Here's a quick look at the Bellingham Real Estate Market Report for July 2016 for residential home sales.
The number of residential sales is down 22 from July 2015 down 4 from last month. The sales price is down a slight $180 compared to July 2015. It is down $11,747 from last month’s average sale price of $428,403
The market is still sizzling hot, and we are still experiencing a low inventory market. There is only a 2 months supply of homes on the market right now. Any home priced right is snapped up quickly often with multiple offers. There are only 25 homes on the market under $300,00 and only 3 under $200,000.
There are many buyers out there today looking for new homes but a limited amount of homes for them to choose from.
Multiple offers are very common in this market for any desirable home.
With all the talk we have been hearing in the media about interest rates about to rise, it still hasn't happened at interest rates are still at all-time lows.
Buyer's, get a pre-approval letter from your lender ready to submit with your offer if you are in a competitive market.
""Mimi Osterdahl is AMAZING! She is insightful, intuitive and a great reader of people. In the over 10 years I have known her, she has helped me with market analyses for countless individuals - done with an eye for individual, impeccable detail.
She once gave me a card with a poster inside that read:
The little things? The little moments? They aren't LITTLE!
This is an excellent and accurate description of Mimi" "