Bellingham Real Estate Market Report January 2016

Dated: 02/16/2016

Views: 560

pdfTo see the extensive Bellingham Real Estate Market Report for December Click Here

bham graph jan 2016 print copy2Let’s take a look at Bellingham 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.

chart_1-16
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. Yes rumors 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 at tleast the 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


Click Here to find the Value of Your Home

Blog author image

Michael Eisenberg

Michael was born and raised in Brooklyn NY. He graduated from Brooklyn College with a degree in Mathematics. His first job out of college was as an engineer tracking satellites. His last career before....

Latest Blog Posts

Totally Remodeled Everett Home

Check out this move in ready, fully-updated 3 bed 1.75 bath home in a great convenient Everett location!, Enjoy cooking in the new kitchen with Quartz counters and Stainless appliances. Cozy up to

Read More

Street Scramble Coming To BellinghamNov 11 2017 8751 1

Street Scramble is coming to Bellingham, Sunday Nov 12. It is an urban adventure that’s said to be fun for runners, walkers, and families! Dozens of checkpoints are marked on a special map and

Read More

Bellingham Real Estate Market Report October 2017Nov 10 2017 8751 1

Here's a quick look at the Bellingham Real Estate Market Report for October 2017 for residential home sales.The number of residential sales for the month was 86 that is 3 more than October 2016

Read More