Whatcom home sales continue their rise

SAL_Cordata01

More than a few of us were surprised by all the Whatcom County real estate sales activity last month. Most expected some level of recovery on the Pacific Northwest housing market, especially as compared to this time last year, but home and condo sales were actually more than double than numbers from November 2008, according to the Northwest Multiple Listing Service.

235 homes and condos sold last month, much higher than November ’08’s severely low 117.  In fact, these numbers are the best since 2006.

As usual, one potential reason for the rise in activity is the first-time home buyer credit, which may have helped first-timers take the leap into home ownership.

While sales are up, median sales prices continue to fall.  In Whatcom County, the median price on homes and condos sold was $240,250, down from $250,900 two months ago.  Skagit County is also seeing some recovery, with 121 homes and condos sold last month (up from 51 November of last year).  However, their median sales prices have fallen more dramatically over the past year.

The tax credit really makes this a great time to purchase.  However, it’s not a great time to be out there on your own in the housing market.  If you’re looking for an trustworthy, personal Pacific Northwest real estate agent who can help you navigate these uncharted waters and make a Northwest home purchase that makes sense for you and your family, pick up the phone and give me a call, or feel free to browse my no-hassle free Pacific Northwest MLS search.

Leave a Reply

Your email address will not be published. Required fields are marked *