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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. This is just the beginning of an accelerated
growth that will continue for the next 5-10 years. Looking
at the adjacent charts you can see the Bellingham home appreciation history (OFHEO)
and the Bellingham sales rate for Homes and Condos. For the 2nd quarter of
08, Annual APR = .34%, Quarterly = -1.46%, 5 Year = 73%, National Ranking
(NR) = 146 out of 292 ranked municipalities. The state of Washington
had 1 city in the top 20 states for Annual APR, Yakima #17 @ 4.71%. Bellingham has the highest, longest running 5 year APR in the state of Washington.
Condo and Residential Sales Performance
In greater Bellingham sales
through the 3rd Quarter 08 Condos YTD were 299 units down 19% YTD from 2007. Home
sales were 733 units down 27% YTD from 2007.
Investors
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. Bellingham is currently ranked #5
in country based on their 5 year appreciation rate of 73% at the end of Qtr 3,
2008. The #1 city in the US is Honolula @ 85.5%, #2 Virginia Beach NC @78.8%.
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