Posted on December 17, 2009
Whatcom County - November was a busy month for property transactions in several Whatcom County communities, according to a monthly report put out by First American Title. There were 166 property sales in Bellingham last month, which was more than double the 82 transactions in November 2008.
That's down slightly from October 2009 however, when there were 182 total sales. Total property sales cover residential, commercial, industrial and undeveloped land.
For the areas of Ferndale, Lynden and Blaine, there were 153 property sales last month, compared to 105 in November 2008. In October 2009 there were 174 sales.
The most significant activity was in used, single-family homes. There were 111 sales of such homes in November in Bellingham, compared to 48 in November 2008. In the north-county communities, there were 95 sales of used homes, up from 43 in November 2008.
The increase in sales last month is having an impact on year-to-date totals. Through 11 months of 2009, total property sales are down 11 percent in Bellingham and 12.5 percent in Lynden, Ferndale and Blaine, compared to 2008. For the first half of this year, year-to-date totals were down more than 25 percent, which means that sales are improving as we move forward in this market.