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Bellingham Real Estate Market Report – January 2019

To see the extensive Bellingham Real Estate Market Report for January - Click Here
Here’s a quick look at the Bellingham Real Estate Market Report for January 2019 for residential home sales.
The number of residential sales for the month was 57 that is 9 less than January 2018 and 2 more than last month.
The Average sales price of $512,397 is up 3% compared to last December and down 3% from last month.
The number of homes for sales went down last month, there are now 2.1 months of inventory on the market, (if no new homes came on the market and sales rate was same as it is today, they would all be sold in 2.1 months).   The number is still pretty small relative to years past.
There is still not much new construction in single-family homes.
Inventory is shrinking again as it usually does in the winter months. There are 104 homes for sale the day I write this. Any home priced right is still snapped up quickly often with multiple offers. There are only 7 homes on the market under $300,00 and as of today the least expensive home on the market is $124,900 for a manufactured home near Emerald Lake. This is making it extremely difficult for first-time buyers, not to ... more

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