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Winter 2012 Market Update
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| Average Home Price | $350,000 - View Graph Trend |
| Average Price Compared to Last Year | Down 5-10% |
| Average Time on Market | 30-60 days |
| Best Selling Price Range | $250,000 - $299,000 |
| Worst Selling Price Range | $400,000 - $449,000 |
| Prices As % of Asking Price | 85-90% |
| Existing Home Prices for the past 90 days are? | Decreasing |
| Market Trend | Decreasing |
| Buyers’ or Sellers’ Market | More sellers than buyers |
| Buyer Activity for the past 90 days in Bellingham is | Increasing |
| Seller Activity for the past 90 days in Bellingham is? | Increasing |
| 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! |
| What Percentage of the Current Housing Inventory are Foreclosures and/or Short Sales? | 45-50% |
| Is Financing Available For Qualified Buyers? | 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! |
| Housing Inventory | Good supply - Some Prices |
| Greatest Activity | First Time Buyers |
| Reason to Buy/Sell | Population Growth |
| Nearest Metro Area | Bellingham |
| 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! |
| Average Sold Price | $350,000 - View Graph Trend |
Bellingham Local News
Sluggish housing market in line for a better 2012, according to quarterly survey
The figures are still flat-lining, but there appears to be signs of life out there for a housing market that's dying for an upward tick of good news.
The up-and-down ride for real estate the past few years was seen again in the fourth quarter of 2011, according to a survey of HouseHunt real estate agents across the country. There are pockets of good news offset by bad, with home values and prices basically bumping along the bottom of the grid on a perceived never-ending rocky road.
Click here for full article...
The figures are still flat-lining, but there appears to be signs of life out there for a housing market that's dying for an upward tick of good news.
The up-and-down ride for real estate the past few years was seen again in the fourth quarter of 2011, according to a survey of HouseHunt real estate agents across the country. There are pockets of good news offset by bad, with home values and prices basically bumping along the bottom of the grid on a perceived never-ending rocky road.
Click here for full article...
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Mortgage Rates
– Feb 13th, 2012 –
---------------------------------
30 yr. fixed rate: 3.89%---------------------------------
15 yr. fixed rate: 3.21%
30 yr. jumbo rate: 4.60%
15 yr. jumbo rate: 3.96%
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