Bellingham WA Home Values Holding Steady
the National newspaper USA Today posted this little stat the other day in their paper showing that Bellingham, Washington showed that area homes were holding there value. In fact it was the second best area in the country during 2007 with that distinction.
I Believe that since the Whatcom County housing market is so close to the Canadian market and the fact that our Canadian neighbors are buying purchasing property down here helps contribute to our real estate. Ever since the Canadian Looney and the American Dollar achieved parity with each other, more and more home buyers from British Columbia have been buying property in Bellingham and Whatcom County.
When you compare the geographical areas where most residents of lower mainland British Columbia and the areas of Whatcom County the population is nearing three million in BC and just 180,000 in Whatcom County. A home in Whatcom County would be 2-3 times it’s value if it was located in the more demand driven British Columbia markets.
But nevertheless its always nice to see yet another national magazine touting Whatcom County, this time on home prices.
Jerry Campbell - Muljat Group Realtors - Bellingham Real Estate