Prices “spiking” as home buyers compete for scarce inventory

April 5th, 2013

Brokers added 9,332 new listings to the Northwest Multiple Listing Service database during March, but pending sales topped that number to further crimp inventory and trigger competitive bidding among buyers who are flocking to open houses.

Northwest MLS figures show year-over-year prices jumped 14.9 percent for the 21 counties in its service area. The median price for last month’s closed sales of single family homes and condominiums (combined) was $258,500, rising from $225,000 for the same month a year ago.

Muljat Group Realtors | 510 Lakeway Drive | Bellingham, WA | 360-733-3030 | www.muljatgroup.com |

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Whatcom County posts strong Residential Sales in January

February 8th, 2013

Whatcom County real estate sales are off to a strong start in 2013, according to a new report.

Local real estate agents sold 142 houses and condominiums last month, making it the busiest January since 2008, according to data from the Northwest Multiple Listing Service. It’s a 20.3 percent increase compared to January 2012.

New listings are already ahead of last year, according to the NWMLS data. Last month had 288 new listings locally, up 19.5 percent compared to 2012.

To read more information visit http://bit.ly/XSaXRb

Muljat Group Realtors | 510 Lakeway Drive | Bellingham, WA | 360-733-3030 | www.muljatgroup.com |

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Whatcom home sales the highest in five years

January 4th, 2013

The Whatcom County real estate market in 2012 was at its busiest in five years, led by particularly strong sales in Bellingham and Lynden.

Last year real estate agents sold 2,077 single-family homes in Whatcom County, up 12.8 percent in the past year and the highest annual total since 2007, according to a new report from Lylene Johnson, a real estate agent at the Muljat Group.

Home sales improved throughout the year, with sales especially strong in the fourth quarter. In the final three months of 2012, Whatcom County home sales were up 21.8 percent compared to the same period in 2011.

In Whatcom County, the median price was $250,000, up 3.2 percent compared to 2011.

Based on the latest data and some anecdotal evidence, Johnson is expecting activity to carry over into the first few months of 2013.

Visit http://bit.ly/VJb67W to read more information.

Muljat Group Realtors | 510 Lakeway Drive | Bellingham, WA | 360-733-3030 | www.muljatgroup.com |

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The Month of November

December 5th, 2012

Real Estate brokers expected some seasonal slowing during November, but last month’s falloff was less than what some industry veterans anticipated. Members of Northwest Multiple Listing Service reported 6,522 pending sales last month – the highest total for November in six years.

New figures from the MLS show last month’s pending sales rose 6.9 percent compared to a year ago, and was the best November for mutually accepted offers since 2006 when members tallied 7,022 pending transactions.

Closed sales and selling prices both rose during November versus a year ago, while the selection continued to shrink.

Muljat Group Realtors | 510 Lakeway Drive | Bellingham, WA | 360-733-3030 | www.muljatgroup.com |

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Housing Recovery Continues with prices rising as inventory dips to lowest level since 2006

November 5th, 2012

Brokers reported 6,000 closed sales of single family homes and condominiums last month, outperforming the year-ago volume by 1,236 transaction for an increase of nearly 26 percent.

Prices on October’s sales were up 10.4 percent compared to twelve months ago. The median price for last month’s closed sales of single family homes and condominiums (combined) was $251,625; a year ago the figure was $228,000.

Prices for single family homes, which accounted for more than 86 percent of October’s sales, rose more than 11 percent, while prices for condominiums jumped 16.6 percent.

If you would like more information and/or if you have any questions, please call us at 360-733-3030.

Muljat Group Realtors | 510 Lakeway Drive | Bellingham, WA | 360-733-3003 | www.muljatgroup.com |

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Don’t forget to “Fall” Back!

November 2nd, 2012

Muljat Group Realtors | 510 Lakeway Drive | Bellingham, WA | 360-733-3030 | www.muljatgroup.com |

 

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Whatcom home sales improving, but market still in recovery

October 5th, 2012

There were 216 closings on single-family homes and condominiums reported last month. That’s up 3.35 percent from September 2011. Numbers of closed sales in Whatcom County throughout the year have been above those reported in 2011, according to NMLS data.

Last month, brokers reported 5,535 closed sales in Washington—up nearly 11 percent from September 2011.

Sale prices are also improving. The median home sales price last month in Whatcom County was $239,944, according to NMLS. It’s a 6.64 percent increase from September 2011.

To read more information visit http://bit.ly/SvHqOS .

Muljat Group Realtors | 510 Lakeway Drive | Bellingham, WA | 360-733-3030 | www.muljatgroup.com |

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NEW Muljat Group Mobile App

September 24th, 2012

The Muljat Group is introducing the NEW “Muljat Group Realtors” mobile app! Search Hot New listings, Short Sale & Bank Owned Listings, Open Houses and much more straight from your phone 24/7!

The new Muljat app which can be accessed from any smart phone, has a “House Cam” option. If you would like a free broker price opinion on the value of your home, take as many pictures of your home as you want for a free evaluation! It’s as simple as taking a picture and hitting send!

You may download the app by simply going to your App/Market/Play Store on your phone. Search “Muljat”, click on the app, and hit download!

If you have any suggestions and /or comments, we would love to hear your feedback! You may call the office at 360-733-3030 or email us at frontdesk@muljatgroup.com.

Muljat Group Realtors | 510 Lakeway Drive | Bellingham, WA | 360-733-3030 | www.muljatgroup.com |

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Muljat Group Annual Boat Ride

September 20th, 2012

Muljat Group Realtors Annual Summer Boat Ride!

 

 

 

Muljat Group Realtors | 510 Lakeway Drive | Bellingham, WA | 360- 733-3030 | www.muljatgroup.com |

 

 

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Real Estate market improving in Whatcom County

August 16th, 2012

Recent reports indicate the Whatcom County housing market continues to slowly improve.

Last month Whatcom County real estate agents sold 224 homes and condominiums, a 21.7 percent increase compared to July 2011, according to data from the Northwest Multiple Listing Service. However, last month’s total is down from June, when 271 homes and condos were sold.

Whatcom County also continued its trend of rising prices. The median price for homes and condos sold in July was $254,800, a 3.5 percent increase compared to a year earlier.

The median price for homes and condos sold last month across 21 counties the NWMLS serves was $254,900.

To read the full post, visit Bellingham Herald at http://bit.ly/RhB2un

 

Muljat Group Realtors | 510 Lakeway Drive | Bellingham, WA | 360-733-3030 | www.muljatgroup.com |

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