EP: 0046 - 2024 in review and 2025 whatcom county housing forecast with Katty Baldwin

The Bellingham Real Estate Podcast

In 2024, the housing market in Whatcom County experienced a year that continued to challenge both buyers and sellers. Home sales remained slower than historical averages, and affordability continued to be a pressing concern for many. Despite these obstacles, and even with the added complexity of it being an election year, Whatcom County saw a modest 1% increase in home sales, while home values rose by 5%.

Katty Baldwin, a top producer with JLS Bellingham who successfully helped 20 buyers find their homes in 2024, joins Paul Balzotti on the podcast to discuss how buyers navigated this dynamic market. They explore how opportunities still existed despite the challenges, and what trends could continue into 2025.

Podcast Highlights:

• 00:50 Market statistics for 2024, including home sale trends and affordability challenges.
• 03:15 Katty Baldwin shares insights on how she helped her clients successfully purchase homes in 2024.
• 06:00 A discussion on whether securing a better deal or obtaining a better interest rate is more important in the current market.
• 07:10 A closer look at the current housing supply in Whatcom County and its impact on buyers.
• 07:50 Strategies for writing contingent offers in today’s market and how to make them more appealing.
• 09:25 Advice for homeowners looking to make a move, particularly those who own plants (likely referring to people with large, hard-to-move possessions).
• 15:00 Insights into VA loans and navigating the challenges of interest rates for veterans.

If you have questions about the market or want to discuss buying or selling a home, reach out to Katty Baldwin at [email protected] or 530-515-3971.