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!