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Amy Amos

Bellingham Washington's Luxury Home Market

08-04-10
Amy Amos

Having experienced quite a large amount of qualified buyers in the luxury home market, I began to wonder how this area of the market has fared through these economic times. At a detailed look, Bellingham's luxury home market has proved to stand strong through the economic turn. Having actually showed an increase in home sales, an increase in sales price, and a decrease in days on market.

Comparatively for August 2008 to August 2009, 16 homes priced $900,000 and above were sold. Average days on market were 307 with an average sales price of $1,174,844

From August 2009 to August 2010 there were 22 luxury home sales. Average days on market decreased to 225 and average sales price increased to $1,214,510. Showing homes in this price range selling at approximately 93% of list price, also an increase from the prior year.

It is no surprise that Bellingham, WAis showing an increase in luxury home sales. With many of the luxury homes either boasting a breathtaking ocean view or Lake Whatcom frontage, Bellingham is a glorious place to call home and considerably less expensive than many water view homes you'd find in the Seattle area, just south of Bellingham.

Bellingham's luxury home market is sure to continue on it's growth path.