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The Bellingham Washington Real Estate Market Our recession is coming to an
end which will be the beginning of an accelerated
recovery period that will continue for the next 3-5 years. Looking
at the adjacent charts you can see the fall of Bellingham home appreciation. For
last 12 months ending with the 1st quarter of
2010, Annual APR = -7.53%, Quarterly = -1.56% and 5Year = 16.51%.
On the upside a company called POLICOM created a economic strength rankings for
all Metropolitan Statistical Areas since 1996 for 2010. Seattle-Tacoma-Bellevue WA was
ranked #1 in the country out of 366 Metropolitan Areas, Bellingham was #42.
Bellingham is poised for growth. “Economic
strength is the long term tendency for an area to consistently grow in both size
and quality.”
Why you should invest
now !
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 are now in the "recovery phase" which will
continue for the next 3-5yrs increasing property values.
A successful real estate investment strategy must be able to leverage local and national
events to create accelerated property appreciation over the next 3-5 years. I will detail the strategy, timetable and required investment amount to
provide you an effective annual return on your investment for 3-5 years of
22-25%. Please call me @ 360 201 2914 and give me the opportunity to present to
you the detailed investment plan (Executive Summary) for South Hill. Don't miss this
opportunity.
The Bellingham Population
Change from 1890-2002 chart to the left communicates the history of population
growth and the projected growth through 2022, however it does not include the
population growth from the
demand and economic stimulus that will be injected into our local economy from the Waterfront Development Project.
For some 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. A new
lifestyle that provides a better way of life creates demand
which has been demonstrated by Grandville Is 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 visit the "Executive Summary" in "local news". |