Whatcom County Real Estate Statistics - May 2018 by BuyerMax

REAL ESTATS ≤

WHATCOM County Washington May 2018

%≈

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

Whatcom County Washington May 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 5 www.realestats.net • 360.798.4014

REAL ESTATS ≤

WHATCOM County Washington May 2018

%≈

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

HIGHLIGHTS May 2018     

(vs. prior month)

Residential sales volume: up 7% Residential transactions: up 2% Existing home transactions: up 13% New home transactions: down 22% Attached units sold: up 3%

Year-to-date 2018      

(vs. Year-to-date 2017)

Residential sales volume: up 19% to $646 million Residential transactions: up 9% to 1,715 Plexes (2-5 units) sales: up 125% to $22 million Land sales: up 24% to $54 million Commercial volume: up 6% to $95 million Average residence: $373,337, up 8%

Foreclosed Single Family Detached Sales      

Recorded in 2018 154 New Homes 1,068 Existing Homes 298 Condo/Townhomes

(vs. 2017)

2 sold monthly, down 58% Average sale price: $321,388, up 58% Average $/SF: $122.87, up 5% and 38% less than non-foreclosed sales 31 properties are in some state of foreclosure, down 21% from a year ago 0.9% of existing home sales were foreclosed properties 6 properties in foreclosure represent 1% of the homes for sale

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

Average sale price: $443,417, up 8%



Inventory represents a 1.8 month supply, a strong sellers’ market

Median sale price: $430,280, up 15% The average $/SF: $215.12, up 5% New homes represent 13% of volume and 13% of units recorded 154 sold vs. 124 sold last year, up 24%; volume: up 35% to $68 million Best range: $400,001 - $450,000 with 8.2 sales per month, up 64% from last year

10 homes built 1904 to 2015 were classified as existing though marked by county as new

Vol XXVIII • No 5 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 May 2018

(continued)

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

Units sold: down 2%; volume: up 9% to $439 million 1,068 units sold this year vs. 1,089 last year Average price: $411,326, up 11% Half the homes (median) sold for more than $369,000, up 13% Average $/SF for homes sold at $229.11 (all sales), up 12% Best range: $300,001 - $350,000 with 38.2 recorded monthly, down 15% from last year Inventory represents a 2.1 month supply, a sellers’ market

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

Average sale price: $303,295, up 22%; Median $260,000, up 21% Existing median: $246,500, up 17%; New median: $357,575, up 10% 298 sold vs. 250, up 19% (11% new, 32 units); volume: up 46% to $90 million Average $/SF, Existing: $239.54, up 10% from last year’s average Average $/SF, New: $273.24, down 3% Best range, existing: $42,000 - $175,000 with 12.2 monthly, down 29% from last year Existing inventory represents a 1.1 month supply, a strong sellers’ market Best range, new: $350,001 - $400,000 with 2 monthly, up 2,300% from last year New inventory represents a 2.3 month supply, a sellers’ market

Subdivisions (vs. 2017)       

The average lot sold for $107,274, down 1% Half the lots (median) sold for less than $85,000, down 12% 42.4 sold vs. 44.4 monthly last year, down 5% Best range: $4,000 - $50,000 with 11.4 recorded monthly, up 43% The average lot represents 24.2% of the average new home; 19.8% median to median 19 acreage lots sold monthly vs. 12 monthly last year, up 58% The average acreage lot sold for $169,413, unchanged; average/acre: $53,326, down 6%

Comments The market was better than last month but not last May. However, the average dollars per square foot set records along with recorded prices. While inventory is increasing, it remains low enough to provide sellers with the advantage which will mean even more record breaking prices. How much the Canadian boycott will impact the market remains to be seen.

Vol XXVIII • No 5 www.realestats.net • 360.798.4014

REAL ESTATS ≤

WHATCOM County Washington May 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

$3,670,144

$560,000

North Prairie

$10,482,098

Larrabee Springs South

The Meadows

The Commons @ Cordata

Average Price

Average $/SF

% Mkt $

$116,144

$407,794

$213.06

4.8%

$495,000

$312,400

$403,158

$192.28

13.9%

$7,064,655

$449,900

$379,900

$415,568

$238.40

9.1%

$6,368,854

$637,000

$310,461

$454,918

$209.20

7.5%

$3,239,119

$368,410

$352,900

$359,902

$261.76

4.8%

Village @ King Mountain

$3,859,750

$540,000

$429,900

$482,469

$223.41

4.3%

Central Fairhaven

$4,080,989

$610,000

$567,000

$582,998

$216.78

3.7%

June Road Cottages Condo

$2,415,550

$356,150

$329,900

$345,079

$243.56

3.7%

Sudden Valley

$2,383,500

$429,900

$369,900

$397,250

$171.79

3.2%

Semiahmoo Shore Condo

$5,132,189

$357.74

2.7%

Birch Stree

$2,923,911

$623,296

$551,523

$584,782

$277.86

2.7%

Alabama Street New Whatcom

$1,499,700

$300,000

$299,900

$299,940

$299.94

2.7%

Paradise Lakes

$1,244,800

$260,000

$215,000

$248,960

$178.87

2.7%

Skyridge Condo

$2,198,500

$750,000

$699,000

$732,833

$255.97

1.6%

Village Green

$1,524,800

$549,900

$469,900

$508,267

$224.07

1.6%

Birch Bay Village

$1,409,000

$520,000

$369,000

$469,667

$235.14

1.6%

Malibu Estates

$1,344,000

$490,000

$419,000

$448,000

$165.38

1.6%

Maple Ridge

$1,153,989

$386,000

$383,989

$384,663

$176.12

1.6%

Hawks Landing

$1,083,000

$381,000

$338,000

$361,000

$184.48

1.6%

Hovel Estates

$954,575

$340,000

$303,325

$318,192

$167.00

1.6%

Carnoustie-semiahmoo

$1,176,000

$600,000

$576,000

$588,000

$295.44

1.1%

Sunnybrook

$1,080,000

$550,000

$530,000

$540,000

$214.54

1.1%

Wiser Lake Ridge

$983,810

$568,810

$415,000

$491,905

$206.64

1.1%

Heron Crest

$959,000

$490,000

$469,000

$479,500

$218.45

1.1%

Pacific Highlands

$896,100

$465,100

$431,000

$448,050

$183.07

1.1%

First to New Whatcom

$875,000

$480,000

$395,000

$437,500

$287.32

1.1%

The Tides @ Birch Bay

$589,800

$299,900

$289,900

$294,900

$256.31

1.1%

Parkhurst

$1,275,000

$309.47

0.5%

Fairhaven Harbor Twnhms

$787,000

$299.81

0.5%

Boundary Ridge

$750,000

$404.09

0.5%

Hughes

$699,000

$206.74

0.5%

TOTAL

162

$70,433,689 $1,275,000 $215,000

$434,776

$225.06

86.6%

Vol XXVIII • No 5 LAM@realestats.net • 360.798.4014

High Price Low Price

$1,172,854 $795,000 $1,026,438

$1,275,000 $1,275,000 $1,275,000

REAL ESTATS ≤

WHATCOM County Washington May 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

$3,670,144

$560,000

North Prairie

$10,482,098

Larrabee Springs South

The Meadows

Semiahmoo Shore Condo

$5,132,189

Central Fairhaven

$4,080,989

$610,000

$567,000

Village @ King Mountain

$3,859,750

$540,000

The Commons @ Cordata

$3,239,119

$368,410

Birch Stree

$2,923,911

June Road Cottages Condo

$2,415,550

Average Price

Average $/SF

% Mkt $

$116,144

$407,794

$213.06

4.3%

$495,000

$312,400

$403,158

$192.28

12.3%

$7,064,655

$449,900

$379,900

$415,568

$238.40

8.3%

$6,368,854

$637,000

$310,461

$454,918

$209.20

7.5%

$357.74

6.0%

$582,998

$216.78

4.8%

$429,900

$482,469

$223.41

4.5%

$352,900

$359,902

$261.76

3.8%

$623,296

$551,523

$584,782

$277.86

3.4%

$356,150

$329,900

$345,079

$243.56

2.8%

High Price Low Price

$1,172,854 $795,000 $1,026,438

Sudden Valley

$2,383,500

$429,900

$369,900

$397,250

$171.79

2.8%

Skyridge Condo

$2,198,500

$750,000

$699,000

$732,833

$255.97

2.6%

Village Green

$1,524,800

$549,900

$469,900

$508,267

$224.07

1.8%

Alabama Street New Whatcom

$1,499,700

$300,000

$299,900

$299,940

$299.94

1.8%

Birch Bay Village

$1,409,000

$520,000

$369,000

$469,667

$235.14

1.7%

Malibu Estates

$1,344,000

$490,000

$419,000

$448,000

$165.38

1.6%

Parkhurst

$1,275,000

$309.47

1.5%

Paradise Lakes

$1,244,800

$260,000

$215,000

$248,960

$178.87

1.5%

Carnoustie-semiahmoo

$1,176,000

$600,000

$576,000

$588,000

$295.44

1.4%

Maple Ridge

$1,153,989

$386,000

$383,989

$384,663

$176.12

1.4%

Hawks Landing

$1,083,000

$381,000

$338,000

$361,000

$184.48

1.3%

Sunnybrook

$1,080,000

$550,000

$530,000

$540,000

$214.54

1.3%

Wiser Lake Ridge

$983,810

$568,810

$415,000

$491,905

$206.64

1.2%

Heron Crest

$959,000

$490,000

$469,000

$479,500

$218.45

1.1%

Hovel Estates

$954,575

$340,000

$303,325

$318,192

$167.00

1.1%

Pacific Highlands

$896,100

$465,100

$431,000

$448,050

$183.07

1.1%

First to New Whatcom

$875,000

$480,000

$395,000

$437,500

$287.32

1.0%

Fairhaven Harbor Twnhms

$787,000

$299.81

0.9%

Boundary Ridge

$750,000

$404.09

0.9%

Hughes

$699,000

$206.74

0.8%

Bay View

$674,000

$263.28

0.8%

TOTAL

161

$70,517,889 $1,275,000 $215,000

$437,999

$225.06

87.3%

Vol XXVIII • No 5 www.realestats.net • 360.798.4014

$1,275,000 $1,275,000 $1,275,000

REAL ESTATS ≤

WHATCOM County Washington May 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

Larrabee Springs Inc

$7,064,655

$449,900

Greenbriar Construction Corp

$3,601,900

$549,900

Alliance Properties 2000 LLC

$3,859,750

Cordata Green LLC

$2,533,319

June Road North LLC

$2,415,550

$356,150

$329,900

$345,079

$243.56

3.7%

Rubicon Idc LLC

$2,932,243

$530,000

$399,500

$488,707

$226.55

3.2%

Jubilee Star Investments LLC

$1,914,700

$415,000

$299,900

$319,117

$287.06

3.2%

DBW Whatcom LLC

$5,132,189

$357.74

2.7%

Average Price

Average $/SF

% Mkt $

$379,900

$415,568

$238.40

9.1%

$334,900

$400,211

$217.51

4.8%

$540,000

$429,900

$482,469

$223.41

4.3%

$368,410

$352,900

$361,903

$266.26

3.7%

High Price Low Price

$1,172,854 $795,000 $1,026,438

Skeers Construction Inc

$2,923,911

$623,296

$551,523

$584,782

$277.86

2.7%

Hummingbirds Nest Egg LLC

$2,358,000

$610,000

$567,000

$589,500

$220.69

2.1%

Everkept Construction Inc

$1,514,210

$568,810

$312,400

$378,553

$195.89

2.1%

K & S Ents LLP

$2,198,500

$750,000

$699,000

$732,833

$255.97

1.6%

Heron Point Holdings Llp

$1,722,989

$588,989

$567,000

$574,330

$211.57

1.6%

Whatcom Investment Group LLC

$1,365,000

$495,000

$435,000

$455,000

$243.03

1.6%

Savchuk Sergey & Svetlana

$1,169,700

$409,900

$369,900

$389,900

$179.65

1.6%

Summit View Const NW LLC

$1,083,000

$381,000

$338,000

$361,000

$184.48

1.6%

Next Adventure LLC

$1,176,000

$600,000

$576,000

$588,000

$295.44

1.1%

Pacific Edge Builders LLC

$937,250

$480,000

$457,250

$468,625

$176.33

1.1%

Tyler Carlson Homes LLC

$925,000

$490,000

$435,000

$462,500

$149.43

1.1%

AJW Builders

$924,800

$544,900

$379,900

$462,400

$270.10

1.1%

Landtek Ents Inc

$907,900

$459,000

$448,900

$453,950

$219.32

1.1%

Pritam Homes LLC

$896,100

$465,100

$431,000

$448,050

$183.07

1.1%

Greeneway LLC

$889,000

$520,000

$369,000

$444,500

$232.56

1.1%

Sherlock Homes Dev LLC

$833,900

$424,900

$409,000

$416,950

$208.48

1.1%

Frost Creek Investments LLC

$769,461

$459,000

$310,461

$384,731

$165.43

1.1%

Paradigm Building Ventures LLC

$767,989

$384,000

$383,989

$383,995

$165.31

1.1%

Janicki Residential

$705,800

$352,900

$246.00

1.1%

Heutink Living Trust

$651,250

$340,000

$311,250

$325,625

$186.41

1.1%

Birch Bay Hideaway LLC

$589,800

$299,900

$289,900

$294,900

$256.31

1.1%

Luashenko Vitaliy & Svetlana

$509,900

$259,900

$250,000

$254,950

$173.84

1.1%

TOTAL

121

$55,273,766 $1,172,854 $250,000

$456,808

$225.06

64.7%

Vol XXVIII • No 5 LAM@realestats.net • 360.798.4014

REAL ESTATS ≤

WHATCOM County Washington May 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

$7,064,655

DBW Whatcom LLC

$5,132,189

Alliance Properties 2000 LLC

$3,859,750

$540,000

$429,900

Greenbriar Construction Corp

$3,601,900

$549,900

$334,900

High Price Low Price $449,900

$379,900

Average Price

Average $/SF

% Mkt $

$415,568

$238.40

8.3%

$357.74

6.0%

$482,469

$223.41

4.5%

$400,211

$217.51

4.2%

$1,172,854 $795,000 $1,026,438

Rubicon Idc LLC

$2,932,243

$530,000

$399,500

$488,707

$226.55

3.5%

Skeers Construction Inc

$2,923,911

$623,296

$551,523

$584,782

$277.86

3.4%

Cordata Green LLC

$2,533,319

$368,410

$352,900

$361,903

$266.26

3.0%

June Road North LLC

$2,415,550

$356,150

$329,900

$345,079

$243.56

2.8%

Hummingbirds Nest Egg LLC

$2,358,000

$610,000

$567,000

$589,500

$220.69

2.8%

K & S Ents LLP

$2,198,500

$750,000

$699,000

$732,833

$255.97

2.6%

Jubilee Star Investments LLC

$1,914,700

$415,000

$299,900

$319,117

$287.06

2.3%

Heron Point Holdings Llp

$1,722,989

$588,989

$567,000

$574,330

$211.57

2.0%

Everkept Construction Inc

$1,514,210

$568,810

$312,400

$378,553

$195.89

1.8%

Whatcom Investment Group LLC

$1,365,000

$495,000

$435,000

$455,000

$243.03

1.6%

Slusher Trent & Amy

$1,275,000

$309.47

1.5%

Next Adventure LLC

$1,176,000

$600,000

$576,000

$588,000

$295.44

1.4%

Savchuk Sergey & Svetlana

$1,169,700

$409,900

$369,900

$389,900

$179.65

1.4%

Summit View Const NW LLC

$1,083,000

$381,000

$338,000

$361,000

$184.48

1.3%

Pacific Edge Builders LLC

$937,250

$480,000

$457,250

$468,625

$176.33

1.1%

Tyler Carlson Homes LLC

$925,000

$490,000

$435,000

$462,500

$149.43

1.1%

AJW Builders

$924,800

$544,900

$379,900

$462,400

$270.10

1.1%

$1,275,000 $1,275,000 $1,275,000

Landtek Ents Inc

$907,900

$459,000

$448,900

$453,950

$219.32

1.1%

Pritam Homes LLC

$896,100

$465,100

$431,000

$448,050

$183.07

1.1%

Greeneway LLC

$889,000

$520,000

$369,000

$444,500

$232.56

1.0%

Sherlock Homes Dev LLC

$833,900

$424,900

$409,000

$416,950

$208.48

1.0%

Fairhaven Harbor Townhomes LLC

$787,000

$299.81

0.9%

Frost Creek Investments LLC

$769,461

$459,000

$310,461

$384,731

$165.43

0.9%

Paradigm Building Ventures LLC

$767,989

$384,000

$383,989

$383,995

$165.31

0.9%

Taylor John N & Terri A

$750,000

$404.09

0.9%

Janicki Residential

$705,800

$352,900

$246.00

0.8%

TOTAL

118

$56,334,816 $1,275,000 $299,900

$477,414

$225.06

66.3%

Vol XXVIII • No 5 www.realestats.net • 360.798.4014

REAL ESTATS ≤

WHATCOM County Washington May 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 5 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 May 2018

Average Monthly Price of Residential Recordings May ‘18 $387,779 A Record

$400,000

$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 5 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 May 2018

There are currently 729 residences for sale and since 413 sold in May, this represents a 1.8 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 5 LAM@realestats.net • 360.798.4014

REAL ESTATS ≤

WHATCOM County Washington May 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%

0.9%

Apr

10.1%

12.7%

8.2%

2.2%

1.7%

1.3%

May

8.5%

7.7%

4.9%

2.2%

1.2%

0.7%

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%

$142.87

4.9%

Average $

$193,616

-2.7%

$201,329

4.0%

$204,587

1.6%

$223,751

9.4%

$203,188

-9.2%

$321,388

58.2%

Vol XXVIII • No 5 www.realestats.net • 360.798.4014

REAL ESTATS ≤

WHATCOM County Washington May 2018

%≈

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

Four Years-to-date Compared County Records

Jan-May 2015

Ch '15 vs '14

Jan-May 2016

Ch '16 vs '15

Jan-May 2017

Ch '17 vs '16

Jan-May 2018

Ch '18 vs '17

Existing Residences

$356,577,152

42.6%

$382,255,701

7.2%

$405,015,512

6.0%

$439,296,271

8.5%

# In County

1,139

32.8%

1,125

-1.2%

1,089

-3.2%

1,068

-1.9%

Largest

$1,850,000

-17.8%

$2,075,000

12.2%

$2,345,000

13.0%

$1,810,000

-22.8%

Average

$313,062

7.4%

$339,783

8.5%

$371,915

9.5%

$411,326

10.6%

Median

$272,680

9.7%

$301,900

10.7%

$327,030

8.3%

$369,000

12.8%

Average $/SF

$185.58

1.9%

$185.46

-0.1%

$204.99

10.5%

$229.11

11.8%

New Construction

$42,048,294

40.1%

$38,929,971

-7.4%

$50,734,664

30.3%

$68,286,285

34.6%

# In County

121

33.0%

103

-14.9%

124

20.4%

154

24.2%

Largest

$705,000

-23.0%

$730,000

3.5%

$923,000

26.4%

$1,275,000

38.1%

Average

$347,507

5.4%

$377,961

8.8%

$409,151

8.3%

$443,417

8.4%

Median

$323,590

5.5%

$358,005

10.6%

$373,208

4.2%

$430,280

15.3%

% Of $ New

10.5%

-1.6%

9.2%

-12.4%

11.1%

20.4%

13.5%

20.9%

% Of Units New

9.6%

0.1%

8.4%

-12.7%

10.2%

21.9%

12.6%

23.3%

Condominiums

$36,453,852

3.4%

$48,855,165

34.0%

$62,075,357

27.1%

$90,382,009

45.6%

# In County

185

10.8%

247

33.5%

250

1.2%

298

19.2%

Average

$197,048

-6.7%

$197,794

0.4%

$248,301

25.5%

$303,295

22.1%

Mobile Homes

$12,576,005

26.7%

$16,349,295

30.0%

$17,122,418

4.7%

$25,881,222

51.2%

# in County

25.7%

101

8.6%

-11.9%

151

69.7%

Plexes

$19,838,124

91.6%

$15,690,500

-20.9%

$10,004,092

-36.2%

$22,498,219

124.9%

# Buildings

63.3%

-26.5%

-25.0%

63.0%

Units

110

59.4%

-16.4%

-28.3%

112

69.7%

Average Unit

$180,347

20.2%

$170,549

-5.4%

$151,577

-11.1%

$200,877

32.5%

Total Volume (Residential)

$467,493,427

39.3%

$502,080,632

7.4%

$544,952,043

8.5%

$646,344,006

18.6%

# In County

1,587

30.1%

1,612

1.6%

1,579

-2.0%

1,715

8.6%

Average Res'l Unit (No Plexes)

$291,063

6.5%

$308,623

6.0%

$344,683

11.7%

$373,337

8.3%

Land

$36,576,367

18.6%

$38,181,796

4.4%

$43,846,366

14.8%

$54,292,317

23.8%

# In County

326

26.8%

257

-21.2%

288

12.1%

313

8.7%

Largest

$1,350,000

-56.5%

$3,493,925

158.8%

$1,526,000

-56.3%

$3,500,000

129.4%

Average

$112,197

-6.5%

$148,567

32.4%

$152,244

2.5%

$173,458

13.9%

Commercial

$138,998,087

-55.9%

$94,355,389

-32.1%

$161,759,822

71.4%

$94,829,067

-41.4%

# In County

118

6.3%

-25.4%

1.1%

103

15.7%

Grand Total Volume

$643,067,881

-5.6%

$634,617,817

-1.3%

$750,558,231

18.3%

$795,465,390

6.0%

Total # In County

2,031

27.9%

1,957

-3.6%

1,956

-0.1%

2,131

8.9%

Vol XXVIII • No 5 LAM@realestats.net • 360.798.4014

REAL ESTATS ≤

WHATCOM County Washington May 2018

%≈

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

Current Month Compared County Records

May '15

Ch '15 vs. '14

May '16

Ch '16 vs. '15

May '17

Ch '17 vs. '16

May '18

Ch '18 vs. '17

Existing Residences

$96,293,397

38.2%

$107,114,416

11.2%

$119,775,731

11.8%

$114,523,035

-4.4%

# In County

286

29.4%

316

10.5%

321

1.6%

267

-16.8%

Largest

$1,850,000

8.8%

$1,110,000

-40.0%

$1,200,000

8.1%

$1,615,000

34.6%

Average

$336,690

6.8%

$338,970

0.7%

$373,133

10.1%

$428,925

15.0%

Median

$289,900

9.0%

$309,000

6.6%

$336,900

9.0%

$390,000

15.8%

Average $/SF

$193.66

3.0%

$189.35

-2.2%

$211.99

12.0%

$236.67

11.6%

New Construction

$11,975,016

67.6%

$11,636,357

-2.8%

$14,442,355

24.1%

$13,012,758

-9.9%

# In County

70.0%

-14.7%

20.7%

-17.1%

Largest

$577,500

-23.0%

$650,525

12.6%

$923,000

41.9%

$1,275,000

38.1%

Average

$352,206

-1.4%

$401,254

13.9%

$412,639

2.8%

$448,716

8.7%

Median

$349,700

4.0%

$405,000

15.8%

$375,090

-7.4%

$435,000

16.0%

% Of $ New

11.1%

18.9%

9.8%

-11.4%

10.8%

9.8%

10.2%

-5.2%

% Of Units New

10.6%

28.0%

8.4%

-20.9%

9.8%

17.0%

9.8%

-0.3%

Condominiums

$12,450,371

10.1%

$15,891,693

27.6%

$18,633,364

17.3%

$22,473,180

20.6%

# In County

1.8%

37.5%

-1.3%

-3.9%

Average

$222,328

8.2%

$206,386

-7.2%

$245,176

18.8%

$307,852

25.6%

Mobile Homes

$4,360,701

105.1%

$4,183,800

-4.1%

$4,625,492

10.6%

$5,878,275

27.1%

# in County

50.0%

7.4%

-24.1%

50.0%

Plexes

$2,753,000

28.5%

$8,243,500

199.4%

$4,003,050

-51.4%

$6,260,200

56.4%

# Buildings

14.3%

75.0%

-28.6%

10.0%

Units

28.6%

100.0%

-30.6%

32.0%

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

$152,944

0.0%

$228,986

49.7%

$160,122

-30.1%

$189,703

18.5%

$127,832,485

38.4%

$147,069,766

15.0%

$161,479,992

9.8%

$162,147,448

0.4%

411

28.0%

465

13.1%

464

-0.2%

413

-11.0%

$310,371

8.0%

$307,819

-0.8%

$346,866

12.7%

$387,779

11.8%

$7,063,674

15.9%

$7,047,521

-0.2%

$11,277,878

60.0%

$13,035,672

15.6%

# In County

3.0%

-24.6%

30.8%

-7.4%

Largest

$365,000

-8.8%

$550,215

50.7%

$1,200,000

118.1%

$2,150,000

79.2%

Average

$102,372

12.6%

$135,529

32.4%

$165,851

22.4%

$206,915

24.8%

Commercial

$61,207,735

-75.9%

$14,825,307

-75.8%

$49,321,062

232.7%

$12,681,015

-74.3%

# In County

18.5%

-43.8%

33.3%

-50.0%

Grand Total Volume

$196,103,894

-44.4%

$168,942,594

-13.9%

$222,078,932

31.5%

$187,864,135

-15.4%

Total # In County

512

23.4%

535

4.5%

556

3.9%

488

-12.2%

Vol XXVIII • No 5 www.realestats.net • 360.798.4014

REAL ESTATS ≤

WHATCOM County Washington May 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 5 www.realestats.net • 360.798.4014

REAL ESTATS ≤

WHATCOM County Washington May 2018

%≈

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

February 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 5 LAM@realestats.net • 360.798.4014

REAL ESTATS ≤

WHATCOM County Washington May 2018

%≈

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

March Compared County Records

Mar '15

Ch '15 vs. '14

Mar '16

Ch '16 vs. '15

Mar '17

Ch '17 vs. '16

Mar '18

Ch '18 vs. '17

Existing Residences

$71,498,509

28.0%

$84,214,638

17.8%

$80,855,571

-4.0%

$86,786,363

7.3%

# In County

236

17.4%

242

2.5%

226

-6.6%

229

1.3%

Largest

$1,100,000

-51.1%

$2,075,000

88.6%

$1,539,000

-25.8%

$1,350,000

-12.3%

Average

$302,960

9.0%

$347,994

14.9%

$357,768

2.8%

$378,980

5.9%

Median

$270,000

8.7%

$304,000

12.6%

$330,000

8.6%

$343,000

3.9%

Average $/SF

$187.65

4.7%

$184.22

-1.8%

$197.78

7.4%

$222.65

12.6%

New Construction

$9,517,211

3.9%

$9,639,583

1.3%

$10,806,464

12.1%

$14,374,958

33.0%

# In County

4.0%

0.0%

-3.8%

32.0%

Largest

$705,000

-23.0%

$730,000

3.5%

$729,000

-0.1%

$568,810

-22.0%

Average

$366,047

-0.1%

$370,753

1.3%

$432,259

16.6%

$435,605

0.8%

Median

$330,450

4.9%

$337,125

2.0%

$423,500

25.6%

$429,000

1.3%

% Of $ New

11.7%

-16.6%

10.3%

-12.6%

11.8%

14.8%

14.2%

20.5%

% Of Units New

9.9%

-10.3%

9.7%

-2.2%

10.0%

2.7%

12.6%

26.5%

Condominiums

$7,461,659

19.2%

$12,076,407

61.8%

$10,147,888

-16.0%

$19,847,740

95.6%

# In County

13.5%

38.1%

-34.5%

94.7%

Average

$177,659

5.0%

$208,214

17.2%

$267,050

28.3%

$268,213

0.4%

Mobile Homes

$2,398,551

145.3%

$4,112,100

71.4%

$3,403,200

-17.2%

$4,963,850

45.9%

# in County

111.1%

10.5%

-14.3%

61.1%

Plexes

$3,323,850

92.5%

$1,837,950

-44.7%

$2,352,500

28.0%

$6,171,271

162.3%

# Buildings

100.0%

-41.7%

-14.3%

100.0%

Units

85.7%

-30.8%

-16.7%

86.7%

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

$127,840

3.7%

$102,108

-20.1%

$156,833

53.6%

$220,403

40.5%

$94,199,780

27.3%

$111,880,678

18.8%

$107,565,623

-3.9%

$132,144,182

22.8%

335

20.5%

354

5.7%

313

-11.6%

377

20.4%

$281,350

5.9%

$317,126

12.7%

$342,714

8.1%

$345,131

0.7%

$6,726,174

54.9%

$11,288,563

67.8%

$12,274,105

8.7%

$11,588,270

-5.6%

# In County

88.1%

-16.5%

15.2%

-7.9%

Largest

$565,000

-22.1%

$3,493,925

518.4%

$1,526,000

-56.3%

$835,000

-45.3%

Average

$85,141

-17.7%

$171,039

100.9%

$161,501

-5.6%

$165,547

2.5%

Commercial

$22,666,130

11.6%

$41,466,928

82.9%

$82,166,500

98.1%

$17,608,297

-78.6%

# In County

7.4%

-17.2%

-16.7%

55.0%

Grand Total Volume

$123,592,084

25.3%

$164,636,169

33.2%

$202,006,228

22.7%

$161,340,749

-20.1%

Total # In County

443

27.7%

444

0.2%

409

-7.9%

478

16.9%

Vol XXVIII • No 5 www.realestats.net • 360.798.4014

REAL ESTATS ≤

WHATCOM County Washington May 2018

%≈

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

April Compared County Records

Apr '15

Ch '15 vs. '14

Apr '16

Ch '16 vs. '15

Apr '17

Ch '17 vs. '16

Apr '18

Ch '18 vs. '17

Existing Residences

$92,661,480

72.9%

$94,635,874

2.1%

$95,306,172

0.7%

$97,491,551

2.3%

# In County

280

61.8%

272

-2.9%

241

-11.4%

237

-1.7%

Largest

$1,800,000

37.4%

$1,290,000

-28.3%

$2,345,000

81.8%

$1,705,000

-27.3%

Average

$330,934

6.8%

$347,926

5.1%

$395,461

13.7%

$411,357

4.0%

Median

$280,000

8.5%

$311,500

11.3%

$337,000

8.2%

$370,000

9.8%

Average $/SF

$194.61

2.7%

$197.78

1.6%

$211.57

7.0%

$234.49

10.8%

New Construction

$9,549,850

79.4%

$8,820,652

-7.6%

$7,237,248

-18.0%

$17,473,643

141.4%

# In County

50.0%

-14.8%

-13.0%

85.0%

Largest

$595,000

32.5%

$600,000

0.8%

$549,000

-8.5%

$699,000

27.3%

Average

$353,698

19.6%

$383,507

8.4%

$361,862

-5.6%

$472,261

30.5%

Median

$312,900

12.5%

$363,000

16.0%

$359,450

-1.0%

$452,900

26.0%

% Of $ New

9.3%

3.4%

8.5%

-8.7%

7.1%

-17.2%

15.2%

115.4%

% Of Units New

8.8%

-6.7%

7.8%

-11.3%

7.7%

-1.7%

13.5%

76.2%

Condominiums

$8,323,262

38.9%

$10,374,495

24.6%

$16,135,134

55.5%

$23,325,183

44.6%

# In County

57.7%

22.0%

32.0%

7.6%

Average

$203,006

-11.9%

$207,490

2.2%

$244,472

17.8%

$328,524

34.4%

Mobile Homes

$2,670,450

-16.0%

$3,950,400

47.9%

$3,424,350

-13.3%

$8,804,500

157.1%

# in County

-4.2%

17.4%

-37.0%

182.4%

Plexes

$6,419,937

198.4%

$989,000

-84.6%

$2,344,500

137.1%

$4,264,500

81.9%

# Buildings

133.3%

-78.6%

100.0%

66.7%

Units

100.0%

-70.0%

77.8%

43.8%

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

$213,998

49.2%

$109,889

-48.6%

$146,531

33.3%

$185,413

26.5%

$119,624,979

70.3%

$118,770,421

-0.7%

$124,447,404

4.8%

$151,359,377

21.6%

385

55.9%

375

-2.6%

350

-6.7%

403

15.1%

$305,135

8.0%

$316,617

3.8%

$354,950

12.1%

$374,287

5.4%

$7,532,395

40.1%

$7,416,906

-1.5%

$11,663,222

57.3%

$9,466,300

-18.8%

# In County

77.8%

-21.3%

25.4%

-13.9%

Largest

$1,350,000

77.0%

$575,000

-57.4%

$900,000

56.5%

$560,000

-37.8%

Average

$94,155

-21.2%

$117,729

25.0%

$147,636

25.4%

$139,210

-5.7%

Commercial

$23,103,678

90.4%

$7,121,500

-69.2%

$17,283,239

142.7%

$22,010,155

27.3%

# In County

64.3%

-52.2%

63.6%

0.0%

Grand Total Volume

$150,261,052

71.2%

$133,308,827

-11.3%

$153,393,865

15.1%

$182,835,832

19.2%

Total # In County

488

59.5%

449

-8.0%

447

-0.4%

489

9.4%

Vol XXVIII • No 5 LAM@realestats.net • 360.798.4014

REAL ESTATS ≤

WHATCOM County Washington May 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 5 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 May 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%

7.6

-37%

$130.26

-4.2%

0.4

$175,001

$200,000

6.7

-43%

$169.40

1.8%

5.4

-19%

$186.31

10.0%

0.9

$200,001

$225,000

8.2

-48%

$180.00

-1.0%

5.2

-36%

$206.11

14.5%

0.8

$225,001

$250,000

184

15.3

-35%

$207.18

14.7%

9.6

-37%

$192.70

-7.0%

0.5

$250,001

$275,000

238

19.8

-21%

$205.88

7.4%

13.6

-31%

$213.56

3.7%

0.7

$275,001

$300,000

269

22.4

-9%

$199.63

5.7%

17.8

-21%

$219.71

10.1%

1.1

$300,001

$350,000

541

45.1

$218.69

10.7%

191

38.2

-15%

$225.63

3.2%

0.9

$350,001

$400,000

391

32.6

12%

$220.31

13.5%

162

32.4

-1%

$230.63

4.7%

1.5

$400,001

$450,000

267

22.3

$224.14

11.1%

111

22.2

$230.97

3.0%

2.0

$450,001

$500,000

180

15.0

16%

$222.44

6.9%

19.2

28%

$241.59

8.6%

2.2

$500,001

$600,000

226

18.8

26%

$235.87

5.2%

17.8

-5%

$234.73

-0.5%

3.6

$600,001

$700,000

128

10.7

14%

$254.45

8.2%

10.8

$254.65

0.1%

4.7

$700,001

$800,000

5.3

19%

$262.37

12.6%

4.8

-9%

$294.57

12.3%

8.1

$800,001

$900,000

2.3

33%

$263.40

-22.4%

2.2

-6%

$261.71

-0.6%

6.4

$900,001

- $1,000,000

1.0

-14%

$282.13

-10.2%

2.2

120%

$267.82

-5.1%

6.4

3.8

61%

$349.82

-3.7%

4.6

23%

$400.26

14.4%

12.2

-8%

$215.91

11.1%

1,068

213.6

-11%

$229.11

6.1%

456

2.1

$203.72

11.5%

$215.61

5.8%

*Date

6/18/18

$1,000,001 -

Sky

Overall Total

2,894 241.2

Median

Vol XXVIII • No 5 LAM@realestats.net • 360.798.4014

REAL ESTATS ≤

WHATCOM County Washington May 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%

162

32.4

-2.6%

$475,780

9.4%

$309.84 11.6%

14.7% $221.35 11.0%

193

38.6

-6.4%

$476,827

8.7%

$238.06

7.5%

-15.0% $415,097

8.3%

$216.39 13.6%

173

34.6

-23.1%

$438,829

5.7%

$226.73

4.8%

26.1

-17.4% $362,265

11.8% $202.63 10.0%

120

24.0

-8.0%

$358,526

-1.0%

$206.51

1.9%

1.9

-50.0% $382,863

2.0%

$212.54 14.0%

4.0

108.7% $494,153

29.1% $234.54 10.3%

98244

6.0

0.0%

$299,492

15.2% $201.66 19.2%

4.0

-33.3%

$329,996

10.2% $183.33

98247

104

8.7

33.3%

$352,483

6.1%

$193.71

6.9%

8.0

-7.7%

$386,298

9.6%

$215.63 11.3%

98248

331

27.6

-14.0% $345,740

6.3%

$196.34

7.0%

122

24.4

-11.5%

$359,495

4.0%

$206.32

5.1%

98262

2.5

20.0%

$395,525

14.9% $247.27

-3.9%

2.8

12.0%

$336,439

-14.9% $245.66

-0.6%

98264

334

27.8

12.5%

$372,898

12.6% $195.27 11.1%

119

23.8

-14.5%

$395,146

6.0%

$196.57

98266

5.1

1.7%

$192,586

17.7% $138.57 14.2%

4.6

-9.5%

$206,702

7.3%

$154.31 11.4%

98268

0.0

98276

2.2

98281

98284 98295

1.0%

Avg$

$438,599

-9.1%

0.7%

0.2

$371,000

$170.03

-13.3% $279,731

7.1%

$168.11

2.6%

2.2

1.5%

$275,945

-1.4%

$167.64

-0.3%

3.5

-25.0% $335,769

33.8% $266.00 40.8%

2.8

-20.0%

$272,964

-18.7% $177.75 -33.2%

6.9

16.9%

7.4%

$193.88 18.9%

4.4

-36.4%

$346,800

21.1% $210.79

3.2

-22.4% $298,615

15.6% $169.27 15.9%

2.8

-11.6%

$293,893

-1.6%

$286,316

Vol XXVIII • No 5 www.realestats.net • 360.798.4014

8.7%

$205.29 21.3%

REAL ESTATS ≤

WHATCOM County Washington May 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

$271.58

5.9%

1,575

$404,974

282

1960's

$199.88

4.5%

1,766

$336,659

166

$210.15

5.1%

1,810

$350,200

146

$241.49 14.9%

1,721

$387,343

1970's

$181.40

4.6%

1,677

$295,677

495

$201.48 11.1%

1,722

$328,602

473

$211.30

4.9%

1,746

$350,367

163

1980's

$182.32

-3.7%

1,893

$333,881

221

$204.26 12.0%

1,840

$366,870

204

$211.04

3.3%

1,918

$378,211

1990's

$185.97

3.8%

2,009

$367,180

581

$202.97

9.1%

2,070

$402,008

514

$208.92

2.9%

2,053

$419,328

198

2000

$182.97

-1.0%

2,152

$382,711

$216.01 18.1%

2,086

$422,690

$230.44

6.7%

2,411

$502,079

2001

$191.87

-0.5%

2,085

$391,342

$222.40 15.9%

2,326

$537,612

$259.45 16.7%

2,172

$520,846

2002

$202.43

4.0%

2,284

$461,813

$202.46

0.0%

2,178

$431,062

$239.08 18.1%

1,962

$457,140

2003

$173.62

-1.3%

1,948

$334,002

$207.28 19.4%

2,200

$444,359

$198.72

-4.1%

2,129

$414,317

2004

$177.02

2.9%

2,167

$376,752

101

$198.04 11.9%

2,225

$449,763

$197.86

-0.1%

2,347

$444,389

2005

$168.65

-0.8%

2,118

$353,442

146

$196.24 16.4%

2,227

$434,165

104

$200.74

2.3%

1,942

$394,775

2006

$167.29

3.6%

2,320

$381,448

116

$181.12

8.3%

2,239

$397,823

111

$182.72

0.9%

2,489

$440,049

2007

$176.75

2.6%

2,449

$427,678

$195.97 10.9%

2,245

$437,858

$198.39

1.2%

2,607

$499,182

2008

$177.05

0.7%

2,321

$408,883

$197.38 11.5%

2,308

$426,575

$193.31

-2.1%

2,298

$427,300

2009

$187.15

-1.1%

1,981

$380,823

$201.02

7.4%

2,069

$417,312

$292.27 45.4%

2,278

$615,079

2010

$191.88 12.1%

1,914

$352,555

$217.84 13.5%

1,830

$393,155

$174.62 -19.8%

2,815

$461,781

2011

$185.27

7.0%

1,989

$370,359

$225.31 21.6%

2,064

$450,822

$210.43

-6.6%

1,942

$400,300

2012

$185.39

1.5%

2,036

$370,159

$214.22 15.6%

1,932

$413,932

$191.54 -10.6%

2,102

$403,600

2013

$196.57 11.9%

2,189

$419,383

$207.83

5.7%

1,962

$396,239

$260.75 25.5%

1,911

$434,648

2014

$195.47

2,046

$398,143

$201.52

3.1%

2,016

$389,331

$247.40 22.8%

2,411

$615,292

$222.60

1,844

$407,209

$235.38

5.7%

2,006

$446,885

$213.34

2,050

$428,560

2015

New Construction

2016

New Construction

Vol XXVIII • No 5 LAM@realestats.net • 360.798.4014

New Construction

REAL ESTATS ≤

WHATCOM County Washington May 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 5 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 May 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%

0.8

380%

$126.54

-19.9%

1.3

$200,001

- $225,000

0.2

-50%

$143.91

2.6%

0.2

20%

$199.07

38.3%

0.0

$225,001

- $250,000

0.6

$171.93

-1.3%

0.2

-66%

$188.82

9.8%

0.0

$250,001

- $275,000

0.4

-64%

$192.66

-4.2%

0.6

44%

$168.82

-12.4%

0.0

$275,001

- $300,000

2.2

-21%

$201.81

-1.0%

0.4

-82%

$299.95

48.6%

2.5

$300,001

- $350,000

4.5

$198.99

8.6%

2.8

-38%

$192.73

-3.1%

0.4

$350,001

- $400,000

3.3

-9%

$201.44

8.7%

5.2

56%

$211.46

5.0%

1.3

$400,001

- $450,000

5.0

40%

$198.00

3.5%

8.2

64%

$207.27

4.7%

0.7

$450,001

- $500,000

2.9

150%

$197.00

-1.4%

4.8

65%

$211.98

7.6%

2.7

$500,001

- $600,000

3.4

105%

$230.46

3.8%

5.6

64%

$241.92

5.0%

2.7

$600,001

- $700,000

1.3

200%

$237.85

4.5%

1.6

28%

$232.46

-2.3%

1.3

$700,001

- $800,000

0.5

20%

$196.53

-17.3%

0.2

-60%

$404.09

105.6%

15.0

$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%

0.2

140%

$309.47

23.3%

25.0

299

24.9

20%

$205.30

4.5%

154

30.8

24%

$215.12

4.8%

1.8

$200.27

4.0%

$208.83

4.3%

$1,000,001 -

Sky

Overall Total Median

Vol XXVIII • No 5 LAM@realestats.net • 360.798.4014

*Date 6/18/18

REAL ESTATS ≤

WHATCOM County Washington May 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%

1.0

71.4%

$416,229

-7.4%

$222.77

4.8%

98226

4.3

-8.9%

$438,413

18.9% $225.13

6.5%

5.8

36.5%

$445,632

1.6%

$246.32

9.4%

98229

3.8

36.4%

$576,258

14.6% $233.81

7.1%

6.6

76.0%

$520,861

-9.6%

$231.31

-1.1%

98230

3.3

29.0%

$438,732

14.4% $189.75

3.3%

2.8

-16.0%

$468,000

6.7%

$214.74 13.2%

98240

0.2

$385,500

$169.68

0.0

-100.0%

98244

0.2

$696,373

$238.84

0.2

20.0%

$451,000

98247

1.0

71.4%

$378,663

11.9% $195.86

9.4%

1.6

60.0%

$393,749

4.0%

$187.60

-4.2%

98248

5.9

24.6%

$409,468

14.1% $205.24

9.9%

4.2

-29.0%

$449,713

9.8%

$198.34

-3.4%

98264

3.9

30.6%

$387,656

-8.0%

$195.24

9.6%

6.8

73.6%

$409,915

5.7%

$193.65

-0.8%

98266

0.8

350.0%

$219,531

1.6%

$161.91

5.9%

1.0

33.3%

$248,960

13.4% $178.87 10.5%

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

0.8

6.7%

$328,644

Vol XXVIII • No 5 www.realestats.net • 360.798.4014

-6.2%

-35.2% $449.20 88.1%

10.2% $159.80 15.5%

REAL ESTATS ≤

WHATCOM County Washington May 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 5 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 May 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%

12.2

-29%

$202.60

12.2%

0.7

$175,001

$200,000

6.8

$205.48

12.5%

4.8

-30%

$200.32

-2.5%

0.6

$200,001

$225,000

5.9

$219.93

12.8%

5.8

-2%

$223.27

1.5%

1.2

$225,001

$250,000

5.1

17%

$221.55

11.2%

5.0

-2%

$233.54

5.4%

1.2

$250,001

$275,000

2.9

-5%

$212.77

-7.5%

6.2

113%

$222.22

4.4%

0.8

$275,001

$300,000

2.5

15%

$233.52

-15.0%

4.6

84%

$253.58

8.6%

0.4

$300,001

$350,000

4.3

89%

$237.37

0.8%

4.4

$261.23

10.1%

1.4

$350,001

$400,000

1.7

-26%

$288.28

8.6%

4.2

152%

$254.13

-11.8%

0.7

$400,001

$450,000

1.6

27%

$287.64

5.0%

1.8

14%

$342.65

19.1%

1.7

$450,001

$500,000

0.8

100%

$275.43

-11.9%

0.2

-76%

$276.04

0.2%

5.0

$500,001

$600,000

1.3

114%

$316.94

0.9%

1.6

28%

$299.78

-5.4%

0.6

$600,001

$700,000

0.6

40%

$344.04

2.6%

0.6

$354.61

3.1%

3.3

$700,001

$800,000

0.2

-50%

$381.16

-4.4%

0.6

260%

$384.70

0.9%

5.0

$800,001

$900,000

0.0

$900,001

- $1,000,000

0.1

$484.83

0.0

-100%

0.2

$691.56

1.2

620%

$409.30

-40.8%

0.8

612

51.0

-5%

$218.14

12.1%

266

53.2

$239.54

9.8%

1.1

$204.53

18.7%

$226.29

10.6%

$1,000,001 -

Sky

Overall Total Median Median Price

$210,000

Vol XXVIII • No 5 www.realestats.net • 360.798.4014

14.7%

$246,500

*Date 6/18/18

17.4%

REAL ESTATS ≤

WHATCOM County Washington May 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 5 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 May 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%

$282.48

11.2%

0.0

$300,001

$350,000

1.3

$244.48

10.8%

1.2

-10%

$241.38

-1.3%

0.0

$350,001

$400,000

0.1

$235.46

2.0

2300%

$261.29

11.0%

1.0

$400,001

$450,000

0.1

-50%

$140.28

-46.4%

0.4

380%

$208.48

48.6%

0.0

$450,001

$500,000

0.0

-100%

0.0

$500,001

$600,000

0.0

$600,001

$700,000

0.1

$263.01

0.2

140%

$317.87

20.9%

0.0

$700,001

$800,000

0.2

100%

$346.50

90.8%

0.8

380%

$273.42

-21.1%

7.5

$800,001

$900,000

0.3

$391.36

0.2

-20%

$329.94

-15.7%

25.0

$900,001

$1,000,000

0.1

$407.20

0.0

-100%

$1,000,001

Sky

0.2

100%

$375.03

-8.4%

0.6

260%

$371.64

-0.9%

3.3

3.8

28%

$281.14

15.3%

6.4

67%

$273.34

-2.8%

2.3

$248.90

7.3%

$260.22

4.5%

*Date

6/18/18

Overall Total Median Median Price

$324,020

Vol XXVIII • No 5 www.realestats.net • 360.798.4014

6.3%

$357,575

10.4%

REAL ESTATS ≤

WHATCOM County Washington May 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%

12.2

-9.1%

$311,781

3.0%

$274.89

1.3%

-10.6%

$242,001 10.6% $213.22

15.2%

18.2

17.4%

$301,516

24.6%

$238.31

11.8%

5.8

-18.8%

$210,137 26.9% $190.84

24.3%

6.8

18.3%

$258,837

23.2%

$210.62

10.4%

119

9.9

35.2%

$257,302 18.0% $227.77

9.7%

13.0

31.1%

$364,641

41.7%

$270.71

18.9%

98244

1.1

-38.1%

$86,915

15.4%

1.6

47.7%

$95,613

10.0%

$148.36

13.0%

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%

$338,180

84.8%

$184.75

1.3%

98264

5.4

6.6%

$238,641 11.8% $178.17

13.1%

5.0

-7.7%

$273,545

14.6%

$189.22

6.2%

98266

0.2

$196,000

$157.39

0.6

260.0%

$201,700

2.9%

$148.71

-5.5%

98276

0.1

$179,900

$140.00

0.0

-100.0%

98281

0.2

-33.3%

$299,000 120.1% $280.88

106.2%

0.4

140.0%

$239,500 -19.9% $184.92

98284

0.4

-61.5%

$231,245

$488.92

-16.2%

0.6

44.0%

$289,929

25.4%

$493.67

1.0%

98295

0.3

-50.0%

$155,875 16.7% $125.88

28.0%

0.2

-40.0%

$175,000

12.3%

$113.93

-9.5%

Avg$

Vol XXVIII • No 5 LAM@realestats.net • 360.798.4014

Ch in Avg $

$/SF

43.9% $131.34

3.3%

-34.2%

REAL ESTATS ≤

WHATCOM County Washington May 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%

11.4

43%

$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%

10.8

-19%

$100,001

- $150,000

5.3

33%

6.7

25%

126

10.5

58%

8.8

-16%

$150,001

- $200,000

1.3

2.6

107%

3.8

45%

2.2

-41%

$200,001

- $300,000

0.5

-33%

1.3

167%

2.2

63%

2.2

$300,001

sky

0.5

20%

0.7

33%

1.3

88%

2.0

60%

TOTAL

449

37.4

-22%

413

34.4

-8%

533

44.4

29%

212

42.4

-5%

Average Price:

$76,306

27%

$100,574

32%

$108,009

$107,274

-1%

% Avg Lot/Avg New Home

21.3%

19%

25.2%

18%

25.0%

24.2%

-3%

Median Price:

$75,000

50%

$85,750

14%

$96,500

13%

$85,000

-12%

% 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%

17%

$17,114

-2%

- 5,000

$62,163

12%

$95,812

54%

$125,228

31%

$122,700

-2%

5,001 - 7,500

14%

$82,939

17%

16%

$91,238

10%

119

22%

$91,907

13%

$92,163

7,501 - 10,000

114

25%

$80,691

103

25%

$86,989

139

26%

$109,600

26%

22%

$106,252

-3%

10,001 - 15,000

15%

$111,158

35%

22%

$101,152

-9%

16%

$132,750

31%

29%

$119,832

-10%

15,001 - 43,559

18%

$111,510

105

25%

$142,678

28%

18%

$142,491

16%

$184,446

29%

$76,306

27%

413

$100,574

32%

533

$108,009

212

$107,274

-1%

Total

449

Vol XXVIII • No 5 www.realestats.net • 360.798.4014

REAL ESTATS ≤

WHATCOM County Washington May 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%

1.6

48%

$50,001

$75,000

1.0

-56%

2.3

125%

0.9

-59%

2.2

140%

$75,001

- $100,000

2.8

36%

2.8

-3%

2.3

-18%

1.2

-47%

$100,001

- $150,000

4.2

3.6

-14%

2.7

-26%

4.0

50%

$150,001

- $200,000

2.5

36%

2.8

10%

2.2

-21%

4.2

94%

$200,001

- $300,000

1.7

122%

1.3

-25%

1.8

40%

4.4

151%

$300,001

sky

0.9

175%

0.4

-55%

1.2

180%

1.4

20%

TOTAL

171

14.3

167

13.9

-2%

144

12.0

-14%

19.0

58%

Average Price:

$154,446

33.9%

$132,469

-14.2%

$169,368

27.9%

$169,413

0.0%

Median Price:

$126,756

26.8%

$110,500

-12.8%

$136,667

23.7%

$155,000

13.4%

Average $/Acre

$55,526

22.1%

$43,821

-21.1%

$56,873

29.8%

$53,326

-6.2%

Vol XXVIII • No 5 LAM@realestats.net • 360.798.4014

REAL ESTATS ≤

WHATCOM County Washington May 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 5 www.realestats.net • 360.798.4014

REAL ESTATS ≤

WHATCOM County Washington May 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 5 LAM@realestats.net • 360.798.4014

REAL ESTATS ≤

WHATCOM County Washington May 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 5 www.realestats.net • 360.798.4014