Fairhaven Neighborhood - Bellingham Washington Real Estate

It's a buyer's market. In the early 2000's, Bellingham property, including Fairhaven condominiums, were hitting the market, and almost immediately, the bidding began. This tended to bring up the prices of all property here in the city of subdued excitement, but more so with the holy grail of real estate, the waterfront/water-view property.

Fairhaven's coast is lined with parks, railroads, dock space for the Coast Guard and the Alaskan ferry, but is also a timeline of construction for Bellingham. New condominium projects are topping the charts with offered prices near $1.7 million, with contemporary construction and incredible views. Juxtaposed in between them are older condo projects, apartment conversions, and the occasional Tudor with apparently a million dollar view off the 70 year old porch.

An interested buyer can look forward to nights in Downtown Fairhaven within walking distance, or a short stroll to either Marine, or Boulevard Park, but expect to start looking at $260,000 and up, and that's for a studio.

Remarks from previous clients who have toured through some of the condos in Fairhaven?

These condos are old. Some are old, yet a great deal of them have been bought and refurnished by the most recent owner. Ask your Realtor when the last sale of the condo was, and if any work has been done since then.
These condos are small. This is one statement that depends on what you're used to. On average, the condos in Fairhaven and reaching over into South Hill are around 1200 square feet.
These condos are waaaaay too expensive for the size and age. There are a lot of other options on the market that are newer and bigger. And probably less expensive, but they're not as close to the shore or Fairhaven. These condos are selling in less than 4 months on average, and for over 95% of the listing price.

But that walk to Downtown Fairhaven on a chilled winter night for the Art Walk could be worth it. And the ocean view from your condo that cost $50,000 more than you wanted to pay seems HUGELY daunting. But over a 30 year mortgage, the difference between a $300,000 loan and a $350,000 loan is roughly (roughly, twice for the math crowd) a $300 difference a month in your payment.

Broken down over 30 days, that's $10 a day more for waterfront. For those in Washington, that's two lattes and a tip for the happiest barista you've ever met.