Buying a home in Bellingham, or Whatcom County?  Here's what's going on.


Bellingham is very much a seller’s market right now.  We continue to see rising prices, that hit hardest in Bellingham's core neighborhoods.  While prices are on the rise, inventory is also very low.  Homes that are priced at market value wills sell immediately, and in most cases they will have multiple offers.  Bellingham is the heart of the market, but you will see the ripple effect on prices and inventory in Ferndale, Everson, Lynden, Birch Bay, Blaine, Custer, and up towards Deming and Mt. Baker.  As of the end of May, 2017, the average sold price in Bellingham was $418,000.00.  The price trend is up 17% year over year.  The median price in Bellingham was $375,000.00, which is up 15% from last year.  Average days on market is 31, down 65% year over year.  See below for more info.

 

Bellingham Market Report May 2017

 

Where do I start if I want to buy a home in Bellingham's competitive market?


Absolutely start with a Realtor that knows the market, has knowledge and experience navigating multiple offers.  There are things that help your offer when you're up against others, and your Realtor will be able to guide you through.  If you don't have a Realtor, feel free to contact me, or sign up with your email and phone number and I will call you asap to schedule a buyers consultation, and information meeting.  I look forward to meeting you!