Whatcom County Real Estate Statistics - February 2018 by BuyerMax

REAL ESTATS ≤

WHATCOM County Washington February 2018

%≈

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

Whatcom County Washington February 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 2 www.realestats.net • 360.798.4014

REAL ESTATS ≤

WHATCOM County Washington February 2018

%≈

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

HIGHLIGHTS February 2018     

(vs. prior month)

Residential sales volume: up 22% Residential transactions: up 22% Existing home transactions: up 15% New home transactions: up 4% Attached units sold: up 16%

Year-to-date 2018      

(vs. Year-to-date 2017)

Residential sales volume: up 33% to $201 million Residential transactions: up 15% to 522 Plexes (2-5 units) sales: up 345% to $6 million Land sales: up 134% to $20 million Commercial volume: up 227% to $43 million Average residence: $381,391, up 13%

Foreclosed Single Family Detached Sales      

Recorded in 2018 55 New Homes 335 Existing Homes 80 Condo/Townhomes

(vs. 2017)

1.5 sold monthly, down 68% (None in Feb) Average sale price: $317,742, up 56% Average $/SF: $124.60, down 9% and 45% less than non-foreclosed sales 21 properties are in some state of foreclosure, down 22% from a year ago 0.9% 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: $425,908, up 3%



Inventory represents a 2.4 month supply, a sellers’ market

Median sale price: $419,900, up 19% The average $/SF: $206.53, up 1% New homes represent 14% of volume and 14% of units recorded 55 sold vs. 44 sold last year, up 25%; volume: up 28% to $23 million Best range: $400,001 - $450,000 with 7.5 sales per month, up 50% from last year

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

Vol XXVIII • No 2 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 February 2018

(continued)

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

Units sold: up 11%; volume: up 29% to $140 million 335 units sold this year vs. 301 last year Average price: $419,389, up 16% Half the homes (median) sold for more than $360,000, up 14% Average $/SF for homes sold at $223.70 (all sales), up 11% Best range: $300,001 - $350,000 with 30 recorded monthly, down 33% from last year Inventory represents a 1.7 month supply, a strong sellers’ market

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

Average sale price: $309,199, up 26%; Median $255,000, up 19% Existing median: $225,000, up 7%; New median: $352,900, up 9% 80 sold vs. 70, up 14% (13% new, 10 units); volume: up 44% to $25 million Average $/SF, Existing: $231.32, up 6% from last year’s average Average $/SF, New: $262.99, down 7% Best range, existing: $69,500 - $175,000 with 12.5 monthly, down 27% from last year Existing inventory represents a 1.5 month supply, a strong sellers’ market Best range, new: $350,001 - $400,000 with 1.5 monthly, up 1700% from last year New inventory represents a 5.8 month supply, the neutral zone

Subdivisions (vs. 2017)       

The average lot sold for $93,164, down 14% Half the lots (median) sold for less than $82,975, down 14% 36 sold vs. 44.4 monthly last year, down 19% Best range: $75,001 - $100,000 with 12 recorded monthly, down 10% The average lot represents 21.9% of the average new home; 19.8% median to median 16 acreage lots sold monthly vs. 12 monthly last year, up 33% The average acreage lot sold for $150,008, down 11%; average/acre: $34,604, down 39%

Comments The market was stronger in February with near record prices and with significantly more land and lot sales as builders anticipate the increased demand. The inventory remains low, giving the advantage to sellers. While interest rates will increase, it will be slow and measured so that housing will not be hurt. Note that seventy plus percent of the buyers have liens. As the spring selling season begins, the market will pick up.

Vol XXVIII • No 2 www.realestats.net • 360.798.4014

REAL ESTATS ≤

WHATCOM County Washington February 2018

%≈

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

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

Subdivision/Project

Total Volume

Short Plat/LLA/Survey

$380,000

North Prairie

$3,393,338

Larrabee Springs South

The Meadows

Malibu Estates

Average Price

Average $/SF

% Mkt $

$380,000

$144.38

1.5%

$457,250

$319,000

$377,038

$197.42

13.6%

$2,106,430

$444,900

$405,125

$421,286

$228.51

7.6%

$1,408,400

$524,500

$424,900

$469,467

$201.15

4.5%

$1,344,000

$490,000

$419,000

$448,000

$165.38

4.5%

Central Fairhaven

$1,159,989

$588,989

$571,000

$579,995

$219.01

3.0%

Heron Crest

$959,000

$490,000

$469,000

$479,500

$218.45

3.0%

Village @ King Mountain

$943,900

$514,000

$429,900

$471,950

$218.65

3.0%

First to New Whatcom

$875,000

$480,000

$395,000

$437,500

$287.32

3.0%

The Commons @ Cordata

$705,800

$352,900

$246.00

3.0%

High Price Low Price

June Road Cottages

$669,800

$339,900

$329,900

$334,900

$239.66

3.0%

The Tides @ Birch Bay

$589,800

$299,900

$289,900

$294,900

$256.31

3.0%

Paradise Lakes

$509,900

$259,900

$250,000

$254,950

$173.84

3.0%

Semiahmoo Shore Condo

$1,150,000

$364.96

1.5%

Boundary Ridge

$750,000

$404.09

1.5%

Skyridge Condo

$749,500

$224.94

1.5%

Bay View

$674,000

$263.28

1.5%

Wildrose Hills

$617,000

$189.85

1.5%

Lakeside Plaza

$599,000

$205.42

1.5%

Carnoustie-semiahmoo

$576,000

$310.51

1.5%

Maberry

$565,000

$210.74

1.5%

Clearbrook

$544,900

$269.62

1.5%

The Greens @ Loomis Trail

$544,000

$170.00

1.5%

501 E Sunset Short

$530,000

$290.25

1.5%

Bristol Heights

$490,000

$230.48

1.5%

Bertrand Creek Estates

$450,000

$173.88

1.5%

Pacific Highlands

$431,000

$178.99

1.5%

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

Fullner Estates

$425,000

$180.08

1.5%

Wiser Lake Ridge

$415,000

$208.75

1.5%

Roosma Family Short

$410,000

$179.82

1.5%

New Whatcom

$395,000

$313.49

1.5%

TOTAL

$24,980,757 $1,150,000 $250,000

$454,196

$215.15

83.3%

Vol XXVIII • No 2 LAM@realestats.net • 360.798.4014

REAL ESTATS ≤

WHATCOM County Washington February 2018

%≈

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

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

Subdivision/Project

Total Volume

Short Plat/LLA/Survey

$380,000

North Prairie

$3,393,338

Larrabee Springs South

The Meadows

Malibu Estates

Average Price

Average $/SF

% Mkt $

$380,000

$144.38

1.3%

$457,250

$319,000

$377,038

$197.42

11.8%

$2,106,430

$444,900

$405,125

$421,286

$228.51

7.4%

$1,408,400

$524,500

$424,900

$469,467

$201.15

4.9%

$1,344,000

$490,000

$419,000

$448,000

$165.38

4.7%

Central Fairhaven

$1,159,989

$588,989

$571,000

$579,995

$219.01

4.0%

Semiahmoo Shore Condo

$1,150,000

$364.96

4.0%

Heron Crest

$959,000

$490,000

$469,000

$479,500

$218.45

3.3%

Village @ King Mountain

$943,900

$514,000

$429,900

$471,950

$218.65

3.3%

First to New Whatcom

$875,000

$480,000

$395,000

$437,500

$287.32

3.1%

Boundary Ridge

$750,000

$404.09

2.6%

Skyridge Condo

$749,500

$224.94

2.6%

The Commons @ Cordata

$705,800

$352,900

$246.00

2.5%

Bay View

$674,000

$263.28

2.4%

June Road Cottages

$669,800

$339,900

$329,900

$334,900

$239.66

2.3%

Wildrose Hills

$617,000

$189.85

2.2%

Lakeside Plaza

$599,000

$205.42

2.1%

The Tides @ Birch Bay

$589,800

$299,900

$289,900

$294,900

$256.31

2.1%

Carnoustie-semiahmoo

$576,000

$310.51

2.0%

High Price Low Price

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

Maberry

$565,000

$210.74

2.0%

Clearbrook

$544,900

$269.62

1.9%

The Greens @ Loomis Trail

$544,000

$170.00

1.9%

501 E Sunset Short

$530,000

$290.25

1.9%

Paradise Lakes

$509,900

$259,900

$250,000

$254,950

$173.84

1.8%

Bristol Heights

$490,000

$230.48

1.7%

Bertrand Creek Estates

$450,000

$173.88

1.6%

Pacific Highlands

$431,000

$178.99

1.5%

Fullner Estates

$425,000

$180.08

1.5%

Wiser Lake Ridge

$415,000

$208.75

1.4%

Roosma Family Short

$410,000

$179.82

1.4%

New Whatcom

$395,000

$313.49

1.4%

TOTAL

$24,980,757 $1,150,000 $250,000

$454,196

$215.15

88.5%

Vol XXVIII • No 2 www.realestats.net • 360.798.4014

REAL ESTATS ≤

WHATCOM County Washington February 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 $

Larrabee Springs Inc

$2,106,430

$444,900

$405,125

$421,286

$228.51

7.6%

Greenbriar Construction Corp

$1,373,300

Rubicon Idc LLC

$1,544,500

$353,500

$334,900

$343,325

$214.48

6.1%

$530,000

$490,000

$514,833

$226.97

4.5%

Alliance Properties 2000 LLC

$943,900

$514,000

$429,900

$471,950

$218.65

3.0%

Tyler Carlson Homes LLC

$925,000

$490,000

$435,000

$462,500

$149.43

3.0%

6 7

Janicki Residential

$705,800

$352,900

$246.00

3.0%

June Road North LLC

$669,800

$339,900

$329,900

$334,900

$239.66

3.0%

Birch Bay Hideaway LLC

$589,800

$299,900

$289,900

$294,900

$256.31

3.0%

Luashenko Vitaliy & Svetlana

$509,900

$259,900

$250,000

$254,950

$173.84

3.0%

Dbw Whatcom LLC

$1,150,000

$364.96

1.5%

Taylor John N & Terri A

$750,000

$404.09

1.5%

K & S Ents Llp

$749,500

$224.94

1.5%

Rks Dev Inc

$674,000

$263.28

1.5%

Peace Home Construction LLC

$617,000

$189.85

1.5%

Jjc Infill Dev LLC

$599,000

$205.42

1.5%

Heron Point Holdings Llp

$588,989

$218.14

1.5%

Next Adventure LLC

$576,000

$310.51

1.5%

Hummingbirds Nest Egg LLC

$571,000

$219.87

1.5%

Solis Zachary & Kayla

$565,000

$210.74

1.5%

AJW Builders

$544,900

$269.62

1.5%

Nevco Inc

$544,000

$170.00

1.5%

Nw Signature Homes LLC

$490,000

$230.48

1.5%

Tuttle Construction Inc

$480,000

$261.15

1.5%

Masons Houseworks Inc

$469,000

$240.51

1.5%

Frost Creek Investments LLC

$459,000

$196.74

1.5%

Pacific Edge Builders LLC

$457,250

$172.55

1.5%

Heppner Construction LLC

$450,000

$173.88

1.5%

Rdf Holdings LLC

$435,000

$186.38

1.5%

Pritam Homes LLC

$431,000

$178.99

1.5%

Gsl Investments LLC

$425,000

$180.08

1.5%

TOTAL

$21,394,069 $1,150,000 $250,000

$475,424

$215.15

68.2%

Vol XXVIII • No 2 LAM@realestats.net • 360.798.4014

High Price Low Price

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

REAL ESTATS ≤

WHATCOM County Washington February 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

Larrabee Springs Inc

$2,106,430

$444,900

Rubicon Idc LLC

$1,544,500

$530,000

Greenbriar Construction Corp

$1,373,300

$353,500

Dbw Whatcom LLC

$1,150,000

Alliance Properties 2000 LLC

$943,900

$514,000

$429,900

$471,950

$218.65

3.3%

Tyler Carlson Homes LLC

$925,000

$490,000

$435,000

$462,500

$149.43

3.2%

Taylor John N & Terri A

$750,000

$404.09

2.6%

K & S Ents Llp

$749,500

$224.94

2.6%

Average Price

Average $/SF

% Mkt $

$405,125

$421,286

$228.51

7.4%

$490,000

$514,833

$226.97

5.4%

$334,900

$343,325

$214.48

4.8%

$364.96

4.0%

High Price Low Price

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

Janicki Residential

$705,800

$352,900

$246.00

2.5%

Rks Dev Inc

$674,000

$263.28

2.4%

June Road North LLC

$669,800

$339,900

$329,900

$334,900

$239.66

2.3%

Peace Home Construction LLC

$617,000

$189.85

2.2%

Jjc Infill Dev LLC

$599,000

$205.42

2.1%

Birch Bay Hideaway LLC

$589,800

$299,900

$289,900

$294,900

$256.31

2.1%

Heron Point Holdings Llp

$588,989

$218.14

2.1%

Next Adventure LLC

$576,000

$310.51

2.0%

Hummingbirds Nest Egg LLC

$571,000

$219.87

2.0%

Solis Zachary & Kayla

$565,000

$210.74

2.0%

AJW Builders

$544,900

$269.62

1.9%

Nevco Inc

$544,000

$170.00

1.9%

Luashenko Vitaliy & Svetlana

$509,900

$259,900

$250,000

$254,950

$173.84

1.8%

Nw Signature Homes LLC

$490,000

$230.48

1.7%

Tuttle Construction Inc

$480,000

$261.15

1.7%

Masons Houseworks Inc

$469,000

$240.51

1.6%

Frost Creek Investments LLC

$459,000

$196.74

1.6%

Pacific Edge Builders LLC

$457,250

$172.55

1.6%

Heppner Construction LLC

$450,000

$173.88

1.6%

Rdf Holdings LLC

$435,000

$186.38

1.5%

Pritam Homes LLC

$431,000

$178.99

1.5%

Gsl Investments LLC

$425,000

$180.08

1.5%

TOTAL

$21,394,069 $1,150,000 $250,000

$475,424

$215.15

74.7%

Vol XXVIII • No 2 www.realestats.net • 360.798.4014

REAL ESTATS ≤

WHATCOM County Washington February 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 2 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 February 2018

Average Monthly Price of Residential Recordings $400,000 Feb ‘18 $381,157

$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 2 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 February 2018

There are currently 563 residences for sale and since 287 sold in February, this represents a 2 month 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 2 LAM@realestats.net • 360.798.4014

REAL ESTATS ≤

WHATCOM County Washington February 2018

%≈

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

REO SOLD

2013

2014

2015

2016

2017

2018

Month

% of All Sold

Jan

24.2%

10.9%

13.0%

5.7%

5.1%

1.9%

Feb

15.7%

13.4%

13.1%

4.6%

3.5%

0.0%

Mar

9.8%

18.4%

11.9%

2.1%

3.5%

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%

0.9%

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 2 www.realestats.net • 360.798.4014

REAL ESTATS ≤

WHATCOM County Washington February 2018

%≈

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

Four Years-to-date Compared County Records

Jan-Feb 2015

Ch '15 vs '14

Jan-Feb 2016

Ch '16 vs '15

Jan-Feb 2017

Ch '17 vs '16

Jan-Feb 2018

Ch '18 vs '17

Existing Residences

$96,123,766

35.5%

$96,290,773

0.2%

$109,078,038

13.3%

$140,495,322

28.8%

# In County

337

28.1%

295

-12.5%

301

2.0%

335

11.3%

Largest

$1,425,000

10.7%

$1,250,000

-12.3%

$1,985,000

58.8%

$1,810,000

-8.8%

Average

$285,234

5.7%

$326,409

14.4%

$362,386

11.0%

$419,389

15.7%

Median

$261,750

11.4%

$292,500

11.7%

$315,625

7.9%

$360,000

14.1%

Average $/SF

$175.98

-0.5%

$177.97

1.1%

$201.79

13.4%

$223.70

10.9%

New Construction

$11,006,217

31.3%

$8,833,379

-19.7%

$18,248,597

106.6%

$23,424,926

28.4%

# In County

21.4%

-26.5%

76.0%

25.0%

Largest

$595,000

32.2%

$540,100

-9.2%

$878,000

62.6%

$750,000

-14.6%

Average

$323,712

8.2%

$353,335

9.2%

$414,741

17.4%

$425,908

2.7%

Median

$312,450

3.5%

$342,450

9.6%

$354,000

3.4%

$419,900

18.6%

% Of $ New

10.3%

-2.8%

8.4%

-18.2%

14.3%

70.6%

14.3%

-0.3%

% Of Units New

9.2%

-4.8%

7.8%

-14.8%

12.8%

63.2%

14.1%

10.6%

Condominiums

$8,218,560

-29.8%

$10,512,570

27.9%

$17,158,971

63.2%

$24,735,906

44.2%

# In County

-6.1%

34.8%

12.9%

14.3%

Average

$178,664

-25.2%

$169,558

-5.1%

$245,128

44.6%

$309,199

26.1%

Mobile Homes

$3,146,303

-13.6%

$4,102,995

30.4%

$5,669,376

38.2%

$6,234,597

10.0%

# in County

4.3%

0.0%

33.3%

28.1%

Plexes

$7,341,337

69.4%

$4,620,050

-37.1%

$1,304,042

-71.8%

$5,802,248

344.9%

# Buildings

36.4%

-20.0%

-58.3%

120.0%

Units

38.5%

-19.4%

-65.5%

180.0%

Average Unit

$203,926

22.3%

$159,312

-21.9%

$130,404

-18.1%

$207,223

58.9%

Total Volume (Residential)

$125,836,183

27.1%

$124,359,767

-1.2%

$151,459,024

21.8%

$200,692,999

32.5%

# In County

456

21.9%

418

-8.3%

452

8.1%

522

15.5%

Average Res'l Unit (No Plexes)

$268,696

3.0%

$294,925

9.8%

$335,917

13.9%

$381,391

13.5%

Land

$15,254,124

1.6%

$12,428,806

-18.5%

$8,631,161

-30.6%

$20,202,075

134.1%

# In County

-4.9%

-22.4%

-14.5%

112

72.3%

Largest

$872,111

-71.9%

$1,550,000

77.7%

$595,000

-61.6%

$3,500,000

488.2%

Average

$155,654

6.8%

$163,537

5.1%

$132,787

-18.8%

$180,376

35.8%

Commercial

$32,020,544

12.9%

$30,941,654

-3.4%

$12,989,021

-58.0%

$42,529,600

227.4%

# In County

-20.9%

2.9%

-22.9%

55.6%

Grand Total Volume

$173,110,851

21.6%

$167,730,227

-3.1%

$173,079,206

3.2%

$263,424,674

52.2%

Total # In County

588

13.1%

529

-10.0%

544

2.8%

676

24.3%

Vol XXVIII • No 2 LAM@realestats.net • 360.798.4014

REAL ESTATS ≤

WHATCOM County Washington February 2018

%≈

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

Current Month Compared County Records

Feb '15

Ch '15 vs. '14

Feb '16

Ch '16 vs. '15

Feb '17

Ch '17 vs. '16

Feb '18

Ch '18 vs. '17

Existing Residences

$50,413,635

44.1%

$58,713,825

16.5%

$58,060,902

-1.1%

$77,177,497

32.9%

# In County

175

30.6%

173

-1.1%

144

-16.8%

179

24.3%

Largest

$1,425,000

70.1%

$1,250,000

-12.3%

$1,900,000

52.0%

$1,810,000

-4.7%

Average

$288,078

10.3%

$339,386

17.8%

$403,201

18.8%

$431,159

6.9%

Median

$258,500

10.0%

$305,000

18.0%

$335,250

9.9%

$375,000

11.9%

Average $/SF

$175.72

2.4%

$180.83

2.9%

$211.00

16.7%

$223.40

5.9%

New Construction

$4,307,817

2.4%

$4,723,796

9.7%

$5,494,638

16.3%

$11,560,813

110.4%

# In County

-7.1%

0.0%

15.4%

86.7%

Largest

$595,000

32.2%

$525,000

-11.8%

$690,000

31.4%

$674,000

-2.3%

Average

$331,371

10.2%

$363,369

9.7%

$366,309

0.8%

$412,886

12.7%

Median

$330,000

10.9%

$354,900

7.5%

$323,000

-9.0%

$416,500

28.9%

% Of $ New

7.9%

-26.7%

7.4%

-5.4%

8.6%

16.1%

13.0%

50.7%

% Of Units New

6.9%

-26.9%

7.0%

1.1%

9.4%

35.0%

13.5%

43.4%

Condominiums

$4,513,194

-21.8%

$5,779,850

28.1%

$9,060,300

56.8%

$13,772,800

52.0%

# In County

8.3%

26.9%

-6.1%

38.7%

Average

$173,584

-27.8%

$175,147

0.9%

$292,268

66.9%

$320,298

9.6%

Mobile Homes

$1,894,460

-7.8%

$2,267,200

19.7%

$2,401,910

5.9%

$4,594,120

91.3%

# in County

33.3%

-31.3%

9.1%

158.3%

Plexes

$3,850,000

28.7%

$2,193,300

-43.0%

$485,000

-77.9%

$3,010,000

520.6%

# Buildings

0.0%

-14.3%

-66.7%

200.0%

Units

-5.6%

-23.5%

-69.2%

250.0%

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

$226,471

36.3%

$168,715

-25.5%

$121,250

-28.1%

$215,000

77.3%

$64,979,106

29.9%

$73,677,971

13.4%

$75,502,750

2.5%

$110,115,230

45.8%

237

24.1%

236

-0.4%

204

-13.6%

287

40.7%

$265,779

4.0%

$310,803

16.9%

$371,375

19.5%

$381,157

2.6%

$7,859,392

10.7%

$6,118,025

-22.2%

$2,859,141

-53.3%

$9,948,075

247.9%

# In County

4.4%

-25.5%

-28.6%

200.0%

Largest

$872,111

-71.9%

$767,000

-12.1%

$260,000

-66.1%

$1,000,000

284.6%

Average

$167,221

6.0%

$174,801

4.5%

$114,366

-34.6%

$132,641

16.0%

Commercial

$11,093,630

-6.9%

$15,711,193

41.6%

$6,379,146

-59.4%

$24,873,220

289.9%

# In County

14.3%

0.0%

6.3%

11.8%

Grand Total Volume

$83,932,128

21.6%

$95,507,189

13.8%

$84,741,037

-11.3%

$144,936,525

71.0%

Total # In County

300

20.0%

287

-4.3%

246

-14.3%

381

54.9%

Vol XXVIII • No 2 www.realestats.net • 360.798.4014

REAL ESTATS ≤

WHATCOM County Washington February 2018

%≈

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

January Compared County Records

Jan '15

Ch '15 vs. '14

Jan '16

Ch '16 vs. '15

Jan '17

Ch '17 vs. '16

Jan '18

Ch '18 vs. '17

Existing Residences

$45,710,131

27.1%

$37,576,948

-17.8%

$51,017,136

35.8%

$63,317,825

24.1%

# In County

162

25.6%

122

-24.7%

157

28.7%

156

-0.6%

Largest

$830,000

-35.5%

$940,000

13.3%

$1,985,000

111.2%

$1,430,000

-28.0%

Average

$282,161

1.2%

$308,008

9.2%

$324,950

5.5%

$405,883

24.9%

Median

$265,000

12.8%

$280,000

5.7%

$296,000

5.7%

$347,000

17.2%

Average $/SF

$176.25

-3.2%

$175.11

-0.6%

$192.58

10.0%

$224.05

16.3%

New Construction

$6,698,400

60.6%

$4,109,583

-38.6%

$12,753,959

210.3%

$11,864,113

-7.0%

# In County

50.0%

-42.9%

141.7%

-6.9%

Largest

$580,000

36.5%

$540,100

-6.9%

$878,000

62.6%

$750,000

-14.6%

Average

$318,971

7.1%

$342,465

7.4%

$439,792

28.4%

$439,412

-0.1%

Median

$294,900

-3.8%

$330,000

11.9%

$385,000

16.7%

$422,450

9.7%

% Of $ New

12.8%

22.9%

9.9%

-22.9%

20.0%

102.9%

15.8%

-21.1%

% Of Units New

11.5%

17.2%

9.0%

-22.0%

15.6%

74.1%

14.8%

-5.4%

Condominiums

$3,705,366

-37.7%

$4,732,720

27.7%

$8,098,671

71.1%

$10,963,106

35.4%

# In County

-20.0%

45.0%

34.5%

-5.1%

Average

$185,268

-22.1%

$163,197

-11.9%

$207,658

27.2%

$296,300

42.7%

Mobile Homes

$1,251,843

-21.1%

$1,835,795

46.6%

$3,267,466

78.0%

$1,640,477

-49.8%

# in County

-27.3%

62.5%

53.8%

-50.0%

Plexes

$3,491,337

160.0%

$2,426,750

-30.5%

$819,042

-66.2%

$2,792,248

240.9%

# Buildings

100.0%

-25.0%

-50.0%

66.7%

Units

137.5%

-15.8%

-62.5%

133.3%

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

$183,755

9.5%

$151,672

-17.5%

$136,507

-10.0%

$199,446

46.1%

$60,857,077

24.2%

$50,681,796

-16.7%

$75,956,274

49.9%

$90,577,769

19.2%

219

19.7%

182

-16.9%

248

36.3%

235

-5.2%

$271,876

2.1%

$274,176

0.8%

$306,683

11.9%

$381,676

24.5%

$7,394,732

-6.6%

$6,310,781

-14.7%

$5,772,020

-8.5%

$10,254,000

77.7%

# In County

-12.1%

-19.6%

-2.4%

-7.5%

Largest

$700,000

-18.1%

$1,550,000

121.4%

$595,000

-61.6%

$3,500,000

488.2%

Average

$144,995

6.2%

$153,921

6.2%

$144,301

-6.3%

$277,135

92.1%

Commercial

$20,926,914

27.3%

$15,230,461

-27.2%

$6,609,875

-56.6%

$17,656,380

167.1%

# In County

-37.9%

5.6%

-47.4%

130.0%

Grand Total Volume

$89,178,723

21.6%

$72,223,038

-19.0%

$88,338,169

22.3%

$118,488,149

34.1%

Total # In County

288

6.7%

242

-16.0%

298

23.1%

295

-1.0%

Vol XXVIII • No 2 www.realestats.net • 360.798.4014

REAL ESTATS ≤

WHATCOM County Washington February 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 2 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 February 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%

$118.61

-12.7%

2.0

$175,001

$200,000

6.7

-43%

$169.40

1.8%

6.0

-10%

$157.71

-6.9%

0.2

$200,001

$225,000

8.2

-48%

$180.00

-1.0%

2.5

-69%

$191.65

6.5%

1.6

$225,001

$250,000

184

15.3

-35%

$207.18

14.7%

10.5

-32%

$185.35

-10.5%

0.2

$250,001

$275,000

238

19.8

-21%

$205.88

7.4%

9.0

-55%

$195.10

-5.2%

0.9

$275,001

$300,000

269

22.4

-9%

$199.63

5.7%

16.5

-26%

$219.70

10.1%

0.6

$300,001

$350,000

541

45.1

$218.69

10.7%

30.0

-33%

$229.94

5.1%

0.8

$350,001

$400,000

391

32.6

12%

$220.31

13.5%

27.0

-17%

$213.55

-3.1%

1.1

$400,001

$450,000

267

22.3

$224.14

11.1%

14.5

-35%

$216.81

-3.3%

2.1

$450,001

$500,000

180

15.0

16%

$222.44

6.9%

12.0

-20%

$255.66

14.9%

2.8

$500,001

$600,000

226

18.8

26%

$235.87

5.2%

14.0

-26%

$220.79

-6.4%

2.6

$600,001

$700,000

128

10.7

14%

$254.45

8.2%

9.5

-11%

$252.70

-0.7%

3.3

$700,001

$800,000

5.3

19%

$262.37

12.6%

3.5

-33%

$322.98

23.1%

6.3

$800,001

$900,000

2.3

33%

$263.40

-22.4%

1.0

-57%

$274.70

4.3%

9.0

$900,001

- $1,000,000

1.0

-14%

$282.13

-10.2%

2.5

150%

$266.40

-5.6%

4.0

3.8

61%

$349.82

-3.7%

5.0

33%

$360.81

3.1%

6.4

-8%

$215.91

11.1%

335

167.5

-31%

$223.70

3.6%

289

1.7

$203.72

11.5%

$209.81

3.0%

*Date

3/14/18

$1,000,001 -

Sky

Overall Total

2,894 241.2

Median

Vol XXVIII • No 2 LAM@realestats.net • 360.798.4014

REAL ESTATS ≤

WHATCOM County Washington February 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%

32.5

-2.3%

$512,463

17.8% $308.01 10.9%

14.7% $221.35 11.0%

29.0

-29.7%

$484,235

10.4% $229.37

3.6%

-15.0% $415,097

8.3%

$216.39 13.6%

29.5

-34.4%

$403,545

-2.8%

$208.74

-3.5%

26.1

-17.4% $362,265

11.8% $202.63 10.0%

20.5

-21.4%

$396,752

9.5%

$190.19

-6.1%

1.9

-50.0% $382,863

2.0%

$212.54 14.0%

3.5

82.6%

$505,664

32.1% $188.07 -11.5%

98244

6.0

0.0%

$299,492

15.2% $201.66 19.2%

4.0

-33.3%

$379,559

26.7% $151.44 -24.9%

98247

104

8.7

33.3%

$352,483

6.1%

$193.71

6.9%

3.5

-59.6%

$374,221

6.2%

$189.18

-2.3%

98248

331

27.6

-14.0% $345,740

6.3%

$196.34

7.0%

15.5

-43.8%

$321,884

-6.9%

$203.63

3.7%

98262

2.5

20.0%

$395,525

14.9% $247.27

-3.9%

3.0

20.0%

$308,342

-22.0% $202.32 -18.2%

98264

334

27.8

12.5%

$372,898

12.6% $195.27 11.1%

15.0

-46.1%

$361,481

-3.1%

$193.91

-0.7%

98266

5.1

1.7%

$192,586

17.7% $138.57 14.2%

2.0

-60.7%

$253,250

31.5% $147.21

6.2%

98276

2.2

-13.3% $279,731

7.1%

2.6%

1.0

-53.8%

$333,500

19.2% $223.55 33.0%

98281

3.5

-25.0% $335,769

33.8% $266.00 40.8%

1.0

-71.4%

$247,500

-26.3% $150.11 -43.6%

98284

6.9

16.9%

7.4%

$193.88 18.9%

3.0

-56.6%

$433,433

51.4% $218.15 12.5%

98295

3.2

-22.4% $298,615

15.6% $169.27 15.9%

4.5

42.1%

$264,389

-11.5% $184.56

1.0%

Avg$

$438,599

$286,316

Vol XXVIII • No 2 www.realestats.net • 360.798.4014

$168.11

9.0%

REAL ESTATS ≤

WHATCOM County Washington February 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

$272.40

6.2%

1,574

$412,346

1960's

$199.88

4.5%

1,766

$336,659

166

$210.15

5.1%

1,810

$350,200

146

$249.95 18.9%

2,102

$502,733

1970's

$181.40

4.6%

1,677

$295,677

495

$201.48 11.1%

1,722

$328,602

473

$213.94

6.2%

1,728

$340,478

1980's

$182.32

-3.7%

1,893

$333,881

221

$204.26 12.0%

1,840

$366,870

204

$209.12

2.4%

1,979

$387,804

1990's

$185.97

3.8%

2,009

$367,180

581

$202.97

9.1%

2,070

$402,008

514

$197.35

-2.8%

2,293

$444,920

2000

$182.97

-1.0%

2,152

$382,711

$216.01 18.1%

2,086

$422,690

$209.90

-2.8%

2,976

$537,375

2001

$191.87

-0.5%

2,085

$391,342

$222.40 15.9%

2,326

$537,612

$206.84

-7.0%

2,440

$399,250

2002

$202.43

4.0%

2,284

$461,813

$202.46

0.0%

2,178

$431,062

$267.84 32.3%

2,167

$548,800

2003

$173.62

-1.3%

1,948

$334,002

$207.28 19.4%

2,200

$444,359

$173.67 -16.2%

2,000

$343,500

2004

$177.02

2.9%

2,167

$376,752

101

$198.04 11.9%

2,225

$449,763

$159.21 -19.6%

2,358

$368,733

2005

$168.65

-0.8%

2,118

$353,442

146

$196.24 16.4%

2,227

$434,165

104

$191.98

-2.2%

1,874

$351,915

2006

$167.29

3.6%

2,320

$381,448

116

$181.12

8.3%

2,239

$397,823

111

$177.65

-1.9%

2,467

$430,831

2007

$176.75

2.6%

2,449

$427,678

$195.97 10.9%

2,245

$437,858

$205.84

5.0%

2,357

$469,640

2008

$177.05

0.7%

2,321

$408,883

$197.38 11.5%

2,308

$426,575

$182.94

-7.3%

2,646

$467,250

2009

$187.15

-1.1%

1,981

$380,823

$201.02

7.4%

2,069

$417,312

$235.09 16.9%

3,890

$956,700

2010

$191.88 12.1%

1,914

$352,555

$217.84 13.5%

1,830

$393,155

$195.70 -10.2%

1,816

$355,333

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

$168.12 -21.5%

2,043

$343,367

2013

$196.57 11.9%

2,189

$419,383

$207.83

5.7%

1,962

$396,239

$291.00 40.0%

1,604

$454,650

2014

$195.47

2,046

$398,143

$201.52

3.1%

2,016

$389,331

$234.00 16.1%

2,640

$650,000

$222.60

1,844

$407,209

$179.92 -19.2%

2,125

$371,833

$212.90

2,211

$459,617

2015

New Construction

2016

New Construction

Vol XXVIII • No 2 LAM@realestats.net • 360.798.4014

New Construction

REAL ESTATS ≤

WHATCOM County Washington February 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 2 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 February 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%

1.5

800%

$99.27

-37.2%

0.0

$200,001

- $225,000

0.2

-50%

$143.91

2.6%

0.0

-100%

$225,001

- $250,000

0.6

$171.93

-1.3%

0.5

-14%

$188.82

9.8%

0.0

$250,001

- $275,000

0.4

-64%

$192.66

-4.2%

0.5

20%

$158.86

-17.5%

6.0

$275,001

- $300,000

2.2

-21%

$201.81

-1.0%

0.5

-77%

$300.00

48.7%

8.0

$300,001

- $350,000

4.5

$198.99

8.6%

3.0

-33%

$187.87

-5.6%

3.3

$350,001

- $400,000

3.3

-9%

$201.44

8.7%

4.5

35%

$207.82

3.2%

0.9

$400,001

- $450,000

5.0

40%

$198.00

3.5%

7.5

50%

$201.47

1.8%

1.9

$450,001

- $500,000

2.9

150%

$197.00

-1.4%

3.5

20%

$206.16

4.7%

3.1

$500,001

- $600,000

3.4

105%

$230.46

3.8%

4.5

32%

$232.64

0.9%

2.0

$600,001

- $700,000

1.3

200%

$237.85

4.5%

1.0

-20%

$226.56

-4.7%

3.0

$700,001

- $800,000

0.5

20%

$196.53

-17.3%

0.5

$404.09

105.6%

10.0

$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%

27.5

10%

$206.53

0.6%

2.4

$200.27

4.0%

$197.27

-1.5%

$1,000,001 -

Sky

Overall Total Median

Vol XXVIII • No 2 LAM@realestats.net • 360.798.4014

*Date 3/14/18

REAL ESTATS ≤

WHATCOM County Washington February 2018

%≈

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

New Single Family Sales by Zip Code 2017

2018

ZIP

Total #

Per Mo

Ch in #/Mo

Avg$

Ch in Avg $

$/SF

Ch Avg $/SF

Total #

Per Mo

Ch in #/Mo

Avg$

98225

0.6

-50.0%

$449,714

3.9%

$212.49

-8.2%

1.0

71.4%

$323,072

-28.2% $187.83 -11.6%

98226

4.3

-8.9%

$438,413

18.9% $225.13

6.5%

5.0

17.6%

$436,543

-0.4%

98229

3.8

36.4%

$576,258

14.6% $233.81

7.1%

4.0

6.7%

$516,961

-10.3% $228.07

98230

3.3

29.0%

$438,732

14.4% $189.75

3.3%

4.5

35.0%

$459,778

4.8%

$202.63

6.8%

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%

0.5

-50.0%

$338,000

98248

5.9

24.6%

$409,468

14.1% $205.24

9.9%

3.5

-40.8%

$422,657

3.2%

$192.53

-6.2%

98264

3.9

30.6%

$387,656

-8.0%

$195.24

9.6%

7.0

78.7%

$404,988

4.5%

$193.45

-0.9%

98266

0.8

350.0%

$219,531

1.6%

$161.91

5.9%

1.0

33.3%

$254,950

16.1% $173.84

7.4%

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%

$331,663

Vol XXVIII • No 2 www.realestats.net • 360.798.4014

-6.2%

Ch in Avg $

$/SF

Ch Avg $/SF

$250.81 11.4%

-2.5%

-10.7% $157.21 -19.7%

11.2% $133.20

-3.7%

REAL ESTATS ≤

WHATCOM County Washington February 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 2 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 February 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%

12.5

-27%

$200.89

11.3%

0.7

$175,001

$200,000

6.8

$205.48

12.5%

2.5

-63%

$183.99

-10.5%

0.8

$200,001

$225,000

5.9

$219.93

12.8%

3.0

-49%

$218.33

-0.7%

2.0

$225,001

$250,000

5.1

17%

$221.55

11.2%

2.0

-61%

$201.76

-8.9%

2.0

$250,001

$275,000

2.9

-5%

$212.77

-7.5%

4.0

37%

$228.32

7.3%

2.3

$275,001

$300,000

2.5

15%

$233.52

-15.0%

2.0

-20%

$265.87

13.9%

2.5

$300,001

$350,000

4.3

89%

$237.37

0.8%

1.5

-65%

$258.46

8.9%

2.7

$350,001

$400,000

1.7

-26%

$288.28

8.6%

2.0

20%

$250.57

-13.1%

2.5

$400,001

$450,000

1.6

27%

$287.64

5.0%

1.0

-37%

$202.84

-29.5%

1.0

$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%

$209.09

-34.0%

2.0

$600,001

$700,000

0.6

40%

$344.04

2.6%

1.0

71%

$365.77

6.3%

1.0

$700,001

$800,000

0.2

-50%

$381.16

-4.4%

1.5

800%

$384.70

0.9%

0.7

$800,001

$900,000

0.0

$900,001

- $1,000,000

0.1

$484.83

0.0

-100%

0.2

$691.56

1.0

500%

$378.04

-45.3%

1.0

612

51.0

-5%

$218.14

12.1%

35.0

-31%

$231.32

6.0%

1.5

$204.53

18.7%

$220.04

7.6%

$1,000,001 -

Sky

Overall Total Median Median Price

$210,000

Vol XXVIII • No 2 www.realestats.net • 360.798.4014

14.7%

$225,000

*Date 3/14/18

7.1%

REAL ESTATS ≤

WHATCOM County Washington February 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 2 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 February 2018

%≈

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

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

2018

Inventory*

Total #

Per Mo

Ch in # Sld

$/SF

Ch in $/SF

Total #

Per Mo

Ch in # Sld

$/SF

Ch in $/SF

# Months

$175,000

0.1

-67%

$584.32

69.6%

0.0

-100%

$175,001

$200,000

0.1

$146.77

0.0

-100%

$200,001

$225,000

0.0

$225,001

$250,000

0.2

100%

$408.98

122.3%

0.0

-100%

$250,001

$275,000

0.2

$253.12

2.8%

0.0

-100%

$275,001

$300,000

1.1

63%

$254.04

12.1%

1.0

-8%

$256.31

0.9%

3.0

$300,001

$350,000

1.3

$244.48

10.8%

1.0

-25%

$239.66

-2.0%

1.0

$350,001

$400,000

0.1

$235.46

1.5

1700%

$278.55

18.3%

2.7

$400,001

$450,000

0.1

-50%

$140.28

-46.4%

0.5

500%

$212.45

51.4%

2.0

$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%

0.5

200%

$224.94

-35.1%

18.0

$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%

0.5

200%

$364.96

-2.7%

4.0

3.8

28%

$281.14

15.3%

5.0

30%

$262.99

-6.5%

5.8

$248.90

7.3%

$253.70

1.9%

*Date

3/14/18

Overall Total Median Median Price

$324,020

Vol XXVIII • No 2 www.realestats.net • 360.798.4014

6.3%

$352,900

8.9%

REAL ESTATS ≤

WHATCOM County Washington February 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%

12.5

-6.8%

$281,076

-7.1%

$241.69

-10.9%

-10.6%

$242,001 10.6% $213.22

15.2%

12.0

-22.6%

$305,800

26.4%

$225.35

5.7%

5.8

-18.8%

$210,137 26.9% $190.84

24.3%

1.0

-82.6%

$129,950 -38.2% $131.53

-31.1%

119

9.9

35.2%

$257,302 18.0% $227.77

9.7%

8.5

-14.3%

$394,388

53.3%

$277.71

21.9%

98244

1.1

-38.1%

$86,915

15.4%

1.0

-7.7%

$112,500

29.4%

$139.67

6.3%

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%

0.5

-71.4%

$424,900 132.2% $212.45

16.5%

98264

5.4

6.6%

$238,641 11.8% $178.17

13.1%

4.0

-26.2%

$311,300

30.4%

$188.27

5.7%

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%

0.5

20.0%

$265,000

14.6%

$389.71

-20.3%

98295

0.3

-50.0%

$155,875 16.7% $125.88

28.0%

0.0

-100.0%

Avg$

Vol XXVIII • No 2 LAM@realestats.net • 360.798.4014

Ch in Avg $

$/SF

43.9% $131.34

3.3%

REAL ESTATS ≤

WHATCOM County Washington February 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%

9.0

13%

$75,000

5.9

-46%

8.3

39%

5.4

-34%

6.0

11%

$75,001

- $100,000

121

10.1

53%

108

9.0

-11%

160

13.3

48%

12.0

-10%

$100,001

- $150,000

5.3

33%

6.7

25%

126

10.5

58%

4.5

-57%

$150,001

- $200,000

1.3

2.6

107%

3.8

45%

2.5

-33%

$200,001

- $300,000

0.5

-33%

1.3

167%

2.2

63%

1.5

-31%

$300,001

sky

0.5

20%

0.7

33%

1.3

88%

0.5

-60%

TOTAL

449

37.4

-22%

413

34.4

-8%

533

44.4

29%

36.0

-19%

Average Price:

$76,306

27%

$100,574

32%

$108,009

$93,164

-14%

% Avg Lot/Avg New Home

21.3%

19%

25.2%

18%

25.0%

21.9%

-13%

Median Price:

$75,000

50%

$85,750

14%

$96,500

13%

$82,975

-14%

% Median to Median

22.1%

38%

23.6%

23.0%

-2%

19.8%

-14%

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%

21%

$17,067

-2%

- 5,000

$62,163

12%

$95,812

54%

$125,228

31%

$71,000

-43%

5,001 - 7,500

14%

$82,939

17%

16%

$91,238

10%

119

22%

$91,907

15%

$103,864

13%

7,501 - 10,000

114

25%

$80,691

103

25%

$86,989

139

26%

$109,600

26%

10%

$111,143

10,001 - 15,000

15%

$111,158

35%

22%

$101,152

-9%

16%

$132,750

31%

39%

$97,324

-27%

15,001 - 43,559

18%

$111,510

105

25%

$142,678

28%

18%

$142,491

14%

$173,525

22%

$76,306

27%

413

$100,574

32%

533

$108,009

$93,164

-14%

Total

449

Vol XXVIII • No 2 www.realestats.net • 360.798.4014

REAL ESTATS ≤

WHATCOM County Washington February 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%

2.0

85%

$50,001

$75,000

1.0

-56%

2.3

125%

0.9

-59%

3.0

227%

$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%

2.0

-25%

$150,001

- $200,000

2.5

36%

2.8

10%

2.2

-21%

3.5

62%

$200,001

- $300,000

1.7

122%

1.3

-25%

1.8

40%

5.5

214%

$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%

16.0

33%

Average Price:

$154,446

33.9%

$132,469

-14.2%

$169,368

27.9%

$150,008

-11.4%

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%

$34,604

-39.2%

Vol XXVIII • No 2 LAM@realestats.net • 360.798.4014

REAL ESTATS ≤

WHATCOM County Washington February 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 2 www.realestats.net • 360.798.4014

REAL ESTATS ≤

WHATCOM County Washington February 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 2 LAM@realestats.net • 360.798.4014

REAL ESTATS ≤

WHATCOM County Washington February 2018

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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 2 www.realestats.net • 360.798.4014