Here's a quick look at the Bellingham Real Estate Market Report for June 2016 for residential home sales.
The number of residential sales is up by 7 from June 2015 and 20 from last month. The sales price is up 17.3% compared to June 2015.It is up by $22,826 from last month’s average sale price of $406,037
The market is still experiencing a low inventory. Thereareonly 2 months supply of homes on the market right now. The market is just sizzling hot! Any home priced right is snapped up quickly . There are only 23 homes on the market under $300,00 and only 1 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.
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 not only helped me buy my house and get great financing, she also worked closely with longtime associates in the business—including mortgage brokers, land title companies, inspectors and many others—to ensure the deal went through. She was professional throughout, but brought a much-needed human touch to the proceedings. Without a doubt, I would recommend Mimi Osterdahl to anyone interested in buying a house or selling a house—or even thinking about it. I cannot understate how much I appreciate the invaluable assistance Ms. Osterdahl provided to me." "