By now everyone knows the great weather has arrived in Whatcom County. Hopefully, you were able to get in on some the activities and didn't miss the hole in one (13th hole) during the NCAA Div II championship hosted at Loomis Trail, I don't think anyone in the area missed The Ski to Sea.
On a different note. Real Estate activity in Whatcom County has started to increase. It is that time of year when business does increase. However, looking at the numbers, it appears that the $8,000 tax credit, low interest rates and a great inventory to choose from has sparked an increase in pendings and solds.
Lenders have tightened their guidelines and continue to do so. However, with a great credit score a few other lender requirements, you can get a great deal on your dream home.
I have listed below the current ratios for the area. January '09 numbers versus May 23, 2009. The ratios give us numeric pulse of the business. 0-45% (buyers Market) 45-55 (balanced Market) 55-100 (Sellers Market)
By watching the ratios, you can keep an accurate reading of market trends by price break and area.
Location January (ratio) May (ratio)
Bellingham 13.50 26.09
Blaine 8.22 14.41
Ferndale 11.89 18.45
Lynden 13.19 15.24
Sudden Valley 19.67 22.70
The ratios have been tracked on a weekly basis. If you want to look at the steady progression of percentages, go to: www.WhatcomCountyHomeSearch.com Move down the left side of buttons. You will find all of the above locations with individual buttons/information and graphs.
Hope this blog entry was helpful.
If you need additional information, give me a call.


