM County Washington 2016

%≈

Overviews of Residential Real Estate Activity in Select Counties of Oregon and Washington • Since 1991

Average Monthly Price of Residential Recordings $350,000

$325,000

Dec ‘16 $340,603

Oct ‘06 - $324,976

$300,000

$275,000

$250,000

$225,000 Feb ‘12 $224,129

$200,000

Vol XXVI • No 12 www.realestats.net • 360.798.4014

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REAL ESTATS ≤

%≈

Overviews of Residential Real Estate Activity in Select Counties of Oregon and Washington • Since 1991

WHATCOM County Washington 2016

There are currently 490 residences for sale and since 320 sold in December, they represent a 1.5 month supply, down from last month. Inventory source: http://www.redfin.com/homepage

Weekly Residential Inventory 2,600 2,400 2,200 2,000 1,800 1,600 1,400 1,200 1,000 800 600 400

Vol XXVI • No 12 LAM@realestats.net • 360.798.4014

©1991-2017 REAL ESTATS INC All Rights Reserved

®

REAL ESTATS ≤

WHATCOM County Washington 2016

%≈

Overviews of Residential Real Estate Activity in Select Counties of Oregon and Washington • Since 1991

REO Sales as % of Existing Homes Sold 2010

2011

2012

2013

2014

2015

2016

Month

#

% of All Sold

#

% of All Sold

#

% of All Sold

#

% of All Sold

#

% of All Sold

#

% of All Sold

#

% of All Sold

Jan

17

15.9%

19

19.8%

21

17.5%

29

24.2%

14

10.9%

21

13.0%

7

5.7%

Feb

23

18.9%

17

19.1%

23

21.9%

20

15.7%

18

13.4%

23

13.1%

8

4.6%

Mar

24

13.3%

26

19.0%

22

12.8%

17

9.8%

37

18.4%

28

11.9%

5

2.1%

Apr

20

11.4%

33

21.3%

19

13.4%

19

10.1%

22

12.7%

23

8.2%

6

2.2%

May

20

11.0%

27

17.4%

24

12.3%

20

8.5%

17

7.7%

14

4.9%

7

2.2%

Jun

16

8.7%

23

13.1%

13

6.2%

23

9.4%

22

7.8%

17

4.9%

7

2.0%

Jul

15

10.2%

17

10.1%

15

7.5%

18

6.7%

17

7.0%

7

2.2%

4

1.3%

Aug

18

11.5%

25

12.4%

12

5.7%

16

6.3%

11

4.0%

11

3.5%

2

0.6%

Sep

19

12.7%

29

16.2%

17

8.9%

14

6.7%

24

10.1%

11

4.0%

2

0.6%

Oct

23

16.3%

26

17.2%

26

12.9%

22

9.6%

15

5.8%

2

0.8%

6

2.6%

Nov

20

15.9%

26

18.8%

12

6.7%

18

11.2%

13

6.9%

7

3.8%

9

4.0%

Dec

32

21.3%

27

17.4%

12

6.5%

19

10.6%

20

10.0%

11

4.7%

10

4.6%

Total

247

13.6%

295

16.4%

216

10.2%

235

9.8%

230

9.1%

175

5.7%

73

2.3%

Change

Avg $/SF

Change

Change

Change

Change

Change

Change

$135.13

-7.1%

$127.23

-5.8%

$131.42

3.3%

$128.12

-2.5%

$133.45

4.2%

$126.20

-5.4%

$132.50

5.0%

Average $ $214,662

-5.6%

$196,850

-8.3%

$199,069

1.1%

$193,616

-2.7%

$201,329

4.0%

$204,587

1.6%

$223,751

9.4%

Vol XXVI • No 12 www.realestats.net • 360.798.4014

©1991-2017 REAL ESTATS INC All Rights Reserved

®

REAL ESTATS ≤

WHATCOM County Washington 2016

%≈

Overviews of Residential Real Estate Activity in Select Counties of Oregon and Washington • Since 1991

Four Years-to-date Compared County Records

Jan-Dec 2013

Ch '13 vs '12

Jan-Dec 2014

Ch '14 vs '13

Jan-Dec 2015

Ch '15 vs '14

Jan-Dec 2016

Ch '16 vs '15

Existing Residences

$706,598,404

15.6%

$769,282,842

8.9%

$985,118,552

28.1%

$1,092,648,409

10.9%

# In County

2,395

13.5%

2,540

6.1%

3,047

20.0%

3,130

2.7%

Largest

$2,100,000

7.7%

$2,250,000

7.1%

$3,000,000

33.3%

$2,150,000

-28.3%

Average

$295,031

1.8%

$302,867

2.7%

$323,308

6.7%

$349,089

8.0%

Median

$259,180

4.0%

$260,667

0.6%

$283,033

8.6%

$314,500

11.1%

Average $/SF

$180.14

2.5%

$187.83

4.3%

$186.14

-0.9%

$194.40

4.4%

New Construction

$81,004,098

26.4%

$93,323,419

15.2%

$104,097,795

11.5%

$99,972,266

-4.0%

# In County

258

14.2%

278

7.8%

291

4.7%

250

-14.1%

Largest

$836,000

44.1%

$1,040,000

24.4%

$789,500

-24.1%

$1,704,658

115.9%

Average

$313,969

10.7%

$335,696

6.9%

$357,724

6.6%

$399,889

11.8%

Median

$298,529

9.5%

$312,106

4.5%

$335,096

7.4%

$363,500

8.5%

% Of $ New

10.3%

8.4%

10.8%

5.2%

9.6%

-11.7%

8.4%

-12.3%

% Of Units New

9.7%

0.5%

9.9%

1.4%

8.7%

-11.6%

7.4%

-15.2%

Condominiums

$93,986,611

22.2%

$92,763,926

-1.3%

$110,763,184

19.4%

$145,056,488

31.0%

# In County

445

14.7%

440

-1.1%

540

22.7%

677

25.4%

Average

$211,206

6.6%

$210,827

-0.2%

$205,117

-2.7%

$214,264

4.5%

Mobile Homes

$32,472,604

39.8%

$33,405,722

2.9%

$38,350,906

14.8%

$47,186,387

23.0%

# in County

248

22.2%

250

0.8%

260

4.0%

269

3.5%

Plexes

$37,473,955

-6.3%

$38,610,751

3.0%

$37,936,514

-1.7%

$30,258,826

-20.2%

# Buildings

106

-2.8%

104

-1.9%

99

-4.8%

73

-26.3%

Units

259

-2.6%

265

2.3%

240

-9.4%

182

-24.2%

Average Unit

$144,687

-3.8%

$145,701

0.7%

$158,069

8.5%

$166,257

5.2%

Total Volume (Residential)

$951,535,672

16.7%

$1,027,386,660

8.0%

$1,276,266,951

24.2%

$1,415,122,376

10.9%

# In County

3,452

13.7%

3,612

4.6%

4,237

17.3%

4,399

3.8%

Average Res'l Unit (No Plexes)

$273,180

3.1%

$281,863

3.2%

$299,258

6.2%

$320,126

7.0%

Land

$88,690,078

7.2%

$76,498,856

-13.7%

$76,788,205

0.4%

$93,144,151

21.3%

# In County

742

14.7%

703

-5.3%

630

-10.4%

601

-4.6%

Largest

$5,880,000

58.9%

$3,100,000

-47.3%

$1,600,000

-48.4%

$3,493,925

118.4%

Average

$119,528

-6.5%

$108,818

-9.0%

$121,886

12.0%

$154,982

27.2%

Commercial

$208,833,146

-43.1%

$452,602,455

116.7%

$282,640,836

-37.6%

$217,750,885

-23.0%

# In County

273

12.8%

273

0.0%

237

-13.2%

214

-9.7%

Grand Total Volume

$1,249,058,896

-1.3%

$1,556,487,971

24.6%

$1,635,695,992

5.1%

$1,726,017,412

5.5%

Total # In County

4,467

13.8%

4,588

2.7%

5,104

11.2%

5,214

2.2%

Vol XXVI • No 12 LAM@realestats.net • 360.798.4014

©1991-2017 REAL ESTATS INC All Rights Reserved

®

REAL ESTATS ≤

%≈

Overviews of Residential Real Estate Activity in Select Counties of Oregon and Washington • Since 1991

WHATCOM County Washington 2016

Projections for 2016 (in italics) Overall sales were down by units and dollars recorded from last October which indicates flat to lower sales for 2016. Existing values increased while the dollars per square foot dropped. Recorded sales were up 4% as were the dollars per square foot Real Estats expects sales of existing single family homes to record close to 3,000 units this year. New single family detached could record 290 units. Existing homes did exceed 3,000 with 3,130 New single family detached only recorded 250 units Overall residential sales will be flat with higher prices. Overall residential prices were up 7% with recordings up 4%

Vol XXVI • No 12 LAM@realestats.net • 360.798.4014

©1991-2017 REAL ESTATS INC All Rights Reserved

®

REAL ESTATS ≤

WHATCOM County Washington 2016

%≈

Overviews of Residential Real Estate Activity in Select Counties of Oregon and Washington • Since 1991

January Compared County Records

Jan '13

Ch '13 vs. '12

Jan '14

Ch '14 vs. '13

Jan '15

Ch '15 vs. '14

Jan '16

Ch '16 vs. '15

Existing Residences

$32,949,699

1.7%

$35,950,928

9.1%

$45,710,131

27.1%

$37,576,948

-17.8%

# In County

120

0.0%

129

7.5%

162

25.6%

122

-24.7%

Largest

$1,200,000

4.3%

$1,287,000

7.3%

$830,000

-35.5%

$940,000

13.3%

Average

$274,581

1.7%

$278,689

1.5%

$282,161

1.2%

$308,008

9.2%

Median

$245,750

7.9%

$235,000

-4.4%

$265,000

12.8%

$280,000

5.7%

Average $/SF

$168.62

3.7%

$182.14

8.0%

$176.25

-3.2%

$175.11

-0.6%

New Construction

$2,592,300

-10.2%

$4,171,118

60.9%

$6,698,400

60.6%

$4,109,583

-38.6%

# In County

8

-27.3%

14

75.0%

21

50.0%

12

-42.9%

Largest

$570,000

52.0%

$424,950

-25.4%

$580,000

36.5%

$540,100

-6.9%

Average

$324,038

23.4%

$297,937

-8.1%

$318,971

7.1%

$342,465

7.4%

Median

$257,750

-4.2%

$306,450

18.9%

$294,900

-3.8%

$330,000

11.9%

% Of $ New

7.3%

-10.9%

10.4%

42.5%

12.8%

22.9%

9.9%

-22.9%

% Of Units New

6.3%

-25.6%

9.8%

56.6%

11.5%

17.2%

9.0%

-22.0%

Condominiums

$4,522,401

58.7%

$5,942,881

31.4%

$3,705,366

-37.7%

$4,732,720

27.7%

# In County

22

57.1%

25

13.6%

20

-20.0%

29

45.0%

Average

$205,564

1.0%

$237,715

15.6%

$185,268

-22.1%

$163,197

-11.9%

Mobile Homes

$1,602,602

-15.7%

$1,585,930

-1.0%

$1,251,843

-21.1%

$1,835,795

46.6%

# in County

11

-26.7%

11

0.0%

8

-27.3%

13

62.5%

Plexes

$2,575,500

161.7%

$1,342,930

-47.9%

$3,491,337

160.0%

$2,426,750

-30.5%

# Buildings

8

100.0%

4

-50.0%

8

100.0%

6

-25.0%

Units

19

90.0%

8

-57.9%

19

137.5%

16

-15.8%

Average Unit Total Volume (Residential) # In County Average Res'l Unit (No Plexes) Land

$135,553

37.8%

$167,866

23.8%

$183,755

9.5%

$151,672

-17.5%

$44,242,502

7.9%

$48,993,787

10.7%

$60,857,077

24.2%

$50,681,796

-16.7%

169

3.0%

183

8.3%

219

19.7%

182

-16.9%

$258,801

3.4%

$266,206

2.9%

$271,876

2.1%

$274,176

0.8%

$13,760,000

103.2%

$7,918,276

-42.5%

$7,394,732

-6.6%

$6,310,781

-14.7%

# In County

38

-11.6%

58

52.6%

51

-12.1%

41

-19.6%

Largest

$5,880,000

58.9%

$855,000

-85.5%

$700,000

-18.1%

$1,550,000

121.4%

Average

$362,105

129.9%

$136,522

-62.3%

$144,995

6.2%

$153,921

6.2%

Commercial

$26,187,821

-35.1%

$16,444,100

-37.2%

$20,926,914

27.3%

$15,230,461

-27.2%

# In County

22

46.7%

29

31.8%

18

-37.9%

19

5.6%

Grand Total Volume

$84,190,323

-4.5%

$73,356,163

-12.9%

$89,178,723

21.6%

$72,223,038

-19.0%

Total # In County

229

3.2%

270

17.9%

288

6.7%

242

-16.0%

Vol XXVI • No 12 www.realestats.net • 360.798.4014

©1991-2017 REAL ESTATS INC All Rights Reserved

®

REAL ESTATS ≤

WHATCOM County Washington 2016

%≈

Overviews of Residential Real Estate Activity in Select Counties of Oregon and Washington • Since 1991

February Compared County Records

Feb '13

Ch '13 vs. '12

Feb '14

Ch '14 vs. '13

Feb '15

Ch '15 vs. '14

Feb '16

Ch '16 vs. '15

Existing Residences

$31,431,009

24.4%

$34,988,536

11.3%

$50,413,635

44.1%

$58,713,825

16.5%

# In County

127

21.0%

134

5.5%

175

30.6%

173

-1.1%

Largest

$793,000

32.6%

$837,500

5.6%

$1,425,000

70.1%

$1,250,000

-12.3%

Average

$247,488

2.8%

$261,108

5.5%

$288,078

10.3%

$339,386

17.8%

Median

$230,000

4.5%

$235,000

2.2%

$258,500

10.0%

$305,000

18.0%

Average $/SF

$163.77

7.7%

$171.53

4.7%

$175.72

2.4%

$180.83

2.9%

New Construction

$4,982,482

121.9%

$4,208,372

-15.5%

$4,307,817

2.4%

$4,723,796

9.7%

# In County

17

88.9%

14

-17.6%

13

-7.1%

13

0.0%

Largest

$485,000

36.6%

$450,000

-7.2%

$595,000

32.2%

$525,000

-11.8%

Average

$293,087

17.5%

$300,598

2.6%

$331,371

10.2%

$363,369

9.7%

Median

$269,900

17.4%

$297,500

10.2%

$330,000

10.9%

$354,900

7.5%

% Of $ New

13.7%

67.6%

10.7%

-21.5%

7.9%

-26.7%

7.4%

-5.4%

% Of Units New

11.8%

49.5%

9.5%

-19.9%

6.9%

-26.9%

7.0%

1.1%

Condominiums

$6,056,555

29.7%

$5,767,734

-4.8%

$4,513,194

-21.8%

$5,779,850

28.1%

# In County

29

31.8%

24

-17.2%

26

8.3%

33

26.9%

Average

$208,847

-1.6%

$240,322

15.1%

$173,584

-27.8%

$175,147

0.9%

Mobile Homes

$2,252,449

56.9%

$2,054,000

-8.8%

$1,894,460

-7.8%

$2,267,200

19.7%

# in County

19

35.7%

12

-36.8%

16

33.3%

11

-31.3%

Plexes

$1,982,000

51.4%

$2,991,300

50.9%

$3,850,000

28.7%

$2,193,300

-43.0%

# Buildings

5

0.0%

7

40.0%

7

0.0%

6

-14.3%

Units

15

50.0%

18

20.0%

17

-5.6%

13

-23.5%

Average Unit Total Volume (Residential) # In County Average Res'l Unit (No Plexes) Land

$132,133

0.9%

$166,183

25.8%

$226,471

36.3%

$168,715

-25.5%

$46,704,495

33.7%

$50,009,942

7.1%

$64,979,106

29.9%

$73,677,971

13.4%

197

27.1%

191

-3.0%

237

24.1%

236

-0.4%

$232,930

3.9%

$255,536

9.7%

$265,779

4.0%

$310,803

16.9%

$4,572,781

-37.5%

$7,098,421

55.2%

$7,859,392

10.7%

$6,118,025

-22.2%

# In County

50

51.5%

45

-10.0%

47

4.4%

35

-25.5%

Largest

$385,000

-84.7%

$3,100,000

705.2%

$872,111

-71.9%

$767,000

-12.1%

Average

$91,456

-58.7%

$157,743

72.5%

$167,221

6.0%

$174,801

4.5%

Commercial

$12,763,923

107.2%

$11,912,154

-6.7%

$11,093,630

-6.9%

$15,711,193

41.6%

# In County

22

22.2%

14

-36.4%

16

14.3%

16

0.0%

Grand Total Volume

$64,041,199

32.3%

$69,020,517

7.8%

$83,932,128

21.6%

$95,507,189

13.8%

Total # In County

269

30.6%

250

-7.1%

300

20.0%

287

-4.3%

Vol XXVI • No 12 LAM@realestats.net • 360.798.4014

©1991-2017 REAL ESTATS INC All Rights Reserved

®

REAL ESTATS ≤

WHATCOM County Washington 2016

%≈

Overviews of Residential Real Estate Activity in Select Counties of Oregon and Washington • Since 1991

March Compared County Records

Mar '13

Ch '13 vs. '12

Mar '14

Ch '14 vs. '13

Mar '15

Ch '15 vs. '14

Mar '16

Ch '16 vs. '15

Existing Residences

$46,496,100

-5.2%

$55,850,107

20.1%

$71,498,509

28.0%

$84,214,638

17.8%

# In County

174

1.2%

201

15.5%

236

17.4%

242

2.5%

Largest

$725,000

-62.8%

$2,250,000

210.3%

$1,100,000

-51.1%

$2,075,000

88.6%

Average

$267,219

-6.3%

$277,861

4.0%

$302,960

9.0%

$347,994

14.9%

Median

$245,500

0.4%

$248,500

1.2%

$270,000

8.7%

$304,000

12.6%

Average $/SF

$172.09

-3.6%

$179.27

4.2%

$187.65

4.7%

$184.22

-1.8%

New Construction

$8,303,724

9.1%

$9,160,800

10.3%

$9,517,211

3.9%

$9,639,583

1.3%

# In County

27

0.0%

25

-7.4%

26

4.0%

26

0.0%

Largest

$506,500

-12.7%

$915,000

80.7%

$705,000

-23.0%

$730,000

3.5%

Average

$307,545

9.1%

$366,432

19.1%

$366,047

-0.1%

$370,753

1.3%

Median

$294,950

9.3%

$314,900

6.8%

$330,450

4.9%

$337,125

2.0%

% Of $ New

15.2%

12.8%

14.1%

-7.0%

11.7%

-16.6%

10.3%

-12.6%

% Of Units New

13.4%

-1.0%

11.1%

-17.6%

9.9%

-10.3%

9.7%

-2.2%

Condominiums

$11,131,840

227.4%

$6,258,840

-43.8%

$7,461,659

19.2%

$12,076,407

61.8%

# In County

54

170.0%

37

-31.5%

42

13.5%

58

38.1%

Average

$206,145

21.3%

$169,158

-17.9%

$177,659

5.0%

$208,214

17.2%

Mobile Homes

$2,907,269

148.3%

$977,669

-66.4%

$2,398,551

145.3%

$4,112,100

71.4%

# in County

21

61.5%

9

-57.1%

19

111.1%

21

10.5%

Plexes

$2,891,300

1.4%

$1,726,700

-40.3%

$3,323,850

92.5%

$1,837,950

-44.7%

# Buildings

9

50.0%

6

-33.3%

12

100.0%

7

-41.7%

Units

20

-9.1%

14

-30.0%

26

85.7%

18

-30.8%

Average Unit Total Volume (Residential) # In County Average Res'l Unit (No Plexes) Land

$144,565

11.6%

$123,336

-14.7%

$127,840

3.7%

$102,108

-20.1%

$71,730,233

12.0%

$73,974,116

3.1%

$94,199,780

27.3%

$111,880,678

18.8%

285

19.7%

278

-2.5%

335

20.5%

354

5.7%

$249,416

-5.5%

$265,616

6.5%

$281,350

5.9%

$317,126

12.7%

$5,895,031

35.0%

$4,342,957

-26.3%

$6,726,174

54.9%

$11,288,563

67.8%

# In County

70

52.2%

42

-40.0%

79

88.1%

66

-16.5%

Largest

$355,000

-22.0%

$725,000

104.2%

$565,000

-22.1%

$3,493,925

518.4%

Average

$84,215

-11.3%

$103,404

22.8%

$85,141

-17.7%

$171,039

100.9%

Commercial

$12,651,529

-38.8%

$20,309,330

60.5%

$22,666,130

11.6%

$41,466,928

82.9%

# In County

20

-16.7%

27

35.0%

29

7.4%

24

-17.2%

Grand Total Volume

$90,276,793

1.3%

$98,626,403

9.2%

$123,592,084

25.3%

$164,636,169

33.2%

Total # In County

375

21.8%

347

-7.5%

443

27.7%

444

0.2%

Vol XXVI • No 12 www.realestats.net • 360.798.4014

©1991-2017 REAL ESTATS INC All Rights Reserved

®

REAL ESTATS ≤

WHATCOM County Washington 2016

%≈

Overviews of Residential Real Estate Activity in Select Counties of Oregon and Washington • Since 1991

April Compared County Records

Apr '13

Ch '13 vs. '12

Apr '14

Ch '14 vs. '13

Apr '15

Ch '15 vs. '14

Apr '16

Ch '16 vs. '15

Existing Residences

$56,661,307

31.2%

$53,600,399

-5.4%

$92,661,480

72.9%

$94,635,874

2.1%

# In County

188

32.4%

173

-8.0%

280

61.8%

272

-2.9%

Largest

$800,000

-31.2%

$1,310,000

63.8%

$1,800,000

37.4%

$1,290,000

-28.3%

Average

$301,390

-0.9%

$309,829

2.8%

$330,934

6.8%

$347,926

5.1%

Median

$275,000

3.2%

$258,000

-6.2%

$280,000

8.5%

$311,500

11.3%

Average $/SF

$174.92

-4.3%

$189.46

8.3%

$194.61

2.7%

$197.78

1.6%

New Construction

$5,412,018

1.9%

$5,323,540

-1.6%

$9,549,850

79.4%

$8,820,652

-7.6%

# In County

19

5.6%

18

-5.3%

27

50.0%

23

-14.8%

Largest

$382,000

-14.1%

$449,000

17.5%

$595,000

32.5%

$600,000

0.8%

Average

$284,843

-3.5%

$295,752

3.8%

$353,698

19.6%

$383,507

8.4%

Median

$279,950

0.2%

$278,075

-0.7%

$312,900

12.5%

$363,000

16.0%

% Of $ New

8.7%

-20.4%

9.0%

3.6%

9.3%

3.4%

8.5%

-8.7%

% Of Units New

9.2%

-18.4%

9.4%

2.7%

8.8%

-6.7%

7.8%

-11.3%

Condominiums

$6,159,082

-4.9%

$5,993,803

-2.7%

$8,323,262

38.9%

$10,374,495

24.6%

# In County

32

10.3%

26

-18.8%

41

57.7%

50

22.0%

Average

$192,471

-13.8%

$230,531

19.8%

$203,006

-11.9%

$207,490

2.2%

Mobile Homes

$2,348,023

91.8%

$3,179,635

35.4%

$2,670,450

-16.0%

$3,950,400

47.9%

# in County

13

8.3%

24

84.6%

23

-4.2%

27

17.4%

Plexes

$1,552,500

-55.1%

$2,151,500

38.6%

$6,419,937

198.4%

$989,000

-84.6%

# Buildings

6

-33.3%

6

0.0%

14

133.3%

3

-78.6%

Units

12

-53.8%

15

25.0%

30

100.0%

9

-70.0%

Average Unit Total Volume (Residential) # In County Average Res'l Unit (No Plexes) Land

$129,375

-2.7%

$143,433

10.9%

$213,998

49.2%

$109,889

-48.6%

$72,132,930

20.9%

$70,248,877

-2.6%

$119,624,979

70.3%

$118,770,421

-0.7%

258

22.9%

247

-4.3%

385

55.9%

375

-2.6%

$280,081

0.2%

$282,562

0.9%

$305,135

8.0%

$316,617

3.8%

$6,834,107

-45.3%

$5,375,139

-21.3%

$7,532,395

40.1%

$7,416,906

-1.5%

# In County

62

-8.8%

45

-27.4%

80

77.8%

63

-21.3%

Largest

$665,000

-69.8%

$762,500

14.7%

$1,350,000

77.0%

$575,000

-57.4%

Average

$110,228

-40.0%

$119,448

8.4%

$94,155

-21.2%

$117,729

25.0%

Commercial

$12,277,200

-44.9%

$12,137,000

-1.1%

$23,103,678

90.4%

$7,121,500

-69.2%

# In County

22

29.4%

14

-36.4%

23

64.3%

11

-52.2%

Grand Total Volume

$91,244,237

-3.3%

$87,761,016

-3.8%

$150,261,052

71.2%

$133,308,827

-11.3%

Total # In County

342

15.9%

306

-10.5%

488

59.5%

449

-8.0%

Vol XXVI • No 12 LAM@realestats.net • 360.798.4014

©1991-2017 REAL ESTATS INC All Rights Reserved

®

REAL ESTATS ≤

WHATCOM County Washington 2016

%≈

Overviews of Residential Real Estate Activity in Select Counties of Oregon and Washington • Since 1991

May Compared County Records

May '13

Ch '13 vs. '12

May '14

Ch '14 vs. '13

May '15

Ch '15 vs. '14

May '16

Ch '16 vs. '15

Existing Residences

$73,771,796

37.7%

$69,668,915

-5.6%

$96,293,397

38.2%

$107,114,416

11.2%

# In County

236

21.0%

221

-6.4%

286

29.4%

316

10.5%

Largest

$1,425,000

78.1%

$1,700,000

19.3%

$1,850,000

8.8%

$1,110,000

-40.0%

Average

$312,592

13.7%

$315,244

0.8%

$336,690

6.8%

$338,970

0.7%

Median

$264,165

11.0%

$266,000

0.7%

$289,900

9.0%

$309,000

6.6%

Average $/SF

$184.12

10.2%

$188.08

2.2%

$193.66

3.0%

$189.35

-2.2%

New Construction

$8,412,418

63.7%

$7,146,295

-15.1%

$11,975,016

67.6%

$11,636,357

-2.8%

# In County

28

55.6%

20

-28.6%

34

70.0%

29

-14.7%

Largest

$644,750

61.6%

$749,900

16.3%

$577,500

-23.0%

$650,525

12.6%

Average

$300,444

5.3%

$357,315

18.9%

$352,206

-1.4%

$401,254

13.9%

Median

$269,750

-6.6%

$336,245

24.7%

$349,700

4.0%

$405,000

15.8%

% Of $ New

10.2%

17.0%

9.3%

-9.1%

11.1%

18.9%

9.8%

-11.4%

% Of Units New

10.6%

25.5%

8.3%

-21.8%

10.6%

28.0%

8.4%

-20.9%

Condominiums

$8,358,075

21.0%

$11,303,900

35.2%

$12,450,371

10.1%

$15,891,693

27.6%

# In County

39

44.4%

55

41.0%

56

1.8%

77

37.5%

Average

$214,310

-16.2%

$205,525

-4.1%

$222,328

8.2%

$206,386

-7.2%

Mobile Homes

$2,531,734

85.3%

$2,125,750

-16.0%

$4,360,701

105.1%

$4,183,800

-4.1%

# in County

21

61.5%

18

-14.3%

27

50.0%

29

7.4%

Plexes

$4,697,500

147.6%

$2,142,050

-54.4%

$2,753,000

28.5%

$8,243,500

199.4%

# Buildings

15

114.3%

7

-53.3%

8

14.3%

14

75.0%

Units

37

164.3%

14

-62.2%

18

28.6%

36

100.0%

Average Unit Total Volume (Residential) # In County Average Res'l Unit (No Plexes) Land

$126,959

-6.3%

$153,004

20.5%

$152,944

0.0%

$228,986

49.7%

$97,771,523

41.9%

$92,386,910

-5.5%

$127,832,485

38.4%

$147,069,766

15.0%

339

30.4%

321

-5.3%

411

28.0%

465

13.1%

$287,266

8.5%

$287,404

0.0%

$310,371

8.0%

$307,819

-0.8%

$8,038,828

12.5%

$6,093,232

-24.2%

$7,063,674

15.9%

$7,047,521

-0.2%

# In County

65

-3.0%

67

3.1%

69

3.0%

52

-24.6%

Largest

$2,500,000

61.3%

$400,000

-84.0%

$365,000

-8.8%

$550,215

50.7%

Average

$123,674

16.0%

$90,944

-26.5%

$102,372

12.6%

$135,529

32.4%

Commercial

$9,129,000

-17.1%

$254,203,284

2684.6%

$61,207,735

-75.9%

$14,825,307

-75.8%

# In County

26

13.0%

27

3.8%

32

18.5%

18

-43.8%

Grand Total Volume

$114,939,351

32.0%

$352,683,426

206.8%

$196,103,894

-44.4%

$168,942,594

-13.9%

Total # In County

430

22.9%

415

-3.5%

512

23.4%

535

4.5%

Vol XXVI • No 12 www.realestats.net • 360.798.4014

©1991-2017 REAL ESTATS INC All Rights Reserved

®

REAL ESTATS ≤

WHATCOM County Washington 2016

%≈

Overviews of Residential Real Estate Activity in Select Counties of Oregon and Washington • Since 1991

June Compared County Records

Jun '13

Ch '13 vs. '12

Jun '14

Ch '14 vs. '13

Jun '15

Ch '15 vs. '14

Jun '16

Ch '16 vs. '15

Existing Residences

$75,260,806

14.8%

$87,831,236

16.7%

$114,095,740

29.9%

$125,682,392

10.2%

# In County

245

16.1%

282

15.1%

350

24.1%

358

2.3%

Largest

$1,495,000

10.7%

$1,275,000

-14.7%

$3,000,000

135.3%

$1,400,000

-53.3%

Average

$307,187

-1.1%

$311,458

1.4%

$325,988

4.7%

$351,068

7.7%

Median

$269,000

-0.7%

$278,000

3.3%

$292,000

5.0%

$315,550

8.1%

Average $/SF

$190.03

3.2%

$196.69

3.5%

$195.23

-0.7%

$196.14

0.5%

New Construction

$7,565,122

3.6%

$12,436,293

64.4%

$9,869,700

-20.6%

$9,696,426

-1.8%

# In County

24

-4.0%

36

50.0%

27

-25.0%

24

-11.1%

Largest

$434,437

-14.8%

$626,684

44.3%

$542,000

-13.5%

$860,000

58.7%

Average

$315,213

8.0%

$345,453

9.6%

$365,544

5.8%

$404,018

10.5%

Median

$310,000

13.1%

$308,250

-0.6%

$357,000

15.8%

$394,450

10.5%

% Of $ New

9.1%

-8.9%

12.4%

35.8%

8.0%

-35.8%

7.2%

-10.0%

% Of Units New

8.9%

-15.8%

11.3%

26.9%

7.2%

-36.7%

6.3%

-12.3%

Condominiums

$9,611,623

38.1%

$8,859,772

-7.8%

$11,891,100

34.2%

$18,599,498

56.4%

# In County

42

-4.5%

39

-7.1%

58

48.7%

77

32.8%

Average

$228,848

44.7%

$227,174

-0.7%

$205,019

-9.8%

$241,552

17.8%

Mobile Homes

$3,790,782

32.7%

$2,574,820

-32.1%

$4,613,001

79.2%

$6,020,100

30.5%

# in County

32

23.1%

21

-34.4%

33

57.1%

29

-12.1%

Plexes

$3,068,650

-50.3%

$3,898,400

27.0%

$4,379,900

12.4%

$2,958,600

-32.5%

# Buildings

7

-56.3%

12

71.4%

13

8.3%

7

-46.2%

Units

16

-57.9%

26

62.5%

28

7.7%

17

-39.3%

Average Unit Total Volume (Residential) # In County Average Res'l Unit (No Plexes) Land

$191,791

18.2%

$149,938

-21.8%

$156,425

4.3%

$174,035

11.3%

$99,296,983

11.8%

$115,600,521

16.4%

$144,849,441

25.3%

$162,957,016

12.5%

350

8.7%

390

11.4%

481

23.3%

495

2.9%

$280,549

3.9%

$295,508

5.3%

$300,149

1.6%

$327,866

9.2%

$8,177,552

-11.8%

$4,308,906

-47.3%

$8,697,524

101.8%

$6,373,077

-26.7%

# In County

67

28.8%

66

-1.5%

71

7.6%

54

-23.9%

Largest

$1,045,000

-61.0%

$320,000

-69.4%

$1,600,000

400.0%

$540,000

-66.3%

Average

$122,053

-31.6%

$65,286

-46.5%

$122,500

87.6%

$118,020

-3.7%

Commercial

$29,574,481

30.6%

$38,946,423

31.7%

$36,881,429

-5.3%

$9,829,408

-73.3%

# In County

30

114.3%

27

-10.0%

17

-37.0%

22

29.4%

Grand Total Volume

$137,049,016

13.5%

$158,855,850

15.9%

$190,428,394

19.9%

$179,159,501

-5.9%

Total # In County

447

15.2%

483

8.1%

569

17.8%

571

0.4%

Vol XXVI • No 12 LAM@realestats.net • 360.798.4014

©1991-2017 REAL ESTATS INC All Rights Reserved

®

REAL ESTATS ≤

WHATCOM County Washington 2016

%≈

Overviews of Residential Real Estate Activity in Select Counties of Oregon and Washington • Since 1991

July Compared County Records

Jul '13

Ch '13 vs. '12

Jul '14

Ch '14 vs. '13

Jul '15

Ch '15 vs. '14

Jul '16

Ch '16 vs. '15

Existing Residences

$85,437,009

47.0%

$76,992,866

-9.9%

$109,988,479

42.9%

$100,463,091

-8.7%

# In County

270

35.7%

243

-10.0%

316

30.0%

297

-6.0%

Largest

$1,260,000

-9.7%

$1,250,000

-0.8%

$1,370,000

9.6%

$1,290,000

-5.8%

Average

$316,433

8.3%

$316,843

0.1%

$348,065

9.9%

$338,260

-2.8%

Median

$272,250

6.3%

$280,000

2.8%

$298,500

6.6%

$309,500

3.7%

Average $/SF

$195.78

5.7%

$189.55

-3.2%

$190.83

0.7%

$198.19

3.9%

New Construction

$6,169,660

7.1%

$10,471,450

69.7%

$7,823,825

-25.3%

$7,325,355

-6.4%

# In County

20

0.0%

30

50.0%

24

-20.0%

20

-16.7%

Largest

$499,000

20.3%

$700,000

40.3%

$789,500

12.8%

$547,001

-30.7%

Average

$308,483

7.1%

$349,048

13.1%

$325,993

-6.6%

$366,268

12.4%

Median

$311,405

8.3%

$328,500

5.5%

$294,900

-10.2%

$344,557

16.8%

% Of $ New

6.7%

-25.3%

12.0%

77.8%

6.6%

-44.5%

6.8%

2.3%

% Of Units New

6.9%

-24.5%

11.0%

59.3%

7.1%

-35.8%

6.3%

-10.6%

Condominiums

$10,483,373

51.4%

$10,729,100

2.3%

$13,457,611

25.4%

$12,647,581

-6.0%

# In County

45

28.6%

49

8.9%

68

38.8%

60

-11.8%

Average

$232,964

17.8%

$218,961

-6.0%

$197,906

-9.6%

$210,793

6.5%

Mobile Homes

$4,087,956

61.5%

$3,824,462

-6.4%

$2,059,500

-46.1%

$2,381,868

15.7%

# in County

35

84.2%

31

-11.4%

10

-67.7%

17

70.0%

Plexes

$2,317,800

-27.6%

$3,986,855

72.0%

$2,041,300

-48.8%

$1,151,000

-43.6%

# Buildings

7

-30.0%

12

71.4%

6

-50.0%

2

-66.7%

Units

22

-15.4%

30

36.4%

15

-50.0%

7

-53.3%

Average Unit Total Volume (Residential) # In County Average Res'l Unit (No Plexes) Land

$105,355

-14.4%

$132,895

26.1%

$136,087

2.4%

$164,429

20.8%

$108,495,798

41.7%

$106,004,733

-2.3%

$135,370,715

27.7%

$123,968,895

-8.4%

377

33.2%

365

-3.2%

424

16.2%

396

-6.6%

$286,968

6.8%

$289,002

0.7%

$318,970

10.4%

$311,721

-2.3%

$7,101,225

27.6%

$8,403,483

18.3%

$5,357,390

-36.2%

$8,739,500

63.1%

# In County

70

9.4%

67

-4.3%

43

-35.8%

45

4.7%

Largest

$840,000

0.0%

$900,000

7.1%

$340,000

-62.2%

$1,745,000

413.2%

Average

$101,446

16.7%

$125,425

23.6%

$124,590

-0.7%

$194,211

55.9%

Commercial

$13,552,960

56.9%

$15,636,662

15.4%

$8,718,530

-44.2%

$15,165,000

73.9%

# In County

17

0.0%

22

29.4%

15

-31.8%

21

40.0%

Grand Total Volume

$129,149,983

42.3%

$130,044,878

0.7%

$149,446,635

14.9%

$147,873,395

-1.1%

Total # In County

464

27.5%

454

-2.2%

482

6.2%

462

-4.1%

Vol XXVI • No 12 www.realestats.net • 360.798.4014

©1991-2017 REAL ESTATS INC All Rights Reserved

®

REAL ESTATS ≤

WHATCOM County Washington 2016

%≈

Overviews of Residential Real Estate Activity in Select Counties of Oregon and Washington • Since 1991

August Compared County Records

Aug '13

Ch '13 vs. '12

Aug '14

Ch '14 vs. '13

Aug '15

Ch '15 vs. '14

Aug '16

Ch '16 vs. '15

Existing Residences

$73,321,133

14.1%

$92,836,471

26.6%

$96,811,573

4.3%

$135,005,815

39.5%

# In County

256

21.9%

275

7.4%

310

12.7%

351

13.2%

Largest

$730,000

-48.2%

$2,050,000

180.8%

$1,782,000

-13.1%

$2,150,000

20.7%

Average

$286,411

-6.4%

$337,587

17.9%

$312,295

-7.5%

$384,632

23.2%

Median

$258,000

-0.4%

$284,500

10.3%

$284,000

-0.2%

$331,251

16.6%

Average $/SF

$187.52

5.0%

$208.13

11.0%

$182.32

-12.4%

$203.22

11.5%

New Construction

$8,282,624

47.5%

$8,758,735

5.7%

$11,750,194

34.2%

$7,294,804

-37.9%

# In County

26

36.8%

26

0.0%

32

23.1%

19

-40.6%

Largest

$505,000

37.2%

$519,159

2.8%

$660,000

27.1%

$580,000

-12.1%

Average

$318,562

7.8%

$336,874

5.7%

$367,194

9.0%

$383,937

4.6%

Median

$314,450

9.2%

$329,950

4.9%

$344,000

4.3%

$393,462

14.4%

% Of $ New

10.1%

26.3%

8.6%

-15.1%

10.8%

25.5%

5.1%

-52.6%

% Of Units New

9.2%

11.1%

8.6%

-6.3%

9.4%

8.3%

5.1%

-45.1%

Condominiums

$7,260,993

-28.9%

$9,765,975

34.5%

$11,264,510

15.3%

$18,323,664

62.7%

# In County

35

-34.0%

49

40.0%

55

12.2%

83

50.9%

Average

$207,457

7.6%

$199,306

-3.9%

$204,809

2.8%

$220,767

7.8%

Mobile Homes

$3,872,800

21.1%

$4,387,892

13.3%

$3,602,840

-17.9%

$6,076,962

68.7%

# in County

25

0.0%

38

52.0%

20

-47.4%

32

60.0%

Plexes

$1,943,569

-38.6%

$3,503,642

80.3%

$2,960,600

-15.5%

$3,167,400

7.0%

# Buildings

6

-25.0%

9

50.0%

7

-22.2%

9

28.6%

Units

12

-36.8%

21

75.0%

23

9.5%

18

-21.7%

Average Unit Total Volume (Residential) # In County Average Res'l Unit (No Plexes) Land

$161,964

-2.8%

$166,840

3.0%

$128,722

-22.8%

$175,967

36.7%

$94,681,119

9.5%

$119,252,715

26.0%

$126,389,717

6.0%

$169,868,645

34.4%

348

10.5%

397

14.1%

424

6.8%

494

16.5%

$271,162

-0.1%

$298,322

10.0%

$295,993

-0.8%

$343,714

16.1%

$9,149,318

103.2%

$9,939,574

8.6%

$6,009,559

-39.5%

$5,734,102

-4.6%

# In County

73

40.4%

56

-23.3%

41

-26.8%

54

31.7%

Largest

$1,400,000

94.2%

$2,300,000

64.3%

$750,000

-67.4%

$375,000

-50.0%

Average

$125,333

44.8%

$177,492

41.6%

$146,575

-17.4%

$106,187

-27.6%

Commercial

$31,447,475

54.8%

$11,641,329

-63.0%

$19,543,272

67.9%

$31,661,759

62.0%

# In County

22

29.4%

22

0.0%

17

-22.7%

20

17.6%

Grand Total Volume

$135,277,912

21.6%

$140,833,618

4.1%

$151,942,548

7.9%

$207,264,506

36.4%

Total # In County

443

15.4%

475

7.2%

482

1.5%

568

17.8%

Vol XXVI • No 12 LAM@realestats.net • 360.798.4014

©1991-2017 REAL ESTATS INC All Rights Reserved

®

REAL ESTATS ≤

WHATCOM County Washington 2016

%≈

Overviews of Residential Real Estate Activity in Select Counties of Oregon and Washington • Since 1991

September Compared County Records

Sep '13

Ch '13 vs. '12

Sep '14

Ch '14 vs. '13

Sep '15

Ch '15 vs. '14

Sep '16

Ch '16 vs. '15

Existing Residences

$67,337,274

25.6%

$69,565,561

3.3%

$87,137,508

25.3%

$116,989,647

34.3%

# In County

210

10.5%

237

12.9%

273

15.2%

327

19.8%

Largest

$2,100,000

50.0%

$1,500,000

-28.6%

$1,550,000

3.3%

$1,299,000

-16.2%

Average

$320,654

13.6%

$293,526

-8.5%

$319,185

8.7%

$357,767

12.1%

Median

$265,000

8.0%

$256,000

-3.4%

$279,000

9.0%

$314,900

12.9%

Average $/SF

$188.43

3.2%

$186.10

-1.2%

$182.33

-2.0%

$200.86

10.2%

New Construction

$9,484,043

115.0%

$7,843,183

-17.3%

$9,585,200

22.2%

$7,718,283

-19.5%

# In County

28

75.0%

24

-14.3%

25

4.2%

20

-20.0%

Largest

$836,000

115.5%

$775,000

-7.3%

$649,000

-16.3%

$1,262,455

94.5%

Average

$338,716

22.9%

$326,799

-3.5%

$383,408

17.3%

$385,914

0.7%

Median

$307,750

19.7%

$301,500

-2.0%

$352,000

16.7%

$334,050

-5.1%

% Of $ New

12.3%

62.5%

10.1%

-17.9%

9.9%

-2.2%

6.2%

-37.5%

% Of Units New

11.8%

51.5%

9.2%

-21.8%

8.4%

-8.8%

5.8%

-31.3%

Condominiums

$9,249,538

11.0%

$7,763,143

-16.1%

$8,477,200

9.2%

$12,939,054

52.6%

# In County

44

25.7%

40

-9.1%

41

2.5%

56

36.6%

Average

$210,217

-11.7%

$194,079

-7.7%

$206,761

6.5%

$231,055

11.7%

Mobile Homes

$1,906,384

53.2%

$4,373,540

129.4%

$6,328,428

44.7%

$5,046,884

-20.3%

# in County

13

-7.1%

23

76.9%

41

78.3%

32

-22.0%

Plexes

$5,699,232

24.7%

$4,238,374

-25.6%

$2,706,000

-36.2%

$1,553,500

-42.6%

# Buildings

17

54.5%

13

-23.5%

6

-53.8%

4

-33.3%

Units

37

23.3%

29

-21.6%

16

-44.8%

11

-31.3%

Average Unit Total Volume (Residential) # In County Average Res'l Unit (No Plexes) Land

$154,033

1.1%

$146,151

-5.1%

$169,125

15.7%

$141,227

-16.5%

$93,676,471

29.8%

$93,783,801

0.1%

$114,234,336

21.8%

$144,247,368

26.3%

312

17.3%

337

8.0%

386

14.5%

439

13.7%

$298,228

12.5%

$276,375

-7.3%

$293,496

6.2%

$328,032

11.8%

$8,383,368

63.8%

$4,987,291

-40.5%

$6,682,067

34.0%

$9,816,228

46.9%

# In County

66

53.5%

52

-21.2%

41

-21.2%

67

63.4%

Largest

$1,184,000

-39.3%

$550,000

-53.5%

$600,000

9.1%

$1,484,994

147.5%

Average

$127,021

6.7%

$95,909

-24.5%

$162,977

69.9%

$146,511

-10.1%

Commercial

$11,403,986

70.4%

$28,439,627

149.4%

$21,809,572

-23.3%

$17,028,158

-21.9%

# In County

20

33.3%

23

15.0%

24

4.3%

19

-20.8%

Grand Total Volume

$113,463,825

35.1%

$127,210,719

12.1%

$142,725,975

12.2%

$171,091,754

19.9%

Total # In County

398

22.8%

412

3.5%

451

9.5%

525

16.4%

Vol XXVI • No 12 www.realestats.net • 360.798.4014

©1991-2017 REAL ESTATS INC All Rights Reserved

®

REAL ESTATS ≤

WHATCOM County Washington 2016

%≈

Overviews of Residential Real Estate Activity in Select Counties of Oregon and Washington • Since 1991

October Compared County Records

Oct '13

Ch '13 vs. '12

Oct '14

Ch '14 vs. '13

Oct '15

Ch '15 vs. '14

Oct '16

Ch '16 vs. '15

Existing Residences

$67,193,231

9.2%

$77,238,949

15.0%

$78,370,185

1.5%

$76,274,723

-2.7%

# In County

229

13.4%

257

12.2%

238

-7.4%

229

-3.8%

Largest

$1,050,000

-23.1%

$1,700,000

61.9%

$1,925,000

13.2%

$882,000

-54.2%

Average

$293,420

-3.6%

$300,541

2.4%

$329,286

9.6%

$333,077

1.2%

Median

$256,000

-1.5%

$262,000

2.3%

$285,000

8.8%

$313,200

9.9%

Average $/SF

$179.64

2.0%

$189.67

5.6%

$185.37

-2.3%

$193.68

4.5%

New Construction

$5,188,000

-27.2%

$8,286,449

59.7%

$8,188,920

-1.2%

$8,167,749

-0.3%

# In County

16

-40.7%

23

43.8%

23

0.0%

19

-17.4%

Largest

$454,000

40.6%

$1,040,000

129.1%

$490,000

-52.9%

$842,528

71.9%

Average

$324,250

22.9%

$360,280

11.1%

$356,040

-1.2%

$429,882

20.7%

Median

$336,000

29.7%

$309,900

-7.8%

$356,050

14.9%

$395,000

10.9%

% Of $ New

7.2%

-31.0%

9.7%

35.2%

9.5%

-2.4%

9.7%

2.2%

% Of Units New

6.5%

-44.6%

8.2%

25.8%

8.8%

7.3%

7.7%

-13.1%

Condominiums

$8,513,431

14.2%

$6,297,200

-26.0%

$11,569,900

83.7%

$10,040,078

-13.2%

# In County

42

7.7%

33

-21.4%

57

72.7%

52

-8.8%

Average

$202,701

6.1%

$190,824

-5.9%

$202,981

6.4%

$193,078

-4.9%

Mobile Homes

$3,462,505

151.6%

$5,170,578

49.3%

$3,732,120

-27.8%

$3,418,728

-8.4%

# in County

29

93.3%

30

3.4%

27

-10.0%

17

-37.0%

Plexes

$2,012,800

-60.7%

$3,382,500

68.0%

$2,675,822

-20.9%

$1,140,426

-57.4%

# Buildings

6

-45.5%

9

50.0%

9

0.0%

3

-66.7%

Units

16

-33.3%

26

62.5%

22

-15.4%

7

-68.2%

Average Unit Total Volume (Residential) # In County Average Res'l Unit (No Plexes) Land

$125,800

-41.0%

$130,096

3.4%

$121,628

-6.5%

$162,918

33.9%

$86,369,967

4.6%

$100,375,676

16.2%

$104,536,947

4.1%

$99,041,704

-5.3%

322

9.5%

352

9.3%

354

0.6%

320

-9.6%

$266,953

-2.5%

$282,779

5.9%

$295,250

4.4%

$308,837

4.6%

$5,039,067

-8.9%

$4,758,350

-5.6%

$4,753,982

-0.1%

$6,732,966

41.6%

# In County

51

-19.0%

60

17.6%

45

-25.0%

47

4.4%

Largest

$800,000

100.0%

$440,000

-45.0%

$505,000

14.8%

$600,000

18.8%

Average

$98,805

12.6%

$79,306

-19.7%

$105,644

33.2%

$143,255

35.6%

Commercial

$10,803,000

-81.3%

$14,221,500

31.6%

$6,955,900

-51.1%

$29,038,191

317.5%

# In County

14

-48.1%

21

50.0%

16

-23.8%

14

-12.5%

Grand Total Volume

$102,212,034

-30.0%

$119,355,526

16.8%

$116,246,829

-2.6%

$134,812,861

16.0%

Total # In County

387

0.8%

433

11.9%

415

-4.2%

381

-8.2%

Vol XXVI • No 12 LAM@realestats.net • 360.798.4014

©1991-2017 REAL ESTATS INC All Rights Reserved

®

REAL ESTATS ≤

WHATCOM County Washington 2016

%≈

Overviews of Residential Real Estate Activity in Select Counties of Oregon and Washington • Since 1991

November Compared County Records

Nov '13

Ch '13 vs. '12

Nov '14

Ch '14 vs. '13

Nov '15

Ch '15 vs. '14

Nov '16

Ch '16 vs. '15

Existing Residences

$47,689,294

-13.5%

$53,779,046

12.8%

$66,416,574

23.5%

$78,319,313

17.9%

# In County

161

-10.6%

188

16.8%

186

-1.1%

227

22.0%

Largest

$889,000

4.6%

$749,000

-15.7%

$1,875,000

150.3%

$1,750,000

-6.7%

Average

$296,207

-3.3%

$286,059

-3.4%

$357,078

24.8%

$345,019

-3.4%

Median

$275,000

7.8%

$255,000

-7.3%

$307,142

20.4%

$319,000

3.9%

Average $/SF

$185.25

2.3%

$185.06

-0.1%

$189.31

2.3%

$200.32

5.8%

New Construction

$8,202,079

57.1%

$6,266,909

-23.6%

$8,413,762

34.3%

$7,863,560

-6.5%

# In County

25

38.9%

19

-24.0%

21

10.5%

20

-4.8%

Largest

$595,000

29.3%

$475,000

-20.2%

$670,100

41.1%

$760,000

13.4%

Average

$328,083

13.1%

$329,837

0.5%

$400,655

21.5%

$393,178

-1.9%

Median

$313,500

15.3%

$325,000

3.7%

$379,000

16.6%

$368,900

-2.7%

% Of $ New

14.7%

69.6%

10.4%

-28.9%

11.2%

7.7%

9.1%

-18.9%

% Of Units New

13.4%

47.8%

9.2%

-31.7%

10.1%

10.5%

8.1%

-20.2%

Condominiums

$5,967,300

8.1%

$6,979,644

17.0%

$7,519,811

7.7%

$10,154,108

35.0%

# In County

27

-12.9%

29

7.4%

32

10.3%

47

46.9%

Average

$221,011

24.1%

$240,677

8.9%

$234,994

-2.4%

$216,045

-8.1%

Mobile Homes

$2,103,500

125.2%

$1,437,871

-31.6%

$2,216,200

54.1%

$4,393,100

98.2%

# in County

13

0.0%

13

0.0%

15

15.4%

21

40.0%

Plexes

$4,969,000

124.7%

$2,210,500

-55.5%

$220,000

-90.0%

$3,326,900

1412.2%

# Buildings

8

14.3%

5

-37.5%

1

-80.0%

8

700.0%

Units

22

29.4%

12

-45.5%

3

-75.0%

19

533.3%

Average Unit Total Volume (Residential) # In County Average Res'l Unit (No Plexes) Land

$225,864

73.6%

$184,208

-18.4%

$73,333

-60.2%

$175,100

138.8%

$68,931,173

-0.1%

$70,673,970

2.5%

$84,786,347

20.0%

$104,056,981

22.7%

234

-6.0%

254

8.5%

255

0.4%

323

26.7%

$283,018

2.5%

$274,954

-2.8%

$332,938

21.1%

$319,778

-4.0%

$4,088,288

13.9%

$4,261,090

4.2%

$2,989,673

-29.8%

$10,304,058

244.7%

# In County

49

19.5%

51

4.1%

24

-52.9%

32

33.3%

Largest

$575,000

69.1%

$575,000

0.0%

$825,000

43.5%

$3,000,000

263.6%

Average

$83,434

-4.7%

$83,551

0.1%

$124,570

49.1%

$322,002

158.5%

Commercial

$11,811,042

-88.6%

$11,015,000

-6.7%

$34,335,750

211.7%

$8,215,154

-76.1%

# In County

24

71.4%

14

-41.7%

10

-28.6%

11

10.0%

Grand Total Volume

$84,830,503

-51.9%

$85,950,060

1.3%

$122,111,770

42.1%

$122,576,193

0.4%

Total # In County

307

1.0%

319

3.9%

289

-9.4%

366

26.6%

Vol XXVI • No 12 www.realestats.net • 360.798.4014

©1991-2017 REAL ESTATS INC All Rights Reserved

®

REAL ESTATS ≤

WHATCOM County Washington 2016

%≈

Overviews of Residential Real Estate Activity in Select Counties of Oregon and Washington • Since 1991

December Compared County Records

Dec '13

Ch '13 vs. '12

Dec '14

Ch '14 vs. '13

Dec '15

Ch '15 vs. '14

Dec '16

Ch '16 vs. '15

Existing Residences

$49,049,746

-1.2%

$60,979,828

24.3%

$75,721,341

24.2%

$77,657,727

2.6%

# In County

179

-2.7%

200

11.7%

235

17.5%

216

-8.1%

Largest

$1,207,600

68.9%

$1,600,000

32.5%

$1,500,100

-6.2%

$2,000,000

33.3%

Average

$274,021

1.6%

$304,899

11.3%

$322,218

5.7%

$359,527

11.6%

Median

$254,500

2.8%

$270,000

6.1%

$287,350

6.4%

$328,500

14.3%

Average $/SF

$171.52

-3.5%

$188.29

9.8%

$180.46

-4.2%

$193.05

7.0%

New Construction

$6,409,628

17.4%

$9,250,275

44.3%

$6,417,900

-30.6%

$12,976,118

102.2%

# In County

20

11.1%

29

45.0%

18

-37.9%

25

38.9%

Largest

$455,000

3.6%

$480,000

5.5%

$678,500

41.4%

$1,704,658

151.2%

Average

$320,481

5.7%

$318,975

-0.5%

$356,550

11.8%

$519,045

45.6%

Median

$316,945

7.1%

$309,000

-2.5%

$320,250

3.6%

$424,900

32.7%

% Of $ New

11.6%

16.7%

13.2%

14.0%

7.8%

-40.7%

14.3%

83.2%

% Of Units New

10.1%

12.8%

12.7%

26.0%

7.1%

-43.8%

10.4%

45.8%

Condominiums

$6,672,400

-7.1%

$7,101,934

6.4%

$10,129,200

42.6%

$13,497,340

33.3%

# In County

34

-12.8%

34

0.0%

44

29.4%

55

25.0%

Average

$196,247

6.6%

$208,880

6.4%

$230,209

10.2%

$245,406

6.6%

Mobile Homes

$1,606,600

-59.7%

$1,713,575

6.7%

$3,222,812

88.1%

$3,499,450

8.6%

# in County

16

-33.3%

20

25.0%

21

5.0%

20

-4.8%

Plexes

$3,764,104

-25.9%

$7,036,000

86.9%

$3,114,768

-55.7%

$1,270,500

-59.2%

# Buildings

12

-20.0%

14

16.7%

8

-42.9%

4

-50.0%

Units

31

3.3%

52

67.7%

23

-55.8%

11

-52.2%

Average Unit Total Volume (Residential) # In County Average Res'l Unit (No Plexes) Land

$121,423

-28.3%

$135,308

11.4%

$135,425

0.1%

$115,500

-14.7%

$67,502,478

-5.4%

$86,081,612

27.5%

$98,606,021

14.5%

$108,901,135

10.4%

261

-6.8%

297

13.8%

326

9.8%

320

-1.8%

$255,977

2.4%

$279,313

9.1%

$300,287

7.5%

$340,603

13.4%

$7,650,513

-30.9%

$9,012,137

17.8%

$5,721,643

-36.5%

$7,262,424

26.9%

# In County

81

8.0%

94

16.0%

39

-58.5%

45

15.4%

Largest

$1,300,000

-50.6%

$1,500,000

15.4%

$458,393

-69.4%

$620,000

35.3%

Average

$94,451

-36.0%

$95,874

1.5%

$146,709

53.0%

$161,387

10.0%

Commercial

$27,230,729

-41.4%

$17,696,046

-35.0%

$15,398,296

-13.0%

$12,457,826

-19.1%

# In County

34

-17.1%

33

-2.9%

20

-39.4%

19

-5.0%

Grand Total Volume

$102,383,720

-20.6%

$112,789,795

10.2%

$119,725,960

6.1%

$128,621,385

7.4%

Total # In County

376

-5.1%

424

12.8%

385

-9.2%

384

-0.3%

Vol XXVI • No 12 LAM@realestats.net • 360.798.4014

©1991-2017 REAL ESTATS INC All Rights Reserved

®

REAL ESTATS ≤

WHATCOM County Washington 2016

%≈

Overviews of Residential Real Estate Activity in Select Counties of Oregon and Washington • Since 1991

Existing Home Sales by Price Ranges 2013 Range of Prices

2014

2015

Total #

Per Mo

$/SF

Total #

Per Mo

Ch in # Sld

$/SF

Ch in $/SF

Total #

Per Ch in Mo # Sld

$/SF

Ch in $/SF

- $175,000

401

33.4

$123.15

412

34.3

3%

$132.08

7.2%

335

27.9 -19%

$130.57

-1.1%

$175,001 - $200,000

193

16.1

$151.51

195

16.3

1%

$163.54

7.9%

222

18.5 14%

$158.33

-3.2%

$200,001 - $225,000

243

20.3

$170.57

238

19.8

-2%

$172.41

1.1%

215

17.9 -10%

$172.14

-0.2%

$225,001 - $250,000

285

23.8

$179.58

288

24.0

1%

$175.48

-2.3%

333

27.8 16%

$179.51

2.3%

$250,001 - $275,000

222

18.5

$180.29

265

22.1

19%

$183.82

2.0%

322

26.8 22%

$180.27

-1.9%

$275,001 - $300,000

195

16.3

$180.08

207

17.3

6%

$181.38

0.7%

314

26.2 52%

$184.20

1.6%

$300,001 - $350,000

271

22.6

$186.66

310

25.8

14%

$196.29

5.2%

431

35.9 39%

$190.80

-2.8%

$350,001 - $400,000

169

14.1

$196.91

186

15.5

10%

$207.89

5.6%

275

22.9 48%

$196.93

-5.3%

$400,001 - $450,000

139

11.6

$219.10

120

10.0

-14%

$224.73

2.6%

188

15.7 57%

$205.15

-8.7%

$450,001 - $500,000

83

6.9

$224.75

84

7.0

1%

$236.27

5.1%

129

10.8 54%

$213.31

-9.7%

$500,001 - $600,000

87

7.3

$257.07

111

9.3

28%

$257.65

0.2%

116

9.7

5%

$227.85

-11.6%

$600,001 - $700,000

54

4.5

$283.45

54

4.5

0%

$303.40

7.0%

58

4.8

7%

$246.42

-18.8%

$700,001 - $800,000

29

2.4

$329.99

23

1.9

-21%

$320.55

-2.9%

35

2.9

52%

$257.19

-19.8%

$800,001 - $900,000

9

0.8

$329.45

11

0.9

22%

$335.13

1.7%

29

2.4

164%

$326.80

-2.5%

$900,001 - $1,000,000

2

0.2

$469.80

14

1.2

600% $370.69 -21.1%

8

0.7

-43%

$397.47

7.2%

13

1.1

$420.15

22

1.8

69%

$419.26

-0.2%

37

3.1

68%

$370.58

-11.6%

2,395

200

$182.03

2,540

212

6%

$189.34

4.0%

3,047 254

20%

$187.11

-1.2%

$173.60

3.5%

$174.37

0.4%

-

$1,000,001 -

Sky

Overall Total Median

Vol XXVI • No 12 www.realestats.net • 360.798.4014

$167.74

©1991-2017 REAL ESTATS INC All Rights Reserved

®

REAL ESTATS ≤

WHATCOM County Washington 2016

%≈

Overviews of Residential Real Estate Activity in Select Counties of Oregon and Washington • Since 1991

Existing Home Sales by Price Ranges with Inventory 2016 Range of Prices

Inventory*

Total #

Per Mo

Ch in # Sld

$/SF

Ch in $/SF

#

# Months

- $175,000

228

19.0

-32%

$131.81

0.9%

15

0.8

$175,001 - $200,000

140

11.7

-37%

$166.48

5.2%

7

0.6

$200,001 - $225,000

190

15.8

-12%

$181.76

5.6%

7

0.4

$225,001 - $250,000

284

23.7

-15%

$180.60

0.6%

11

0.5

$250,001 - $275,000

300

25.0

-7%

$191.70

6.3%

15

0.6

$275,001 - $300,000

294

24.5

-6%

$188.79

2.5%

14

0.6

$300,001 - $350,000

525

43.8

22%

$197.56

3.5%

31

0.7

$350,001 - $400,000

348

29.0

27%

$194.06

-1.5%

44

1.5

$400,001 - $450,000

259

21.6

38%

$201.76

-1.7%

31

1.4

$450,001 - $500,000

155

12.9

20%

$208.11

-2.4%

31

2.4

$500,001 - $600,000

179

14.9

54%

$224.19

-1.6%

31

2.1

$600,001 - $700,000

112

9.3

93%

$235.12

-4.6%

28

3.0

$700,001 - $800,000

53

4.4

51%

$233.03

-9.4%

16

3.6

$800,001 - $900,000

21

1.8

-28%

$339.65

3.9%

11

6.3

$900,001 - $1,000,000

14

1.2

75%

$314.02

-21.0%

10

8.6

28

2.3

-24%

$363.17

-2.0%

41

17.6

3%

$194.40

3.9%

343

1.3

$182.64

4.7%

*Date

1/26/17

-

$1,000,001 -

Sky

Overall Total Median

Vol XXVI • No 12 LAM@realestats.net • 360.798.4014

3,130 260.8

©1991-2017 REAL ESTATS INC All Rights Reserved

®

REAL ESTATS ≤

WHATCOM County Washington 2016

%≈

Overviews of Residential Real Estate Activity in Select Counties of Oregon and Washington • Since 1991

Existing Single Family Sales by Zip Code 2015

2016

ZIP

Total #

Per Mo

Ch in #/Mo

Total #

Per Mo

Ch in #/Mo

Avg$

Avg$

Ch in Avg $

98220

3

0.3

0.0%

$340,667

97.3% $225.19 105.6%

5

0.4

66.7%

$321,660

-5.6%

98225

429

35.8

0.0%

$350,513

8.4%

$234.13

2.3%

452

37.7

5.4%

$398,244

13.6% $250.99

7.2%

98226

546

45.5

23.0%

$356,427

1.7%

$196.67

-2.4%

490

40.8

-10.3%

$382,270

7.3%

$199.44

1.4%

98229

593

49.4

19.3%

$354,052

8.9%

$189.20

-3.5%

635

52.9

7.1%

$383,419

8.3%

$190.53

0.7%

98230

322

26.8

22.0%

$313,968

9.6%

$173.98

5.9%

379

31.6

17.7%

$324,162

3.2%

$184.16

5.9%

98240

33

2.8

17.9%

$320,558

12.1% $158.65 -12.7%

46

3.8

39.4%

$375,389

17.1% $186.44 17.5%

98244

52

4.3

-1.9%

$242,138

12.0% $164.74

-5.7%

72

6.0

38.5%

$259,885

7.3%

$169.14

2.7%

98247

92

7.7

41.5%

$300,620

14.0% $169.93

4.2%

78

6.5

-15.2%

$332,201

10.5% $181.17

6.6%

98248

385

32.1

40.5%

$287,988

3.7%

$173.73

3.1%

385

32.1

0.0%

$325,240

12.9% $183.49

5.6%

98262

23

1.9

-8.0%

$388,663

8.5%

$256.15 -15.4%

25

2.1

8.7%

$344,259

-11.4% $257.20

0.4%

98264

354

29.5

38.8%

$311,323

10.6% $167.57

5.1%

297

24.8

-16.1%

$331,307

6.4%

$175.78

4.9%

98266

60

5.0

87.5%

$167,557

48.3% $115.02 22.5%

60

5.0

0.0%

$163,571

-2.4%

$121.38

5.5%

98276

23

1.9

53.3%

$232,933

8.2%

30

2.5

30.4%

$261,069

12.1% $163.90 25.1%

98281

53

4.4

-19.7%

$256,327

-11.3% $186.23 -15.6%

56

4.7

5.7%

$250,896

-2.1%

$188.87

1.4%

98284

53

4.4

0.0%

$235,940

19.7% $161.49

9.7%

71

5.9

34.0%

$266,499

13.0% $163.06

1.0%

98295

26

2.2

-29.7%

$219,869

8.5%

-7.6%

49

4.1

88.5%

$258,402

17.5% $146.09

7.6%

Vol XXVI • No 12 www.realestats.net • 360.798.4014

Ch in Avg $

$/SF

$130.99

$135.83

Ch Avg $/SF

0.0%

$/SF

Ch Avg $/SF

$167.92 -25.4%

©1991-2017 REAL ESTATS INC All Rights Reserved

®

REAL ESTATS ≤

WHATCOM County Washington 2016

%≈

Overviews of Residential Real Estate Activity in Select Counties of Oregon and Washington • Since 1991

Existing Home Sales by Year Built 2014 Year Built

Average $/SF

Ch in $/SF

Before 1960

$210.33

3.5%

1,330

1960's

$198.70 -8.2%

1970's

$175.57

1980's

2015 Average $/SF

Ch in $/SF

$273,913

668

$211.56

0.6%

1,470

$297,754

785

$232.74 10.0%

1,515

$330,310

700

1,423

$270,636

158

$191.31 -3.7%

1,633

$290,900

142

$199.88

4.5%

1,766

$336,659

166

4.4%

1,462

$252,869

398

$173.36 -1.3%

1,614

$274,556

482

$181.40

4.6%

1,677

$295,677

495

$192.53

3.6%

1,701

$318,046

179

$189.32 -1.7%

1,804

$332,303

209

$182.32

-3.7%

1,893

$333,881

221

1990's

$180.40

5.4%

1,802

$319,646

490

$179.22 -0.7%

1,962

$350,087

559

$185.97

3.8%

2,009

$367,180

581

2000

$191.60

7.9%

1,906

$344,988

49

$184.77 -3.6%

1,795

$311,432

58

$182.97

-1.0%

2,152

$382,711

60

2001

$199.51

7.1%

1,883

$383,975

55

$192.74 -3.4%

1,897

$375,662

56

$191.87

-0.5%

2,085

$391,342

64

2002

$180.91

5.3%

1,687

$291,404

45

$194.60

7.6%

2,028

$392,881

76

$202.43

4.0%

2,284

$461,813

72

2003

$180.72

1.5%

2,039

$372,380

61

$175.92 -2.7%

2,018

$348,955

82

$173.62

-1.3%

1,948

$334,002

85

2004

$180.82 10.9%

1,952

$358,282

87

$172.04 -4.9%

2,031

$350,831

97

$177.02

2.9%

2,167

$376,752

101

2005

$179.81 10.7%

1,924

$339,762

99

$170.01 -5.4%

2,094

$351,434

129

$168.65

-0.8%

2,118

$353,442

146

2006

$164.29

2,065

$338,798

79

$161.55 -1.7%

2,269

$357,215

93

$167.29

3.6%

2,320

$381,448

116

2007

$183.86 11.6%

2,159

$382,195

57

$172.22 -6.3%

2,210

$380,391

85

$176.75

2.6%

2,449

$427,678

81

2008

$157.66 -12.0%

2,187

$334,661

39

$175.87 11.5%

2,130

$365,669

52

$177.05

0.7%

2,321

$408,883

54

2009

$168.61

8.6%

2,151

$362,909

16

$189.30 12.3%

2,126

$421,957

29

$187.15

-1.1%

1,981

$380,823

22

2010

$175.14

0.0%

1,981

$344,355

20

$171.12 -2.3%

1,942

$321,324

17

$191.88 12.1%

1,914

$352,555

38

2011

$192.14 24.5%

2,268

$479,056

18

$173.11 -9.9%

1,889

$322,596

22

$185.27

7.0%

1,989

$370,359

31

2012

$180.17

1,941

$353,309

22

$182.67

1.4%

1,855

$341,948

30

$185.39

1.5%

2,036

$370,159

28

$175.75

-

2,086

$364,200

44

$196.57 11.9%

2,189

$419,383

33

$195.47

2,046

$398,143

36

-

2013

New Construction

2014

New Construction

Vol XXVI • No 12 LAM@realestats.net • 360.798.4014

Average Average Size $

New Construction

# Sold

Average $/SF

# Sold

# Sold

2.3%

Average Average Size $

2016 Ch in $/SF

-

Average Average $ Size

©1991-2017 REAL ESTATS INC All Rights Reserved

®

REAL ESTATS ≤

WHATCOM County Washington 2016

%≈

Overviews of Residential Real Estate Activity in Select Counties of Oregon and Washington • Since 1991

New Single Family Sales by Price Ranges 2013 Range of Prices

Total Per # Month

2014 $/SF

Total Per # Mo

Ch in # Sld

2015 $/SF

Ch in $/SF

Total #

Per Mo

Ch in # Sld

$/SF

Ch in $/SF

- $200,000

6

0.5

$130.46

6

0.5

0%

$129.78 -0.5%

3

0.3

-50%

$150.70

16.1%

$200,001

- $225,000

11

0.9

$156.45

9

0.8

-18%

$151.79 -3.0%

9

0.8

0%

$145.57

-4.1%

$225,001

- $250,000

43

3.6

$156.15

33

2.8

-23%

$152.94 -2.1%

21

1.8

-36%

$159.91

4.6%

$250,001

- $275,000

37

3.1

$161.78

34

2.8

-8%

$158.20 -2.2%

29

2.4

-15%

$164.26

3.8%

$275,001

- $300,000

34

2.8

$152.61

36

3.0

6%

$168.02 10.1%

38

3.2

6%

$165.55

-1.5%

$300,001

- $350,000

61

5.1

$154.07

68

5.7

11%

$160.18

4.0%

62

5.2

-9%

$181.64

13.4%

$350,001

- $400,000

36

3.0

$169.16

41

3.4

14%

$162.70 -3.8%

60

5.0

46%

$174.30

7.1%

$400,001

- $450,000

14

1.2

$186.96

21

1.8

50%

$188.06

0.6%

17

1.4

-19%

$179.40

-4.6%

$450,001

- $500,000

9

0.8

$194.33

15

1.3

67%

$195.61

0.7%

24

2.0

60%

$207.51

6.1%

$500,001

- $600,000

5

0.4

$174.68

9

0.8

80%

$190.08

8.8%

22

1.8

144%

$216.39

13.8%

$600,001

- $700,000

1

0.1

$164.69

2

0.2

100%

$196.77 19.5%

4

0.3

100%

$228.05

15.9%

$700,001

- $800,000

0

0.0

-

2

0.2

-

$260.36

-

2

0.2

0%

$255.91

-1.7%

$800,001

- $900,000

1

0.1

$252.64

0

0.0

-100%

-

-

0

0.0

-

-

-

$900,001

- $1,000,000

0

0.0

-

1

0.1

-

$305.00

-

0

0.0 -100%

-

-

0

0.0

-

1

0.1

-

$265.04

-

0

0.0 -100%

-

-

258

21.5

23

8%

$166.40

3.4%

291

$179.07

7.6%

$161.17

0.9%

$173.13

7.4%

$1,000,001 -

Sky

Overall Total Median

Vol XXVI • No 12 www.realestats.net • 360.798.4014

$161.00 278 $159.74

24

5%

©1991-2017 REAL ESTATS INC All Rights Reserved

®

REAL ESTATS ≤

WHATCOM County Washington 2016

%≈

Overviews of Residential Real Estate Activity in Select Counties of Oregon and Washington • Since 1991

New Single Family Sales by Price Ranges with Inventory 2016 Range of Prices

Inventory*

Total #

Per Mo

Ch in # Sld

$/SF

Ch in $/SF

#

# Months

- $200,000

1

0.1

-67%

$214.29

42.2%

0

0.0

$200,001

- $225,000

4

0.3

-56%

$140.26

-3.6%

2

6.0

$225,001

- $250,000

7

0.6

-67%

$174.22

8.9%

1

1.7

$250,001

- $275,000

14

1.2

-52%

$201.03

22.4%

0

0.0

$275,001

- $300,000

33

2.8

-13%

$203.84

23.1%

4

1.5

$300,001

- $350,000

53

4.4

-15%

$183.19

0.9%

8

1.8

$350,001

- $400,000

44

3.7

-27%

$185.37

6.4%

5

1.4

$400,001

- $450,000

43

3.6

153%

$191.38

6.7%

16

4.5

$450,001

- $500,000

14

1.2

-42%

$199.80

-3.7%

9

7.7

$500,001

- $600,000

20

1.7

-9%

$222.07

2.6%

5

3.0

$600,001

- $700,000

5

0.4

25%

$227.68

-0.2%

3

7.2

$700,001

- $800,000

5

0.4

150%

$237.55

-7.2%

3

7.2

$800,001

- $900,000

4

0.3

-

$230.20

-

0

0.0

$900,001

- $1,000,000

1

0.1

-

$214.12

-

0

0.0

2

0.2

-

$383.55

-

1

6.0

250

20.8

-14%

$196.39

9.7%

57

2.7

$192.49

11.2%

*Date

1/26/17

$1,000,001 -

Sky

Overall Total Median

Vol XXVI • No 12 LAM@realestats.net • 360.798.4014

©1991-2017 REAL ESTATS INC All Rights Reserved

®

REAL ESTATS ≤

WHATCOM County Washington 2016

%≈

Overviews of Residential Real Estate Activity in Select Counties of Oregon and Washington • Since 1991

New Single Family Sales by Zip Code 2015

2016

ZIP

Total #

Per Mo

Ch in #/Mo

Avg$

Ch in Avg $

Total #

Per Mo

Ch in #/Mo

Avg$

Ch in Avg $

$/SF

Ch Avg $/SF

98225

11

0.9

10.0%

$432,073

0.7%

$210.97 -17.4%

14

1.2

27.3%

$432,873

0.2%

$231.57

9.8%

98226

59

4.9

-9.2%

$363,288

3.5%

$188.59

5.1%

56

4.7

-5.1%

$368,624

1.5%

$211.44 12.1%

98229

43

3.6

26.5%

$445,256

8.7%

$214.71

9.8%

33

2.8

-23.3%

$502,825

12.9% $218.28

98230

44

3.7

37.5%

$335,141

4.5%

$158.14

4.2%

31

2.6

-29.5%

$383,599

14.5% $183.74 16.2%

98240

2

0.2

-50.0%

$416,000

-3.1%

$197.45 20.6%

0

0.0

-100.0%

-

-

98247

6

0.5

100.0%

$345,067

27.7% $157.93

1.2%

7

0.6

16.7%

$338,271

-2.0%

98248

73

6.1

-9.9%

$325,450

6.8%

$172.77 18.3%

57

4.8

-21.9%

$359,024

10.3% $186.73

8.1%

98264

35

2.9

6.1%

$361,166

7.2%

$169.42

9.5%

36

3.0

2.9%

$421,328

16.7% $178.20

5.2%

98266

2

0.2

-33.3%

$207,778

22.9% $136.25 36.3%

2

0.2

0.0%

$216,000

4.0%

$152.94 12.2%

98276

9

0.8

28.6%

$279,400

13.7% $136.86

0.1%

8

0.7

-11.1%

$300,141

7.4%

$142.59

98284

1

0.1

-

$302,900

-

2

0.2

100.0% $1,483,557 389.8% $383.55 23.3%

98295

6

0.5

50.0%

$247,450

-8.8%

4

0.3

-33.3%

Vol XXVI • No 12 www.realestats.net • 360.798.4014

-

$/SF

$310.99

20.5% $128.68

Ch Avg $/SF

$246,000

-0.6%

-

1.7%

-

$179.07 13.4%

4.2%

$147.44 14.6%

©1991-2017 REAL ESTATS INC All Rights Reserved

®

REAL ESTATS ≤

WHATCOM County Washington 2016

%≈

Overviews of Residential Real Estate Activity in Select Counties of Oregon and Washington • Since 1991

Existing Condo/Attached Sales by Price Ranges 2013 Range of Prices

2014

2015

Total #

Per Mo

$/SF

Total #

Per Mo

Ch in # Sld

$/SF

Ch in $/SF

Total #

Per Mo

Ch in # Sld

$/SF

Ch in $/SF

-

- $175,000

224

18.7

$132.73

221

18.4

-1%

$139.48

5.1%

260

21.7

18%

$146.97

5.4%

$175,001

- $200,000

48

4.0

$160.63

48

4.0

0%

$170.63

6.2%

67

5.6

40%

$172.30

1.0%

$200,001

- $225,000

36

3.0

$186.83

36

3.0

0%

$173.17

-7.3%

45

3.8

25%

$185.78

7.3%

$225,001

- $250,000

32

2.7

$197.05

23

1.9

-28%

$191.17

-3.0%

40

3.3

74%

$199.58

4.4%

$250,001

- $275,000

15

1.3

$188.19

18

1.5

20%

$191.33

1.7%

26

2.2

44%

$203.92

6.6%

$275,001

- $300,000

13

1.1

$195.01

20

1.7

54%

$229.87 17.9%

13

1.1

-35%

$224.55

-2.3%

$300,001

- $350,000

18

1.5

$206.64

14

1.2

-22%

$236.05 14.2%

28

2.3

100% $219.05

-7.2%

$350,001

- $400,000

16

1.3

$298.91

13

1.1

-19%

$253.22 -15.3%

26

2.2

100% $310.95 22.8%

$400,001

- $450,000

9

0.8

$291.16

11

0.9

22%

$269.60

-7.4%

5

0.4

-55%

$254.37

$450,001

- $500,000

4

0.3

$289.55

5

0.4

25%

$278.81

-3.7%

6

0.5

20%

$356.64 27.9%

$500,001

- $600,000

5

0.4

$338.55

5

0.4

0%

$265.12 -21.7%

6

0.5

20%

$308.87 16.5%

$600,001

- $700,000

3

0.3

$352.54

3

0.3

0%

$348.40

-1.2%

5

0.4

67%

$385.74 10.7%

$700,001

- $800,000

1

0.1

$401.71

2

0.2

100% $419.85

4.5%

2

0.2

0%

$421.50

0.4%

$800,001

- $900,000

1

0.1

$413.71

0

0.0

-100%

-

-

1

0.1

-

$473.62

-

$900,001

- $1,000,000

1

0.1

$426.66

0

0.0

-100%

-

-

0

0.0

-

-

-

1

0.1

$565.04

3

0.3

200% $518.71

-8.2%

1

0.1

-67%

$786.38 51.6%

427

35.6

$170.18

422

35.2

$173.96

2.2%

531

44.3

26%

$184.25

5.9%

$155.99

6.5%

$163.86

5.0%

$1,000,001 -

Sky

Overall Total Median Median Price

-1%

$146.43 $173,750

Vol XXVI • No 12 LAM@realestats.net • 360.798.4014

$167,900

-3.4%

$179,000

-5.6%

6.6%

©1991-2017 REAL ESTATS INC All Rights Reserved

®

REAL ESTATS ≤

WHATCOM County Washington 2016

%≈

Overviews of Residential Real Estate Activity in Select Counties of Oregon and Washington • Since 1991

Existing Condo/Attached Sales by Price Ranges with Inventory 2016 Range of Prices

Inventory*

Total #

Per Mo

Ch in # Sld

$/SF

Ch in $/SF

#

# Months

-

-

$175,000

294

24.5

13%

$161.12

9.6%

19

0.8

$175,001

-

$200,000

79

6.6

18%

$182.62

6.0%

2

0.3

$200,001

-

$225,000

66

5.5

47%

$194.90

4.9%

3

0.5

$225,001

-

$250,000

52

4.3

30%

$199.28

-0.2%

1

0.2

$250,001

-

$275,000

37

3.1

42%

$229.98

12.8%

3

1.0

$275,001

-

$300,000

26

2.2

100%

$274.82

22.4%

1

0.5

$300,001

-

$350,000

27

2.3

-4%

$235.46

7.5%

8

3.6

$350,001

-

$400,000

27

2.3

4%

$265.53

-14.6%

2

0.9

$400,001

-

$450,000

15

1.3

200%

$273.89

7.7%

3

2.4

$450,001

-

$500,000

5

0.4

-17%

$312.78

-12.3%

3

7.2

$500,001

-

$600,000

7

0.6

17%

$314.12

1.7%

6

10.3

$600,001

-

$700,000

5

0.4

0%

$335.26

-13.1%

0

0.0

$700,001

-

$800,000

4

0.3

100%

$398.76

-5.4%

0

0.0

$800,001

-

$900,000

0

0.0

-100%

-

-

0

-

$900,001

-

$1,000,000

0

0.0

-

-

-

2

-

$1,000,001

-

Sky

0

0.0

-100%

-

-

0

-

644

53.7

21%

$194.64

5.6%

53

1.0

$172.28

5.1%

Overall Total Median Median Price

Vol XXVI • No 12 www.realestats.net • 360.798.4014

$183,100

*Date 1/26/17

2.3%

©1991-2017 REAL ESTATS INC All Rights Reserved

®

REAL ESTATS ≤

WHATCOM County Washington 2016

%≈

Overviews of Residential Real Estate Activity in Select Counties of Oregon and Washington • Since 1991

New Condo/Attached Sales by Price Ranges 2013 Range of Prices

2014

Total #

Per Mo

$/SF

Total #

Per Mo

Ch in # Sld

2015 Total #

Per Mo

Ch in # Sld

$/SF

Ch in $/SF

0

0.0

-100%

-

-

0

0.0

-

-

-

$145.86 -62.2%

0

0.0

-100%

-

-

100% $267.68 -37.5%

2

0.2

0%

$/SF

Ch in $/SF

-

- $175,000

9

0.8

$330.77

3

0.3

-67%

$175,001

- $200,000

3

0.3

$243.04

0

0.0

-100%

$200,001

- $225,000

1

0.1

$386.12

1

0.1

0%

$225,001

- $250,000

1

0.1

$428.59

2

0.2

$250,001

- $275,000

1

0.1

$196.56

1

0.1

0%

$208.83

6.2%

3

0.3

200% $183.43 -12.2%

$275,001

- $300,000

0

0.0

-

1

0.1

-

$298.94

-

0

0.0

-100%

$300,001

- $350,000

0

0.0

-

2

0.2

-

$284.86

-

3

0.3

50%

$350,001

- $400,000

1

0.1

$120.25

3

0.3

0

0.0

-100%

-

-

$400,001

- $450,000

0

0.0

-

0

0.0

-

0

0.0

-

-

-

$450,001

- $500,000

1

0.1

$109.33

1

0.1

0%

1

0.1

0%

$500,001

- $600,000

0

0.0

-

0

0.0

-

-

-

0

0.0

-

-

-

$600,001

- $700,000

0

0.0

-

0

0.0

-

-

-

0

0.0

-

-

-

$700,001

- $800,000

1

0.1

$338.35

1

0.1

0%

0

0.0

-100%

-

-

$800,001

- $900,000

0

0.0

-

0

0.0

-

-

-

0

0.0

-

-

-

$900,001

- $1,000,000

0

0.0

-

0

0.0

-

-

-

0

0.0

-

-

-

0

0.0

-

3

0.3

-

$518.71

-

0

0.0

-100%

-

-

18

1.5

$293.62

18

1.5

0%

$319.19

8.7%

9

0.8

-50%

$1,000,001 -

Sky

Overall Total Median Median Price

Vol XXVI • No 12 LAM@realestats.net • 360.798.4014

-

-

200% $277.21 130.5%

$352.16 $176,250

$271.31 -18.0%

-

-

$318.71 191.5%

$466.29 37.8%

$291.09 -17.3% $319,250

81.1%

$161.06 -39.8%

-

-

$155.36 -45.5%

$201.85 -36.7%

$171.15 -46.4% $183.26 -37.0%

$270,000

-15.4%

©1991-2017 REAL ESTATS INC All Rights Reserved

®

REAL ESTATS ≤

WHATCOM County Washington 2016

%≈

Overviews of Residential Real Estate Activity in Select Counties of Oregon and Washington • Since 1991

New Condo/Attached Sales by Price Ranges with Inventory 2016 Range of Prices

Inventory*

Total #

Per Mo

Ch in # Sld

$/SF

Ch in $/SF

#

# Months

-

-

$175,000

3

0.3

-

$344.61

-

0

0.0

$175,001

-

$200,000

0

0.0

-

-

-

0

-

$200,001

-

$225,000

0

0.0

-

-

-

0

-

$225,001

-

$250,000

1

0.1

-50%

$183.97

14.2%

0

0.0

$250,001

-

$275,000

2

0.2

-33%

$246.16

34.2%

0

0.0

$275,001

-

$300,000

8

0.7

-

$226.57

-

0

0.0

$300,001

-

$350,000

16

1.3

433%

$220.60

42.0%

0

0.0

$350,001

-