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SUNDAY FEB 12, 2012

Skagit County Home with Business – Retail Space

Wanna get away and do your own thing. Here’s a beautiful 2bed/1bath living area with an attached retail space on the North Cascades Hwy – one of the most scenic highways in America. The North Cascades feature prestine out doors with skiing, hiking, hunting and fishing. This property would make a great Skagit River raft business location.

Cottage Industry is a fantastic way to create one’s own life style, make a living, follow a passion and eliminate the daily commute. Cottage Industry exist through out the country. They can be found in any setting – urban, suburban or rural but in WA State most Cottage Industry is found in rural and semi-rural locations. For anyone that did not click on the link and is not familiar with the term, Cottage Industry is simply manufacturing and/or creating your own products at home. The sale of products may be either wholesale or retail.

Often those seeking to operate a Cottage Industry are looking for a safe, clean, healthy and asthetic enviroment to establish their home and business.  Finding the right location can be a challenge. One area may have a great setting and enviroment but zoning problems bar any sort of commercial activity. Finding the zoning that allows for commercial aspect put’s one in a commercial or industrial area that often is not a desirable place to live.

It is a commercial property with an attached 2bed/1bath very nicely set up living quarters and sits on on the Nation’s most beautiful scenic Hwys – The North Cascades Hwy . The above property is set up to not only produce products but also

Search for other Skagit County Properties for Sale

Dan Pittsenbarger

360-312-5857

Managing Broker – Keller Williams Bellingham

dan@BellinghamHomeTour.com

BellinghamHomeTour.com

Search for Bellingham Homes For Sale        Bellingham Real Estate

Posted at 12:12PM Feb 12, 2012 by Daniel Pittsenbarger in General  |  Comments[0]

WEDNESDAY FEB 08, 2012

Birch Bay Homes Prices – 2011 Year End Real Estate Statistics

Below are the 2011 year end statistics for homes in the Blaine/Birch Bay MLS zone. The first section covers all Birch Bay & Blaine area homes that were actively listed for sale. The second section covers all Birch Bay & Blaine area homes that actually sold.

Area 880  Blaine/Birch Bay Active Listings

Month of Dec New Listings 14 units in ’11 vs 22 units in ’10  Down 36.4%

YTD New Listings 442 units in ’11 vs 552 units in ’10 Down 19.9%

Month of Dec Total Active Listings 164 units in ’11 vs 199 units in ’10 Down 17.6%

Month of Dec Ave List Price $462,977 in ’11 vs $377,877 in ’10 Up 22.5%

The YTD Average List Price – $444,936 in ’11 vs $417,490 in ’10 Up 6.6%

Month of Dec Median List Price – $278,950 in ’11 vs $252,000 in ’10  Up 10.7%

The YTD Median List Price – $288,950 in ’11 vs $297,500 in ’10  Down 2.9%

Average Days on Market – 163 days in ’11 vs 154 days in ’10.  Up 5.8%

As you can see while asking prices for homes in Birch Bay are down for 2011, the inventory of homes for sale in Birch Bay is down by nearly 20% for the year.

Area 880  Blaine/Birch Bay Sold Homes

Month of Dec # of homes sold – 20 units in ’11 vs 19 units in ’10  Up 5.3%

YTD Number of Homes Sold – 240 units in ’11 vs 255 units in ’10  Down 5.9%

Month of Dec Ave Sold Price – $235,818 in ’11 vs $293,316 in ’10  Down 19.6%

YTD Average Sold Price – $241,746 in ’11 vs $264,928 in ’10  Down 8.8%

Month of Dec Med. Sold Price – $203,825 in 111 vs $215,000 in ’10 – Down 5.2%

YTD Med. Sold Price – $204,500 in ’11 vs $217,445 in ’10  Down 6.0%

Market time with from 151 days in ’11 vs 126 days in ’10  Up 19.8%

Like much of Whatcom County. Sold prices on homes in Birch Bay were down for the year. But unlike most of the rest of Whatcom County which was either maintianed the number of homes selling, units sold, the number of homes sold in Birch Bay was also down.

Dan Pittsenbarger

360-312-5857

Managing Broker – Keller Williams Bellingham

dan@BellinghamHomeTour.com

BellinghamHomeTour.com

Search for Bellingham Homes For Sale     Bellingham Real Estate

Posted at 01:06PM Feb 08, 2012 by Daniel Pittsenbarger in Real Estate  |  Comments[0]

Glacier Home prices for 2011 Real Estate stats

Below is a summary of Glacier, Deming,  Maple Falls and Acme home prices and sales activity for 2011. The first table shows the what homes sellers in the Maple Falls area are asking for, list prices. The second table shows what they actually sold for.

Area 895- Acme/Deming/Maple Falls/Glacier Area Active Listings

Month of Dec New Listings – 9 units in ’11 vs 10 units in ’10 – Down 10.0%

YTD New Listings – 309 units in ’11 vs 318 units in ’10  Down 2.8%

Month of Dec Total Active Listings – 120 units in ’11 vs 110 units in ’10  Up 9.1 %

Month of Dec Ave List Price $241,176 in ’11 vs $275,220 in ’10 – Down 12.4%

The YTD Average List Price – $235,039 in ’11 vs $255,251 in ’10 – Down 7.9%

Month of Dec Median List Price – $197,000 in ’11 vs $194,950 in ’10 – Up 1.1%

The YTD Median List Price – $189,900 in ’11 vs $195,000 in ’10 – Down 2.6%

Average Days on Market – 152 days in ’11 vs 153 days in ’10. – Down less than 1%

As you can see asking prices were down 7.9% but inventory was also down for the year.

Area 895  Acme/Deming/Maple Falls/Kendall/Glacier Solds

Month of Dec # of homes sold – 12 units in ’11 vs 8 units in ’10 – Up 50.0%

YTD Number of Homes Sold – 121 units in ’11 vs 127 units in ’10 – Down 4.7%

Month of Dec Ave Sold Price – $113,500 in ’11 vs $199,181 in ’10 – Down 43.0%

YTD Average Sold Price – $114,155 in ’11 vs $123,859 in ’10 – Down 7.8%

Month of Dec Med. Sold Price – $94,250 in ’11 vs $179,500 in ’10 – Down 48.6%

YTD Med. Sold Price – $59,500 in ’11 vs $114,000 in ’10 – Down 47.8%

Market time with from 122 days in ’11 vs 101 days in ’10 – Up 20.8%

Dan Pittsenbarger

360-312-5857

Managing Broker – Keller Williams Bellingham

dan@BellinghamHomeTour.com

BellinghamHomeTour.com

Search for Bellingham Homes For Sale       Bellingham Real Estate

Posted at 12:40PM Feb 08, 2012 by Daniel Pittsenbarger in Real Estate  |  Comments[0]

Lynden Home Prices for 2011 statistics

Below is a summary of  Lynden, Wa home prices and sales activity for 2011. The first table shows the what homes sellers in Lynden were asking for, list prices. The second table shows what they actually sold for.

Area 885 – Lynden Active Listings

Month of Dec New Listings – 8 units in ’11 vs 17 units in ’10 – Down 52.9 %

YTD New Listings – 365 units in ’11 vs 360 units in ’10 – Up 1.4%

Month of Dec Total Active Listings – 117 units in ’11 vs 120 units in ’10 – Down 2.5%

Month of Dec Ave List Price $336,827 in ’11 vs $348,806 in ’10 – Down 3.4%

The YTD Average List Price – $333,080 in ’11 vs $355,018 in ’10 – Down 6.2%

Month of Dec Median List Price – $300,000 in ’11 vs $288,900 in ’10 – Up 3.8%

The YTD Median List Price – $294,950 in ’11 vs $314,950 in ’10 – Down 6.4%

Average Days on Market – 130 days in ’11 vs 160 days in ’10 – Down 18.8%

As you can see while asking prices were down, so was the number of homes on the market.

Area 885 – Lynden Sold Homes

Month of Dec # of homes sold ’11 units in ’11 vs 7 units in ’10 – Up 57.1%

YTD Number of Homes Sold – 183 units in ’11 vs 180 units in ’10 – Up 1.7%

Month of Dec Ave Sold Price – $268,405 in ’11 vs $314,757 in ’10 – Down 14.7%

YTD Average Sold Price – $281,659 in ’11 vs $286,614 in ’10 – Down 1.7%

Month of Dec Med. Sold Price – $234,000 in ’11 vs $312,000 in ’10 – Down 25.0%

YTD Med. Sold Price – $258,900 in ’11 vs $265,750 in ’10 – Down 2.6%

Market time with from 105 days in ’11 vs 108 days in ’10 – Down 2.8%

By the end of the year, Lynden home prices only fell 1.7%. And interestingly, more homes sold in Lynden in 2011 compared to 2010.

Dan Pittsenbarger

360-312-5857

Managing Broker – Keller Williams Bellingham

dan@BellinghamHomeTour.com

BellinghamHomeTour.com

Search for Bellingham Homes For Sale           Bellingham Real Estate

Posted at 12:34PM Feb 08, 2012 by Daniel Pittsenbarger in Real Estate  |  Comments[0]

Everson/Nooksack/Sumas Real Estate Statistics for 2011

Everson area home price tables for 2011 are shown below. The first table shows Everson, Nooksack, Sumas are home data on active/listed properties. The second table shows what homes actually sold for in the Nooksack area.

Area 890 – Everson/Nooksack/Sumas Area Active Listings

Month of Dec New Listings – 2 units in ’11 vs 6 units in ’10 – Down 66.7%

YTD New Listings – 148 units in ’11 vs 173 units in ’10 – Down 14.5%

Month of Dec Total Active Listings – 41 units in ’11 vs 63 units in ’10 – Down 34.9%

Month of Dec Ave List Price $288,706 in ’11 vs $265,928 in ’10 – Up 8.6%

The YTD Average List Price – $283,135 in ’11 vs $285,200 in ’10 – Down less than 1%

Month of Dec Median List Price – $249,500 in ’11 vs $235,000 in ’10 – Up 6.2%

The YTD Median List Price – $229,900 in ’11 vs $249,900 in ’10 – Down 8.0%

Average Days on Market – 151 days in ’11 vs 131 days in ’10 – Up 15.3%

As you can see asking prices dropped less than 1% in 2011 in the Nooksack area and inventories were down 14.5% for the year.

Area 890 – Everson/Nooksack/Sumas

Month of Dec # of homes sold – 6 units in ’11 vs 7 units in ’10- Down 14.3%

YTD Number of Homes Sold – 75 units in ’11 vs 70 units in ’10 – Up 7.1%

Month of Dec Ave Sold Price – $158,250 in ’11 vs $221,785 in ’10 – Down 28.6%

YTD Average Sold Price – $210,658 in ’11 vs $236,651 in ’10 – Down 11.0%

Month of Dec Med. Sold Price – $166,000 in ’11 vs $220,000 in ’10 – Down 24.5%

YTD Med. Sold Price – $194,500 in ’11 vs $231,750 in ’10 – Down 16.1%

Market time with from 131 days in ’11 vs 142 days in ’10 – Down 7.7%

While asking prices remained the same, the sold prices dropped 11% in 2011 even though more homes sold int he Nooksack area in 2011 compared with 2010.

Dan Pittsenbarger

360-312-5857

Managing Broker – Keller Williams Bellingham

dan@BellinghamHomeTour.com

BellinghamHomeTour.com

Search for Bellingham Homes For Sale                  Bellingham Real Estate

Posted at 12:29PM Feb 08, 2012 by Daniel Pittsenbarger in Real Estate  |  Comments[0]

TUESDAY OCT 04, 2011

Tips for Canadains Purchasing Real Estate in Bellingham Whatcom County

Here’s some tips for Canadians to keep in mind when buying homes or other real estate in Bellingham or Whatcom County. These guidelines are actually not limited to Canadians buying in Whatcom County but would also apply for Canadians purchasing real estate anywhere in the US.

First off, there are not any laws preventing a Canadian from buying and owning property in the US. I’m frequently asked by Canadians if they can buy real estate in the US. The simple answer is “yes”. All immigration laws must be followed but a Canadian can buy and own real estate in the US.

The most common obstacle on the buying end for a Canadian purchasing property in Bellingham or anywhere in the US is getting state side financing. For Bellingham or Whatcom County, Washington Federal (WA Fed for short) in Bellingham is the only lender I know of locally that will offer US financing to Canadian borrowers. Their phone number is 360-671-1144. Call them for rates and down payment amounts which vary depending on the Canadian borrower’s overall scene. Depending on how organized one is and whether or not all of their Canadian paperwork (taxes) is current and to hand, be prepared for a 1 week to 10 day pre-approval process. Do not expect a quicky one day pre-approval process. WA Fed only does the full meal deal (fully documented pre-approval process). Also expect the loan to require a larger down payment (anywhere from 20% to 50%+) and the interest rate to be higher than the advertised downpayment requirements and rates one hears being available to those with US residency status. WA Fed should be contacted to get the specifics on downpayment requirements and interest rates.

To get around the non-optimum financing situation state side, many of the Canadian buyers I work with often refi their Canadian home or other properties in Canada (if they have enough equity there) and pay cash for the real estate they are considering state side. This has the added benefit of increasing their negoiating position on their state side purchase. Nothing like a cash offer to get a seller’s attention and consideration.

The other main point to be aware on the buying end of things (although not directly affecting the purchase, but a ramification) is that the Canadian Revenue Agency will require that you disclose any asset purchased outside of Canada that’s worth more than $100K. This means that you will have to include form T-1135 each year with when you do your Canadian taxes. And, word is that the CRA is now enforcing this and fining those that do not comply. Here’s few links concerning that particular topic.

http://www.marketwire.com/press-release/cra-income-earned-abroad-is-taxable-826962.htm http://www.jamiegolombek.com/pdf/AER%20Oct%202010%20Golombek.pdf http://tipscanada.com/canadian-tax-ips-on-foreign-income-2010/ So, that’s about it on the purchase end for a Canadian purchasing a home in Bellingham or Whatcom County. However, before buying in Bellingham or anywhere stateside, one should be aware of the selling process when one wants to eventually sell their stateside property in the future. In my opinion, the selling side can have more significant issues than the buying end of things.  When you go to sell, the US IRS can comes into play. That is FIRPTA. And FIRPTA- Foreign Investor Real Estate Property Tax Act – kicks in if you sell the home to anyone but someone with US residency and is planning to make the home their primary residence. If you sold the place to another Canadian or even a US citizen that is buying the home to use as a rental property or a second home, then the IRS will require the title/escrow company to withhold 10% of the purchase at closing (when you sell). And if you don’t really owe 10% to the IRS for income tax, you will have to file a US tax return to get a refund on any money withheld for the IRS but not actually owed them. For example, you purchase for $230K and let’s say you changed your mind and sold in a year from now and prices haven’t changed much and you sell for $235K. With your closing costs on the purchase and closing cost on the sale you would actually loose a little money because “typical” real estate fees here are 5-6% (but are negotiable) and other misc fees come to around 2.5%. So, your total cost to sell is around 7.5% to 8.5%. Thus paying $230K and selling for $235K you would actually only get 91.5% to 92.5% of the $235K sale and actually loose a little bit of money and not “owe” the IRS anything. However, even though you “lost” money the IRS will withhold 10% at closing when you sell – if the buyer is anything but someone with US Residency that is buying the place to use as there primary residence. In the example shown above, you would get all of this 10% back since you didn’t realize any profit – but you would have to file a US tax return to get it back. There’s a little more to it, but I’m trying to keep it simple and easy to understand. Here is a link or two to info on FIRPTA. http://www.irs.gov/businesses/small/international/article/0,,id=105000,00.html http://en.wikipedia.org/wiki/Foreign_Investment_in_Real_Property_Tax_Act So other than getting a US loan, the reporting to the Canadian Dept of Rev when you do your taxes up there ( by including the T-1135 form) and dealing with FIRPTA when the time comes to sell, I don’t know of any other significant issues pertaining to Canadians buying real estate in the Bellingham Whatcom County area or anywhere in the US. Call or email me if you have any questions. This information has been provided as a guide. I am not a CPA or tax guy. Moss Adams at 206-676-1920 or Roy Lentz at 206-734-2172 can help you with any specific tax or FIRPTA questions. Of course I’m happy to help anyone from north of the border find just the right property in the Belilngham area. I provide real estate services to all of Whatcom and Skagit Counties.

Dan Pittsenbarger

360-312-5857

Managing Broker – Keller Williams Bellingham

dan@BellinghamHomeTour.com

BellinghamHomeTour.com

Search for Bellingham Homes For Sale         Bellingham Real Estate

Posted at 07:43PM Oct 04, 2011 by Daniel Pittsenbarger in Real Estate  |  Comments[0]

SUNDAY OCT 02, 2011

Homes Sold In Bellingham WA

Hope you are doing well. I’m enjoying sending out this Improving Conditions series. I was thinking about what I should put in this week’s issue. Real Estate-wise the best news is that the number of homes that sold in Whatcom County in August of 2011 was 215 compared to 171 in August of 2010 – that’s an increase in activity of 25.7%.  And, the inventory of homes listed is down too. In Aug of 2010 there were 1,813 Active listings in Whatcom County compare to 1,618 in August of 2011. That’s a decrease in inventory of 10.8%.  So with more homes selling and fewer homes on the market and historically low interest rates – it’s a pretty good foundation for an improving market.

However, I did realize that you may have a situation or topic that you would like help with or want more data about. What’s needed and wanted in your day to day life? I will do my best to help you improve that condition as well. Have a terrific week.

Dan Pittsenbarger

360-312-5857

Managing Broker – Keller Williams Bellingham

dan@BellinghamHomeTour.com

BellinghamHomeTour.com

Search for Bellingham Homes For Sale         Bellingham Real Estate

Posted at 04:56PM Oct 02, 2011 by Daniel Pittsenbarger in Real Estate  |  Comments[0]

SATURDAY SEP 10, 2011

Bellingham 2 Homes on Acreage for the Price of One

Bellingham Homes for Sale – Two homes for the price of one! Very well maintained property & outbuildings in a gorgeous setting. Tree lined driveway. Manufactured home is loaded with upgrades and is 3 bedrooms and 1 1/2 bathrooms. Farmhouse is approximately 800 square feet with 3 bedrooms and 1 bathroom. It is currently tenant occupied. This property also includes a 20 x 20 garage and a 30 x 40 shop with a 3/4 bathroom, high bay doors and heat. Fruit trees and pasture. Priced at $275K

While both structures are older, both are in very good condition and the property features amenities like a heat pump for both efficient heat and for those few days/yr when A/C is nice. There’s a covered patio and a huge open deck for enjoying the out doors whether one prefers or needs a roof or wants to enjoy the open sky. Some of the buildings and sheds on the property may have some historical significance dating back to the 1800’s.

Dan Pittsenbarger

360-312-5857

Managing Broker – Keller Williams Bellingham

dan@BellinghamHomeTour.com

BellinghamHomeTour.com

Search for Bellingham Homes For Sale                 Bellingham Real Estate

Posted at 12:45PM Sep 10, 2011 by Daniel Pittsenbarger in General  |  Comments[0]

SUNDAY JUN 19, 2011

Bellingham Home Prices Predicted to Rise in 2011

So what is going to happen with homes prices in Bellingham WA. Some say things are going to continue to decline while other sources indicated we already on our way back up. I think we’ve past the bottom and are on our way back up, however the attitude and actions of the general public will determine the future.

There’s plenty of doom and gloom out there to be found about both the real estate market in general as well as the Bellingham/Whatcom County real estate market. However, there occasional articles and reports that communicate a more positive spin.

As I believe that confidence and mind set of the general public is the number one factor related to the economy and all the various markets (stocks, real estate, cars – any type of market), I do like it when there’s actually a positive article/report in the press.

Here’s a link to a Wall Street Journal article naming Bellingham, WA the number 5 city to have increasing home values. http://goo.gl/rKJI1  .

The article also includes other cities predicted to have rising real estate markets in 2011 & 2012. Enjoy the article and have a productive week.

 Search for Bellingham Homes for Sale

Bellingham Real Estate

Dan Pittsenbarger

360-312-5857

Managing Broker – Keller Williams Bellingham

dan@BellinghamHomeTour.com

BellinghamHomeTour.com

Search for Bellingham Homes For Sale                     Bellingham Real Estate

Posted at 09:10AM Jun 19, 2011 by Daniel Pittsenbarger in General  |  Comments[0]

 

Bellingham Home by the Beach

Typically any Bellingham home for sale close enough to the saltwater to smell the salt air comes with a hefty price.

This Bellingham area home is only 1.5 blocks from the beach and has a partial saltwater view and is priced under $140K. The home is in very good condition, hardwood floors and with a gated entrance and a detached shop.

See link for more photos and info: Bellingham home near Beach for Sale

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Search for Bellingham Homes for Sale

Bellingham Real Estate

Dan Pittsenbarger

360-312-5857

Managing Broker – Keller Williams Bellingham

dan@BellinghamHomeTour.com

BellinghamHomeTour.com

Posted at 04:24PM Jun 01, 2011 by Daniel Pittsenbarger in General  |  Comments[0]

FRIDAY APR 29, 2011

Van Zandt Home on Acreage with Solar Powered Barn lights

This Bellingham area home for sale sits on 18.8 acres that’s fenced and cross fenced.

The property is set up for a “few” horses and includes a barn that has a solar powered lighting system. Solar panels are mounted on the roof of the barn that keep batteried charged. The lighting for the barn is fully supported by the solar panels.

Van Zandt Home on Acreage for sale

Link to Full Listing: Bellingham Area Home on Acreage for Sale

Search for Bellingham Homes for Sale

Bellingham Real Estate

Dan Pittsenbarger

360-312-5857

Managing Broker – Keller Williams Bellingham

dan@BellinghamHomeTour.com

BellinghamHomeTour.com

Posted at 12:55PM Apr 29, 2011 by Daniel Pittsenbarger in Real Estate  |  Comments[0]

 

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