Bellingham Real Estate Market Report – October, 2011

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

The good news is the number of home sales is up from same time last year but the sales prices are slightly down. The overall price is down about 20% since the highest peak of the market in 5 years ago, Oct 2006.

 

 

 

 

 

The average  condo prices are just about equal to last year interesting that median price are up almost 30%, number of sales is and days on market for condos are both down from last year.

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 or condo.

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