The House Price Index (HPI) is a broad measure of the movement of single-family house prices. It serves as a timely, accurate indicator of house price trends at various geographic levels. It also provides housing economists with an analytical tool that is useful for estimating changes in the rates of mortgage defaults, prepayments and housing affordability in specific geographic areas. The HPI is a measure designed to capture changes in the value of single-family houses in the U.S. as a whole, in various regions and in smaller areas. The HPI is a weighted, repeat-sales index, meaning that it measures average price changes in repeat sales or refinancing on the same properties. This information is obtained by reviewing repeat mortgage transactions on single-family properties whose mortgages have been purchased or securitized by Fannie Mae or Freddie Mac since January 1975. The graph “Bellingham Home Appreciation” on the left graphs 9 quarters displaying Quarterly, Annual & 5 Year appreciation which has created a "Buyers Market". The quarterly appreciation for the first  two quarters of 2011 has been flat, the 5 year appreciation sits @ a -11.16 percent. This market is prime for the investor.

A  "Buyers Market" has more sellers than buyers". It is also fueled by interest rates that are at all time lows. The current Real Estate market condition was created by our national recession and is characterized by low home values and the supply of homes for sale that exceeds demand.

The Bellingham Washington Real Estate market is a prime market for investors for all the right reasons: (1) historically low interest rates, (2) property values at a all time low (3) South Hill, overlooking Bellingham Bay and the Waterfront Development site occupies a very strategic and highly leveraged location and is in high demand (4) we have not entered the "recovery phase".  The Waterfront Development Project and the "Baby Boomers" will be a major contributor to our recovery.

Waterfront Development Project

For  20 years Bellingham did not have access to a  waterfront, it was owned by the Georgia Pacific Paper Company. The city of Bellingham and the port authority purchased the property from Georgia Pacific in 2005, 137 acres of waterfront. The development of this waterfront (largest in the US) will create a new life style for the greater Bellingham area with over-the-water boardwalks, a new marina, parks, hospitality and most important connect Bellingham to it's waterfront. This new lifestyle will create demand which has been demonstrated by Grandville Is in Vancouver BC and Gas Works Park in Seattle WA. Our project is 10 times larger that Gas Works Park and 5 times larger than Grandville Is. The Waterfront Development Project will stimulate growth and generate a  New Bellingham Economy by 2016. Please go to "local news" and review the  "Executive Summary" of the "Waterfront Development Project" for more detailed information on the scope of the project and the location of the adjacent properties.

The Waterfront Development Project will create a life style in the Waterfront District which will generate demand to access and live close to this new life style. Adjacent properties overlooking the Waterfront District will be in high demand accelerating current home values. Successful real estate developers who have created great wealth and have the vision, based on similar projects, will purchase these adjacent properties for future development. Market values of these properties will be accelerated with the change of the local demographics. These properties, built in the early 1900's, will be replaced with new multifamily luxury properties generating an excellent R.O.I. for the developer. The buyers will be the new generation of "baby boomers" coming on the market creating a Retirement Community.

Beginning January 1st, 2011 every single day more than 10,000 Baby Boomers will reach the age of 65.  That is going to keep happening every single day for the next 19 years. An excellent example of this trend is illustrated by "Edgewater Place". Edgewater Place is a 16 unit luxury condo development on adjacent property. It was completed in the summer of 2009 overlooking Boulevard Park. Average price/unit was 1 million dollars. Please view the details of this project in "local news", it is a bench mark for new development on adjacent properties. Also, please visit "Port of Bellingham Planning" in "local news" to view the "Master Plan".

I want to team up real estate investors and a real estate developer to create a partnership in which we will profit in the development of adjacent properties and the Waterfront District.

Please click on my Investment Blog to discover why you should invest  now in Bellingham Real Estate with the investment opportunities available in "Off Campus Student Housing" the  "Waterfront Development Project" and "Adjacent Properties"  in Bellingham WA.  

Please contact me to discuss this opportunity, Tom Gidlund.  Phone: 360 201 2914, Email: tgidlund@comcast.net