Let’s take a look atBellingham Real Estate Market Report – January 2016 for residential home sales.
The number of residential sales is down by 4 compared to January 2015 and down by 30 from last month.
Bellingham Real Estate Market Report – January 2016
The sales price is up 18.1% compared to January 2015 and down by $6,028 from last month’s average sale price of $381,927
The inventory is still incredibly low 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 to accomplish that goal.
There are still lots of buyers out looking for new homes but not many homes for them to choose from.Yesrumors are true multiple offers are back.
It is more important than ever to have all your "ducks in a row." Have your pre-approval letter from your lender ready to submit with your offer. If you don't have it 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.
When the fed recently raised interest rates for the first time in many years, everyone thought mortgage rates would follow and they did for a short time but came down again. So, interest rates are still low but they will begin to climb soon. Hopefully for you buyers out there they will remain at historic low rates
Hopefully for you buyers out there they will remain at historic low rates until attleastthe end of the year. 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
"Working with eXp Realty was a pleasure. When we started, we had no idea what we wanted, but our buyer agent helps us figure out the pros and cons of all our options. Our agent went the extra mile willing to put in the extra effort to answer our questions, to make sure we were happy with our decisions, and educated about the market and local area.