Whatcom County Real Estate Statistics - April 2018 by BuyerMax

REAL ESTATS ≤

WHATCOM County Washington April 2018

%≈

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

Whatcom County Washington April 2018 with comparisons to past years © 1991-2018 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 XXVIII • No 4 www.realestats.net • 360.798.4014

REAL ESTATS ≤

WHATCOM County Washington April 2018

%≈

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

HIGHLIGHTS April 2018     

(vs. prior month)

Residential sales volume: up 15% Residential transactions: up 7% Existing home transactions: up 3% New home transactions: up 12% Attached units sold: down 4%

Year-to-date 2018      

(vs. Year-to-date 2017)

Residential sales volume: up 26% to $484 million Residential transactions: up 17% to 1,302 Plexes (2-5 units) sales: up 171% to $20 million Land sales: up 27% to $41 million Commercial volume: down 27% to $82 million Average residence: $368,762, up 7%

Foreclosed Single Family Detached Sales      

Recorded in 2018 125 New Homes 801 Existing Homes 225 Condo/Townhomes

(vs. 2017)

2 sold monthly, down 58% Average sale price: $291,734, up 44% Average $/SF: $132.92, down 2% and 42% less than non-foreclosed sales 20 properties are in some state of foreclosure, up 11% from a year ago 1% of existing home sales were foreclosed properties 1 property in foreclosure represents 0.2% of the homes for sale

New Single Family Homes (vs. Year-to-date 2017)      

Average sale price: $442,188, up 8%



Inventory represents a 2.1 month supply, a sellers’ market

Median sale price: $430,000, up 15% The average $/SF: $211.04, up 3% New homes represent 15% of volume and 14% of units recorded 125 sold vs. 89 sold last year, up 40%; volume: up 52% to $55 million Best range: $400,001 - $450,000 with 8 sales per month, up 60% from last year

6 homes built 1904 to 2015 were classified as existing though marked by county as new

Vol XXVIII • 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 2018

(continued)

Existing Homes (vs. Year-to-date 2017)       

Units sold: up 4%; volume: up 14% to $325 million 801 units sold this year vs. 768 last year Average price: $405,460, up 9% Half the homes (median) sold for more than $355,449, up 9% Average $/SF for homes sold at $226.59 (all sales), up 11% Best range: $300,001 - $350,000 with 37 recorded monthly, down 18% from last year Inventory represents a 1.8 month supply, a strong sellers’ market

Attached (vs. Year-to-date 2017) Includes townhome, row home, and commons and <3,000 SF lots         

Average sale price: $301,817, up 21%; Median $257,500, up 20% Existing median: $237,000, up 13%; New median: $360,950, up 11% 225 sold vs. 174, up 29% (11% new, 24 units); volume: up 56% to $68 million Average $/SF, Existing: $236.78, up 9% from last year’s average Average $/SF, New: $283, up 1% Best range, existing: $42,000 - $175,000 with 13 monthly, down 24% from last year Existing inventory represents a 1.2 month supply, a strong sellers’ market Best range, new: $350,001 - $400,000 with 2.3 monthly, up 2600% from last year New inventory represents a 3.7 month supply, the neutral zone

Subdivisions (vs. 2017)       

The average lot sold for $110,525, up 2% Half the lots (median) sold for less than $87,500, down 9% 42 sold vs. 44.4 monthly last year, down 5% Best range: $4,000 - $50,000 with 11.5 recorded monthly, up 44% The average lot represents 25% of the average new home; 20.3% median to median 17.5 acreage lots sold monthly vs. 12 monthly last year, up 46% The average acreage lot sold for $164,111, down 3%; average/acre: $52,831, down 7%

Comments The market was better than last April and last month with higher prices for just about everything. Because inventory is low and demand remains strong, prices will break records. There seems to be nothing slowing the region’s housing market. Enjoy it along with the weather.

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

REAL ESTATS ≤

WHATCOM County Washington April 2018

%≈

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/LLA/Survey

$2,825,144

$560,000

North Prairie

$8,755,698

Larrabee Springs South

The Meadows

Village @ King Mountain

The Commons @ Cordata

Average Price

Average $/SF

% Mkt $

$116,144

$403,592

$214.50

4.7%

$495,000

$314,000

$397,986

$193.95

14.7%

$5,030,155

$449,900

$379,900

$419,180

$232.74

8.0%

$4,197,354

$637,000

$310,461

$466,373

$206.80

6.0%

$3,859,750

$540,000

$429,900

$482,469

$223.41

5.3%

$2,876,219

$368,410

$352,900

$359,527

$251.52

5.3%

$610,000

$567,000

$582,998

High Price Low Price

Central Fairhaven

$4,080,989

Semiahmoo Shore Condo

$5,132,189

Sudden Valley

$1,973,600

$429,900

$369,900

Alabama Street New Whatcom

$1,499,700

$300,000

$299,900

$216.78

4.7%

$357.74

3.3%

$394,720

$169.64

3.3%

$299,940

$299.94

3.3%

$1,172,854 $795,000 $1,026,438

Birch Stree

$1,793,253

$623,296

$551,523

$597,751

$265.93

2.0%

Birch Bay Village

$1,409,000

$520,000

$369,000

$469,667

$235.14

2.0%

Malibu Estates

$1,344,000

$490,000

$419,000

$448,000

$165.38

2.0%

Maple Ridge

$1,153,989

$386,000

$383,989

$384,663

$176.12

2.0%

Hawks Landing

$1,083,000

$381,000

$338,000

$361,000

$184.48

2.0%

Hovel Estates

$954,575

$340,000

$303,325

$318,192

$167.00

2.0%

Paradise Lakes

$724,900

$259,900

$215,000

$241,633

$182.25

2.0%

Skyridge Condo

$1,448,500

$749,500

$699,000

$724,250

$271.41

1.3%

Carnoustie-semiahmoo

$1,176,000

$600,000

$576,000

$588,000

$295.44

1.3%

Wiser Lake Ridge

$983,810

$568,810

$415,000

$491,905

$206.64

1.3%

Village Green

$974,900

$505,000

$469,900

$487,450

$205.18

1.3%

Heron Crest

$959,000

$490,000

$469,000

$479,500

$218.45

1.3%

First to New Whatcom

$875,000

$480,000

$395,000

$437,500

$287.32

1.3%

June Road Cottages

$669,800

$339,900

$329,900

$334,900

$239.66

1.3%

The Tides @ Birch Bay

$589,800

$299,900

$289,900

$294,900

$256.31

1.3%

Boundary Ridge

$750,000

$404.09

0.7%

Hughes

$699,000

$206.74

0.7%

Bay View

$674,000

$263.28

0.7%

Wildrose Hills

$617,000

$189.85

0.7%

Lakeside Plaza

$599,000

$205.42

0.7%

Foltz Short

$565,000

$253.93

0.7%

TOTAL

131

$57,449,181 $1,172,854 $215,000

$438,543

$222.55

87.3%

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

REAL ESTATS ≤

WHATCOM County Washington April 2018

%≈

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/LLA/Survey

$2,825,144

$560,000

North Prairie

$8,755,698

$495,000

Semiahmoo Shore Condo

$5,132,189

Larrabee Springs South

$5,030,155

$449,900

$379,900

$419,180

The Meadows

$4,197,354

$637,000

$310,461

Central Fairhaven

$4,080,989

$610,000

Village @ King Mountain

$3,859,750

The Commons @ Cordata

$2,876,219

Sudden Valley

Birch Stree

Alabama Street New Whatcom

$1,499,700

$300,000

$299,900

$299,940

$299.94

2.2%

Skyridge Condo

$1,448,500

$749,500

$699,000

$724,250

$271.41

2.1%

Birch Bay Village

$1,409,000

$520,000

$369,000

$469,667

$235.14

2.1%

Malibu Estates

$1,344,000

$490,000

$419,000

$448,000

$165.38

2.0%

Carnoustie-semiahmoo

$1,176,000

$600,000

$576,000

$588,000

$295.44

1.7%

Maple Ridge

$1,153,989

$386,000

$383,989

$384,663

$176.12

1.7%

Hawks Landing

$1,083,000

$381,000

$338,000

$361,000

$184.48

1.6%

Wiser Lake Ridge

$983,810

$568,810

$415,000

$491,905

$206.64

1.4%

Village Green

$974,900

$505,000

$469,900

$487,450

$205.18

1.4%

Heron Crest

$959,000

$490,000

$469,000

$479,500

$218.45

1.4%

Hovel Estates

$954,575

$340,000

$303,325

$318,192

$167.00

1.4%

First to New Whatcom

$875,000

$480,000

$395,000

$437,500

$287.32

1.3%

Boundary Ridge

$750,000

$404.09

1.1%

Paradise Lakes

$724,900

$259,900

$215,000

$241,633

$182.25

1.1%

Hughes

$699,000

$206.74

1.0%

Bay View

$674,000

$263.28

1.0%

June Road Cottages

$669,800

$339,900

$329,900

$334,900

$239.66

1.0%

Wildrose Hills

$617,000

$189.85

0.9%

Lakeside Plaza

$599,000

$205.42

0.9%

The Tides @ Birch Bay

$589,800

$299,900

$289,900

$294,900

$256.31

0.9%

Maberry

$565,000

$210.74

0.8%

TOTAL

131

$57,449,181 $1,172,854 $215,000

$438,543

$222.55

88.3%

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

Average Price

Average $/SF

% Mkt $

$116,144

$403,592

$214.50

4.1%

$314,000

$397,986

$193.95

12.8%

$357.74

7.5%

$232.74

7.4%

$466,373

$206.80

6.2%

$567,000

$582,998

$216.78

6.0%

$540,000

$429,900

$482,469

$223.41

5.7%

$368,410

$352,900

$359,527

$251.52

4.2%

$1,973,600

$429,900

$369,900

$394,720

$169.64

2.9%

$1,793,253

$623,296

$551,523

$597,751

$265.93

2.6%

High Price Low Price

$1,172,854 $795,000 $1,026,438

REAL ESTATS ≤

WHATCOM County Washington April 2018

%≈

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

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

Total Volume

Average Price

Average $/SF

% Mkt $

Seller

Larrabee Springs Inc

$5,030,155

$449,900

$379,900

$419,180

$232.74

8.0%

Alliance Properties 2000 LLC

$3,859,750

$540,000

$429,900

$482,469

$223.41

5.3%

Greenbriar Construction Corp

$3,052,000

$505,000

$334,900

$381,500

$211.97

5.3%

Cordata Green LLC

$2,533,319

$368,410

$352,900

$361,903

$266.26

4.7%

High Price Low Price

DBW Whatcom LLC

$5,132,189

$357.74

3.3%

Jubilee Star Investments LLC

$1,499,700

$1,172,854 $795,000 $1,026,438 $300,000

$299,900

$299,940

$299.94

3.3%

Hummingbirds Nest Egg LLC

$2,358,000

$610,000

$567,000

$589,500

$220.69

2.7%

Rubicon Idc LLC

$2,073,743

$530,000

$490,000

$518,436

$233.23

2.7%

Skeers Construction Inc

$1,793,253

$623,296

$551,523

$597,751

$265.93

2.0%

Heron Point Holdings Llp

$1,722,989

$588,989

$567,000

$574,330

$211.57

2.0%

Everkept Construction Inc

$1,201,810

$568,810

$314,000

$400,603

$198.65

2.0%

Summit View Const NW LLC

$1,083,000

$381,000

$338,000

$361,000

$184.48

2.0%

K & S Ents LLP

$1,448,500

$749,500

$699,000

$724,250

$271.41

1.3%

Next Adventure LLC

$1,176,000

$600,000

$576,000

$588,000

$295.44

1.3%

Tyler Carlson Homes LLC

$925,000

$490,000

$435,000

$462,500

$149.43

1.3%

Greeneway LLC

$889,000

$520,000

$369,000

$444,500

$232.56

1.3%

Frost Creek Investments LLC

$769,461

$459,000

$310,461

$384,731

$165.43

1.3%

Paradigm Building Ventures LLC

$767,989

$384,000

$383,989

$383,995

$165.31

1.3%

Savchuk Sergey & Svetlana

$759,800

$389,900

$369,900

$379,900

$178.18

1.3%

Janicki Residential

$705,800

$352,900

$246.00

1.3%

June Road North LLC

$669,800

$339,900

$329,900

$334,900

$239.66

1.3%

Heutink Living Trust

$651,250

$340,000

$311,250

$325,625

$186.41

1.3%

Birch Bay Hideaway LLC

$589,800

$299,900

$289,900

$294,900

$256.31

1.3%

Luashenko Vitaliy & Svetlana

$509,900

$259,900

$250,000

$254,950

$173.84

1.3%

Taylor John N & Terri A

$750,000

$404.09

0.7%

Whitehead Abby & Ryan

$699,000

$206.74

0.7%

Rks Dev Inc

$674,000

$263.28

0.7%

Meadows LLC

$637,000

$240.74

0.7%

Peace Home Construction LLC

$617,000

$189.85

0.7%

Jjc Infill Dev LLC

$599,000

$205.42

0.7%

TOTAL

$45,178,208 $1,172,854 $250,000

$475,560

$222.55

63.3%

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

REAL ESTATS ≤

WHATCOM County Washington April 2018

%≈

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

High Price Low Price

Average Price

$1,172,854 $795,000 $1,026,438

Average $/SF

% Mkt $

DBW Whatcom LLC

$5,132,189

$357.74

7.5%

Larrabee Springs Inc

$5,030,155

$449,900

$379,900

$419,180

$232.74

7.4%

Alliance Properties 2000 LLC

$3,859,750

$540,000

$429,900

$482,469

$223.41

5.7%

Greenbriar Construction Corp

$3,052,000

$505,000

$334,900

$381,500

$211.97

4.5%

Cordata Green LLC

$2,533,319

$368,410

$352,900

$361,903

$266.26

3.7%

Hummingbirds Nest Egg LLC

$2,358,000

$610,000

$567,000

$589,500

$220.69

3.5%

Rubicon Idc LLC

$2,073,743

$530,000

$490,000

$518,436

$233.23

3.0%

Skeers Construction Inc

$1,793,253

$623,296

$551,523

$597,751

$265.93

2.6%

Heron Point Holdings Llp

$1,722,989

$588,989

$567,000

$574,330

$211.57

2.5%

Jubilee Star Investments LLC

$1,499,700

$300,000

$299,900

$299,940

$299.94

2.2%

K & S Ents LLP

$1,448,500

$749,500

$699,000

$724,250

$271.41

2.1%

Everkept Construction Inc

$1,201,810

$568,810

$314,000

$400,603

$198.65

1.8%

Next Adventure LLC

$1,176,000

$600,000

$576,000

$588,000

$295.44

1.7%

Summit View Const NW LLC

$1,083,000

$381,000

$338,000

$361,000

$184.48

1.6%

Tyler Carlson Homes LLC

$925,000

$490,000

$435,000

$462,500

$149.43

1.4%

Greeneway LLC

$889,000

$520,000

$369,000

$444,500

$232.56

1.3%

Frost Creek Investments LLC

$769,461

$459,000

$310,461

$384,731

$165.43

1.1%

Paradigm Building Ventures LLC

$767,989

$384,000

$383,989

$383,995

$165.31

1.1%

Savchuk Sergey & Svetlana

$759,800

$389,900

$369,900

$379,900

$178.18

1.1%

Taylor John N & Terri A

$750,000

$404.09

1.1%

Janicki Residential

$705,800

$352,900

$246.00

1.0%

Whitehead Abby & Ryan

$699,000

$206.74

1.0%

Rks Dev Inc

$674,000

$263.28

1.0%

June Road North LLC

$669,800

$339,900

$329,900

$334,900

$239.66

1.0%

Heutink Living Trust

$651,250

$340,000

$311,250

$325,625

$186.41

1.0%

Meadows LLC

$637,000

$240.74

0.9%

Peace Home Construction LLC

$617,000

$189.85

0.9%

Jjc Infill Dev LLC

$599,000

$205.42

0.9%

Birch Bay Hideaway LLC

$589,800

$299,900

$289,900

$294,900

$256.31

0.9%

Solis Zachary & Kayla

$565,000

$210.74

0.8%

TOTAL

$45,233,308 $1,172,854 $289,900

$481,205

$222.55

66.3%

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

REAL ESTATS ≤

WHATCOM County Washington April 2018

%≈

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

Bar Chart of Monthly Residential Sales 2012

2013

2014

2015

2016

2017

2018

550

500

450

400

350

300

250

200

150

100

50 Jan

Feb

Mar

Apr

Vol XXVIII • 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 2018

Average Monthly Price of Residential Recordings $400,000 Apr ‘18 $374,287

$375,000

$350,000

$325,000

Oct ‘06 - $324,976

$300,000

$275,000

$250,000

$225,000

Feb ‘12 - $224,129

$200,000

Vol XXVIII • 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 2018

There are currently 661 residences for sale and since 403 sold in April, this represents a 1.6 month supply, unchanged 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 XXVIII • No 4 LAM@realestats.net • 360.798.4014

REAL ESTATS ≤

WHATCOM County Washington April 2018

%≈

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

REO SOLD

2013

2014

2015

2016

2017

2018

Month

% of All Sold

Jan

24.2%

10.9%

13.0%

5.7%

5.1%

1.9%

Feb

15.7%

13.4%

13.1%

4.6%

3.5%

0.0%

Mar

9.8%

18.4%

11.9%

2.1%

3.5%

0.9%

Apr

10.1%

12.7%

8.2%

2.2%

1.7%

1.3%

May

8.5%

7.7%

4.9%

2.2%

1.2%

Jun

9.4%

7.8%

4.9%

2.0%

1.3%

Jul

6.7%

7.0%

2.2%

1.3%

2.2%

Aug

6.3%

4.0%

3.5%

0.6%

1.3%

Sep

6.7%

10.1%

4.0%

0.6%

2.4%

Oct

9.6%

5.8%

0.8%

2.6%

1.5%

Nov

11.2%

6.9%

3.8%

4.0%

0.4%

Dec

10.6%

10.0%

4.7%

4.6%

1.9%

Total

235

9.8%

230

9.1%

175

5.7%

2.3%

2.0%

1.0%

Change

Avg $/SF

$128.12

-2.5%

$133.45

4.2%

$126.20

-5.4%

$132.50

5.0%

$136.18

2.8%

$132.92

-2.4%

Average $

$193,616

-2.7%

$201,329

4.0%

$204,587

1.6%

$223,751

9.4%

$203,188

-9.2%

$291,734

43.6%

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

REAL ESTATS ≤

WHATCOM County Washington April 2018

%≈

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

Four Years-to-date Compared County Records

Jan-Apr 2015

Ch '15 vs '14

Jan-Apr 2016

Ch '16 vs '15

Jan-Apr 2017

Ch '17 vs '16

Jan-Apr 2018

Ch '18 vs '17

Existing Residences

$260,283,755

44.3%

$275,141,285

5.7%

$285,239,781

3.7%

$324,773,236

13.9%

# In County

853

33.9%

809

-5.2%

768

-5.1%

801

4.3%

Largest

$1,800,000

-20.0%

$2,075,000

15.3%

$2,345,000

13.0%

$1,810,000

-22.8%

Average

$305,139

7.8%

$340,100

11.5%

$371,406

9.2%

$405,460

9.2%

Median

$268,375

9.9%

$300,125

11.8%

$324,563

8.1%

$355,449

9.5%

Average $/SF

$183.56

1.6%

$184.49

0.5%

$203.23

10.2%

$226.59

11.5%

New Construction

$30,073,278

31.5%

$27,293,614

-9.2%

$36,292,309

33.0%

$55,273,527

52.3%

# In County

22.5%

-14.9%

20.3%

125

40.4%

Largest

$705,000

-23.0%

$730,000

3.5%

$878,000

20.3%

$750,000

-14.6%

Average

$345,670

7.3%

$368,833

6.7%

$407,779

10.6%

$442,188

8.4%

Median

$317,063

6.0%

$346,256

9.2%

$372,738

7.6%

$430,000

15.4%

% Of $ New

10.4%

-7.9%

9.0%

-12.9%

11.3%

25.1%

14.5%

28.9%

% Of Units New

9.3%

-7.7%

8.4%

-9.5%

10.4%

23.9%

13.5%

30.0%

Condominiums

$24,003,481

0.2%

$32,963,472

37.3%

$43,441,993

31.8%

$67,908,829

56.3%

# In County

129

15.2%

170

31.8%

174

2.4%

225

29.3%

Average

$186,073

-13.0%

$193,903

4.2%

$249,667

28.8%

$301,817

20.9%

Mobile Homes

$8,215,304

5.4%

$12,165,495

48.1%

$12,496,926

2.7%

$20,002,947

60.1%

# in County

17.9%

9.1%

-6.9%

118

76.1%

Plexes

$17,085,124

108.0%

$7,447,000

-56.4%

$6,001,042

-19.4%

$16,238,019

170.6%

# Buildings

78.3%

-46.3%

-22.7%

94.1%

Units

67.3%

-39.1%

-26.8%

92.7%

Average Unit

$185,708

24.4%

$132,982

-28.4%

$146,367

10.1%

$205,545

40.4%

Total Volume (Residential)

$339,660,942

39.6%

$355,010,866

4.5%

$383,472,051

8.0%

$484,196,558

26.3%

# In County

1,176

30.8%

1,147

-2.5%

1,115

-2.8%

1,302

16.8%

Average Res'l Unit (No Plexes)

$284,208

5.9%

$308,946

8.7%

$343,781

11.3%

$368,762

7.3%

Land

$29,512,693

19.3%

$31,134,275

5.5%

$32,568,488

4.6%

$41,256,645

26.7%

# In County

257

35.3%

205

-20.2%

220

7.3%

250

13.6%

Largest

$1,350,000

-56.5%

$3,493,925

158.8%

$1,526,000

-56.3%

$3,500,000

129.4%

Average

$114,835

-11.8%

$151,875

32.3%

$148,039

-2.5%

$165,027

11.5%

Commercial

$77,790,352

27.9%

$79,530,082

2.2%

$112,438,760

41.4%

$82,148,052

-26.9%

# In County

2.4%

-18.6%

-7.1%

40.0%

Grand Total Volume

$446,963,987

36.0%

$465,675,223

4.2%

$528,479,299

13.5%

$607,601,255

15.0%

Total # In County

1,519

29.5%

1,422

-6.4%

1,400

-1.5%

1,643

17.4%

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

REAL ESTATS ≤

WHATCOM County Washington April 2018

%≈

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

Current Month Compared County Records

Apr '15

Ch '15 vs. '14

Apr '16

Ch '16 vs. '15

Apr '17

Ch '17 vs. '16

Apr '18

Ch '18 vs. '17

Existing Residences

$92,661,480

72.9%

$94,635,874

2.1%

$95,306,172

0.7%

$97,491,551

2.3%

# In County

280

61.8%

272

-2.9%

241

-11.4%

237

-1.7%

Largest

$1,800,000

37.4%

$1,290,000

-28.3%

$2,345,000

81.8%

$1,705,000

-27.3%

Average

$330,934

6.8%

$347,926

5.1%

$395,461

13.7%

$411,357

4.0%

Median

$280,000

8.5%

$311,500

11.3%

$337,000

8.2%

$370,000

9.8%

Average $/SF

$194.61

2.7%

$197.78

1.6%

$211.57

7.0%

$234.49

10.8%

New Construction

$9,549,850

79.4%

$8,820,652

-7.6%

$7,237,248

-18.0%

$17,473,643

141.4%

# In County

50.0%

-14.8%

-13.0%

85.0%

Largest

$595,000

32.5%

$600,000

0.8%

$549,000

-8.5%

$699,000

27.3%

Average

$353,698

19.6%

$383,507

8.4%

$361,862

-5.6%

$472,261

30.5%

Median

$312,900

12.5%

$363,000

16.0%

$359,450

-1.0%

$452,900

26.0%

% Of $ New

9.3%

3.4%

8.5%

-8.7%

7.1%

-17.2%

15.2%

115.4%

% Of Units New

8.8%

-6.7%

7.8%

-11.3%

7.7%

-1.7%

13.5%

76.2%

Condominiums

$8,323,262

38.9%

$10,374,495

24.6%

$16,135,134

55.5%

$23,325,183

44.6%

# In County

57.7%

22.0%

32.0%

7.6%

Average

$203,006

-11.9%

$207,490

2.2%

$244,472

17.8%

$328,524

34.4%

Mobile Homes

$2,670,450

-16.0%

$3,950,400

47.9%

$3,424,350

-13.3%

$8,804,500

157.1%

# in County

-4.2%

17.4%

-37.0%

182.4%

Plexes

$6,419,937

198.4%

$989,000

-84.6%

$2,344,500

137.1%

$4,264,500

81.9%

# Buildings

133.3%

-78.6%

100.0%

66.7%

Units

100.0%

-70.0%

77.8%

43.8%

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

$213,998

49.2%

$109,889

-48.6%

$146,531

33.3%

$185,413

26.5%

$119,624,979

70.3%

$118,770,421

-0.7%

$124,447,404

4.8%

$151,359,377

21.6%

385

55.9%

375

-2.6%

350

-6.7%

403

15.1%

$305,135

8.0%

$316,617

3.8%

$354,950

12.1%

$374,287

5.4%

$7,532,395

40.1%

$7,416,906

-1.5%

$11,663,222

57.3%

$9,466,300

-18.8%

# In County

77.8%

-21.3%

25.4%

-13.9%

Largest

$1,350,000

77.0%

$575,000

-57.4%

$900,000

56.5%

$560,000

-37.8%

Average

$94,155

-21.2%

$117,729

25.0%

$147,636

25.4%

$139,210

-5.7%

Commercial

$23,103,678

90.4%

$7,121,500

-69.2%

$17,283,239

142.7%

$22,010,155

27.3%

# In County

64.3%

-52.2%

63.6%

0.0%

Grand Total Volume

$150,261,052

71.2%

$133,308,827

-11.3%

$153,393,865

15.1%

$182,835,832

19.2%

Total # In County

488

59.5%

449

-8.0%

447

-0.4%

489

9.4%

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

REAL ESTATS ≤

WHATCOM County Washington April 2018

%≈

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

January Compared County Records

Jan '15

Ch '15 vs. '14

Jan '16

Ch '16 vs. '15

Jan '17

Ch '17 vs. '16

Jan '18

Ch '18 vs. '17

Existing Residences

$45,710,131

27.1%

$37,576,948

-17.8%

$51,017,136

35.8%

$63,317,825

24.1%

# In County

162

25.6%

122

-24.7%

157

28.7%

156

-0.6%

Largest

$830,000

-35.5%

$940,000

13.3%

$1,985,000

111.2%

$1,430,000

-28.0%

Average

$282,161

1.2%

$308,008

9.2%

$324,950

5.5%

$405,883

24.9%

Median

$265,000

12.8%

$280,000

5.7%

$296,000

5.7%

$347,000

17.2%

Average $/SF

$176.25

-3.2%

$175.11

-0.6%

$192.58

10.0%

$224.05

16.3%

New Construction

$6,698,400

60.6%

$4,109,583

-38.6%

$12,753,959

210.3%

$11,864,113

-7.0%

# In County

50.0%

-42.9%

141.7%

-6.9%

Largest

$580,000

36.5%

$540,100

-6.9%

$878,000

62.6%

$750,000

-14.6%

Average

$318,971

7.1%

$342,465

7.4%

$439,792

28.4%

$439,412

-0.1%

Median

$294,900

-3.8%

$330,000

11.9%

$385,000

16.7%

$422,450

9.7%

% Of $ New

12.8%

22.9%

9.9%

-22.9%

20.0%

102.9%

15.8%

-21.1%

% Of Units New

11.5%

17.2%

9.0%

-22.0%

15.6%

74.1%

14.8%

-5.4%

Condominiums

$3,705,366

-37.7%

$4,732,720

27.7%

$8,098,671

71.1%

$10,963,106

35.4%

# In County

-20.0%

45.0%

34.5%

-5.1%

Average

$185,268

-22.1%

$163,197

-11.9%

$207,658

27.2%

$296,300

42.7%

Mobile Homes

$1,251,843

-21.1%

$1,835,795

46.6%

$3,267,466

78.0%

$1,640,477

-49.8%

# in County

-27.3%

62.5%

53.8%

-50.0%

Plexes

$3,491,337

160.0%

$2,426,750

-30.5%

$819,042

-66.2%

$2,792,248

240.9%

# Buildings

100.0%

-25.0%

-50.0%

66.7%

Units

137.5%

-15.8%

-62.5%

133.3%

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

$183,755

9.5%

$151,672

-17.5%

$136,507

-10.0%

$199,446

46.1%

$60,857,077

24.2%

$50,681,796

-16.7%

$75,956,274

49.9%

$90,577,769

19.2%

219

19.7%

182

-16.9%

248

36.3%

235

-5.2%

$271,876

2.1%

$274,176

0.8%

$306,683

11.9%

$381,676

24.5%

$7,394,732

-6.6%

$6,310,781

-14.7%

$5,772,020

-8.5%

$10,254,000

77.7%

# In County

-12.1%

-19.6%

-2.4%

-7.5%

Largest

$700,000

-18.1%

$1,550,000

121.4%

$595,000

-61.6%

$3,500,000

488.2%

Average

$144,995

6.2%

$153,921

6.2%

$144,301

-6.3%

$277,135

92.1%

Commercial

$20,926,914

27.3%

$15,230,461

-27.2%

$6,609,875

-56.6%

$17,656,380

167.1%

# In County

-37.9%

5.6%

-47.4%

130.0%

Grand Total Volume

$89,178,723

21.6%

$72,223,038

-19.0%

$88,338,169

22.3%

$118,488,149

34.1%

Total # In County

288

6.7%

242

-16.0%

298

23.1%

295

-1.0%

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

REAL ESTATS ≤

WHATCOM County Washington April 2018

%≈

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

February Compared County Records

Feb '15

Ch '15 vs. '14

Feb '16

Ch '16 vs. '15

Feb '17

Ch '17 vs. '16

Feb '18

Ch '18 vs. '17

Existing Residences

$50,413,635

44.1%

$58,713,825

16.5%

$58,060,902

-1.1%

$77,177,497

32.9%

# In County

175

30.6%

173

-1.1%

144

-16.8%

179

24.3%

Largest

$1,425,000

70.1%

$1,250,000

-12.3%

$1,900,000

52.0%

$1,810,000

-4.7%

Average

$288,078

10.3%

$339,386

17.8%

$403,201

18.8%

$431,159

6.9%

Median

$258,500

10.0%

$305,000

18.0%

$335,250

9.9%

$375,000

11.9%

Average $/SF

$175.72

2.4%

$180.83

2.9%

$211.00

16.7%

$223.40

5.9%

New Construction

$4,307,817

2.4%

$4,723,796

9.7%

$5,494,638

16.3%

$11,560,813

110.4%

# In County

-7.1%

0.0%

15.4%

86.7%

Largest

$595,000

32.2%

$525,000

-11.8%

$690,000

31.4%

$674,000

-2.3%

Average

$331,371

10.2%

$363,369

9.7%

$366,309

0.8%

$412,886

12.7%

Median

$330,000

10.9%

$354,900

7.5%

$323,000

-9.0%

$416,500

28.9%

% Of $ New

7.9%

-26.7%

7.4%

-5.4%

8.6%

16.1%

13.0%

50.7%

% Of Units New

6.9%

-26.9%

7.0%

1.1%

9.4%

35.0%

13.5%

43.4%

Condominiums

$4,513,194

-21.8%

$5,779,850

28.1%

$9,060,300

56.8%

$13,772,800

52.0%

# In County

8.3%

26.9%

-6.1%

38.7%

Average

$173,584

-27.8%

$175,147

0.9%

$292,268

66.9%

$320,298

9.6%

Mobile Homes

$1,894,460

-7.8%

$2,267,200

19.7%

$2,401,910

5.9%

$4,594,120

91.3%

# in County

33.3%

-31.3%

9.1%

158.3%

Plexes

$3,850,000

28.7%

$2,193,300

-43.0%

$485,000

-77.9%

$3,010,000

520.6%

# Buildings

0.0%

-14.3%

-66.7%

200.0%

Units

-5.6%

-23.5%

-69.2%

250.0%

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

$226,471

36.3%

$168,715

-25.5%

$121,250

-28.1%

$215,000

77.3%

$64,979,106

29.9%

$73,677,971

13.4%

$75,502,750

2.5%

$110,115,230

45.8%

237

24.1%

236

-0.4%

204

-13.6%

287

40.7%

$265,779

4.0%

$310,803

16.9%

$371,375

19.5%

$381,157

2.6%

$7,859,392

10.7%

$6,118,025

-22.2%

$2,859,141

-53.3%

$9,948,075

247.9%

# In County

4.4%

-25.5%

-28.6%

200.0%

Largest

$872,111

-71.9%

$767,000

-12.1%

$260,000

-66.1%

$1,000,000

284.6%

Average

$167,221

6.0%

$174,801

4.5%

$114,366

-34.6%

$132,641

16.0%

Commercial

$11,093,630

-6.9%

$15,711,193

41.6%

$6,379,146

-59.4%

$24,873,220

289.9%

# In County

14.3%

0.0%

6.3%

11.8%

Grand Total Volume

$83,932,128

21.6%

$95,507,189

13.8%

$84,741,037

-11.3%

$144,936,525

71.0%

Total # In County

300

20.0%

287

-4.3%

246

-14.3%

381

54.9%

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

REAL ESTATS ≤

WHATCOM County Washington April 2018

%≈

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

March Compared County Records

Mar '15

Ch '15 vs. '14

Mar '16

Ch '16 vs. '15

Mar '17

Ch '17 vs. '16

Mar '18

Ch '18 vs. '17

Existing Residences

$71,498,509

28.0%

$84,214,638

17.8%

$80,855,571

-4.0%

$86,786,363

7.3%

# In County

236

17.4%

242

2.5%

226

-6.6%

229

1.3%

Largest

$1,100,000

-51.1%

$2,075,000

88.6%

$1,539,000

-25.8%

$1,350,000

-12.3%

Average

$302,960

9.0%

$347,994

14.9%

$357,768

2.8%

$378,980

5.9%

Median

$270,000

8.7%

$304,000

12.6%

$330,000

8.6%

$343,000

3.9%

Average $/SF

$187.65

4.7%

$184.22

-1.8%

$197.78

7.4%

$222.65

12.6%

New Construction

$9,517,211

3.9%

$9,639,583

1.3%

$10,806,464

12.1%

$14,374,958

33.0%

# In County

4.0%

0.0%

-3.8%

32.0%

Largest

$705,000

-23.0%

$730,000

3.5%

$729,000

-0.1%

$568,810

-22.0%

Average

$366,047

-0.1%

$370,753

1.3%

$432,259

16.6%

$435,605

0.8%

Median

$330,450

4.9%

$337,125

2.0%

$423,500

25.6%

$429,000

1.3%

% Of $ New

11.7%

-16.6%

10.3%

-12.6%

11.8%

14.8%

14.2%

20.5%

% Of Units New

9.9%

-10.3%

9.7%

-2.2%

10.0%

2.7%

12.6%

26.5%

Condominiums

$7,461,659

19.2%

$12,076,407

61.8%

$10,147,888

-16.0%

$19,847,740

95.6%

# In County

13.5%

38.1%

-34.5%

94.7%

Average

$177,659

5.0%

$208,214

17.2%

$267,050

28.3%

$268,213

0.4%

Mobile Homes

$2,398,551

145.3%

$4,112,100

71.4%

$3,403,200

-17.2%

$4,963,850

45.9%

# in County

111.1%

10.5%

-14.3%

61.1%

Plexes

$3,323,850

92.5%

$1,837,950

-44.7%

$2,352,500

28.0%

$6,171,271

162.3%

# Buildings

100.0%

-41.7%

-14.3%

100.0%

Units

85.7%

-30.8%

-16.7%

86.7%

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

$127,840

3.7%

$102,108

-20.1%

$156,833

53.6%

$220,403

40.5%

$94,199,780

27.3%

$111,880,678

18.8%

$107,565,623

-3.9%

$132,144,182

22.8%

335

20.5%

354

5.7%

313

-11.6%

377

20.4%

$281,350

5.9%

$317,126

12.7%

$342,714

8.1%

$345,131

0.7%

$6,726,174

54.9%

$11,288,563

67.8%

$12,274,105

8.7%

$11,588,270

-5.6%

# In County

88.1%

-16.5%

15.2%

-7.9%

Largest

$565,000

-22.1%

$3,493,925

518.4%

$1,526,000

-56.3%

$835,000

-45.3%

Average

$85,141

-17.7%

$171,039

100.9%

$161,501

-5.6%

$165,547

2.5%

Commercial

$22,666,130

11.6%

$41,466,928

82.9%

$82,166,500

98.1%

$17,608,297

-78.6%

# In County

7.4%

-17.2%

-16.7%

55.0%

Grand Total Volume

$123,592,084

25.3%

$164,636,169

33.2%

$202,006,228

22.7%

$161,340,749

-20.1%

Total # In County

443

27.7%

444

0.2%

409

-7.9%

478

16.9%

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

REAL ESTATS ≤

WHATCOM County Washington April 2018

%≈

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 XXVIII • 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 2018

%≈

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

2018

Total #

Per Mo

Ch in # Sld

$/SF

Ch in $/SF

Total Ch in Per Mo # # Sld

Inventory* $/SF

Ch in $/SF

# Months

$175,000

144

12.0

-37%

$135.91

3.1%

6.5

-46%

$131.99

-2.9%

0.3

$175,001

$200,000

6.7

-43%

$169.40

1.8%

5.0

-25%

$183.92

8.6%

0.6

$200,001

$225,000

8.2

-48%

$180.00

-1.0%

5.5

-33%

$207.75

15.4%

0.2

$225,001

$250,000

184

15.3

-35%

$207.18

14.7%

10.5

-32%

$191.13

-7.7%

0.3

$250,001

$275,000

238

19.8

-21%

$205.88

7.4%

13.5

-32%

$207.58

0.8%

0.4

$275,001

$300,000

269

22.4

-9%

$199.63

5.7%

18.8

-16%

$215.62

8.0%

0.5

$300,001

$350,000

541

45.1

$218.69

10.7%

148

37.0

-18%

$223.21

2.1%

0.7

$350,001

$400,000

391

32.6

12%

$220.31

13.5%

117

29.3

-10%

$229.53

4.2%

1.3

$400,001

$450,000

267

22.3

$224.14

11.1%

20.0

-10%

$223.16

-0.4%

1.7

$450,001

$500,000

180

15.0

16%

$222.44

6.9%

17.3

15%

$244.47

9.9%

1.7

$500,001

$600,000

226

18.8

26%

$235.87

5.2%

14.8

-22%

$234.69

-0.5%

3.9

$600,001

$700,000

128

10.7

14%

$254.45

8.2%

9.8

-9%

$260.19

2.3%

4.6

$700,001

$800,000

5.3

19%

$262.37

12.6%

4.3

-19%

$292.24

11.4%

8.9

$800,001

$900,000

2.3

33%

$263.40

-22.4%

1.8

-25%

$281.22

6.8%

9.1

$900,001

- $1,000,000

1.0

-14%

$282.13

-10.2%

2.0

100%

$262.93

-6.8%

5.5

3.8

61%

$349.82

-3.7%

4.5

20%

$376.01

7.5%

9.8

-8%

$215.91

11.1%

801

200.3

-17%

$226.59

5.0%

361

1.8

$203.72

11.5%

$212.65

4.4%

*Date

5/9/18

$1,000,001 -

Sky

Overall Total

2,894 241.2

Median

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

REAL ESTATS ≤

WHATCOM County Washington April 2018

%≈

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

Existing Single Family Sales by Zip Code 2017 ZIP

Total #

Per Mo

98220

0.3

98225

399

33.3

98226

495

41.3

98229

540

45.0

98230

313

98240

Ch in #/Mo

2018 Ch in Avg $

$/SF

Ch Avg $/SF

Total #

Per Mo

Ch in #/Mo

Avg$

Ch in Avg $

$/SF

Ch Avg $/SF

-40.0% $332,300

3.3%

$174.94

4.2%

0.0

-100.0%

-11.7% $435,048

9.2%

$277.61 10.6%

118

29.5

-11.3%

$490,921

12.8% $310.47 11.8%

14.7% $221.35 11.0%

141

35.3

-14.5%

$468,283

6.8%

$234.19

5.8%

-15.0% $415,097

8.3%

131

32.8

-27.2%

$419,823

1.1%

$221.82

2.5%

26.1

-17.4% $362,265

11.8% $202.63 10.0%

24.3

-7.0%

$364,034

0.5%

$204.66

1.0%

1.9

-50.0% $382,863

2.0%

$212.54 14.0%

3.5

82.6%

$469,832

22.7% $191.39 -10.0%

98244

6.0

0.0%

$299,492

15.2% $201.66 19.2%

4.3

-29.2%

$332,204

10.9% $182.38

98247

104

8.7

33.3%

$352,483

6.1%

$193.71

6.9%

7.5

-13.5%

$396,999

12.6% $224.97 16.1%

98248

331

27.6

-14.0% $345,740

6.3%

$196.34

7.0%

23.5

-14.8%

$345,489

-0.1%

$206.18

5.0%

98262

2.5

20.0%

$395,525

14.9% $247.27

-3.9%

2.3

-10.0%

$305,339

-22.8% $269.05

8.8%

98264

334

27.8

12.5%

$372,898

12.6% $195.27 11.1%

21.5

-22.8%

$381,129

2.2%

98266

5.1

1.7%

$192,586

17.7% $138.57 14.2%

3.8

-26.2%

$226,249

17.5% $159.85 15.4%

98268

0.0

98276

2.2

98281

98284 98295

1.0%

Avg$

$438,599

$216.39 13.6%

$194.87

-9.6%

-0.2%

0.3

$371,000

$170.03

-13.3% $279,731

7.1%

$168.11

2.6%

2.3

3.8%

$267,156

-4.5%

$162.66

-3.2%

3.5

-25.0% $335,769

33.8% $266.00 40.8%

2.3

-35.7%

$264,166

-21.3% $174.20 -34.5%

6.9

16.9%

7.4%

$193.88 18.9%

4.3

-38.6%

$354,653

23.9% $210.93

3.2

-22.4% $298,615

15.6% $169.27 15.9%

3.3

2.6%

$292,038

-2.2%

$286,316

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

8.8%

$204.59 20.9%

REAL ESTATS ≤

WHATCOM County Washington April 2018

%≈

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

Existing Home Sales by Year Built 2016 Year Built

Average $/SF

Ch in $/SF

2017

Average Average Size $

# Sold

Average $/SF

Ch in $/SF

2018

Average # Average $ Size Sold

Average $/SF

Ch in $/SF

Average Average $ Size

# Sold

Before 1960

$232.74 10.0%

1,515

$330,310

700

$256.42 10.2%

1,535

$369,043

703

$270.17

5.4%

1,525

$389,799

207

1960's

$199.88

4.5%

1,766

$336,659

166

$210.15

5.1%

1,810

$350,200

146

$228.29

8.6%

1,761

$384,550

1970's

$181.40

4.6%

1,677

$295,677

495

$201.48 11.1%

1,722

$328,602

473

$210.30

4.4%

1,772

$351,637

127

1980's

$182.32

-3.7%

1,893

$333,881

221

$204.26 12.0%

1,840

$366,870

204

$215.85

5.7%

1,902

$386,269

1990's

$185.97

3.8%

2,009

$367,180

581

$202.97

9.1%

2,070

$402,008

514

$209.31

3.1%

2,085

$425,592

145

2000

$182.97

-1.0%

2,152

$382,711

$216.01 18.1%

2,086

$422,690

$229.44

6.2%

2,480

$510,758

2001

$191.87

-0.5%

2,085

$391,342

$222.40 15.9%

2,326

$537,612

$275.91 24.1%

2,217

$564,889

2002

$202.43

4.0%

2,284

$461,813

$202.46

0.0%

2,178

$431,062

$235.00 16.1%

1,991

$459,425

2003

$173.62

-1.3%

1,948

$334,002

$207.28 19.4%

2,200

$444,359

$193.24

-6.8%

2,091

$394,307

2004

$177.02

2.9%

2,167

$376,752

101

$198.04 11.9%

2,225

$449,763

$193.41

-2.3%

2,207

$410,202

2005

$168.65

-0.8%

2,118

$353,442

146

$196.24 16.4%

2,227

$434,165

104

$192.35

-2.0%

1,805

$340,463

2006

$167.29

3.6%

2,320

$381,448

116

$181.12

8.3%

2,239

$397,823

111

$182.44

0.7%

2,537

$458,344

2007

$176.75

2.6%

2,449

$427,678

$195.97 10.9%

2,245

$437,858

$208.20

6.2%

2,529

$509,891

2008

$177.05

0.7%

2,321

$408,883

$197.38 11.5%

2,308

$426,575

$168.04 -14.9%

2,425

$406,318

2009

$187.15

-1.1%

1,981

$380,823

$201.02

7.4%

2,069

$417,312

$324.84 61.6%

2,781

$720,483

2010

$191.88 12.1%

1,914

$352,555

$217.84 13.5%

1,830

$393,155

$188.30 -13.6%

2,796

$495,363

2011

$185.27

7.0%

1,989

$370,359

$225.31 21.6%

2,064

$450,822

$192.05 -14.8%

1,896

$342,000

2012

$185.39

1.5%

2,036

$370,159

$214.22 15.6%

1,932

$413,932

$193.97

-9.5%

2,040

$397,920

2013

$196.57 11.9%

2,189

$419,383

$207.83

5.7%

1,962

$396,239

$228.21

9.8%

2,026

$415,372

2014

$195.47

2,046

$398,143

$201.52

3.1%

2,016

$389,331

$235.14 16.7%

2,166

$530,167

$222.60

1,844

$407,209

$214.54

-3.6%

2,028

$426,056

$213.34

2,050

$428,560

2015

New Construction

2016

New Construction

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

New Construction

REAL ESTATS ≤

WHATCOM County Washington April 2018

%≈

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

$/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

- $200,000

0.5

$129.78 -0.5%

0.3 -50%

$150.70 16.1%

0.1

-67% $214.29 42.2%

$200,001

- $225,000

0.8 -18% $151.79 -3.0%

0.8

$145.57 -4.1%

0.3

-56% $140.26 -3.6%

$225,001

- $250,000

2.8 -23% $152.94 -2.1%

1.8 -36%

$159.91

4.6%

0.6

-67% $174.22

$250,001

- $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

$207.51

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

$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

$166.40

3.4%

291

$161.17

0.9%

Median

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

6.1%

$255.91 -1.7%

8.9%

2.6%

0.3

$230.20

0.0 -100%

0.1

$214.12

0.0 -100%

0.2

$383.55

$179.07

7.6%

250

$173.13

7.4%

20.8 -14% $196.39

9.7%

$192.49 11.2%

REAL ESTATS ≤

WHATCOM County Washington April 2018

%≈

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

Total Ch in Per Mo # # Sld

2018 $/SF

Ch in $/SF

Total Ch in Per Mo # # Sld

Inventory* $/SF

Ch in $/SF

# Months

- $200,000

0.2

100%

$158.05

-26.2%

0.8

350%

$99.27

-37.2%

1.3

$200,001

- $225,000

0.2

-50%

$143.91

2.6%

0.3

50%

$199.07

38.3%

0.0

$225,001

- $250,000

0.6

$171.93

-1.3%

0.3

-57%

$188.82

9.8%

0.0

$250,001

- $275,000

0.4

-64%

$192.66

-4.2%

0.3

-40%

$158.86

-17.5%

0.0

$275,001

- $300,000

2.2

-21%

$201.81

-1.0%

0.5

-77%

$299.95

48.6%

12.0

$300,001

- $350,000

4.5

$198.99

8.6%

3.3

-28%

$193.12

-2.9%

2.5

$350,001

- $400,000

3.3

-9%

$201.44

8.7%

5.5

65%

$202.47

0.5%

1.3

$400,001

- $450,000

5.0

40%

$198.00

3.5%

8.0

60%

$203.12

2.6%

1.3

$450,001

- $500,000

2.9

150%

$197.00

-1.4%

4.3

46%

$205.36

4.2%

1.6

$500,001

- $600,000

3.4

105%

$230.46

3.8%

6.0

76%

$238.17

3.3%

2.0

$600,001

- $700,000

1.3

200%

$237.85

4.5%

2.0

60%

$232.46

-2.3%

2.5

$700,001

- $800,000

0.5

20%

$196.53

-17.3%

0.3

-50%

$404.09

105.6%

16.0

$800,001

- $900,000

0.3

$268.19

16.5%

0.0

-100%

$900,001

- $1,000,000

0.1

$269.57

25.9%

0.0

-100%

0.1

-50%

$250.96

-34.6%

0.0

-100%

299

24.9

20%

$205.30

4.5%

125

31.3

25%

$211.04

2.8%

2.1

$200.27

4.0%

$206.56

3.1%

$1,000,001 -

Sky

Overall Total Median

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

*Date 5/9/18

REAL ESTATS ≤

WHATCOM County Washington April 2018

%≈

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

New Single Family Sales by Zip Code 2017

2018

ZIP

Total #

Per Mo

Ch in #/Mo

Avg$

Ch in Avg $

$/SF

Ch Avg $/SF

Total #

Per Mo

Ch in #/Mo

Avg$

98225

0.6

-50.0%

$449,714

3.9%

$212.49

-8.2%

0.8

28.6%

$403,715

98226

4.3

-8.9%

$438,413

18.9% $225.13

6.5%

5.8

35.3%

$451,466

98229

3.8

36.4%

$576,258

14.6% $233.81

7.1%

6.5

73.3%

98230

3.3

29.0%

$438,732

14.4% $189.75

3.3%

3.3

98240

0.2

$385,500

$169.68

98244

0.2

$696,373

$238.84

98247

1.0

71.4%

$378,663

11.9% $195.86

98248

5.9

24.6%

$409,468

98264

3.9

30.6%

98266

0.8

98276

98284

98295

Ch in Avg $

$/SF

-10.2% $209.86

-1.2%

$247.46

9.9%

$500,121

-13.2% $222.38

-4.9%

-2.5%

$498,231

13.6% $215.23 13.4%

0.0

-100.0%

0.0

-100.0%

9.4%

1.8

75.0%

$390,284

3.1%

$189.52

-3.2%

14.1% $205.24

9.9%

4.0

-32.4%

$451,023

10.1% $194.68

-5.1%

$387,656

-8.0%

$195.24

9.6%

7.5

91.5%

$407,023

5.0%

-0.1%

350.0%

$219,531

1.6%

$161.91

5.9%

0.8

0.0%

$241,633

10.1% $182.25 12.6%

0.2

-75.0%

$338,500

12.8% $164.16 15.1%

0.0

-100.0%

0.2

0.0%

$319,950

-78.4% $178.56 -53.4%

0.0

-100.0%

0.8

125.0%

$298,242

21.2% $138.36

1.0

33.3%

$328,644

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

-6.2%

3.0%

Ch Avg $/SF

$195.05

10.2% $159.80 15.5%

REAL ESTATS ≤

WHATCOM County Washington April 2018

%≈

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 XXVIII • 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 2018

%≈

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 Range of Prices

2018

Inventory*

Total #

Per Mo

Ch in # Sld

$/SF

Ch in $/SF

Total #

Per Mo

Ch in # Sld

$/SF

Ch in $/SF

# Months

$175,000

206

17.2

-30%

$180.52

12.0%

13.0

-24%

$201.89

11.8%

0.7

$175,001

$200,000

6.8

$205.48

12.5%

4.8

-30%

$202.01

-1.7%

0.4

$200,001

$225,000

5.9

$219.93

12.8%

5.5

-7%

$217.81

-1.0%

0.7

$225,001

$250,000

5.1

17%

$221.55

11.2%

3.8

-26%

$221.41

-0.1%

2.7

$250,001

$275,000

2.9

-5%

$212.77

-7.5%

5.8

97%

$226.94

6.7%

1.0

$275,001

$300,000

2.5

15%

$233.52

-15.0%

3.5

40%

$251.25

7.6%

1.4

$300,001

$350,000

4.3

89%

$237.37

0.8%

4.0

-6%

$260.13

9.6%

1.8

$350,001

$400,000

1.7

-26%

$288.28

8.6%

4.5

170%

$247.98

-14.0%

0.9

$400,001

$450,000

1.6

27%

$287.64

5.0%

2.3

42%

$342.65

19.1%

1.3

$450,001

$500,000

0.8

100%

$275.43

-11.9%

0.0

-100%

$500,001

$600,000

1.3

114%

$316.94

0.9%

0.8

-40%

$240.72

-24.0%

2.7

$600,001

$700,000

0.6

40%

$344.04

2.6%

0.5

-14%

$365.77

6.3%

4.0

$700,001

$800,000

0.2

-50%

$381.16

-4.4%

0.8

350%

$384.70

0.9%

0.0

$800,001

$900,000

0.0

$900,001

- $1,000,000

0.1

$484.83

0.0

-100%

0.2

$691.56

1.3

650%

$417.79

-39.6%

0.0

612

51.0

-5%

$218.14

12.1%

201

50.3

-1%

$236.78

8.5%

1.2

$204.53

18.7%

$219.96

7.5%

*Date

5/9/18

$1,000,001 -

Sky

Overall Total Median Median Price

$210,000

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

14.7%

$237,000

12.9%

REAL ESTATS ≤

WHATCOM County Washington April 2018

%≈

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 XXVIII • 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 2018

%≈

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 Range of Prices

2018

Inventory*

Total #

Per Mo

Ch in # Sld

$/SF

Ch in $/SF

Total #

Per Mo

Ch in # Sld

$/SF

Ch in $/SF

# Months

$175,000

0.1

-67%

$584.32

69.6%

0.0

-100%

$175,001

$200,000

0.1

$146.77

0.0

-100%

$200,001

$225,000

0.0

$225,001

$250,000

0.2

100%

$408.98

122.3%

0.0

-100%

$250,001

$275,000

0.2

$253.12

2.8%

0.0

-100%

$275,001

$300,000

1.1

63%

$254.04

12.1%

1.3

15%

$282.48

11.2%

1.6

$300,001

$350,000

1.3

$244.48

10.8%

0.5

-63%

$239.66

-2.0%

2.0

$350,001

$400,000

0.1

$235.46

2.3

2600%

$261.81

11.2%

0.9

$400,001

$450,000

0.1

-50%

$140.28

-46.4%

0.3

200%

$212.45

51.4%

4.0

$450,001

$500,000

0.0

-100%

0.0

$500,001

$600,000

0.0

$600,001

$700,000

0.1

$263.01

0.3

200%

$317.87

20.9%

4.0

$700,001

$800,000

0.2

100%

$346.50

90.8%

0.5

200%

$284.40

-17.9%

16.0

$800,001

$900,000

0.3

$391.36

0.3

$329.94

-15.7%

20.0

$900,001

$1,000,000

0.1

$407.20

0.0

-100%

$1,000,001

Sky

0.2

100%

$375.03

-8.4%

0.8

350%

$371.64

-0.9%

2.7

3.8

28%

$281.14

15.3%

6.0

57%

$283.00

0.7%

3.7

$248.90

7.3%

$279.73

12.4% *Date

Overall Total Median Median Price

$324,020

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

6.3%

$360,950

5/9/18

11.4%

REAL ESTATS ≤

WHATCOM County Washington April 2018

%≈

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

All Condo/Attached Unit Sales by Zip Code 2017 ZIP

Total #

Per Mo

Ch in #/Mo

98225

161

13.4

0.0%

98226

186

15.5

98229

98230

2018 Ch Avg $/SF

Total #

Per Mo

Ch in #/Mo

Avg$

Ch in Avg $

$/SF

Ch Avg $/SF

$302,601 17.9% $271.26

14.5%

13.3

-1.2%

$300,939

-0.5%

$270.97

-0.1%

-10.6%

$242,001 10.6% $213.22

15.2%

16.0

3.2%

$302,474

25.0%

$231.89

8.8%

5.8

-18.8%

$210,137 26.9% $190.84

24.3%

5.0

-13.0%

$226,363

7.7%

$196.54

3.0%

119

9.9

35.2%

$257,302 18.0% $227.77

9.7%

12.5

26.1%

$383,568

49.1%

$270.06

18.6%

98244

1.1

-38.1%

$86,915

15.4%

1.8

61.5%

$94,986

9.3%

$152.61

16.2%

98247

0.8

11.1%

$257,610

5.6%

$174.60

11.4%

0.0

-100.0%

98248

1.8

31.3%

$183,009

6.9%

$182.38

4.2%

1.0

-42.9%

$320,475

75.1%

$179.81

-1.4%

98264

5.4

6.6%

$238,641 11.8% $178.17

13.1%

5.0

-7.7%

$266,668

11.7%

$195.71

9.8%

98266

0.2

$196,000

$157.39

0.5

200.0%

$187,550

-4.3%

$133.36

-15.3%

98276

0.1

$179,900

$140.00

0.0

-100.0%

98281

0.2

-33.3%

$299,000 120.1% $280.88

106.2%

0.3

50.0%

$195,000 -34.8% $185.54

98284

0.4

-61.5%

$231,245

$488.92

-16.2%

0.8

80.0%

$289,929

25.4%

$493.67

1.0%

98295

0.3

-50.0%

$155,875 16.7% $125.88

28.0%

0.3

-25.0%

$175,000

12.3%

$113.93

-9.5%

Avg$

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

Ch in Avg $

$/SF

43.9% $131.34

3.3%

-33.9%

REAL ESTATS ≤

WHATCOM County Washington April 2018

%≈

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

Subdivision Lot Sales 2015

Less than an acre Lot Price Range $1,000

$50,001

Lots

2016

Ch '15 Monthly vs '14

2017

Ch '16 Monthly vs '15

Lots

2018

Ch '17 Monthly vs '16

Lots

Ch '18 Monthly vs '17

$50,000

166

13.8

-42%

5.9

-57%

8.0

35%

11.5

44%

$75,000

5.9

-46%

8.3

39%

5.4

-34%

5.3

-3%

$75,001

- $100,000

121

10.1

53%

108

9.0

-11%

160

13.3

48%

9.3

-31%

$100,001

- $150,000

5.3

33%

6.7

25%

126

10.5

58%

9.0

-14%

$150,001

- $200,000

1.3

2.6

107%

3.8

45%

2.5

-33%

$200,001

- $300,000

0.5

-33%

1.3

167%

2.2

63%

2.3

$300,001

sky

0.5

20%

0.7

33%

1.3

88%

2.3

80%

TOTAL

449

37.4

-22%

413

34.4

-8%

533

44.4

29%

168

42.0

-5%

Average Price:

$76,306

27%

$100,574

32%

$108,009

$110,525

% Avg Lot/Avg New Home

21.3%

19%

25.2%

18%

25.0%

Median Price:

$75,000

50%

$85,750

14%

$96,500

13%

$87,500

-9%

% Median to Median

22.1%

38%

23.6%

23.0%

-2%

20.3%

-12%

Subdivision Lot Sales by Size Year Square Foot Ranges

2015 # % of Sold Total

2016

Average # % of % Ch $ $ Sold Total

2017

Average # % of % Ch $ $ Sold Total

2017

Average # % of % Ch $ $ Sold Total

Average % Ch $ $

unknown

Land Condo Recreational

20%

$15,328

$32,545

112%

$17,503

-46%

18%

$16,823

-4%

- 5,000

$62,163

12%

$95,812

54%

$125,228

31%

$140,250

12%

5,001 - 7,500

14%

$82,939

17%

16%

$91,238

10%

119

22%

$91,907

14%

$95,163

7,501 - 10,000

114

25%

$80,691

103

25%

$86,989

139

26%

$109,600

26%

17%

$124,225

13%

10,001 - 15,000

15%

$111,158

35%

22%

$101,152

-9%

16%

$132,750

31%

32%

$115,874

-13%

15,001 - 43,559

18%

$111,510

105

25%

$142,678

28%

18%

$142,491

15%

$205,467

44%

$76,306

27%

413

$100,574

32%

533

$108,009

168

$110,525

Total

449

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

REAL ESTATS ≤

WHATCOM County Washington April 2018

%≈

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

2015

2016

2017

Ch '15 Monthly vs '14

Ch '16 Monthly vs '15

Ch '17 Monthly vs '16

Lots

2018 Lots

Monthly

Ch '18 vs '17

$1,900

- $50,000

1.2

-56%

0.9

-21%

1.1

18%

1.5

38%

$50,001

$75,000

1.0

-56%

2.3

125%

0.9

-59%

2.8

200%

$75,001

- $100,000

2.8

36%

2.8

-3%

2.3

-18%

0.8

-67%

$100,001

- $150,000

4.2

3.6

-14%

2.7

-26%

3.3

22%

$150,001

- $200,000

2.5

36%

2.8

10%

2.2

-21%

3.5

62%

$200,001

- $300,000

1.7

122%

1.3

-25%

1.8

40%

5.0

186%

$300,001

sky

0.9

175%

0.4

-55%

1.2

180%

0.8

-36%

TOTAL

171

14.3

167

13.9

-2%

144

12.0

-14%

17.5

46%

Average Price:

$154,446

33.9%

$132,469

-14.2%

$169,368

27.9%

$164,111

-3.1%

Median Price:

$126,756

26.8%

$110,500

-12.8%

$136,667

23.7%

$157,450

15.2%

Average $/Acre

$55,526

22.1%

$43,821

-21.1%

$56,873

29.8%

$52,831

-7.1%

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

REAL ESTATS ≤

WHATCOM County Washington April 2018

%≈

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

Four Years Compared 2006 - 2009 County Records

2006

Ch '06 vs '05

2007

Ch '07 vs '06

2008

Ch '08 vs '07

2009

Ch '09 vs '08

Existing Residences

$911,644,785

-17.7%

$846,054,785

-7.2%

$617,979,243

-27.0%

$587,580,543

-4.9%

# In County

2,969

-22.8%

2,535

-14.6%

1,897

-25.2%

1,935

2.0%

Largest

$3,043,000

20.5%

$3,071,545

0.9%

$3,300,000

7.4%

$2,500,000

-24.2%

Average

$307,054

6.7%

$333,749

8.7%

$325,767

-2.4%

$303,659

-6.8%

Median

$268,500

7.4%

$285,000

6.1%

$276,780

-2.9%

$260,000

-6.1%

Average $/SF

$206.64

10.1%

$211.13

2.2%

$215.49

2.1%

$175.28

-18.7%

New Construction

$192,379,432

-25.5%

$175,375,234

-8.8%

$123,701,994

-29.5%

$75,421,415

-39.0%

# In County

556

-33.1%

479

-13.8%

361

-24.6%

245

-32.1%

Largest

$2,216,875

70.5%

$1,610,491

-27.4%

$1,480,000

-8.1%

$892,600

-39.7%

Average

$346,006

11.4%

$366,128

5.8%

$342,665

-6.4%

$307,843

-10.2%

Median

$310,000

11.6%

$329,879

6.4%

$304,750

-7.6%

$267,800

-12.1%

% Of $ New

17.4%

-7.8%

17.2%

-1.5%

16.7%

-2.9%

11.4%

-31.8%

% Of Units New

15.8%

-11.2%

15.9%

0.8%

16.0%

0.6%

11.2%

-29.7%

Condominiums

$161,230,231

29.0%

$168,549,777

4.5%

$120,349,205

-28.6%

$77,539,724

-35.6%

# In County

711

9.0%

743

4.5%

525

-29.3%

374

-28.8%

Average

$226,765

18.3%

$226,850

0.0%

$229,237

1.1%

$207,325

-9.6%

Mobile Homes

$50,762,683

-14.8%

$46,541,310

-8.3%

$36,770,893

-21.0%

$32,032,455

-12.9%

# in County

278

-29.6%

278

0.0%

223

-19.8%

217

-2.7%

Plexes

$35,175,592

7.8%

$36,275,761

3.1%

$28,402,744

-21.7%

$23,473,415

-17.4%

# Buildings

1.1%

106

11.6%

-25.5%

-20.3%

Units

241

-4.0%

270

12.0%

181

-33.0%

139

-23.2%

Average Unit

$145,957

12.2%

$134,355

-7.9%

$156,921

16.8%

$168,873

7.6%

Total Volume (Residential)

$1,351,192,722

-14.6%

$1,272,796,867

-5.8%

$927,204,079

-27.2%

$796,047,552

-14.1%

# In County

4,609

-20.8%

4,141

-10.2%

3,085

-25.5%

2,834

-8.1%

Average Res'l Unit (No Plexes)

$291,541

7.7%

$306,449

5.1%

$299,002

-2.4%

$278,807

-6.8%

Land

$114,659,334

-43.1%

$121,759,878

6.2%

$167,876,356

37.9%

$70,758,335

-57.9%

# In County

487

-55.9%

616

26.5%

517

-16.1%

428

-17.2%

Largest

$3,762,500

-52.7%

$4,200,000

11.6%

$48,069,884

1044.5%

$4,000,000

-91.7%

Average

$235,440

28.9%

$197,662

-16.0%

$324,712

64.3%

$165,323

-49.1%

Commercial

$299,496,347

6.2%

$255,482,131

-14.7%

$194,522,930

-23.9%

$114,038,389

-41.4%

# In County

249

-19.7%

238

-4.4%

228

-4.2%

175

-23.2%

Grand Total Volume

$1,765,348,403

-14.6%

$1,650,038,876

-6.5%

$1,289,603,365

-21.8%

$980,844,276

-23.9%

Total # In County

5,345

-26.1%

4,995

-6.5%

3,830

-23.3%

3,437

-10.3%

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

REAL ESTATS ≤

WHATCOM County Washington April 2018

%≈

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

Four Years Compared 2010 - 2013 County Records

2010

Ch '10 vs '09

2011

Ch '11 vs '10

2012

Ch '12 vs '11

2013

Ch '13 vs '12

Existing Residences

$539,488,701

-8.2%

$514,295,127

-4.7%

$611,296,175

18.9%

$706,598,404

15.6%

# In County

1,820

-5.9%

1,800

-1.1%

2,110

17.2%

2,395

13.5%

Largest

$1,846,400

-26.1%

$2,500,000

35.4%

$1,950,000

-22.0%

$2,100,000

7.7%

Average

$296,422

-2.4%

$285,720

-3.6%

$289,714

1.4%

$295,031

1.8%

Median

$258,000

-0.8%

$248,000

-3.9%

$250,000

0.8%

$258,500

3.4%

Average $/SF

$187.35

6.9%

$174.65

-6.8%

$177.01

1.4%

$182.03

2.8%

New Construction

$50,524,649

-33.0%

$46,734,041

-7.5%

$64,084,494

37.1%

$81,004,098

26.4%

# In County

181

-26.1%

170

-6.1%

226

32.9%

258

14.2%

Largest

$875,000

-2.0%

$515,000

-41.1%

$580,000

12.6%

$836,000

44.1%

Average

$279,142

-9.3%

$274,906

-1.5%

$283,560

3.1%

$313,969

10.7%

Median

$259,000

-3.3%

$262,000

1.2%

$274,300

4.7%

$299,975

9.4%

% Of $ New

8.6%

-24.7%

8.3%

-2.7%

9.5%

13.9%

10.3%

8.4%

% Of Units New

9.0%

-19.5%

8.6%

-4.6%

9.7%

12.1%

9.7%

0.5%

Condominiums

$81,304,210

4.9%

$59,075,263

-27.3%

$76,887,086

30.2%

$93,986,611

22.2%

# In County

336

-10.2%

288

-14.3%

388

34.7%

445

14.7%

Average

$241,977

16.7%

$205,122

-15.2%

$198,163

-3.4%

$211,206

6.6%

Mobile Homes

$28,691,992

-10.4%

$23,937,011

-16.6%

$23,220,796

-3.0%

$32,472,604

39.8%

# in County

217

0.0%

198

-8.8%

203

2.5%

248

22.2%

Plexes

$25,156,061

7.2%

$22,607,351

-10.1%

$40,010,844

77.0%

$37,473,955

-6.3%

# Buildings

-1.6%

11.3%

109

58.0%

106

-2.8%

Units

151

8.6%

166

9.9%

266

60.2%

259

-2.6%

Average Unit

$166,596

-1.3%

$136,189

-18.3%

$150,417

10.4%

$144,687

-3.8%

Total Volume (Residential)

$725,165,613

-8.9%

$666,648,793

-8.1%

$815,499,395

22.3%

$951,535,672

16.7%

# In County

2,616

-7.7%

2,525

-3.5%

3,036

20.2%

3,452

13.7%

Average Res'l Unit (No Plexes)

$274,084

-1.7%

$262,232

-4.3%

$264,943

1.0%

$273,180

3.1%

Land

$61,340,402

-13.3%

$102,877,358

67.7%

$82,723,422

-19.6%

$88,690,078

7.2%

# In County

510

19.2%

641

25.7%

647

0.9%

742

14.7%

Largest

$1,300,000

-67.5%

$20,550,626

1480.8%

$3,700,000

-82.0%

$5,880,000

58.9%

Average

$120,275

-27.2%

$160,495

33.4%

$127,857

-20.3%

$119,528

-6.5%

Commercial

$134,987,746

18.4%

$140,312,862

3.9%

$367,068,179

161.6%

$208,833,146

-43.1%

# In County

162

-7.4%

175

8.0%

242

38.3%

273

12.8%

Grand Total Volume

$921,493,761

-6.1%

$909,839,013

-1.3%

$1,265,290,996

39.1%

$1,249,058,896

-1.3%

Total # In County

3,288

-4.3%

3,341

1.6%

3,925

17.5%

4,467

13.8%

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

REAL ESTATS ≤

WHATCOM County Washington April 2018

%≈

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

Four Years Compared 2014 - 2017 County Records

2014

Ch '14 vs '13

2015

Ch '15 vs '14

2016

Ch '16 vs '15

2017

Ch '17 vs '16

Existing Residences

$769,282,842

8.9%

$985,118,552

28.1%

$1,092,648,409

10.9%

$1,115,344,322

2.1%

# In County

2,540

6.1%

3,047

20.0%

3,130

2.7%

2,894

-7.5%

Largest

$2,250,000

7.1%

$3,000,000

33.3%

$2,150,000

-28.3%

$3,000,000

39.5%

Average

$302,867

2.7%

$323,308

6.7%

$349,089

8.0%

$385,399

10.4%

Median

$264,750

2.4%

$283,000

6.9%

$314,500

11.1%

$342,000

8.7%

Average $/SF

$189.34

4.0%

$187.11

-1.2%

$194.40

3.9%

$215.91

11.1%

New Construction

$93,323,419

15.2%

$104,097,795

11.5%

$99,972,266

-4.0%

$128,964,630

29.0%

# In County

278

7.8%

291

4.7%

250

-14.1%

299

19.6%

Largest

$1,040,000

24.4%

$789,500

-24.1%

$1,704,658

115.9%

$1,017,886

-40.3%

Average

$335,696

6.9%

$357,724

6.6%

$399,889

11.8%

$431,320

7.9%

Median

$313,200

4.4%

$339,900

8.5%

$363,500

6.9%

$419,000

15.3%

% Of $ New

10.8%

5.2%

9.6%

-11.7%

8.4%

-12.3%

10.4%

23.6%

% Of Units New

9.9%

1.4%

8.7%

-11.6%

7.4%

-15.2%

9.4%

26.6%

Condominiums

$92,763,926

-1.3%

$110,763,184

19.4%

$145,056,488

31.0%

$164,859,763

13.7%

# In County

440

-1.1%

540

22.7%

677

25.4%

658

-2.8%

Average

$210,827

-0.2%

$205,117

-2.7%

$214,264

4.5%

$250,547

16.9%

Mobile Homes

$33,405,722

2.9%

$38,350,906

14.8%

$47,186,387

23.0%

$52,591,170

11.5%

# in County

250

0.8%

260

4.0%

269

3.5%

303

12.6%

Plexes

$38,610,751

3.0%

$37,936,514

-1.7%

$30,258,826

-20.2%

$33,192,471

9.7%

# Buildings

104

-1.9%

-4.8%

-26.3%

4.1%

Units

265

2.3%

240

-9.4%

182

-24.2%

202

11.0%

Average Unit

$145,701

0.7%

$158,069

8.5%

$166,257

5.2%

$164,319

-1.2%

Total Volume (Residential)

$1,027,386,660

8.0%

$1,276,266,951

24.2%

$1,415,122,376

10.9%

$1,494,952,356

5.6%

# In County

3,612

4.6%

4,237

17.3%

4,399

3.8%

4,230

-3.8%

Average Res'l Unit (No Plexes)

$281,863

3.2%

$299,258

6.2%

$320,126

7.0%

$351,892

9.9%

Land

$76,498,856

-13.7%

$76,788,205

0.4%

$93,144,151

21.3%

$102,791,094

10.4%

# In County

703

-5.3%

630

-10.4%

601

-4.6%

690

14.8%

Largest

$3,100,000

-47.3%

$1,600,000

-48.4%

$3,493,925

118.4%

$1,526,000

-56.3%

Average

$108,818

-9.0%

$121,886

12.0%

$154,982

27.2%

$148,973

-3.9%

Commercial

$452,602,455

116.7%

$282,640,836

-37.6%

$217,750,885

-23.0%

$263,649,853

21.1%

# In County

273

0.0%

237

-13.2%

214

-9.7%

193

-9.8%

Grand Total Volume

$1,556,487,971

24.6%

$1,635,695,992

5.1%

$1,726,017,412

5.5%

$1,861,393,303

7.8%

Total # In County

4,588

2.7%

5,104

11.2%

5,214

2.2%

5,113

-1.9%

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