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The Bellingham Washington Real Estate Market The Bellingham Real Estate market is in a growth phase fueled by our unique location
between Seattle and Vancouver, the Waterfront Development
Project and the desirable Bellingham life style. Our recession is coming to an
end which will be the beginning of an accelerated
recovery period that will continue for the next 5-10 years. Looking
at the adjacent charts you can see the Bellingham home appreciation history (OFHEO). For
last 12 months starting with the 4th quarter of
08, Annual APR = -4.98%, Quarterly = -3.15%, 5Year = 27.98%, National Ranking
(NR) = 191 out of the 292 monitored municipalities in the US for 12 months
appreciation. If you are going to
invest in real estate the most important parameter is the 5 year estimated appreciation of your property and
events that will provide stimulus to the local economy. Bellingham's 5 year
appreciation in the 1st quarter of 2007 was 82% which was the beginning of the
recession.
Why you should invest
now !
The Bellingham Washington Real Estate market is a prime
market for investors for all the right reasons, location, high appreciation,
business growth, and quality of life. You can invest in land, residential or
preconstruction real estate. Please visit Gallery 4 to view 12 properties prime
for investment, Condos, Single Family, Multifamily, Commercial. I have
the network in place to provide you with professional real estate investment
consulting, financing options and detailed market knowledge to maximize your
return on investment and minimize your risk. 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.
Now is the time to invest in
Bellingham Washington Real Estate. There is a track record here that
communicates demand which relates to appreciation of residential properties and
land. The greater Bellingham area has the economic parameters and growth
stimulus and should be considered
as a potential for investment opportunity. Our growth and demand has been
generated by our strategic location and lifestyle. 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 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. |