Best Place to Live & Launch - Bellingham Ranks #27
According to CNN Money, Bellingham Washington is the 27th best place to live and start a business.
Why Live in Bellingham…
The two biggest attractions to Bellingham, Washington are the outdoor life and proximity to Seattle and Vancouver, BC. Bellingham provides a host of outdoor recreation including; easy access to the bay, lakes & mountains. Bellingham offers a great community to bike, sail or hike. The real estate market is stable and the median home price is affordable at only $325,000.
On the Business Side…
There little question why commercial real estate is currently booming in Bellingham. Business is good. The local economy is thriving on tourism, exports and Internet based companies. Bellingham is currently not home to many large employers, but is poised to entertain one.
CNN stated that a PRO for Bellingham is that there is a skilled workforce, which is 100% true. Bellingham is home Western Washington University with thousands of students graduating every year. A large portion of these students attempt to find local jobs before they move on. A major business could thrive on this local talent pool.
The CON that was listed by CNN was that there are “Rising Home Prices”. Home prices have actually stabilized for the most part. In 2007, home prices increased around 4%. Considering that most real estate market declined in 2007, a stable real estate market should realistically be considered a positive.
Overall, anyone looking to relocate or start a new business should take a hard look at Bellingham, WA.
Ryan Martin, e-Pro®, Realtor® - 360-319-0040
Your Bellingham Real Estate Professional | Bellingham, WA Real Estate
Search Now for Bellingham Homes for Sale
Bellingham Real Estate Market Update for March 2008
The Bellingham real estate market continues to rise. While the average sales price has bounced up and down in 2008, the number of homes sold each month has continued to rise. 77 homes sold in Bellingham this March, compared to 66 in February and 60 in January. 61 homes are also currently pending in Bellingham. It is expected that home sales will continue to increase throughout the spring and into summer.
While the number of sales has increased, so has the total inventory. The number of available homes in Bellingham has increased from 489 to 522 since the end of January 2008. The average days on market for sold homes in Bellingham has been around 95 days. 60 Homes Sold in January
Median Listing Price – $299,950
Median Sold Price – $296,475
Average Listing Price - $375,652
Average Sold Price - $359,596
Average DOM – 92
68 Homes Sold in February
Median Listing Price – $304,400
Median Sold Price – $294,450
Average Listing Price - $378,641
Average Sold Price - $366,515
Average DOM – 106
77 Homes Sold in March
Median Listing Price – $299,000
Median Sold Price – $290,000
Average Listing Price - $356,962
Average Sold Price - $345,735
Average DOM – 91
Ryan Martin, e-Pro®, Realtor® - 360-319-0040
Your Bellingham Real Estate Professional | Bellingham WA Real Estate
Search Now for Bellingham Homes for Sale
Weekly Review of Bellingham’s Real Estate Market 2/24/08 - 3/01/08
Bellingham’s real estate market is still holding up quite well. There were 27 homes listed this week. The average price of new listings was $366,649 with a median price of $310,000. There were no foreclosures listed in Bellingham this week. Currently, there are 490 homes on the market in Bellingham, WA.
Bellingham Homes Pending and STI
12 homes pended this week in Bellingham. The average price was $312,713 with a median price of $284,900. The average days on market for pending homes this week was 133. Overall the market has really picked up since the beginning of 2008. The number of weekly new listings and weekly sales has held fairly steady and the market is on pace to have a great year.
Sold Homes in Bellingham, WA
The big news in the Bellingham real estate market comes in the number of sold properties. 28 homes sold in Bellingham this week, which is the biggest week so far in 2008. The average listing price of homes sold was $432,879 with a closed sales price average of $416,167 (96% sale to list price). It has been months since more homes sold than were listed in Bellingham, so these are very positive numbers for local home sellers.
Ryan Martin, e-Pro®, Realtor® - 360-319-0040
Your Bellingham Real Estate Professional | Bellingham, WA Real Estate
Search For Bellingham Homes for Sale
Bellingham Real Estate Market Update For 2/17/08 - 2/23/08
This week a steady rise in inventory continued in Bellingham. 30 new listings came on the market, which is the most of any week this year. The average price was $507,555 ($211/sq.ft.), with a median price of $416,750 ($232/sq.ft.). The average price was a bit skewed this week due to a couple of $1,000,000+ listings. Currently there are 494 residential homes on the market in Bellingham.
Bellingham Residential Pending and STI
Not only were the number of new listings up this week, but the number of pending sales were down this week. Only 7 homes pended and became
“Active Subject to Inspection” this week. The average price was $326,514 ($170/sq.ft.) with a median price of $292,000 ($183/sq.ft.). The average days on market for pending residential home this week in Bellingham was 116 days.
Weekly Homes Sold in Bellingham
The number of homes sold this week in Bellingham held strong at 11. This was mostly due to the increased activity from January. The average listing price of sold homes was $407,582 ($261/sq.ft.) with an average sold price of $395,082 (97% list price to sold price ratio). The average days on market for homes sold in Bellingham this week was 145.
Next week will be the monthly and year to date reviews for the Bellingham real estate market, so stay tuned…
Ryan Martin, e-Pro®, Realtor® - 360-319-0040
Windermere Whatcom County Real Estate | Bellingham Real Estate
Search for Bellingham Homes for Sale
Bellingham Condo Market Update for Feb 10th - Feb 16th
This week in the Bellingham condo market we noticed a significant upward shift in activity. While only 5 new listings came on the market, 13 condos pended and 10 closed. The average price of the new condos was $329,080 (265/sq.ft) with a median price of $274,500 ($235/sq.ft.). There are currently 266 condos on the market in Bellingham.
Bellingham Pending Condos
7 of the 13 pending condos this week were in Darby Estates. The average price of the Darby Estates condos was $194,281 (138/sq.ft). The average price of the total condos pending in Bellingham this week was $225,213 ($170/sq.ft.) with a median price of $192,995 ($137/sq.ft.)
Bellingham Sold Condos
There were also 10 closed sales this week in the Bellingham condo market. The average listing price was $259,158 ($217/sq.ft.) and the average closed price was $258,300 ($216/sq.ft.). The condos managed to hold their 99.6% of the listing price.
Ryan Martin, e-Pro®, Realtor® - 360-319-0040
Your Bellingham Real Estate Professional | Bellingham WA Real Estate
Search all Bellingham condos for sale
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