Ferndale Real Estate Market Report for March, 2010

Ferndale Real Estate Market Report for February, 2010

The following is a quick analysis of the Ferndale real estate market.

There are currently 227 homes for sale.

• Homes are priced from $94,500 – $1,500,000
• Average Asking Price is $379,193 Days on Market are 123 days
• Median Asking Price is $319,900 Days on Market are 69 days
• Homes sold in February: 12
• Average Listing Price $315,183
• Average Sold Price $306,208 Days on the Market 79
• Median Listing Price $297,000
• Median Sold Price $287,500 Days on Market 67
• Homes Pending this week: 10 Total Homes Pending: 50

• Average Sales Price February, 2009: $334,252
• Median Sales Price February, 2009: $279,900
• Sold in February, 2009: 11

The Average Sales price is down 8.3% compared to February, 2009 and up 17.8% compared to last month, January, 2009.

The Median Sales prices is up 2.7% compared to February, 2009 and up 16.9% compared to last month, January, 2009.

The number of sales is down up 1 compared to February, 2009 and is down 12 compared to last month, January, 2009.

Looks like Ferndale prices have come up almost 20% from last years lows but seem to be trending down again.

The  First Time Home Buyer’s Tax Credit of $8,000 available to anyone who hasn’t owned a home in the past 3 years has been extended until April 2010.  The new program has also expanded the tax credit to include existing home owners who have owned a home for at least five of the last 8 years. You will be able to apply for tax credits of up to $6,500 when you purchase your next home. You might want to talk to your banker to see what you can afford. Meanwhile interest rates are still extremely low and there are some great values in the Bellingham market right now. You might want to take a look at what it would cost you to purchase one of these homes at today’s rates. You might be surprised at what your monthly payments would be, maybe less than your paying for rent right now if you are renting a comparable sized house.

If you have any questions or want to see any Bellingham Property feel free to email me at or give me a call at 360-739-6981

Ferndale Real Estate Market Report for January, 2010

There are currently 201 homes for sale.

• Homes are priced from $94,500 – $1,500,000
• Average Asking Price is $384,702 Days on Market are 134 days
• Median Asking Price is $328,500 Days on Market are 97 days
• Homes sold in January: 24
• Average Listing Price $268,044
• Average Sold Price $259,758 Days on the Market 96
• Median Listing Price $245,950
• Median Sold Price $246,000 Days on Market 69
• Homes Pending this week: 10 Total Homes Pending: 50

• Average Sales Price January, 2009: $227,486 Days on the Market: 68
• Median Sales Price January, 2009: $228,000 Days on the Market:  49
• Sold in January, 2009: 7

The Average Sales price is up 19.8% compared to January, 2009 and down 7.4% compared to last month, December 2009.

The Median Sales prices is up 7.8% compared to January, 2009 and up .2% compared to last month, December 2009.

The number of sales is down up 17 compared to January, 2009 and is up 6 compared to last month, December 2009.

Looks like Ferndale prices have come up almost 20% from last years lows but seem to be trending down again.

The  First Time Home Buyer’s Tax Credit of $8,000 available to anyone who hasn’t owned a home in the past 3 years has been extended until April 2010.  The new program has also expanded the tax credit to include existing home owners who have owned a home for at least five of the last 8 years. You will be able to apply for tax credits of up to $6,500 when you purchase your next home. You might want to talk to your banker to see what you can afford. Meanwhile interest rates are still extremely low and there are some great values in the Bellingham market right now. You might want to take a look at what it would cost you to purchase one of these homes at today’s rates. You might be surprised at what your monthly payments would be, maybe less than your paying for rent right now if you are renting a comparable sized house.

If you have any questions or want to see any Bellingham Property feel free to email me at or give me a call at 360-739-6981

Whatcom County, tribe reach deal on Lummi Island ferry

It looks like life will continue without disruptions for the roughly 1,000 permanent residents of Lummi Island.

Whatcom County officials and the Lummi Nation have announced an agreement on a new long-term lease for the Gooseberry Point ferry dock,  ensuring uninterrupted ferry service between Gooseberry Point and Lummi.

The current lease expires Feb. 14, and thing were looking shaky for island residents. The County even did a tet run to Fairhaven.

Rumor has it that fares and schedules for the Whatcom Chief ferry may change once a final, long-term deal is done.

Tribal leaders have recently stated their goal was the eventual relocation of the ferry dock, and they expressed reluctance to consider any lease renewal beyond five years. But Tuesday’s announcement said the tribe and county have reached “a conceptual agreement for a 25-year lease with an option to renew for an additional 25 years……………………..Both the Lummi Nation and Whatcom County are committed to continuing to work in a spirit of cooperation to develop a final agreement in a timely manner,”

So if you’re considering a move to Lummi Island, you won’t have to worry about whether or not you’ll have a way to get to your new home. The ferry will be around for many years to come.

If your interested in Lummi Island homes give me a call, there are some great deals there.

Lummi Island Ferry’s Test Run to Fairhaven

Whatcom County officials have scheduled a test docking of the Whatcom Chief in Fairhaven for Tuesday, Jan. 26.

The reason for this unusual test is that the Lummi Island ferry dock lease with Lummi Nation expires Feb. 14. Negotiations are in progress, but the county wants to be prepared if no deal is reached. The county needs to make sure they have a backup plan in place for getting people and vehicles on and off the island.

Port of Bellingham and County engineers have been studying the feasibility of docking the ferry at the port’s Bellingham Cruise Terminal, where presently an Alaska state ferry docks every Friday.

The run to Fairhaven would be 50 minutes compared to the 10 minute trip to the present site. There are also issues about getting children to school who go to Ferndale schools.

A new group of island residents has formed called Protect Lummi Island Community, they would prefer to see efforts focus on a long-term agreement with the Lummi’s to keep the ferry dock at it’s present location.

Ferndale Real Estate Market Report for December, 2009

There are currently 189 homes for sale.

• Homes are priced from $119,900 – $1,500,000
• Average Asking Price is $381,749 Days on Market are 139 days
• Median Asking Price is $314,950 Days on Market are 97 days
• Homes sold in December: 18
• Average Listing Price $294,868
• Average Sold Price $280,614 Days on the Market 118
• Median Listing Price $247,950
• Median Sold Price $245,450 Days on Market 103
• Homes Pending this week: 4 Total Homes Pending: 38

• Average Sales Price December 2008: $275,602 Days on the Market: 83
• Median Sales Price December 2008: $230,000 Days on the Market:  50
• Sold in December 2008: 21

The Average Sales price is up 1.8% compared to December 08 and down 5.9% compared to last month, November 09.

The Median Sales prices is up 6.7% compared to December 08 and down .6% compared to last month, November 09.

The number of sales is down by 3 compared to December 08 and is down 2 compared to last month, November 09.

The  First Time Home Buyer’s Tax Credit of $8,000 available to anyone who hasn’t owned a home in the past 3 years has been extended until April 2010.  The new program has also expanded the tax credit to includeexisting home owners who have owned a home for at least five of the last 8 years. You will be able to apply for tax credits of up to $6,500 when you purchase your next home. You might want to talk to your banker to see what you can afford. Meanwhile interest rates are still extremely low and there are some great values in the Bellingham market right now. You might want to take a look at what it would cost you to purchase one of these homes at today’s rates. You might be surprised at what your monthly payments would be, maybe less than your paying for rent right now if you are renting a comparable sized house.

If you have any questions or want to see any Bellingham Property feel free to email me at or give me a call at 360-739-6981

Ferndale Real Estate Market Report for November, 2009

There are currently 205 homes for sale.

• Homes are priced from $69,900 – $1,500,000
• Average Asking Price is $383,692 Days on Market are 137 days
• Median Asking Price is $319,900 Days on Market are 99 days
• Homes sold in November: 20
• Average Listing Price $303,688
• Average Sold Price $298,420 Days on the Market 94
• Median Listing Price $248,475
• Median Sold Price $243,950 Days on Market 82
• Homes Pending this week: 8 Total Homes Pending: 50

• Average Sales Price November 2008: $305,298
• Median Sales Price November 2008: $300,000
• Sold in November 2008: 11

The Average Sales price is down 2.3% compared to November 08 and up 14.5% compared to last month, October  09.

The Median Sales prices is down 23.0% compared to November 08 and down 2.6% compared to last month, October  09.

The number of sales is down up by 9 compared to November 08 and is down 4 compared to last month, October 09.

Great news the  First Time Home Buyer’s Tax Credit of $8,000 available to anyone who hasn’t owned a home in the past 3 years has been extended until April 2010.  The new program will also expand the tax credit to include existing home owners who have owned a home for at least five of the last 8 years will be able to apply for tax credits of up to $6,500 when they purchase their next home.

You might want to talk to your banker to see what you can afford. Meanwhile interest rates are still extremely low and there are some great values in the Bellingham market right now. You might want to take a look at what it would cost you to purchase one of these homes at today’s rates. You might be surprised at what your monthly payments would be, maybe less than your paying for rent right now if you are renting a comparable sized house.

If you have any questions or want to see any Bellingham Property feel free to email me at or give me a call at 360-739-6981

Ferndale Real Estate Market Report for October, 2009

Ferndale Real Estate Market Report for September, 2009

Ferndale Real Estate Market Report for August, 2009

Next Page »