Whatcom County Real Estate Statistics - January 2018 by BuyerMax

REAL ESTATS ≤

WHATCOM County Washington January 2018

%≈

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

Whatcom County Washington January 2018 with comparisons to past years © 1991-2018 Real Estats Inc, All Rights Reserved • Real Estats is a registered trademark To quote from Real Estats’ reports for distribution in any way, you must obtain rights to do so. Real Estats publishes reports in the following counties: Oregon Benton, Clackamas, Deschutes, Lane, Marion, Multnomah, Washington Washington Clark, King, Kitsap, Pierce, Skagit, Snohomish, Thurston, Whatcom

Data used: Recorded transactions from county records

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

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

REAL ESTATS ≤

WHATCOM County Washington January 2018

%≈

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

HIGHLIGHTS January 2018     

(vs. prior month)

Residential sales volume: down 19% Residential transactions: down 25% Existing home transactions: down 27% New home transactions: down 7% Attached units sold: down 10%

Year-to-date 2018      

(vs. Year-to-date 2017)

Residential transactions: down 5% to 235 Plexes (2-5 units) sales: up 241% to $3 million Land sales: up 78% to $10 million Commercial volume: up 167% to $18 million Average residence: $381,676, up 25%

Foreclosed Single Family Detached Sales      

Recorded in 2018 28 New Homes 155 Existing Homes 37 Condo/Townhomes

Residential sales volume: up 19% to $91 million

(vs. 2017)

3 sold monthly, down 37% Average sale price: $317,742, up 56% Average $/SF: $124.60, down 9% and 45% less than non-foreclosed sales 18 properties are in some state of foreclosure, down 40% from a year ago 1.3% of existing home sales were foreclosed properties 3 properties in foreclosure represent 1% of the homes for sale

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

Average sale price: $437,111, down 1%



Inventory represents 2.1 months of supply, a sellers’ market

Median sale price: $422,450, up 10% The average $/SF: $207.39, up 1% New homes represent 16% of volume and 15% of units recorded 28 sold vs. 29 sold last year, down 3%; volume: down 4% to $12 million Best range: $400,001 - $450,000 with 8 sales per month, up 60% from last year

1 home built 1971 was classified as existing though marked by county as new

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

REAL ESTATS ≤

%≈

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

HIGHLIGHTS

WHATCOM County Washington January 2018

(continued)

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

Units sold: down 1%; volume: up 23% to $63 million 155 units sold this year vs. 157 last year Average price: $406,083, up 25% Half the homes (median) sold for more than $347,000, up 17% Average $/SF for homes sold at $224.61 (all sales), up 17% Best range: $300,001 - $350,000 with 27 recorded monthly, down 40% from last year Inventory represents 2 months of supply, a sellers’ market

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

Average sale price: $296,300, up 46%; Median $236,900, up 10% Existing median: $181,750, down 13%; New median: $424,900, up 31% 37 sold vs. 39, down 5% (14% new, 5 units); volume: up 35% to $11 million Average $/SF, Existing: $217.69, unchanged from last year’s average Average $/SF, New: $274.31, down 2% Best range, existing: $69,500 - $175,000 with 12 monthly, down 30% from last year Existing inventory represents 1.9 months of supply, a strong sellers’ market Best range, new: Five ranges with 1 monthly - see table New inventory represents 6 months of supply, the neutral zone

Subdivisions (vs. 2017)       

The average lot sold for $149,547, up 38% Half the lots (median) sold for less than $86,000, down 11% 164 sold vs. 44.4 monthly last year, down 64% Best range: $50,001 - $75,000 with 5 recorded monthly, down 8% The average lot represents 25% of the average new home; 20.4% median to median 15 acreage lots sold monthly vs. 12 monthly last year, up 25% The average acreage lot sold for $148,483, down 12%; average/acre: $40,674, down 29%

Comments It will be a good year, pricewise, for housing in Whatcom County. While current inventory is low, it will increase in the months ahead. Interest rates will be increasing and it may have some impact particularly since the Federal Government will be borrowing close to a trillion dollars. All in all, 2018 will be a bit weaker with record prices.

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

REAL ESTATS ≤

WHATCOM County Washington January 2018

%≈

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

Top Subdivisions/Projects by Units Recorded Year-to-date Rank # 1

Subdivision/Project

Total Volume

Short Plat/LLA/Survey

$380,000

North Prairie

$1,812,688

$419,900

Average Price

Average $/SF

% Mkt $

$380,000

$144.38

3.0%

$319,000

$362,538

$197.67

15.2%

High Price Low Price

The Meadows

$1,408,400

$524,500

$424,900

$469,467

$201.15

9.1%

Malibu Estates

$1,344,000

$490,000

$419,000

$448,000

$165.38

9.1%

First to New Whatcom

$875,000

$480,000

$395,000

$437,500

$287.32

6.1%

Spring Vista

$815,025

$409,900

$405,125

$407,513

$231.32

6.1%

Semiahmoo Shore Condo

$1,150,000

$364.96

3.0%

Boundary Ridge

$750,000

$404.09

3.0%

Skyridge Condo

$749,500

$224.94

3.0%

Central to Fairhaven

$571,000

$219.87

3.0%

$1,150,000 $1,150,000 $1,150,000

Clearbrook

$544,900

$269.62

3.0%

The Greens @ Loomis Trail

$544,000

$170.00

3.0%

Bristol Heights

$490,000

$230.48

3.0%

Heron Crest

$469,000

$240.51

3.0%

Bertrand Creek Estates

$450,000

$173.88

3.0%

Pacific Highlands

$431,000

$178.99

3.0%

Fullner Estates

$425,000

$180.08

3.0%

Pioneer Terrace

$375,000

$137.01

3.0%

Birch Bay Village

$369,000

$218.21

3.0%

West Cordata Green South

$362,900

$343.66

3.0%

Bone Creek Meadows

$360,000

$138.20

3.0%

June Road Cottages

$339,900

$225.55

3.0%

Paradise Lakes

$250,000

$188.82

3.0%

TOTAL

$14,886,313 $1,150,000 $250,000

$451,100

$217.53

100.0%

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

REAL ESTATS ≤

WHATCOM County Washington January 2018

%≈

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

Top Subdivisions/Projects by Dollar Volume Recorded Year-to-date Rank $ 1

Subdivision/Project

Total Volume

Short Plat/LLA/Survey

$380,000

North Prairie

$1,812,688

$419,900

Average Price

Average $/SF

% Mkt $

$380,000

$144.38

2.5%

$319,000

$362,538

$197.67

11.9%

High Price Low Price

The Meadows

$1,408,400

$524,500

$424,900

$469,467

$201.15

9.2%

Malibu Estates

$1,344,000

$490,000

$419,000

$448,000

$165.38

8.8%

Semiahmoo Shore Condo

$1,150,000

$364.96

7.5%

First to New Whatcom

$875,000

$287.32

5.7%

$1,150,000 $1,150,000 $1,150,000 $480,000

$395,000

$437,500

Spring Vista

$815,025

$409,900

$405,125

$407,513

$231.32

5.3%

Boundary Ridge

$750,000

$404.09

4.9%

Skyridge Condo

$749,500

$224.94

4.9%

Central to Fairhaven

$571,000

$219.87

3.7%

Clearbrook

$544,900

$269.62

3.6%

The Greens @ Loomis Trail

$544,000

$170.00

3.6%

Bristol Heights

$490,000

$230.48

3.2%

Heron Crest

$469,000

$240.51

3.1%

Bertrand Creek Estates

$450,000

$173.88

2.9%

Pacific Highlands

$431,000

$178.99

2.8%

Fullner Estates

$425,000

$180.08

2.8%

Pioneer Terrace

$375,000

$137.01

2.5%

Birch Bay Village

$369,000

$218.21

2.4%

West Cordata Green South

$362,900

$343.66

2.4%

Bone Creek Meadows

$360,000

$138.20

2.4%

June Road Cottages

$339,900

$225.55

2.2%

Paradise Lakes

$250,000

$188.82

1.6%

TOTAL

$14,886,313 $1,150,000 $250,000

$451,100

$217.53

100.0%

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

REAL ESTATS ≤

WHATCOM County Washington January 2018

%≈

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

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

Seller

Total Volume

Average Price

Average $/SF

% Mkt $

Tyler Carlson Homes LLC

$925,000

$490,000

$435,000

$462,500

$149.43

6.1%

Larrabee Springs Inc

$815,025

Greenbriar Construction Corp

$684,900

$409,900

$405,125

$407,513

$231.32

6.1%

$350,000

$334,900

$342,450

$214.17

6.1%

Dbw Whatcom LLC

$1,150,000

$364.96

3.0%

Taylor John N & Terri A

$750,000

$404.09

3.0%

K & S Ents Llp

$749,500

Hummingbirds Nest Egg LLC

$571,000

$749,500

$224.94

3.0%

$571,000

$219.87

3.0%

AJW Builders

$544,900

$269.62

3.0%

Nevco Inc

$544,000

$170.00

3.0%

High Price Low Price

$1,150,000 $1,150,000 $1,150,000

Rubicon Idc LLC

$524,500

$194.26

3.0%

Nw Signature Homes LLC

$490,000

$230.48

3.0%

Tuttle Construction Inc

$480,000

$261.15

3.0%

Masons Houseworks Inc

$469,000

$240.51

3.0%

Frost Creek Investments LLC

$459,000

$196.74

3.0%

Heppner Construction LLC

$450,000

$173.88

3.0%

Pritam Homes LLC

$431,000

$178.99

3.0%

Gsl Investments LLC

$425,000

$180.08

3.0%

Sherlock Homes Dev LLC

$424,900

$212.45

3.0%

Maple Tree Construction Inc

$419,900

$199.19

3.0%

Custom Home Construction LLC

$419,000

$197.27

3.0%

Mjb Real Estate Inc

$395,000

$313.49

3.0%

J T Construction & Design LLC

$388,888

$178.31

3.0%

Mpnc Investments LLC

$380,000

$144.38

3.0%

Gorun Yuriy & Anna-maria

$375,000

$137.01

3.0%

Greeneway LLC

$369,000

$218.21

3.0%

Cordata Green LLC

$362,900

$343.66

3.0%

Pacific West Contracting LLC

$360,000

$138.20

3.0%

June Road North LLC

$339,900

$225.55

3.0%

Everkept Construction Inc

$319,000

$182.49

3.0%

Luashenko Vitaliy & Svetlana

$250,000

$188.82

3.0%

TOTAL

$15,266,313 $1,150,000 $250,000

$462,616

$217.53

100.0%

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

REAL ESTATS ≤

WHATCOM County Washington January 2018

%≈

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

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

Seller

Total Volume

High Price Low Price

Average Price

$1,150,000 $1,150,000 $1,150,000

Average $/SF

% Mkt $

Dbw Whatcom LLC

$1,150,000

$364.96

7.5%

Tyler Carlson Homes LLC

$925,000

$490,000

$435,000

$462,500

$149.43

6.1%

Larrabee Springs Inc

$815,025

$409,900

$405,125

$407,513

$231.32

5.3%

Taylor John N & Terri A

$750,000

$404.09

4.9%

K & S Ents Llp

$749,500

$224.94

4.9%

Greenbriar Construction Corp

$684,900

$350,000

$334,900

$342,450

$214.17

4.5%

Hummingbirds Nest Egg LLC

$571,000

$219.87

3.7%

AJW Builders

$544,900

$269.62

3.6%

Nevco Inc

$544,000

$170.00

3.6%

Rubicon Idc LLC

$524,500

$194.26

3.4%

Nw Signature Homes LLC

$490,000

$230.48

3.2%

Tuttle Construction Inc

$480,000

$261.15

3.1%

Masons Houseworks Inc

$469,000

$240.51

3.1%

Frost Creek Investments LLC

$459,000

$196.74

3.0%

Heppner Construction LLC

$450,000

$173.88

2.9%

Pritam Homes LLC

$431,000

$178.99

2.8%

Gsl Investments LLC

$425,000

$180.08

2.8%

Sherlock Homes Dev LLC

$424,900

$212.45

2.8%

Maple Tree Construction Inc

$419,900

$199.19

2.8%

Custom Home Construction LLC

$419,000

$197.27

2.7%

Mjb Real Estate Inc

$395,000

$313.49

2.6%

J T Construction & Design LLC

$388,888

$178.31

2.5%

Mpnc Investments LLC

$380,000

$144.38

2.5%

Gorun Yuriy & Anna-maria

$375,000

$137.01

2.5%

Greeneway LLC

$369,000

$218.21

2.4%

Cordata Green LLC

$362,900

$343.66

2.4%

Pacific West Contracting LLC

$360,000

$138.20

2.4%

June Road North LLC

$339,900

$225.55

2.2%

Everkept Construction Inc

$319,000

$182.49

2.1%

Luashenko Vitaliy & Svetlana

$250,000

$188.82

1.6%

TOTAL

$15,266,313 $1,150,000 $250,000

$462,616

$217.53

100.0%

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

REAL ESTATS ≤

WHATCOM County Washington January 2018

%≈

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

Bar Chart of Monthly Residential Sales 2012

2013

2014

2015

2016

2017

2018

550

500

450

400

350

300

250

200

150

100

50 Jan

Feb

Mar

Apr

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

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

REAL ESTATS ≤

%≈

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

WHATCOM County Washington January 2018

Average Monthly Price of Residential Recordings $400,000

Jan‘ 18 $381,676 A Record

$375,000

$350,000

$325,000

Oct ‘06 - $324,976

$300,000

$275,000

$250,000

$225,000

Feb ‘12 - $224,129

$200,000

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

REAL ESTATS ≤

%≈

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

WHATCOM County Washington January 2018

There are currently 552 residences for sale and since 235 sold in January, this represents 2.3 months of supply, up from last month. Inventory source: http://www.redfin.com/homepage

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

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

REAL ESTATS ≤

WHATCOM County Washington January 2018

%≈

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

REO SOLD

2013

2014

2015

2016

2017

2018

Month

% of All Sold

Jan

24.2%

10.9%

13.0%

5.7%

5.1%

1.3%

Feb

15.7%

13.4%

13.1%

4.6%

3.5%

Mar

9.8%

18.4%

11.9%

2.1%

3.5%

Apr

10.1%

12.7%

8.2%

2.2%

1.7%

May

8.5%

7.7%

4.9%

2.2%

1.2%

Jun

9.4%

7.8%

4.9%

2.0%

1.3%

Jul

6.7%

7.0%

2.2%

1.3%

2.2%

Aug

6.3%

4.0%

3.5%

0.6%

1.3%

Sep

6.7%

10.1%

4.0%

0.6%

2.4%

Oct

9.6%

5.8%

0.8%

2.6%

1.5%

Nov

11.2%

6.9%

3.8%

4.0%

0.4%

Dec

10.6%

10.0%

4.7%

4.6%

1.9%

Total

235

9.8%

230

9.1%

175

5.7%

2.3%

2.0%

1.3%

Change

Avg $/SF

$128.12

-2.5%

$133.45

4.2%

$126.20

-5.4%

$132.50

5.0%

$136.18

2.8%

$124.60

-8.5%

Average $

$193,616

-2.7%

$201,329

4.0%

$204,587

1.6%

$223,751

9.4%

$203,188

-9.2%

$317,742

56.4%

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

REAL ESTATS ≤

%≈

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

WHATCOM County Washington January 2018

Projections for 2018 By comparing January 2018 with January 2017: Overall unit sales dropped 5.2% and dollar volume increased 19.2% Existing single family recording decreased 1.3% New single family homes units sold went down 3.4% Prices improved by 24.5% while the dollars per square foot increased 16.6% For 2018, Real Estats projects recordings of: Single family existing - approximately 2,800 units New single family - 275 units plus or minus Values of properties will increase by double digits overall - near 16% 2018 will be a bit weaker than 2017 with record prices

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

REAL ESTATS ≤

WHATCOM County Washington January 2018

%≈

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

January Compared County Records

Jan '15

Ch '15 vs. '14

Jan '16

Ch '16 vs. '15

Jan '17

Ch '17 vs. '16

Jan '18

Ch '18 vs. '17

Existing Residences

$45,710,131

27.1%

$37,576,948

-17.8%

$51,017,136

35.8%

$62,942,825

23.4%

# In County

162

25.6%

122

-24.7%

157

28.7%

155

-1.3%

Largest

$830,000

-35.5%

$940,000

13.3%

$1,985,000

111.2%

$1,430,000

-28.0%

Average

$282,161

1.2%

$308,008

9.2%

$324,950

5.5%

$406,083

25.0%

Median

$265,000

12.8%

$280,000

5.7%

$296,000

5.7%

$347,000

17.2%

Average $/SF

$176.25

-3.2%

$175.11

-0.6%

$192.58

10.0%

$224.61

16.6%

New Construction

$6,698,400

60.6%

$4,109,583

-38.6%

$12,753,959

210.3%

$12,239,113

-4.0%

# In County

50.0%

-42.9%

141.7%

-3.4%

Largest

$580,000

36.5%

$540,100

-6.9%

$878,000

62.6%

$750,000

-14.6%

Average

$318,971

7.1%

$342,465

7.4%

$439,792

28.4%

$437,111

-0.6%

Median

$294,900

-3.8%

$330,000

11.9%

$385,000

16.7%

$422,450

9.7%

% Of $ New

12.8%

22.9%

9.9%

-22.9%

20.0%

102.9%

16.3%

-18.6%

% Of Units New

11.5%

17.2%

9.0%

-22.0%

15.6%

74.1%

15.3%

-1.9%

Condominiums

$3,705,366

-37.7%

$4,732,720

27.7%

$8,098,671

71.1%

$10,963,106

35.4%

# In County

-20.0%

45.0%

34.5%

-5.1%

Average

$185,268

-22.1%

$163,197

-11.9%

$207,658

27.2%

$296,300

42.7%

Mobile Homes

$1,251,843

-21.1%

$1,835,795

46.6%

$3,267,466

78.0%

$1,640,477

-49.8%

# in County

-27.3%

62.5%

53.8%

-50.0%

Plexes

$3,491,337

160.0%

$2,426,750

-30.5%

$819,042

-66.2%

$2,792,248

240.9%

# Buildings

100.0%

-25.0%

-50.0%

66.7%

Units

137.5%

-15.8%

-62.5%

133.3%

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

$183,755

9.5%

$151,672

-17.5%

$136,507

-10.0%

$199,446

46.1%

$60,857,077

24.2%

$50,681,796

-16.7%

$75,956,274

49.9%

$90,577,769

19.2%

219

19.7%

182

-16.9%

248

36.3%

235

-5.2%

$271,876

2.1%

$274,176

0.8%

$306,683

11.9%

$381,676

24.5%

$7,394,732

-6.6%

$6,310,781

-14.7%

$5,772,020

-8.5%

$10,254,000

77.7%

# In County

-12.1%

-19.6%

-2.4%

-7.5%

Largest

$700,000

-18.1%

$1,550,000

121.4%

$595,000

-61.6%

$3,500,000

488.2%

Average

$144,995

6.2%

$153,921

6.2%

$144,301

-6.3%

$277,135

92.1%

Commercial

$20,926,914

27.3%

$15,230,461

-27.2%

$6,609,875

-56.6%

$17,656,380

167.1%

# In County

-37.9%

5.6%

-47.4%

130.0%

Grand Total Volume

$89,178,723

21.6%

$72,223,038

-19.0%

$88,338,169

22.3%

$118,488,149

34.1%

Total # In County

288

6.7%

242

-16.0%

298

23.1%

295

-1.0%

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

REAL ESTATS ≤

WHATCOM County Washington January 2018

%≈

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

Existing Home Sales by Price Ranges 2014 Range of Prices -

Total #

Per Ch in Mo # Sld

2015

$/SF

Ch in $/SF

Total #

Per Ch in Mo # Sld

$/SF

2016 Ch in $/SF

Total #

Per Mo

Ch in # Sld

$/SF

Ch in $/SF

- $175,000

412

34.3

$132.08

7.2%

335

27.9 -19% $130.57 -1.1%

228

19.0

-32% $131.81

0.9%

$175,001 - $200,000

195

16.3

$163.54

7.9%

222

18.5 14%

$158.33 -3.2%

140

11.7

-37% $166.48

5.2%

$200,001 - $225,000

238

19.8

-2%

$172.41

1.1%

215

17.9 -10% $172.14 -0.2%

190

15.8

-12% $181.76

5.6%

$225,001 - $250,000

288

24.0

$175.48 -2.3%

333

27.8 16%

$179.51

2.3%

284

23.7

-15% $180.60

0.6%

$250,001 - $275,000

265

22.1 19%

$183.82

2.0%

322

26.8 22%

$180.27 -1.9%

300

25.0

-7%

$191.70

6.3%

$275,001 - $300,000

207

17.3

$181.38

0.7%

314

26.2 52%

$184.20

1.6%

294

24.5

-6%

$188.79

2.5%

$300,001 - $350,000

310

25.8 14%

$196.29

5.2%

431

35.9 39%

$190.80 -2.8%

525

43.8

22%

$197.56

3.5%

$350,001 - $400,000

186

15.5 10%

$207.89

5.6%

275

22.9 48%

$196.93 -5.3%

348

29.0

27%

$194.06 -1.5%

$400,001 - $450,000

120

10.0 -14% $224.73

2.6%

188

15.7 57%

$205.15 -8.7%

259

21.6

38%

$201.76 -1.7%

$450,001 - $500,000

7.0

$236.27

5.1%

129

10.8 54%

$213.31 -9.7%

155

12.9

20%

$208.11 -2.4%

$500,001 - $600,000

111

9.3

28%

$257.65

0.2%

116

9.7

$227.85 -11.6%

179

14.9

54%

$224.19 -1.6%

$600,001 - $700,000

4.5

$303.40

7.0%

4.8

$246.42 -18.8%

112

9.3

93%

$235.12 -4.6%

$700,001 - $800,000

1.9

-21% $320.55 -2.9%

2.9

52%

$257.19 -19.8%

4.4

51%

$233.03 -9.4%

$800,001 - $900,000

0.9

22%

2.4

164% $326.80 -2.5%

1.8

-28% $339.65

$900,001 - $1,000,000

1.2

600% $370.69 -21.1%

0.7

-43% $397.47

1.2

75%

1.8

69%

3.1

68%

$370.58 -11.6%

2.3

-24% $363.17 -2.0%

2,540 212

3,047 254

20%

$187.11 -1.2%

$1,000,001 -

Sky

Overall Total Median

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

$335.13

1.7%

$419.26 -0.2% $189.34

4.0%

$173.60

3.5%

$174.37

7.2%

0.4%

3,130 260.8

3.9%

$314.02 -21.0%

$194.40

3.9%

$182.64

4.7%

REAL ESTATS ≤

WHATCOM County Washington January 2018

%≈

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

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

2018

Total #

Per Mo

Ch in # Sld

$/SF

Ch in $/SF

Total Ch in Per Mo # # Sld

Inventory* $/SF

Ch in $/SF

# Months

$175,000

144

12.0

-37%

$135.91

3.1%

4.0

-67%

$120.93

-11.0%

2.3

$175,001

$200,000

6.7

-43%

$169.40

1.8%

8.0

20%

$138.77

-18.1%

0.4

$200,001

$225,000

8.2

-48%

$180.00

-1.0%

2.0

-76%

$199.05

10.6%

1.5

$225,001

$250,000

184

15.3

-35%

$207.18

14.7%

12.0

-22%

$172.86

-16.6%

0.4

$250,001

$275,000

238

19.8

-21%

$205.88

7.4%

12.0

-39%

$182.91

-11.2%

0.8

$275,001

$300,000

269

22.4

-9%

$199.63

5.7%

17.0

-24%

$229.45

14.9%

0.6

$300,001

$350,000

541

45.1

$218.69

10.7%

27.0

-40%

$232.92

6.5%

0.9

$350,001

$400,000

391

32.6

12%

$220.31

13.5%

23.0

-29%

$212.69

-3.5%

1.3

$400,001

$450,000

267

22.3

$224.14

11.1%

14.0

-37%

$201.04

-10.3%

2.6

$450,001

$500,000

180

15.0

16%

$222.44

6.9%

8.0

-47%

$285.45

28.3%

4.4

$500,001

$600,000

226

18.8

26%

$235.87

5.2%

10.0

-47%

$219.67

-6.9%

4.2

$600,001

$700,000

128

10.7

14%

$254.45

8.2%

5.0

-53%

$371.30

45.9%

5.6

$700,001

$800,000

5.3

19%

$262.37

12.6%

4.0

-24%

$387.93

47.9%

5.5

$800,001

$900,000

2.3

33%

$263.40

-22.4%

2.0

-14%

$274.70

4.3%

4.5

$900,001

- $1,000,000

1.0

-14%

$282.13

-10.2%

2.0

100%

$355.73

26.1%

3.0

3.8

61%

$349.82

-3.7%

5.0

33%

$301.56

-13.8%

6.2

-8%

$215.91

11.1%

155

155.0

-36%

$224.61

4.0%

303

2.0

$203.72

11.5%

$215.01

5.5%

*Date

2/16/18

$1,000,001 -

Sky

Overall Total

2,894 241.2

Median

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

REAL ESTATS ≤

WHATCOM County Washington January 2018

%≈

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

Existing Single Family Sales by Zip Code 2017 ZIP

Total #

Per Mo

98220

0.3

98225

399

33.3

98226

495

41.3

98229

540

45.0

98230

313

98240

Ch in #/Mo

2018 Ch in Avg $

$/SF

Ch Avg $/SF

Total #

Per Mo

Ch in #/Mo

Avg$

Ch in Avg $

$/SF

Ch Avg $/SF

-40.0% $332,300

3.3%

$174.94

4.2%

0.0

-100.0%

-11.7% $435,048

9.2%

$277.61 10.6%

30.0

-9.8%

$517,562

19.0% $302.41

8.9%

14.7% $221.35 11.0%

28.0

-32.1%

$468,111

6.7%

$234.43

5.9%

-15.0% $415,097

8.3%

$216.39 13.6%

30.0

-33.3%

$399,680

-3.7%

$205.49

-5.0%

26.1

-17.4% $362,265

11.8% $202.63 10.0%

11.0

-57.8%

$443,042

22.3% $199.25

-1.7%

1.9

-50.0% $382,863

2.0%

$212.54 14.0%

2.0

4.3%

$497,500

29.9% $195.13

-8.2%

98244

6.0

0.0%

$299,492

15.2% $201.66 19.2%

3.0

-50.0%

$220,490

-26.4% $115.14 -42.9%

98247

104

8.7

33.3%

$352,483

6.1%

$193.71

6.9%

0.0

-100.0%

98248

331

27.6

-14.0% $345,740

6.3%

$196.34

7.0%

18.0

-34.7%

$315,922

-8.6%

98262

2.5

20.0%

$395,525

14.9% $247.27

-3.9%

4.0

60.0%

$339,013

-14.3% $228.22

-7.7%

98264

334

27.8

12.5%

$372,898

12.6% $195.27 11.1%

12.0

-56.9%

$362,022

-2.9%

$193.03

-1.1%

98266

5.1

1.7%

$192,586

17.7% $138.57 14.2%

2.0

-60.7%

$118,750

-38.3%

$94.15

-32.1%

98276

2.2

-13.3% $279,731

7.1%

2.6%

1.0

-53.8%

$389,000

39.1% $202.60 20.5%

98281

3.5

-25.0% $335,769

33.8% $266.00 40.8%

2.0

-42.9%

$247,500

-26.3% $150.11 -43.6%

98284

6.9

16.9%

7.4%

$193.88 18.9%

3.0

-56.6%

$300,200

98295

3.2

-22.4% $298,615

15.6% $169.27 15.9%

9.0

184.2% $264,389

1.0%

Avg$

$438,599

$286,316

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

$168.11

4.8%

$217.12 10.6%

$198.87

2.6%

-11.5% $184.56

9.0%

REAL ESTATS ≤

WHATCOM County Washington January 2018

%≈

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

Existing Home Sales by Year Built 2016 Year Built

Average $/SF

Ch in $/SF

2017

Average Average Size $

# Sold

Average $/SF

Ch in $/SF

2018

Average # Average $ Size Sold

Average $/SF

Ch in $/SF

Average Average $ Size

# Sold

Before 1960

$232.74 10.0%

1,515

$330,310

700

$256.42 10.2%

1,535

$369,043

703

$260.91

1.7%

1,573

$394,021

1960's

$199.88

4.5%

1,766

$336,659

166

$210.15

5.1%

1,810

$350,200

146

$243.24 15.7%

2,689

$619,667

1970's

$181.40

4.6%

1,677

$295,677

495

$201.48 11.1%

1,722

$328,602

473

$242.76 20.5%

1,617

$361,886

1980's

$182.32

-3.7%

1,893

$333,881

221

$204.26 12.0%

1,840

$366,870

204

$180.97 -11.4%

1,972

$338,091

1990's

$185.97

3.8%

2,009

$367,180

581

$202.97

9.1%

2,070

$402,008

514

$185.17

-8.8%

2,199

$401,835

2000

$182.97

-1.0%

2,152

$382,711

$216.01 18.1%

2,086

$422,690

$246.55 14.1%

1,014

$250,000

2001

$191.87

-0.5%

2,085

$391,342

$222.40 15.9%

2,326

$537,612

$285.33 28.3%

1,125

$310,500

2002

$202.43

4.0%

2,284

$461,813

$202.46

0.0%

2,178

$431,062

$437.50 116.1%

640

$280,000

2003

$173.62

-1.3%

1,948

$334,002

$207.28 19.4%

2,200

$444,359

$147.52 -28.8%

2,820

$416,000

2004

$177.02

2.9%

2,167

$376,752

101

$198.04 11.9%

2,225

$449,763

$141.29 -28.7%

2,429

$329,167

2005

$168.65

-0.8%

2,118

$353,442

146

$196.24 16.4%

2,227

$434,165

104

$196.76

0.3%

1,801

$341,800

2006

$167.29

3.6%

2,320

$381,448

116

$181.12

8.3%

2,239

$397,823

111

$191.90

6.0%

2,257

$437,995

2007

$176.75

2.6%

2,449

$427,678

$195.97 10.9%

2,245

$437,858

$221.77 13.2%

2,275

$503,782

2008

$177.05

0.7%

2,321

$408,883

$197.38 11.5%

2,308

$426,575

$138.08 -30.0%

2,064

$285,000

2009

$187.15

-1.1%

1,981

$380,823

$201.02

7.4%

2,069

$417,312

$256.93 27.8%

5,039

$1,282,500

2010

$191.88 12.1%

1,914

$352,555

$217.84 13.5%

1,830

$393,155

$199.70

-8.3%

1,773

$354,500

2011

$185.27

7.0%

1,989

$370,359

$225.31 21.6%

2,064

$450,822

2012

$185.39

1.5%

2,036

$370,159

$214.22 15.6%

1,932

$413,932

2013

$196.57 11.9%

2,189

$419,383

$207.83

5.7%

1,962

$396,239

$340.09 63.6%

1,176

$399,950

2014

$195.47

2,046

$398,143

$201.52

3.1%

2,016

$389,331

$196.19

-2.6%

1,784

$350,000

$222.60

1,844

$407,209

$201.38

-9.5%

1,819

$370,250

$204.73

2,281

$453,284

2015

New Construction

2016

New Construction

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

New Construction

REAL ESTATS ≤

WHATCOM County Washington January 2018

%≈

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

New Single Family Sales by Price Ranges 2014 Range of Prices

Total Per Ch in # Mo # Sld

$/SF

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

2016

$/SF

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

$/SF

Ch in $/SF

- $200,000

0.5

$129.78 -0.5%

0.3 -50%

$150.70 16.1%

0.1

-67% $214.29 42.2%

$200,001

- $225,000

0.8 -18% $151.79 -3.0%

0.8

$145.57 -4.1%

0.3

-56% $140.26 -3.6%

$225,001

- $250,000

2.8 -23% $152.94 -2.1%

1.8 -36%

$159.91

4.6%

0.6

-67% $174.22

$250,001

- $275,000

2.8

-8%

$158.20 -2.2%

2.4 -15%

$164.26

3.8%

1.2

-52% $201.03 22.4%

$275,001

- $300,000

3.0

$168.02 10.1%

3.2

$165.55 -1.5%

2.8

-13% $203.84 23.1%

$300,001

- $350,000

5.7

11%

$160.18

4.0%

5.2

-9%

$181.64 13.4%

4.4

-15% $183.19

0.9%

$350,001

- $400,000

3.4

14%

$162.70 -3.8%

5.0

46%

$174.30

7.1%

3.7

-27% $185.37

6.4%

$400,001

- $450,000

1.8

50%

$188.06

0.6%

1.4 -19%

$179.40 -4.6%

3.6

153% $191.38

6.7%

$450,001

- $500,000

1.3

67%

$195.61

0.7%

2.0

$207.51

1.2

-42% $199.80 -3.7%

$500,001

- $600,000

0.8

80%

$190.08

8.8%

1.8 144% $216.39 13.8%

1.7

-9%

$222.07

$600,001

- $700,000

0.2 100% $196.77 19.5%

0.3 100% $228.05 15.9%

0.4

25%

$227.68 -0.2%

$700,001

- $800,000

0.2

0.4

150% $237.55 -7.2%

$800,001

- $900,000

0.0 -100%

$900,001

- $1,000,000

0.1

1 278

$1,000,001 -

Sky

Overall Total

2015

60%

$260.36

0.2

0.0

$305.00

0.1

$265.04

$166.40

3.4%

291

$161.17

0.9%

Median

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

6.1%

$255.91 -1.7%

8.9%

2.6%

0.3

$230.20

0.0 -100%

0.1

$214.12

0.0 -100%

0.2

$383.55

$179.07

7.6%

250

$173.13

7.4%

20.8 -14% $196.39

9.7%

$192.49 11.2%

REAL ESTATS ≤

WHATCOM County Washington January 2018

%≈

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

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

Total Ch in Per Mo # # Sld

2018 $/SF

Ch in $/SF

Total Ch in Per Mo # # Sld

Inventory* $/SF

Ch in $/SF

# Months

- $200,000

0.2

100%

$158.05

-26.2%

0.0

-100%

$200,001

- $225,000

0.2

-50%

$143.91

2.6%

0.0

-100%

$225,001

- $250,000

0.6

$171.93

-1.3%

1.0

71%

$188.82

9.8%

0.0

$250,001

- $275,000

0.4

-64%

$192.66

-4.2%

0.0

-100%

$275,001

- $300,000

2.2

-21%

$201.81

-1.0%

0.0

-100%

$300,001

- $350,000

4.5

$198.99

8.6%

3.0

-33%

$203.61

2.3%

0.0

$350,001

- $400,000

3.3

-9%

$201.44

8.7%

6.0

80%

$188.27

-6.5%

1.0

$400,001

- $450,000

5.0

40%

$198.00

3.5%

8.0

60%

$193.20

-2.4%

2.4

$450,001

- $500,000

2.9

150%

$197.00

-1.4%

5.0

71%

$214.84

9.1%

2.2

$500,001

- $600,000

3.4

105%

$230.46

3.8%

4.0

17%

$213.44

-7.4%

3.0

$600,001

- $700,000

1.3

200%

$237.85

4.5%

0.0

-100%

$700,001

- $800,000

0.5

20%

$196.53

-17.3%

1.0

100%

$404.09

105.6%

3.0

$800,001

- $900,000

0.3

$268.19

16.5%

0.0

-100%

$900,001

- $1,000,000

0.1

$269.57

25.9%

0.0

-100%

0.1

-50%

$250.96

-34.6%

0.0

-100%

299

24.9

20%

$205.30

4.5%

28.0

12%

$207.39

1.0%

2.1

$200.27

4.0%

$197.01

-1.6%

$1,000,001 -

Sky

Overall Total Median

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

*Date 2/16/18

REAL ESTATS ≤

WHATCOM County Washington January 2018

%≈

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

New Single Family Sales by Zip Code 2017

2018

ZIP

Total #

Per Mo

Ch in #/Mo

Avg$

Ch in Avg $

$/SF

Ch Avg $/SF

Total #

Per Mo

Ch in #/Mo

Avg$

Ch in Avg $

$/SF

Ch Avg $/SF

98225

0.6

-50.0%

$449,714

3.9%

$212.49

-8.2%

0.0

-100.0%

98226

4.3

-8.9%

$438,413

18.9% $225.13

6.5%

5.0

17.6%

$436,005

-0.5%

$253.55 12.6%

98229

3.8

36.4%

$576,258

14.6% $233.81

7.1%

2.0

-46.7%

$557,950

-3.2%

$244.74

4.7%

98230

3.3

29.0%

$438,732

14.4% $189.75

3.3%

7.0

110.0%

$483,857

10.3% $204.69

7.9%

98240

0.2

$385,500

$169.68

0.0

-100.0%

98244

0.2

$696,373

$238.84

0.0

-100.0%

98247

1.0

71.4%

$378,663

11.9% $195.86

9.4%

0.0

-100.0%

98248

5.9

24.6%

$409,468

14.1% $205.24

9.9%

5.0

-15.5%

$451,700

10.3% $189.50

-7.7%

98264

3.9

30.6%

$387,656

-8.0%

$195.24

9.6%

7.0

78.7%

$383,955

-1.0%

-1.8%

98266

0.8

350.0%

$219,531

1.6%

$161.91

5.9%

1.0

33.3%

$250,000

13.9% $188.82 16.6%

98276

0.2

-75.0%

$338,500

12.8% $164.16 15.1%

0.0

-100.0%

98284

0.2

0.0%

$319,950

-78.4% $178.56 -53.4%

0.0

-100.0%

98295

0.8

125.0%

$298,242

21.2% $138.36

1.0

33.3%

$360,000

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

-6.2%

$191.76

20.7% $138.20

-0.1%

REAL ESTATS ≤

WHATCOM County Washington January 2018

%≈

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

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

Total Per # Mo

2015

Ch in # Sld

$/SF

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

- $175,000

221

18.4

-1%

$139.48

5.1%

260

$175,001

- $200,000

4.0

$170.63

6.2%

$200,001

- $225,000

3.0

$225,001

- $250,000

1.9

$250,001

- $275,000

$275,001

- $300,000

$300,001

2016

$/SF

Ch in Total Per $/SF # Mo

Ch in # Sld

$/SF

Ch in $/SF

21.7 18%

$146.97 5.4%

294

24.5

13%

$161.12

9.6%

5.6

40%

$172.30 1.0%

6.6

18%

$182.62

6.0%

$173.17 -7.3%

3.8

25%

$185.78 7.3%

5.5

47%

$194.90

4.9%

-28%

$191.17 -3.0%

3.3

74%

$199.58 4.4%

4.3

30%

$199.28 -0.2%

1.5

20%

$191.33

2.2

44%

$203.92 6.6%

3.1

42%

$229.98 12.8%

1.7

54%

$229.87 17.9%

1.1

-35% $224.55 -2.3%

2.2

100% $274.82 22.4%

- $350,000

1.2

-22%

$236.05 14.2%

2.3

100% $219.05 -7.2%

2.3

-4%

$235.46

$350,001

- $400,000

1.1

-19%

$253.22 -15.3%

2.2

100% $310.95 22.8%

2.3

$265.53 -14.6%

$400,001

- $450,000

0.9

22%

$269.60 -7.4%

0.4

-55% $254.37 -5.6%

1.3

200% $273.89

$450,001

- $500,000

0.4

25%

$278.81 -3.7%

0.5

20%

$356.64 27.9%

0.4

-17%

$312.78 -12.3%

$500,001

- $600,000

0.4

$265.12 -21.7%

0.5

20%

$308.87 16.5%

0.6

17%

$314.12

$600,001

- $700,000

0.3

$348.40 -1.2%

0.4

67%

$385.74 10.7%

0.4

$700,001

- $800,000

0.2

4.5%

0.2

$421.50 0.4%

0.3

$800,001

- $900,000

0.0 -100%

0.1

$473.62

0.0 -100%

$900,001

- $1,000,000

0.0 -100%

0.0

0.3

0.1

0.0 -100%

422

35.2

$194.64

5.6%

$172.28

5.1%

$1,000,001 -

Sky

Overall Total

100% $419.85

200% $518.71 -8.2% -1%

Median Median Price

1.7%

$167,900

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

$173.96

2.2%

$155.99

6.5% -3.4%

531

-67% $786.38 51.6%

44.3 26%

$184.25 5.9%

644

53.7

6.6%

7.7%

1.7%

$335.26 -13.1%

100% $398.76 -5.4%

21%

$163.86 5.0% $179,000

7.5%

$183,100

2.3%

REAL ESTATS ≤

WHATCOM County Washington January 2018

%≈

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

Existing Condo/Attached Sales by Price Ranges with Inventory 2017 Range of Prices

2018

Inventory*

Total #

Per Mo

Ch in # Sld

$/SF

Ch in $/SF

Total #

Per Mo

Ch in # Sld

$/SF

Ch in $/SF

# Months

$175,000

206

17.2

-30%

$180.52

12.0%

12.0

-30%

$189.12

4.8%

1.1

$175,001

$200,000

6.8

$205.48

12.5%

5.0

-27%

$183.99

-10.5%

0.2

$200,001

$225,000

5.9

$219.93

12.8%

1.0

-83%

$194.64

-11.5%

6.0

$225,001

$250,000

5.1

17%

$221.55

11.2%

1.0

-80%

$178.12

-19.6%

10.0

$250,001

$275,000

2.9

-5%

$212.77

-7.5%

4.0

37%

$202.44

-4.9%

1.8

$275,001

$300,000

2.5

15%

$233.52

-15.0%

3.0

20%

$246.28

5.5%

2.3

$300,001

$350,000

4.3

89%

$237.37

0.8%

1.0

-76%

$341.10

43.7%

3.0

$350,001

$400,000

1.7

-26%

$288.28

8.6%

1.0

-40%

$278.92

-3.2%

5.0

$400,001

$450,000

1.6

27%

$287.64

5.0%

1.0

-37%

$190.19

-33.9%

0.0

$450,001

$500,000

0.8

100%

$275.43

-11.9%

0.0

-100%

$500,001

$600,000

1.3

114%

$316.94

0.9%

1.0

-20%

$258.50

-18.4%

1.0

$600,001

$700,000

0.6

40%

$344.04

2.6%

1.0

71%

$442.70

28.7%

2.0

$700,001

$800,000

0.2

-50%

$381.16

-4.4%

1.0

500%

$343.90

-9.8%

2.0

$800,001

$900,000

0.0

$900,001

- $1,000,000

0.1

$484.83

0.0

-100%

0.2

$691.56

0.0

-100%

612

51.0

-5%

$218.14

12.1%

32.0

-37%

$217.69

-0.2%

1.9

$204.53

18.7%

$194.65

-4.8%

$1,000,001 -

Sky

Overall Total Median Median Price

$210,000

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

14.7%

$181,750

*Date 2/16/18

-13.5%

REAL ESTATS ≤

WHATCOM County Washington January 2018

%≈

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

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

Total Per Ch in # Mo # Sld

- $175,000

0.3 -67%

$175,001

- $200,000

0.0 -100%

$200,001

- $225,000

0.1

$225,001

- $250,000

$250,001

2015

$/SF

Ch in $/SF

$/SF

Ch in $/SF

Total #

Per Ch in Mo # Sld

$/SF

Ch in $/SF

0.0 -100%

0.3

$344.61

0.0

$145.86 -62.2%

0.0 -100%

0.0

0.2 100% $267.68 -37.5%

0.2

$161.06 -39.8%

0.1 -50% $183.97 14.2%

- $275,000

0.1

$208.83

6.2%

0.3 200% $183.43 -12.2%

0.2 -33% $246.16 34.2%

$275,001

- $300,000

0.1

$298.94

0.0 -100%

0.7

$300,001

- $350,000

0.2

$284.86

0.3

1.3 433% $220.60 42.0%

$350,001

- $400,000

0.3 200% $277.21 130.5%

0.0 -100%

0.0

$400,001

- $450,000

0.0

0.2

$261.49

$450,001

- $500,000

0.1

0.2 100% $306.60 51.9%

$500,001

- $600,000

0.0

$600,001

- $700,000

0.0

$700,001

- $800,000

0.1

0.0 -100%

0.1

$181.60

$800,001

- $900,000

0.0

$900,001

- $1,000,000

0.0

0.3

$518.71

0.0 -100%

0.1

$409.24

1.5

$319.19

8.7%

0.8 -50%

3.0 300% $243.87 42.5%

$1,000,001 -

Sky

Overall Total

Median Median Price

$271.31 -18.0%

Total Per Ch in # Mo # Sld

2016

$318.71 191.5%

$466.29 37.8%

50%

$291.09 -17.3% $319,250

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

81.1%

$155.36 -45.5%

$201.85 -36.7%

$171.15 -46.4%

$183.26 -37.0% $270,000

-15.4%

$226.57

$232.07 26.6% $304,950

12.9%

REAL ESTATS ≤

WHATCOM County Washington January 2018

%≈

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

New Condo/Attached Sales by Price Ranges with Inventory 2017 Range of Prices

2018

Inventory*

Total #

Per Mo

Ch in # Sld

$/SF

Ch in $/SF

Total #

Per Mo

Ch in # Sld

$/SF

Ch in $/SF

# Months

$175,000

0.1

-67%

$584.32

69.6%

0.0

-100%

$175,001

$200,000

0.1

$146.77

0.0

-100%

$200,001

$225,000

0.0

$225,001

$250,000

0.2

100%

$408.98

122.3%

0.0

-100%

$250,001

$275,000

0.2

$253.12

2.8%

0.0

-100%

$275,001

$300,000

1.1

63%

$254.04

12.1%

0.0

-100%

$300,001

$350,000

1.3

$244.48

10.8%

1.0

-25%

$225.55

-7.7%

1.0

$350,001

$400,000

0.1

$235.46

1.0

1100%

$343.66

45.9%

4.0

$400,001

$450,000

0.1

-50%

$140.28

-46.4%

1.0

1100%

$212.45

51.4%

1.0

$450,001

$500,000

0.0

-100%

0.0

$500,001

$600,000

0.0

$600,001

$700,000

0.1

$263.01

0.0

-100%

$700,001

$800,000

0.2

100%

$346.50

90.8%

1.0

500%

$224.94

-35.1%

10.0

$800,001

$900,000

0.3

$391.36

0.0

-100%

$900,001

$1,000,000

0.1

$407.20

0.0

-100%

$1,000,001

Sky

0.2

100%

$375.03

-8.4%

1.0

500%

$364.96

-2.7%

3.0

3.8

28%

$281.14

15.3%

5.0

30%

$274.31

-2.4%

6.0

$248.90

7.3%

$225.55

-9.4%

*Date

2/16/18

Overall Total Median Median Price

$324,020

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

6.3%

$424,900

31.1%

REAL ESTATS ≤

WHATCOM County Washington January 2018

%≈

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

All Condo/Attached Unit Sales by Zip Code 2017 ZIP

Total #

Per Mo

Ch in #/Mo

98225

161

13.4

0.0%

98226

186

15.5

98229

98230

2018 Ch Avg $/SF

Total #

Per Mo

Ch in #/Mo

Avg$

Ch in Avg $

$/SF

Ch Avg $/SF

$302,601 17.9% $271.26

14.5%

12.0

-10.6%

$279,534

-7.6%

$250.05

-7.8%

-10.6%

$242,001 10.6% $213.22

15.2%

10.0

-35.5%

$351,300

45.2%

$226.87

6.4%

5.8

-18.8%

$210,137 26.9% $190.84

24.3%

1.0

-82.6%

$144,900 -31.0% $146.66

119

9.9

35.2%

$257,302 18.0% $227.77

9.7%

6.0

-39.5%

$287,833

11.9%

$235.93

3.6%

98244

1.1

-38.1%

$86,915

15.4%

1.0

-7.7%

$113,500

30.6%

$140.99

7.4%

98247

0.8

11.1%

$257,610

5.6%

$174.60

11.4%

0.0

-100.0%

98248

1.8

31.3%

$183,009

6.9%

$182.38

4.2%

1.0

-42.9%

98264

5.4

6.6%

$238,641 11.8% $178.17

13.1%

0.0

-100.0%

98266

0.2

$196,000

$157.39

0.0

-100.0%

98276

0.1

$179,900

$140.00

0.0

-100.0%

98281

0.2

-33.3%

$299,000 120.1% $280.88

106.2%

0.0

-100.0%

98284

0.4

-61.5%

$231,245

$488.92

-16.2%

6.0

1340.0% $280,900

21.5%

$192.10

-60.7%

98295

0.3

-50.0%

$155,875 16.7% $125.88

28.0%

0.0

-100.0%

Avg$

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

Ch in Avg $

$/SF

43.9% $131.34

3.3%

$424,900 132.2% $212.45

-23.1%

16.5%

REAL ESTATS ≤

WHATCOM County Washington January 2018

%≈

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

Subdivision Lot Sales 2015

Less than an acre Lot Price Range $1,000

$50,001

Lots

2016

Ch '15 Monthly vs '14

2017

Ch '16 Monthly vs '15

Lots

2018

Ch '17 Monthly vs '16

Lots

Ch '18 Monthly vs '17

$50,000

166

13.8

-42%

5.9

-57%

8.0

35%

2.0

-75%

$75,000

5.9

-46%

8.3

39%

5.4

-34%

5.0

-8%

$75,001

- $100,000

121

10.1

53%

108

9.0

-11%

160

13.3

48%

2.0

-85%

$100,001

- $150,000

5.3

33%

6.7

25%

126

10.5

58%

1.0

-90%

$150,001

- $200,000

1.3

2.6

107%

3.8

45%

3.0

-20%

$200,001

- $300,000

0.5

-33%

1.3

167%

2.2

63%

2.0

-8%

$300,001

sky

0.5

20%

0.7

33%

1.3

88%

1.0

-20%

TOTAL

449

37.4

-22%

413

34.4

-8%

533

44.4

29%

16.0

-64%

Average Price:

$76,306

27%

$100,574

32%

$108,009

$149,547

38%

% Avg Lot/Avg New Home

21.3%

19%

25.2%

18%

25.0%

34.2%

37%

Median Price:

$75,000

50%

$85,750

14%

$96,500

13%

$86,000

-11%

% Median to Median

22.1%

38%

23.6%

23.0%

-2%

20.4%

-12%

Subdivision Lot Sales by Size Year Square Foot Ranges

2015 # % of Sold Total

2016

Average # % of % Ch $ $ Sold Total

2017

Average # % of % Ch $ $ Sold Total

2017

Average # % of % Ch $ $ Sold Total

Average % Ch $ $

unknown

Land Condo Recreational

20%

$15,328

$32,545

112%

$17,503

-46%

$10,000

-43%

- 5,000

$62,163

12%

$95,812

54%

$125,228

31%

5,001 - 7,500

14%

$82,939

17%

16%

$91,238

10%

119

22%

$91,907

13%

$58,750

-36%

7,501 - 10,000

114

25%

$80,691

103

25%

$86,989

139

26%

$109,600

26%

13%

$180,000

64%

10,001 - 15,000

15%

$111,158

35%

22%

$101,152

-9%

16%

$132,750

31%

19%

$114,000

-14%

15,001 - 43,559

18%

$111,510

105

25%

$142,678

28%

18%

$142,491

50%

$195,406

37%

$76,306

27%

413

$100,574

32%

533

$108,009

$149,547

38%

Total

449

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

REAL ESTATS ≤

WHATCOM County Washington January 2018

%≈

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

Acreage Lot Sales 1 - 20 Acres Lot Price Range

Lots

2015

2016

2017

Ch '15 Monthly vs '14

Ch '16 Monthly vs '15

Ch '17 Monthly vs '16

Lots

2018 Lots

Monthly

Ch '18 vs '17

$1,900

- $50,000

1.2

-56%

0.9

-21%

1.1

18%

1.0

-8%

$50,001

$75,000

1.0

-56%

2.3

125%

0.9

-59%

4.0

336%

$75,001

- $100,000

2.8

36%

2.8

-3%

2.3

-18%

0.0

-100%

$100,001

- $150,000

4.2

3.6

-14%

2.7

-26%

1.0

-63%

$150,001

- $200,000

2.5

36%

2.8

10%

2.2

-21%

5.0

131%

$200,001

- $300,000

1.7

122%

1.3

-25%

1.8

40%

4.0

129%

$300,001

sky

0.9

175%

0.4

-55%

1.2

180%

0.0

-100%

TOTAL

171

14.3

167

13.9

-2%

144

12.0

-14%

15.0

25%

Average Price:

$154,446

33.9%

$132,469

-14.2%

$169,368

27.9%

$148,483

-12.3%

Median Price:

$126,756

26.8%

$110,500

-12.8%

$136,667

23.7%

$160,000

17.1%

Average $/Acre

$55,526

22.1%

$43,821

-21.1%

$56,873

29.8%

$40,674

-28.5%

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

REAL ESTATS ≤

WHATCOM County Washington January 2018

%≈

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

Four Years Compared 2006 - 2009 County Records

2006

Ch '06 vs '05

2007

Ch '07 vs '06

2008

Ch '08 vs '07

2009

Ch '09 vs '08

Existing Residences

$911,644,785

-17.7%

$846,054,785

-7.2%

$617,979,243

-27.0%

$587,580,543

-4.9%

# In County

2,969

-22.8%

2,535

-14.6%

1,897

-25.2%

1,935

2.0%

Largest

$3,043,000

20.5%

$3,071,545

0.9%

$3,300,000

7.4%

$2,500,000

-24.2%

Average

$307,054

6.7%

$333,749

8.7%

$325,767

-2.4%

$303,659

-6.8%

Median

$268,500

7.4%

$285,000

6.1%

$276,780

-2.9%

$260,000

-6.1%

Average $/SF

$206.64

10.1%

$211.13

2.2%

$215.49

2.1%

$175.28

-18.7%

New Construction

$192,379,432

-25.5%

$175,375,234

-8.8%

$123,701,994

-29.5%

$75,421,415

-39.0%

# In County

556

-33.1%

479

-13.8%

361

-24.6%

245

-32.1%

Largest

$2,216,875

70.5%

$1,610,491

-27.4%

$1,480,000

-8.1%

$892,600

-39.7%

Average

$346,006

11.4%

$366,128

5.8%

$342,665

-6.4%

$307,843

-10.2%

Median

$310,000

11.6%

$329,879

6.4%

$304,750

-7.6%

$267,800

-12.1%

% Of $ New

17.4%

-7.8%

17.2%

-1.5%

16.7%

-2.9%

11.4%

-31.8%

% Of Units New

15.8%

-11.2%

15.9%

0.8%

16.0%

0.6%

11.2%

-29.7%

Condominiums

$161,230,231

29.0%

$168,549,777

4.5%

$120,349,205

-28.6%

$77,539,724

-35.6%

# In County

711

9.0%

743

4.5%

525

-29.3%

374

-28.8%

Average

$226,765

18.3%

$226,850

0.0%

$229,237

1.1%

$207,325

-9.6%

Mobile Homes

$50,762,683

-14.8%

$46,541,310

-8.3%

$36,770,893

-21.0%

$32,032,455

-12.9%

# in County

278

-29.6%

278

0.0%

223

-19.8%

217

-2.7%

Plexes

$35,175,592

7.8%

$36,275,761

3.1%

$28,402,744

-21.7%

$23,473,415

-17.4%

# Buildings

1.1%

106

11.6%

-25.5%

-20.3%

Units

241

-4.0%

270

12.0%

181

-33.0%

139

-23.2%

Average Unit

$145,957

12.2%

$134,355

-7.9%

$156,921

16.8%

$168,873

7.6%

Total Volume (Residential)

$1,351,192,722

-14.6%

$1,272,796,867

-5.8%

$927,204,079

-27.2%

$796,047,552

-14.1%

# In County

4,609

-20.8%

4,141

-10.2%

3,085

-25.5%

2,834

-8.1%

Average Res'l Unit (No Plexes)

$291,541

7.7%

$306,449

5.1%

$299,002

-2.4%

$278,807

-6.8%

Land

$114,659,334

-43.1%

$121,759,878

6.2%

$167,876,356

37.9%

$70,758,335

-57.9%

# In County

487

-55.9%

616

26.5%

517

-16.1%

428

-17.2%

Largest

$3,762,500

-52.7%

$4,200,000

11.6%

$48,069,884

1044.5%

$4,000,000

-91.7%

Average

$235,440

28.9%

$197,662

-16.0%

$324,712

64.3%

$165,323

-49.1%

Commercial

$299,496,347

6.2%

$255,482,131

-14.7%

$194,522,930

-23.9%

$114,038,389

-41.4%

# In County

249

-19.7%

238

-4.4%

228

-4.2%

175

-23.2%

Grand Total Volume

$1,765,348,403

-14.6%

$1,650,038,876

-6.5%

$1,289,603,365

-21.8%

$980,844,276

-23.9%

Total # In County

5,345

-26.1%

4,995

-6.5%

3,830

-23.3%

3,437

-10.3%

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

REAL ESTATS ≤

WHATCOM County Washington January 2018

%≈

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

Four Years Compared 2010 - 2013 County Records

2010

Ch '10 vs '09

2011

Ch '11 vs '10

2012

Ch '12 vs '11

2013

Ch '13 vs '12

Existing Residences

$539,488,701

-8.2%

$514,295,127

-4.7%

$611,296,175

18.9%

$706,598,404

15.6%

# In County

1,820

-5.9%

1,800

-1.1%

2,110

17.2%

2,395

13.5%

Largest

$1,846,400

-26.1%

$2,500,000

35.4%

$1,950,000

-22.0%

$2,100,000

7.7%

Average

$296,422

-2.4%

$285,720

-3.6%

$289,714

1.4%

$295,031

1.8%

Median

$258,000

-0.8%

$248,000

-3.9%

$250,000

0.8%

$258,500

3.4%

Average $/SF

$187.35

6.9%

$174.65

-6.8%

$177.01

1.4%

$182.03

2.8%

New Construction

$50,524,649

-33.0%

$46,734,041

-7.5%

$64,084,494

37.1%

$81,004,098

26.4%

# In County

181

-26.1%

170

-6.1%

226

32.9%

258

14.2%

Largest

$875,000

-2.0%

$515,000

-41.1%

$580,000

12.6%

$836,000

44.1%

Average

$279,142

-9.3%

$274,906

-1.5%

$283,560

3.1%

$313,969

10.7%

Median

$259,000

-3.3%

$262,000

1.2%

$274,300

4.7%

$299,975

9.4%

% Of $ New

8.6%

-24.7%

8.3%

-2.7%

9.5%

13.9%

10.3%

8.4%

% Of Units New

9.0%

-19.5%

8.6%

-4.6%

9.7%

12.1%

9.7%

0.5%

Condominiums

$81,304,210

4.9%

$59,075,263

-27.3%

$76,887,086

30.2%

$93,986,611

22.2%

# In County

336

-10.2%

288

-14.3%

388

34.7%

445

14.7%

Average

$241,977

16.7%

$205,122

-15.2%

$198,163

-3.4%

$211,206

6.6%

Mobile Homes

$28,691,992

-10.4%

$23,937,011

-16.6%

$23,220,796

-3.0%

$32,472,604

39.8%

# in County

217

0.0%

198

-8.8%

203

2.5%

248

22.2%

Plexes

$25,156,061

7.2%

$22,607,351

-10.1%

$40,010,844

77.0%

$37,473,955

-6.3%

# Buildings

-1.6%

11.3%

109

58.0%

106

-2.8%

Units

151

8.6%

166

9.9%

266

60.2%

259

-2.6%

Average Unit

$166,596

-1.3%

$136,189

-18.3%

$150,417

10.4%

$144,687

-3.8%

Total Volume (Residential)

$725,165,613

-8.9%

$666,648,793

-8.1%

$815,499,395

22.3%

$951,535,672

16.7%

# In County

2,616

-7.7%

2,525

-3.5%

3,036

20.2%

3,452

13.7%

Average Res'l Unit (No Plexes)

$274,084

-1.7%

$262,232

-4.3%

$264,943

1.0%

$273,180

3.1%

Land

$61,340,402

-13.3%

$102,877,358

67.7%

$82,723,422

-19.6%

$88,690,078

7.2%

# In County

510

19.2%

641

25.7%

647

0.9%

742

14.7%

Largest

$1,300,000

-67.5%

$20,550,626

1480.8%

$3,700,000

-82.0%

$5,880,000

58.9%

Average

$120,275

-27.2%

$160,495

33.4%

$127,857

-20.3%

$119,528

-6.5%

Commercial

$134,987,746

18.4%

$140,312,862

3.9%

$367,068,179

161.6%

$208,833,146

-43.1%

# In County

162

-7.4%

175

8.0%

242

38.3%

273

12.8%

Grand Total Volume

$921,493,761

-6.1%

$909,839,013

-1.3%

$1,265,290,996

39.1%

$1,249,058,896

-1.3%

Total # In County

3,288

-4.3%

3,341

1.6%

3,925

17.5%

4,467

13.8%

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

REAL ESTATS ≤

WHATCOM County Washington January 2018

%≈

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

Four Years Compared 2014 - 2017 County Records

2014

Ch '14 vs '13

2015

Ch '15 vs '14

2016

Ch '16 vs '15

2017

Ch '17 vs '16

Existing Residences

$769,282,842

8.9%

$985,118,552

28.1%

$1,092,648,409

10.9%

$1,115,344,322

2.1%

# In County

2,540

6.1%

3,047

20.0%

3,130

2.7%

2,894

-7.5%

Largest

$2,250,000

7.1%

$3,000,000

33.3%

$2,150,000

-28.3%

$3,000,000

39.5%

Average

$302,867

2.7%

$323,308

6.7%

$349,089

8.0%

$385,399

10.4%

Median

$264,750

2.4%

$283,000

6.9%

$314,500

11.1%

$342,000

8.7%

Average $/SF

$189.34

4.0%

$187.11

-1.2%

$194.40

3.9%

$215.91

11.1%

New Construction

$93,323,419

15.2%

$104,097,795

11.5%

$99,972,266

-4.0%

$128,964,630

29.0%

# In County

278

7.8%

291

4.7%

250

-14.1%

299

19.6%

Largest

$1,040,000

24.4%

$789,500

-24.1%

$1,704,658

115.9%

$1,017,886

-40.3%

Average

$335,696

6.9%

$357,724

6.6%

$399,889

11.8%

$431,320

7.9%

Median

$313,200

4.4%

$339,900

8.5%

$363,500

6.9%

$419,000

15.3%

% Of $ New

10.8%

5.2%

9.6%

-11.7%

8.4%

-12.3%

10.4%

23.6%

% Of Units New

9.9%

1.4%

8.7%

-11.6%

7.4%

-15.2%

9.4%

26.6%

Condominiums

$92,763,926

-1.3%

$110,763,184

19.4%

$145,056,488

31.0%

$164,859,763

13.7%

# In County

440

-1.1%

540

22.7%

677

25.4%

658

-2.8%

Average

$210,827

-0.2%

$205,117

-2.7%

$214,264

4.5%

$250,547

16.9%

Mobile Homes

$33,405,722

2.9%

$38,350,906

14.8%

$47,186,387

23.0%

$52,591,170

11.5%

# in County

250

0.8%

260

4.0%

269

3.5%

303

12.6%

Plexes

$38,610,751

3.0%

$37,936,514

-1.7%

$30,258,826

-20.2%

$33,192,471

9.7%

# Buildings

104

-1.9%

-4.8%

-26.3%

4.1%

Units

265

2.3%

240

-9.4%

182

-24.2%

202

11.0%

Average Unit

$145,701

0.7%

$158,069

8.5%

$166,257

5.2%

$164,319

-1.2%

Total Volume (Residential)

$1,027,386,660

8.0%

$1,276,266,951

24.2%

$1,415,122,376

10.9%

$1,494,952,356

5.6%

# In County

3,612

4.6%

4,237

17.3%

4,399

3.8%

4,230

-3.8%

Average Res'l Unit (No Plexes)

$281,863

3.2%

$299,258

6.2%

$320,126

7.0%

$351,892

9.9%

Land

$76,498,856

-13.7%

$76,788,205

0.4%

$93,144,151

21.3%

$102,791,094

10.4%

# In County

703

-5.3%

630

-10.4%

601

-4.6%

690

14.8%

Largest

$3,100,000

-47.3%

$1,600,000

-48.4%

$3,493,925

118.4%

$1,526,000

-56.3%

Average

$108,818

-9.0%

$121,886

12.0%

$154,982

27.2%

$148,973

-3.9%

Commercial

$452,602,455

116.7%

$282,640,836

-37.6%

$217,750,885

-23.0%

$263,649,853

21.1%

# In County

273

0.0%

237

-13.2%

214

-9.7%

193

-9.8%

Grand Total Volume

$1,556,487,971

24.6%

$1,635,695,992

5.1%

$1,726,017,412

5.5%

$1,861,393,303

7.8%

Total # In County

4,588

2.7%

5,104

11.2%

5,214

2.2%

5,113

-1.9%

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