Whatcom County Real Estate Statistics - April 2017 by BuyerMax

REAL ESTATS ≤

WHATCOM County Washington April 2017

%≈

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

Whatcom County Washington April 2017 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 XXVII • No 4 www.realestats.net • 360.798.4014

REAL ESTATS ≤

WHATCOM County Washington April 2017

%≈

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

HIGHLIGHTS April 2017     

(vs. prior month)

Residential sales volume: up 16% Residential transactions: up 12% Existing home transactions: up 7% New home transactions: down 20% Attached units sold: up 74%

Year-to-date 2017      

Residential sales volume: up 8% to $383 million

89 New Single Family Detached 768 Existing Homes 174 Condos and Townhomes

Residential transactions: down 3% to 1,115 Plexes (2-5 units) sales: down 19% to $6 million Land sales: up 5% to $33 million Commercial volume: up 41% to $112 million Average residence: $343,781, up 11%

Foreclosed Single Family Detached Sales      

Sold in 2017

(vs. Year-to-date 2016)

(vs. 2016)

6 sold monthly, down 1% Average sale price: $191,473, down 14% Average $/SF: $140.06, up 6% and 32% less than non-foreclosed sales 33 properties are in some state of foreclosure, up 74% from a year ago 3.1% of existing home sales were foreclosed properties 8 properties in foreclosure represent 1% of the homes for sale

New Single Family Homes (vs. Year-to-date 2016)       

Average sale price: $407,779, up 11% Median sale price: $385,000, up 11% The average $/SF: $199.27, up 1% New homes represent 11% of volume and 10% of units recorded 89 sold vs. 74 sold last year, up 20%; volume: up 33% to $36 million Best range: $300,001 - $350,000 with 4.3 sales per month, down 2% from last year Inventory represents 2.2 months of supply, a sellers’ market

2 homes built 1903 to 2006 were classified as existing though marked by county as new Vol XXVII • No 4 LAM@realestats.net • 360.798.4014

REAL ESTATS ≤

%≈

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

HIGHLIGHTS

WHATCOM County Washington April 2017

(continued)

Existing Homes (vs. Year-to-date 2016)       

Units sold: down 5%; volume: up 4% to $285 million 768 units sold this year vs. 809 last year Average price: $371,406, up 9% Half the homes (median) sold for more than $325,000, up 8% Average $/SF for homes sold at $203.52 (all sales), up 10% Best range: $300,001 - $350,000 with 36 recorded monthly, down 18% from last year Inventory represents 2.3 months of supply, a sellers’ market

Attached (vs. Year-to-date 2016) Includes townhome, row home, and commons and <3,000 SF lots         

Average sale price: $249,667, up 29%; Median $213,170, up 13% Existing median: $205,000, up 12%; New median: $291,900, down 4% 174 sold vs. 170, up 2% (7% new, 13 units); volume: up 32% to $43 million Average $/SF, Existing: $213.43, up 10% from last year’s average Average $/SF, New: $301.04, up 23% Best range, existing: $52,500 - $175,000 with 12.8 monthly, down 48% from last year Existing inventory represents 1.6 months of supply, a strong sellers’ market Best ranges, new: $275,001 - $300,000 and $300,001 - $350,000, each with 0.8 monthly New inventory represents 7.1 months of supply, a sellers’ market

Subdivisions (vs. 2016)       

The average lot sold for $100,146, unchanged Half the lots (median) sold for less than $93,000, up 8% 39.8 sold vs. 34.4 monthly last year, up 15% Best range: $75,001 - $100,000 with 14.3 recorded monthly, up 58% The average lot represents 24.6% of the average new home; 24.2% median to median 12.3 acreage lots sold monthly vs. 13.9 monthly last year, down 12% The average acreage lot sold for $183,217, up 38%; average/acre: $52,288, up 19%

Comments April recordings were up from last month but less than last April with higher prices. The weather, which has plagued most counties in the Northwest, had little impact. With the selling season underway, prices and traffic will increase because sellers’ have the advantage. This will be an excellent year for residential real estate.

Vol XXVII • No 4 www.realestats.net • 360.798.4014

REAL ESTATS ≤

WHATCOM County Washington April 2017

%≈

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

$2,184,000

$878,000

Larrabee Springs South

$3,837,358

$315,000

North Prairie

$4,166,100

$493,500

$292,000

Samish Heights

$2,284,000

$850,000

$717,000

Village on the Green

$1,684,000

$595,000

$540,000

The Highlands

$1,391,210

$486,038

Birch Bay Village

$1,220,900

The Meadows

$1,170,000

Liberty Park

Hovel Estates

Average Price

Average $/SF

% Mkt $

$232,000

$546,000

$193.86

3.9%

$274,900

$295,181

$223.72

12.7%

$347,175

$207.58

11.8%

$761,333

$224.25

2.9%

$561,333

$219.55

2.9%

$449,950

$463,737

$234.20

2.9%

$455,000

$336,000

$406,967

$215.06

2.9%

$395,000

$380,000

$390,000

$201.21

2.9%

$1,014,963

$400,000

$229,963

$338,321

$209.86

2.9%

$861,000

$317,000

$262,000

$287,000

$127.90

2.9%

High Price Low Price

Paradise Lakes

$556,000

$224,000

$150,000

$185,333

$146.54

2.9%

Semiahmoo Shore Condo

$1,711,307

$860,288

$851,019

$855,654

$404.87

2.0%

The Greens @ Loomis Trail

$1,054,990

$635,000

$419,990

$527,495

$169.06

2.0%

Wiser Lake Ridge

$916,000

$499,000

$417,000

$458,000

$167.58

2.0%

Heron Crest

$847,500

$428,500

$419,000

$423,750

$203.19

2.0%

Berryland Estates

$727,000

$364,000

$363,000

$363,500

$191.92

2.0%

Maple Ridge

$669,000

$354,000

$315,000

$334,500

$157.75

2.0%

The Commons @ Cordata

$600,146

$330,246

$269,900

$300,073

$231.90

2.0%

Wildwood Resort Condo

$481,823

$329,899

$151,924

$240,912

$579.03

2.0%

Travis

$729,000

$233.80

1.0%

Am Academy Hills Estates

$690,000

$274.68

1.0%

Fairhaven Harbor Twnhms

$647,000

$263.01

1.0%

Spyglass Estates

$575,000

$144.07

1.0%

Triple J Farms

$569,000

$214.72

1.0%

Deming

$550,000

$224.49

1.0%

Hawthorne Meadows

$539,000

$233.13

1.0%

Birch Street

$506,843

$235.74

1.0%

Hannah Creek

$504,109

$208.05

1.0%

Bristol Heights

$499,900

$163.26

1.0%

Schwartz

$469,900

$159.29

1.0%

West View

$465,000

$195.87

1.0%

TOTAL

$31,938,049

$860,288

$150,000

$394,297

$212.24

79.4%

Vol XXVII • No 4 LAM@realestats.net • 360.798.4014

REAL ESTATS ≤

WHATCOM County Washington April 2017

%≈

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

Short Plat/Lot Line Adj

$2,184,000

$878,000

North Prairie

$4,166,100

$493,500

Larrabee Springs South

$3,837,358

$315,000

$274,900

$295,181

$223.72

9.3%

Samish Heights

$2,284,000

$850,000

$717,000

$761,333

$224.25

5.5%

Semiahmoo Shore Condo

$1,711,307

$860,288

$851,019

$855,654

$404.87

4.1%

Village on the Green

$1,684,000

$595,000

$540,000

$561,333

$219.55

4.1%

The Highlands

$1,391,210

$486,038

$449,950

$463,737

$234.20

3.4%

Birch Bay Village

$1,220,900

$455,000

$336,000

$406,967

$215.06

3.0%

The Meadows

$1,170,000

$395,000

$380,000

$390,000

$201.21

2.8%

The Greens @ Loomis Trail

$1,054,990

$635,000

$419,990

$527,495

$169.06

2.6%

Average Price

Average $/SF

% Mkt $

$232,000

$546,000

$193.86

5.3%

$292,000

$347,175

$207.58

10.1%

High Price Low Price

Liberty Park

$1,014,963

$400,000

$229,963

$338,321

$209.86

2.5%

Wiser Lake Ridge

$916,000

$499,000

$417,000

$458,000

$167.58

2.2%

Hovel Estates

$861,000

$317,000

$262,000

$287,000

$127.90

2.1%

Heron Crest

$847,500

$428,500

$419,000

$423,750

$203.19

2.1%

Travis

$729,000

$233.80

1.8%

Berryland Estates

$727,000

$364,000

$363,000

$363,500

$191.92

1.8%

Am Academy Hills Estates

$690,000

$274.68

1.7%

Maple Ridge

$669,000

$354,000

$315,000

$334,500

$157.75

1.6%

Fairhaven Harbor Twnhms

$647,000

$263.01

1.6%

The Commons @ Cordata

$600,146

$330,246

$269,900

$300,073

$231.90

1.5%

Spyglass Estates

$575,000

$144.07

1.4%

Triple J Farms

$569,000

$214.72

1.4%

Paradise Lakes

$556,000

$224,000

$150,000

$185,333

$146.54

1.3%

Deming

$550,000

$224.49

1.3%

Hawthorne Meadows

$539,000

$233.13

1.3%

Birch Street

$506,843

$235.74

1.2%

Hannah Creek

$504,109

$208.05

1.2%

Bristol Heights

$499,900

$163.26

1.2%

Wildwood Resort Condo

$481,823

$329,899

$151,924

$240,912

$579.03

1.2%

Schwartz

$469,900

$159.29

1.1%

West View

$465,000

$195.87

1.1%

TOTAL

$31,938,049

$860,288

$150,000

$394,297

$212.24

82.6%

Vol XXVII • No 4 www.realestats.net • 360.798.4014

REAL ESTATS ≤

WHATCOM County Washington April 2017

%≈

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

Average Price

Average $/SF

% Mkt $

Larrabee Springs Inc

$4,113,258

$315,000

$274,900

$293,804

$226.45

13.7%

Greenbriar Construction Corp

$1,966,600

Skeers Construction Inc

$2,402,162

$347,900

$311,900

$327,767

$225.83

5.9%

$506,843

$449,950

$480,432

$229.28

4.9%

Barkley North LLC

$1,684,000

$595,000

$540,000

$561,333

$219.55

2.9%

Roosendaal-Honcoop Const

$1,219,900

$434,900

$385,000

$406,633

$219.35

2.9%

6 7

Rubicon Idc LLC

$1,209,000

$419,000

$395,000

$403,000

$212.59

2.9%

Everkept Construction Inc

$894,500

$305,000

$292,000

$298,167

$186.01

2.9%

Heutink Rock L & S A Trust

$861,000

$317,000

$262,000

$287,000

$127.90

2.9%

Dbw Whatcom LLC

$1,711,307

$860,288

$851,019

$855,654

$404.87

2.0%

High Price Low Price

Samish Heights Inc

$1,434,000

$717,000

$219.80

2.0%

Alliance Properties 2000 LLC

$1,418,000

$729,000

$689,000

$709,000

$230.75

2.0%

Masons Houseworks Inc

$1,119,000

$569,000

$550,000

$559,500

$219.60

2.0%

Deboer LLC

$636,963

$407,000

$229,963

$318,482

$188.61

2.0%

Cordata Green LLC

$600,146

$330,246

$269,900

$300,073

$231.90

2.0%

Lake Whatcom Resort Ptshp

$481,823

$329,899

$151,924

$240,912

$579.03

2.0%

Maushak James F

$878,000

$279.08

1.0%

Brashear Dylan A

$850,000

$233.13

1.0%

Fuller Homes LLC

$690,000

$274.68

1.0%

Fairhaven Harbor Townhomes LLC

$647,000

$263.01

1.0%

Hough Paul & Gay Trust

$635,000

$188.82

1.0%

Cv Homes LLC

$575,000

$144.07

1.0%

Hawthorne Land Dev LLC

$539,000

$233.13

1.0%

Akam Holdings LLP

$499,900

$163.26

1.0%

Wise Lake Ridge LLC

$499,000

$174.66

1.0%

Keystone Project LLC

$493,500

$154.22

1.0%

Top Notch Builders LLC

$469,900

$159.29

1.0%

West View Dev LLC

$465,000

$195.87

1.0%

North Prairie LLC

$459,999

$154.05

1.0%

Wiebe Leroy J & Janice L

$455,000

$222.60

1.0%

Scott Jacqueline J

$450,000

$208.82

1.0%

TOTAL

$30,357,958

$878,000

$151,924

$439,970

$212.24

67.6%

Vol XXVII • No 4 LAM@realestats.net • 360.798.4014

REAL ESTATS ≤

WHATCOM County Washington April 2017

%≈

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

Larrabee Springs Inc

$4,113,258

$315,000

Skeers Construction Inc

$2,402,162

$506,843

Greenbriar Construction Corp

$1,966,600

Dbw Whatcom LLC

Barkley North LLC

Samish Heights Inc

7 8

Average Price

Average $/SF

% Mkt $

$274,900

$293,804

$226.45

10.0%

$449,950

$480,432

$229.28

5.8%

$347,900

$311,900

$327,767

$225.83

4.8%

$1,711,307

$860,288

$851,019

$855,654

$404.87

4.1%

$1,684,000

$595,000

$540,000

$561,333

$219.55

4.1%

$1,434,000

$717,000

$219.80

3.5%

Alliance Properties 2000 LLC

$1,418,000

$729,000

$689,000

$709,000

$230.75

3.4%

Roosendaal-Honcoop Const

$1,219,900

$434,900

$385,000

$406,633

$219.35

3.0%

High Price Low Price

Rubicon Idc LLC

$1,209,000

$419,000

$395,000

$403,000

$212.59

2.9%

Masons Houseworks Inc

$1,119,000

$569,000

$550,000

$559,500

$219.60

2.7%

Everkept Construction Inc

$894,500

$305,000

$292,000

$298,167

$186.01

2.2%

Maushak James F

$878,000

$279.08

2.1%

Heutink Rock L & S A Trust

$861,000

$317,000

$262,000

$287,000

$127.90

2.1%

Brashear Dylan A

$850,000

$233.13

2.1%

Fuller Homes LLC

$690,000

$274.68

1.7%

Fairhaven Harbor Townhomes LLC

$647,000

$263.01

1.6%

Deboer LLC

$636,963

$407,000

$229,963

$318,482

$188.61

1.5%

Hough Paul & Gay Trust

$635,000

$188.82

1.5%

Cordata Green LLC

$600,146

$330,246

$269,900

$300,073

$231.90

1.5%

Cv Homes LLC

$575,000

$144.07

1.4%

Hawthorne Land Dev LLC

$539,000

$233.13

1.3%

Akam Holdings LLP

$499,900

$163.26

1.2%

Wise Lake Ridge LLC

$499,000

$174.66

1.2%

Keystone Project LLC

$493,500

$154.22

1.2%

Lake Whatcom Resort Ptshp

$481,823

$329,899

$151,924

$240,912

$579.03

1.2%

Top Notch Builders LLC

$469,900

$159.29

1.1%

West View Dev LLC

$465,000

$195.87

1.1%

North Prairie LLC

$459,999

$154.05

1.1%

Wiebe Leroy J & Janice L

$455,000

$222.60

1.1%

Scott Jacqueline J

$450,000

$208.82

1.1%

TOTAL

$30,357,958

$878,000

$151,924

$439,970

$212.24

73.5%

Vol XXVII • No 4 www.realestats.net • 360.798.4014

REAL ESTATS ≤

WHATCOM County Washington April 2017

%≈

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

Bar Chart of Monthly Residential Sales 2011

2012

2013

2014

2015

2016

2017

550

500

450

400

350

300

250

200

150

100

50 Jan

Feb

Mar

Apr

Vol XXVII • No 4 LAM@realestats.net • 360.798.4014

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

REAL ESTATS ≤

%≈

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

WHATCOM County Washington April 2017

Average Monthly Price of Residential Recordings $375,000 Apr‘ 17 $354,950

$350,000

$325,000

Oct ‘06 - $324,976

$300,000

$275,000

$250,000

$225,000

Feb ‘12 - $224,129

$200,000

Vol XXVII • No 4 www.realestats.net • 360.798.4014

REAL ESTATS ≤

%≈

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

WHATCOM County Washington April 2017

There are currently 632 residences for sale and since 350 sold in April, this represents 1.8 months of supply, up 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 XXVII • No 4 LAM@realestats.net • 360.798.4014

REAL ESTATS ≤

WHATCOM County Washington April 2017

%≈

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

REO Sales as % of Existing Homes Sold 2012

2013

2014

2015

2016

2017

Month

% of All Sold

Jan

17.5%

24.2%

10.9%

13.0%

5.7%

4.5%

Feb

21.9%

15.7%

13.4%

13.1%

4.6%

3.5%

Mar

12.8%

9.8%

18.4%

11.9%

2.1%

3.5%

Apr

13.4%

10.1%

12.7%

8.2%

2.2%

1.7%

May

12.3%

8.5%

7.7%

4.9%

2.2%

Jun

6.2%

9.4%

7.8%

4.9%

2.0%

Jul

7.5%

6.7%

7.0%

2.2%

1.3%

Aug

5.7%

6.3%

4.0%

3.5%

0.6%

Sep

8.9%

6.7%

10.1%

4.0%

0.6%

Oct

12.9%

9.6%

5.8%

0.8%

2.6%

Nov

6.7%

11.2%

6.9%

3.8%

4.0%

Dec

6.5%

10.6%

10.0%

4.7%

4.6%

Total

216

10.2%

235

9.8%

230

9.1%

175

5.7%

2.3%

3.1%

Change

Avg $/SF

Change

$131.42

3.3%

$128.12

-2.5%

$133.45

4.2%

$126.20

-5.4%

$132.50

5.0%

$140.06

Average $ $199,069

1.1%

$193,616

-2.7%

$201,329

4.0%

$204,587

1.6%

$223,751

9.4%

$191,473 -14.4%

Vol XXVII • No 4 www.realestats.net • 360.798.4014

5.7%

REAL ESTATS ≤

WHATCOM County Washington April 2017

%≈

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

Four Years-to-date Compared County Records

Jan-Apr 2014

Ch '14 vs '13

Jan-Apr 2015

Ch '15 vs '14

Jan-Apr 2016

Ch '16 vs '15

Jan-Apr 2017

Ch '17 vs '16

Existing Residences

$180,389,970

7.7%

$260,283,755

44.3%

$275,141,285

5.7%

$285,239,781

3.7%

# In County

637

4.6%

853

33.9%

809

-5.2%

768

-5.1%

Largest

$2,250,000

87.5%

$1,800,000

-20.0%

$2,075,000

15.3%

$2,345,000

13.0%

Average

$283,187

2.9%

$305,139

7.8%

$340,100

11.5%

$371,406

9.2%

Median

$244,125

-2.0%

$268,375

9.9%

$300,125

11.8%

$325,000

8.3%

Average $/SF

$180.60

6.3%

$183.56

1.6%

$184.49

0.5%

$203.52

10.3%

New Construction

$22,863,830

7.4%

$30,073,278

31.5%

$27,293,614

-9.2%

$36,292,309

33.0%

# In County

0.0%

22.5%

-14.9%

20.3%

Largest

$915,000

60.5%

$705,000

-23.0%

$730,000

3.5%

$878,000

20.3%

Average

$322,026

7.4%

$345,670

7.3%

$368,833

6.7%

$407,779

10.6%

Median

$299,231

8.6%

$317,063

6.0%

$346,256

9.2%

$385,000

11.2%

% Of $ New

11.2%

-0.2%

10.4%

-7.9%

9.0%

-12.9%

11.3%

25.1%

% Of Units New

10.0%

-4.0%

9.3%

-7.7%

8.4%

-9.5%

10.4%

23.9%

Condominiums

$23,963,258

-14.0%

$24,003,481

0.2%

$32,963,472

37.3%

$43,441,993

31.8%

# In County

112

-18.2%

129

15.2%

170

31.8%

174

2.4%

Average

$213,958

5.2%

$186,073

-13.0%

$193,903

4.2%

$249,667

28.8%

Mobile Homes

$7,797,234

-14.4%

$8,215,304

5.4%

$12,165,495

48.1%

$12,496,926

2.7%

# in County

-12.5%

17.9%

9.1%

-6.9%

Plexes

$8,212,430

-8.8%

$17,085,124

108.0%

$7,447,000

-56.4%

$6,001,042

-19.4%

# Buildings

-17.9%

78.3%

-46.3%

-22.7%

Units

-16.7%

67.3%

-39.1%

-26.8%

Average Unit

$149,317

9.5%

$185,708

24.4%

$132,982

-28.4%

$146,367

10.1%

Total Volume (Residential)

$243,226,722

3.6%

$339,660,942

39.6%

$355,010,866

4.5%

$383,472,051

8.0%

# In County

899

-1.1%

1,176

30.8%

1,147

-2.5%

1,115

-2.8%

Average Res'l Unit (No Plexes)

$268,281

4.7%

$284,208

5.9%

$308,946

8.7%

$343,781

11.3%

Land

$24,734,793

-20.4%

$29,512,693

19.3%

$31,134,275

5.5%

$32,568,488

4.6%

# In County

190

-13.6%

257

35.3%

205

-20.2%

220

7.3%

Largest

$3,100,000

-47.3%

$1,350,000

-56.5%

$3,493,925

158.8%

$1,526,000

-56.3%

Average

$130,183

-7.8%

$114,835

-11.8%

$151,875

32.3%

$148,039

-2.5%

Commercial

$60,802,584

-4.8%

$77,790,352

27.9%

$79,530,082

2.2%

$112,438,760

41.4%

# In County

-2.3%

2.4%

-18.6%

-7.1%

Grand Total Volume

$328,764,099

-0.3%

$446,963,987

36.0%

$465,675,223

4.2%

$528,479,299

13.5%

Total # In County

1,173

-3.5%

1,519

29.5%

1,422

-6.4%

1,400

-1.5%

Vol XXVII • No 4 LAM@realestats.net • 360.798.4014

REAL ESTATS ≤

WHATCOM County Washington April 2017

%≈

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

Current Month Compared County Records

Apr '14

Ch '14 vs. '13

Apr '15

Ch '15 vs. '14

Apr '16

Ch '16 vs. '15

Apr '17

Ch '17 vs. '16

Existing Residences

$53,600,399

-5.4%

$92,661,480

72.9%

$94,635,874

2.1%

$95,306,172

0.7%

# In County

173

-8.0%

280

61.8%

272

-2.9%

241

-11.4%

Largest

$1,310,000

63.8%

$1,800,000

37.4%

$1,290,000

-28.3%

$2,345,000

81.8%

Average

$309,829

2.8%

$330,934

6.8%

$347,926

5.1%

$395,461

13.7%

Median

$258,000

-6.2%

$280,000

8.5%

$311,500

11.3%

$337,000

8.2%

Average $/SF

$189.46

8.3%

$194.61

2.7%

$197.78

1.6%

$211.57

7.0%

New Construction

$5,323,540

-1.6%

$9,549,850

79.4%

$8,820,652

-7.6%

$7,237,248

-18.0%

# In County

-5.3%

50.0%

-14.8%

-13.0%

Largest

$449,000

17.5%

$595,000

32.5%

$600,000

0.8%

$549,000

-8.5%

Average

$295,752

3.8%

$353,698

19.6%

$383,507

8.4%

$361,862

-5.6%

Median

$278,075

-0.7%

$312,900

12.5%

$363,000

16.0%

$359,450

-1.0%

% Of $ New

9.0%

3.6%

9.3%

3.4%

8.5%

-8.7%

7.1%

-17.2%

% Of Units New

9.4%

2.7%

8.8%

-6.7%

7.8%

-11.3%

7.7%

-1.7%

Condominiums

$5,993,803

-2.7%

$8,323,262

38.9%

$10,374,495

24.6%

$16,135,134

55.5%

# In County

-18.8%

57.7%

22.0%

32.0%

Average

$230,531

19.8%

$203,006

-11.9%

$207,490

2.2%

$244,472

17.8%

Mobile Homes

$3,179,635

35.4%

$2,670,450

-16.0%

$3,950,400

47.9%

$3,424,350

-13.3%

# in County

84.6%

-4.2%

17.4%

-37.0%

Plexes

$2,151,500

38.6%

$6,419,937

198.4%

$989,000

-84.6%

$2,344,500

137.1%

# Buildings

0.0%

133.3%

-78.6%

100.0%

Units

25.0%

100.0%

-70.0%

77.8%

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

$143,433

10.9%

$213,998

49.2%

$109,889

-48.6%

$146,531

33.3%

$70,248,877

-2.6%

$119,624,979

70.3%

$118,770,421

-0.7%

$124,447,404

4.8%

247

-4.3%

385

55.9%

375

-2.6%

350

-6.7%

$282,562

0.9%

$305,135

8.0%

$316,617

3.8%

$354,950

12.1%

$5,375,139

-21.3%

$7,532,395

40.1%

$7,416,906

-1.5%

$11,663,222

57.3%

# In County

-27.4%

77.8%

-21.3%

25.4%

Largest

$762,500

14.7%

$1,350,000

77.0%

$575,000

-57.4%

$900,000

56.5%

Average

$119,448

8.4%

$94,155

-21.2%

$117,729

25.0%

$147,636

25.4%

Commercial

$12,137,000

-1.1%

$23,103,678

90.4%

$7,121,500

-69.2%

$17,283,239

142.7%

# In County

-36.4%

64.3%

-52.2%

63.6%

Grand Total Volume

$87,761,016

-3.8%

$150,261,052

71.2%

$133,308,827

-11.3%

$153,393,865

15.1%

Total # In County

306

-10.5%

488

59.5%

449

-8.0%

447

-0.4%

Vol XXVII • No 4 www.realestats.net • 360.798.4014

REAL ESTATS ≤

WHATCOM County Washington April 2017

%≈

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

January Compared County Records

Jan '14

Ch '14 vs. '13

Jan '15

Ch '15 vs. '14

Jan '16

Ch '16 vs. '15

Jan '17

Ch '17 vs. '16

Existing Residences

$35,950,928

9.1%

$45,710,131

27.1%

$37,576,948

-17.8%

$51,017,136

35.8%

# In County

129

7.5%

162

25.6%

122

-24.7%

157

28.7%

Largest

$1,287,000

7.3%

$830,000

-35.5%

$940,000

13.3%

$1,985,000

111.2%

Average

$278,689

1.5%

$282,161

1.2%

$308,008

9.2%

$324,950

5.5%

Median

$235,000

-4.4%

$265,000

12.8%

$280,000

5.7%

$296,000

5.7%

Average $/SF

$182.14

8.0%

$176.25

-3.2%

$175.11

-0.6%

$192.58

10.0%

New Construction

$4,171,118

60.9%

$6,698,400

60.6%

$4,109,583

-38.6%

$12,753,959

210.3%

# In County

75.0%

50.0%

-42.9%

141.7%

Largest

$424,950

-25.4%

$580,000

36.5%

$540,100

-6.9%

$878,000

62.6%

Average

$297,937

-8.1%

$318,971

7.1%

$342,465

7.4%

$439,792

28.4%

Median

$306,450

18.9%

$294,900

-3.8%

$330,000

11.9%

$385,000

16.7%

% Of $ New

10.4%

42.5%

12.8%

22.9%

9.9%

-22.9%

20.0%

102.9%

% Of Units New

9.8%

56.6%

11.5%

17.2%

9.0%

-22.0%

15.6%

74.1%

Condominiums

$5,942,881

31.4%

$3,705,366

-37.7%

$4,732,720

27.7%

$8,098,671

71.1%

# In County

13.6%

-20.0%

45.0%

34.5%

Average

$237,715

15.6%

$185,268

-22.1%

$163,197

-11.9%

$207,658

27.2%

Mobile Homes

$1,585,930

-1.0%

$1,251,843

-21.1%

$1,835,795

46.6%

$3,267,466

78.0%

# in County

0.0%

-27.3%

62.5%

53.8%

Plexes

$1,342,930

-47.9%

$3,491,337

160.0%

$2,426,750

-30.5%

$819,042

-66.2%

# Buildings

-50.0%

100.0%

-25.0%

-50.0%

Units

-57.9%

137.5%

-15.8%

-62.5%

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

$167,866

23.8%

$183,755

9.5%

$151,672

-17.5%

$136,507

-10.0%

$48,993,787

10.7%

$60,857,077

24.2%

$50,681,796

-16.7%

$75,956,274

49.9%

183

8.3%

219

19.7%

182

-16.9%

248

36.3%

$266,206

2.9%

$271,876

2.1%

$274,176

0.8%

$306,683

11.9%

$7,918,276

-42.5%

$7,394,732

-6.6%

$6,310,781

-14.7%

$5,772,020

-8.5%

# In County

52.6%

-12.1%

-19.6%

-2.4%

Largest

$855,000

-85.5%

$700,000

-18.1%

$1,550,000

121.4%

$595,000

-61.6%

Average

$136,522

-62.3%

$144,995

6.2%

$153,921

6.2%

$144,301

-6.3%

Commercial

$16,444,100

-37.2%

$20,926,914

27.3%

$15,230,461

-27.2%

$6,609,875

-56.6%

# In County

31.8%

-37.9%

5.6%

-47.4%

Grand Total Volume

$73,356,163

-12.9%

$89,178,723

21.6%

$72,223,038

-19.0%

$88,338,169

22.3%

Total # In County

270

17.9%

288

6.7%

242

-16.0%

298

23.1%

Vol XXVII • No 4 www.realestats.net • 360.798.4014

REAL ESTATS ≤

WHATCOM County Washington April 2017

%≈

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

February Compared County Records

Feb '14

Ch '14 vs. '13

Feb '15

Ch '15 vs. '14

Feb '16

Ch '16 vs. '15

Feb '17

Ch '17 vs. '16

Existing Residences

$34,988,536

11.3%

$50,413,635

44.1%

$58,713,825

16.5%

$58,060,902

-1.1%

# In County

134

5.5%

175

30.6%

173

-1.1%

144

-16.8%

Largest

$837,500

5.6%

$1,425,000

70.1%

$1,250,000

-12.3%

$1,900,000

52.0%

Average

$261,108

5.5%

$288,078

10.3%

$339,386

17.8%

$403,201

18.8%

Median

$235,000

2.2%

$258,500

10.0%

$305,000

18.0%

$335,250

9.9%

Average $/SF

$171.53

4.7%

$175.72

2.4%

$180.83

2.9%

$211.00

16.7%

New Construction

$4,208,372

-15.5%

$4,307,817

2.4%

$4,723,796

9.7%

$5,494,638

16.3%

# In County

-17.6%

-7.1%

0.0%

15.4%

Largest

$450,000

-7.2%

$595,000

32.2%

$525,000

-11.8%

$690,000

31.4%

Average

$300,598

2.6%

$331,371

10.2%

$363,369

9.7%

$366,309

0.8%

Median

$297,500

10.2%

$330,000

10.9%

$354,900

7.5%

$323,000

-9.0%

% Of $ New

10.7%

-21.5%

7.9%

-26.7%

7.4%

-5.4%

8.6%

16.1%

% Of Units New

9.5%

-19.9%

6.9%

-26.9%

7.0%

1.1%

9.4%

35.0%

Condominiums

$5,767,734

-4.8%

$4,513,194

-21.8%

$5,779,850

28.1%

$9,060,300

56.8%

# In County

-17.2%

8.3%

26.9%

-6.1%

Average

$240,322

15.1%

$173,584

-27.8%

$175,147

0.9%

$292,268

66.9%

Mobile Homes

$2,054,000

-8.8%

$1,894,460

-7.8%

$2,267,200

19.7%

$2,401,910

5.9%

# in County

-36.8%

33.3%

-31.3%

9.1%

Plexes

$2,991,300

50.9%

$3,850,000

28.7%

$2,193,300

-43.0%

$485,000

-77.9%

# Buildings

40.0%

0.0%

-14.3%

-66.7%

Units

20.0%

-5.6%

-23.5%

-69.2%

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

$166,183

25.8%

$226,471

36.3%

$168,715

-25.5%

$121,250

-28.1%

$50,009,942

7.1%

$64,979,106

29.9%

$73,677,971

13.4%

$75,502,750

2.5%

191

-3.0%

237

24.1%

236

-0.4%

204

-13.6%

$255,536

9.7%

$265,779

4.0%

$310,803

16.9%

$371,375

19.5%

$7,098,421

55.2%

$7,859,392

10.7%

$6,118,025

-22.2%

$2,859,141

-53.3%

# In County

-10.0%

4.4%

-25.5%

-28.6%

Largest

$3,100,000

705.2%

$872,111

-71.9%

$767,000

-12.1%

$260,000

-66.1%

Average

$157,743

72.5%

$167,221

6.0%

$174,801

4.5%

$114,366

-34.6%

Commercial

$11,912,154

-6.7%

$11,093,630

-6.9%

$15,711,193

41.6%

$6,379,146

-59.4%

# In County

-36.4%

14.3%

0.0%

6.3%

Grand Total Volume

$69,020,517

7.8%

$83,932,128

21.6%

$95,507,189

13.8%

$84,741,037

-11.3%

Total # In County

250

-7.1%

300

20.0%

287

-4.3%

246

-14.3%

Vol XXVII • No 4 LAM@realestats.net • 360.798.4014

REAL ESTATS ≤

WHATCOM County Washington April 2017

%≈

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

March Compared County Records

Mar '14

Ch '14 vs. '13

Mar '15

Ch '15 vs. '14

Mar '16

Ch '16 vs. '15

Mar '17

Ch '17 vs. '16

Existing Residences

$55,850,107

20.1%

$71,498,509

28.0%

$84,214,638

17.8%

$80,855,571

-4.0%

# In County

201

15.5%

236

17.4%

242

2.5%

226

-6.6%

Largest

$2,250,000

210.3%

$1,100,000

-51.1%

$2,075,000

88.6%

$1,539,000

-25.8%

Average

$277,861

4.0%

$302,960

9.0%

$347,994

14.9%

$357,768

2.8%

Median

$248,500

1.2%

$270,000

8.7%

$304,000

12.6%

$330,000

8.6%

Average $/SF

$179.27

4.2%

$187.65

4.7%

$184.22

-1.8%

$197.78

7.4%

New Construction

$9,160,800

10.3%

$9,517,211

3.9%

$9,639,583

1.3%

$10,806,464

12.1%

# In County

-7.4%

4.0%

0.0%

-3.8%

Largest

$915,000

80.7%

$705,000

-23.0%

$730,000

3.5%

$729,000

-0.1%

Average

$366,432

19.1%

$366,047

-0.1%

$370,753

1.3%

$432,259

16.6%

Median

$314,900

6.8%

$330,450

4.9%

$337,125

2.0%

$423,500

25.6%

% Of $ New

14.1%

-7.0%

11.7%

-16.6%

10.3%

-12.6%

11.8%

14.8%

% Of Units New

11.1%

-17.6%

9.9%

-10.3%

9.7%

-2.2%

10.0%

2.7%

Condominiums

$6,258,840

-43.8%

$7,461,659

19.2%

$12,076,407

61.8%

$10,147,888

-16.0%

# In County

-31.5%

13.5%

38.1%

-34.5%

Average

$169,158

-17.9%

$177,659

5.0%

$208,214

17.2%

$267,050

28.3%

Mobile Homes

$977,669

-66.4%

$2,398,551

145.3%

$4,112,100

71.4%

$3,403,200

-17.2%

# in County

-57.1%

111.1%

10.5%

-14.3%

Plexes

$1,726,700

-40.3%

$3,323,850

92.5%

$1,837,950

-44.7%

$2,352,500

28.0%

# Buildings

-33.3%

100.0%

-41.7%

-14.3%

Units

-30.0%

85.7%

-30.8%

-16.7%

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

$123,336

-14.7%

$127,840

3.7%

$102,108

-20.1%

$156,833

53.6%

$73,974,116

3.1%

$94,199,780

27.3%

$111,880,678

18.8%

$107,565,623

-3.9%

278

-2.5%

335

20.5%

354

5.7%

313

-11.6%

$265,616

6.5%

$281,350

5.9%

$317,126

12.7%

$342,714

8.1%

$4,342,957

-26.3%

$6,726,174

54.9%

$11,288,563

67.8%

$12,274,105

8.7%

# In County

-40.0%

88.1%

-16.5%

15.2%

Largest

$725,000

104.2%

$565,000

-22.1%

$3,493,925

518.4%

$1,526,000

-56.3%

Average

$103,404

22.8%

$85,141

-17.7%

$171,039

100.9%

$161,501

-5.6%

Commercial

$20,309,330

60.5%

$22,666,130

11.6%

$41,466,928

82.9%

$82,166,500

98.1%

# In County

35.0%

7.4%

-17.2%

-16.7%

Grand Total Volume

$98,626,403

9.2%

$123,592,084

25.3%

$164,636,169

33.2%

$202,006,228

22.7%

Total # In County

347

-7.5%

443

27.7%

444

0.2%

409

-7.9%

Vol XXVII • No 4 www.realestats.net • 360.798.4014

REAL ESTATS ≤

WHATCOM County Washington April 2017

%≈

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

Existing Home Sales by Price Ranges 2014 Range of Prices -

Total #

Per Ch in Mo # Sld

2015

$/SF

Ch in $/SF

Total #

Per Ch in Mo # Sld

$/SF

2016 Ch in $/SF

Total #

Per Mo

Ch in # Sld

$/SF

Ch in $/SF

- $175,000

412

34.3

$132.08

7.2%

335

27.9 -19% $130.57 -1.1%

228

19.0

-32% $131.81

0.9%

$175,001 - $200,000

195

16.3

$163.54

7.9%

222

18.5 14%

$158.33 -3.2%

140

11.7

-37% $166.48

5.2%

$200,001 - $225,000

238

19.8

-2%

$172.41

1.1%

215

17.9 -10% $172.14 -0.2%

190

15.8

-12% $181.76

5.6%

$225,001 - $250,000

288

24.0

$175.48 -2.3%

333

27.8 16%

$179.51

2.3%

284

23.7

-15% $180.60

0.6%

$250,001 - $275,000

265

22.1 19%

$183.82

2.0%

322

26.8 22%

$180.27 -1.9%

300

25.0

-7%

$191.70

6.3%

$275,001 - $300,000

207

17.3

$181.38

0.7%

314

26.2 52%

$184.20

1.6%

294

24.5

-6%

$188.79

2.5%

$300,001 - $350,000

310

25.8 14%

$196.29

5.2%

431

35.9 39%

$190.80 -2.8%

525

43.8

22%

$197.56

3.5%

$350,001 - $400,000

186

15.5 10%

$207.89

5.6%

275

22.9 48%

$196.93 -5.3%

348

29.0

27%

$194.06 -1.5%

$400,001 - $450,000

120

10.0 -14% $224.73

2.6%

188

15.7 57%

$205.15 -8.7%

259

21.6

38%

$201.76 -1.7%

$450,001 - $500,000

7.0

$236.27

5.1%

129

10.8 54%

$213.31 -9.7%

155

12.9

20%

$208.11 -2.4%

$500,001 - $600,000

111

9.3

28%

$257.65

0.2%

116

9.7

$227.85 -11.6%

179

14.9

54%

$224.19 -1.6%

$600,001 - $700,000

4.5

$303.40

7.0%

4.8

$246.42 -18.8%

112

9.3

93%

$235.12 -4.6%

$700,001 - $800,000

1.9

-21% $320.55 -2.9%

2.9

52%

$257.19 -19.8%

4.4

51%

$233.03 -9.4%

$800,001 - $900,000

0.9

22%

2.4

164% $326.80 -2.5%

1.8

-28% $339.65

$900,001 - $1,000,000

1.2

600% $370.69 -21.1%

0.7

-43% $397.47

1.2

75%

1.8

69%

3.1

68%

$370.58 -11.6%

2.3

-24% $363.17 -2.0%

2,540 212

3,047 254

20%

$187.11 -1.2%

$1,000,001 -

Sky

Overall Total Median

Vol XXVII • No 4 www.realestats.net • 360.798.4014

$335.13

1.7%

$419.26 -0.2% $189.34

4.0%

$173.60

3.5%

$174.37

7.2%

0.4%

3,130 260.8

3.9%

$314.02 -21.0%

$194.40

3.9%

$182.64

4.7%

REAL ESTATS ≤

WHATCOM County Washington April 2017

%≈

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

Existing Home Sales by Price Ranges with Inventory 2017 Range of Prices

Inventory*

Total #

Per Mo

Ch in # Sld

$/SF

Ch in $/SF

# Months

$175,000

13.0

-32%

$123.03

-6.7%

1.2

$175,001

$200,000

6.3

-46%

$158.94

-4.5%

1.1

$200,001

$225,000

9.3

-42%

$169.13

-6.9%

0.5

$225,001

$250,000

15.8

-33%

$211.14

16.9%

0.6

$250,001

$275,000

18.3

-27%

$196.01

2.3%

1.2

$275,001

$300,000

17.5

-29%

$195.43

3.5%

1.0

$300,001

$350,000

144

36.0

-18%

$219.47

11.1%

1.0

$350,001

$400,000

22.0

-24%

$195.37

0.7%

2.2

$400,001

$450,000

15.5

-28%

$212.81

5.5%

2.4

$450,001

$500,000

11.8

-9%

$205.86

-1.1%

3.1

$500,001

$600,000

11.8

-21%

$235.52

5.1%

4.9

$600,001

$700,000

5.0

-46%

$196.33

-16.5%

8.6

$700,001

$800,000

3.3

-26%

$252.63

8.4%

10.5

$800,001

$900,000

1.8

$269.71

-20.6%

9.7

$900,001

$1,000,000

0.5

-57%

$198.14

-36.9%

28.0

$1,000,001

Sky

4.5

93%

$342.09

-5.8%

10.7

192.0 -26%

$203.52

4.7%

450

2.3

$191.46

4.8%

*Date

5/15/17

Overall Total Median

Vol XXVII • No 4 LAM@realestats.net • 360.798.4014

768

REAL ESTATS ≤

WHATCOM County Washington April 2017

%≈

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

Existing Single Family Sales by Zip Code 2016

2017

ZIP

Total #

Per Mo

Ch in #/Mo

Avg$

Ch in Avg $

Total #

Per Mo

Ch in #/Mo

Avg$

98220

0.4

66.7%

$321,660

-5.6%

0.5

20.0%

$264,450

-17.8% $119.02 -29.1%

98225

452

37.7

5.4%

$398,244

13.6% $250.99

7.2%

108

27.0

-28.3%

$450,380

13.1% $263.36

4.9%

98226

490

40.8

7.3%

$199.44

1.4%

141

35.3

-13.7%

$403,604

5.6%

$211.08

5.8%

98229

635

52.9

7.1%

$383,419

8.3%

$190.53

0.7%

137

34.3

-35.3%

$403,181

5.2%

$205.44

7.8%

98230

379

31.6

17.7%

$324,162

3.2%

$184.16

5.9%

18.0

-43.0%

$362,099

11.7% $195.22

6.0%

98240

3.8

39.4%

$375,389

17.1% $186.44 17.5%

2.0

-47.8%

$325,265

-13.4% $188.54

1.1%

98244

6.0

38.5%

$259,885

7.3%

98247

6.5

-15.2% $332,201

98248

385

32.1

0.0%

98262

2.1

8.7%

98264

297

24.8

98266

5.0

0.0%

98276

2.5

98281

98284 98295

-10.3% $382,270

$/SF

Ch Avg $/SF

$167.92 -25.4%

Ch in Avg $

$/SF

Ch Avg $/SF

$169.14

2.7%

6.0

0.0%

$266,715

2.6%

10.5% $181.17

6.6%

6.5

0.0%

$390,247

17.5% $199.24 10.0%

$325,240

12.9% $183.49

5.6%

22.3

-30.6%

$315,241

-3.1%

$344,259

-11.4% $257.20

0.4%

2.5

20.0%

$270,450

-21.4% $206.98 -19.5%

-16.1% $331,307

$188.50 11.4%

$173.43

-5.5%

6.4%

$175.78

4.9%

24.8

0.0%

$355,952

7.4%

$187.41

6.6%

$163,571

-2.4%

$121.38

5.5%

3.3

-35.0%

$176,688

8.0%

$126.71

4.4%

30.4%

$261,069

12.1% $163.90 25.1%

1.5

-40.0%

$290,833

11.4% $152.98

-6.7%

4.7

5.7%

$250,896

-2.1%

$188.87

1.4%

1.8

-62.5%

$256,857

2.4%

$209.66 11.0%

5.9

34.0%

$266,499

13.0% $163.06

1.0%

3.8

-36.6%

$267,246

0.3%

$164.67

4.1

88.5%

$258,402

17.5% $146.09

7.6%

2.8

-32.7%

$259,665

0.5%

$171.87 17.6%

Vol XXVII • No 4 www.realestats.net • 360.798.4014

1.0%

REAL ESTATS ≤

WHATCOM County Washington April 2017

%≈

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

Existing Home Sales by Year Built 2015

2016

2017 # Sold

Average $/SF

Ch in $/SF

$330,310

700

$233.62

0.4%

1,583

$354,853

189

1,766

$336,659

166

$220.59 10.4%

1,695

$356,187

4.6%

1,677

$295,677

495

$188.55

3.9%

1,763

$326,078

136

$182.32

-3.7%

1,893

$333,881

221

$188.36

3.3%

1,925

$364,203

559

$185.97

3.8%

2,009

$367,180

581

$198.70

6.8%

2,022

$381,979

124

$311,432

$182.97

-1.0%

2,152

$382,711

$204.05 11.5%

1,974

$360,638

1,897

$375,662

$191.87

-0.5%

2,085

$391,342

$213.57 11.3%

1,863

$407,800

7.6%

2,028

$392,881

$202.43

4.0%

2,284

$461,813

$184.73

-8.7%

2,058

$368,567

2003

$175.92 -2.7%

2,018

$348,955

$173.62

-1.3%

1,948

$334,002

$194.70 12.1%

2,248

$421,463

2004

$172.04 -4.9%

2,031

$350,831

$177.02

2.9%

2,167

$376,752

101

$194.76 10.0%

2,295

$476,334

2005

$170.01 -5.4%

2,094

$351,434

129

$168.65

-0.8%

2,118

$353,442

146

$192.41 14.1%

2,331

$457,636

2006

$161.55 -1.7%

2,269

$357,215

$167.29

3.6%

2,320

$381,448

116

$170.12

1.7%

2,358

$395,670

2007

$172.22 -6.3%

2,210

$380,391

$176.75

2.6%

2,449

$427,678

$191.34

8.3%

2,165

$406,480

2008

$175.87 11.5%

2,130

$365,669

$177.05

0.7%

2,321

$408,883

$199.68 12.8%

2,499

$465,995

2009

$189.30 12.3%

2,126

$421,957

$187.15

-1.1%

1,981

$380,823

$152.04 -18.8%

2,744

$378,675

2010

$171.12 -2.3%

1,942

$321,324

$191.88 12.1%

1,914

$352,555

$184.06

-4.1%

1,817

$340,111

2011

$173.11 -9.9%

1,889

$322,596

$185.27

7.0%

1,989

$370,359

2012

$182.67

1.4%

1,855

$341,948

$185.39

1.5%

2,036

$370,159

$201.44

8.7%

1,888

$377,888

2013

$175.75

2,086

$364,200

$196.57 11.9%

2,189

$419,383

$202.93

3.2%

2,092

$412,069

$195.47

2,046

$398,143

$183.40

-6.2%

2,222

$396,675

$178.64

1,400

$250,100

Year Built

Average $/SF

Ch in $/SF

Average Average Size $

Before 1960

$211.56

0.6%

1,470

$297,754

785

$232.74 10.0%

1,515

1960's

$191.31 -3.7%

1,633

$290,900

142

$199.88

4.5%

1970's

$173.36 -1.3%

1,614

$274,556

482

$181.40

1980's

$189.32 -1.7%

1,804

$332,303

209

1990's

$179.22 -0.7%

1,962

$350,087

2000

$184.77 -3.6%

1,795

2001

$192.74 -3.4%

2002

$194.60

2014

New Construction

2015

New Construction

# Sold

Vol XXVII • No 4 LAM@realestats.net • 360.798.4014

Average $/SF

Ch in $/SF

Average Average $ Size

New Construction

Average Average $ Size

# Sold

REAL ESTATS ≤

WHATCOM County Washington April 2017

%≈

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

New Single Family Sales by Price Ranges 2014 Range of Prices

Total Per Ch in # Mo # Sld

- $200,000

0.5

$200,001

- $225,000

$225,001

- $250,000

$250,001

$/SF

Ch in Total Per Ch in $/SF # Mo # Sld

2016

$/SF

Ch in Total Per Ch in $/SF # Mo # Sld

$/SF

Ch in $/SF

$129.78 -0.5%

0.3 -50% $150.70 16.1%

0.1

-67% $214.29 42.2%

0.8 -18%

$151.79 -3.0%

0.8

$145.57 -4.1%

0.3

-56% $140.26 -3.6%

2.8 -23%

$152.94 -2.1%

1.8 -36% $159.91 4.6%

0.6

-67% $174.22 8.9%

- $275,000

2.8

-8%

$158.20 -2.2%

2.4 -15% $164.26 3.8%

1.2

-52% $201.03 22.4%

$275,001

- $300,000

3.0

$168.02 10.1%

3.2

$165.55 -1.5%

2.8

-13% $203.84 23.1%

$300,001

- $350,000

5.7

11%

$160.18 4.0%

5.2

-9%

$181.64 13.4%

4.4

-15% $183.19 0.9%

$350,001

- $400,000

3.4

14%

$162.70 -3.8%

5.0

46%

$174.30 7.1%

3.7

-27% $185.37 6.4%

$400,001

- $450,000

1.8

50%

$188.06 0.6%

1.4 -19% $179.40 -4.6%

3.6

153% $191.38 6.7%

$450,001

- $500,000

1.3

67%

$195.61 0.7%

2.0

1.2

-42% $199.80 -3.7%

$500,001

- $600,000

0.8

80%

$190.08 8.8%

1.8 144% $216.39 13.8%

1.7

-9%

$222.07 2.6%

$600,001

- $700,000

0.2 100% $196.77 19.5%

0.3 100% $228.05 15.9%

0.4

25%

$227.68 -0.2%

$700,001

- $800,000

0.2

0.4

150% $237.55 -7.2%

$800,001

- $900,000

0.0 -100%

$900,001

- $1,000,000

0.1

1 278

$1,000,001 -

Sky

Overall Total

2015

60%

$260.36

0.2

0.0

$305.00

0.1

$265.04

Median

Vol XXVII • No 4 www.realestats.net • 360.798.4014

$166.40 3.4% $161.17 0.9%

291

$207.51 6.1%

$255.91 -1.7% -

0.3

$230.20

0.0 -100%

0.1

$214.12

0.0 -100%

0.2

$383.55

$179.07 7.6% $173.13 7.4%

250

20.8 -14% $196.39 9.7% $192.49 11.2%

REAL ESTATS ≤

WHATCOM County Washington April 2017

%≈

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

New Single Family Sales by Price Ranges with Inventory 2017 Range of Prices

Inventory*

Total #

Per Mo

Ch in # Sld

$/SF

Ch in $/SF

# Months

$200,000

0.3

200%

$138.89

-35.2%

0.0

$200,001

$225,000

0.5

50%

$143.91

2.6%

0.0

$225,001

$250,000

0.8

29%

$156.46

-10.2%

0.0

$250,001

$275,000

1.0

-14%

$198.35

-1.3%

0.0

$275,001

$300,000

2.8

$210.35

3.2%

1.5

$300,001

$350,000

4.3

-4%

$203.01

10.8%

0.9

$350,001

$400,000

3.0

-18%

$194.98

5.2%

2.3

$400,001

$450,000

3.3

-9%

$188.33

-1.6%

3.4

$450,001

$500,000

2.3

93%

$188.50

-5.7%

3.6

$500,001

$600,000

2.3

35%

$213.20

-4.0%

3.1

$600,001

$700,000

0.8

80%

$230.40

1.2%

5.3

$700,001

$800,000

0.8

80%

$224.47

-5.5%

2.7

$800,001

$900,000

0.5

50%

$256.11

11.3%

2.0

$900,001

$1,000,000

0.0

-100%

$1,000,001

Sky

0.0

-100%

22.3

$199.27

1.5%

2.2

$206.85

7.5%

*Date

5/15/17

Overall Total Median

Vol XXVII • No 4 LAM@realestats.net • 360.798.4014

REAL ESTATS ≤

WHATCOM County Washington April 2017

%≈

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

New Single Family Sales by Zip Code 2016 ZIP

Total #

Per Mo

Ch in #/Mo

98225

1.2

98226

98229

2017 $/SF

Ch Avg $/SF

Total #

Per Mo

Ch in #/Mo

Avg$

Ch in Avg $

0.2%

$231.57

9.8%

0.3

-78.6%

$440,000

1.6%

$368,624

1.5%

$211.44 12.1%

5.0

7.1%

$416,103

12.9% $216.95

2.6%

-23.3%

$502,825

12.9% $218.28

1.7%

2.5

-9.1%

$610,416

21.4% $228.06

4.5%

2.6

-29.5%

$383,599

14.5% $183.74 16.2%

2.5

-3.2%

$406,219

5.9%

$189.09

2.9%

0.0

0.5

$385,500

$169.68

98244

0.0

-100.0%

0.3

$878,000

$279.08

98247

0.6

16.7%

$338,271

-2.0%

0.5

-14.3%

$334,500

-1.1%

$157.75 -11.9%

98248

4.8

-21.9%

$359,024

10.3% $186.73

8.1%

3.8

-21.1%

$386,687

7.7%

$198.98

98264

3.0

2.9%

$421,328

16.7% $178.20

5.2%

5.0

66.7%

$366,625

-13.0% $198.58 11.4%

98266

0.2

0.0%

$216,000

4.0%

$152.94 12.2%

1.3

650.0%

$210,420

-2.6%

$157.97

3.3%

98276

0.7

-11.1%

$300,141

7.4%

$142.59

4.2%

0.0

-100.0%

98284

0.2

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

0.0

-100.0%

98295

0.3

-33.3%

0.8

125.0%

$287,000

Avg$

Ch in Avg $

27.3%

$432,873

4.7

-5.1%

2.8

98230

98240

$246,000

Vol XXVII • No 4 www.realestats.net • 360.798.4014

-0.6%

$179.07 13.4%

$147.44 14.6%

$/SF

Ch Avg $/SF

$160.53 -30.7%

6.6%

16.7% $127.90 -13.3%

REAL ESTATS ≤

WHATCOM County Washington April 2017

%≈

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

Existing Condo/Attached Sales by Price Ranges 2014 Range of Prices

Total Per # Mo

2015

Ch in # Sld

$/SF

Ch in Total Per Ch in $/SF # Mo # Sld

- $175,000

221

18.4

-1%

$139.48

5.1%

260

$175,001

- $200,000

4.0

$170.63

6.2%

$200,001

- $225,000

3.0

$225,001

- $250,000

1.9

$250,001

- $275,000

$275,001

- $300,000

$300,001

2016

$/SF

Ch in Total Per $/SF # Mo

Ch in # Sld

$/SF

Ch in $/SF

21.7 18%

$146.97 5.4%

294

24.5

13%

$161.12

9.6%

5.6

40%

$172.30 1.0%

6.6

18%

$182.62

6.0%

$173.17 -7.3%

3.8

25%

$185.78 7.3%

5.5

47%

$194.90

4.9%

-28%

$191.17 -3.0%

3.3

74%

$199.58 4.4%

4.3

30%

$199.28 -0.2%

1.5

20%

$191.33

2.2

44%

$203.92 6.6%

3.1

42%

$229.98 12.8%

1.7

54%

$229.87 17.9%

1.1

-35% $224.55 -2.3%

2.2

100% $274.82 22.4%

- $350,000

1.2

-22%

$236.05 14.2%

2.3

100% $219.05 -7.2%

2.3

-4%

$235.46

$350,001

- $400,000

1.1

-19%

$253.22 -15.3%

2.2

100% $310.95 22.8%

2.3

$265.53 -14.6%

$400,001

- $450,000

0.9

22%

$269.60 -7.4%

0.4

-55% $254.37 -5.6%

1.3

200% $273.89

$450,001

- $500,000

0.4

25%

$278.81 -3.7%

0.5

20%

$356.64 27.9%

0.4

-17%

$312.78 -12.3%

$500,001

- $600,000

0.4

$265.12 -21.7%

0.5

20%

$308.87 16.5%

0.6

17%

$314.12

$600,001

- $700,000

0.3

$348.40 -1.2%

0.4

67%

$385.74 10.7%

0.4

$700,001

- $800,000

0.2

4.5%

0.2

$421.50 0.4%

0.3

$800,001

- $900,000

0.0 -100%

0.1

$473.62

0.0 -100%

$900,001

- $1,000,000

0.0 -100%

0.0

0.3

0.1

0.0 -100%

422

35.2

$194.64

5.6%

$172.28

5.1%

$1,000,001 -

Sky

Overall Total

100% $419.85

200% $518.71 -8.2% -1%

Median Median Price

1.7%

$167,900

Vol XXVII • No 4 LAM@realestats.net • 360.798.4014

$173.96

2.2%

$155.99

6.5% -3.4%

531

-67% $786.38 51.6%

44.3 26%

$184.25 5.9%

644

53.7

6.6%

7.7%

1.7%

$335.26 -13.1%

100% $398.76 -5.4%

21%

$163.86 5.0% $179,000

7.5%

$183,100

2.3%

REAL ESTATS ≤

WHATCOM County Washington April 2017

%≈

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

Existing Condo/Attached Sales by Price Ranges with Inventory 2017

Inventory*

Range of Prices

Total #

Per Mo

Ch in # Sld

$/SF

Ch in $/SF

# Months

$175,000

12.8

-48%

$176.46

9.5%

1.6

$175,001

$200,000

7.0

$197.35

8.1%

0.9

$200,001

$225,000

3.8

-32%

$232.51

19.3%

0.8

$225,001

$250,000

4.5

$233.03

16.9%

0.9

$250,001

$275,000

1.5

-51%

$182.95

-20.4%

2.0

$275,001

$300,000

1.5

-31%

$230.72

-16.0%

2.0

$300,001

$350,000

3.3

44%

$201.15

-14.6%

1.2

$350,001

$400,000

1.5

-33%

$288.11

8.5%

3.3

$400,001

$450,000

1.8

40%

$283.73

3.6%

0.6

$450,001

$500,000

1.0

140%

$265.41

-15.1%

5.0

$500,001

$600,000

1.3

114%

$291.34

-7.2%

5.6

$600,001

$700,000

0.3

-40%

$339.83

1.4%

0.0

$700,001

$800,000

0.0

-100%

$800,001

$900,000

0.0

$900,001

$1,000,000

0.3

$484.83

0.0

$1,000,001

Sky

0.0

161

40.3

-25%

$213.43

9.7%

1.6

$199.07

15.6%

*Date

5/15/17

Overall Total Median Median Price

Vol XXVII • No 4 www.realestats.net • 360.798.4014

$205,000

12.0%

REAL ESTATS ≤

WHATCOM County Washington April 2017

%≈

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

New Condo/Attached Sales by Price Ranges 2014 Range of Prices

Total Per Ch in # Mo # Sld

- $175,000

0.3 -67%

$175,001

- $200,000

0.0 -100%

$200,001

- $225,000

0.1

$225,001

- $250,000

$250,001

2015

$/SF

Ch in $/SF

$/SF

Ch in $/SF

Total #

Per Ch in Mo # Sld

$/SF

Ch in $/SF

0.0 -100%

0.3

$344.61

0.0

$145.86 -62.2%

0.0 -100%

0.0

0.2 100% $267.68 -37.5%

0.2

$161.06 -39.8%

0.1 -50% $183.97 14.2%

- $275,000

0.1

$208.83

6.2%

0.3 200% $183.43 -12.2%

0.2 -33% $246.16 34.2%

$275,001

- $300,000

0.1

$298.94

0.0 -100%

0.7

$300,001

- $350,000

0.2

$284.86

0.3

1.3 433% $220.60 42.0%

$350,001

- $400,000

0.3 200% $277.21 130.5%

0.0 -100%

0.0

$400,001

- $450,000

0.0

0.2

$261.49

$450,001

- $500,000

0.1

0.2 100% $306.60 51.9%

$500,001

- $600,000

0.0

$600,001

- $700,000

0.0

$700,001

- $800,000

0.1

0.0 -100%

0.1

$181.60

$800,001

- $900,000

0.0

$900,001

- $1,000,000

0.0

0.3

$518.71

0.0 -100%

0.1

$409.24

1.5

$319.19

8.7%

0.8 -50%

3.0 300% $243.87 42.5%

$1,000,001 -

Sky

Overall Total

Median Median Price

$271.31 -18.0%

Total Per Ch in # Mo # Sld

2016

$318.71 191.5%

$466.29 37.8%

50%

$291.09 -17.3% $319,250

Vol XXVII • No 4 LAM@realestats.net • 360.798.4014

81.1%

$155.36 -45.5%

$201.85 -36.7%

$171.15 -46.4%

$183.26 -37.0% $270,000

-15.4%

$226.57

$232.07 26.6% $304,950

12.9%

REAL ESTATS ≤

WHATCOM County Washington April 2017

%≈

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

New Condo/Attached Sales by Price Ranges with Inventory 2017

Inventory*

Range of Prices

Total #

Per Mo

Ch in # Sld

$/SF

Ch in $/SF

# Months

$175,000

0.3

$584.32

69.6%

4.0

$175,001

$200,000

0.3

$146.77

0.0

$200,001

$225,000

0.0

$225,001

$250,000

0.3

200%

$191.64

4.2%

0.0

$250,001

$275,000

0.3

50%

$253.19

2.9%

0.0

$275,001

$300,000

0.8

13%

$227.96

0.6%

4.0

$300,001

$350,000

0.8

-44%

$327.00

48.2%

1.3

$350,001

$400,000

0.0

$400,001

$450,000

0.0

-100%

$450,001

$500,000

0.0

-100%

$500,001

$600,000

0.0

$600,001

$700,000

0.3

$263.01

8.0

$700,001

$800,000

0.0

-100%

$800,001

$900,000

0.5

$404.87

6.0

$900,001

$1,000,000

0.0

$1,000,001

Sky

0.0

-100%

3.3

$301.04

23.4%

7.1

$231.67

-0.2%

*Date

5/15/17

Overall Total Median Median Price

Vol XXVII • No 4 www.realestats.net • 360.798.4014

$291,900

-4.3%

REAL ESTATS ≤

WHATCOM County Washington April 2017

%≈

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

All Condo/Attached Unit Sales by Zip Code 2016

2017

ZIP

Total #

Per Mo

Ch in #/Mo

Avg$

Ch in Avg $

$/SF

Ch Avg $/SF

Total #

Per Mo

Ch in #/Mo

98225

161

13.4

1.3%

$256,568

5.5%

$236.81

4.1%

12.8

-5.0%

98226

208

17.3

45.5%

$218,820

15.8%

$185.10

10.7%

13.0

98229

7.1

18.1%

$165,602

-6.8%

$153.54

-1.7%

98230

7.3

17.3%

$218,010

-4.8%

$207.68

-2.5%

98244

1.8

50.0%

$60,415

93.4%

$113.85

98247

0.8

125.0%

98248

1.3

14.3%

98262

0.3

300.0%

98264

5.1

15.1%

$213,503

11.9%

98266

0.0

98281

0.3

200.0%

98284

1.1

98295

0.7

$/SF

Ch Avg $/SF

$297,044 15.8%

$260.10

9.8%

-25.0%

$233,930

6.9%

$208.00

12.4%

4.5

-36.5%

$209,915 26.8%

$183.07

19.2%

5.0

-31.8%

$300,771 38.0%

$229.67

10.6%

156.4%

0.8

-57.1%

$62,500

3.5%

$120.17

5.5%

$243,878 -12.0% $156.79

3.2%

0.5

-33.3%

$238,500

-2.2%

$181.45

15.7%

$171,234

$175.02

35.0%

1.8

31.3%

$182,686

6.7%

$157.15

-10.2%

$340,125 126.8% $186.65

111.5%

0.0

-100.0%

$157.49

15.7%

4.3

-16.4%

$201,904

-5.4%

$170.41

8.2%

0.3

$182,000

$146.77

$135,867 -45.7% $136.24

-42.7%

0.3

0.0%

550.0%

$223,831 -13.8% $583.63

-10.3%

0.5

-53.8%

$240,912

7.6%

$579.03

-0.8%

700.0%

$133,563

2.5%

0.0

-100.0%

Vol XXVII • No 4 LAM@realestats.net • 360.798.4014

8.7%

-8.5%

$98.31

Avg$

Ch in Avg $

$295,000 117.1% $280.69

106.0%

REAL ESTATS ≤

WHATCOM County Washington April 2017

%≈

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

Subdivision Lot Sales 2014

Less than an acre Lot Price Range $1,000

$50,001

Lots

2015

Ch '14 Monthly vs '13

2016

Ch '15 Monthly vs '14

Lots

2017

Ch '16 Monthly vs '15

Lots

Ch '17 Monthly vs '16

$50,000

287

23.9

-13%

166

13.8

-42%

5.9

-57%

3.8

-37%

$75,000

131

10.9

-14%

5.9

-46%

8.3

39%

7.5

-9%

$75,001

- $100,000

6.6

121

10.1

53%

108

9.0

-11%

14.3

58%

$100,001

- $150,000

4.0

17%

5.3

33%

6.7

25%

8.8

31%

$150,001

- $200,000

1.2

-7%

1.3

2.6

107%

3.5

35%

$200,001

- $300,000

0.8

-25%

0.5

-33%

1.3

167%

2.0

50%

$300,001

sky

0.4

25%

0.5

20%

0.7

33%

0.0

-100%

TOTAL

573

47.8

-10%

449

37.4

-22%

413

34.4

-8%

159

39.8

15%

Average Price:

$60,040

$76,306

27%

$100,574

32%

$100,146

% Avg Lot/Avg New Home

17.9%

-5%

21.3%

19%

25.2%

18%

24.6%

-2%

Median Price:

$50,000

$75,000

50%

$85,750

14%

$93,000

% Median to Median

16.0%

-4%

22.1%

38%

23.6%

24.2%

Subdivision Lot Sales by Size Year Square Foot Ranges

2014 # % of Sold Total

2015

Average $

% Ch $

# % of Sold Total

2016

Average # % of % Ch $ $ Sold Total

2017

Average # % of % Ch $ $ Sold Total

Average % Ch $ $

unknown

$30,000

-62%

Land Condo Recreational

177

31%

$14,147

-12%

20%

$15,328

$32,545

112%

$19,244

-41%

- 5,000

$55,276

20%

$62,163

12%

$95,812

54%

$139,333

45%

5,001 - 7,500

13%

$70,622

-4%

14%

$82,939

17%

16%

$91,238

10%

18%

$82,295

-10%

7,501 - 10,000

100

17%

$74,863

114

25%

$80,691

103

25%

$86,989

38%

$100,909

16%

10,001 - 15,000

10%

$82,040

-4%

15%

$111,158

35%

22%

$101,152

-9%

13%

$114,267

13%

15,001 - 43,559

114

20%

$102,530

18%

$111,510

105

25%

$142,678

28%

24%

$120,360

-16%

Total

574

$60,040

449

$76,306

27%

413

$100,574

32%

159

$100,146

Vol XXVII • No 4 www.realestats.net • 360.798.4014

REAL ESTATS ≤

WHATCOM County Washington April 2017

%≈

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

Acreage Lot Sales 1 - 20 Acres Lot Price Range

Lots

2014

2015

2016

Ch '14 Monthly vs '13

Ch '15 Monthly vs '14

Ch '16 Monthly vs '15

Lots

2017 Lots

Monthly

Ch '17 vs '16

$1,900

- $50,000

2.7

1.2

-56%

0.9

-21%

0.5

-45%

$50,001

$75,000

2.3

1.0

-56%

2.3

125%

0.8

-67%

$75,001

- $100,000

2.1

-75%

2.8

36%

2.8

-3%

3.0

$100,001

- $150,000

3.8

4.2

3.6

-14%

2.0

-44%

$150,001

- $200,000

1.8

2.5

36%

2.8

10%

2.5

-9%

$200,001

- $300,000

0.8

-50%

1.7

122%

1.3

-25%

1.8

40%

$300,001

sky

0.3

-60%

0.9

175%

0.4

-55%

1.8

320%

TOTAL

165

13.8

-34%

171

14.3

167

13.9

-2%

12.3

-12%

Average Price:

$115,386

-2.7%

$154,446

33.9%

$132,469

-14.2%

$183,217

38.3%

Median Price:

$100,000

24.1%

$126,756

26.8%

$110,500

-12.8%

$155,000

40.3%

Average $/Acre

$45,461

4.8%

$55,526

22.1%

$43,821

-21.1%

$52,288

19.3%

Vol XXVII • No 4 LAM@realestats.net • 360.798.4014

REAL ESTATS ≤

WHATCOM County Washington April 2017

%≈

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

Four Years Compared 2005 - 2008 County Records

2005

Ch '05 vs '04

2006

Ch '06 vs '05

2007

Ch '07 vs '06

2008

Ch '08 vs '07

Existing Residences

$1,107,164,411

42.6%

$911,644,785

-17.7%

$846,054,785

-7.2%

$617,979,243

-27.0%

# In County

3,848

17.0%

2,969

-22.8%

2,535

-14.6%

1,897

-25.2%

Largest

$2,525,000

9.8%

$3,043,000

20.5%

$3,071,545

0.9%

$3,300,000

7.4%

Average

$287,725

21.8%

$307,054

6.7%

$333,749

8.7%

$325,767

-2.4%

Median

$250,000

22.0%

$268,500

7.4%

$285,000

6.1%

$276,780

-2.9%

Average $/SF

$187.70

21.2%

$206.64

10.1%

$211.13

2.2%

$215.49

2.1%

New Construction

$258,179,383

32.4%

$192,379,432

-25.5%

$175,375,234

-8.8%

$123,701,994

-29.5%

# In County

831

12.4%

556

-33.1%

479

-13.8%

361

-24.6%

Largest

$1,300,281

66.3%

$2,216,875

70.5%

$1,610,491

-27.4%

$1,480,000

-8.1%

Average

$310,685

17.8%

$346,006

11.4%

$366,128

5.8%

$342,665

-6.4%

Median

$277,900

15.8%

$310,000

11.6%

$329,879

6.4%

$304,750

-7.6%

% Of $ New

18.9%

-5.8%

17.4%

-7.8%

17.2%

-1.5%

16.7%

-2.9%

% Of Units New

17.8%

-3.2%

15.8%

-11.2%

15.9%

0.8%

16.0%

0.6%

Condominiums

$125,000,572

26.9%

$161,230,231

29.0%

$168,549,777

4.5%

$120,349,205

-28.6%

# In County

652

9.9%

711

9.0%

743

4.5%

525

-29.3%

Average

$191,719

15.4%

$226,765

18.3%

$226,850

0.0%

$229,237

1.1%

Mobile Homes

$59,568,742

78.3%

$50,762,683

-14.8%

$46,541,310

-8.3%

$36,770,893

-21.0%

# in County

395

58.0%

278

-29.6%

278

0.0%

223

-19.8%

Plexes

$32,642,660

-0.6%

$35,175,592

7.8%

$36,275,761

3.1%

$28,402,744

-21.7%

# Buildings

-20.3%

1.1%

106

11.6%

-25.5%

Units

251

-16.3%

241

-4.0%

270

12.0%

181

-33.0%

Average Unit

$130,050

18.8%

$145,957

12.2%

$134,355

-7.9%

$156,921

16.8%

Total Volume (Residential)

$1,582,555,767

39.3%

$1,351,192,722

-14.6%

$1,272,796,867

-5.8%

$927,204,079

-27.2%

# In County

5,820

16.7%

4,609

-20.8%

4,141

-10.2%

3,085

-25.5%

Average Res'l Unit (No Plexes)

$270,680

19.5%

$291,541

7.7%

$306,449

5.1%

$299,002

-2.4%

Land

$201,681,583

76.1%

$114,659,334

-43.1%

$121,759,878

6.2%

$167,876,356

37.9%

# In County

1,104

14.5%

487

-55.9%

616

26.5%

517

-16.1%

Largest

$7,950,000

-11.7%

$3,762,500

-52.7%

$4,200,000

11.6%

$48,069,884

1044.5%

Average

$182,683

53.8%

$235,440

28.9%

$197,662

-16.0%

$324,712

64.3%

Commercial

$282,044,123

68.4%

$299,496,347

6.2%

$255,482,131

-14.7%

$194,522,930

-23.9%

# In County

310

31.4%

249

-19.7%

238

-4.4%

228

-4.2%

Grand Total Volume

$2,066,281,473

45.7%

$1,765,348,403

-14.6%

$1,650,038,876

-6.5%

$1,289,603,365

-21.8%

Total # In County

7,234

16.9%

5,345

-26.1%

4,995

-6.5%

3,830

-23.3%

Vol XXVII • No 4 www.realestats.net • 360.798.4014

REAL ESTATS ≤

WHATCOM County Washington April 2017

%≈

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

Four Years Compared 2009 - 2012 County Records

2009

Ch '09 vs '08

2010

Ch '10 vs '09

2011

Ch '11 vs '10

2012

Ch '12 vs '11

Existing Residences

$587,580,543

-4.9%

$539,488,701

-8.2%

$514,295,127

-4.7%

$611,296,175

18.9%

# In County

1,935

2.0%

1,820

-5.9%

1,800

-1.1%

2,110

17.2%

Largest

$2,500,000

-24.2%

$1,846,400

-26.1%

$2,500,000

35.4%

$1,950,000

-22.0%

Average

$303,659

-6.8%

$296,422

-2.4%

$285,720

-3.6%

$289,714

1.4%

Median

$260,000

-6.1%

$258,000

-0.8%

$248,000

-3.9%

$250,000

0.8%

Average $/SF

$175.28

-18.7%

$187.35

6.9%

$174.65

-6.8%

$177.01

1.4%

New Construction

$75,421,415

-39.0%

$50,524,649

-33.0%

$46,734,041

-7.5%

$64,084,494

37.1%

# In County

245

-32.1%

181

-26.1%

170

-6.1%

226

32.9%

Largest

$892,600

-39.7%

$875,000

-2.0%

$515,000

-41.1%

$580,000

12.6%

Average

$307,843

-10.2%

$279,142

-9.3%

$274,906

-1.5%

$283,560

3.1%

Median

$267,800

-12.1%

$259,000

-3.3%

$262,000

1.2%

$274,300

4.7%

% Of $ New

11.4%

-31.8%

8.6%

-24.7%

8.3%

-2.7%

9.5%

13.9%

% Of Units New

11.2%

-29.7%

9.0%

-19.5%

8.6%

-4.6%

9.7%

12.1%

Condominiums

$77,539,724

-35.6%

$81,304,210

4.9%

$59,075,263

-27.3%

$76,887,086

30.2%

# In County

374

-28.8%

336

-10.2%

288

-14.3%

388

34.7%

Average

$207,325

-9.6%

$241,977

16.7%

$205,122

-15.2%

$198,163

-3.4%

Mobile Homes

$32,032,455

-12.9%

$28,691,992

-10.4%

$23,937,011

-16.6%

$23,220,796

-3.0%

# in County

217

-2.7%

217

0.0%

198

-8.8%

203

2.5%

Plexes

$23,473,415

-17.4%

$25,156,061

7.2%

$22,607,351

-10.1%

$40,010,844

77.0%

# Buildings

-20.3%

-1.6%

11.3%

109

58.0%

Units

139

-23.2%

151

8.6%

166

9.9%

266

60.2%

Average Unit

$168,873

7.6%

$166,596

-1.3%

$136,189

-18.3%

$150,417

10.4%

Total Volume (Residential)

$796,047,552

-14.1%

$725,165,613

-8.9%

$666,648,793

-8.1%

$815,499,395

22.3%

# In County

2,834

-8.1%

2,616

-7.7%

2,525

-3.5%

3,036

20.2%

Average Res'l Unit (No Plexes)

$278,807

-6.8%

$274,084

-1.7%

$262,232

-4.3%

$264,943

1.0%

Land

$70,758,335

-57.9%

$61,340,402

-13.3%

$102,877,358

67.7%

$82,723,422

-19.6%

# In County

428

-17.2%

510

19.2%

641

25.7%

647

0.9%

Largest

$4,000,000

-91.7%

$1,300,000

-67.5%

$20,550,626

1480.8%

$3,700,000

-82.0%

Average

$165,323

-49.1%

$120,275

-27.2%

$160,495

33.4%

$127,857

-20.3%

Commercial

$114,038,389

-41.4%

$134,987,746

18.4%

$140,312,862

3.9%

$367,068,179

161.6%

# In County

175

-23.2%

162

-7.4%

175

8.0%

242

38.3%

Grand Total Volume

$980,844,276

-23.9%

$921,493,761

-6.1%

$909,839,013

-1.3%

$1,265,290,996

39.1%

Total # In County

3,437

-10.3%

3,288

-4.3%

3,341

1.6%

3,925

17.5%

Vol XXVII • No 4 LAM@realestats.net • 360.798.4014

REAL ESTATS ≤

WHATCOM County Washington April 2017

%≈

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

Four Years Compared 2013 - 2016 County Records

2013

Ch '13 vs '12

2014

Ch '14 vs '13

2015

Ch '15 vs '14

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

$258,500

3.4%

$264,750

2.4%

$283,000

6.9%

$314,500

11.1%

Average $/SF

$182.03

2.8%

$189.34

4.0%

$187.11

-1.2%

$194.40

3.9%

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

$299,975

9.4%

$313,200

4.4%

$339,900

8.5%

$363,500

6.9%

% 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%

-4.8%

-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 XXVII • No 4 www.realestats.net • 360.798.4014