Check out the latest Whatcom County Home stats for February 2020 and compare them to February 2019!
Well, we are in March already and spring is just around the corner! You know what that means for people who are exploring the idea of buying or selling their next home, REAL ESTATE MADNESS!! OK, maybe that is a little dramatic, but spring time is when most people think about putting their current home on the market and move to the next phase of either needing more room or downsizing.
As home buyers and sellers get ready for this exciting time of year, here are the latest stats from the Northwest Multiple Listing Service regarding the housing market for February 2020 and comparing them to the same month of the previous year.
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Whatcom County Residential Activity for Feb. 2020
New Listings:- 244 New Listings (Feb 2019):- 190
All Active Listings:- 389 All Active Listings (Feb 2019):- 451 = -14%
Whatcom County Condo Activity for Feb 2020
New Listings:- 39 New Listings (Feb 2019):- 34
All Active Listings:- 62 All Active Listings (Feb 2019):- 59 = +4%
What about current Pending Stats?
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Whatcom Residential Pending Activity for Feb. 2020
Pending Listings:- 270 Pending Listings (Feb. 2019):- 228 = +19%
Whatcom County Condo Pending Activity for Feb. 2020
Pending Listings:- 50 Pending Listings (Feb. 2019):- 47 = +6%
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Last but not Least….. The SOLD stats for Whatcom County in Feb. 2020 compared to Feb. 2019
Whatcom County Residential Closed Activity for Feb. 2020
Closed Listings:- 149 Closed Listings (Feb. 2019):- 159 = -9%
Whatcom County Condo Closed Activity for Feb. 2020
Closed Listings:- 28 Closed Listings (Feb. 2019):- 31 = -10%
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Whatcom County Average Sale Price for Feb. 2020
Closed Sale Price Average:- $474,000 Closes Sale Price Average (Feb. 2019):- $485,850 = -2.5%
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As you can see, there was about Ten Percent less closings than at the same time period last year, and approx. the same decline for new/active listings (at least residential), but the overall activity (Pendings) has increased quite a bit. That will tell you a couple of things.
1: People are getting a jump start on the “spring RE season”.
2: We will have even less months of inventory than we had the previous months (meaning amount of listings available at the current rate of sales).
Is it time for you to get going on your home buying/selling goals already? If so TAKE ADVANTAGE OF THESE INCREDIBLE INTEREST RATES NOW
Have Questions on what it takes to either buy a home or what you should do when selling your home? Don’t hesitate to ask for a copy of our FREE “Guide to Buying a Home” PDF, and of course our “Guide to Selling Your Home” PDF. I will email one or both directly to your inbox!
Remember to sign up for my “Automated Email Alert System” that will send new home listings to your inbox as soon as they hit the market!
(Click on the link on the upper right of the page)
Request a free Market Valuation for your current home to see how selling impacts the purchase of your next home from financing to timetables.
(Click on the link on the upper right of the page)
There is some related good news for buyers as well. We are STILL seeing historic low interest rates (in the mid to upper 3%’s) and it seems that will continue for the next few months at least. There are also many incredible financing (low-0% down) options that help buyers get into homes.
Contact me and I can get you a great list of lenders who offer tons of first time home buyer programs as well!!
I look forward to hearing from you soon!
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