Bellingham Wa. Market Update

By
Real Estate Agent with Windermere

 

In Today's Bellingham Herald newspaper. The article shows that while they reported the values had still went UP approx. 5 percent in 2007 in an earlier article, the number of transactions were down.

According to the article in the Bellingham Herald : 

Several Whatcom County communities are behind last year's pace when it comes to home sales, according to data released on Monday.

In January and February, 189 homes sold in Bellingham, down from 203 for the same period last year, according to information compiled by First American Title of Bellingham. The title company tracks all home sales, including those for sale by owner.

Bellingham is slightly ahead of last year's pace with condominiums. In the first two months of 2008, 79 units sold, compared to 76 for the same period last year.

In Ferndale, Lynden and Blaine 111 homes sold in January and February, down from 183 for the same period last year. The three communities have sold 25 condominiums for that period, down from 26 units for the same period last year.

I feel that as we get into the spring month, as usual, the market will pick up. We have noticed a lot more action in the last few weeks. It seems with the proposed bail out by the powers that be, more people are getting used to the credit/market and that it shouldn't effect them in our stable market.

Thanks to First American Title and the Bellingham Herald for the info!

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Rainmaker
67,970
Denise Allen
Resh Realty Group - Chesapeake, VA
Realtor@ Chesapeake, Hampton Roads
Glad to hear things are somewhat ok there.  Used to live there and still have relatives there and in Ferndale.  Say "hi" to the family.
Mar 20, 2008 11:28 AM #1
Rainer
30,475
Patrick Johnson
Windermere - Bellingham, WA

Thanks Denise, how are things down there?

 

Mar 21, 2008 04:44 AM #2
Rainmaker
245,508
April Hayden-Munson
Brookfield, WI
Brookfield Wisconsin Real Estate
Glad to see your market is moving, ours in the Milwaukee Wisconsin area is picking up too!
Mar 21, 2008 12:30 PM #3
Ambassador
1,495,762
Jim Crawford
Maximum One Executive REALTORS® - Atlanta, GA
Jim Crawford Atlanta Best Listing Agents & REALTOR
Those statistics look pretty good!   From what I've been reading across the nation you seem to be in a very good market.  It is probably a great time to buy there right now!
Mar 21, 2008 12:33 PM #4
Rainer
113,497
Ryan Martin
Windermere Real Estate / Whatcom Inc. - Bellingham, WA
Bellingham Commercial RE Broker
Patrick - I run my own statistics for Bellingham and just came up with some pretty good numbers. Go check it out. 
Apr 02, 2008 04:42 AM #5
Ambassador
1,655,000
Jennifer Fivelsdal
JFIVE Home Realty LLC | 845-758-6842|162 Deer Run Rd Red Hook NY 12571 - Rhinebeck, NY
Mid Hudson Valley real estate connection
Patrick - The market usually pick up with spring.  I have noticed the pick up in my marketplace.  Here is hoping you will have a terrific business season this spring.
Apr 20, 2008 12:49 PM #6
Rainer
292,612
Diane Aurit
LKN Realty, LLC - Mooresville, NC
Lake Norman Real Estate
Interesting to hear that you may be experiencing the typical spring upswing.  I am seeing small signs here but I think we won't see real improvement for several more months or more.
Apr 22, 2008 01:49 AM #7
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Rainer
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Patrick Johnson

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