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Bellingham, WA Bellingham Housing Stats 1st Qtr 2008

As you may have read in the Bellingham Herald....
We have experienced a drop in median price, and Lynden out preformed Bellingham. Things are still moving along, but in a more normal market. Where sellers need to plan ahead, list their home at the right price, and buyers have options with time to see several homes before choosing the one right for them! The lender issues have finally calmed down...and we are back on track.

100% financing is still available for 1st time homebuyers, those that haven't owned a home in 3 years, rural housing (North of Bakerview, East of Toad Lake...and including the Sudden Valley area) and owner financing options. 100% financing still exist, just not available for all properties.

Information provided by NW Multiple Listing Services. Email me to request specific stats in your neighborhood! Always feel free to call if you have any questions, 360-441-5882.

Residential Only	Whatcom Co	Bellingham	Barkley Area
Total Active Listings	1469	539	101
AVG List Price	$443,999	$470,490	$421,437
AVG Days on Market	110	109	112
Total Pending -	179	80	23
Total Sold - last 6 months	949	400	59
AVG Pending Price -	$338,438	$380,487	$384,934
AVG Sold Price - last 6 months	$326,881	$365,255	$349,934
AVG Pended Days on Market -	108	95	100
AVG Sold Days on Market	105	96	105

Posted by Elaine A. Cook-Connect Realty on 04/06/2008 10:47 AM

Comments (3)

bellingham, bellingham real estate, bellingham housing market

This post has been included in Washington Information Whatcom County, WA Information Bellingham, WA Information
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3 Comments on Bellingham, WA Bellingham Housing Stats 1st Qtr 2008

Great post Elaine. And most of all, quite procrastinating. I find alot of sellers are holding out when they can't afford to. Then they get into a panic short sale situation and then after the Realtor does all that work, and the mortgage guy has everything in order, the bank drops the ball and everyone looses. It seems that the more equity one has, the more likely they are to drop the ball.

There is however some confusing part here...100% financing for rural houseing? Houses can't apply for financing. Do you mean that the owner will hold a note or useing a down payment assistance program like Nehemiah programs?

04/06/2008 11:15 AM

by Chuck "Loans made easy" Christensen

Hey Elaine, I still haven't found out why I didn't get points for my blogs??? Did you find anyone I could

e-mail to find out??

04/24/2008 08:26 PM

by Andy Laughlin (ConnectRealty.com)

How are this years compared to last year and the year before? I think if we take in the cost of living, values are still increasing in some areas.

04/24/2008 09:04 PM

by Chuck "Loans made easy" Christensen

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