Here’s a quick look at the Bellingham Real Estate Market Report for December 2017 for residential home sales.
The number of residential sales for the month was 81 that is 7 more than December 2016 and the 1 less than last month.
The Average sales price of $503,425 is up by 6 % compared to December 2016 and up 7% from last month. It is also the first time the average price has gone over $500,000.
Inventory is down again and is still extremely low at 112 homes for sale the day I write this. Any home priced right is still snapped up quickly often with multiple offers. There are only 10 homes on the market under $300,00 and as of today the least expensive home on the market is $189,900. This is making it extremely difficult for first-time buyers.