Bellingham Real Estate Market Report - Whatcom, Washington
Bellingham, Washington - Whatcom
| Market Commentary Provided by Reed & Jodel Gillig Now is the time to buy investment properties. The 2010 Winter Olympics are just around the corner. Bellingham is the pathway to British Columbia, Canada; where the Olympics will be held! |
| Report Date | Fall 2009 |
CONNECT WITH A LOCAL PROFESSIONAL 
Reed & Jodel Gillig
Keller Williams Western Realty Bellingham, Washington 360-303-4494 jodel@teamhousehunt.com Agent Home Page  |
|||
| Nearest Metro Area | Bellingham | ||||
| Buyers’ or Sellers’ Market | More buyers than sellers | ||||
| Average Time on Market | 60-90 days | ||||
| Market Trend | Increasing | ||||
| Housing Inventory | Good supply - Some Prices | ||||
| Average Home Price | $350,000 - View Graph Trend | ||||
| Best Selling Price Range | $250,000 - $299,000 | ||||
| Worst Selling Price Range | $450,000 - $499,000 | ||||
| Compared to Last Year | Up 5-10% | ||||
| Prices As % of Asking Price | 95-100% | ||||
| Multiple Offers? | Yes | ||||
| Multiple Offers Commentary | If you have 'priced your home to sell' you will be surprised at the amount of people waiting to make you an offer! | ||||
| Greatest Activity | Repeat Buyers | ||||
| Buyer Activity for the past 90 days in Bellingham is | Increasing | ||||
| Seller Activity for the past 90 days in Bellingham is | Increasing | ||||
| Is Financing Available For Qualified Buyers in Bellingham? | Yes | ||||
| Comments on Financing For Qualified Buyers | Your interest rate will depend on how much money you put down and what credit scores you have! | ||||
| Existing Home Prices for the past 90 days are | Decreasing | ||||
| What Percentage of the Current Housing Inventory are Foreclosures and/or Short Sales? | 45-50% | ||||
| Housing Hot Spots | The Southside of Bellingham is still a hotspot to buy in, i.e., Fairhaven, Geneva, Eldridge & Columbia neighborhoods. Also, with the Winter Olympics coming to Vancouver, B.C. (just right across the border) Blaine, Washington has great investment potential! | ||||
| Reason to Buy/Sell | Lower prices with good selection and competitive interest rates creates a perfect time to buy in Bellingham! | ||||
| Average Sold Price | $350,000 - View Graph Trend | ||||
| National Real Estate Market | |||||
| National Summary: National Housing Market Recovery Near? Latest HouseHunt Random Survey Finds Encouraging Signs - First Time Buyers Taking Advantage of $8,000 Tax Credit Like the legendary phoenix which rose renewed from its ashes, the U.S. housing market appears to be on the verge of emerging from the worst real estate market in three years. Several encouraging signs are there. Click here for full article... |
|||||
(NOTE: Because current market conditions can change rapidly in any given marketplace, please check with the exclusive HouseHunt, Inc., real estate agent for this territory before acting on this information.)
Washington Homes for Sale |
Washington Real Estate News | Homes for Sale |
Real Estate Market News | Hot Markets
“Your #1 resource for finding Homes for Sale, How Much My Home is Worth, Community Information and Real Estate Agents!”
© Copyright 1995-2009 HouseHunt Inc - All Rights Reserved