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Elaine A. Cook-Bellingham Real Estate

Bellingham, WA Bellingham Housing Stats 1st Qtr 2008

Bellingham BayAs you may have read in the Bellingham Herald....
We have experienced a drop in median price, and Lynden out preformed Bellingham. Things are still moving along, but in a more normal market. Where sellers need to plan ahead, list their home at the right price, and buyers have options with time to see several homes before choosing the one right for them! The lender issues have finally calmed down...and we are back on track.

100% financing is still available for 1st time homebuyers, those that haven't owned a home in 3 years, rural housing (North of Bakerview, East of Toad Lake...and including the Sudden Valley area) and owner financing options. 100% financing still exist, just not available for all properties.


Information provided by NW Multiple Listing Services. Email me to request specific stats in your neighborhood! Always feel free to call if you have any questions,
360-441-5882.

Residential Only

Whatcom Co

Bellingham

Barkley Area

Total Active Listings

1469

539

101

AVG List Price

$443,999

$470,490

$421,437

AVG Days on Market

110

109

112

Total Pending -

179

80

23

Total Sold - last 6 months

949

400

59

AVG Pending Price -

$338,438

$380,487

$384,934

AVG Sold Price - last 6 months

$326,881

$365,255

$349,934

AVG Pended Days on Market -

108

95

100

AVG Sold Days on Market

105

96

105

Bellingham Real Estate

This is just a short blog...

I feel the market picking up. New Quarterly stats will be compiled here shortly, and story will unfold.

However, the number of buyers has seem to increase. Perhaps because there are some great deals in Bellingham and Ferndale!

I am sure some warm dry weather would really make an impact!

Rates are staying low, and the USDA Rural Housing program still has 100% financing! With no PMI. Check with your favorite lender!

Our "selling season" is just around the corner. 'Tis the season for helping folks find the home they are looking for...and helping sellers move onto their next chapter!

Bellingham, WA Trails and Parks...So many great places!

When touring new clients around Bellingham, I always point out our many trails and parks. I am proud of the amount of parks we have here, and the ever growing trail system.

 One of my favorite parks is Whatcom Falls Park. The trails twist and turn through out it...the fish ponds are a sight to behold, but the waterfall is the grandest sight! The sound it makes is rather majestic. The park is magic to me, it takes the worldly issues and puts them on the back burner, so to speak!

Disc Golf is very popular at Cornwall Park. My son Aaron is an avid player...good, clean fun that keeps him out of trouble!

There is a cool new site called trails.com where you can find information about trails and parks in any city!

Bellingham, WA Affordable Housing Program

Nearly 4,000 people living in Bellingham rental housing here now qualify for help in buying or building homes, after new income limits increased significantly for the first time in four years.

Be sure to check out the income guidelines below. If you qualify, now it the time to contact one of the agencies listed below. They will guide you through the process, and explain the ins and outs of their particular program.

These organizations provide excellent opportunities for those who wish to own their own peice of Bellingham Real Estate!

QUALIFYING INCOMES

The federal government recently released new income limits that qualify more families for help in getting their own homes.
$35,300: the amount a household of one can earn.
$40,300: two-person household limit.
$45,350: three-person household limit.
$50,400: four-person household limit.
SOURCE: U.S. Department of Housing and Urban Development

For more information
Kulshan Community Land Trust: 671-5600 or KCLT.org
Whatcom-Skagit Housing: 398-0223 or whatcomskagit housing.com
Habitat for Humanity in Whatcom County: 715-9170 or hfhwhatcom.org

Bellingham, WA Tweed Twenty Neighborhood

Tweed Twenty....is a quiet neighborhood located in our BarkleyLiving.com area, with it's debut in the early 1970's. This neighborhood features mature, beautiful northwest landscaping and provides it's residents with affordable housing just minutes to Lake Whatcom and Barkley Village. With Silver Beach on one side and Northern Heights on the other, this community enjoys its neighbors. Residents can walk to Northern Heights Elementary, Squalicum High, Silver Beach Elementary and the popular Bellingham trail system! Please take a look at what is currently listed for sale in this established neighborhood!