January 2016 REAL ESTATS

Page 1

®

REAL ESTATS ≤

WHATCOM County Washington January 2016

%≈

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

Whatcom County Washington January 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 1 www.realestats.net • 360.798.4014

©1991-2016 REAL ESTATS INC All Rights Reserved


®

REAL ESTATS ≤

WHATCOM County Washington January 2016

%≈

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

HIGHLIGHTS January 2016     

(vs. prior month)

Residential sales volume: down 49% Residential transactions: down 44% Existing home transactions: down 49% New home transactions: down 28% Attached units sold: down 34%

Year-to-date 2016      

Residential sales volume: down 17% to $51 million Residential transactions: down 17% to 182 Plexes (2-5 units) sales: down 31% to $2.4 million Land sales: down 15% to $6 million

13 New Single Family Detached 85 Existing Homes 3 Condos and Townhomes

Commercial volume: down 27% to $15 million Average residence: $274,176, up 1%

Foreclosed Single Family Detached Sales      

Sold in 2016

(vs. Year-to-date 2015)

(vs. 2015)

5 sold monthly, down 66% Average sale price: $184,845, up 2% Average $/SF: $94.35, down 19% and 41% less than non-foreclosed sales 84 properties are in some state of foreclosure, down 39% from a year ago 5.9% of existing home sales were foreclosed properties 25 properties in foreclosure represent 5% of the homes for sale

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

Average sale price: $340,737, up 7% Median sale price: $330,000, down 12% The average $/SF: $174.42, down 3% New homes represent 11% of volume and 10% of units recorded 13 sold vs. 21 sold last year, down 38%; volume: down 34% to $4 million Best range: $300,001 - $350,000 with 5 sales Inventory represents a six plus month supply, a buyers’ market

No homes with years’ built before 2015 were classified as existing though marked by county as new. Vol XXVI • No 1 LAM@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

HIGHLIGHTS

WHATCOM County Washington January 2016

(continued)

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

Units sold: down 25%; volume: down 19% to $37 million 121 units sold this year vs. 162 last year Average price: $307,909, up 9% Half the homes (median) sold for more than $280,000, up 6% Average $/SF for homes sold at $175.16 (all sales), down 1% Best range: $300,001 - $350,000 with 19 recorded Inventory represents a four month supply, the neutral zone

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

Average sale price: $163,197, down 12%; Median $140,000, down 22% Existing median: $140,000, down 22%; New median: NA 29 sold vs. 20, up 45% (None new); volume: up 28% to $4.7 million Average $/SF, Existing: $170.25, down 8% from last year’s average Average $/SF, New: NA Best range, existing: $35,000 - $175,000 with 9 monthly Existing inventory represents almost a four month supply, still a sellers’ market Best range, new: NA New Inventory represents an infinite supply, since none sold

Subdivisions (vs. 2015)       

The average lot sold for $103,090, up 35% Half the lots (median) sold for less than $92,000, up 23% 32 sold vs. 37.4 monthly last year, down 22% Best range: $50,001 - $75,000 with 9 recorded The average lot represents 30.3% of the average new home; 27.9% median to median 8 acreage lots sold monthly vs. 14.3 monthly last year, down 44% The average acreage lot sold for $128,063, down 17%

Comments This January proved significantly weaker than last January. See the projections page. While the Pugest Sound market is very strong, little is spreading north of Snohomish. The strong dollar continues to keep Canadians away. The good news is that interest rates are likely to remain historically low. With the year off to a weak start, the market will be flat at best with firm to higher prices.

Vol XXVI • No 1 www.realestats.net • 360.798.4014

©1991-2016 REAL ESTATS INC All Rights Reserved


®

REAL ESTATS ≤

WHATCOM County Washington January 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

2

$695,000

$415,000

$280,000

$347,500

$192.79

15.4%

1

Liberty Park

2

$744,000

$375,000

$369,000

$372,000

$187.71

15.4%

2

North Shore Estates

1

$540,100

$540,100

$540,100

$540,100

$183.33

7.7%

3

Belmont

1

$338,900

$338,900

$338,900

$338,900

$226.08

7.7%

4

Sudden Valley

1

$332,000

$332,000

$332,000

$332,000

$138.16

7.7%

5

Pacific Highlands

1

$330,000

$330,000

$330,000

$330,000

$194.81

7.7%

6

Maple Ridge

1

$320,000

$320,000

$320,000

$320,000

$169.22

7.7%

7

Gill

1

$313,683

$313,683

$313,683

$313,683

$133.77

7.7%

8

Rusnak Long

1

$280,000

$280,000

$280,000

$280,000

$140.21

7.7%

9

North Prairie

1

$269,900

$269,900

$269,900

$269,900

$153.09

7.7%

10

Anderson Park

1

$266,000

$266,000

$266,000

$266,000

$167.82

7.7%

TOTAL

13

$3,734,583

$540,100

$266,000

$287,276

$174.42

100.0%

High Price Low Price

Top Subdivisions/Projects by Dollar Volume Recorded Year-to-date Average Price

Average $/SF

% Mkt $

$280,000

$347,500

$192.79

15.7%

$375,000

$369,000

$372,000

$187.71

16.8%

$540,100

$540,100

$540,100

$183.33

12.2%

$338,900

$338,900

$338,900

$338,900

$226.08

7.7%

$332,000

$332,000

$332,000

$332,000

$138.16

7.5%

Subdivision/Project

#

Total Volume

Short Plat/Lot Line Adj

2

$695,000

$415,000

1

Liberty Park

2

$744,000

2

North Shore Estates

1

$540,100

3

Belmont

1

4

Sudden Valley

1

5

Pacific Highlands

1

$330,000

$330,000

$330,000

$330,000

$194.81

7.4%

6

Maple Ridge

1

$320,000

$320,000

$320,000

$320,000

$169.22

7.2%

7

Gill

1

$313,683

$313,683

$313,683

$313,683

$133.77

7.1%

8

Rusnak Long

1

$280,000

$280,000

$280,000

$280,000

$140.21

6.3%

9

North Prairie

1

$269,900

$269,900

$269,900

$269,900

$153.09

6.1%

10

Anderson Park

1

$266,000

$266,000

$266,000

$266,000

$167.82

6.0%

TOTAL

13

$3,734,583

$540,100

$266,000

$287,276

$174.42

100.0%

Rank $

Vol XXVI • No 1 LAM@realestats.net • 360.798.4014

High Price Low Price

©1991-2016 REAL ESTATS INC All Rights Reserved


®

REAL ESTATS ≤

WHATCOM County Washington January 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

Life Giving Investment Team

1

$375,000

3

Roosendaal Honcoop Inc

1

$369,000

4

Greenbriar Construction Corp

1

5

Savchuk Sergey & Svetlana

6 7 8

Average Price

Average $/SF

% Mkt $

$415,000

$477,550

$177.09

15.4%

$375,000

$375,000

$375,000

$180.90

7.7%

$369,000

$369,000

$369,000

$194.52

7.7%

$338,900

$338,900

$338,900

$338,900

$226.08

7.7%

1

$332,000

$332,000

$332,000

$332,000

$138.16

7.7%

Pacific Highlands LLC

1

$330,000

$330,000

$330,000

$330,000

$194.81

7.7%

Kamphouse Kent & Heidi

1

$320,000

$320,000

$320,000

$320,000

$169.22

7.7%

Summit View Construction NW LLC

1

$313,683

$313,683

$313,683

$313,683

$133.77

7.7%

9

Bellingham Central LLC

1

$280,000

$280,000

$280,000

$280,000

$214.72

7.7%

10

Henry Larry W & Michele J

1

$280,000

$280,000

$280,000

$280,000

$140.21

7.7%

11

Everkept Construction Inc

1

$269,900

$269,900

$269,900

$269,900

$153.09

7.7%

12

Moore Paul E & Oryx B

1

$266,000

$266,000

$266,000

$266,000

$167.82

7.7%

TOTAL

13

$4,429,583

$540,100

$266,000

$340,737

$174.42

100.0%

High Price Low Price

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

Seller

#

Total Volume

1

Rubicon Idc LLC

2

$955,100

$540,100

2

Life Giving Investment Team

1

$375,000

3

Roosendaal Honcoop Inc

1

$369,000

4

Greenbriar Construction Corp

1

$338,900

$338,900

$338,900

$338,900

$226.08

7.7%

5

Savchuk Sergey & Svetlana

1

$332,000

$332,000

$332,000

$332,000

$138.16

7.5%

6

Pacific Highlands LLC

1

$330,000

$330,000

$330,000

$330,000

$194.81

7.4%

7

Kamphouse Kent & Heidi

1

$320,000

$320,000

$320,000

$320,000

$169.22

7.2%

8

Summit View Construction NW LLC

1

$313,683

$313,683

$313,683

$313,683

$133.77

7.1%

9

Henry Larry W & Michele J

1

$280,000

$280,000

$280,000

$280,000

$140.21

6.3%

10

Bellingham Central LLC

1

$280,000

$280,000

$280,000

$280,000

$214.72

6.3%

11

Everkept Construction Inc

1

$269,900

$269,900

$269,900

$269,900

$153.09

6.1%

12

Moore Paul E & Oryx B

1

$266,000

$266,000

$266,000

$266,000

$167.82

6.0%

TOTAL

13

$4,429,583

$540,100

$266,000

$340,737

$174.42

100.0%

Vol XXVI • No 1 LAM@realestats.net • 360.798.4014

Average Price

Average $/SF

% Mkt $

$415,000

$477,550

$177.09

21.6%

$375,000

$375,000

$375,000

$180.90

8.5%

$369,000

$369,000

$369,000

$194.52

8.3%

High Price Low Price

©1991-2016 REAL ESTATS INC All Rights Reserved


®

REAL ESTATS ≤

WHATCOM County Washington January 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

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May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

©1991-2016 REAL ESTATS INC All Rights Reserved


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REAL ESTATS ≤

%≈

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

WHATCOM County Washington January 2016

Average Monthly Price of Residential Recordings $350,000

$325,000

Oct ‘06 - $324,976

$300,000

$275,000 Jan ‘16 $274,176

$250,000

$225,000

Feb ‘12 - $224,129

$200,000

Vol XXVI • No 1 www.realestats.net • 360.798.4014

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REAL ESTATS ≤

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

WHATCOM County Washington January 2016

There are currently 747 residences for sale, which represents 4.1 months of supply, since 182 sold in January. This market is in the neutral zone, up from last month. Inventory source: http://www.redfin.com/homepage

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

Vol XXVI • No 1 LAM@realestats.net • 360.798.4014

©1991-2016 REAL ESTATS INC All Rights Reserved


®

REAL ESTATS ≤

WHATCOM County Washington January 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%

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%

6

5.0%

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%

$111.17 -11.9%

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%

$218,506

Vol XXVI • No 1 www.realestats.net • 360.798.4014

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©1991-2016 REAL ESTATS INC All Rights Reserved


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REAL ESTATS ≤

%≈

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

WHATCOM County Washington January 2016

Projections for 2016 Overall sales were down by units and dollars recorded from last January which indicates flat to lower sales for 2016. Existing values increased while the dollars per square foot dropped. Real Estats expects sales of existing single family homes to record close to 3,000 units this year. New single family detached could record 290 units. Overall residential sales will be flat with higher prices.

Vol XXVI • No 1 LAM@realestats.net • 360.798.4014

©1991-2016 REAL ESTATS INC All Rights Reserved


®

REAL ESTATS ≤

WHATCOM County Washington January 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 1 www.realestats.net • 360.798.4014

©1991-2016 REAL ESTATS INC All Rights Reserved


®

REAL ESTATS ≤

WHATCOM County Washington January 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 1 www.realestats.net • 360.798.4014

$167.74

©1991-2016 REAL ESTATS INC All Rights Reserved


®

REAL ESTATS ≤

WHATCOM County Washington January 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

17

17.0

-39%

$102.41

-21.6%

28

1.6

$175,001 - $200,000

7

7.0

-62%

$151.44

-4.3%

19

2.7

$200,001 - $225,000

8

8.0

-55%

$186.87

8.6%

32

4.0

$225,001 - $250,000

14

14.0

-50%

$170.73

-4.9%

32

2.3

$250,001 - $275,000

12

12.0

-55%

$182.91

1.5%

25

2.1

$275,001 - $300,000

13

13.0

-50%

$161.13

-12.5%

25

1.9

$300,001 - $350,000

19

19.0

-47%

$186.53

-2.2%

41

2.2

$350,001 - $400,000

6

6.0

-74%

$187.02

-5.0%

56

9.3

$400,001 - $450,000

11

11.0

-30%

$174.51

-14.9%

27

2.5

$450,001 - $500,000

2

2.0

-81%

$247.68

16.1%

32

16.0

$500,001 - $600,000

6

6.0

-38%

$236.18

3.7%

48

8.0

$600,001 - $700,000

3

3.0

-38%

$209.22

-15.1%

42

14.0

$700,001 - $800,000

1

1.0

-66%

$184.75

-28.2%

23

23.0

$800,001 - $900,000

1

1.0

-59%

$266.41

-18.5%

12

12.0

$900,001 - $1,000,000

1

1.0

50%

$641.64

61.4%

5

5.0

0

0.0

-100%

-

-

42

-

$175.16

-6.4%

489

4.0

$165.78

-4.9%

*Date

2/18/16

-

- $175,000

$1,000,001 -

Sky

Overall Total Median

Vol XXVI • No 1 LAM@realestats.net • 360.798.4014

121

121.0 -52%

©1991-2016 REAL ESTATS INC All Rights Reserved


®

REAL ESTATS ≤

WHATCOM County Washington January 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%

17

17.0

-52.4%

$307,637

-12.2% $224.60

-4.1%

23.0%

$356,427

1.7%

$196.67

-2.4%

24

24.0

-47.3%

$403,352

13.2% $193.41

-1.7%

49.4

19.3%

$354,052

8.9%

$189.20

-3.5%

25

25.0

-49.4%

$302,879

-14.5% $159.82 -15.5%

322

26.8

22.0%

$313,968

9.6%

$173.98

5.9%

11

11.0

-59.0%

$259,682

-17.3% $148.97 -14.4%

98240

33

2.8

17.9%

$320,558

12.1% $158.65 -12.7%

3

3.0

9.1%

$324,500

1.2%

$164.13

3.5%

98244

52

4.3

-1.9%

$242,138

12.0% $164.74

-5.7%

5

5.0

15.4%

$227,200

-6.2%

$149.01

-9.6%

98247

92

7.7

41.5%

$300,620

14.0% $169.93

4.2%

6

6.0

-21.7%

$264,825

-11.9% $159.62

-6.1%

98248

385

32.1

40.5%

$287,988

3.7%

$173.73

3.1%

9

9.0

-71.9%

$333,133

15.7% $185.69

6.9%

98262

23

1.9

-8.0%

$388,663

8.5%

$256.15 -15.4%

3

3.0

56.5%

$360,000

-7.4%

$177.36 -30.8%

98264

354

29.5

38.8%

$311,323

10.6% $167.57

5.1%

11

11.0

-62.7%

$299,073

-3.9%

$178.11

6.3%

98266

60

5.0

87.5%

$167,557

48.3% $115.02 22.5%

2

2.0

-60.0%

$125,250

-25.2% $119.40

3.8%

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%

1

1.0

-77.4%

$70,000

-72.7%

$72.46

-61.1%

98284

53

4.4

0.0%

$235,940

19.7% $161.49

9.7%

3

3.0

-32.1%

$116,492

-50.6%

$98.42

-39.1%

98295

26

2.2

-29.7%

$219,869

8.5%

-7.6%

1

1.0

-53.8%

$181,750

-17.3% $136.04

Vol XXVI • No 1 www.realestats.net • 360.798.4014

Ch in Avg $

$/SF

$130.99

$135.83

Ch Avg $/SF

0.0%

0.2%

©1991-2016 REAL ESTATS INC All Rights Reserved


®

REAL ESTATS ≤

WHATCOM County Washington January 2016

%≈

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

Existing Home Sales by Year Built 2014 Year Built

Average $/SF

Ch in $/SF

Before 1960

$210.33

3.5%

1,330

1960's

$198.70 -8.2%

1970's

$175.57

1980's

2015

Average Average Size $

# Sold

Average $/SF

Ch in $/SF

$273,913

668

$211.56

0.6%

1,470

1,423

$270,636

158

$191.31 -3.7%

4.4%

1,462

$252,869

398

$192.53

3.6%

1,701

$318,046

1990's

$180.40

5.4%

1,802

2000

$191.60

7.9%

2001

$199.51

2002

2016

Average Average Size $

# Sold

Average $/SF

Ch in $/SF

$297,754

785

$227.96

7.8%

1,633

$290,900

142

$173.36 -1.3%

1,614

$274,556

179

$189.32 -1.7%

1,804

$319,646

490

$179.22 -0.7%

1,906

$344,988

49

7.1%

1,883

$383,975

$180.91

5.3%

1,687

2003

$180.72

1.5%

2004

Average Average $ Size

# Sold

1,538

$316,663

25

$129.23 -32.5%

1,504

$192,715

5

482

$160.03

-7.7%

1,630

$252,395

30

$332,303

209

$148.84 -21.4%

2,009

$299,714

11

1,962

$350,087

559

$174.12

-2.8%

1,892

$324,447

19

$184.77 -3.6%

1,795

$311,432

58

$187.01

1.2%

1,891

$353,950

2

55

$192.74 -3.4%

1,897

$375,662

56

$193.82

0.6%

2,599

$515,125

4

$291,404

45

$194.60

7.6%

2,028

$392,881

76

$159.16 -18.2%

2,532

$419,000

3

2,039

$372,380

61

$175.92 -2.7%

2,018

$348,955

82

$ 99.43 -43.5%

1,056

$105,000

1

$180.82 10.9%

1,952

$358,282

87

$172.04 -4.9%

2,031

$350,831

97

$136.33 -20.8%

2,502

$331,125

4

2005

$179.81 10.7%

1,924

$339,762

99

$170.01 -5.4%

2,094

$351,434

129

$151.94 -10.6%

1,893

$286,875

4

2006

$164.29

2,065

$338,798

79

$161.55 -1.7%

2,269

$357,215

93

$171.66

6.3%

1,554

$261,833

3

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

-

-

-

-

0

2009

$168.61

8.6%

2,151

$362,909

16

$189.30 12.3%

2,126

$421,957

29

-

-

-

-

0

2010

$175.14

0.0%

1,981

$344,355

20

$171.12 -2.3%

1,942

$321,324

17

-

-

-

-

0

2011

$192.14 24.5%

2,268

$479,056

18

$173.11 -9.9%

1,889

$322,596

22

-

-

-

-

0

2012

$180.17

1,941

$353,309

22

$182.67

1.4%

1,855

$341,948

30

$164.19 -10.1%

2,561

$423,825

4

$175.75

-

2,086

$364,200

44

$223.60 27.2%

1,780

$398,000

1

$167.13

2,631

$431,800

3

2.3%

-

2013

New Construction

2014

New Construction

Vol XXVI • No 1 LAM@realestats.net • 360.798.4014

New Construction

-

©1991-2016 REAL ESTATS INC All Rights Reserved


®

REAL ESTATS ≤

WHATCOM County Washington January 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 1 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 January 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%

-

-

1

-

$225,001

- $250,000

0

0.0

-100%

-

-

2

-

$250,001

- $275,000

2

2.0

-17%

$160.46

-2.3%

7

3.5

$275,001

- $300,000

2

2.0

-37%

$177.47

7.2%

5

2.5

$300,001

- $350,000

5

5.0

-3%

$172.41

-5.1%

12

2.4

$350,001

- $400,000

2

2.0

-60%

$187.71

7.7%

12

6.0

$400,001

- $450,000

1

1.0

-29%

$170.85

-4.8%

11

11.0

$450,001

- $500,000

0

0.0

-100%

-

-

12

-

$500,001

- $600,000

1

1.0

-45%

$183.33

-15.3%

10

10.0

$600,001

- $700,000

0

0.0

-100%

-

-

4

-

$700,001

- $800,000

0

0.0

-100%

-

-

2

-

$800,001

- $900,000

0

0.0

-

-

-

1

-

$900,001

- $1,000,000

0

0.0

-

-

-

3

-

0

0.0

-

-

-

2

-

13

13.0

-46%

$174.42

-2.6%

84

6.5

$170.85

-1.3%

*Date

2/18/16

$1,000,001 -

Sky

Overall Total Median

Vol XXVI • No 1 LAM@realestats.net • 360.798.4014

©1991-2016 REAL ESTATS INC All Rights Reserved


®

REAL ESTATS ≤

WHATCOM County Washington January 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

1.0

9.1%

$415,000

-4.0%

98226

59

4.9

-9.2%

$363,288

3.5%

$188.59

5.1%

1

1.0

-79.7%

$540,100

48.7% $183.33

98229

43

3.6

26.5%

$445,256

8.7%

$214.71

9.8%

2

2.0

-44.2%

$335,450

-24.7% $182.12 -15.2%

98230

44

3.7

37.5%

$335,141

4.5%

$158.14

4.2%

1

1.0

-72.7%

$266,000

-20.6% $167.82

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%

2

2.0

300.0%

$300,000

98248

73

6.1

-9.9%

$325,450

6.8%

$172.77 18.3%

4

4.0

-34.2%

$338,500

98264

35

2.9

6.1%

$361,166

7.2%

$169.42

9.5%

1

1.0

-65.7%

$269,900

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%

1

1.0

33.3%

$313,683

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 1 www.realestats.net • 360.798.4014

-

$/SF

$310.99

20.5% $128.68

Ch Avg $/SF

-

$/SF

Ch Avg $/SF

$170.85 -19.0%

-

-2.8%

6.1%

-

-13.1% $191.97 21.6%

4.0%

$177.61

2.8%

-25.3% $153.09

-9.6%

-

-

12.3% $133.77

-

-2.3%

©1991-2016 REAL ESTATS INC All Rights Reserved


®

REAL ESTATS ≤

WHATCOM County Washington January 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 1 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 January 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

19

19.0

-12%

$159.23

8.3%

51

2.7

$175,001

-

$200,000

2

2.0

-64%

$105.41

-38.8%

9

4.5

$200,001

-

$225,000

2

2.0

-47%

$227.08

22.2%

12

6.0

$225,001

-

$250,000

2

2.0

-40%

$186.62

-6.5%

5

2.5

$250,001

-

$275,000

2

2.0

-8%

$208.72

2.4%

5

2.5

$275,001

-

$300,000

0

0.0

-100%

-

-

7

-

$300,001

-

$350,000

1

1.0

-57%

$188.25

-14.1%

5

5.0

$350,001

-

$400,000

1

1.0

-54%

$267.92

-13.8%

5

5.0

$400,001

-

$450,000

0

0.0

-100%

-

-

3

-

$450,001

-

$500,000

0

0.0

-100%

-

-

5

-

$500,001

-

$600,000

0

0.0

-100%

-

-

2

-

$600,001

-

$700,000

0

0.0

-100%

-

-

2

-

$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

-

29

29.0

-34%

$170.25

-7.6%

111

3.8

$163.04

-0.5%

Overall Total Median Median Price

Vol XXVI • No 1 www.realestats.net • 360.798.4014

$140,000

*Date 2/18/16

-21.8%

©1991-2016 REAL ESTATS INC All Rights Reserved


®

REAL ESTATS ≤

WHATCOM County Washington January 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 1 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 January 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%

-

-

2

-

$275,001

-

$300,000

0

0.0

-

-

-

4

-

$300,001

-

$350,000

0

0.0

-100%

-

-

1

-

$350,001

-

$400,000

0

0.0

-

-

-

0

-

$400,001

-

$450,000

0

0.0

-

-

-

3

-

$450,001

-

$500,000

0

0.0

-100%

-

-

1

-

$500,001

-

$600,000

0

0.0

-

-

-

0

-

$600,001

-

$700,000

0

0.0

-

-

-

4

-

$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

-

0

0.0

-100%

$370.95

116.7%

16

-

-

-

Overall Total Median Median Price

Vol XXVI • No 1 www.realestats.net • 360.798.4014

NA

*Date 2/18/16

-

©1991-2016 REAL ESTATS INC All Rights Reserved


®

REAL ESTATS ≤

WHATCOM County Washington January 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%

7

7.0

-47.2%

$198,031

-18.6%

$183.52

-19.3%

98226

143

11.9

3.6%

$188,899

-0.1%

$167.20

1.8%

8

8.0

-32.9%

$172,438

-8.7%

$163.48

-2.2%

98229

72

6.0

38.5%

$177,778

18.6%

$156.14

5.0%

6

6.0

0.0%

$146,500

-17.6%

$154.47

-1.1%

98230

75

6.3

66.7%

$229,067

-15.8%

$213.08

7.9%

7

7.0

12.0%

$135,571

-40.8%

$186.67

-12.4%

98244

14

1.2

7.7%

$31,243

8.5%

$44.41

-4.5%

0

0.0

-100.0%

-

-

-

-

98247

4

0.3

300.0%

$277,275

22.1%

$151.89

-9.1%

0

0.0

-100.0%

-

-

-

-

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%

0

0.0

-100.0%

-

-

-

-

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%

0

0.0

-100.0%

-

-

-

-

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%

1

1.0

1100.0% $139,000

-4.8%

$111.29

16.0%

Vol XXVI • No 1 LAM@realestats.net • 360.798.4014

©1991-2016 REAL ESTATS INC All Rights Reserved


®

REAL ESTATS ≤

WHATCOM County Washington January 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%

5

5.0

-64%

$75,000

152

12.7

-21%

131

10.9

-14%

71

5.9

-46%

9

9.0

52%

$75,001

- $100,000

79

6.6

58%

79

6.6

0%

121

10.1

53%

7

7.0

-31%

$100,001

- $150,000

41

3.4

-16%

48

4.0

17%

64

5.3

33%

8

8.0

50%

$150,001

- $200,000

15

1.3

-6%

14

1.2

-7%

15

1.3

7%

2

2.0

60%

$200,001

- $300,000

12

1.0

71%

9

0.8

-25%

6

0.5

-33%

1

1.0

100%

$300,001

-

sky

4

0.3

33%

5

0.4

25%

6

0.5

20%

0

0.0

-100%

TOTAL

634

52.8

-9%

573

47.8

-10%

449

37.4

-22%

32

32.0

-14%

Average Price:

$58,854

11%

$60,040

2%

$76,306

27%

$103,090

35%

% Avg Lot/Avg New Home

18.7%

0%

17.9%

-5%

21.3%

19%

30.3%

42%

Median Price:

$50,000

2%

$50,000

0%

$75,000

50%

$92,000

23%

% Median to Median

16.7%

-6%

16.0%

-4%

22.1%

38%

27.9%

26%

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%

3

9%

$58,083

-7%

$73,743

75

13%

$70,622

-4%

61

14%

$82,939

17%

4

13%

$75,063

-9%

123

$73,444

100

17%

$74,863

2%

114

25%

$80,691

8%

12

38%

$79,458

-2%

10,001 - 15,000

98

$85,848

58

10%

$82,040

-4%

68

15%

$111,158

35%

4

13%

$101,925

-8%

15,001 - 43,559

51

$96,789

114

20%

$102,530

6%

80

18%

$111,510

9%

9

28%

$162,576

46%

Total

634

$58,854

574

$60,040

2%

449

$76,306

27%

32

$103,090

35%

Vol XXVI • No 1 www.realestats.net • 360.798.4014

Average $

©1991-2016 REAL ESTATS INC All Rights Reserved


®

REAL ESTATS ≤

WHATCOM County Washington January 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

1.0

-14%

$50,001

$75,000

27

2.3

-33%

27

2.3

0%

12

1.0

-56%

0

0.0

-100%

$75,001

- $100,000

99

8.3

209%

25

2.1

-75%

34

2.8

36%

2

2.0

-29%

$100,001

- $150,000

46

3.8

64%

46

3.8

0%

50

4.2

9%

3

3.0

-28%

$150,001

- $200,000

21

1.8

24%

22

1.8

5%

30

2.5

36%

2

2.0

-20%

$200,001

- $300,000

18

1.5

100%

9

0.8

-50%

20

1.7

122%

0

0.0

-100%

$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%

8

8.0

-44%

Average Price:

$118,612

12%

$115,386

-2.7%

$154,446

33.9%

$128,063

-17.1%

Median Price:

$80,548

-11%

$100,000

24.1%

$126,756

26.8%

$140,000

10.4%

Average $/Acre

$43,379

16%

$45,461

4.8%

$55,526

22.1%

$38,393

-30.9%

Vol XXVI • No 1 LAM@realestats.net • 360.798.4014

©1991-2016 REAL ESTATS INC All Rights Reserved


®

REAL ESTATS ≤

WHATCOM County Washington January 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 1 www.realestats.net • 360.798.4014

©1991-2016 REAL ESTATS INC All Rights Reserved


®

REAL ESTATS ≤

WHATCOM County Washington January 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 1 LAM@realestats.net • 360.798.4014

©1991-2016 REAL ESTATS INC All Rights Reserved


®

REAL ESTATS ≤

WHATCOM County Washington January 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 1 www.realestats.net • 360.798.4014

©1991-2016 REAL ESTATS INC All Rights Reserved


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