®
REAL ESTATS ≤
WHATCOM County Washington February 2016
%≈
Overviews of Residential Real Estate Activity in Select Counties of Oregon and Washington • Since 1991
Whatcom County Washington February 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 2 www.realestats.net • 360.798.4014
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®
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WHATCOM County Washington February 2016
%≈
Overviews of Residential Real Estate Activity in Select Counties of Oregon and Washington • Since 1991
HIGHLIGHTS February 2016
(vs. prior month)
Residential sales volume: up 45% Residential transactions: up 30% Existing home transactions: up 43% New home transactions: unchanged Attached units sold: up 14%
Year-to-date 2016
Residential sales volume: down 1% to $124 million Residential transactions: down 8% to 418 Plexes (2-5 units) sales: down 37% to $4.6 million Land sales: down 19% to $12 million
26 New Single Family Detached 294 Existing Homes 62 Condos and Townhomes
Commercial volume: down 3% to $31 million Average residence: $294,925, up 10%
Foreclosed Single Family Detached Sales
Sold in 2016
(vs. Year-to-date 2015)
(vs. 2015)
6.5 sold monthly, down 55% Average sale price: $181,376, down 11% Average $/SF: $114.89, down 9% and 37% less than non-foreclosed sales 35 properties are in some state of foreclosure, down 44% from a year ago 4.4% of existing home sales were foreclosed properties 21 properties in foreclosure represent 3% of the homes for sale
New Single Family Homes (vs. Year-to-date 2015)
Average sale price: $352,053, up 9% Median sale price: $335,450, up 7% The average $/SF: $180.52, up 1% New homes represent 9% of volume and 8% of units recorded 26 sold vs. 34 sold last year, down 23%; volume: down 17% to $9 million Best range: $300,001 - $350,000 with 4.5 sales per month Inventory represents a five plus month supply, the neutral zone
1 home with year built 2013 was classified as existing though marked by county as new Vol XXVI • No 2 LAM@realestats.net • 360.798.4014
©1991-2016 REAL ESTATS INC All Rights Reserved
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WHATCOM County Washington February 2016
%≈
Overviews of Residential Real Estate Activity in Select Counties of Oregon and Washington • Since 1991
HIGHLIGHTS
(continued)
Existing Homes (vs. Year-to-date 2015)
Units sold: down 13%; volume: unchanged at $96 million 294 units sold this year vs. 337 last year Average price: $326,431, up 14% Half the homes (median) sold for more than $293,250, up 12% Average $/SF for homes sold at $178.50 (all sales), up 1% Best range: $300,001 - $350,000 with 22 recorded monthly Inventory represents less than a four 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: $169,558, down 5%; Median $159,500, down 11% Existing median: $159,500, down 11%; New median: $320,000, up 19% 62 sold vs. 46, up 35% (2% new, 1 unit); volume: up 28% to $10.5 million Average $/SF, Existing: $166.42, down 10% from last year’s average Average $/SF, New: $180.38, up 5% Best range, existing: $35,000 - $175,000 with 20.5 monthly Existing inventory represents a three plus month supply, a sellers’ market Best range, new: $300,001 - $350,000, 0.5 monthly New inventory represents a twenty month supply, a buyers’ market
Subdivisions (vs. 2015)
The average lot sold for $107,383, up 41% Half the lots (median) sold for less than $91,000, up 21% 26.5 sold vs. 37.4 monthly last year, down 29% Best range: $50,001 - $75,000 with 8.5 recorded, up 44% The average lot represents 30.5% of the average new home; 27.1% median to median 10 acreage lots sold monthly vs. 14.3 monthly last year, down 30% The average acreage lot sold for $135,000, down 13%; average 4/acre: $42,533, down 23%
Comments The housing market will improve as the weather gets better and the buying season sets in. Because existing inventory is a sellers’ market, prices will increase and new construction sales will improve. Foreclosures, while still with us, are declining with higher prices helping to reduce these, too. Interest rates are also staying low as the recent Federal Reserve meeting declared which means that cheap money is available to qualified home buyers. The housing market will continue to improve as the year progresses.
Vol XXVI • No 2 www.realestats.net • 360.798.4014
©1991-2016 REAL ESTATS INC All Rights Reserved
®
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WHATCOM County Washington February 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
Average Price
Average $/SF
% Mkt $
Short Plat/Lot Line Adj
3
$1,120,000
$425,000
$280,000
$373,333
$184.65
11.1%
1
Liberty Park
3
$1,098,900
$375,000
$354,900
$366,300
$197.18
11.1%
2
Belmont
2
$751,350
$412,450
$338,900
$375,675
$250.80
7.4%
3
Pacific Highlands
2
$679,000
$349,000
$330,000
$339,500
$197.98
7.4%
4
Maple Ridge
2
$630,000
$320,000
$310,000
$315,000
$178.49
7.4%
5
Gill
2
$627,683
$314,000
$313,683
$313,842
$146.42
7.4%
6
North Shore Estates
1
$540,100
$540,100
$540,100
$540,100
$183.33
3.7%
7
Henley Heights Short
1
$525,000
$525,000
$525,000
$525,000
$226.00
3.7%
8
Maberry
1
$416,000
$416,000
$416,000
$416,000
$185.38
3.7%
9
Pioneer Meadows
1
$389,000
$389,000
$389,000
$389,000
$162.08
3.7%
10
Village @ King Mountain
1
$355,000
$355,000
$355,000
$355,000
$197.22
3.7%
High Price Low Price
11
Sudden Valley
1
$332,000
$332,000
$332,000
$332,000
$138.16
3.7%
12
Burlwood Estates
1
$321,446
$321,446
$321,446
$321,446
$149.23
3.7%
13
Raspberry Ridge View Condo
1
$320,000
$320,000
$320,000
$320,000
$180.38
3.7%
14
West Cedar Park
1
$282,000
$282,000
$282,000
$282,000
$193.02
3.7%
15
Rusnak Long
1
$280,000
$280,000
$280,000
$280,000
$140.21
3.7%
16
Bone Creek Meadows
1
$270,000
$270,000
$270,000
$270,000
$105.06
3.7%
17
North Prairie
1
$269,900
$269,900
$269,900
$269,900
$153.09
3.7%
18
Anderson Park
1
$266,000
$266,000
$266,000
$266,000
$167.82
3.7%
TOTAL
27
$8,353,379
$540,100
$266,000
$309,384
$180.51
100.0%
Vol XXVI • No 2 LAM@realestats.net • 360.798.4014
©1991-2016 REAL ESTATS INC All Rights Reserved
®
REAL ESTATS ≤
WHATCOM County Washington February 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
Short Plat/Lot Line Adj
3
$1,120,000
$425,000
1
Liberty Park
3
$1,098,900
2
Belmont
2
$751,350
3
Pacific Highlands
2
$679,000
$349,000
$330,000
$339,500
$197.98
7.2%
4
Maple Ridge
2
$630,000
$320,000
$310,000
$315,000
$178.49
6.7%
5
Gill
2
$627,683
$314,000
$313,683
$313,842
$146.42
6.6%
6
North Shore Estates
1
$540,100
$540,100
$540,100
$540,100
$183.33
5.7%
7
Henley Heights Short
1
$525,000
$525,000
$525,000
$525,000
$226.00
5.5%
8
Maberry
1
$416,000
$416,000
$416,000
$416,000
$185.38
4.4%
9
Pioneer Meadows
1
$389,000
$389,000
$389,000
$389,000
$162.08
4.1%
10
Village @ King Mountain
1
$355,000
$355,000
$355,000
$355,000
$197.22
3.7%
Average Price
Average $/SF
% Mkt $
$280,000
$373,333
$184.65
11.8%
$375,000
$354,900
$366,300
$197.18
11.6%
$412,450
$338,900
$375,675
$250.80
7.9%
High Price Low Price
11
Sudden Valley
1
$332,000
$332,000
$332,000
$332,000
$138.16
3.5%
12
Burlwood Estates
1
$321,446
$321,446
$321,446
$321,446
$149.23
3.4%
13
Raspberry Ridge View Condo
1
$320,000
$320,000
$320,000
$320,000
$180.38
3.4%
14
West Cedar Park
1
$282,000
$282,000
$282,000
$282,000
$193.02
3.0%
15
Rusnak Long
1
$280,000
$280,000
$280,000
$280,000
$140.21
3.0%
16
Bone Creek Meadows
1
$270,000
$270,000
$270,000
$270,000
$105.06
2.9%
17
North Prairie
1
$269,900
$269,900
$269,900
$269,900
$153.09
2.8%
18
Anderson Park
1
$266,000
$266,000
$266,000
$266,000
$167.82
2.8%
TOTAL
27
$8,353,379
$540,100
$266,000
$309,384
$180.51
100.0%
Vol XXVI • No 2 www.realestats.net • 360.798.4014
©1991-2016 REAL ESTATS INC All Rights Reserved
®
REAL ESTATS ≤
WHATCOM County Washington February 2016
%≈
Overviews of Residential Real Estate Activity in Select Counties of Oregon and Washington • Since 1991
Top Builders by Units Recorded Year-to-date Rank #
Seller
#
Total Volume
1
Rubicon Idc LLC
2
$955,100
$540,100
2
Greenbriar Construction Corp
2
$751,350
3
Roosendaal Honcoop Inc
2
$723,900
4
Pacific Highlands LLC
2
5
Summit View Construction NW LLC
6 7
Average Price
Average $/SF
% Mkt $
$415,000
$477,550
$177.09
7.4%
$412,450
$338,900
$375,675
$250.80
7.4%
$369,000
$354,900
$361,950
$205.33
7.4%
$679,000
$349,000
$330,000
$339,500
$197.98
7.4%
2
$627,683
$314,000
$313,683
$313,842
$146.42
7.4%
Del Pozo Manuel R
1
$525,000
$525,000
$525,000
$525,000
$226.00
3.7%
Cowden Brent
1
$425,000
$425,000
$425,000
$425,000
$168.38
3.7%
8
Tabert Homes Inc
1
$416,000
$416,000
$416,000
$416,000
$185.38
3.7%
9
Unruh Construction Inc
1
$389,000
$389,000
$389,000
$389,000
$162.08
3.7%
10
Life Giving Investment Team
1
$375,000
$375,000
$375,000
$375,000
$180.90
3.7%
11
Alliance Properties 200 LLC
1
$355,000
$355,000
$355,000
$355,000
$197.22
3.7%
12
Savchuk Sergey & Svetlana
1
$332,000
$332,000
$332,000
$332,000
$138.16
3.7%
13
Professional Contracting Inc
1
$321,446
$321,446
$321,446
$321,446
$149.23
3.7%
14
Kamphouse Kent & Heidi
1
$320,000
$320,000
$320,000
$320,000
$169.22
3.7%
High Price Low Price
15
Sangrey Construction LLC
1
$320,000
$320,000
$320,000
$320,000
$180.38
3.7%
16
Hoksbergen George & Candy
1
$310,000
$310,000
$310,000
$310,000
$187.76
3.7%
17
West Cedar Park LLC
1
$282,000
$282,000
$282,000
$282,000
$193.02
3.7%
18
Bellingham Central LLC
1
$280,000
$280,000
$280,000
$280,000
$214.72
3.7%
19
Henry Larry W & Michele J
1
$280,000
$280,000
$280,000
$280,000
$140.21
3.7%
20
Pacific West Contracting LLC
1
$270,000
$270,000
$270,000
$270,000
$105.06
3.7%
21
Everkept Construction Inc
1
$269,900
$269,900
$269,900
$269,900
$153.09
3.7%
22
Moore Paul E & Oryx B
1
$266,000
$266,000
$266,000
$266,000
$167.82
3.7%
TOTAL
27
$9,473,379
$540,100
$266,000
$350,866
$180.51
100.0%
Vol XXVI • No 2 LAM@realestats.net • 360.798.4014
©1991-2016 REAL ESTATS INC All Rights Reserved
®
REAL ESTATS ≤
WHATCOM County Washington February 2016
%≈
Overviews of Residential Real Estate Activity in Select Counties of Oregon and Washington • Since 1991
Top Builders by Dollar Volume Recorded Year-to-date Rank $
Seller
#
Total Volume
High Price Low Price
Average Price
Average $/SF
% Mkt $
1
Rubicon Idc LLC
2
$955,100
$540,100
$415,000
$477,550
$177.09
10.1%
2
Greenbriar Construction Corp
2
$751,350
$412,450
$338,900
$375,675
$250.80
7.9%
3
Roosendaal Honcoop Inc
2
$723,900
$369,000
$354,900
$361,950
$205.33
7.6%
4
Pacific Highlands LLC
2
$679,000
$349,000
$330,000
$339,500
$197.98
7.2%
5
Summit View Construction NW LLC
2
$627,683
$314,000
$313,683
$313,842
$146.42
6.6%
6
Del Pozo Manuel R
1
$525,000
$525,000
$525,000
$525,000
$226.00
5.5%
7
Cowden Brent
1
$425,000
$425,000
$425,000
$425,000
$168.38
4.5%
8
Tabert Homes Inc
1
$416,000
$416,000
$416,000
$416,000
$185.38
4.4%
9
Unruh Construction Inc
1
$389,000
$389,000
$389,000
$389,000
$162.08
4.1%
10
Life Giving Investment Team
1
$375,000
$375,000
$375,000
$375,000
$180.90
4.0%
11
Alliance Properties 200 LLC
1
$355,000
$355,000
$355,000
$355,000
$197.22
3.7%
12
Savchuk Sergey & Svetlana
1
$332,000
$332,000
$332,000
$332,000
$138.16
3.5%
13
Professional Contracting Inc
1
$321,446
$321,446
$321,446
$321,446
$149.23
3.4%
14
Kamphouse Kent & Heidi
1
$320,000
$320,000
$320,000
$320,000
$169.22
3.4%
15
Sangrey Construction LLC
1
$320,000
$320,000
$320,000
$320,000
$180.38
3.4%
16
Hoksbergen George & Candy
1
$310,000
$310,000
$310,000
$310,000
$187.76
3.3%
17
West Cedar Park LLC
1
$282,000
$282,000
$282,000
$282,000
$193.02
3.0%
18
Henry Larry W & Michele J
1
$280,000
$280,000
$280,000
$280,000
$140.21
3.0%
19
Bellingham Central LLC
1
$280,000
$280,000
$280,000
$280,000
$214.72
3.0%
20
Pacific West Contracting LLC
1
$270,000
$270,000
$270,000
$270,000
$105.06
2.9%
21
Everkept Construction Inc
1
$269,900
$269,900
$269,900
$269,900
$153.09
2.8%
22
Moore Paul E & Oryx B
1
$266,000
$266,000
$266,000
$266,000
$167.82
2.8%
TOTAL
27
$9,473,379
$540,100
$266,000
$350,866
$180.51
100.0%
Vol XXVI • No 2 www.realestats.net • 360.798.4014
©1991-2016 REAL ESTATS INC All Rights Reserved
®
REAL ESTATS ≤
WHATCOM County Washington February 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 2 LAM@realestats.net • 360.798.4014
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
©1991-2016 REAL ESTATS INC All Rights Reserved
®
REAL ESTATS ≤
%≈
Overviews of Residential Real Estate Activity in Select Counties of Oregon and Washington • Since 1991
WHATCOM County Washington February 2016
Average Monthly Price of Residential Recordings $350,000
$325,000
Oct ‘06 - $324,976 Feb ‘16 $310,803
$300,000
$275,000
$250,000
$225,000
Feb ‘12 - $224,129
$200,000
Vol XXVI • No 2 www.realestats.net • 360.798.4014
©1991-2016 REAL ESTATS INC All Rights Reserved
®
REAL ESTATS ≤
%≈
Overviews of Residential Real Estate Activity in Select Counties of Oregon and Washington • Since 1991
WHATCOM County Washington February 2016
There are currently 748 residences for sale, which represents 3.2 months of supply, since 236 sold in February. This is a sellers’ market, down from last month. Inventory source: http://www.redfin.com/homepage
Weekly Residential Inventory 2,600 2,400 2,200 2,000 1,800 1,600 1,400 1,200 1,000 800 600
Vol XXVI • No 2 LAM@realestats.net • 360.798.4014
©1991-2016 REAL ESTATS INC All Rights Reserved
®
REAL ESTATS ≤
WHATCOM County Washington February 2016
%≈
Overviews of Residential Real Estate Activity in Select Counties of Oregon and Washington • Since 1991
REO Sales as % of Existing Homes Sold 2010
2011
2012
2013
2014
2015
2016
Month
#
% of All Sold
#
% of All Sold
#
% of All Sold
#
% of All Sold
#
% of All Sold
#
% of All Sold
#
% of All Sold
Jan
17
15.9%
19
19.8%
21
17.5%
29
24.2%
14
10.9%
21
13.0%
6
5.0%
Feb
23
18.9%
17
19.1%
23
21.9%
20
15.7%
18
13.4%
23
13.1%
7
4.0%
Mar
24
13.3%
26
19.0%
22
12.8%
17
9.8%
37
18.4%
28
11.9%
Apr
20
11.4%
33
21.3%
19
13.4%
19
10.1%
22
12.7%
23
8.2%
May
20
11.0%
27
17.4%
24
12.3%
20
8.5%
17
7.7%
14
4.9%
Jun
16
8.7%
23
13.1%
13
6.2%
23
9.4%
22
7.8%
17
4.9%
Jul
15
10.2%
17
10.1%
15
7.5%
18
6.7%
17
7.0%
7
2.2%
Aug
18
11.5%
25
12.4%
12
5.7%
16
6.3%
11
4.0%
11
3.5%
Sep
19
12.7%
29
16.2%
17
8.9%
14
6.7%
24
10.1%
11
4.0%
Oct
23
16.3%
26
17.2%
26
12.9%
22
9.6%
15
5.8%
2
0.8%
Nov
20
15.9%
26
18.8%
12
6.7%
18
11.2%
13
6.9%
7
3.8%
Dec
32
21.3%
27
17.4%
12
6.5%
19
10.6%
20
10.0%
11
4.7%
Total
247
13.6%
295
16.4%
216
10.2%
235
9.8%
230
9.1%
175
5.7%
13
4.4%
Change
Avg $/SF
Change
Change
Change
Change
Change
Change
$135.13
-7.1%
$127.23
-5.8%
$131.42
3.3%
$128.12
-2.5%
$133.45
4.2%
$126.20
-5.4%
$114.89
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%
$181,376 -11.3%
Vol XXVI • No 2 www.realestats.net • 360.798.4014
-9.0%
©1991-2016 REAL ESTATS INC All Rights Reserved
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REAL ESTATS ≤
WHATCOM County Washington February 2016
%≈
Overviews of Residential Real Estate Activity in Select Counties of Oregon and Washington • Since 1991
Four Years-to-date Compared County Records
Jan-Feb 2013
Ch '13 vs '12
Jan-Feb 2014
Ch '14 vs '13
Jan-Feb 2015
Ch '15 vs '14
Jan-Feb 2016
Ch '16 vs '15
Existing Residences
$64,380,708
11.6%
$85,000,674
32.0%
$96,123,766
13.1%
$95,970,773
-0.2%
# In County
247
9.8%
308
24.7%
337
9.4%
294
-12.8%
Largest
$1,200,000
4.3%
$1,287,000
7.3%
$1,425,000
10.7%
$1,250,000
-12.3%
Average
$260,651
1.7%
$275,976
5.9%
$285,234
3.4%
$326,431
14.4%
Median
$237,875
6.3%
$244,750
2.9%
$261,750
6.9%
$293,250
12.0%
Average $/SF
$166.20
5.7%
$176.83
6.4%
$175.98
-0.5%
$178.50
1.4%
New Construction
$7,574,782
47.6%
$10,580,746
39.7%
$11,006,217
4.0%
$9,153,379
-16.8%
# In County
25
25.0%
34
36.0%
34
0.0%
26
-23.5%
Largest
$570,000
52.0%
$455,000
-20.2%
$595,000
30.8%
$540,100
-9.2%
Average
$302,991
18.0%
$311,198
2.7%
$323,712
4.0%
$352,053
8.8%
Median
$263,825
5.8%
$311,698
18.1%
$312,450
0.2%
$335,450
7.4%
% Of $ New
10.5%
28.8%
11.1%
5.2%
10.3%
-7.2%
8.7%
-15.2%
% Of Units New
9.2%
12.6%
9.9%
8.2%
9.2%
-7.8%
8.1%
-11.3%
Condominiums
$10,578,956
40.7%
$12,615,281
19.2%
$8,218,560
-34.9%
$10,512,570
27.9%
# In County
51
41.7%
59
15.7%
46
-22.0%
62
34.8%
Average
$207,431
-0.7%
$213,818
3.1%
$178,664
-16.4%
$169,558
-5.1%
Mobile Homes
$3,855,051
15.6%
$3,192,530
-17.2%
$3,146,303
-1.4%
$4,102,995
30.4%
# in County
30
3.4%
27
-10.0%
24
-11.1%
24
0.0%
Plexes
$4,557,500
98.7%
$5,107,034
12.1%
$7,341,337
43.7%
$4,620,050
-37.1%
# Buildings
13
44.4%
16
23.1%
15
-6.3%
12
-20.0%
Units
34
70.0%
39
14.7%
36
-7.7%
29
-19.4%
Average Unit
$134,044
16.9%
$130,950
-2.3%
$203,926
55.7%
$159,312
-21.9%
Total Volume (Residential)
$90,946,997
19.8%
$116,496,265
28.1%
$125,836,183
8.0%
$124,359,767
-1.2%
# In County
366
14.7%
444
21.3%
456
2.7%
418
-8.3%
Average Res'l Unit (No Plexes)
$244,729
3.0%
$260,255
6.3%
$268,696
3.2%
$294,925
9.8%
Land
$18,332,781
30.1%
$15,568,789
-15.1%
$15,254,124
-2.0%
$12,428,806
-18.5%
# In County
88
15.8%
139
58.0%
98
-29.5%
76
-22.4%
Largest
$5,880,000
58.9%
$1,300,000
-77.9%
$872,111
-32.9%
$1,550,000
77.7%
Average
$208,327
12.4%
$112,006
-46.2%
$155,654
39.0%
$163,537
5.1%
Commercial
$38,951,744
-16.3%
$43,674,829
12.1%
$32,020,544
-26.7%
$30,941,654
-3.4%
# In County
44
33.3%
63
43.2%
34
-46.0%
35
2.9%
Grand Total Volume
$148,231,522
8.5%
$175,739,883
18.6%
$173,110,851
-1.5%
$167,730,227
-3.1%
Total # In County
498
16.4%
646
29.7%
588
-9.0%
529
-10.0%
Vol XXVI • No 2 LAM@realestats.net • 360.798.4014
©1991-2016 REAL ESTATS INC All Rights Reserved
®
REAL ESTATS ≤
WHATCOM County Washington February 2016
%≈
Overviews of Residential Real Estate Activity in Select Counties of Oregon and Washington • Since 1991
Current Month Compared County Records
Feb '13
Ch '13 vs. '12
Feb '14
Ch '14 vs. '13
Feb '15
Ch '15 vs. '14
Feb '16
Ch '16 vs. '15
Existing Residences
$31,431,009
24.4%
$34,988,536
11.3%
$50,413,635
44.1%
$58,713,825
16.5%
# In County
127
21.0%
134
5.5%
175
30.6%
173
-1.1%
Largest
$793,000
32.6%
$837,500
5.6%
$1,425,000
70.1%
$1,250,000
-12.3%
Average
$247,488
2.8%
$261,108
5.5%
$288,078
10.3%
$339,386
17.8%
Median
$230,000
4.5%
$235,000
2.2%
$258,500
10.0%
$305,000
18.0%
Average $/SF
$163.77
7.7%
$171.53
4.7%
$175.72
2.4%
$180.83
2.9%
New Construction
$4,982,482
121.9%
$4,208,372
-15.5%
$4,307,817
2.4%
$4,723,796
9.7%
# In County
17
88.9%
14
-17.6%
13
-7.1%
13
0.0%
Largest
$485,000
36.6%
$450,000
-7.2%
$595,000
32.2%
$525,000
-11.8%
Average
$293,087
17.5%
$300,598
2.6%
$331,371
10.2%
$363,369
9.7%
Median
$269,900
17.4%
$297,500
10.2%
$330,000
10.9%
$354,900
7.5%
% Of $ New
13.7%
67.6%
10.7%
-21.5%
7.9%
-26.7%
7.4%
-5.4%
% Of Units New
11.8%
49.5%
9.5%
-19.9%
6.9%
-26.9%
7.0%
1.1%
Condominiums
$6,056,555
29.7%
$5,767,734
-4.8%
$4,513,194
-21.8%
$5,779,850
28.1%
# In County
29
31.8%
24
-17.2%
26
8.3%
33
26.9%
Average
$208,847
-1.6%
$240,322
15.1%
$173,584
-27.8%
$175,147
0.9%
Mobile Homes
$2,252,449
56.9%
$2,054,000
-8.8%
$1,894,460
-7.8%
$2,267,200
19.7%
# in County
19
35.7%
12
-36.8%
16
33.3%
11
-31.3%
Plexes
$1,982,000
51.4%
$2,991,300
50.9%
$3,850,000
28.7%
$2,193,300
-43.0%
# Buildings
5
0.0%
7
40.0%
7
0.0%
6
-14.3%
Units
15
50.0%
18
20.0%
17
-5.6%
13
-23.5%
Average Unit Total Volume (Residential) # In County Average Res'l Unit (No Plexes) Land
$132,133
0.9%
$166,183
25.8%
$226,471
36.3%
$168,715
-25.5%
$46,704,495
33.7%
$50,009,942
7.1%
$64,979,106
29.9%
$73,677,971
13.4%
197
27.1%
191
-3.0%
237
24.1%
236
-0.4%
$232,930
3.9%
$255,536
9.7%
$265,779
4.0%
$310,803
16.9%
$4,572,781
-37.5%
$7,098,421
55.2%
$7,859,392
10.7%
$6,118,025
-22.2%
# In County
50
51.5%
45
-10.0%
47
4.4%
35
-25.5%
Largest
$385,000
-84.7%
$3,100,000
705.2%
$872,111
-71.9%
$767,000
-12.1%
Average
$91,456
-58.7%
$157,743
72.5%
$167,221
6.0%
$174,801
4.5%
Commercial
$12,763,923
107.2%
$11,912,154
-6.7%
$11,093,630
-6.9%
$15,711,193
41.6%
# In County
22
22.2%
14
-36.4%
16
14.3%
16
0.0%
Grand Total Volume
$64,041,199
32.3%
$69,020,517
7.8%
$83,932,128
21.6%
$95,507,189
13.8%
Total # In County
269
30.6%
250
-7.1%
300
20.0%
287
-4.3%
Vol XXVI • No 2 www.realestats.net • 360.798.4014
©1991-2016 REAL ESTATS INC All Rights Reserved
®
REAL ESTATS ≤
WHATCOM County Washington February 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
8
-27.3%
14
75.0%
21
50.0%
13
-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
22
57.1%
25
13.6%
20
-20.0%
29
45.0%
Average
$205,564
1.0%
$237,715
15.6%
$185,268
-22.1%
$163,197
-11.9%
Mobile Homes
$1,602,602
-15.7%
$1,585,930
-1.0%
$1,251,843
-21.1%
$1,835,795
46.6%
# in County
11
-26.7%
11
0.0%
8
-27.3%
13
62.5%
Plexes
$2,575,500
161.7%
$1,342,930
-47.9%
$3,491,337
160.0%
$2,426,750
-30.5%
# Buildings
8
100.0%
4
-50.0%
8
100.0%
6
-25.0%
Units
19
90.0%
8
-57.9%
19
137.5%
16
-15.8%
Average Unit Total Volume (Residential) # In County Average Res'l Unit (No Plexes) Land
$135,553
37.8%
$167,866
23.8%
$183,755
9.5%
$151,672
-17.5%
$44,242,502
7.9%
$48,993,787
10.7%
$60,857,077
24.2%
$50,681,796
-16.7%
169
3.0%
183
8.3%
219
19.7%
182
-16.9%
$258,801
3.4%
$266,206
2.9%
$271,876
2.1%
$274,176
0.8%
$13,760,000
103.2%
$7,918,276
-42.5%
$7,394,732
-6.6%
$6,310,781
-14.7%
# In County
38
-11.6%
58
52.6%
51
-12.1%
41
-19.6%
Largest
$5,880,000
58.9%
$855,000
-85.5%
$700,000
-18.1%
$1,550,000
121.4%
Average
$362,105
129.9%
$136,522
-62.3%
$144,995
6.2%
$153,921
6.2%
Commercial
$26,187,821
-35.1%
$16,444,100
-37.2%
$20,926,914
27.3%
$15,230,461
-27.2%
# In County
22
46.7%
29
31.8%
18
-37.9%
19
5.6%
Grand Total Volume
$84,190,323
-4.5%
$73,356,163
-12.9%
$89,178,723
21.6%
$72,223,038
-19.0%
Total # In County
229
3.2%
270
17.9%
288
6.7%
242
-16.0%
Vol XXVI • No 2 www.realestats.net • 360.798.4014
©1991-2016 REAL ESTATS INC All Rights Reserved
®
REAL ESTATS ≤
WHATCOM County Washington February 2016
%≈
Overviews of Residential Real Estate Activity in Select Counties of Oregon and Washington • Since 1991
Existing Home Sales by Price Ranges 2013 Range of Prices
2014
2015
Total #
Per Mo
$/SF
Total #
Per Mo
Ch in # Sld
$/SF
Ch in $/SF
Total #
Per Ch in Mo # Sld
$/SF
Ch in $/SF
- $175,000
401
33.4
$123.15
412
34.3
3%
$132.08
7.2%
335
27.9 -19%
$130.57
-1.1%
$175,001 - $200,000
193
16.1
$151.51
195
16.3
1%
$163.54
7.9%
222
18.5
14%
$158.33
-3.2%
$200,001 - $225,000
243
20.3
$170.57
238
19.8
-2%
$172.41
1.1%
215
17.9 -10%
$172.14
-0.2%
$225,001 - $250,000
285
23.8
$179.58
288
24.0
1%
$175.48
-2.3%
333
27.8
16%
$179.51
2.3%
$250,001 - $275,000
222
18.5
$180.29
265
22.1
19%
$183.82
2.0%
322
26.8
22%
$180.27
-1.9%
$275,001 - $300,000
195
16.3
$180.08
207
17.3
6%
$181.38
0.7%
314
26.2
52%
$184.20
1.6%
$300,001 - $350,000
271
22.6
$186.66
310
25.8
14%
$196.29
5.2%
431
35.9
39%
$190.80
-2.8%
$350,001 - $400,000
169
14.1
$196.91
186
15.5
10%
$207.89
5.6%
275
22.9
48%
$196.93
-5.3%
$400,001 - $450,000
139
11.6
$219.10
120
10.0
-14%
$224.73
2.6%
188
15.7
57%
$205.15
-8.7%
$450,001 - $500,000
83
6.9
$224.75
84
7.0
1%
$236.27
5.1%
129
10.8
54%
$213.31
-9.7%
$500,001 - $600,000
87
7.3
$257.07
111
9.3
28%
$257.65
0.2%
116
9.7
5%
$227.85
-11.6%
$600,001 - $700,000
54
4.5
$283.45
54
4.5
0%
$303.40
7.0%
58
4.8
7%
$246.42
-18.8%
$700,001 - $800,000
29
2.4
$329.99
23
1.9
-21%
$320.55
-2.9%
35
2.9
52%
$257.19
-19.8%
$800,001 - $900,000
9
0.8
$329.45
11
0.9
22%
$335.13
1.7%
29
2.4
164%
$326.80
-2.5%
$900,001 - $1,000,000
2
0.2
$469.80
14
1.2
600% $370.69 -21.1%
8
0.7
-43%
$397.47
7.2%
13
1.1
$420.15
22
1.8
69%
$419.26
-0.2%
37
3.1
68%
$370.58
-11.6%
2,395
200
$182.03
2,540
212
6%
$189.34
4.0%
3,047 254
20%
$187.11
-1.2%
$173.60
3.5%
$174.37
0.4%
-
$1,000,001 -
Sky
Overall Total Median
Vol XXVI • No 2 www.realestats.net • 360.798.4014
$167.74
©1991-2016 REAL ESTATS INC All Rights Reserved
®
REAL ESTATS ≤
WHATCOM County Washington February 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
#
#/Per Mo
- $175,000
38
19.0
-32%
$116.10
-11.1%
24
1.3
$175,001 - $200,000
14
7.0
-62%
$155.08
-2.0%
29
4.1
$200,001 - $225,000
17
8.5
-53%
$180.42
4.8%
25
2.9
$225,001 - $250,000
30
15.0
-46%
$175.08
-2.5%
35
2.3
$250,001 - $275,000
24
12.0
-55%
$177.84
-1.3%
31
2.6
$275,001 - $300,000
31
15.5
-41%
$170.00
-7.7%
23
1.5
$300,001 - $350,000
44
22.0
-39%
$190.09
-0.4%
58
2.6
$350,001 - $400,000
25
12.5
-45%
$177.45
-9.9%
57
4.6
$400,001 - $450,000
26
13.0
-17%
$181.39
-11.6%
33
2.5
$450,001 - $500,000
13
6.5
-40%
$202.92
-4.9%
43
6.6
$500,001 - $600,000
16
8.0
-17%
$231.71
1.7%
48
6.0
$600,001 - $700,000
7
3.5
-28%
$235.40
-4.5%
39
11.1
$700,001 - $800,000
4
2.0
-31%
$234.13
-9.0%
22
11.0
$800,001 - $900,000
1
0.5
-79%
$266.41
-18.5%
14
28.0
$900,001 - $1,000,000
2
1.0
50%
$467.18
17.5%
6
6.0
2
1.0
-68%
$195.71
-47.2%
49
49.0
147.0 -42%
$178.50
-4.6%
536
3.6
$172.90
-0.8%
*Date
3/21/16
-
$1,000,001 -
Sky
Overall Total Median
Vol XXVI • No 2 LAM@realestats.net • 360.798.4014
294
©1991-2016 REAL ESTATS INC All Rights Reserved
®
REAL ESTATS ≤
WHATCOM County Washington February 2016
%≈
Overviews of Residential Real Estate Activity in Select Counties of Oregon and Washington • Since 1991
Existing Single Family Sales by Zip Code 2015 ZIP
Total #
Per Mo
Ch in #/Mo
Avg$
98220
3
0.3
0.0%
$340,667
98225
429
35.8
0.0%
98226
546
45.5
98229
593
98230
2016 Total #
Per Mo
Ch in #/Mo
Avg$
Ch in Avg $
$/SF
Ch Avg $/SF
97.3% $225.19 105.6%
0
0.0
-100.0%
-
-
-
-
$350,513
8.4%
$234.13
2.3%
56
28.0
-21.7%
$349,261
-0.4%
$222.59
-4.9%
23.0%
$356,427
1.7%
$196.67
-2.4%
51
25.5
-44.0%
$386,070
8.3%
$189.90
-3.4%
49.4
19.3%
$354,052
8.9%
$189.20
-3.5%
58
29.0
-41.3%
$339,804
-4.0%
$166.58 -12.0%
322
26.8
22.0%
$313,968
9.6%
$173.98
5.9%
24
12.0
-55.3%
$301,197
-4.1%
$149.82 -13.9%
98240
33
2.8
17.9%
$320,558
12.1% $158.65 -12.7%
4
2.0
-27.3%
$300,625
-6.2%
$166.73
5.1%
98244
52
4.3
-1.9%
$242,138
12.0% $164.74
-5.7%
10
5.0
15.4%
$230,110
-5.0%
$157.27
-4.5%
98247
92
7.7
41.5%
$300,620
14.0% $169.93
4.2%
11
5.5
-28.3%
$263,364
-12.4% $150.58 -11.4%
98248
385
32.1
40.5%
$287,988
3.7%
$173.73
3.1%
31
15.5
-51.7%
$344,035
19.5% $177.98
98262
23
1.9
-8.0%
$388,663
8.5%
$256.15 -15.4%
3
1.5
-21.7%
$360,000
-7.4%
$177.36 -30.8%
98264
354
29.5
38.8%
$311,323
10.6% $167.57
5.1%
25
12.5
-57.6%
$305,575
-1.8%
$167.86
0.2%
98266
60
5.0
87.5%
$167,557
48.3% $115.02 22.5%
4
2.0
-60.0%
$133,875
-20.1% $125.26
8.9%
98276
23
1.9
53.3%
$232,933
8.2%
0
0.0
-100.0%
-
98281
53
4.4
-19.7%
$256,327
-11.3% $186.23 -15.6%
4
2.0
-54.7%
$125,298
-51.1% $156.69 -15.9%
98284
53
4.4
0.0%
$235,940
19.7% $161.49
9.7%
8
4.0
-9.4%
$178,309
-24.4% $122.40 -24.2%
98295
26
2.2
-29.7%
$219,869
8.5%
-7.6%
5
2.5
15.4%
$307,398
39.8% $164.52 21.1%
Vol XXVI • No 2 www.realestats.net • 360.798.4014
Ch in Avg $
$/SF
$130.99
$135.83
Ch Avg $/SF
0.0%
-
-
2.4%
-
©1991-2016 REAL ESTATS INC All Rights Reserved
®
REAL ESTATS ≤
WHATCOM County Washington February 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
$208.36
-1.5%
1,531
$302,001
72
1,423
$270,636
158
$191.31 -3.7%
1,633
$290,900
142
$169.59 -11.4%
1,535
$255,768
15
4.4%
1,462
$252,869
398
$173.36 -1.3%
1,614
$274,556
482
$170.57
-1.6%
1,625
$271,497
52
$192.53
3.6%
1,701
$318,046
179
$189.32 -1.7%
1,804
$332,303
209
$163.11 -13.8%
1,834
$297,430
22
1990's
$180.40
5.4%
1,802
$319,646
490
$179.22 -0.7%
1,962
$350,087
559
$174.84
-2.4%
2,322
$404,074
51
2000
$191.60
7.9%
1,906
$344,988
49
$184.77 -3.6%
1,795
$311,432
58
$187.01
1.2%
1,891
$353,950
2
2001
$199.51
7.1%
1,883
$383,975
55
$192.74 -3.4%
1,897
$375,662
56
$175.77
-8.8%
2,260
$401,650
10
2002
$180.91
5.3%
1,687
$291,404
45
$194.60
7.6%
2,028
$392,881
76
$159.42 -18.1%
2,439
$377,822
9
2003
$180.72
1.5%
2,039
$372,380
61
$175.92 -2.7%
2,018
$348,955
82
$148.59 -15.5%
1,955
$299,510
7
2004
$180.82 10.9%
1,952
$358,282
87
$172.04 -4.9%
2,031
$350,831
97
$166.65
-3.1%
2,254
$360,832
8
2005
$179.81 10.7%
1,924
$339,762
99
$170.01 -5.4%
2,094
$351,434
129
$164.98
-3.0%
1,998
$329,263
11
2006
$164.29
2,065
$338,798
79
$161.55 -1.7%
2,269
$357,215
93
$146.78
-9.1%
2,276
$323,958
12
2007
$183.86 11.6%
2,159
$382,195
57
$172.22 -6.3%
2,210
$380,391
85
$163.52
-5.1%
1,734
$283,500
2
2008
$157.66 -12.0%
2,187
$334,661
39
$175.87 11.5%
2,130
$365,669
52
$132.91 -24.4%
1,422
$189,000
1
2009
$168.61
8.6%
2,151
$362,909
16
$189.30 12.3%
2,126
$421,957
29
$165.18 -12.7%
1,344
$222,000
1
2010
$175.14
0.0%
1,981
$344,355
20
$171.12 -2.3%
1,942
$321,324
17
$185.11
8.2%
1,672
$309,500
1
2011
$192.14 24.5%
2,268
$479,056
18
$173.11 -9.9%
1,889
$322,596
22
$189.10
9.2%
2,172
$450,000
3
2012
$180.17
1,941
$353,309
22
$182.67
1.4%
1,855
$341,948
30
$173.88
-4.8%
2,554
$443,383
6
$175.75
-
2,086
$364,200
44
$177.09
0.8%
2,005
$340,100
5
$183.94
-
2,197
$376,350
4
-
2013
New Construction
2014
New Construction
Vol XXVI • No 2 LAM@realestats.net • 360.798.4014
Average Average Size $
# Sold
# Sold
2.3%
Average Average Size $
2016
New Construction
Average Average $ Size
©1991-2016 REAL ESTATS INC All Rights Reserved
®
REAL ESTATS ≤
WHATCOM County Washington February 2016
%≈
Overviews of Residential Real Estate Activity in Select Counties of Oregon and Washington • Since 1991
New Single Family Sales by Price Ranges 2013 Range of Prices
Total Per # Month
2014 $/SF
Total Per # Mo
Ch in # Sld
2015 $/SF
Ch in $/SF
Total #
Per Mo
Ch in # Sld
$/SF
Ch in $/SF
- $200,000
6
0.5
$130.46
6
0.5
0%
$129.78 -0.5%
3
0.3
-50%
$150.70
16.1%
$200,001
- $225,000
11
0.9
$156.45
9
0.8
-18%
$151.79 -3.0%
9
0.8
0%
$145.57
-4.1%
$225,001
- $250,000
43
3.6
$156.15
33
2.8
-23%
$152.94 -2.1%
21
1.8
-36%
$159.91
4.6%
$250,001
- $275,000
37
3.1
$161.78
34
2.8
-8%
$158.20 -2.2%
29
2.4
-15%
$164.26
3.8%
$275,001
- $300,000
34
2.8
$152.61
36
3.0
6%
$168.02 10.1%
38
3.2
6%
$165.55
-1.5%
$300,001
- $350,000
61
5.1
$154.07
68
5.7
11%
$160.18
4.0%
62
5.2
-9%
$181.64
13.4%
$350,001
- $400,000
36
3.0
$169.16
41
3.4
14%
$162.70 -3.8%
60
5.0
46%
$174.30
7.1%
$400,001
- $450,000
14
1.2
$186.96
21
1.8
50%
$188.06
0.6%
17
1.4
-19%
$179.40
-4.6%
$450,001
- $500,000
9
0.8
$194.33
15
1.3
67%
$195.61
0.7%
24
2.0
60%
$207.51
6.1%
$500,001
- $600,000
5
0.4
$174.68
9
0.8
80%
$190.08
8.8%
22
1.8
144%
$216.39
13.8%
$600,001
- $700,000
1
0.1
$164.69
2
0.2
100%
$196.77 19.5%
4
0.3
100%
$228.05
15.9%
$700,001
- $800,000
0
0.0
-
2
0.2
-
$260.36
-
2
0.2
0%
$255.91
-1.7%
$800,001
- $900,000
1
0.1
$252.64
0
0.0
-100%
-
-
0
0.0
-
-
-
$900,001
- $1,000,000
0
0.0
-
1
0.1
-
$305.00
-
0
0.0 -100%
-
-
0
0.0
-
1
0.1
-
$265.04
-
0
0.0 -100%
-
-
258
21.5
23
8%
$166.40
3.4%
291
$179.07
7.6%
$161.17
0.9%
$173.13
7.4%
$1,000,001 -
Sky
Overall Total Median
Vol XXVI • No 2 www.realestats.net • 360.798.4014
$161.00 278 $159.74
24
5%
©1991-2016 REAL ESTATS INC All Rights Reserved
®
REAL ESTATS ≤
WHATCOM County Washington February 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
#
#/Per Mo
- $200,000
0
0.0
-100%
-
-
0
-
$200,001
- $225,000
0
0.0
-100%
-
-
0
-
$225,001
- $250,000
0
0.0
-100%
-
-
1
-
$250,001
- $275,000
3
1.5
-38%
$141.99
-13.6%
3
2.0
$275,001
- $300,000
3
1.5
-53%
$182.65
10.3%
5
3.3
$300,001
- $350,000
9
4.5
-13%
$173.25
-4.6%
9
2.0
$350,001
- $400,000
5
2.5
-50%
$190.17
9.1%
13
5.2
$400,001
- $450,000
4
2.0
41%
$200.03
11.5%
10
5.0
$450,001
- $500,000
0
0.0
-100%
-
-
9
-
$500,001
- $600,000
2
1.0
-45%
$204.67
-5.4%
10
10.0
$600,001
- $700,000
0
0.0
-100%
-
-
1
-
$700,001
- $800,000
0
0.0
-100%
-
-
1
-
$800,001
- $900,000
0
0.0
-
-
-
2
-
$900,001
- $1,000,000
0
0.0
-
-
-
2
-
0
0.0
-
-
-
3
-
26
13.0
-46%
$180.52
0.8%
69
5.3
$182.12
5.2%
*Date
3/21/16
$1,000,001 -
Sky
Overall Total Median
Vol XXVI • No 2 LAM@realestats.net • 360.798.4014
©1991-2016 REAL ESTATS INC All Rights Reserved
®
REAL ESTATS ≤
WHATCOM County Washington February 2016
%≈
Overviews of Residential Real Estate Activity in Select Counties of Oregon and Washington • Since 1991
New Single Family Sales by Zip Code 2015
2016
ZIP
Total #
Per Mo
Ch in #/Mo
Avg$
Ch in Avg $
Total #
Per Mo
Ch in #/Mo
Avg$
Ch in Avg $
98225
11
0.9
10.0%
$432,073
0.7%
$210.97 -17.4%
1
0.5
-45.5%
$415,000
-4.0%
98226
59
4.9
-9.2%
$363,288
3.5%
$188.59
5.1%
2
1.0
-79.7%
$447,550
23.2% $190.28
0.9%
98229
43
3.6
26.5%
$445,256
8.7%
$214.71
9.8%
4
2.0
-44.2%
$402,088
-9.7%
$216.44
0.8%
98230
44
3.7
37.5%
$335,141
4.5%
$158.14
4.2%
1
0.5
-86.4%
$266,000
-20.6% $167.82
6.1%
98240
2
0.2
-50.0%
$416,000
-3.1%
$197.45 20.6%
0
0.0
-100.0%
-
-
98247
6
0.5
100.0%
$345,067
27.7% $157.93
1.2%
4
2.0
300.0%
$333,750
-3.3%
$185.02 17.2%
98248
73
6.1
-9.9%
$325,450
6.8%
$172.77 18.3%
8
4.0
-34.2%
$341,113
4.8%
$185.35
7.3%
98264
35
2.9
6.1%
$361,166
7.2%
$169.42
9.5%
3
1.5
-48.6%
$335,782
-7.0%
$162.57
-4.0%
98266
2
0.2
-33.3%
$207,778
22.9% $136.25 36.3%
0
0.0
-100.0%
-
-
-
-
98276
9
0.8
28.6%
$279,400
13.7% $136.86
0.1%
2
1.0
33.3%
$313,842
98284
1
0.1
-
$302,900
-
0
0.0
-100.0%
-
-
-
-
98295
6
0.5
50.0%
$247,450
-8.8%
0
0.0
-100.0%
-
-
-
-
Vol XXVI • No 2 www.realestats.net • 360.798.4014
-
$/SF
$310.99
20.5% $128.68
Ch Avg $/SF
$/SF
Ch Avg $/SF
$170.85 -19.0%
-
12.3% $146.42
-
7.0%
©1991-2016 REAL ESTATS INC All Rights Reserved
®
REAL ESTATS ≤
WHATCOM County Washington February 2016
%≈
Overviews of Residential Real Estate Activity in Select Counties of Oregon and Washington • Since 1991
Existing Condo/Attached Sales by Price Ranges 2013 Range of Prices
2014
2015
Total #
Per Mo
$/SF
Total #
Per Mo
Ch in # Sld
$/SF
Ch in $/SF
Total #
Per Mo
Ch in # Sld
$/SF
Ch in $/SF
-
- $175,000
224
18.7
$132.73
221
18.4
-1%
$139.48
5.1%
260
21.7
18%
$146.97
5.4%
$175,001
- $200,000
48
4.0
$160.63
48
4.0
0%
$170.63
6.2%
67
5.6
40%
$172.30
1.0%
$200,001
- $225,000
36
3.0
$186.83
36
3.0
0%
$173.17
-7.3%
45
3.8
25%
$185.78
7.3%
$225,001
- $250,000
32
2.7
$197.05
23
1.9
-28%
$191.17
-3.0%
40
3.3
74%
$199.58
4.4%
$250,001
- $275,000
15
1.3
$188.19
18
1.5
20%
$191.33
1.7%
26
2.2
44%
$203.92
6.6%
$275,001
- $300,000
13
1.1
$195.01
20
1.7
54%
$229.87 17.9%
13
1.1
-35%
$224.55
-2.3%
$300,001
- $350,000
18
1.5
$206.64
14
1.2
-22%
$236.05 14.2%
28
2.3
100% $219.05
-7.2%
$350,001
- $400,000
16
1.3
$298.91
13
1.1
-19%
$253.22 -15.3%
26
2.2
100% $310.95 22.8%
$400,001
- $450,000
9
0.8
$291.16
11
0.9
22%
$269.60
-7.4%
5
0.4
-55%
$254.37
$450,001
- $500,000
4
0.3
$289.55
5
0.4
25%
$278.81
-3.7%
6
0.5
20%
$356.64 27.9%
$500,001
- $600,000
5
0.4
$338.55
5
0.4
0%
$265.12 -21.7%
6
0.5
20%
$308.87 16.5%
$600,001
- $700,000
3
0.3
$352.54
3
0.3
0%
$348.40
-1.2%
5
0.4
67%
$385.74 10.7%
$700,001
- $800,000
1
0.1
$401.71
2
0.2
100% $419.85
4.5%
2
0.2
0%
$421.50
0.4%
$800,001
- $900,000
1
0.1
$413.71
0
0.0
-100%
-
-
1
0.1
-
$473.62
-
$900,001
- $1,000,000
1
0.1
$426.66
0
0.0
-100%
-
-
0
0.0
-
-
-
1
0.1
$565.04
3
0.3
200% $518.71
-8.2%
1
0.1
-67%
$786.38 51.6%
427
35.6
$170.18
422
35.2
$173.96
2.2%
531
44.3
26%
$184.25
5.9%
$155.99
6.5%
$163.86
5.0%
$1,000,001 -
Sky
Overall Total Median Median Price
-1%
$146.43 $173,750
Vol XXVI • No 2 LAM@realestats.net • 360.798.4014
$167,900
-3.4%
$179,000
-5.6%
6.6%
©1991-2016 REAL ESTATS INC All Rights Reserved
®
REAL ESTATS ≤
WHATCOM County Washington February 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
#
#/Per Mo
-
-
$175,000
41
20.5
-5%
$145.05
-1.3%
51
2.5
$175,001
-
$200,000
3
1.5
-73%
$121.88
-29.3%
9
6.0
$200,001
-
$225,000
3
1.5
-60%
$200.59
8.0%
9
6.0
$225,001
-
$250,000
4
2.0
-40%
$195.80
-1.9%
6
3.0
$250,001
-
$275,000
6
3.0
38%
$243.72
19.5%
4
1.3
$275,001
-
$300,000
1
0.5
-54%
$300.00
33.6%
4
8.0
$300,001
-
$350,000
2
1.0
-57%
$191.31
-12.7%
5
5.0
$350,001
-
$400,000
2
1.0
-54%
$237.81
-23.5%
4
4.0
$400,001
-
$450,000
0
0.0
-100%
-
-
5
-
$450,001
-
$500,000
0
0.0
-100%
-
-
6
-
$500,001
-
$600,000
0
0.0
-100%
-
-
2
-
$600,001
-
$700,000
0
0.0
-100%
-
-
1
-
$700,001
-
$800,000
0
0.0
-100%
-
-
0
-
$800,001
-
$900,000
0
0.0
-100%
-
-
0
-
$900,001
-
$1,000,000
0
0.0
-
-
-
0
-
$1,000,001
-
Sky
0
0.0
-100%
-
-
0
-
62
31.0
-30%
$166.42
-9.7%
106
3.4
$150.93
-7.9%
Overall Total Median Median Price
Vol XXVI • No 2 www.realestats.net • 360.798.4014
$159,500
*Date 3/21/16
-10.9%
©1991-2016 REAL ESTATS INC All Rights Reserved
®
REAL ESTATS ≤
WHATCOM County Washington February 2016
%≈
Overviews of Residential Real Estate Activity in Select Counties of Oregon and Washington • Since 1991
New Condo/Attached Sales by Price Ranges 2013 Range of Prices
2014
Total #
Per Mo
$/SF
Total #
Per Mo
Ch in # Sld
2015 Total #
Per Mo
Ch in # Sld
$/SF
Ch in $/SF
0
0.0
-100%
-
-
0
0.0
-
-
-
$145.86 -62.2%
0
0.0
-100%
-
-
100% $267.68 -37.5%
2
0.2
0%
$/SF
Ch in $/SF
-
- $175,000
9
0.8
$330.77
3
0.3
-67%
$175,001
- $200,000
3
0.3
$243.04
0
0.0
-100%
$200,001
- $225,000
1
0.1
$386.12
1
0.1
0%
$225,001
- $250,000
1
0.1
$428.59
2
0.2
$250,001
- $275,000
1
0.1
$196.56
1
0.1
0%
$208.83
6.2%
3
0.3
200% $183.43 -12.2%
$275,001
- $300,000
0
0.0
-
1
0.1
-
$298.94
-
0
0.0
-100%
$300,001
- $350,000
0
0.0
-
2
0.2
-
$284.86
-
3
0.3
50%
$350,001
- $400,000
1
0.1
$120.25
3
0.3
0
0.0
-100%
-
-
$400,001
- $450,000
0
0.0
-
0
0.0
-
0
0.0
-
-
-
$450,001
- $500,000
1
0.1
$109.33
1
0.1
0%
1
0.1
0%
$500,001
- $600,000
0
0.0
-
0
0.0
-
-
-
0
0.0
-
-
-
$600,001
- $700,000
0
0.0
-
0
0.0
-
-
-
0
0.0
-
-
-
$700,001
- $800,000
1
0.1
$338.35
1
0.1
0%
0
0.0
-100%
-
-
$800,001
- $900,000
0
0.0
-
0
0.0
-
-
-
0
0.0
-
-
-
$900,001
- $1,000,000
0
0.0
-
0
0.0
-
-
-
0
0.0
-
-
-
0
0.0
-
3
0.3
-
$518.71
-
0
0.0
-100%
-
-
18
1.5
$293.62
18
1.5
0%
$319.19
8.7%
9
0.8
-50%
$1,000,001 -
Sky
Overall Total Median Median Price
Vol XXVI • No 2 LAM@realestats.net • 360.798.4014
-
-
200% $277.21 130.5%
$352.16 $176,250
$271.31 -18.0%
-
-
$318.71 191.5%
$466.29 37.8%
$291.09 -17.3% $319,250
81.1%
$161.06 -39.8%
-
-
$155.36 -45.5%
$201.85 -36.7%
$171.15 -46.4% $183.26 -37.0%
$270,000
-15.4%
©1991-2016 REAL ESTATS INC All Rights Reserved
®
REAL ESTATS ≤
WHATCOM County Washington February 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
#
#/Per Mo
-
-
$175,000
0
0.0
-
-
-
1
-
$175,001
-
$200,000
0
0.0
-
-
-
0
-
$200,001
-
$225,000
0
0.0
-
-
-
0
-
$225,001
-
$250,000
0
0.0
-100%
-
-
0
-
$250,001
-
$275,000
0
0.0
-100%
-
-
1
-
$275,001
-
$300,000
0
0.0
-
-
-
1
-
$300,001
-
$350,000
1
0.5
100%
$180.38
16.1%
1
2.0
$350,001
-
$400,000
0
0.0
-
-
-
0
-
$400,001
-
$450,000
0
0.0
-
-
-
3
-
$450,001
-
$500,000
0
0.0
-100%
-
-
0
-
$500,001
-
$600,000
0
0.0
-
-
-
0
-
$600,001
-
$700,000
0
0.0
-
-
-
3
-
$700,001
-
$800,000
0
0.0
-
-
-
0
-
$800,001
-
$900,000
0
0.0
-
-
-
0
-
$900,001
-
$1,000,000
0
0.0
-
-
-
0
-
$1,000,001
-
Sky
0
0.0
-
-
-
0
-
1
0.5
-33%
$180.38
5.4%
10
20.0
$180.38
-1.6%
Overall Total Median Median Price
Vol XXVI • No 2 www.realestats.net • 360.798.4014
$320,000
*Date 3/21/16
18.5%
©1991-2016 REAL ESTATS INC All Rights Reserved
®
REAL ESTATS ≤
WHATCOM County Washington February 2016
%≈
Overviews of Residential Real Estate Activity in Select Counties of Oregon and Washington • Since 1991
All Condo/Attached Unit Sales by Zip Code 2015
2016
ZIP
Total #
Per Mo
Ch in #/Mo
Avg$
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%
13
6.5
-50.9%
$180,555
-25.8%
$187.35
-17.6%
98226
143
11.9
3.6%
$188,899
-0.1%
$167.20
1.8%
17
8.5
-28.7%
$211,906
12.2%
$189.73
13.5%
98229
72
6.0
38.5%
$177,778
18.6%
$156.14
5.0%
11
5.5
-8.3%
$154,773
-12.9%
$152.80
-2.1%
98230
75
6.3
66.7%
$229,067
-15.8%
$213.08
7.9%
10
5.0
-20.0%
$123,450
-46.1%
$173.34
-18.7%
98244
14
1.2
7.7%
$31,243
8.5%
$44.41
-4.5%
3
1.5
28.6%
$84,983
172.0%
$105.61
137.8%
98247
4
0.3
300.0%
$277,275
22.1%
$151.89
-9.1%
1
0.5
50.0%
$320,000
15.4%
$180.38
18.8%
98248
14
1.2
600.0%
$157,473
76.4%
$129.67
41.0%
0
0.0
-100.0%
-
-
-
-
98262
1
0.1
0.0%
$150,000
7.1%
$88.24
8.2%
0
0.0
-100.0%
-
-
-
-
98264
53
4.4
17.8%
$190,821
-8.8%
$136.13
-7.0%
4
2.0
-54.7%
$181,850
-4.7%
$142.07
4.4%
98276
1
0.1
0.0%
$155,000
0.0%
$89.91
-25.5%
0
0.0
-100.0%
-
-
-
-
98281
1
0.1
0.0%
$250,000
85.2%
$237.87
85.2%
1
0.5
500.0%
$37,600
-85.0%
$47.00
-80.2%
98284
2
0.2
-
$259,580
-
$650.58
-
0
0.0
-100.0%
-
-
-
-
98295
1
0.1
0.0%
$146,000
21.7%
$95.93
22.8%
2
1.0
1100.0% $143,000
-2.1%
$104.55
9.0%
Vol XXVI • No 2 LAM@realestats.net • 360.798.4014
©1991-2016 REAL ESTATS INC All Rights Reserved
®
REAL ESTATS ≤
WHATCOM County Washington February 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
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%
7
3.5
-75%
$75,000
152
12.7
-21%
131
10.9
-14%
71
5.9
-46%
17
8.5
44%
$75,001
- $100,000
79
6.6
58%
79
6.6
0%
121
10.1
53%
9
4.5
-55%
$100,001
- $150,000
41
3.4
-16%
48
4.0
17%
64
5.3
33%
13
6.5
22%
$150,001
- $200,000
15
1.3
-6%
14
1.2
-7%
15
1.3
7%
3
1.5
20%
$200,001
- $300,000
12
1.0
71%
9
0.8
-25%
6
0.5
-33%
2
1.0
100%
$300,001
-
sky
4
0.3
33%
5
0.4
25%
6
0.5
20%
2
1.0
100%
TOTAL
634
52.8
-9%
573
47.8
-10%
449
37.4
-22%
53
26.5
-29%
Average Price:
$58,854
11%
$60,040
2%
$76,306
27%
$107,383
41%
% Avg Lot/Avg New Home
18.7%
0%
17.9%
-5%
21.3%
19%
30.5%
43%
Median Price:
$50,000
2%
$50,000
0%
$75,000
50%
$91,000
21%
% Median to Median
16.7%
-6%
16.0%
-4%
22.1%
38%
27.1%
23%
Subdivision Lot Sales by Size Year
2013
2014
Square Foot Ranges
# Sold
Average $
# Sold
% of Total
unknown
33
$78,092
1
0%
Land Condo Recreational
163
$16,057
177
- 5,000
91
$46,214
5,001 - 7,500
75
7,501 - 10,000
2015
2016
% Ch $
# Sold
% of Total
Average $
% Ch $
# Sold
% of Total
Average $
% Ch $
$30,000
-62%
0
0%
-
-
0
0%
-
-
31%
$14,147
-12%
92
20%
$15,328
8%
0
0%
-
-
49
9%
$55,276
20%
34
8%
$62,163
12%
4
8%
$58,063
-7%
$73,743
75
13%
$70,622
-4%
61
14%
$82,939
17%
6
11%
$75,042
-10%
123
$73,444
100
17%
$74,863
2%
114
25%
$80,691
8%
19
36%
$83,333
3%
10,001 - 15,000
98
$85,848
58
10%
$82,040
-4%
68
15%
$111,158
35%
9
17%
$107,478
-3%
15,001 - 43,559
51
$96,789
114
20%
$102,530
6%
80
18%
$111,510
9%
15
28%
$163,879
47%
Total
634
$58,854
574
$60,040
2%
449
$76,306
27%
53
$107,383
41%
Vol XXVI • No 2 www.realestats.net • 360.798.4014
Average $
©1991-2016 REAL ESTATS INC All Rights Reserved
®
REAL ESTATS ≤
WHATCOM County Washington February 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
Lots
2016 Lots
Monthly
Ch '16 vs '15
$1,900
- $50,000
30
2.5
50%
32
2.7
7%
14
1.2
-56%
1
0.5
-57%
$50,001
$75,000
27
2.3
-33%
27
2.3
0%
12
1.0
-56%
2
1.0
0%
$75,001
- $100,000
99
8.3
209%
25
2.1
-75%
34
2.8
36%
5
2.5
-12%
$100,001
- $150,000
46
3.8
64%
46
3.8
0%
50
4.2
9%
5
2.5
-40%
$150,001
- $200,000
21
1.8
24%
22
1.8
5%
30
2.5
36%
5
2.5
0%
$200,001
- $300,000
18
1.5
100%
9
0.8
-50%
20
1.7
122%
2
1.0
-40%
$300,001
-
sky
10
0.8
233%
4
0.3
-60%
11
0.9
175%
0
0.0
-100%
TOTAL
251
20.9
68%
165
13.8
-34%
171
14.3
4%
20
10.0
-30%
Average Price:
$118,612
12%
$115,386
-2.7%
$154,446
33.9%
$135,000
-12.6%
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%
$42,533
-23.4%
Vol XXVI • No 2 LAM@realestats.net • 360.798.4014
©1991-2016 REAL ESTATS INC All Rights Reserved
®
REAL ESTATS ≤
WHATCOM County Washington February 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%
94
-20.3%
95
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 2 www.realestats.net • 360.798.4014
©1991-2016 REAL ESTATS INC All Rights Reserved
®
REAL ESTATS ≤
WHATCOM County Washington February 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
79
-25.5%
63
-20.3%
62
-1.6%
69
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 2 LAM@realestats.net • 360.798.4014
©1991-2016 REAL ESTATS INC All Rights Reserved
®
REAL ESTATS ≤
WHATCOM County Washington February 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%
99
-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 2 www.realestats.net • 360.798.4014
©1991-2016 REAL ESTATS INC All Rights Reserved