2014 REAL ESTATE MARKET ENDED ON A HIGH NOTE!

Whatcom County’s real estate market ended 2014 on a high note.
Based on date from the Northwest Multiple Listing Service home sales and prices were strong in the beginning of the year, lagged in the middle, and finished strong.
Whatcom County – Median price, $280,000, up 7.7 percent; average price, $314,719, up 8.4 percent; units sold, 2,532, up 5.1 percent; DOM, 103, up 3.0 percent.
Bellingham – Median price, $298,883, up 1.3 percent; average price, $349,461, up 2.4 percent; units sold, 1,140, up 2.2 percent; DOM, 75, unchanged.
Birch Bay/Blaine – Median price, $230,000, up 3.6 percent; average price, $275,033, up 6.9 percent; units sold, 293, up 2.1 percent; DOM, 145, up 12.4 percent.
Ferndale – Median price, $267,500, up 0.9 percent; average price, $284,440, up 5.0 percent; units sold, 391, up 17.1 percent; DOM, 114, up 11.8 percent.
Lynden – Median price, $264,000, up 3.5 percent; average price, $287,131, up 4.3 percent; units sold, 225, up 7.7 percent; DOM, 105, up 8.2 percent.
Mount Baker – Median price, $135,000 up 28.8 percent; average price, $162,290, up 11.2 percent; units sold, 168, up 12.0 percent; DOM, 150, down 11.2%.
Nooksack Valley – Median price, $228,500, up 0.9 percent; average price, $237,667, up 5.2 percent; units sold, 104, up 19.5 percent; DOM, 98, down 26.3 percent.
Sudden Valley – Median price, $226,000, up 7.6 percent; average price, $235,361, up 5.4 percent; units sold, 160, down 0.6 percent; DOM, 112, up 3.7 percent.
Source: Bellingham Business Journal, Lylene Johnson