For two days now I have been staring at my computer, pondering my first blog....what should I write about, what do people want to read, why am I doing this??? Well, a recent email from my cousin Cathi who lives in the mid-west prompted the idea for this blog.

She is selling a piece of real estate here in the NW.  She is deeply concerned with the housing market.  Is now the time to sell, the time to buy, the time to invest in something other than real estate?  Fear has taken over her desire.

With the media reminding us everyday of the break down of the lenders, the depreciation averages, and foreclosures on the rise...it is easy to get caught up in concern.

Well, here in the NW; more specifically Bellingham real estate the only market segment that should be concerned is the Bellingham condo owners! We have managed to flood the market with new condos.  Those trying to resell existing condos must think ahead, as the average days on market is well over 4 months, and the prices are declining in an effort to unload them.  I think investors threw themselves into the condo market to provide affordable housing for those who were priced out during our hay days.  Truly, not sure what the mass condo building is about, but in the end I do know that over the next couple of years they will all sell!

So, on the brighter side!  Bellingham homes for sale, thus far we have sold slightly over the same number of new and re-sell homes as we did last year!  The average price still continues to rise.  The difference is our inventory.  Bellingham buyers have more choices than they did last year, and they don't have to feel pressured to make this huge decision as quickly as possible.  Having said that, if you are looking to buy in the $220-$260 range you may find competition for the home you are thinking of buying.  Tweed Twenty and the Barkley area are desired areas that has had a steady market.  We are still seeing multiple offers in some of the market segments.

Local housing market stats show how many homes are for sale in a certain price range and how long they are on the market prior to closing.  This handy for home sellers, and for buyers negotiating a reduced price.

So, the bottom line of this rambling is that if you want a new place to dwell, or you want to sell the pad you are in...go for it.  Just plan ahead, know what you want, and put your faith in obtaining your goal. Why, because no matter what the media says, the lenders do, or the market stability...you are entitled to your dream...make it happen!!!