Let’s take a look at Bellingham Real Estate Market Report for February 2016 for residential home sales.
The number of residential sales is down by 9 compared to February 2015 and down by 2 from last month.
Bellingham Real Estate Market Report – February 2016
The sales price is up 13.2% compared to February 2015 and up by $42,998 from last month’s average sale price of $375,899
The market still has a problem of low inventory with only 2 months supply of homes on the market right now.
If you have any thoughts of selling your home this could be a great time. There are many buyers out there today looking for new homes but not many homes for them to choose from.
Yes I have said it before multiple offers are back.
If you are a buyer it is more important than ever to have all your pre-approval letter from your lender ready to submit with your offer.
If you don’t have it yet, start gathering the documents you will need to get one, which is usually 2 years of tax returns and 2 or 3 months of pay stubs. Check with your preferred lender or let me know if you need a recommendation to a good lender.
Want to learn more about the market let’s talk! 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
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