April 2016 REAL ESTATS by BuyerMax

REAL ESTATS ≤

WHATCOM County Washington April 2016

%≈

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

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

Data used: Recorded transactions from county records

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

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

REAL ESTATS ≤

WHATCOM County Washington April 2016

%≈

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

HIGHLIGHTS April 2016     

(vs. prior month)

Residential sales volume: up 6% Residential transactions: up 6% Existing home transactions: up 12% New home transactions: down 12% Attached units sold: down 14%

Year-to-date 2016      

Residential sales volume: up 5% to $355 million Residential transactions: down 3% to 1,147 Plexes (2-5 units) sales: down 56% to $7.4 million Land sales: up 5% to $31 million

75 New Single Family Detached 808 Existing Homes 170 Condos and Townhomes

Commercial volume: up 2% to $80 million Average residence: $308,946, up 9%

Foreclosed Single Family Detached Sales      

Sold in 2016

(vs. Year-to-date 2015)

(vs. 2015)

6 sold monthly, down 59% Average sale price: $199,538, down 3% Average $/SF: $126.32, unchanged and 33% less than non-foreclosed sales 19 properties are in some state of foreclosure, down 60% from a year ago 3% of existing home sales were foreclosed properties 15 properties in foreclosure represent 2% of the homes for sale

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

Average sale price: $368,182, up 7% Median sale price: $350,000, up 10% The average $/SF: $192.68, up 8% New homes represent 9% of volume and 9% of units recorded 75 sold vs. 87 sold last year, down 14%; volume: down 8% to $28 million Best range: $300,001 - $350,000 with 5.8 sales per month Inventory represents 3.9 months of supply, a sellers’ market, barely

3 homes built from 2006 to 2013 were classified as existing though marked by county as new Vol XXVI • 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 2016

(continued)

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

Units sold: down 5%; volume: up 6% to $275 million 808 units sold this year vs. 853 last year Average price: $340,125, up 11% Half the homes (median) sold for more than $303,611, up 13% Average $/SF for homes sold at $186.70 (all sales), up 2% Best range: $300,001 - $350,000 with 31 recorded monthly Inventory represents a three month supply, a sellers’ market

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

Average sale price: $193,903, up 4%; Median $164,200, down 9% Existing median: $167,000, down 7%; New median: $320,000, up 19% 170 sold vs. 129, up 32% (1 new unit); volume: up 37% to $33 million Average $/SF, Existing: $176.88, down 4% from last year’s average Average $/SF, New: $180.38, up 5% Best range, existing: $35,000 - $175,000 with 22.3 monthly Existing inventory represents 3.2 months of supply, a sellers’ market Best range, new: $300,001 - $350,000 with 0.3 per month New inventory represents 48 months of supply, a very strong buyers’ market

Subdivisions (vs. 2015)       

The average lot sold for $98,841, up 30% Half the lots (median) sold for less than $86,500, up 15% 35.5 sold vs. 37.4 monthly last year, down 5% Best ranges: $50,001 - $75,000 and $75,001 - $100,000, each with 9.5 recorded monthly The average lot represents 26.8% of the average new home; 24.7% median to median 15 acreage lots sold monthly vs. 14.3 monthly last year, up 5% The average acreage lot sold for $142,461, down 8%; average/acre: $49,737, down 10%

Comments The housing market has higher prices but not at record levels. The best season for activity is now through September and because inventory is in a sellers’ market, prices will likely head higher. Foreclosures are disappearing which is a very posititve sign for the housing market.

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

REAL ESTATS ≤

WHATCOM County Washington April 2016

%≈

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

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

Subdivision/Project

Total Volume

Short Plat/Lot Line Adj

$1,346,600

$425,000

Liberty Park

$2,192,300

Village @ King Mountain

Larrabee Springs

North Prairie

5 6

Average Price

Average $/SF

% Mkt $

$226,600

$336,650

$175.09

5.3%

$377,300

$354,900

$365,383

$203.37

7.9%

$1,719,900

$365,000

$310,000

$343,980

$203.92

6.6%

$1,396,425

$284,900

$269,900

$279,285

$231.87

6.6%

$1,102,900

$418,000

$269,900

$367,633

$147.23

3.9%

Pacific Highlands

$1,053,500

$374,500

$330,000

$351,167

$186.98

3.9%

Maple Ridge

$975,000

$345,000

$310,000

$325,000

$173.76

3.9%

Gill

$913,683

$314,000

$286,000

$304,561

$141.26

3.9%

Vista Meadows

$957,500

$635,000

$322,500

$478,750

$220.27

2.6%

Heron Crest

$866,500

$436,500

$430,000

$433,250

$218.20

2.6%

Halice Court

$768,500

$389,000

$379,500

$384,250

$200.82

2.6%

High Price Low Price

Belmont

$751,350

$412,450

$338,900

$375,675

$250.80

2.6%

Harbor Shores

$683,750

$349,000

$334,750

$341,875

$153.13

2.6%

Sudden Valley

$671,500

$339,500

$332,000

$335,750

$196.81

2.6%

West Cedar Park

$537,000

$282,000

$255,000

$268,500

$201.79

2.6%

Goodwin Short

$730,000

$259.88

1.3%

Shintaffer Farms

$600,000

$221.24

1.3%

The Highlands

$567,490

$233.53

1.3%

Triple J Farms

$551,652

$225.16

1.3%

North Shore Estates

$540,100

$183.33

1.3%

Henley Heights

$525,000

$226.00

1.3%

Supplemental Map Whatcom

$479,900

$228.52

1.3%

Birch Street

$470,000

$271.05

1.3%

Sandy Point Heights

$454,000

$174.88

1.3%

North Street

$452,000

$214.12

1.3%

Peabody Street Seven

$424,900

$223.04

1.3%

The Greens @ Loomis Trail

$420,000

$191.08

1.3%

Maberry

$416,000

$185.38

1.3%

Pioneer Meadows

$389,000

$162.08

1.3%

Bay To Baker

$371,518

$218.80

1.3%

Stillwater Estates

$363,000

$155.86

1.3%

TOTAL

$22,344,368

$730,000

$255,000

$360,393

$192.52

81.6%

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

REAL ESTATS ≤

WHATCOM County Washington April 2016

%≈

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

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

Subdivision/Project

Total Volume

Average Price

Average $/SF

% Mkt $

Short Plat/Lot Line Adj

$1,346,600

$425,000

$226,600

$336,650

$175.09

4.8%

Liberty Park

$2,192,300

$377,300

$354,900

$365,383

$203.37

7.8%

Village @ King Mountain

$1,719,900

$365,000

$310,000

$343,980

$203.92

6.2%

Larrabee Springs

North Prairie

$1,396,425

$284,900

$269,900

$279,285

$231.87

5.0%

$1,102,900

$418,000

$269,900

$367,633

$147.23

3.9%

Pacific Highlands

$1,053,500

$374,500

$330,000

$351,167

$186.98

3.8%

Maple Ridge

$975,000

$345,000

$310,000

$325,000

$173.76

3.5%

Vista Meadows

$957,500

$635,000

$322,500

$478,750

$220.27

3.4%

Gill

$913,683

$314,000

$286,000

$304,561

$141.26

3.3%

Heron Crest

$866,500

$436,500

$430,000

$433,250

$218.20

3.1%

Halice Court

$768,500

$389,000

$379,500

$384,250

$200.82

2.8%

High Price Low Price

Belmont

$751,350

$412,450

$338,900

$375,675

$250.80

2.7%

Goodwin Short

$730,000

$259.88

2.6%

Harbor Shores

$683,750

$349,000

$334,750

$341,875

$153.13

2.4%

Sudden Valley

$671,500

$339,500

$332,000

$335,750

$196.81

2.4%

Shintaffer Farms

$600,000

$221.24

2.1%

The Highlands

$567,490

$233.53

2.0%

Triple J Farms

$551,652

$225.16

2.0%

North Shore Estates

$540,100

$183.33

1.9%

West Cedar Park

$537,000

$282,000

$255,000

$268,500

$201.79

1.9%

Henley Heights

$525,000

$226.00

1.9%

Supplemental Map Whatcom

$479,900

$228.52

1.7%

Birch Street

$470,000

$271.05

1.7%

Sandy Point Heights

$454,000

$174.88

1.6%

North Street

$452,000

$214.12

1.6%

Peabody Street Seven

$424,900

$223.04

1.5%

The Greens @ Loomis Trail

$420,000

$191.08

1.5%

Maberry

$416,000

$185.38

1.5%

Pioneer Meadows

$389,000

$162.08

1.4%

Bay To Baker

$371,518

$218.80

1.3%

Stillwater Estates

$363,000

$155.86

1.3%

TOTAL

$22,344,368

$730,000

$255,000

$360,393

$192.52

84.8%

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

REAL ESTATS ≤

WHATCOM County Washington April 2016

%≈

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

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

Seller

Total Volume

Average Price

Average $/SF

% Mkt $

Roosendaal Honcoop Inc

$1,817,300

$377,300

$354,900

$363,460

$207.87

6.6%

Larrabee Springs Inc

$1,396,425

Alliance Properties 2000 LLC

$1,369,900

$284,900

$269,900

$279,285

$231.87

6.6%

$365,000

$310,000

$342,475

$206.76

5.3%

Rubicon Idc LLC

$1,385,100

$540,100

$415,000

$461,700

$191.64

3.9%

Summit View Construction NW LLC

$913,683

$314,000

$286,000

$304,561

$141.26

3.9%

High Price Low Price

Skeers Construction Inc

$1,037,490

$567,490

$470,000

$518,745

$252.29

2.6%

Wiemar Development LLP

$768,500

$389,000

$379,500

$384,250

$200.82

2.6%

Greenbriar Construction Corp

$751,350

$412,450

$338,900

$375,675

$250.80

2.6%

Pacific Highlands LLC

$679,000

$349,000

$330,000

$339,500

$197.98

2.6%

West Cedar Park LLC

$537,000

$282,000

$255,000

$268,500

$201.79

2.6%

Goodwin Robert W & Sheila D

$730,000

$259.88

1.3%

Braithwaite David F & Tanya

$635,000

$277.41

1.3%

Hawthorne Land Dev LLC

$600,000

$221.24

1.3%

Masons Houseworks Inc

$551,652

$225.16

1.3%

Del Pozo Manuel R

$525,000

$226.00

1.3%

Mzm Ents LLC

$479,900

$228.52

1.3%

Wolters, Brent & Olga

$454,000

$174.88

1.3%

Olys Cricket LLC

$452,000

$214.12

1.3%

Deveau Richard G

$436,500

$215.66

1.3%

Cowden Brent

$425,000

$168.38

1.3%

Roesiger North LLC

$424,900

$223.04

1.3%

Bal Construction Inc

$420,000

$191.08

1.3%

West VIew Dev LLC

$418,000

$157.85

1.3%

Tabert Homes Inc

$416,000

$185.38

1.3%

Scott Jacqueline J

$415,000

$130.75

1.3%

Unruh Construction Inc

$389,000

$162.08

1.3%

Life Giving Investment Team

$375,000

$180.90

1.3%

N/w General Bldrs Const LLC

$374,500

$164.98

1.3%

Obrien Garrett M

$371,518

$218.80

1.3%

Stillwater Estates LLC

$363,000

$155.86

1.3%

TOTAL

$19,911,718

$730,000

$255,000

$398,234

$192.52

65.8%

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

REAL ESTATS ≤

WHATCOM County Washington April 2016

%≈

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

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

Seller

Roosendaal Honcoop Inc

$1,817,300

$377,300

$354,900

$363,460

$207.87

6.5%

Larrabee Springs Inc

$1,396,425

$284,900

$269,900

$279,285

$231.87

5.0%

Rubicon Idc LLC

$1,385,100

$540,100

$415,000

$461,700

$191.64

5.0%

Alliance Properties 2000 LLC

$1,369,900

$365,000

$310,000

$342,475

$206.76

4.9%

Total Volume

High Price Low Price

Average Price

Average $/SF

% Mkt $

Skeers Construction Inc

$1,037,490

$567,490

$470,000

$518,745

$252.29

3.7%

Summit View Construction NW LLC

$913,683

$314,000

$286,000

$304,561

$141.26

3.3%

Wiemar Development LLP

$768,500

$389,000

$379,500

$384,250

$200.82

2.8%

Greenbriar Construction Corp

$751,350

$412,450

$338,900

$375,675

$250.80

2.7%

Goodwin Robert W & Sheila D

$730,000

$259.88

2.6%

Pacific Highlands LLC

$679,000

$349,000

$330,000

$339,500

$197.98

2.4%

Hawthorne Land Dev LLC

$600,000

$221.24

2.1%

Masons Houseworks Inc

$551,652

$225.16

2.0%

West Cedar Park LLC

$537,000

$282,000

$255,000

$268,500

$201.79

1.9%

Del Pozo Manuel R

$525,000

$226.00

1.9%

Mzm Ents LLC

$479,900

$228.52

1.7%

Wolters, Brent & Olga

$454,000

$174.88

1.6%

Olys Cricket LLC

$452,000

$214.12

1.6%

Deveau Richard G

$436,500

$215.66

1.6%

Cowden Brent

$425,000

$168.38

1.5%

Roesiger North LLC

$424,900

$223.04

1.5%

West VIew Dev LLC

$418,000

$157.85

1.5%

Tabert Homes Inc

$416,000

$185.38

1.5%

Scott Jacqueline J

$415,000

$130.75

1.5%

Unruh Construction Inc

$389,000

$162.08

1.4%

Life Giving Investment Team

$375,000

$180.90

1.3%

N/w General Bldrs Const LLC

$374,500

$164.98

1.3%

Obrien Garrett M

$371,518

$218.80

1.3%

Stillwater Estates LLC

$363,000

$155.86

1.3%

Mountain States Builders Inc

$354,800

$184.79

1.3%

Whatcom Homes LLC

$350,000

$170.23

1.3%

TOTAL

$19,561,518

$730,000

$255,000

$391,230

$192.52

70.0%

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

REAL ESTATS ≤

WHATCOM County Washington April 2016

%≈

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

Bar Chart of Monthly Residential Sales 2010

2011

2012

2013

2014

2015

2016

500

450

400

350

300

250

200

150

100

50 Jan

Feb

Mar

Apr

Vol XXVI • 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 2016

Average Monthly Price of Residential Recordings $350,000

$325,000

Oct ‘06 - $324,976

Apr ‘16 $316,617

$300,000

$275,000

$250,000

$225,000

Feb ‘12 - $224,129

$200,000

Vol XXVI • 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 2016

There are currently 859 residences for sale and since 375 sold in April, they represent 2.3 months of 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

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

REAL ESTATS ≤

WHATCOM County Washington April 2016

%≈

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

REO Sales as % of Existing Homes Sold 2010

2011

2012

2013

2014

2015

2016

Month

% of All Sold

Jan

15.9%

19.8%

17.5%

24.2%

10.9%

13.0%

5.0%

Feb

18.9%

19.1%

21.9%

15.7%

13.4%

13.1%

4.6%

Mar

13.3%

19.0%

12.8%

9.8%

18.4%

11.9%

2.1%

Apr

11.4%

21.3%

13.4%

10.1%

12.7%

8.2%

1.8%

May

11.0%

17.4%

12.3%

8.5%

7.7%

4.9%

Jun

8.7%

13.1%

6.2%

9.4%

7.8%

4.9%

Jul

10.2%

10.1%

7.5%

6.7%

7.0%

2.2%

Aug

11.5%

12.4%

5.7%

6.3%

4.0%

3.5%

Sep

12.7%

16.2%

8.9%

6.7%

10.1%

4.0%

Oct

16.3%

17.2%

12.9%

9.6%

5.8%

0.8%

Nov

15.9%

18.8%

6.7%

11.2%

6.9%

3.8%

Dec

21.3%

17.4%

6.5%

10.6%

10.0%

4.7%

Total

247

13.6%

295

16.4%

216

10.2%

235

9.8%

230

9.1%

175

5.7%

3.0%

Change

Avg $/SF

Change

$135.13

-7.1%

$127.23

-5.8%

$131.42

3.3%

$128.12

-2.5%

$133.45

4.2%

$126.20

-5.4%

$126.32

0.1%

Average $ $214,662

-5.6%

$196,850

-8.3%

$199,069

1.1%

$193,616

-2.7%

$201,329

4.0%

$204,587

1.6%

$199,538

-2.5%

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

REAL ESTATS ≤

WHATCOM County Washington April 2016

%≈

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

Four Years-to-date Compared County Records

Jan-Apr 2013

Ch '13 vs '12

Jan-Apr 2014

Ch '14 vs '13

Jan-Apr 2015

Ch '15 vs '14

Jan-Apr 2016

Ch '16 vs '15

Existing Residences

$167,538,115

11.8%

$180,389,970

7.7%

$260,283,755

44.3%

$274,821,285

5.6%

# In County

609

13.0%

637

4.6%

853

33.9%

808

-5.3%

Largest

$1,200,000

-38.5%

$2,250,000

87.5%

$1,800,000

-20.0%

$2,075,000

15.3%

Average

$275,104

-1.1%

$283,187

2.9%

$305,139

7.8%

$340,125

11.5%

Median

$249,063

3.9%

$244,125

-2.0%

$268,375

9.9%

$303,611

13.1%

Average $/SF

$169.85

0.5%

$180.60

6.3%

$183.56

1.6%

$186.70

1.7%

New Construction

$21,290,524

17.9%

$22,863,830

7.4%

$30,073,278

31.5%

$27,613,614

-8.2%

# In County

9.2%

0.0%

22.5%

-13.8%

Largest

$570,000

-1.7%

$915,000

60.5%

$705,000

-23.0%

$730,000

3.5%

Average

$299,867

8.0%

$322,026

7.4%

$345,670

7.3%

$368,182

6.5%

Median

$275,638

5.2%

$299,231

8.6%

$317,063

6.0%

$350,000

10.4%

% Of $ New

11.3%

4.9%

11.2%

-0.2%

10.4%

-7.9%

9.1%

-11.8%

% Of Units New

10.4%

-3.0%

10.0%

-4.0%

9.3%

-7.7%

8.5%

-8.2%

Condominiums

$27,869,878

60.2%

$23,963,258

-14.0%

$24,003,481

0.2%

$32,963,472

37.3%

# In County

137

61.2%

112

-18.2%

129

15.2%

170

31.8%

Average

$203,430

-0.6%

$213,958

5.2%

$186,073

-13.0%

$193,903

4.2%

Mobile Homes

$9,110,343

59.0%

$7,797,234

-14.4%

$8,215,304

5.4%

$12,165,495

48.1%

# in County

18.5%

-12.5%

17.9%

9.1%

Plexes

$9,001,300

4.7%

$8,212,430

-8.8%

$17,085,124

108.0%

$7,447,000

-56.4%

# Buildings

16.7%

-17.9%

78.3%

-46.3%

Units

-2.9%

-16.7%

67.3%

-39.1%

Average Unit

$136,383

7.8%

$149,317

9.5%

$185,708

24.4%

$132,982

-28.4%

Total Volume (Residential)

$234,810,160

17.6%

$243,226,722

3.6%

$339,660,942

39.6%

$355,010,866

4.5%

# In County

909

18.5%

899

-1.1%

1,176

30.8%

1,147

-2.5%

Average Res'l Unit (No Plexes)

$256,310

-0.3%

$268,281

4.7%

$284,208

5.9%

$308,946

8.7%

Land

$31,061,919

0.4%

$24,734,793

-20.4%

$29,512,693

19.3%

$31,134,275

5.5%

# In County

220

15.8%

190

-13.6%

257

35.3%

205

-20.2%

Largest

$5,880,000

58.9%

$3,100,000

-47.3%

$1,350,000

-56.5%

$3,493,925

158.8%

Average

$141,191

-13.3%

$130,183

-7.8%

$114,835

-11.8%

$151,875

32.3%

Commercial

$63,880,473

-28.6%

$60,802,584

-4.8%

$77,790,352

27.9%

$79,530,082

2.2%

# In County

16.2%

-2.3%

2.4%

-18.6%

Grand Total Volume

$329,752,552

3.0%

$328,764,099

-0.3%

$446,963,987

36.0%

$465,675,223

4.2%

Total # In County

1,215

17.8%

1,173

-3.5%

1,519

29.5%

1,422

-6.4%

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

REAL ESTATS ≤

WHATCOM County Washington April 2016

%≈

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

Current Month Compared County Records

Apr '13

Ch '13 vs. '12

Apr '14

Ch '14 vs. '13

Apr '15

Ch '15 vs. '14

Apr '16

Ch '16 vs. '15

Existing Residences

$56,661,307

31.2%

$53,600,399

-5.4%

$92,661,480

72.9%

$94,635,874

2.1%

# In County

188

32.4%

173

-8.0%

280

61.8%

272

-2.9%

Largest

$800,000

-31.2%

$1,310,000

63.8%

$1,800,000

37.4%

$1,290,000

-28.3%

Average

$301,390

-0.9%

$309,829

2.8%

$330,934

6.8%

$347,926

5.1%

Median

$275,000

3.2%

$258,000

-6.2%

$280,000

8.5%

$311,500

11.3%

Average $/SF

$174.92

-4.3%

$189.46

8.3%

$194.61

2.7%

$197.78

1.6%

New Construction

$5,412,018

1.9%

$5,323,540

-1.6%

$9,549,850

79.4%

$8,820,652

-7.6%

# In County

5.6%

-5.3%

50.0%

-14.8%

Largest

$382,000

-14.1%

$449,000

17.5%

$595,000

32.5%

$600,000

0.8%

Average

$284,843

-3.5%

$295,752

3.8%

$353,698

19.6%

$383,507

8.4%

Median

$279,950

0.2%

$278,075

-0.7%

$312,900

12.5%

$363,000

16.0%

% Of $ New

8.7%

-20.4%

9.0%

3.6%

9.3%

3.4%

8.5%

-8.7%

% Of Units New

9.2%

-18.4%

9.4%

2.7%

8.8%

-6.7%

7.8%

-11.3%

Condominiums

$6,159,082

-4.9%

$5,993,803

-2.7%

$8,323,262

38.9%

$10,374,495

24.6%

# In County

10.3%

-18.8%

57.7%

22.0%

Average

$192,471

-13.8%

$230,531

19.8%

$203,006

-11.9%

$207,490

2.2%

Mobile Homes

$2,348,023

91.8%

$3,179,635

35.4%

$2,670,450

-16.0%

$3,950,400

47.9%

# in County

8.3%

84.6%

-4.2%

17.4%

Plexes

$1,552,500

-55.1%

$2,151,500

38.6%

$6,419,937

198.4%

$989,000

-84.6%

# Buildings

-33.3%

0.0%

133.3%

-78.6%

Units

-53.8%

25.0%

100.0%

-70.0%

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

$129,375

-2.7%

$143,433

10.9%

$213,998

49.2%

$109,889

-48.6%

$72,132,930

20.9%

$70,248,877

-2.6%

$119,624,979

70.3%

$118,770,421

-0.7%

258

22.9%

247

-4.3%

385

55.9%

375

-2.6%

$280,081

0.2%

$282,562

0.9%

$305,135

8.0%

$316,617

3.8%

$6,834,107

-45.3%

$5,375,139

-21.3%

$7,532,395

40.1%

$7,416,906

-1.5%

# In County

-8.8%

-27.4%

77.8%

-21.3%

Largest

$665,000

-69.8%

$762,500

14.7%

$1,350,000

77.0%

$575,000

-57.4%

Average

$110,228

-40.0%

$119,448

8.4%

$94,155

-21.2%

$117,729

25.0%

Commercial

$12,277,200

-44.9%

$12,137,000

-1.1%

$23,103,678

90.4%

$7,121,500

-69.2%

# In County

29.4%

-36.4%

64.3%

-52.2%

Grand Total Volume

$91,244,237

-3.3%

$87,761,016

-3.8%

$150,261,052

71.2%

$133,308,827

-11.3%

Total # In County

342

15.9%

306

-10.5%

488

59.5%

449

-8.0%

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

REAL ESTATS ≤

WHATCOM County Washington April 2016

%≈

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

January Compared County Records

Jan '13

Ch '13 vs. '12

Jan '14

Ch '14 vs. '13

Jan '15

Ch '15 vs. '14

Jan '16

Ch '16 vs. '15

Existing Residences

$32,949,699

1.7%

$35,950,928

9.1%

$45,710,131

27.1%

$37,256,948

-18.5%

# In County

120

0.0%

129

7.5%

162

25.6%

121

-25.3%

Largest

$1,200,000

4.3%

$1,287,000

7.3%

$830,000

-35.5%

$940,000

13.3%

Average

$274,581

1.7%

$278,689

1.5%

$282,161

1.2%

$307,909

9.1%

Median

$245,750

7.9%

$235,000

-4.4%

$265,000

12.8%

$280,000

5.7%

Average $/SF

$168.62

3.7%

$182.14

8.0%

$176.25

-3.2%

$175.16

-0.6%

New Construction

$2,592,300

-10.2%

$4,171,118

60.9%

$6,698,400

60.6%

$4,429,583

-33.9%

# In County

-27.3%

75.0%

50.0%

-38.1%

Largest

$570,000

52.0%

$424,950

-25.4%

$580,000

36.5%

$540,100

-6.9%

Average

$324,038

23.4%

$297,937

-8.1%

$318,971

7.1%

$340,737

6.8%

Median

$257,750

-4.2%

$306,450

18.9%

$294,900

-3.8%

$330,000

11.9%

% Of $ New

7.3%

-10.9%

10.4%

42.5%

12.8%

22.9%

10.6%

-16.9%

% Of Units New

6.3%

-25.6%

9.8%

56.6%

11.5%

17.2%

9.7%

-15.5%

Condominiums

$4,522,401

58.7%

$5,942,881

31.4%

$3,705,366

-37.7%

$4,732,720

27.7%

# In County

57.1%

13.6%

-20.0%

45.0%

Average

$205,564

1.0%

$237,715

15.6%

$185,268

-22.1%

$163,197

-11.9%

Mobile Homes

$1,602,602

-15.7%

$1,585,930

-1.0%

$1,251,843

-21.1%

$1,835,795

46.6%

# in County

-26.7%

0.0%

-27.3%

62.5%

Plexes

$2,575,500

161.7%

$1,342,930

-47.9%

$3,491,337

160.0%

$2,426,750

-30.5%

# Buildings

100.0%

-50.0%

100.0%

-25.0%

Units

90.0%

-57.9%

137.5%

-15.8%

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

$135,553

37.8%

$167,866

23.8%

$183,755

9.5%

$151,672

-17.5%

$44,242,502

7.9%

$48,993,787

10.7%

$60,857,077

24.2%

$50,681,796

-16.7%

169

3.0%

183

8.3%

219

19.7%

182

-16.9%

$258,801

3.4%

$266,206

2.9%

$271,876

2.1%

$274,176

0.8%

$13,760,000

103.2%

$7,918,276

-42.5%

$7,394,732

-6.6%

$6,310,781

-14.7%

# In County

-11.6%

52.6%

-12.1%

-19.6%

Largest

$5,880,000

58.9%

$855,000

-85.5%

$700,000

-18.1%

$1,550,000

121.4%

Average

$362,105

129.9%

$136,522

-62.3%

$144,995

6.2%

$153,921

6.2%

Commercial

$26,187,821

-35.1%

$16,444,100

-37.2%

$20,926,914

27.3%

$15,230,461

-27.2%

# In County

46.7%

31.8%

-37.9%

5.6%

Grand Total Volume

$84,190,323

-4.5%

$73,356,163

-12.9%

$89,178,723

21.6%

$72,223,038

-19.0%

Total # In County

229

3.2%

270

17.9%

288

6.7%

242

-16.0%

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

REAL ESTATS ≤

WHATCOM County Washington April 2016

%≈

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

February Compared County Records

Feb '13

Ch '13 vs. '12

Feb '14

Ch '14 vs. '13

Feb '15

Ch '15 vs. '14

Feb '16

Ch '16 vs. '15

Existing Residences

$31,431,009

24.4%

$34,988,536

11.3%

$50,413,635

44.1%

$58,713,825

16.5%

# In County

127

21.0%

134

5.5%

175

30.6%

173

-1.1%

Largest

$793,000

32.6%

$837,500

5.6%

$1,425,000

70.1%

$1,250,000

-12.3%

Average

$247,488

2.8%

$261,108

5.5%

$288,078

10.3%

$339,386

17.8%

Median

$230,000

4.5%

$235,000

2.2%

$258,500

10.0%

$305,000

18.0%

Average $/SF

$163.77

7.7%

$171.53

4.7%

$175.72

2.4%

$180.83

2.9%

New Construction

$4,982,482

121.9%

$4,208,372

-15.5%

$4,307,817

2.4%

$4,723,796

9.7%

# In County

88.9%

-17.6%

-7.1%

0.0%

Largest

$485,000

36.6%

$450,000

-7.2%

$595,000

32.2%

$525,000

-11.8%

Average

$293,087

17.5%

$300,598

2.6%

$331,371

10.2%

$363,369

9.7%

Median

$269,900

17.4%

$297,500

10.2%

$330,000

10.9%

$354,900

7.5%

% Of $ New

13.7%

67.6%

10.7%

-21.5%

7.9%

-26.7%

7.4%

-5.4%

% Of Units New

11.8%

49.5%

9.5%

-19.9%

6.9%

-26.9%

7.0%

1.1%

Condominiums

$6,056,555

29.7%

$5,767,734

-4.8%

$4,513,194

-21.8%

$5,779,850

28.1%

# In County

31.8%

-17.2%

8.3%

26.9%

Average

$208,847

-1.6%

$240,322

15.1%

$173,584

-27.8%

$175,147

0.9%

Mobile Homes

$2,252,449

56.9%

$2,054,000

-8.8%

$1,894,460

-7.8%

$2,267,200

19.7%

# in County

35.7%

-36.8%

33.3%

-31.3%

Plexes

$1,982,000

51.4%

$2,991,300

50.9%

$3,850,000

28.7%

$2,193,300

-43.0%

# Buildings

0.0%

40.0%

0.0%

-14.3%

Units

50.0%

20.0%

-5.6%

-23.5%

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

$132,133

0.9%

$166,183

25.8%

$226,471

36.3%

$168,715

-25.5%

$46,704,495

33.7%

$50,009,942

7.1%

$64,979,106

29.9%

$73,677,971

13.4%

197

27.1%

191

-3.0%

237

24.1%

236

-0.4%

$232,930

3.9%

$255,536

9.7%

$265,779

4.0%

$310,803

16.9%

$4,572,781

-37.5%

$7,098,421

55.2%

$7,859,392

10.7%

$6,118,025

-22.2%

# In County

51.5%

-10.0%

4.4%

-25.5%

Largest

$385,000

-84.7%

$3,100,000

705.2%

$872,111

-71.9%

$767,000

-12.1%

Average

$91,456

-58.7%

$157,743

72.5%

$167,221

6.0%

$174,801

4.5%

Commercial

$12,763,923

107.2%

$11,912,154

-6.7%

$11,093,630

-6.9%

$15,711,193

41.6%

# In County

22.2%

-36.4%

14.3%

0.0%

Grand Total Volume

$64,041,199

32.3%

$69,020,517

7.8%

$83,932,128

21.6%

$95,507,189

13.8%

Total # In County

269

30.6%

250

-7.1%

300

20.0%

287

-4.3%

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

REAL ESTATS ≤

WHATCOM County Washington April 2016

%≈

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

March Compared County Records

Mar '13

Ch '13 vs. '12

Mar '14

Ch '14 vs. '13

Mar '15

Ch '15 vs. '14

Mar '16

Ch '16 vs. '15

Existing Residences

$46,496,100

-5.2%

$55,850,107

20.1%

$71,498,509

28.0%

$84,214,638

17.8%

# In County

174

1.2%

201

15.5%

236

17.4%

242

2.5%

Largest

$725,000

-62.8%

$2,250,000

210.3%

$1,100,000

-51.1%

$2,075,000

88.6%

Average

$267,219

-6.3%

$277,861

4.0%

$302,960

9.0%

$347,994

14.9%

Median

$245,500

0.4%

$248,500

1.2%

$270,000

8.7%

$304,000

12.6%

Average $/SF

$172.09

-3.6%

$179.27

4.2%

$187.65

4.7%

$184.22

-1.8%

New Construction

$8,303,724

9.1%

$9,160,800

10.3%

$9,517,211

3.9%

$9,639,583

1.3%

# In County

0.0%

-7.4%

4.0%

0.0%

Largest

$506,500

-12.7%

$915,000

80.7%

$705,000

-23.0%

$730,000

3.5%

Average

$307,545

9.1%

$366,432

19.1%

$366,047

-0.1%

$370,753

1.3%

Median

$294,950

9.3%

$314,900

6.8%

$330,450

4.9%

$337,125

2.0%

% Of $ New

15.2%

12.8%

14.1%

-7.0%

11.7%

-16.6%

10.3%

-12.6%

% Of Units New

13.4%

-1.0%

11.1%

-17.6%

9.9%

-10.3%

9.7%

-2.2%

Condominiums

$11,131,840

227.4%

$6,258,840

-43.8%

$7,461,659

19.2%

$12,076,407

61.8%

# In County

170.0%

-31.5%

13.5%

38.1%

Average

$206,145

21.3%

$169,158

-17.9%

$177,659

5.0%

$208,214

17.2%

Mobile Homes

$2,907,269

148.3%

$977,669

-66.4%

$2,398,551

145.3%

$4,112,100

71.4%

# in County

61.5%

-57.1%

111.1%

10.5%

Plexes

$2,891,300

1.4%

$1,726,700

-40.3%

$3,323,850

92.5%

$1,837,950

-44.7%

# Buildings

50.0%

-33.3%

100.0%

-41.7%

Units

-9.1%

-30.0%

85.7%

-30.8%

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

$144,565

11.6%

$123,336

-14.7%

$127,840

3.7%

$102,108

-20.1%

$71,730,233

12.0%

$73,974,116

3.1%

$94,199,780

27.3%

$111,880,678

18.8%

285

19.7%

278

-2.5%

335

20.5%

354

5.7%

$249,416

-5.5%

$265,616

6.5%

$281,350

5.9%

$317,126

12.7%

$5,895,031

35.0%

$4,342,957

-26.3%

$6,726,174

54.9%

$11,288,563

67.8%

# In County

52.2%

-40.0%

88.1%

-16.5%

Largest

$355,000

-22.0%

$725,000

104.2%

$565,000

-22.1%

$3,493,925

518.4%

Average

$84,215

-11.3%

$103,404

22.8%

$85,141

-17.7%

$171,039

100.9%

Commercial

$12,651,529

-38.8%

$20,309,330

60.5%

$22,666,130

11.6%

$41,466,928

82.9%

# In County

-16.7%

35.0%

7.4%

-17.2%

Grand Total Volume

$90,276,793

1.3%

$98,626,403

9.2%

$123,592,084

25.3%

$164,636,169

33.2%

Total # In County

375

21.8%

347

-7.5%

443

27.7%

444

0.2%

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

REAL ESTATS ≤

WHATCOM County Washington April 2016

%≈

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

Existing Home Sales by Price Ranges 2013 Range of Prices

2014

2015

Total #

Per Mo

$/SF

Total #

Per Mo

Ch in # Sld

$/SF

Ch in $/SF

Total #

Per Ch in Mo # Sld

$/SF

Ch in $/SF

- $175,000

401

33.4

$123.15

412

34.3

$132.08

7.2%

335

27.9 -19%

$130.57

-1.1%

$175,001 - $200,000

193

16.1

$151.51

195

16.3

$163.54

7.9%

222

18.5

14%

$158.33

-3.2%

$200,001 - $225,000

243

20.3

$170.57

238

19.8

-2%

$172.41

1.1%

215

17.9 -10%

$172.14

-0.2%

$225,001 - $250,000

285

23.8

$179.58

288

24.0

$175.48

-2.3%

333

27.8

16%

$179.51

2.3%

$250,001 - $275,000

222

18.5

$180.29

265

22.1

19%

$183.82

2.0%

322

26.8

22%

$180.27

-1.9%

$275,001 - $300,000

195

16.3

$180.08

207

17.3

$181.38

0.7%

314

26.2

52%

$184.20

1.6%

$300,001 - $350,000

271

22.6

$186.66

310

25.8

14%

$196.29

5.2%

431

35.9

39%

$190.80

-2.8%

$350,001 - $400,000

169

14.1

$196.91

186

15.5

10%

$207.89

5.6%

275

22.9

48%

$196.93

-5.3%

$400,001 - $450,000

139

11.6

$219.10

120

10.0

-14%

$224.73

2.6%

188

15.7

57%

$205.15

-8.7%

$450,001 - $500,000

6.9

$224.75

7.0

$236.27

5.1%

129

10.8

54%

$213.31

-9.7%

$500,001 - $600,000

7.3

$257.07

111

9.3

28%

$257.65

0.2%

116

9.7

$227.85

-11.6%

$600,001 - $700,000

4.5

$283.45

4.5

$303.40

7.0%

4.8

$246.42

-18.8%

$700,001 - $800,000

2.4

$329.99

1.9

-21%

$320.55

-2.9%

2.9

52%

$257.19

-19.8%

$800,001 - $900,000

0.8

$329.45

0.9

22%

$335.13

1.7%

2.4

164%

$326.80

-2.5%

$900,001 - $1,000,000

0.2

$469.80

1.2

600% $370.69 -21.1%

0.7

-43%

$397.47

7.2%

1.1

$420.15

1.8

69%

$419.26

-0.2%

3.1

68%

$370.58

-11.6%

2,395

200

$182.03

2,540

212

$189.34

4.0%

3,047 254

20%

$187.11

-1.2%

$173.60

3.5%

$174.37

0.4%

$1,000,001 -

Sky

Overall Total Median

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

$167.74

REAL ESTATS ≤

WHATCOM County Washington April 2016

%≈

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

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

Inventory*

Total #

Per Mo

Ch in # Sld

$/SF

Ch in $/SF

# Months

- $175,000

18.0

-36%

$117.79

-9.8%

1.1

$175,001 - $200,000

9.5

-49%

$153.54

-3.0%

2.2

$200,001 - $225,000

14.3

-20%

$178.33

3.6%

1.3

$225,001 - $250,000

20.8

-25%

$179.45

0.0%

1.7

$250,001 - $275,000

18.5

-31%

$178.18

-1.2%

1.5

$275,001 - $300,000

18.8

-28%

$181.01

-1.7%

1.5

$300,001 - $350,000

124

31.0

-14%

$188.30

-1.3%

2.3

$350,001 - $400,000

19.5

-15%

$186.70

-5.2%

2.7

$400,001 - $450,000

18.0

15%

$192.67

-6.1%

2.7

$450,001 - $500,000

9.3

-14%

$200.51

-6.0%

4.8

$500,001 - $600,000

11.5

19%

$217.37

-4.6%

5.5

$600,001 - $700,000

5.5

14%

$225.40

-8.5%

8.0

$700,001 - $800,000

3.0

$242.72

-5.6%

8.7

$800,001 - $900,000

1.8

-28%

$501.79

53.5%

11.4

$900,001 - $1,000,000

1.3

88%

$405.33

2.0%

12.0

1.5

-51%

$351.40

-5.2%

47.3

202.0 -20%

$186.70

-0.2%

608

3.0

$177.73

1.9%

*Date

5/24/16

$1,000,001 -

Sky

Overall Total Median

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

808

REAL ESTATS ≤

WHATCOM County Washington April 2016

%≈

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

Existing Single Family Sales by Zip Code 2015

2016

ZIP

Total #

Per Mo

Ch in #/Mo

Total #

Per Mo

Ch in #/Mo

Avg$

Ch in Avg $

$/SF

Ch Avg $/SF

98220

0.3

0.0%

$340,667

97.3% $225.19 105.6%

0.0

-100.0%

98225

429

35.8

0.0%

$350,513

8.4%

$234.13

2.3%

123

30.8

-14.0%

$373,380

6.5%

$231.82

-1.0%

98226

546

45.5

23.0%

$356,427

1.7%

$196.67

-2.4%

146

36.5

-19.8%

$392,941

10.2% $198.95

1.2%

98229

593

49.4

19.3%

$354,052

8.9%

$189.20

-3.5%

160

40.0

-19.1%

$367,740

3.9%

$185.25

-2.1%

98230

322

26.8

22.0%

$313,968

9.6%

$173.98

5.9%

20.8

-22.7%

$311,607

-0.8%

$179.99

3.5%

98240

2.8

17.9%

$320,558

12.1% $158.65 -12.7%

3.5

27.3%

$391,529

22.1% $181.12 14.2%

98244

4.3

-1.9%

$242,138

12.0% $164.74

-5.7%

6.5

50.0%

$255,408

5.5%

$160.56

-2.5%

98247

7.7

41.5%

$300,620

14.0% $169.93

4.2%

5.8

-25.0%

$291,417

-3.1%

$158.88

-6.5%

98248

385

32.1

40.5%

$287,988

3.7%

$173.73

3.1%

23.8

-26.0%

$322,547

12.0% $179.41

3.3%

98262

1.9

-8.0%

$388,663

8.5%

$256.15 -15.4%

1.5

-21.7%

$412,250

6.1%

$203.68 -20.5%

98264

354

29.5

38.8%

$311,323

10.6% $167.57

5.1%

18.8

-36.4%

$312,874

0.5%

$162.94

-2.8%

98266

5.0

87.5%

$167,557

48.3% $115.02 22.5%

3.8

-25.0%

$115,371

-31.1%

$95.75

-16.8%

98276

1.9

53.3%

$232,933

8.2%

2.0

4.3%

$254,563

9.3%

98281

4.4

-19.7%

$256,327

-11.3% $186.23 -15.6%

2.0

-54.7%

$181,899

-29.0% $166.34 -10.7%

98284

4.4

0.0%

$235,940

19.7% $161.49

9.7%

3.3

-26.4%

$192,037

-18.6% $137.48 -14.9%

98295

2.2

-29.7%

$219,869

8.5%

-7.6%

3.3

50.0%

$284,615

29.4% $151.01 11.2%

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

Ch in Avg $

$/SF

$130.99

$135.83

Ch Avg $/SF

0.0%

$168.37 28.5%

REAL ESTATS ≤

WHATCOM County Washington April 2016

%≈

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

Existing Home Sales by Year Built 2014 Year Built

Average $/SF

Ch in $/SF

Before 1960

$210.33

3.5%

1,330

1960's

$198.70 -8.2%

1970's

$175.57

1980's

2015 # Sold

Average $/SF

Ch in $/SF

Average $/SF

Ch in $/SF

$273,913

668

$211.56

0.6%

1,470

$297,754

785

$226.09

6.9%

1,504

$315,276

178

1,423

$270,636

158

$191.31 -3.7%

1,633

$290,900

142

$186.75

-2.4%

1,766

$330,642

4.4%

1,462

$252,869

398

$173.36 -1.3%

1,614

$274,556

482

$170.24

-1.8%

1,674

$279,982

127

$192.53

3.6%

1,701

$318,046

179

$189.32 -1.7%

1,804

$332,303

209

$167.12 -11.7%

1,807

$301,563

1990's

$180.40

5.4%

1,802

$319,646

490

$179.22 -0.7%

1,962

$350,087

559

$183.97

2.7%

2,125

$386,175

160

2000

$191.60

7.9%

1,906

$344,988

$184.77 -3.6%

1,795

$311,432

$175.38

-5.1%

2,172

$372,743

2001

$199.51

7.1%

1,883

$383,975

$192.74 -3.4%

1,897

$375,662

$176.13

-8.6%

2,163

$366,664

2002

$180.91

5.3%

1,687

$291,404

$194.60

7.6%

2,028

$392,881

$198.58

2.0%

2,582

$529,785

2003

$180.72

1.5%

2,039

$372,380

$175.92 -2.7%

2,018

$348,955

$167.19

-5.0%

1,984

$335,104

2004

$180.82 10.9%

1,952

$358,282

$172.04 -4.9%

2,031

$350,831

$168.50

-2.1%

2,277

$366,988

2005

$179.81 10.7%

1,924

$339,762

$170.01 -5.4%

2,094

$351,434

129

$164.22

-3.4%

1,957

$319,122

2006

$164.29

2,065

$338,798

$161.55 -1.7%

2,269

$357,215

$145.14 -10.2%

2,460

$335,491

2007

$183.86 11.6%

2,159

$382,195

$172.22 -6.3%

2,210

$380,391

$191.48 11.2%

2,228

$436,321

2008

$157.66 -12.0%

2,187

$334,661

$175.87 11.5%

2,130

$365,669

$183.23

4.2%

2,200

$395,833

2009

$168.61

8.6%

2,151

$362,909

$189.30 12.3%

2,126

$421,957

$175.90

-7.1%

1,857

$333,111

2010

$175.14

0.0%

1,981

$344,355

$171.12 -2.3%

1,942

$321,324

$186.03

8.7%

1,794

$329,843

2011

$192.14 24.5%

2,268

$479,056

$173.11 -9.9%

1,889

$322,596

$178.69

3.2%

2,146

$396,944

2012

$180.17

1,941

$353,309

$182.67

1.4%

1,855

$341,948

$174.51

-4.5%

2,449

$425,811

$175.75

2,086

$364,200

$180.83

2.9%

1,961

$340,722

$204.34

1,952

$370,978

2013

New Construction

2014

New Construction

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

Average Average Size $

# Sold

2.3%

Average Average Size $

2016

New Construction

Average Average $ Size

REAL ESTATS ≤

WHATCOM County Washington April 2016

%≈

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

New Single Family Sales by Price Ranges 2013 Range of Prices

Total Per # Month

2014 $/SF

Total Per # Mo

Ch in # Sld

2015 $/SF

Ch in $/SF

Total #

Per Mo

Ch in # Sld

$/SF

Ch in $/SF

- $200,000

0.5

$130.46

0.5

$129.78 -0.5%

0.3

-50%

$150.70

16.1%

$200,001

- $225,000

0.9

$156.45

0.8

-18%

$151.79 -3.0%

0.8

$145.57

-4.1%

$225,001

- $250,000

3.6

$156.15

2.8

-23%

$152.94 -2.1%

1.8

-36%

$159.91

4.6%

$250,001

- $275,000

3.1

$161.78

2.8

-8%

$158.20 -2.2%

2.4

-15%

$164.26

3.8%

$275,001

- $300,000

2.8

$152.61

3.0

$168.02 10.1%

3.2

$165.55

-1.5%

$300,001

- $350,000

5.1

$154.07

5.7

11%

$160.18

4.0%

5.2

-9%

$181.64

13.4%

$350,001

- $400,000

3.0

$169.16

3.4

14%

$162.70 -3.8%

5.0

46%

$174.30

7.1%

$400,001

- $450,000

1.2

$186.96

1.8

50%

$188.06

0.6%

1.4

-19%

$179.40

-4.6%

$450,001

- $500,000

0.8

$194.33

1.3

67%

$195.61

0.7%

2.0

60%

$207.51

6.1%

$500,001

- $600,000

0.4

$174.68

0.8

80%

$190.08

8.8%

1.8

144%

$216.39

13.8%

$600,001

- $700,000

0.1

$164.69

0.2

100%

$196.77 19.5%

0.3

100%

$228.05

15.9%

$700,001

- $800,000

0.0

0.2

$260.36

0.2

$255.91

-1.7%

$800,001

- $900,000

0.1

$252.64

0.0

-100%

0.0

$900,001

- $1,000,000

0.0

0.1

$305.00

0.0 -100%

0.0

0.1

$265.04

0.0 -100%

258

21.5

$166.40

3.4%

291

$179.07

7.6%

$161.17

0.9%

$173.13

7.4%

$1,000,001 -

Sky

Overall Total Median

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

$161.00 278 $159.74

REAL ESTATS ≤

WHATCOM County Washington April 2016

%≈

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

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

Inventory*

Total #

Per Mo

Ch in # Sld

$/SF

Ch in $/SF

# Months

- $200,000

0.0

-100%

$200,001

- $225,000

0.0

-100%

$225,001

- $250,000

0.8

-57%

$161.46

1.0%

9.3

$250,001

- $275,000

1.3

-48%

$178.57

8.7%

0.8

$275,001

- $300,000

2.0

-37%

$197.75

19.4%

4.0

$300,001

- $350,000

5.8

11%

$180.11

-0.8%

1.7

$350,001

- $400,000

3.8

-25%

$193.01

10.7%

2.9

$400,001

- $450,000

2.5

76%

$193.93

8.1%

3.2

$450,001

- $500,000

1.0

-50%

$222.14

7.1%

5.0

$500,001

- $600,000

1.3

-32%

$217.85

0.7%

5.6

$600,001

- $700,000

0.3

-25%

$277.41

21.6%

20.0

$700,001

- $800,000

0.3

50%

$259.88

1.6%

4.0

$800,001

- $900,000

0.0

$900,001

- $1,000,000

0.0

18.8

-23%

$192.68

7.6%

3.9

$193.02

11.5%

*Date

5/24/16

$1,000,001 -

Sky

Overall Total Median

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

REAL ESTATS ≤

WHATCOM County Washington April 2016

%≈

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

New Single Family Sales by Zip Code 2015

2016

ZIP

Total #

Per Mo

Ch in #/Mo

Avg$

Ch in Avg $

Total #

Per Mo

Ch in #/Mo

Avg$

Ch in Avg $

$/SF

Ch Avg $/SF

98225

0.9

10.0%

$432,073

0.7%

$210.97 -17.4%

1.3

36.4%

$428,664

-0.8%

$211.07

0.0%

98226

4.9

-9.2%

$363,288

3.5%

$188.59

5.1%

3.5

-28.8%

$362,347

-0.3%

$203.77

8.1%

98229

3.6

26.5%

$445,256

8.7%

$214.71

9.8%

2.5

-30.2%

$427,707

-3.9%

$234.85

9.4%

98230

3.7

37.5%

$335,141

4.5%

$158.14

4.2%

2.3

-38.6%

$361,394

7.8%

$179.03 13.2%

98240

0.2

-50.0%

$416,000

-3.1%

$197.45 20.6%

0.0

-100.0%

98247

0.5

100.0%

$345,067

27.7% $157.93

1.2%

1.3

150.0%

$336,000

-2.6%

98248

6.1

-9.9%

$325,450

6.8%

$172.77 18.3%

5.5

-9.6%

$360,627

10.8% $190.91 10.5%

98264

2.9

6.1%

$361,166

7.2%

$169.42

9.5%

1.3

-57.1%

$368,069

1.9%

$155.26

-8.4%

98266

0.2

-33.3%

$207,778

22.9% $136.25 36.3%

0.0

-100.0%

98276

0.8

28.6%

$279,400

13.7% $136.86

0.1%

0.8

0.0%

$304,561

9.0%

$141.26

3.2%

98284

0.1

$302,900

0.0

-100.0%

98295

0.5

50.0%

$247,450

-8.8%

0.5

0.0%

$250,000

1.0%

$139.39

8.3%

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

$/SF

$310.99

20.5% $128.68

Ch Avg $/SF

$180.88 14.5%

REAL ESTATS ≤

WHATCOM County Washington April 2016

%≈

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

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

2014

2015

Total #

Per Mo

$/SF

Total #

Per Mo

Ch in # Sld

$/SF

Ch in $/SF

Total #

Per Mo

Ch in # Sld

$/SF

Ch in $/SF

- $175,000

224

18.7

$132.73

221

18.4

-1%

$139.48

5.1%

260

21.7

18%

$146.97

5.4%

$175,001

- $200,000

4.0

$160.63

4.0

$170.63

6.2%

5.6

40%

$172.30

1.0%

$200,001

- $225,000

3.0

$186.83

3.0

$173.17

-7.3%

3.8

25%

$185.78

7.3%

$225,001

- $250,000

2.7

$197.05

1.9

-28%

$191.17

-3.0%

3.3

74%

$199.58

4.4%

$250,001

- $275,000

1.3

$188.19

1.5

20%

$191.33

1.7%

2.2

44%

$203.92

6.6%

$275,001

- $300,000

1.1

$195.01

1.7

54%

$229.87 17.9%

1.1

-35%

$224.55

-2.3%

$300,001

- $350,000

1.5

$206.64

1.2

-22%

$236.05 14.2%

2.3

100% $219.05

-7.2%

$350,001

- $400,000

1.3

$298.91

1.1

-19%

$253.22 -15.3%

2.2

100% $310.95 22.8%

$400,001

- $450,000

0.8

$291.16

0.9

22%

$269.60

-7.4%

0.4

-55%

$254.37

$450,001

- $500,000

0.3

$289.55

0.4

25%

$278.81

-3.7%

0.5

20%

$356.64 27.9%

$500,001

- $600,000

0.4

$338.55

0.4

$265.12 -21.7%

0.5

20%

$308.87 16.5%

$600,001

- $700,000

0.3

$352.54

0.3

$348.40

-1.2%

0.4

67%

$385.74 10.7%

$700,001

- $800,000

0.1

$401.71

0.2

100% $419.85

4.5%

0.2

$421.50

0.4%

$800,001

- $900,000

0.1

$413.71

0.0

-100%

0.1

$473.62

$900,001

- $1,000,000

0.1

$426.66

0.0

-100%

0.0

0.1

$565.04

0.3

200% $518.71

-8.2%

0.1

-67%

$786.38 51.6%

427

35.6

$170.18

422

35.2

$173.96

2.2%

531

44.3

26%

$184.25

5.9%

$155.99

6.5%

$163.86

5.0%

$1,000,001 -

Sky

Overall Total Median Median Price

-1%

$146.43 $173,750

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

$167,900

-3.4%

$179,000

-5.6%

6.6%

REAL ESTATS ≤

WHATCOM County Washington April 2016

%≈

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

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

Inventory*

Total #

Per Mo

Ch in # Sld

$/SF

Ch in $/SF

# Months

$175,000

22.3

$146.21

-0.5%

2.6

$175,001

$200,000

3.8

-33%

$174.93

1.5%

4.5

$200,001

$225,000

4.5

20%

$178.11

-4.1%

3.1

$225,001

$250,000

2.5

-25%

$187.72

-5.9%

2.4

$250,001

$275,000

2.8

27%

$220.83

8.3%

3.3

$275,001

$300,000

1.5

38%

$236.60

5.4%

3.3

$300,001

$350,000

2.3

-4%

$219.85

0.4%

3.6

$350,001

$400,000

1.5

-31%

$242.52

-22.0%

2.0

$400,001

$450,000

0.3

-40%

$507.52

99.5%

28.0

$450,001

$500,000

0.5

$356.99

0.1%

6.0

$500,001

$600,000

0.3

-50%

$256.07

-17.1%

8.0

$600,001

$700,000

0.0

-100%

$700,001

$800,000

0.3

50%

$412.09

-2.2%

4.0

$800,001

$900,000

0.0

-100%

$900,001

$1,000,000

0.0

$1,000,001

Sky

0.0

-100%

169

42.3

-5%

$176.88

-4.0%

137

3.2

$160.18

-2.2%

Overall Total Median Median Price

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

$167,000

*Date 5/24/16

-6.7%

REAL ESTATS ≤

WHATCOM County Washington April 2016

%≈

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

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

2014

Total #

Per Mo

$/SF

Total #

Per Mo

Ch in # Sld

2015 Total #

Per Mo

Ch in # Sld

$/SF

Ch in $/SF

0.0

-100%

0.0

$145.86 -62.2%

0.0

-100%

100% $267.68 -37.5%

0.2

$/SF

Ch in $/SF

- $175,000

0.8

$330.77

0.3

-67%

$175,001

- $200,000

0.3

$243.04

0.0

-100%

$200,001

- $225,000

0.1

$386.12

0.1

$225,001

- $250,000

0.1

$428.59

0.2

$250,001

- $275,000

0.1

$196.56

0.1

$208.83

6.2%

0.3

200% $183.43 -12.2%

$275,001

- $300,000

0.0

0.1

$298.94

0.0

-100%

$300,001

- $350,000

0.0

0.2

$284.86

0.3

50%

$350,001

- $400,000

0.1

$120.25

0.3

0.0

-100%

$400,001

- $450,000

0.0

$450,001

- $500,000

0.1

$109.33

0.1

$500,001

- $600,000

0.0

$600,001

- $700,000

0.0

$700,001

- $800,000

0.1

$338.35

0.1

0.0

-100%

$800,001

- $900,000

0.0

$900,001

- $1,000,000

0.0

0.3

$518.71

0.0

-100%

1.5

$293.62

1.5

$319.19

8.7%

0.8

-50%

$1,000,001 -

Sky

Overall Total Median Median Price

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

200% $277.21 130.5%

$352.16 $176,250

$271.31 -18.0%

$318.71 191.5%

$466.29 37.8%

$291.09 -17.3% $319,250

81.1%

$161.06 -39.8%

$155.36 -45.5%

$201.85 -36.7%

$171.15 -46.4% $183.26 -37.0%

$270,000

-15.4%

REAL ESTATS ≤

WHATCOM County Washington April 2016

%≈

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

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

Inventory*

Total #

Per Mo

Ch in # Sld

$/SF

Ch in $/SF

# Months

$175,000

0.0

$175,001

$200,000

0.0

$200,001

$225,000

0.0

$225,001

$250,000

0.0

-100%

$250,001

$275,000

0.0

-100%

$275,001

$300,000

0.0

$300,001

$350,000

0.3

$180.38

16.1%

12.0

$350,001

$400,000

0.0

$400,001

$450,000

0.0

$450,001

$500,000

0.0

-100%

$500,001

$600,000

0.0

$600,001

$700,000

0.0

$700,001

$800,000

0.0

$800,001

$900,000

0.0

$900,001

$1,000,000

0.0

$1,000,001

Sky

0.0

0.3

-67%

$180.38

5.4%

48.0

$180.38

-1.6%

Overall Total Median Median Price

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

$320,000

*Date 5/24/16

18.5%

REAL ESTATS ≤

WHATCOM County Washington April 2016

%≈

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

All Condo/Attached Unit Sales by Zip Code 2015

2016

ZIP

Total #

Per Mo

Ch in #/Mo

Avg$

Ch in Avg $

$/SF

Ch Avg $/SF

Total #

Per Mo

Ch in #/Mo

Avg$

Ch in Avg $

$/SF

Ch Avg $/SF

98225

159

13.3

13.6%

$243,307

-5.1%

$227.50

4.4%

10.3

-22.6%

$231,476

-4.9%

$225.39

-0.9%

98226

143

11.9

3.6%

$188,899

-0.1%

$167.20

1.8%

13.0

9.1%

$210,761

11.6%

$174.96

4.6%

98229

6.0

38.5%

$177,778

18.6%

$156.14

5.0%

7.0

16.7%

$161,211

-9.3%

$147.59

-5.5%

98230

6.3

66.7%

$229,067

-15.8%

$213.08

7.9%

5.8

-8.0%

$152,979

-33.2%

$168.01

-21.2%

98244

1.2

7.7%

$31,243

8.5%

$44.41

-4.5%

1.3

7.1%

$82,090

162.7%

$98.76

122.4%

98247

0.3

300.0%

$277,275

22.1%

$151.89

-9.1%

0.8

125.0%

$211,167

-23.8%

$147.42

-2.9%

98248

1.2

600.0%

$157,473

76.4%

$129.67

41.0%

1.0

-14.3%

$200,813

27.5%

$206.66

59.4%

98262

0.1

0.0%

$150,000

7.1%

$88.24

8.2%

0.0

-100.0%

98264

4.4

17.8%

$190,821

-8.8%

$136.13

-7.0%

2.3

-49.1%

$203,356

6.6%

$139.69

2.6%

98276

0.1

0.0%

$155,000

0.0%

$89.91

-25.5%

0.0

-100.0%

98281

0.1

0.0%

$250,000

85.2%

$237.87

85.2%

0.3

200.0%

$37,600

-85.0%

$47.00

-80.2%

98284

0.2

$259,580

$650.58

0.3

50.0%

$405,000

56.0%

$507.52

-22.0%

98295

0.1

0.0%

$146,000

21.7%

$95.93

22.8%

0.8

800.0%

$120,333

-17.6%

$94.43

-1.6%

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

REAL ESTATS ≤

WHATCOM County Washington April 2016

%≈

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

Subdivision Lot Sales 2013

Less than an acre Lot Price Range $1,000

$50,001

Lots

2014

Ch '13 Monthly vs '12

2015

Ch '14 Monthly vs '13

Lots

2016

Ch '15 Monthly vs '14

Lots

Ch '16 Monthly vs '15

$50,000

331

27.6

-13%

287

23.9

-13%

166

13.8

-42%

6.0

-57%

$75,000

152

12.7

-21%

131

10.9

-14%

5.9

-46%

9.5

61%

$75,001

- $100,000

6.6

58%

6.6

121

10.1

53%

9.5

-6%

$100,001

- $150,000

3.4

-16%

4.0

17%

5.3

33%

6.0

13%

$150,001

- $200,000

1.3

-6%

1.2

-7%

1.3

2.0

60%

$200,001

- $300,000

1.0

71%

0.8

-25%

0.5

-33%

1.8

250%

$300,001

sky

0.3

33%

0.4

25%

0.5

20%

0.8

50%

TOTAL

634

52.8

-9%

573

47.8

-10%

449

37.4

-22%

142

35.5

-5%

Average Price:

$58,854

11%

$60,040

$76,306

27%

$98,841

30%

% Avg Lot/Avg New Home

18.7%

17.9%

-5%

21.3%

19%

26.8%

26%

Median Price:

$50,000

$75,000

50%

$86,500

15%

% Median to Median

16.7%

-6%

16.0%

-4%

22.1%

38%

24.7%

12%

Subdivision Lot Sales by Size Year

2013

2014

Square Foot Ranges

# Sold

Average $

# Sold

% of Total

unknown

$78,092

Land Condo Recreational

163

$16,057

177

- 5,000

$46,214

5,001 - 7,500

7,501 - 10,000

2015

2016

% Ch $

# Sold

% of Total

Average $

% Ch $

# Sold

% of Total

Average $

% Ch $

$30,000

-62%

31%

$14,147

-12%

20%

$15,328

$17,293

13%

$55,276

20%

$62,163

12%

$80,858

30%

$73,743

13%

$70,622

-4%

14%

$82,939

17%

$84,102

123

$73,444

100

17%

$74,863

114

25%

$80,691

29%

$84,682

10,001 - 15,000

$85,848

10%

$82,040

-4%

15%

$111,158

35%

20%

$104,689

-6%

15,001 - 43,559

$96,789

114

20%

$102,530

18%

$111,510

22%

$154,643

39%

Total

634

$58,854

574

$60,040

449

$76,306

27%

142

$98,841

30%

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

Average $

REAL ESTATS ≤

WHATCOM County Washington April 2016

%≈

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

2013

2014

2015

Ch '13 Monthly vs '12

Ch '14 Monthly vs '13

Ch '15 Monthly vs '14

Lots

2016 Lots

Monthly

Ch '16 vs '15

$1,900

- $50,000

2.5

50%

2.7

1.2

-56%

0.3

-79%

$50,001

$75,000

2.3

-33%

2.3

1.0

-56%

2.5

150%

$75,001

- $100,000

8.3

209%

2.1

-75%

2.8

36%

3.0

$100,001

- $150,000

3.8

64%

3.8

4.2

3.3

-22%

$150,001

- $200,000

1.8

24%

1.8

2.5

36%

4.0

60%

$200,001

- $300,000

1.5

100%

0.8

-50%

1.7

122%

1.8

$300,001

sky

0.8

233%

0.3

-60%

0.9

175%

0.3

-73%

TOTAL

251

20.9

68%

165

13.8

-34%

171

14.3

15.0

Average Price:

$118,612

12%

$115,386

-2.7%

$154,446

33.9%

$142,461

-7.8%

Median Price:

$80,548

-11%

$100,000

24.1%

$126,756

26.8%

$130,000

2.6%

Average $/Acre

$43,379

16%

$45,461

4.8%

$55,526

22.1%

$49,737

-10.4%

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

REAL ESTATS ≤

WHATCOM County Washington April 2016

%≈

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

Four Years Compared 2004 - 2007 County Records

2004

Ch '04 vs '03

2005

Ch '05 vs '04

2006

Ch '06 vs '05

2007

Ch '07 vs '06

Existing Residences

$776,585,475

21.8%

$1,107,164,411

42.6%

$911,644,785

-17.7%

$846,054,785

-7.2%

# In County

3,288

0.3%

3,848

17.0%

2,969

-22.8%

2,535

-14.6%

Largest

$2,300,000

-8.0%

$2,525,000

9.8%

$3,043,000

20.5%

$3,071,545

0.9%

Average

$236,188

21.4%

$287,725

21.8%

$307,054

6.7%

$333,749

8.7%

Median

$205,000

24.2%

$250,000

22.0%

$268,500

7.4%

$285,000

6.1%

Average $/SF

$154.86

21.3%

$187.70

21.2%

$206.64

10.1%

$211.13

2.2%

New Construction

$194,935,503

36.5%

$258,179,383

32.4%

$192,379,432

-25.5%

$175,375,234

-8.8%

# In County

739

18.6%

831

12.4%

556

-33.1%

479

-13.8%

Largest

$782,000

-39.8%

$1,300,281

66.3%

$2,216,875

70.5%

$1,610,491

-27.4%

Average

$263,783

15.1%

$310,685

17.8%

$346,006

11.4%

$366,128

5.8%

Median

$239,900

20.0%

$277,900

15.8%

$310,000

11.6%

$329,879

6.4%

% Of $ New

20.1%

9.7%

18.9%

-5.8%

17.4%

-7.8%

17.2%

-1.5%

% Of Units New

18.4%

14.9%

17.8%

-3.2%

15.8%

-11.2%

15.9%

0.8%

Condominiums

$98,519,003

54.4%

$125,000,572

26.9%

$161,230,231

29.0%

$168,549,777

4.5%

# In County

593

20.8%

652

9.9%

711

9.0%

743

4.5%

Average

$166,137

27.9%

$191,719

15.4%

$226,765

18.3%

$226,850

0.0%

Mobile Homes

$33,404,031

12.1%

$59,568,742

78.3%

$50,762,683

-14.8%

$46,541,310

-8.3%

# in County

250

-12.6%

395

58.0%

278

-29.6%

278

0.0%

Plexes

$32,830,493

25.0%

$32,642,660

-0.6%

$35,175,592

7.8%

$36,275,761

3.1%

# Buildings

118

5.4%

-20.3%

1.1%

106

11.6%

Units

300

-4.5%

251

-16.3%

241

-4.0%

270

12.0%

Average Unit

$109,435

30.8%

$130,050

18.8%

$145,957

12.2%

$134,355

-7.9%

Total Volume (Residential)

$1,136,274,506

26.2%

$1,582,555,767

39.3%

$1,351,192,722

-14.6%

$1,272,796,867

-5.8%

# In County

4,988

4.1%

5,820

16.7%

4,609

-20.8%

4,141

-10.2%

Average Res'l Unit (No Plexes)

$226,580

21.3%

$270,680

19.5%

$291,541

7.7%

$306,449

5.1%

Land

$114,531,441

196.5%

$201,681,583

76.1%

$114,659,334

-43.1%

$121,759,878

6.2%

# In County

964

187.8%

1,104

14.5%

487

-55.9%

616

26.5%

Largest

$9,000,000

800.0%

$7,950,000

-11.7%

$3,762,500

-52.7%

$4,200,000

11.6%

Average

$118,809

3.0%

$182,683

53.8%

$235,440

28.9%

$197,662

-16.0%

Commercial

$167,453,084

23.1%

$282,044,123

68.4%

$299,496,347

6.2%

$255,482,131

-14.7%

# In County

236

28.3%

310

31.4%

249

-19.7%

238

-4.4%

Grand Total Volume

$1,418,259,030

31.9%

$2,066,281,473

45.7%

$1,765,348,403

-14.6%

$1,650,038,876

-6.5%

Total # In County

6,188

16.6%

7,234

16.9%

5,345

-26.1%

4,995

-6.5%

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

REAL ESTATS ≤

WHATCOM County Washington April 2016

%≈

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

Four Years Compared 2008 - 2011 County Records

2008

Ch '08 vs '07

2009

Ch '09 vs '08

2010

Ch '10 vs '09

2011

Ch '11 vs '10

Existing Residences

$617,979,243

-27.0%

$587,580,543

-4.9%

$539,488,701

-8.2%

$514,295,127

-4.7%

# In County

1,897

-25.2%

1,935

2.0%

1,820

-5.9%

1,800

-1.1%

Largest

$3,300,000

7.4%

$2,500,000

-24.2%

$1,846,400

-26.1%

$2,500,000

35.4%

Average

$325,767

-2.4%

$303,659

-6.8%

$296,422

-2.4%

$285,720

-3.6%

Median

$276,780

-2.9%

$260,000

-6.1%

$258,000

-0.8%

$248,000

-3.9%

Average $/SF

$215.49

2.1%

$175.28

-18.7%

$187.35

6.9%

$174.65

-6.8%

New Construction

$123,701,994

-29.5%

$75,421,415

-39.0%

$50,524,649

-33.0%

$46,734,041

-7.5%

# In County

361

-24.6%

245

-32.1%

181

-26.1%

170

-6.1%

Largest

$1,480,000

-8.1%

$892,600

-39.7%

$875,000

-2.0%

$515,000

-41.1%

Average

$342,665

-6.4%

$307,843

-10.2%

$279,142

-9.3%

$274,906

-1.5%

Median

$304,750

-7.6%

$267,800

-12.1%

$259,000

-3.3%

$262,000

1.2%

% Of $ New

16.7%

-2.9%

11.4%

-31.8%

8.6%

-24.7%

8.3%

-2.7%

% Of Units New

16.0%

0.6%

11.2%

-29.7%

9.0%

-19.5%

8.6%

-4.6%

Condominiums

$120,349,205

-28.6%

$77,539,724

-35.6%

$81,304,210

4.9%

$59,075,263

-27.3%

# In County

525

-29.3%

374

-28.8%

336

-10.2%

288

-14.3%

Average

$229,237

1.1%

$207,325

-9.6%

$241,977

16.7%

$205,122

-15.2%

Mobile Homes

$36,770,893

-21.0%

$32,032,455

-12.9%

$28,691,992

-10.4%

$23,937,011

-16.6%

# in County

223

-19.8%

217

-2.7%

217

0.0%

198

-8.8%

Plexes

$28,402,744

-21.7%

$23,473,415

-17.4%

$25,156,061

7.2%

$22,607,351

-10.1%

# Buildings

-25.5%

-20.3%

-1.6%

11.3%

Units

181

-33.0%

139

-23.2%

151

8.6%

166

9.9%

Average Unit

$156,921

16.8%

$168,873

7.6%

$166,596

-1.3%

$136,189

-18.3%

Total Volume (Residential)

$927,204,079

-27.2%

$796,047,552

-14.1%

$725,165,613

-8.9%

$666,648,793

-8.1%

# In County

3,085

-25.5%

2,834

-8.1%

2,616

-7.7%

2,525

-3.5%

Average Res'l Unit (No Plexes)

$299,002

-2.4%

$278,807

-6.8%

$274,084

-1.7%

$262,232

-4.3%

Land

$167,876,356

37.9%

$70,758,335

-57.9%

$61,340,402

-13.3%

$102,877,358

67.7%

# In County

517

-16.1%

428

-17.2%

510

19.2%

641

25.7%

Largest

$48,069,884

1044.5%

$4,000,000

-91.7%

$1,300,000

-67.5%

$20,550,626

1480.8%

Average

$324,712

64.3%

$165,323

-49.1%

$120,275

-27.2%

$160,495

33.4%

Commercial

$194,522,930

-23.9%

$114,038,389

-41.4%

$134,987,746

18.4%

$140,312,862

3.9%

# In County

228

-4.2%

175

-23.2%

162

-7.4%

175

8.0%

Grand Total Volume

$1,289,603,365

-21.8%

$980,844,276

-23.9%

$921,493,761

-6.1%

$909,839,013

-1.3%

Total # In County

3,830

-23.3%

3,437

-10.3%

3,288

-4.3%

3,341

1.6%

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

REAL ESTATS ≤

WHATCOM County Washington April 2016

%≈

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

Four Years Compared 2012 - 2015 County Records

2012

Ch '12 vs '11

2013

Ch '13 vs '12

2014

Ch '14 vs '13

2015

Ch '15 vs '14

Existing Residences

$611,296,175

18.9%

$706,598,404

15.6%

$769,282,842

8.9%

$985,118,552

28.1%

# In County

2,110

17.2%

2,395

13.5%

2,540

6.1%

3,047

20.0%

Largest

$1,950,000

-22.0%

$2,100,000

7.7%

$2,250,000

7.1%

$3,000,000

33.3%

Average

$289,714

1.4%

$295,031

1.8%

$302,867

2.7%

$323,308

6.7%

Median

$250,000

0.8%

$258,500

3.4%

$264,750

2.4%

$283,000

6.9%

Average $/SF

$177.01

1.4%

$182.03

2.8%

$189.34

4.0%

$187.11

-1.2%

New Construction

$64,084,494

37.1%

$81,004,098

26.4%

$93,323,419

15.2%

$104,097,795

11.5%

# In County

226

32.9%

258

14.2%

278

7.8%

291

4.7%

Largest

$580,000

12.6%

$836,000

44.1%

$1,040,000

24.4%

$789,500

-24.1%

Average

$283,560

3.1%

$313,969

10.7%

$335,696

6.9%

$357,724

6.6%

Median

$274,300

4.7%

$299,975

9.4%

$313,200

4.4%

$339,900

8.5%

% Of $ New

9.5%

13.9%

10.3%

8.4%

10.8%

5.2%

9.6%

-11.7%

% Of Units New

9.7%

12.1%

9.7%

0.5%

9.9%

1.4%

8.7%

-11.6%

Condominiums

$76,887,086

30.2%

$93,986,611

22.2%

$92,763,926

-1.3%

$110,763,184

19.4%

# In County

388

34.7%

445

14.7%

440

-1.1%

540

22.7%

Average

$198,163

-3.4%

$211,206

6.6%

$210,827

-0.2%

$205,117

-2.7%

Mobile Homes

$23,220,796

-3.0%

$32,472,604

39.8%

$33,405,722

2.9%

$38,350,906

14.8%

# in County

203

2.5%

248

22.2%

250

0.8%

260

4.0%

Plexes

$40,010,844

77.0%

$37,473,955

-6.3%

$38,610,751

3.0%

$37,936,514

-1.7%

# Buildings

109

58.0%

106

-2.8%

104

-1.9%

-4.8%

Units

266

60.2%

259

-2.6%

265

2.3%

240

-9.4%

Average Unit

$150,417

10.4%

$144,687

-3.8%

$145,701

0.7%

$158,069

8.5%

Total Volume (Residential)

$815,499,395

22.3%

$951,535,672

16.7%

$1,027,386,660

8.0%

$1,276,266,951

24.2%

# In County

3,036

20.2%

3,452

13.7%

3,612

4.6%

4,237

17.3%

Average Res'l Unit (No Plexes)

$264,943

1.0%

$273,180

3.1%

$281,863

3.2%

$299,258

6.2%

Land

$82,723,422

-19.6%

$88,690,078

7.2%

$76,498,856

-13.7%

$76,788,205

0.4%

# In County

647

0.9%

742

14.7%

703

-5.3%

630

-10.4%

Largest

$3,700,000

-82.0%

$5,880,000

58.9%

$3,100,000

-47.3%

$1,600,000

-48.4%

Average

$127,857

-20.3%

$119,528

-6.5%

$108,818

-9.0%

$121,886

12.0%

Commercial

$367,068,179

161.6%

$208,833,146

-43.1%

$452,602,455

116.7%

$282,640,836

-37.6%

# In County

242

38.3%

273

12.8%

273

0.0%

237

-13.2%

Grand Total Volume

$1,265,290,996

39.1%

$1,249,058,896

-1.3%

$1,556,487,971

24.6%

$1,635,695,992

5.1%

Total # In County

3,925

17.5%

4,467

13.8%

4,588

2.7%

5,104

11.2%

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