Sept. 19, 2011

Bellingham Real Estate Market Report - August, 2011

Here's a quick analysis of the Bellingham Residential Real Estate Market

 

 

 

 

 

 

 

 

Looks like the residential market has taken a slight downturn from last year and last month again. The number of sales was up over last year. I think we need more jobs before we get much improvement in the market.

Condo prices are up over last year and last month.

The Wall Street Journal is predicting Bellingham's Real Estate prices to rise by 4.9% this year and another 12.4% next year. Let's hope whoever is reading their crystal ball has got it right.

There is still a First Time Home Buyer Tax Credit Available through a program called the Mortgage Credit Certification. It is a Tax Credit paid on Mortgage interest.

Interest rates are at historic low's and there are some great values in the Bellingham market right now. You might want to take a look at what it would cost you to purchase one of these homes at today’s rates. You might be surprised at what your monthly payments would be, maybe less than your paying for rent right now if you are renting a comparable sized house.

If you have any questions or want to see any Bellingham Real Estate feel free to email me at or give me a call at 360-739-6981

Data are based on information provided by the NWMLS

Posted in Market Reports
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